How Matka Works?
What Is Matka Ecosystem
Matka Runs on 3 Pillars of Trust
A Market will announce a fair result
This trust keeps bookies taking games and players playing game
A Bookie will make commission no matter what the result
This is why bookies are doing their work
A Player will get his winnings if his game matches with the result
This is why players are willing to risk a lot of money
3 Stakeholders in the Transaction
The Market, The Bookmaker and The Player
THE MARKET
The Market is the organizer, owner of particular market. Example: Kalyan, Milan, Rajdhani, Main Mumbai are some of the well known satta matka markets.
MAINTAINS THE GAME INTEGRITY
Responsible to keep the game running in an interesting manner so that people are ever interested to play it.
ANNOUNCES THE RESULTS ON TIME
Responsible to make sure results are announced on time every business day.
HEDGES THE RISK FOR BOOKIES
Responsible to make sure its bookies are not under heavy payment risk.
EXPANDS THE MARKET
Responsible to venture into new markets to expand business.
THE BOOKMAKER
ACCEPTS THE BETS FROM PLAYER
The Bookmaker, also called the bookie, is responsible to accept the bets from players.
PAY OFF WINNINGS
The Bookie is responsible to pay the winnings to player, if any, in a timely manner to keep the business going.
HEDGE RISKY BETS
The Bookie is responsible to hedge risky bets and forward it to top level bookie, or Market to make sure he's protected from financial losses.
GETS COMMISSION
The Bookie gets commission for what he does. Normally its 5-10% on turnover he generates.
THE PLAYER
PLAYS THE GAME
The player is the one who bets his money on the game in hope to win a good return on his investment.
MAKES MONEY
If the player's bet matches the result, the player makes money.
LOSES MONEY
Mostly, almost all the time, the player's bet does not match the result and the player loses his money.
NEVER LEARNS FROM MISTAKES
On a general note, a general matka player never learns from his mistakes, nor improves his capabilities, knowledge to make profit from matka.
What Happens When You Play
Ever wondered what happens when you play? Here's what happens:
You Send the Game to Bookie
Agent Forwards Game
If your bookie is just an agent, forwards game to a superior bookie for commission. Your agent might get full rate. You may get a slightly lower rate for the game than the agent gets. The agent makes commission and whenever you win, makes a marginal profit on your game.
Big Bookie Absorbs the Game
The Big Bookie, absorbs the game, stakes and takes the risk to pay. The Big Bookie has a huge investment in place to pay the bets and agent commission. There are hundreds of agents working under a Big Bookie. The Big Bookie gets full rates, but offers adjusted rates to agents and customers.
Risk Hedging
If there are any risky bets, the bookie hedges the game with Market bookie. If you played a big game, like market shattering game like a 1000 on a Sangam, the bookie, plays the close pana at full rate / forwards the sangam in the first place with the market so that he's protected from impending financial loss.
Market Announces the Result
Big Bookie Settles Winnings
The Big bookie settles the winnings to the Agent almost immediately.
Agent Receives Winnings
Your agent receives your winnings and commission on the turnover he generates.
Agent Pays You
The agent pays you your winnings.