Satta Bazar Says No BJP majority in Jharkhand or J&K,Bookies see hung assemblies in Jammu & Kashmir, Jharkhand; BJP seen making major inroads, Jharkhand, J&K assembly election
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- Category: National Political News
- Last Updated: Thursday, 22 January 2015 21:14
Bookies see hung assemblies in Jammu & Kashmir, Jharkhand; BJP seen making major inroads
MUMBAI: Bookies, it seems, are expecting hung assemblies in Jammu & Kashmir and Jharkhand, the two states where elections are happening in the current round. But if the trend in the illegal Satta Bazzar is anything to go by, the BJP is set to make major inroads in the Himalayan state and im-prove its tally in the east.
Bookies in Mumbai and Delhi have predicted the outcome of the April-May national elections with accuracy. They have been accurate on last month's Maharashtra polls, too.
|
Odd number J&K (Fight for 87 seats. 44 required to form Govt) |
|
|
BJP seats |
Odds |
|
20 |
70 Paise |
|
25 |
58 Paise |
|
30 |
1.10 rupees |
|
35 |
2.25 Rupees |
|
40 |
5.50 Rupees |
|
Odd number Jharkhand (Fight for 81 seats. 41 required to form Govt) |
|
|
BJP seats |
Odds |
|
25 |
30 Paise |
|
30 |
68 Paise |
|
35 |
1.4 rupees |
|
40 |
3 Rupees |
The odds of the BJP winning 25 seats in the J&K assembly are 0.58:1 - that means, bookies are willing to pay 58 paise for each rupee bet on the BJP winning 25 seats, two members from sepa-rate betting syndicates in Delhi said. They will pay 70 paise on accurate bets of the party winning 20 seats and Rs 1.10 if it gets 30. If the bet is for 35 berths in the 87-member assembly, and that turns out to be the outcome, one rupee will earn Rs 2.25 for those who predicted it accurately. As the returns increase, the chances of winning reduce.
Based on the odds, the People's Democratic Party will likely emerge as main opponent for the BJP. For each rupee, bookies offer 20 paise for the party winning 20 seats. Those betting for the party winning 40 seats will get Rs 6 if the outcome matches. Based on current odds, the mostly likely scenario for the ruling National Conference is five seats, compared with 28 last time. The Congress, which has 17 MLAs now, may even return blank.
For the BJP, which has 11 members in the outgoing assembly, even getting 25 seats will be a big again, though that won't take anywhere near meeting its 44+ target. Its aim is to win most of seats in Jammu and Ladakh regions, which together send 41 MLAs to the assembly. Some bookies expect the Narendra Modi wave to help the party win some seats in the Kashmir valley too.
"Higher vote for the BJP in Hindu dominated Jammu is a given, but surprisingly for the first time, even Muslim youths in the valley are attracted to BJP," said a bookie.
sr:economicstimes