How does Phalodi Satta Bazaar predict election results? Check its previous inaccurate predictions

Phalodi is a small village in Rajasthan and betting has prevailed in the small region from ancient times.

Lok Sabha Election 2024, India, Trending, Phalodi Satta Bazaar, Phalodi Satta Bazaar Predictions, Phalodi Satta Bazaar Wrong Predictiins, Phalodi Satta Market Lok Sabha Electoons 2024 Predictions, Phalodi Satta Market Inaccurate Predictions, How Phalodi Satta Predicts- True Scoop

With a few days to for the final phase of voting in Lok Sabha Elections 2024, the betting market around the world is on fire and people are shedding loads of money on their favourite political parties. Talking about the betting market, Phalodi Satta Bazaar in Rajasthan is one of the most famous and also ancient ones. While betting is illegal in India, Phalodi Satta Bazaar still prevails in the underground world of the Rajasthan village. For the unversed, Phalodi is a small village in Rajasthan and betting prevails in the small region. Recently, after the completion of phase 6 voting, Phalodi Satta Market predicted that BJP will win less than 300 seats and the Congress' seat share will increase nationally. However, Phalodi Betting Market pointed out that despite this, Prime Minister Narendra Modi will return to power. 

Now, the question arises how accurate are Phalodi Satta Market Predictions and how does the betting even reach such conclusions? Below is everything you need to know- 

How does Phalodi Satta Bazaar predict election results?

A news portal quoted a bookie of Phalodi Satta Bazaar who explained, "We have people from Bihar, UP, Kolkata, and almost everywhere. They provide us information on how various caste equations work. We open the market with rates decided by us at 10 am daily. The market is open till 5 pm but by then we would have done business worth crores. People phone in and bet. If they win, money is deposited in their accounts through some mobile wallets. We get calls from all kinds of people. They may be MLAs, MPs, or Chief Ministers. The Phalodi market is known for its accuracy, and therefore, we are in demand."

Now, the question arises how accurate is Phalodi Satta Bazaar's prediction? Well, Phalodi's predictions are not always accurate. For instance, in the previous years, Phalodi Satta Market had predicted that Congress will win in Madhya Pradesh with 150 to 160 seats, in Rajasthan, the INC will win 120 to 130 seats, in Chhattisgarh the grand old party will win 75 to 80 seats, while in Telangana, Congress will win 65 to 72 seats. 

However, after the results were declared, Phalodi Satta Bazaar's prediction fell flat. 

Congress won state elections only in Telangana. Congress along with its ally Communist Party of India (CPI) won a majority with 65 seats against the incumbent Bharat Rashtra Samithi (BRS)'s 39 seats. However, in Madhya Pradesh, the BJP won 163 seats, in Rajasthan, the BJP won 115 seats and in Chhattisgarh, BJP won 54 out of 90 seats. 

Therefore, it can be said that Phalodi Satta Bazaar's prediction doesn't need to always come true. 

(Note: The information given here has been given through newspapers, media reports, and experts in betting markets. Our objective is not to encourage betting in any way.)

View post on Twitter