By Admin 
As the election atmosphere heats up, illegal betting markets also become active in many parts of the country. This is an informal betting system, where people place money on the victory or defeat of political parties and candidates. The country is waiting for the election results of 5 states.
In Assam and West Bengal, most of the exit polls seem to be giving victory to BJP, while on the other hand, in Tamil Nadu, all eyes are on TVK, but what does the betting market say? On which party is the betting market placing its bets? The betting market of Mumbai is completely hot before the results of the assembly elections of five states. The latest sentiments and estimates are giving such signals which can shake the political equations.
Signs of crisis in Mamta didi’s chair
West Bengal is considered to be the biggest contest, where the total seats are 294 and the majority figure is 148. In such a situation, it is being estimated that BJP may get 175-185 seats, this is not only much more than the majority, but BJP seems to be creating history in Bengal. On the other hand, Mamata led TMC seems to be shrinking to 127-132 seats. Others (Congress, CPIM, ISF) seem to be in single digits. This time in Mumbai’s betting market, more trust is being expressed on West Bengal opposition leader and BJP candidate Suvendu Adhikari than Mamata Banerjee.
DMK’s strong comeback this time
According to the estimates of Mumbai betting market, DMK seems to be making a strong comeback this time in Tamil Nadu. There are a total of 234 assembly seats in the state. In such a situation, DMK is likely to get 145-155 seats and AIADMK seems to be shrinking to 45-65 seats. Whereas actor Vijay’s party TVK is likely to win 7-9 seats. According to the trend, MK Stalin is leading, while the graph of AIADMK seems to be falling.
BJP’s dominance in Assam
BJP’s dominance seems to be intact in Assam. Out of total 126 seats, BJP is seen winning 85-92 seats and Congress only 34-38 seats. There is a close contest in Puducherry. According to estimates, out of total 30 seats, NDA is seen winning 15-18 seats and India Block 14-17 seats.
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Signs of UDF’s comeback in Kerala, LDF behind
In Kerala with 140 seats, it is estimated that this time also UDF will return to power and the party is likely to get 78-85 seats, while LDF is seen winning 56-66 seats while BJP can also win 2-3 seats.
How does betting market work?
In this betting market of Mumbai, rates or prices are decided on the basis of the prospects of any party or candidate. The party which is considered strong gets a lower rate, while the party which is considered weak gets a higher rate. The betting market usually operates through a network of local bookies, who take bets over phone, WhatsApp and other means. These rates keep fluctuating continuously according to surveys, exit polls, rallies and political developments.
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