Rachit Gupta (22), who runs a restaurant in Rajouri Garden, and Vikas, a Class 12 student, were arrested after police received information about betting during the match between Delhi Daredevils and Mumbai Indians yesterday and conducted a raid.
"We received information from constable Ansar that there will be betting on IPL 2016 cricket match and the betting syndicate is operational from a house in Punjabi building, Roshnara Road, Delhi," DCP (North) Madhur Verma said.
According to police, Gupta wanted to open a chain of restaurants in the capital for which he indulged in cricket betting with Vikas. The racket had bet about Rs 5 lakh on the match between Delhi Daredevils and Mumbai Indians.
Police have recovered an LCD TV, mobile phones, three chargers and a notebook from their possession.