Delhi election verdict: Rout for bookies too, 95% lost money
The Delhi satta market on Tuesday reportedly suffered huge losses over the BJP’s massive setback in the assembly elections, with the Aam Aadmi party emerging victorious in 67 seats.delhi Updated: Feb 11, 2015 00:20 IST
The Delhi satta market on Tuesday reportedly suffered huge losses over the BJP’s massive setback in the assembly elections, with the Aam Aadmi party emerging victorious in 67 seats.
Although there are no official figures for the total losses, bookies said that 95% of the bookies had lost their money.
Only a few of them, who were AAP loyalists and continued to put their money on AAP winning more than 60 seats, managed to earn fifteen-twenty times the sum they placed their bet. A Delhi bookie told HT that till Monday night, in the satta market, AAP was expected to win 44-45 seats.
The BJP was second with 21-22 seats while bookies had given the Congress 2-3 seats.
Last month, when the satta market had opened, the BJP was expected to win more than 50-51 seats which decreased rapidly and came to 21 on Monday. In contrast, the number of seats for AAP had been increasing day by day.
“Those who have become rich overnight are AAP loyalists but they are also people who have enough money and do not mind placing a bet of several lakhs on AAP winning more than 60 seats. This however turned out to be true. They have become rich, because their returns have been multiplied by more than fifteen times,” said a bookie.
According to an estimate, the total loss suffered by most of the bookies in Central Delhi could be well over a thousand crores. Sources said that the saata market was open even in the morning, with punters who took bets even at 6-7 in the morning.