Police busted a racket involved in betting during the ongoing Cricket World Cup matches and arrested two persons from near the Daily Market under the Plant Site police station here late on Monday night.
Acting on a tipoff, a police team conducted a raid at Janata Niwas Lane where betting was on and nabbed the two bookies for their alleged involvement.
Police seized more than Rs 31 lakh in cash and 15 mobile phones from the possession of the arrested bookies, sources said.
The arrest was made when a match between Bangladesh and Afghanistan was being played at Southampton in England.
A police official said that the arrestees were being interrogated to unearth more information about the racket.
Earlier during an Indian Premier League (IPL) match, a similar racket had been busted a few months ago and three persons were nabbed from Narla Road. Cash worth lakhs and mobiles phones were seized.