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Losing punt of view: Mumbai man duped of Rs 9.6 lakh on sports betting

At first he was encouraged on receiving some winnings, but they soon stopped coming; Police said the complainant began betting on the platform between July 26 and December 3, gradually increasing the frequency of transactions after receiving early payouts

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The man placed bets on cricket, football and tennis matches. Representational pic/iStock

The man placed bets on cricket, football and tennis matches. Representational pic/iStock

In a case highlighting the risks of illegal online sports betting, Amboli police have registered an FIR after a 34-year-old event management professional alleged that he lost Rs 9.67 lakh through more than 23 betting transactions over four months on the website myfairpunt.com.

According to the police, the victim placed bets on cricket, football and tennis matches in small and mid-sized amounts ranging from Rs 10,000 to Rs 70,000, initially receiving some winnings that encouraged him to continue betting. The website later blocked withdrawals and allegedly siphoned off the remaining money to unknown accounts.

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