Election Betting Makes Beggars
The recent election has been one gripping event for the Telugu folks and surprisingly, there was a huge betting that took place this time and that too at exorbitant rates. Due to this, news has been arriving that many have now become beggars having lost a lot of money. The worst hit among this are the middle class people who have now landed on roads. It is heard that just in the west Godavari district, the betting was upto the tune of Rs 300 crores. While some have taken loans, others have sold their fertile lands and put their money into various forms of betting.
The hottest districts for betting were the dual Godavari, Krishna, Guntur districts and the stakes were like a particular party will win so many seats or a particular candidate will win at a particular place. Incidentally, the palakollu segment where Chiranjeevi contested had betting going up to the tune of Rs 18 crores. Similarly, in the Ungutur segment of west Godavari, the stake was Rs 30 crores. The highlight is, one of the candidates in the Godavari districts was so confident about his win that he betted upto Rs 18 crores, he lost and now he has put his home for sale. And there is another one who has pledged his 25 acre land and now he has nothing left with him. Even the Vijayawada Lok Sabha had a similar situation with many saying Lagadapati will lose and betting heavily on that. Many from the coastal belt have lost out heavily and now the fear of suicides has been looming largely out there.
Even Hyderabad was not far behind as some high stake betting happened here too and that too by the Congress folks. One MLA was heard saying that he spent 3 crores for canvassing and earned 3 crores in betting. And there is another one leader from the Congress who earned a cool Rs 5 crores due to the betting. But then, a word of advise to all those middle class people who wanted to make money, such things are only for those who can afford it, don’t do betting else you will end up as beggars.
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