SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
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.

Recommended for you

Columnists Rss icon

Sreenivasan Jain

Sreenivasan Jain: The noise around the land acquisition law
Sreenivasan Jain

The debate over the land ordinance is best located in facts, not hyperbole

Ajai Shukla

Ajai Shukla: Needed - defence budgeting structures
Ajai Shukla

Imaginative budgeting requires a top-down approach, where strategic demands determine procurement priorities

Editorial Comment Rss icon

Reworking the financial sector

What the Budget has for banks and regulators

Wanted: a time frame

Clarity needed on the plan to reduce corporation tax

TWEETS @ POLITICS
@SinghRPN
#370 degree Uturn by BJP in J&K. Interesting how rapidly they've abandoned their core ideology for a chance at power
@milinddeora
RT @bhash: Real fun lunch with @milinddeora conversation on how Internet and mobile will change India over the coming years! http://t.co/f4
@digvijaya_28
On J&K a perfect U Turn by BJP. No one can Match BJP on U Turns and Double Speak.
@thekiranbedi
(This is has been handed down to us from our history. It will change with education+good governance) @mmdvv: Your views on #VVIP culture ?"
@ajaymaken
RT @TheRahulMehra:PM @narendramodi, former Gujarat Cric Pres, @AmitShahOffice (Pres), FM @arunjaitley (DDCA Patron), Pl hv #SwachBCCIabhiyan
@MPNaveenJindal
@prashantwa Plz get in touch with Cdr. k.V Singh from @FFOIndia . You can mail him- kvsflags@yahoo.in
@Panda_Jay
My Twitter handle changed yesterday to @PandaJay 😊, please follow that..
@ShashiTharoor
RT @PandeyJaideep: Become a #RealMan n #RespectWomen, because only beard doesn't make a difference.... @ShashiTharoor http://t.co/QucK3mrPDJ
@Swamy39
@AudaciousIndian : Yes in the future
@narendramodi
Enjoy! :) https://t.co/AhGG2mdOr2 @IndiaToday @aajtak @HeadlinesToday #MyCleanIndia
@abdullah_omar
Dear @BJP4India & @jkpdp please stop squabbling & start governing. We waited 2 months for this Govt. Perhaps you can start with portfolios.
@varungandhi80
One of the best pieces on this year's budget, by @Swamy39. http://t.co/zoWP2nYNOj
@ArvindKejriwal
I refuse to be drawn in this ugly battle.Will concentrate only on Delhi's governance.जनता के भरोसे को किसी भी हालत में टूटने नहीं दूंगा(2/2)
@PMOIndia
Here is the e-book of the 'Mann Ki Baat' programme with PM @narendramodi & President @BarackObama. http://t.co/z1K6Hf00mY
@rajeev_mp
RT @BT_India: LIVE CHAT with Rajeev Chandrasekhar, MP & tech entrepreneur at 4:30 pm today. Get your queries on the Budget answered! @rajee…
@quizderek
Rise & Shine.MPs who want to raise 'matters of urgent importance' in Zero Hour have to do so in writing by 9.30 So 7 am start helps :)
@
India needs to achieve sustained economic growth of 9%-10%: FM http://t.co/60jPwmseWV
@SushmaSwaraj
International Ramayan mela hosted by ICCR. To watch Cambodia's presentation in Bharat Bhawan Bhopal today at 8 pm.
@arunjaitley
Congratulations to people of J&K on getting a historic BJP-PDP govt. in the State. I wish the best to CM & Deputy CM for J&K's development.
@MVENKAIAHNAIDU
Pleased to note that Security & Swachhatha are getting high priority. This budget is a remarkable road map for growth of railways.
@nitin_gadkari
#SabkaBudget Despite the larger devolution & increased fiscal constraint, @arunjaitley ji has increased allocation in Infrastructure.
@DVSBJP
Interaction and visited #esteemmall #hebbal #bengaluru along with Chief engineer Highway authority and Commissioner BBMP about Skywalk
@umasribharti
चन्‍द्रशेखर राव को बधाई. तेलंगाना राज्‍य का मेरा संकल्‍प एवं सपना पूरा, तेलंगाना की नदियों का ध्‍यान रखेंगें.
@AnanthKumar_BJP
Flagging off the Spicejet Hubballi Flight @ Kempegowda international Airport Bengaluru today 1-March-2015 http://t.co/FTiyxEBmcI
@smritiirani
RT @HRDMinistry: Revision of rates of Ph.D. Scholarship in AICTE funded & Centrally Funded Technical Institutions (w.e.f 1.10.2014) http://…
@drharshvardhan
Roadmap for five years of unprecedented growth & prosperity articulated by FM Jaitley through Budget for fulfilling the dream of PM Modi.
@Gen_VKSingh
@madar08 OROP will come as promised by RM. Have patience!
@Rao_InderjitS
Tributes to the legendary freedom fighter Chandrashekhar Azad, on the occasion of his death anniversary.
@nsitharaman
National Science Day. Marks discovery of the Raman effect by Sir CVRaman on 28 February 1928. 'Science for Nation Building'-theme for 2015.
@RSSorg
सावरकरजी के जीवनकार्य के परिचायक शब्द है स्वातंत्र्य, दूसरा है अद्ययावत, अद्यतनता -Dr Bhagwat

Back to Top