In the run-up to the high-stakes Jubilee Hills by-election results, underground betting networks across Telangana and Andhra Pradesh have gone into overdrive, with wagers reportedly exceeding Rs 10 lakh, according to sources.

Punters have placed massive bets on the outcome, with odds strongly favouring Congress candidate Naveen Yadav over BRS nominee Maganti Sunitha.

Individual wagers in Hyderabad, Warangal and Bheemavaram circles reportedly ranged

from Rs 10,000 to over Rs 20 lakh each.

Bets on the BRS candidate were being offered at 1:4 odds, meaning a Rs 25,000 stake would return Rs 1 lakh if Sunitha won, while wagers on the Congress side stood at 1:2 odds, offering double returns on a Yadav victory.

In Andhra’s Bheemavaram market, bettors were backing the Congress to win by a 25,0

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