Bookies bet on BJP-led government

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Indias Prime Minister Narendra Modi during  the BJP Central Election Committee (CEC) meeting.- PTI
India's Prime Minister Narendra Modi during the BJP Central Election Committee (CEC) meeting.- PTI

Mumbai - The market also indicates that the ongoing elections are rather more high stakes than the one held in 2014.

By IANS

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Published: Wed 24 Apr 2019, 10:00 PM

Last updated: Thu 25 Apr 2019, 12:41 AM

After completion of polling in 303 out of the 543 Lok Sabha seats, bookies and punters in the unofficial 'Satta Bazaar (betting market) predict a BJP-led coalition government at the centre with Narendra Modi returning as PM, according to sources.

The market also indicates that the ongoing elections are rather more high stakes than the one held in 2014 as the betting turnover this time has crossed an estimated Rs2 trillion, almost double than the previous polls.

After three phases, balloting will take place at another 240 Lok Sabha seats in the remaining four phases. As things stand now in the betting market, the prospects of the two main coalitions - BJP+allies and Congress+allies - roughly stands at 60:40.

The bookies, wary of a close watch being kept by the security agencies, mostly operate from locations abroad, using special mobile apps, an improvement over earlier practices like online betting.


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