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Bookies have a party, expect Rs 70,000 cr business from polls

As many as 12 bookies from various parts of India have assembled in Nepal to open betting rates that will see changes as the election dates near. The main draw is on which political group will emerge as the single largest party.

india Updated: Mar 13, 2014 11:23 IST
HT Correspondent
HT Correspondent
Hindustan Times

Bookies across the country expect a turnover of Rs. 70,000 crore as they seem certain that the Bharatiya Janata Party (BJP) will emerge as the single largest party and will form the government with Narendra Modi at its top.

The bookies opened the rates on Monday in Nepal fearing a crackdown in India.

Sources said 12 bookies from various parts of the country had assembled in Nepal to open the rates that will see changes as the election dates near.

The rates show BJP garnering 200 to 215 seats, while the National Democratic Alliance is expected to get 230 to 245 seats, falling short of the magical 272 mark. “They will, however, get support from other parties and will sail through,” said a bookie, requesting anonymity.

Predicting a debacle for the Congress, they stated that the single largest party during the last elections would manage a mere 75 to 80 seats this time.

“The Congress-led United Progressive Alliance could plunge to 115 to 125 seats,” the bookie said.

The bookies do not expect an overwhelming performance by the Aam Admi Party (AAP) either, as they believe it will manage only six to eight seats. “Though AAP started well, recent happenings and controversies, including Arvind Kejriwal resigning as Delhi CM, will cause trouble for the party,” the bookie said.

The bookies said the other parties, which were trying to form the Third Front, will get 80 to 100 seats combined.

As for the prime minister, bookies put BJP candidate Narendra Modi at the top, with Congress’s Rahul Gandhi trailing far behind.

Besides, bookies have also opened rates for Mulayam Singh Yadav, Mamata Banerjee, Jayalalitha and Arvind Kejriwal.

“As Modi’s popularity rises with each passing day, his chances of becoming the next PM are very high.

“Our calculations show that the BJP will win three to four seats out of Delhi’s seven LS seats. AAP will be at the second position with two or three seats.

The Congress, that won all seven seats in the previous elections, will not win more than one,” said Makkhi (name changed), a south Delhi bookie.

First Published: Mar 13, 2014 00:12 IST