The racket has taken bets for over Rs five lakh, Sindhu Pillai, Deputy Commissioner of Police (North), said.
Rajesh Gupta, Mohd Yameen and Gopi Kishan Goyal were apprehended from Tilak Bazar in Lahori Gate yesterday while a match between Highveld Lions and Sydney was in progress, she said.
A TV set and six mobile phones were recovered among other things, she added.