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The Indian Premier League (IPL) is only into its second week but has already become a big hit with gamblers, leaving betting on other major events far behind.

The police here estimated the amount changing hands in the first week at a whopping Rs 2,00,000 crore.

A police official said this is at least 20 times higher than the betting money in the last cricket World Cup in the West Indies.

The reasons attributed to this quicker turnover for punters are the glamour involved, big money at stake, and shorter match durations producing faster results. Added to it is the tremendous public response to the IPL matches around the country. At some of the stadiums, corporate boxes have been sold out and in some places like Mumbai, general tickets were sold in black.

"There is a strong hype surrounding the IPL, the summer vacations are on and matches are being marketed well in all cities," said a Mumbai bookie, who spoke on condition of anonymity.

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