Gurpreet, 25, Subhash, 26, Deepak, 26 and Sachin, 27, residents of Govind Puri Extension, Sangam Vihar, Mehrauli and Devli village of south Delhi and all real estate brokers by profession, were arrested on Tuesday night from a flat in Krishna Park on a tip off.
A LED, 15 mobile phones and a laptop have been recovered from their possession, police said.
"During interrogation, they said they used to bet on IPL matches but after a slowdown in property business, they formed their own betting racket to earn quick money," Deputy Commissioner of Police Ishwar Singh told IANS.
Data from the laptop data suggested that they collected bets of around Rs 12 lakh from 60 people, he added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.