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.
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.