Rs. One-lakh-crore at stake
- Quaid Najmi
- 5 days ago
- 2 min read
Bookies bet big on BJP in BMC polls

Mumbai: As the campaign curtains fell today for the high-stakes Brihanmumbai Municipal Corporation (BMC) elections scheduled on January 15, the underground bookie market threw up startling projections, hinting at a decisive verdict in India’s richest civic body on Friday.
According to illegal betting syndicates, wagers on the BMC polls have already crossed an eye-popping Rs.1 lakh crore, underscoring the intense interest of political operators, contractors and power brokers eager to capture control of the 227-ward civic giant.
With an annual budget of Rs. 74,000 crore, the BMC election has turned into far more than a routine municipal contest - it is a battle for political and financial supremacy in Maharashtra.
Advantage Mahayuti
Bookmakers say the ruling Mahayuti alliance appears firmly in the driver’s seat, with trends mirroring its strong performance in the November 2024 Maharashtra Assembly elections. The Bharatiya Janata Party (BJP) is tipped to emerge as the single largest party, bagging between 95 and 100 wards.
Its ally, the Eknath Shinde-led Shiv Sena, is projected to secure 45-50 wards, while the Ajit Pawar-led Nationalist Congress Party (NCP) may have to settle for a modest 5-7 wards. Together, the Mahayuti is expected to comfortably leap through the majority mark of 114 wards needed to control the BMC.
MVA luckless?
On the opposition side, bookies paint a sad and sorry picture. Shiv Sena (UBT), which once lorded over BMC for nearly three decades, may get deflated with only 20-25 wards, sharply undercutting its own expectations. After a two-decade separation, Raj Thackeray’s Maharashtra Navnirman Sena (MNS) is predicted to make modest gains in 7-9 wards.
However, politics remains unpredictable. The recent high-decibel speeches by Raj Thackeray and his nephew Aditya Thackeray at Shivaji Park - especially their aggressive attack on the Adani Group – ignited widespread debate and could arouse sections of lower-middle-class and Marathi voters.
Congress-VBA confusion
Following its exit from the MVA in October, the Congress tied up with Prakash Ambedkar’s Vanchit Bahujan Aghadi (VBA), but the alliance faces hurdles, claim bookies.
At best, the Congress-VBA could capture around 25-27 wards - a move many within political circles believe could erode the opposition’s collective ability to challenge Mahayuti.
Despite the multi-cornered nature of the contest and multiple parties espousing similar civic promises, bookmakers remain upbeat that the Mahayuti is stomping to a near-sweep, tightening its lasso over the country's financial centre.





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