BJP has launched its ‘Modi Ka Parivar' campaign to capitalise on the public sentiment in Lok Sabha elections. Satta markets across the country immediately reacted to it giving decisive lead to ‘Parivar' in their preliminary bets.
The Phalodi satta market, known for its accurate reflection of public opinion, too has foreseen the return of Narendra Modi and the BJP, surpassing their previous majority mark.
The satta market, merely 24 hours after prominent leaders and party workers adopted ‘Modi Ka Parivar' on their social media profiles, projects a seat count nearing the ambitious target of 400 seats set by Prime Minister Modi himself. Analysts suggest that this movement will propel PM Modi's campaign against dynastic politics to new heights, reminiscent of the successful transformation of Rahul Gandhi's ‘Chowkidar Chor Hai‘ jibe into the widespread ‘Main Bhi Chowkidar' movement in 2019.
Political commentator Sanjay Tyagi highlights the BJP's proactive and strategic approach, likening it to that of a dynamic corporate entity capable of swift action. “BJP's agility is their strongest asset. The party works like a big corporate which acts in no time and knows when to reach the zenith,” Tyagi says.
As the curtains rise on the 2024 election season, the Phalodi market speculates that the BJP could secure anywhere between 326 to 329 seats in the Lok Sabha. Betting enthusiasts are evenly split on this range, with equal bets being placed. This means that for every rupee wagered, an additional rupee will be gained if the BJP secures seats within this bracket. Furthermore, the market offers escalating returns based on seat count, with projections ranging from 350 to a monumental 400 seats for the BJP.
If BJP wins 350 seats, bettors will get Rs 3 for one rupee and if BJP wins 375 seats, bettors will get Rs 7 for one rupee. On winning 400 seats, market return will be Rs 15 for Rs 1. According to betting market, Congress may get only 43 to 46 seats in Lok Sabha 2024.
Senior journalist Lalit Parihar, a keen observer of the Phalodi betting market, emphasises that these initial forecasts are contingent upon the prevailing narrative shaped by both the BJP and opposition parties' campaigns.
He says, “Betting prices have been decided on this basis only. The speculative nature of the market is subject to fluctuations as the election landscape evolves and it will continue till the election results are announced.” Parihar cautions that while speculators aim for financial gains, their predictions are often aligned with prevailing sentiments.
The unfolding dynamics of the electoral arena will undoubtedly shape the trajectory of the upcoming elections. However, for now, the BJP appears to be dictating the narrative, with ‘Modi Ka Parivar' at the forefront of their strategy.
Ram Kumar Kaushik is a seasoned journalist with over 25 years of experience across mediums. The architect of this news website, he is also a consultant with several media groups. He was formerly the group managing editor of ITV Network (NewsX, India News and The Sunday Guardian) and its digital products.
