AP Elections - Betting Reaches New High
Tension is rising among the gamblers who have placed large bets on the results of the elections as the high-stakes polling on Monday, which is expected to determine the destiny of the telugu Desam Party, led by N Chandrababu Naidu, and the congress PARTY' target='_blank' title='ysr congress-Latest Updates, Photos, Videos are a click away, CLICK NOW">ysr congress party, led by Y S jagan Mohan reddy in andhra pradesh, takes place.
Unofficial estimates have the total amount wagered on who would form the next andhra pradesh government at about Rs 5,000 crore. The question is whether jagan will win reelection for a second term or whether Naidu will win the seat after a five-year absence. "Stakes are high for Naidu, who is facing several obstacles in his quest for power. The bettors will profit greatly if he returns to power. Regaining power would reduce the risk, according to sources.
In addition to wagering mostly on the general election result, gamblers have also placed bets on important parliamentary seats such as Kuppam, Mangalagiri, pithapuram, Undi, Viskahapatnam, and Vijayawada.
Huge sums of money are reportedly on the line in the kadapa parliamentary seat as well, where YSRCP candidate y s avinash reddy is facing off against Jagan's sister, Y Sharmila, who is running on the congress ticket.
Unofficial estimates have the total amount wagered on who would form the next andhra pradesh government at about Rs 5,000 crore. The question is whether jagan will win reelection for a second term or whether Naidu will win the seat after a five-year absence. "Stakes are high for Naidu, who is facing several obstacles in his quest for power. The bettors will profit greatly if he returns to power. Regaining power would reduce the risk, according to sources.
In addition to wagering mostly on the general election result, gamblers have also placed bets on important parliamentary seats such as Kuppam, Mangalagiri, pithapuram, Undi, Viskahapatnam, and Vijayawada.
Huge sums of money are reportedly on the line in the kadapa parliamentary seat as well, where YSRCP candidate y s avinash reddy is facing off against Jagan's sister, Y Sharmila, who is running on the congress ticket.
Sources claim that bets ranging from Rs 1 lakh to Rs 50 lakh are being made on a number of variables, including Pawan Kalyan's poll performance in the pithapuram section and chief minister YS jagan Mohan Reddy's majority in the pulivendula constituency.
Along with brothers Kesineni srinivas and Kesineni Sivanath from the vijayawada Lok Sabha segments, bettors have also placed large bets on the winning chances of Kodali Sri Venkateswara Rao (Nani) from Gudivada, Vellampalli Srinivasa Rao, bonda Umamaheshwara Rao from vijayawada Central, and others.
Along with brothers Kesineni srinivas and Kesineni Sivanath from the vijayawada Lok Sabha segments, bettors have also placed large bets on the winning chances of Kodali Sri Venkateswara Rao (Nani) from Gudivada, Vellampalli Srinivasa Rao, bonda Umamaheshwara Rao from vijayawada Central, and others.
It's interesting to note that the voting results for Bhimavaram, Amalapuram, Narsapuram, Undi, Kakinada, Achanta, Tadepalligudem, Tanuku, Vizag, Tekkali, and rajamahendravaram are allegedly being bet heavily on by aqua traders, businesspeople, and NRIs from the Godavari districts.
How much money is exchanged at the end of Monday's polling day is yet unknown.
How much money is exchanged at the end of Monday's polling day is yet unknown.