Mumbai: Stakes are quite high as the Lok Sabha elections 2019 draws to a close. With May 23 fast approaching, a bookie based out of Mumbai has revealed to Zee that nearly Rs 23,000 crore is at stake for the last day of counting.

With five phases of voting already complete, the betting market has high hopes from Prime Minister Narendra Modi. According to sources, the betting market is high on the ongoing general elections instead of the Indian Premier League (IPL) this year. While the betting rate on Narendra Modi becoming the PM again is 90 paise, that on Rahul Gandhi and Mamata Banerjee is Rs 10 to Rs 5 respectively. The betting rate for other leaders like Nitin Gadkari, Sharad Pawar and others is Rs 3, Rs 3.50 and Rs 12 respectively.

According to the betting rates revealed by the bookie, BJP has strong chances to win.

Which party will come with a majority?

Bharatiya Janata Party (BJP): Rs 2

Congress: Rs 4

Others: Rs 6

NOTA: Rs 1.25

Which party will emerge as the single largest party?

BJP: 75 paise

Congress: Rs 3

Others: Rs 5

Which government will emerge as the winner?

NDA: 40 paise

UPA: Rs 1.50

Third Front: Rs 1.25

Will Modi enjoy the second term as PM?

Yes: 90 paise

No: Rs 2.50

It must be noted that lower the stakes, higher the chances of winning.

The betting market is speculating that unlike 2014 Lok Sabha polls, the BJP may not come to power with a full majority but it may still emerge as the single largest party. It predicts that BJP is going to form the NDA government once again in collaboration with its allies and Modi is bound to enjoy a second term.

Bookies are even betting as to how many seats the BJP and Congress will win in this election.

No. of seats BJP is slated to win:

Above 300: Rs 2.50

272-299:  Rs 1.50

251-271: 80 paise

226 – 250: 60 paise

201 – 225: 80 paise

Below 200: Rs 1.50

No. of seats Congress is slated to win:

Above 300: Rs 20

272 – 299: Rs 15

251 – 271: Rs 10

225 – 250: Rs 5

201 – 200: Rs 2.5

151 – 200: Rs 1.5

101- 150: Rs 1.25

81 – 100: 80 paise

71 – 80: 60 paise

Below 70: 80 paise

The counting of votes will be held on May 23.