In a unique turn of events, businessmen and realtors from Andhra Pradesh are placing substantial bets, amounting to crores of rupees, on the outcomes of the Assembly elections in Telangana, particularly in the erstwhile Khammam district. This intriguing trend is fueled by close relationships between residents of Andhra Pradesh and those in the Khammam district. Punters are actively assessing the political landscape, with a keen interest in key constituencies.
A significant number of individuals are reportedly wagering heavily on the victory of Congress candidates, expressing confidence that the grand old party will form the government. The palpable support for Congress in Telangana has driven many businesspersons to bet on its success. Estimates suggest that the total amount at stake in these bets ranges in the hundreds of crores.
N Ganesh, a resident of Tiruvur town in AP, has placed a substantial Rs 10 lakh bet on the victory of Congress candidate Thummala Nageswara Rao in Khammam. The enthusiasm is not limited to locals, as individuals from neighboring states express a curious interest in the election results.
K Sudharshan Rao from Eluru town in AP is closely following the elections in Telangana and mentioned placing crores on the victory of the BRS and Congress candidates. The proximity of the erstwhile Khammam district to AP seems to be fostering a cross-border betting activity, creating an intriguing dynamic.
During a recent roadshow in Khammam, Thummala Nageswara Rao noted that people from Andhra Pradesh are even more eager than those in Telangana to know the outcomes of the elections. He suggested that crores of rupees are involved in betting activities in Andhra Pradesh, specifically over the Telangana elections.
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