Two busted over $100,000 NSW betting ring

Two men have been charged after more than $570,000 and casino chips valued at nearly $170,000 were seized as part of an investigation into corrupt betting at a Sydney casino.

Earlier this month NSW Police began investigating reports two men were involved in corrupt betting during a card game at a Sydney casino.

Officers arrested a 27-year-old man at a casino car park in Sydney and a 35-year-old man at a home at Canley Heights on September 9.

Police will allege in court the pair were involved in corrupt betting to the value of $100,000.

During a search of the Canley Heights, home officers seized more than $270,000 in cash, US dollar notes and electronic storage devices.

A second search warrant executed at a unit at Ryde turned up more than $300,000 in cash and casino chips valued at $169,000.

The younger man was charged with three counts of dishonestly obtaining financial advantage by deception and participating in a criminal group contributing to criminal activity.

He was granted bail to appear at Downing Centre Local Court on Wednesday.

The older man was charged with three counts of dishonestly obtaining financial advantage by deception and participating in a criminal group contributing to criminal activity.

He was granted bail to appear at Liverpool Local Court on Wednesday.