For that matter any benevolent venture that is proposed in India will be mishandled and abused. I am talking about organizations/reputed newspapers such as The Hindu which can employ a committee of retired judges, professors, civil service officers etc., and conduct such bets on a daily basis. The committee will just audit the operation. Lots of people are needed to participate with bets at a minimum of Rs.10. There can be so many bets devised. The bettors do not get any money if they win nor the organization which conducts the betting ( pro bono publico service). They can only assign it to a charity. For the sake of efficiency of distribution to the charity specific charities can be listed and the bettors should choose from among them.