Cricket-mad Pakistan’s betting scene set for ICC Champions Trophy boom

Cricket-mad Pakistan’s betting scene set for ICC Champions Trophy boom
People watch the ICC Champions Trophy cricket match between Pakistan and India on a television at a canteen in Lahore on February 23, 2025. (AFP/File)
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Updated 24 February 2025
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Cricket-mad Pakistan’s betting scene set for ICC Champions Trophy boom

Cricket-mad Pakistan’s betting scene set for ICC Champions Trophy boom
  • One medium-sized bookie said he could expect to make up to $10,000 during major tournament like Champions Trophy
  • One seasoned bettor said he had once won staggering $89,538 from a single match but lost $32,233 in next game

ISLAMABAD: While eight cricket teams are fighting for the ICC Champions Trophy which started last week, bookies and police will be playing a game of cat and mouse as fans in cricket-crazy Pakistan are expected to wager huge amounts during the international tournament.

Cricket betting exists as a complex, underground market in Pakistan, thriving through unregulated bookies, online platforms and informal betting networks. Authorities say they frequently crack down on betting rings but enforcement remains a challenge due to the widespread use of mobile apps and international betting websites.

Arab News spoke to two bookies and two regular sports bettors to gain insights into Pakistan’s underground betting market, its stakes and how it operates, its evolution in the digital age and the impact of major cricket events on betting activity in the country. 

One bookie, who wanted to be referred to by the initials AB due to fear of legal action, said sports betting had always been popular in Pakistan but had become more accessible in recent years with the rise of online applications. 

While he said he usually made the equivalent of about $1,700 — $3,500 during a regular international cricket match, he could expect to make up to $10,000 during a major tournament like the ICC Champions Trophy. 

“Millions of dollars throughout the world and billions of rupees in Pakistan are expected to change hands [during the Champions Trophy],” AB told Arab News in a telephone interview. 

When asked about the maximum amount people were willing to bet on a game between Pakistan and India, one of the world’s most intense sports rivalries, he said: 

“The more money a person has, the more he bets. We are talking billions of rupees here.”

One bettor Arab News spoke to, who wanted to be referred to by the assumed name Bilal, said the largest bet he had placed in one go was around $5,400, while the most amount of money he had won from a single cricket match was a staggering $89,538.

“But then I lost around $32,233 in the next match,” Bilal said, adding that he had learnt his lesson and did not place big bets anymore. The highest he would go during the Champions Trophy was around $350 a match. 

OLD VS NEW SYSTEM

Explaining the evolution of Pakistan’s betting scene, AB said the betting process had been entirely manual until about a decade ago. 

“Bookies were connected to international betting networks and offered players the rates from those platforms while charging a commission,” he explained. 

Under the old system, new players could only place bets if an existing player vouched for them, making the guarantor responsible for covering the new player’s losses if they failed to pay. This also protected against the risk of infiltration by undercover cops. 

This is how the system worked: Players would call the bookie directly to ask for betting rates and then place a bet, and the call was recorded as proof of the transaction.

That system gave bookmakers a greater margin, as the odds could fluctuate between the time a player inquired about a bet and when they actually placed it.

Today, bookies use betting apps, which eliminate the need for guarantors. Any player can contact a bookie directly, deposit a certain amount and receive a login ID with funds added to their account.

“Players can now access the app directly to place bets and withdraw their winnings after a match or tournament,” AB said. “We still allow our long-term players to bet now and pay later.”

A seasoned bettor from Karachi, who requested to be identified as Tariq, told Arab News he had been betting for the past 15 years, not just on cricket but also on football, horse racing and other sports.

“The manual process used to favor the bookies because players couldn’t see the real-time fluctuations in betting rates,” he said. “This allowed bookies to manipulate the odds and increase their profits.” 

Web-based betting had made the operation, including payouts, smoother however, Tariq added. 

“Before every cricket match, one team is the favorite while the other is the underdog depending on their previous performance,” AB, the bookie, added. “Betting on the favorite team yields lower earnings compared to betting on the underdog.”

He explained that if the odds for a match were 2:3, a $1 bet on the favorite team would yield $0.67 in profit while betting a dollar on the underdog would yield $1.50.

AB said the most common bets during cricket matches revolved around predicting the outcome of the match or series, while “fancy bets” involved wagering on the number of runs a team will score within a certain number of overs.

Bets could be placed on anything, he added, from which team would win the toss to which bowler would take the most number of wickets.

“For instance, at the start of a match, the first available fancy bet is usually for the first five or ten overs,” AB explained. “A player can bet on whether the batting team will score more or less than a certain number of runs, for example 40, within a specified number of overs, with this type of betting continuing throughout the match.”

PAYING UP

Often, the gambling dens operate under the very nose of the police, bookkeepers said. 

KC, another bookie who also refused to be identified by his full name and operates a den from a modest two-bedroom apartment in Karachi, told Arab News the police became active in striking deals with, and demanding heavier bribes from, bookkeepers before major cricket tournaments like the ICC Champions Trophy. 

“Corruption runs deep,” he said. “Some policemen even place their own bets.”

The first bookie, AB, said police were helpful both in looking the other way and allowing dens to operate, while raiding the set-ups of competitors or new bookies in the market. 

“Small bookies like me pay thousands of rupees weekly as protection money on a regular basis. But the policeman I’m in touch with has told me they won’t come to save me if there is a raid, the most they will do is alert me about the raid beforehand,” he said. 

AB said there was a fixed bribe rate on a weekly basis, but a percentage system was used for big matches, with the police getting a cut of earnings from big matches. 

“In a month from small bookies, police would be able to make around $5,500,” he added. “Rates don’t increase before tournaments but only for big matches.”

Tariq, the bettor, recalled a time he lost over a million rupees on credit and couldn’t pay on time.

“I received threats from bookies and even policemen called me asking me to visit them,” he said. 

The same works for bookies too sometimes: 

“If a bookie fails to pay, the police detain them until they clear their dues,” Tariq added. 

Speaking to Arab News on condition of anonymity as he was not authorized to speak to the media, a senior Karachi police official said gambling had largely shifted online, bringing it under the jurisdiction of the Federal Investigation Agency (FIA). However, he admitted that some physical gambling may still be taking place though its nature had changed. 

“It is rarely played with gamblers physically present in one location. This is why it now falls under the FIA’s jurisdiction,” the official said. 

A spokesperson for Sindh police said the issue did not fall under the domain of police. 

FIA spokesperson Abdul Ghafoor could not be reached for comment despite several attempts while FIA Deputy Director Media Mehmood Ali Khokhar sought questions via text message but did not respond.


Saudi Arabia confirms $500 million commitment to polio eradication effort, WHO says

Saudi Arabia confirms $500 million commitment to polio eradication effort, WHO says
Updated 21 sec ago
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Saudi Arabia confirms $500 million commitment to polio eradication effort, WHO says

Saudi Arabia confirms $500 million commitment to polio eradication effort, WHO says
  • The funds will help end the wild form of polio in Pakistan, Afghanistan and stop outbreaks of variant polio
  • The contagious disease is endemic in Pakistan and Afghanistan, which together reported 99 cases last year

Saudi Arabia has reaffirmed its $500 million pledge to the Global Polio Eradication Initiative (GPEI), the World Health Organization said on Monday.
The funds, initially pledged in April 2024, will be disbursed to help end the wild form of polio in Pakistan and Afghanistan and stop outbreaks of variant polio.
Wild polio — a naturally occurring form of the viral disease — is endemic in Pakistan and Afghanistan, which together reported 99 cases last year, according to the WHO. Variant polio is caused by the weakening of the oral polio vaccine.
The GPEI hopes to declare an end to the wild virus and the vaccine-derived variant by 2027 and 2029, respectively, compared with a previous deadline of 2026 for both forms.
The US, which has announced its intention to withdraw from the WHO, was previously a major donor to a program to eliminate polio and contributed 17 percent of its budget during 2024-2025, the WHO data showed.


New Zealand’s Bracewell puts Bangladesh in a spin in Champions Trophy match in Rawalpindi

New Zealand’s Bracewell puts Bangladesh in a spin in Champions Trophy match in Rawalpindi
Updated 27 min 50 sec ago
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New Zealand’s Bracewell puts Bangladesh in a spin in Champions Trophy match in Rawalpindi

New Zealand’s Bracewell puts Bangladesh in a spin in Champions Trophy match in Rawalpindi
  • A win for New Zealand would send them into the semifinals and also knock Bangladesh and hosts Pakistan out in the group phase
  • New Zealand elected to field first in their second match and their bowlers dominated despite a battling 77 by Bangladesh skipper

RAWALPINDI: New Zealand spinner Michael Bracewell returned career-best ODI figures of 4-26 to help restrict Bangladesh to 236-9 in a key Group A Champions Trophy clash in Rawalpindi on Monday.
A win for New Zealand would send them into the semifinals and also knock Bangladesh and hosts Pakistan out in the group phase of the 50-over tournament. India would go through with the Black Caps.
New Zealand won the opening match of the competition against Pakistan, who then lost to India on Sunday.
New Zealand elected to field first in their second match and their bowlers dominated despite a battling 77 by Bangladesh skipper Najmul Hossain Shanto and Jaker Ali’s 45.
Bangladesh started well with a brisk opening stand of 45 between Tanzid Hasan and Shanto.
Tanzid took on the pace bowlers as he hit fast bowler Kyle Jamieson for a four and six but his run-a-ball 24 was cut short by Bracewell.
The 34-year-old off-spinner struck with his second delivery to get the left-handed Tanzid caught by Kane Williamson at midwicket.
Rookie pace bowler Will O’Rourke sent back Mehidy Hasan Miraz for 13 and the middle-order suddenly surrendered to Bracewell’s off-spin.
Bracewell tied down the batsmen with his disciplined bowling and despite Shanto’s efforts to chip in with a few boundaries the runs dried up.
The patience paid off and Bracewell got his second wicket in his seventh over when Williamson took his second catch, a stunning effort as he turned from extra cover to catch the ball over his shoulder to dimiss the dangerous Towhid Hridoy for seven.
Bracewell completed his full quota in the 27th over and got two more wickets, removing veterans Mushfiqur Rahim (2) and Mahmudullah Riyad (4) as Bangladesh slipped to 118-5.
Shanto reached his fifty and attempted to rebuild with Jaker adding 45 for the sixth wicket before O’Rourke dismissed the captain with a short ball.
Jaker stood firm with the lower-order including a cameo by number eight Rishad Hossain, who hit a rapid 26, but the total looks below par on a pitch that usually favors batsmen.


Pakistan watchdog announces cash rewards for exposing cartels manipulating markets

Pakistan watchdog announces cash rewards for exposing cartels manipulating markets
Updated 38 min 35 sec ago
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Pakistan watchdog announces cash rewards for exposing cartels manipulating markets

Pakistan watchdog announces cash rewards for exposing cartels manipulating markets
  • Initiative aimed at promoting public participation in eliminating illegal practices, competition commission says
  • Scheme will encourage members of public to be part of protecting economy, economic rights, watchdog says 

KARACHI: The Competition Commission of Pakistan (CCP), a government agency for the enforcement of economic competition laws, said on Monday it would pay cash rewards to people who exposed cartels involved in the manipulation of various markets.

The development comes ahead of the holy month of Ramadan, during which various elements hoard essential items and artificially increase prices at local levels to make unjust profits.

The artificial increase in prices of goods and services in Pakistan, and a lack of quality goods is largely the result of business cartelization in the markets, according to the CCP.

Cartels are formed when suppliers in a market coordinate or enter into agreements to fix prices for goods and services and control the supply which is an illegal practice.

“If any individual is aware that a business association or product suppliers have colluded to fix prices or control supply, he is urged to immediately report such information to the CCP,” the watchdog said.

“Those who provide information and evidence regarding such illegal cartels will be rewarded with amounts ranging from Rs200,000 ($714) to Rs2,000,000 ($7,146). It is important to note that the identity of the informant will remain confidential.”

People can reach the CCP through WhatsApp number 0304-0875255 or its website www.cc.gov.pk to report any cartelization in the country.

“If your information is verified, you will not only receive a reward but also be recognized as a national hero,” it said.

The CCP said the initiative is aimed at promoting public participation in eliminating illegal business practices and the scheme would not only provide a legal avenue but also encourage the public to be part of protecting the country’s economy and their economic rights.

To ensure the provision of better-quality goods and services at fair prices to consumers, it is essential that all suppliers in the market compete with each other by offering better services and products at better prices, rather than colluding to fix prices, according the watchdog.

Engaging in agreements or understandings to control prices or supply of goods and services for unjustifiable profits is a serious crime under the Competition Act 2010.

“The Competition Commission of Pakistan has called for cooperation from the public in general and the concerned stakeholders in particular to take strict action against such illegal business nexus and cartels and to report any such act,” it said.


Pakistan Navy holds Sea Guard-25 exercise for key maritime sector representatives

Pakistan Navy holds Sea Guard-25 exercise for key maritime sector representatives
Updated 45 min 51 sec ago
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Pakistan Navy holds Sea Guard-25 exercise for key maritime sector representatives

Pakistan Navy holds Sea Guard-25 exercise for key maritime sector representatives
  • Exercise, the second in Sea Guard series, will run from Feb. 24-28 
  • Exercise seeks to enhance coordination among national stakeholders

KARACHI: The Pakistan Navy on Monday launched the Sea Guard-25 exercise in the southern port city of Karachi to bring diverse sectors and agencies together on one platform to “collectively address multifaceted challenges in the maritime domain.”

The exercise, the second in its series, will run from Feb. 24-28 and bring together representatives from fisheries, law enforcement agencies, private entities, and non-profits.

“In addition to prominent figures from the private sector and fishing community, representatives from various organizations, including the Pakistan Maritime Security Agency, Pakistan Coast Guards, Pakistan National Shipping Corporation, Anti-Narcotics Force, Federal Investigation Agency, Karachi Port Trust, and Port Qasim Authority, attended the session,” the navy said in a statement. 

“The exercise seeks to enhance coordination among national stakeholders while operating within their respective legal frameworks, using JMICC as a common platform to strengthen security of Pakistan’s maritime zones,” the navy statement added, referring to the Joint Maritime Information Coordination Center. 

“It includes a series of practical scenario-based exercises at sea, along with table-top discussions, to refine and improve existing security mechanisms.”

Pakistan frequently conducts drills in Karachi, home to key naval bases and whose strategic position along the Arabian Sea is vital for safeguarding the South Asian nation’s territorial waters.

Earlier this month, Pakistan hosted the AMAN-25 multinational naval exercise, with 60 nations participating. Pakistan and Saudi Arabia also concluded their annual Affaa Al Sahil naval exercise in Karachi in February.


Pakistan seeks assistance from commercial banks to sell loss-making enterprises

Pakistan seeks assistance from commercial banks to sell loss-making enterprises
Updated 24 February 2025
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Pakistan seeks assistance from commercial banks to sell loss-making enterprises

Pakistan seeks assistance from commercial banks to sell loss-making enterprises
  • The comments by the finance minister come ahead of a visit of an IMF team to Islamabad to review Pakistan’s progress on a $7 billion bailout
  • The government seeks to sell its stake in state-owned companies as it aims to revive the $350 billion South Asian economy under the IMF program

KARACHI: Pakistan’s finance minister Muhammad Aurangzeb on Monday urged commercial banks to help the government with its plans to privatize loss-making, state-owned enterprises (SOEs).

The minister’s comments came ahead of the visit of an International Monetary Fund (IMF) team to Islamabad to review Pakistan’s progress on a $7 billion bailout it secured in September last year. A successful review will see the Washington-based lender release around $1 billion tranche to cash-strapped Pakistan.

Under the program, Pakistan has undertaken several reforms in taxation, energy and others sectors as well as with regard to better management and privatization of loss-making SOEs. Pakistani provincial governments have also recently enacted laws to tax farm incomes in line with the lender’s requirements.

Prime Minister Shehbaz Sharif’s government seeks to sell its stake in state-owned companies, including the debt-ridden Pakistan International Airlines (PIA), as it aims to revive the $350 billion South Asian economy.

“You can be on the sell side, you can be on the buy side in conjunction with the foreign partners, but we’re very serious and we will pay you,” Finance Minister Aurangzeb said at a summit of commercial bankers in Karachi.

IMF bailouts are critical for Pakistan which narrowly avoided a sovereign default in June 2023 by clinching a last-gasp, $3 billion IMF loan and is currently navigating a tricky path to economic recovery.

The government’s first attempt to privatize the national airline failed in October when the single bidder, a real estate developer, offered a rate much lower than what was anticipated by authorities.

Aurangzeb said they had had “a bit of a hiccup,” but PIA was being relaunched.

“I talked about privatization. I would encourage all the banks to actually come in and help us,” he said.

Pakistan is also working on the outsourcing of Islamabad, Karachi and Lahore airports as well as privatization of power generation and distribution companies.

The South Asian country targets the single B credit rating this year to tap the Euro, US and Chinese bond markets, according to the finance minister. Islamabad plans to issue Chinese Panda bonds this year.

Aurangzeb said his team would engage with the credit rating agency Fitch during the forthcoming spring meetings in Washington.

“There’s a good opportunity that we get back into that so that we can access Euro, US dollar market,” he said.

But, Aurangzeb said, Pakistan would need to make its growth sustainable by increasing exports and productivity to break the recuring boom-and-bust cycle.

“It’s very easy, really easy to get into that trap again and say let’s go for it and that’s where we get into trouble, the imports go haywire, we run out of dollars, we get into a balance of payment problem and we go running back to the lender of the last resort [the IMF],” he said, stressing the need to fundamentally change the “DNA of Pakistan’s debt-ridden fragile economy.”