It is unfortunate that Indian cricket is now a big place for sutta market. Here is the details about how it works in India.
According to econnomic times, the satta bazaar estimates that at least Rs 20,000 cr will be wagered on the IPL’s 59 matches over a period of 44 days. People of India are wasting their time to watch all long matches of IPL and helps indirectly to satorias to make big money out of it.
How it works- suppose before the cricket match between A and B, you think that B will win the match ( B is known as weaker team). Most of other people guess that team A will win. After balencing of demand and supply, suppose for team A odds is 100:25 and for team B, odds is 100:400. If team B wins you will get 400 Rs without spending your 100 Rs. (you have to first deposit 100 Rs, you will get 400+100= 500 Rs). If team A wins you have to loose 100 Rs ( you will get nothing).
If team A wins, the people who has bet on A will get 25 Rs without spending 100 Rs.
It is well known that the practice of satta bazar is illegal in India. I would say, stay away from it, otherwise you will sure loose your money and time.