Poll punters warm up to AAP prospects, BJP slips somewhat
3 Feb 2015 6:26 AM IST
According to a source, the speculation on BJP has dipped somewhat to 38-39 seats on Monday from
42-43 the previous week.
Prior to January 25, it was pegged at 45-46. Whereas for AAP, the speculation soared to 28-29 on Monday from 23-24 in the previous week. Prior to January 25, it stood at a modest 18-20 seats for AAP. Punters are curiously steering clear of hedging bets on the Congress, up from zero prior to January 25, it climbed marginally to 5-6 in a week. On Monday, it dropped to 3-4.
Betting on speculated seats comes under ‘spread betting’, which is wildly popular in USA and UK. Under this system, the one who wants to bet has two options. For instance, if one wants to bet on AAP, the person has to ‘note’ 28 or 29 with the bookie. If he notes 28, it means he wins if AAP gets 28 seats or anything below that. If not, the bookie takes all. If the person notes 29, he wins for 29 seats and above. For anything less than that, the bookie wins.
This system is applicable to all parties. Now, the return or risk associated with the ‘spread’ is determined by the rate in conventional Chief Ministerial candidate system. In this mode,the bet on Kiran Bedi was 1:1.36 and on Kejriwal it was 1:2.25 till Sunday.
The conventional betting system is a win-lose system. Suppose one places a bet on Kejriwal, he wins 2,25,000 if Kejriwal becomes Chief Minister. If not, he has to pay the bookie Rs 1 lakh.
There was no bet on Ajay Maken as Chief Minister till Sunday. But bookies are now mulling over opening up bets on Maken because people have started betting on the seat speculation mode (spread) on Congress and a rate is yet to be set, said the source. He further said, bookies in Noida and Gurgaon have set their minimum betting amount at Rs 50,000. However, options below that are still available with Delhi bookies.
42-43 the previous week.
Prior to January 25, it was pegged at 45-46. Whereas for AAP, the speculation soared to 28-29 on Monday from 23-24 in the previous week. Prior to January 25, it stood at a modest 18-20 seats for AAP. Punters are curiously steering clear of hedging bets on the Congress, up from zero prior to January 25, it climbed marginally to 5-6 in a week. On Monday, it dropped to 3-4.
Betting on speculated seats comes under ‘spread betting’, which is wildly popular in USA and UK. Under this system, the one who wants to bet has two options. For instance, if one wants to bet on AAP, the person has to ‘note’ 28 or 29 with the bookie. If he notes 28, it means he wins if AAP gets 28 seats or anything below that. If not, the bookie takes all. If the person notes 29, he wins for 29 seats and above. For anything less than that, the bookie wins.
This system is applicable to all parties. Now, the return or risk associated with the ‘spread’ is determined by the rate in conventional Chief Ministerial candidate system. In this mode,the bet on Kiran Bedi was 1:1.36 and on Kejriwal it was 1:2.25 till Sunday.
The conventional betting system is a win-lose system. Suppose one places a bet on Kejriwal, he wins 2,25,000 if Kejriwal becomes Chief Minister. If not, he has to pay the bookie Rs 1 lakh.
There was no bet on Ajay Maken as Chief Minister till Sunday. But bookies are now mulling over opening up bets on Maken because people have started betting on the seat speculation mode (spread) on Congress and a rate is yet to be set, said the source. He further said, bookies in Noida and Gurgaon have set their minimum betting amount at Rs 50,000. However, options below that are still available with Delhi bookies.
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