Yes, it is called Indian Jackpot. Toto bets are accepted in a variety of sports, including football, ice hockey, American football, and others. The mechanics is simple: there is a prize fund that is constantly changing but is always at least several hundred thousand rupees. A player deposits 10-40 rupees for participation (depending on a type of jackpot) and gets an opportunity to guess the outcomes of 10 to 17 matches. To become a winner, you need to predict the outcomes of most matches (the exact number is written in a coupon). The amount of winnings depends both on how many outcomes were guessed, and how many participants won a single jackpot. The prize fund is divided between the winners proportionally to the number of correct answers.
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