IndiaToday.in | Written by Bijin Jose
New Delhi, December 15, 2017 | UPDATED 23:11 IST
Punters on Gujarat polls have predicted 100-103 seats for the BJP in its sixth consecutive victory in the state, while they tip Congress to gain 78-100 seats.
Exit polls have exited and it's all over to the results of the Gujarat Assembly Election 2017 on December 18. But there's still another narrative getting scripted - in the betting market which has a different set of numbers altogether.
Punters on Gujarat polls have predicted 100-103 seats for the BJP in its sixth consecutive victory in the state, while they tip Congress to gain 78-100 seats.
There is a 35/45 odds scenario of the outcome according to the betting market. This means if BJP gets 103+ seats than bookies will get Rs 35,000 surplus on a hedge bet of Rs 1 lakh and if the seats are less than 100 than Rs 1 lakh will be dissolved.
Similarly if Congress, which is predicted to get 76-78 seats, gets 78 + the bookies will get Rs 35,000 on Rs 1 lakh.
Incidentally, based on Thursday's exit polls the pricing in the betting market was vying on 92-94 seats for BJP and 90-92 seats for Congress.
Sources had earlier indicated that nearly Rs 600 crore was riding on the high-stakes Gujarat Assembly election. Several reports have suggested that earlier the rates were divided into three segments - Rs 1.50 for 110 seats, Rs 3.50 for 125, and Rs 7 for 150 seats.
In all likelihood, the punters' prediction is turning towards the right. However, skepticism pervades in the betting market as their in-depth analysis during the Uttar Pradesh Assembly election 2017 went awry after BJP had a clean sweep.
The punters had predicted a 190 to 200 seats for the BJP which went on to secure 225 seats in the election stunning the betting market.
Beyond Gujarat, bookies also predict a sweeping victory for BJP in the hill-state of Himachal Pradesh.
INDIA TODAY AXIS-MY INDIA EXIT POLLS
On Thursday, India Today Axis-My India exit polls predicted an astounding victory for the BJP in both Gujarat and Himachal Pradesh Assemblies.
According to the exit poll projection, the BJP is all set to form the government in Gujarat for the sixth time with 99-113 seats. The Congress, which renewed itself under 
Rahul Gandhi's newly-found vigour, is likely to get 68-82 seats.
In Himachal Pradesh, BJP is set to wrest power from Congress in a landslide win. Out of the 68 seats, BJP is predicted to win 47-55 seats.
VIDEO | Gujarat Assembly elections: Results of the India Today Axis-My India exit poll 2017
