Lok Sabha Election 2024: Rajasthan's famous Satta Bazaar is betting on further decline of this party
Produced by: Tarun Mishra
Phalodi Satta Bazaar Prediction Gains Attention
As the Lok Sabha election results date nears, Rajasthan's Phalodi Satta Bazaar has gained attention for its predictive betting assessments.
Voting Phases Completed
With five phases of voting completed and two phases remaining, speculation is high on which party will secure a majority.
BJP’s Predicted Performance
The betting market suggests a strong performance for the BJP, predicting they will win approximately 300 seats as of May 13, 2024.
Congress’s Predicted Outcome
In contrast, the Congress is projected to secure only 40-42 seats, a decline from their 52 seats in the 2019 elections. The remaining seats are expected to be distributed among other parties.
Uttar Pradesh Focus
Despite a lower voter turnout in Uttar Pradesh, the BJP is anticipated to win between 62 and 65 out of 80 seats.
Historical Betting Market Predictions
Previously, the BJP claimed they would win over 400 seats due to the Ram Temple construction. However, the Phalodi Satta Bazaar had estimated around 320 seats for the BJP at that time.
Market Dynamics and Changing Prices
Betting rates in the Satta Bazaar fluctuate based on candidate popularity, campaign rallies, and party strength. The current rates reflect the scenario after five phases of voting, with two more phases remaining.
Current Market Rates in Phalodi
- **BJP:** - 316-319 seats - 300 seats: 30-37 paise - 310 seats: 55-65 paise - 320 seats: 110-160 paise - 325 seats: 150-225 paise - **Congress:** - 45-47 seats - 35 seats: 28-35 paise - 40 seats: 35-45 paise - 50 seats: 130-200 paise