the goan I network
PANAJI
Direct employment includes those involved in accepting matka beats at street corners as well as the sub-agents and the main agents, who act as insurance companies to minimise the risk of those lower down the hierarchy.
The ancillary industry involves the print industry, the rent to shops paid by agents dealing with Matka on the sidelines of their main ‘legal’ business.
Tips to employees by bet winners, and the increased turnover to the cottage industry --- the omelette stalls, kiosks, etc --- in the close vicinity of the beat acceptors is also the order of the day.
Highly placed sources say the trade is a money spinner for unemployed youth. “Those who would otherwise be employment in the world of serious crime have their effort and energy channelised in the Matka industry,” said the source.
Labyrinth of agents
In accordance with the quantum of bet placed by the player, the man accepting the bet judges his risk factor and his payment capacity. The extra ‘Load’ (Matka parlance for a heavy bet placed on a number) is diverted to the sub agent. “This means that in case the player wins the bet, the man accepting the bet has to shell out only that part of the amount of which he has accepted the risk. The balance is paid by the sub-agent,” mentions the source.
Likewise, the sub-agent wagers his bets on the main agents. “It all depends upon the sub-agent’s risk taking capacity,” mention sources in the trade. This is when the main agent accepts the risk of the sub-agents and reimburses the sub-agents in case the bet clicks. “This acts as an insurance cover,” adds the source.
Stock market
structure
In what can be dubbed as somewhat a loose amalgamation and emulation of ‘Badla’ and ‘Derivatives’ systems prevalent in the stock market, the acceptors of bets give the leeway to some of their regular players to wager their bets on credit. An oral deal is then struck: In case the player wins the bet, he re-invests the amount played into another round of betting while the balance amount is paid in cash to the winner. “This helps the winner to hedge is bets without actually investing a single rupee in the game while he gains the balance amount in cash,” adds another source.
Sources also speak of many instances where some bets of overseas players are accepted over the phone, that too on credit. An account is maintained which is then settled upon the return of the overseas player. In some other cases, the money is delivered to the beat acceptor, either on a daily basis in the State or weekly basis.
While some of the regular local players are generously allowed to play on credit. “It is a common practice to accept bets over the phone,” states another source.
Direct employers
That the Matka industry is an employment generating machine is no secret. Apart from the main beat acceptors, two employees to note down the bets wagered by players gain employment at this kiosk. “They are paid daily wages of Rs 400. Where else is an uneducated, unskilled lad paid such an amount?,” questions another source. In addition to the industry being a source of livelihood to the kiosk owners, most of whom are moderately educated, as
Matka is based on random number selection and bidding
Results are based on the right choice of the number
The Kalyan matka was introduced by Kalyanji Bhagat in 1962
Worli Matka was introduced by Ratan Khatri in 1964
For converting the results into winning one needs to make the right guessing
For learning the tricks of the trade matka charts can come up very handy
