Business Standard

Delhi bookies bet on BJP, find AAP too 'risky'

The bookies have priced the BJP the lowest at 2.25 paise and the Congress, despite the anti-incumbency factor, at 2.40 paise as a close second

Flags of different political parties
Related News

The (AAP) may have been touted as a dark horse in by several opinion polls, but the capital's bookies don't seem to be much impressed. Instead, they are betting big on the to win the Dec 4 assembly polls.

The bookies have priced the (BJP) the lowest at 2.25 paise and the Congress, despite the anti-incumbency factor, at 2.40 paise as a close second. The AAP at 3.40 paise is the least likely to win in Delhi and therefore the "most risky" to bet on, a leading bookie told IANS on condition of anonymity.

Explaining the rates, the bookie said that the lower a political party was priced the more favoured it was to win. However, betting on it would mean lower profits.

"If you bet, say Rs.1 lakh on BJP and it wins you will get Rs 2.25 lakh because of its rate. Similarly the profit on Congress would be Rs.2.4 lakh and on AAP it would be Rs.3.4 lakh," said the bookie.

"It's all about how much risk you are willing to take. Most of the people make multiple bets in a way that if they lose their money on one bet they recover it from the other," he added.

According to another bookie, bets opened in the first week of November, but the rates may fluctuate as polling day comes closer due to last-minute political developments.

"Bets of thousands of crores of rupees have already been made on the three parties and the figure is expected to rise substantially as we near the poll date," said the bookie.

In betting circles, a person who makes the bets is called a punter while the one who receives them is called a bookie. Betting is illegal in India. Police usually arrest a person - a bookie or a punter - under Sec 420 (cheating) of the Indian Penal Code. It is a non-bailable offence and a person can be jailed for seven or more years if proven guilty of the crime.

Apart from the political parties, bets are also being accepted on which candidate would win from which constituency in Delhi. Of the 70 constituencies in Delhi, the bookies are getting the maximum bets on some particular ones which are expected to see a tough fight.

"The assembly seat will see an interesting fight between Kejriwal (AAP chief), Sheila Dikshit (Delhi chief minister) and Vijender Gupta (BJP leader)," said another bookie. "Their rates have not been declared yet."

"If a candidate dies or fails to contest election due to any reason, the rates get changed," he added.

Meanwhile, the police are keeping a close vigil on 30 bookies including some women from all over Delhi especially in areas like Ambedkar Nagar, Neb Sarai and Mehrauli in south Delhi, Nabi Karim and Chandni Chowk in the old city and Seelampur and Geeta Colony in east Delhi.

According to Additional Commissioner of Police Ravindra Yadav, bookies and punters in the capital are under surveillance and the police are waiting for them to make a move.

"We are alert and are keeping a tab on their activities. If anyone is found indulging in betting activity, action would be taken," Yadav told IANS.

In addition, some police teams are also on the lookout for bookies and punters residing in the national capital region.

"There are some people who operate from the NCR and we are monitoring them," said a police official who has arrested several bookies in the past.

"They don't call each other much and use code words when they speak on the phone," he added.

(Alok Singh can be contacted at alok.s@ians.in)

Read more on:   
|
|
|
|

Read More

Women voters to play key role in Mizoram polls

Women voters will play a key role in the Nov 25 assembly elections in Mizoram, the only state in India where women voters outnumber men.

Columnists Rss icon

Mr Modi, first tell your officials to stop harassing NRIs
Subroto Chatterjee

A clean energy advocate recounts his harrowing experience at the hands of Indian immigration officials

Ajit Balakrishnan

Ajit Balakrishnan: The right to be forgotten
Ajit Balakrishnan

On the new dimensions in the battle for online privacy

Editorial Comment Rss icon

Global slowdown presents mixed bag for India

How a global slowdown could help, and hurt, India

High-flyers struggle

The information technology outlook has just lost some sheen

TWEETS @ POLITICS
@SinghRPN
Congratulations to Indian child rights activist Kailash Satyarthi and Pakistan's Malala for the Nobel Peace prize. A huge honour
@milinddeora
Will India emulate soon? :-) “@anilkumble1074: Did you know the next Indonesian pres is a metalhead who likes Megadeth, Metallica, Led Zep?”
@digvijaya_28
Read Amol Palekar's article on Maharashtra Elections. Needs courage to own up for voting NOTA ! But what he wrote makes sense. Kudos to him.
@thekiranbedi
(Good speaker leaves people hungry+ for more) "When I speak, am not giving a teaching. Am only making people thirsty to know" @SadhguruJV
@ajaymaken
RT @ANI_news: It is for BJP to decide whether they want alliance with 'Hafta Vasooli' party or Naturally corrupt party .....: Ajay Maken
@MPNaveenJindal
RT @yuvadesh: On Police Commemoration Day,we pay our tributes to all Police officers who have sacrificed their lives for the Nation http://…
@Panda_Jay
My Twitter handle changed yesterday to @PandaJay 😊, please follow that..
@ShashiTharoor
Good piece by Jhimli Mukherjee Pandey on my literary visit to (&memories of) Kolkata: http://t.co/VKUy8eVslj
@Swamy39
Will be on NDTV taped for tomorrow 8 pm We the people
@narendramodi
Will be in Srinagar on Diwali, 23rd October & will spend the day with our sisters & brothers affected by the unfortunate floods.
@abdullah_omar
So Pervez Musharaf believes Kashmir needs to be incited at regular intervals. What happened to this being "an indigenous struggle for azadi"
@varungandhi80
RT @IshitaYadav: Need AB- FFP blood VERY urgently at Safdarjung Hospital, Delhi. Please contact +91 99-53-456676 in case you're willing to …
@ArvindKejriwal
RT @AAPInNews: Youth writes a letter to AAP chief @ArvindKejriwal - Oneindia Hindi - http://t.co/tIKnbGaOwX #KejriwalFirSe http://t.co/YnZc
@PMOIndia
The PM concludes his speech.
@rajeev_mp
RT @madhutrehan: Newslaundry – NDTV Pulls Down Former Navy Chief’s ‘Explosive’ Interview: http://t.co/ekFytHOW5p
@quizderek
RT @neetakolhatkar: BJP's gunning for Mamata..now they use NIA..Stoke fires too..and see the media! Patterns..patterns..!
@
#OscarPistorius sentenced to five years in jail for killing Reeva Steenkamp http://t.co/bZWD84V37o http://t.co/kNZtiyKp4U
@SushmaSwaraj
करवा चौथ की शुभ कामनायें I Good wishes on Karva Chauth.
@arunjaitley
The results in Maharashtra and Haryana is a reaffirmation of faith in the leadership of Shri Narendra Modi and his governance.
@MVENKAIAHNAIDU
On Police Çommemoration Day I salute our Police Forces for their spirit of Sacrifice and putting duty above themselves in all circumstances
@nitin_gadkari
Held the review meeting with the Lt.Governor of Delhi Najeeb Jung regarding registration of E-rickshaw http://t.co/bTYqUiaagU
@DVSBJP
RT @RailMinIndia: Shri @DVSBJP visited Ranchi yesterday & inspected Ranchi Railway Station. Also interacted with the people there. http://t
@umasribharti
चन्‍द्रशेखर राव को बधाई. तेलंगाना राज्‍य का मेरा संकल्‍प एवं सपना पूरा, तेलंगाना की नदियों का ध्‍यान रखेंगें.
@AnanthKumar_BJP
RT @PIB_India: Min. Shri @AnanthKumar_BJP opens 89 branches in South India, at 89th Foundation Day celeb. of Syndicate Bank. http://t.co/Kc
@smritiirani
RT @narendramodi: 'Why Clean India' picture. http://t.co/r4PtsxqbZC
@drharshvardhan
Was happy to be at Press Club of India today among my journalist friends @Diwali mela.Loved the health friendly snacks.Look forward to more.
@Gen_VKSingh
Happy Dhanteras!! http://t.co/y0TqCKLvCr
@Rao_InderjitS
Wishing you all a very happy Dhanteras!
@nsitharaman
http://t.co/eEJxLIfNxW @CimGOI
@RSSorg
अपना व्यक्तिगत-राष्ट्रीय जीवन हिंदुत्व के आलोक में शुचिता, अनुशासन एवं कर्तव्यबोध के प्रकाश से आलोकित हो शुभ दीपावली | डा. मोहन भागवत

Back to Top