2024 Lok Sabha elections: Farodi Satta Bazaar bets on less than two-thirds for NDA to win majority – India News

Phalodi, a small town in Rajasthan’s Jodhpur district, a popular center for election-related gambling, or satta bazaar (gray market), has started cutting back on stakes for the Bharatiya Janata Party-led government.

Now the bet is on the BJP The party will win 303 seats, similar to its 2019 tally, compared to the originally expected 330-335 seats. The NDA is expected to win 340-350 seats, less than two-thirds of the majority.parliament The party is expected to secure around 50 to 51 seats.

This shift can be attributed to negotiations by other parties within the National Democratic Alliance (NDA), low voter turnout and, to some extent, the influence of the Supreme Court. Verdict on Electoral Bonds.

Currently, Satta market is This means that a bet of 1 rupee will result in a profit of 1 rupee. However, for 320 seats, the rate is 2.25, indicating a higher risk. So, if you bet Rs 100 on 320 seats, you will get a profit of Rs 225. Sources say that bets significantly higher or lower than the standard rate are unpopular in this election. Bet.

In the case of parliament, the ratio is 1:1 for 50-51 seats, but 1:3 for 60-61 seats.

There are two main reasons for the slow progress of the BJP this time. First, turnout in the first two rounds for the 190 seats was lower than expected. Late Tuesday, the election commission significantly revised its initial turnout estimate upwards to 61% to 62%, but the impact was minimal. Higher turnout was expected to be a boon for the ruling coalition, but the heatwave is thought to have hindered voter participation.

According to sources in the Farodi Satta market, the Supreme Court’s ruling on electoral bonds has also tarnished the ruling party’s reputation.
Current signs suggest that the BJP may lose some seats in Rajasthan and Madhya Pradesh, but may gain some seats in Uttar Pradesh.

It is noteworthy that the BJP-led alliance secured more seats in the 2019 general elections than the Satta market had predicted. But at the time, the wave of support for the ruling party following its response to the Pulwama attack two months before the election had a major impact.

Satta market sources said that if the NDA’s majority is less than two-thirds, it could affect other markets such as the stock market as it could affect some of the major reforms proposed by the BJP-led government. He said it could have a ripple effect. .

If this prediction is correct, it would mean that Prime Minister Modi’s demand for ‘Abaki Bhar 400 Pals’ (more than 400 seats in the ongoing Lok Sabha) will come true. Elections for the BJP-led NDA alliance) are unlikely to be achieved.

Phalodi, a small town in the Jodhpur district of Rajasthan, is known for its salt production and extreme temperatures. Despite its size and below-average literacy rate, it is the largest illegal market where people from all over the country bet on election results and cricket matches.