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Election, Rajasthan

Rajasthan Assembly Elections 2018: When the Satta Bazar predictions went wrong

The Assembly Elections in Rajasthan are hours away and the market speculators have decided to back Congress to come out as victors. If the punters of Rajasthan’s Shekhawati Satta Bazar are to be believed, the chances of BJP forming the government in the state are near to nil.

But there is a caveat. In the past few elections, the speculators at the Shekhawati Satta Bazar have failed to make correct predictions. The Bazar unsuccessfully predicted the win of Hillary Clinton in the 2016 US Presidential Elections.

In the last elections, the Shekhawati Satta Bazar has failed to make the right predictions. They had predicted 165 seats for BJP in the UP elections but the saffron party won a whopping 325 instead. Similarly, unsuccessful predictions were made before the Punjab and Delhi Vidhan Sabha Elections.

According to the market speculators, Congress is currently on a march to win 125 seats in the state with 200 assembly seats. If you bet 1 Rupee on BJP winning 90 seats and it does happen, the punters will provide you with 11 Rupees. The more the speculators offer for a particular win, the less are the chances for that to happen.

Rajasthan has been a swing state since the BJP won for the second time in succession under the leadership of Bhairon Singh Shekhawat in 1993. Since then, the two parties of Congress and BJP have alternatively been ruling the state.

The election in the state is set to take place on Friday the 7th of December, while the vote counting will start on 11 December.

Satta Bazar backs Congress win in Rajasthan Assembly Elections
Satta Bazar bets on Congress in Madhya Pradesh

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