Australia Beat India to Win Cricket World Cup, Upsetting Bettors

Australia defeated India to win the ICC Men’s Cricket World Cup, yielding a windfall for bettors who had wagered against the host country’s unbeaten streak until the final. In Australia, Sportsbet was offering 2.9 times the amount for an Australia win as of Friday, more than twice the payout for an India win at 1.4 times. Betfair, based in the UK, offered 3 times for Australia versus 1.49 for India. Sportsbet and Betfair didn’t reply to emails seeking comment; except for horse racing, sports betting is prohibited in most Indian states. The final match was played in front of an almost capacity crowd at the world’s biggest stadium, including Bollywood stars, India’s billionaire Ambani family, as well as Prime Minister Narendra Modi and his close ally and Home Minister Amit Shah, whose son runs the Board of Control for Cricket in India. It lured a record viewership of at least 57 million on Disney Hotstar though the numbers began dropping as the game turned decisively in favor of Australia. -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow