Tuesday, April 29, 2014

"Rahul Gandhi is not a running item any more"

On the eve of the April 30th ballot, the bookies have closed their books on the dynasty. Enough said.

As May 16 nears, leading bookies in Rajkot, Indore and Ahmedabad have stopped offering bets on Rahul Gandhi as the next prime minister of India, suggesting that the Congress VP does not stand much of a chance to move into 7 Race Course Road after the Lok Sabha poll results are out in mid-May.  Even a month ago, some bookies were offering odds of about Rs 6-7 for Gandhi to be the PM, while the rate for Arvind Kejriwal, the founder of Aam Aadmi Party, was about Rs 500-525.

In contrast to Rahul Gandhi, the rate for Narendra Modi, the BJP candidate for the PM post, is 45 paise, nearly unchanged from what the rate was about a month ago. This means if one bets Rs 100 on Modi to assume the coveted office in Delhi's South Block, and he actually becomes the PM after May 16, one would get Rs 145.

"Rahul Gandhi is not a running item any more," said a person who is aware of the rates. According to the person, the rates in other parts of the country would differ by 1-2 paise, and not much.

In the Rajkot-Indore circles, the rates for the NDA coming to power is 44 paise. The rates for the BJP, which led the alliance that ruled the country from 1999-2004, getting 200 Lok Sabha seats is 46 paise and 58 paise for 250 seats.  
This rate has slightly changed what was offered about 10 days ago, — 50 paise to 75 paise for the BJP getting 250 seats — indicating the party has a lower chance of getting to that level.

Bookies are also betting heavily about the Congress getting less than 100 Lok Sabha seats, with the rates for it getting 85-90 seats at Rs 1.60-1.70, the person related to bookies said.

Link: http://www.siasat.com/english/news/no-betting-rahul-gandhi-bookies

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