What's unique about this game is the way you bet. Teen Patti is being used because it is a card game with a uniform number of cards for each playing position. The game could be based on other card games with a fixed number of cards per hand, but with six cards across the two hands, there are five opportunities to have a bet.
You can place a bet before any cards get dealt on playing positions Player A or B. If you've guessed correctly, you'll win 1.98 or 0.98:1. Then, as each new card is dealt to a hand, new odds get calculated for the hand, and you can place a bet on the stronger of the two hands.
The bets are a Back bet (for it to win) and a Lay bet (a bet the hand will lose). This explains why you can bet on Player A in one round and Player B in the next. This method shows you the strongest hand according to the odds.
The idea of this type of betting is to offset your losses if the hand you initially chose is weak or to increase your win potential by betting that the opposing hand will win. This type of betting is very popular with sports bettors who place these types of in-play bets on sporting events. You might hear the term "hedging your bets" - this game offers precisely this.