How Phalodi Satta Bazaar attempts to predict Lok Sabha election outcomes (2024)

Synopsis

With the final phase of Lok Sabha polls underway, Phalodi Satta Bazar in Rajasthan updated its predictions for the BJP-led NDA and the Opposition's INDIA bloc. Known for its accuracy in predicting election outcomes, the market sees fluctuating betting rates influenced by candidate popularity, voter turnout, and caste dynamics. The market operates through predictions and bets, using terms like 'khana' and 'lagana'. This grey market's predictions have become a popular gauge amid the absence of official opinion polls.

How Phalodi Satta Bazaar attempts to predict Lok Sabha election outcomes (1)Agencies

A day before the final phase of polling in the Lok Sabha elections, the Phalodi Satta Bazar in Rajasthan has updated its estimates for the ruling Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) and the Opposition's INDIA bloc. This grey market has become a popular gauge for people amid the absence of official opinion or exit polls.

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Phalodi Satta Bazaar's History of Accurate Predictions

The Phalodi Satta Bazaar has a track record of precise predictions, whether in elections, cricket matches, or weather forecasts. Despite a lower voter turnout in Uttar Pradesh, the BJP is still expected to win between 62 and 65 out of 80 seats. Various reports and predictions from the Phalodi Satta Bazaar suggest that the BJP aims to sweep all 80 Lok Sabha seats in UP, with a potential overall victory of 335 to 340 seats.


Factors Influencing Betting Rates

The betting rates in the Satta Bazaar fluctuate based on several factors, including candidate popularity, caste-based support, voter turnout at election campaign rallies, and party strength. The current rates reflect the numbers after six voting phases, with one more remaining. These rates are subject to change as voting progresses.

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How Phalodi Satta Market Operates

Phalodi Satta Bazar operates by making predictions on election outcomes, which can include whether a party will give a ticket to a particular candidate, the number of seats a party will win, and who will become the chief minister or prime minister. The betting rates fluctuate hourly based on changing conditions.

Terms and Mechanisms
The market uses two main terms: ‘khana’ and ‘lagana’. 'Khana' refers to bets with slim chances of winning, while 'lagana' denotes bets with a higher likelihood of success. Local participants do not need to deposit money due to personal trust with bookies, while outsiders are required to deposit cash, often through digital transactions.

Information and Accuracy
Bookies at Phalodi analyze voter mood and election trends using information from across India, including Bihar, UP, and Kolkata. "We have people from almost everywhere who provide us with information on caste equations and voter behavior," a bookie revealed in a TOI report. The market opens at 10 am and closes at 5 pm, handling crores in business daily. Bets are placed via phone, with winnings deposited through mobile wallets.

The market’s reputed accuracy is attributed to analysis backed by media reports and local insights from various regions. This fabled precision has made Phalodi Satta Bazar a popular reference point during elections.

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( Originally published on May 31, 2024 )

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How Phalodi Satta Bazaar attempts to predict Lok Sabha election outcomes (2024)

FAQs

How Phalodi Satta Bazaar attempts to predict Lok Sabha election outcomes? ›

Phalodi Satta Bazar operates by making predictions on election outcomes, which can include whether a party will give a ticket to a particular candidate, the number of seats a party will win, and who will become the chief minister or prime minister. The betting rates fluctuate hourly based on changing conditions.

How accurate is Phalodi Satta Bazar? ›

The Rajasthan's Phalodi Satta Bazar, a reliable predictor of election outcomes, failed to predict the BJP's underperformance in the Lok Sabha elections. The betting market predicted the BJP to secure between 303 and 306 seats, while Congress was expected to win 61 to 63 seats.

What is Phalodi Satta Bazaar? ›

Synopsis. The small town of Phalodi in Rajasthan has gained national attention for its underground satta market, particularly for predicting election results. With a history rooted in betting on rains and cricket, Phalodi has now become a barometer for poll results in India.

Which is the famous Satta Bazar in India? ›

The Phalodi Satta Bazaar is a long-established betting market where wagers are placed on various events, including all Lok Sabha seats during the elections. The betting rates in the Satta Bazaar fluctuate based on multiple factors, including candidate popularity, campaign rallies, and party strength.

What is the meaning of Phalodi? ›

Phalodi is a city in Phalodi district in the Indian state of Rajasthan. It is the headquarters for Phalodi district. Phalodi is also called the "salt city" due to the salt industry in Rin.

Why Satta is illegal in India? ›

No, online Satta Matka is not legal in India. Satta Matka is a form of gambling that is prohibited under the Public Gambling Act of 1867 in India. While the law does not specifically mention online gambling, it is generally interpreted as applying to all forms of gambling, including online.

What is Phalodi Rajasthan famous for? ›

Phalodi, Jodhpur Overview

Its proximity from other tourist destinations like Bikaner, Jaisalmer, Jodhpur etc. also make it a tourism hub in Rajasthan. The town is famous for its salt industries and its extreme temperature. Therefore, is also known as Salt City.

What is the prediction of Phalodi for BJP? ›

Several reports and predictions of Phalodi Satta Bazaar indicate that the BJP aims to capture all 80 Lok Sabha seats in UP, with a probability of winning 335 to 340 seats overall. Disclaimer: Satta Bazaar's prediction is based on speculative numbers.

What do you mean by Satta Matta Matka? ›

NEW DELHI: Satta Matka is a form of gambling or lottery that had originated before the Independence of India. Originally, the game of Matka gambling involved betting on the opening and closing rates of cotton as transmitted to the Bombay Cotton Exchange from the New York Cotton Exchange, via teleprinters.

What was the purpose of satta? ›

Matka gambling or satta is a form of betting and lottery which originally involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange.

When was satta started in India? ›

Satta Matka, Matka gambling or satta was a full-fledged lottery game that started in the 1950s just after India's Independence. It was then known as 'Ankada Jugar. ' It evolved with time and became completely different than what it was in the beginning, but the name 'matka' stayed.

Who is the owner of satta market? ›

Ratan Khatri is known as the founder and the king of Satta Matka.

Who is the owner of Satta King in India? ›

Founders and Board of Directors of Satta King

Kalyanji Bhagat, Founder, is a founder of 1 company. Ratan Khatri, Founder, is a founder of 1 company.

Is Satta a gamble? ›

Satta Matka is a popular gambling game that originated in India. The game is said to have been founded by a man named Ratan Khatri. Which is the best Satta King? One of the best Games Satta King, often referred to as "Satta King Game," is a popular gambling game originating in India.

What is Matka market? ›

The Satta Matka market operates as a form of lottery system where participants place wagers on numbers. It originally began in the 1960s, revolving around the opening and closing rates of cotton traded on the New York Cotton Exchange.

What are the types of Satta? ›

Types of Satta Matka Bazar
  • Dhanlaxmi Night.
  • Kuber Balaji.
  • Main ratan.
  • Balaji Day.
  • Kalyan Starline.
  • Dubai Starline.
  • Kalyan.
  • Milan Night.

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