Democracy is a gamble, in more ways than one. And it becomes more so thanks to exit polls which purport to predict the outcome of an. Online sports gambling companies, California tribes and card rooms have spent more than $ million on a pair of dueling ballot measures to. A YES vote on this measure means: Licensed tribes or gambling companies could offer online sports betting over the Internet and mobile devices to people SPURS VS GOLDEN STATE
Before betting huge sums on India, institutional investors will look forward to indicators such as economic growth, structural reforms, changes in the tax regime, and the cleaning up of bad loans in the banking sector, said Ajay Bodke, an analyst at the Mumbai-based stock broking firm Prabhudas Lilladher. In order to stem this, the new government will have to try and make India a more attractive investment destination.
For this, the new government will likely focus on developing indigenous industries in sectors such as defence, said Jefferies India in a recent note. Faster policy implementation is also likely in sectors such as renewable energy, ports, and shipping, which have been hit by a slowdown.
But certain sectors are likely to be disregarded, even if Modi gets a second term, according to Jefferies. Economic recovery, then, is not a given even if Modi gets another five years in office. And this is on legal betting platforms. It is a fact that even these legal betting outfits rely on money from India, where betting on cricket is illegal, for much of their revenue.
While the average punter cannot register a credit card, create an account and bet on these websites there are multiple ways to circumvent the system. Having a family member or friend overseas who can create an account and work through that is the easiest, but this is for the person who has an odd flutter. For serious gamblers, who play money on each game, hedging bets and working spreads — not too different from day traders in the stock market — there exist avenues to park money.
Settlement day is settlement day, whether I win or lose. If you had some spare cash, a decent amount, would you put it on Afghanistan winning this World Cup? But, in , India were , and they came through. Forget about winning, Afghanistan are still listed at on making the final four.
The conversation over legalising betting on cricket and other sports is gaining momentum in India. But key questions remain unanswered. While corporates are lobbying for their voice to be heard, the alternate universe that thrives on betting being illegal is more than happy to take from the pocket and preserve their market. On the legal betting websites you can take punts on the most odd things.
Will someone hit six sixes in an over?
The BJP and its allies are not predicted to do well, according to the surveys. If the results come as per the prediction of exit polls, it will be the first time that AAP will come to power in Punjab. AAP had declared Bhagwant Mann as its chief ministerial candidate in the state. It is the first time that BJP fought over 65 seats in Punjab. Polling was held in Punjab on February 20 and the results will be declared on March In the member Uttar Pradesh assembly, the majority mark is and the exit polls predicted BJP getting a comfortable majority with its allies.
The exit polls were released after the seventh and last phase of the election in Uttar Pradesh. The counting of votes will take place on March The survey said Congress is likely to open the account with one seat while others may get one. What happens to the economy? The next big round of chest beating will be about the economy. If Vikas Purush development hero , is gone, who will save India?
Again, any lamentation will be a gross overreaction, glossing over hard facts of the Modi tenure. Modi promised he would, but did not. It is a fair wager that India would have continued to grow at the same pace in the last five years, regardless of who was prime minister. Of course, without demonetisation, it may have been a bit faster.
Advertisement Whoever wins on May 23, we should restrain our celebration or despair. The Goods and Services Tax—the backbone of our tax structure—is in place, and that ensures that any tinkering by the next government will only be on the margin.
But, whether it is Jaitley or Chidambaram or someone else, that person has their job cut out. The country faces deep structural problems that need to be addressed. More immediately, there is a well-entrenched cyclical slowdown underway, which demands urgent attention.
So far, none of the potential prime ministerial candidates have said anything to suggest that they have the foggiest idea about solutions, but any dispensation would have to tend to this—either through a well thought out fiscal stimulus and credit enhancement blueprint or NYAY or some form of basic income guarantee. Advertisement That is the hard reality of running the country, shorn of the rhetoric of the last few months.
Modi or no Modi, it does not matter. India has a jobs problem, a farm crisis, a manufacturing problem, an exports mess, investment freeze, and rural demand slowdown, all of which have only become worse over the last five years. Why do you think Modi speaks only about the departed these days?
This is an important issue as it is not an imagined one. Advertisement If the Congress manages to somehow get between and seats, it is conceivable that we could have a Congress-led UPA government with support from other regional parties who despise Modi. This may not be that unstable. Or there could be a Third Front government supported by the Congress, which is unquestionably shakier. This, frankly, is the only downside of a Modi defeat—the prospect of the next government not lasting the distance, and during its tenure not being able to coordinate well enough to address the looming policy issues.
Much will depend on the numbers of the second largest party. Social changes While economically, the verdict may not change much unless it is a totally fragmented coalition, socially it will. The grave wounds of the last five years may begin to heal, slowly.
Mob lynchings are likely to stop. The destruction of institutions may be arrested. Hate will not go away, certainly not in North India, but hopefully, diminish. Advertisement Is political instability an acceptable price for this healing? Perhaps it is. It depends on where you are on the social ladder.