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Showing posts with the label matka

Legalising gambling in India

Gambling in India is not uncommon. The rightful of Pandu's sons gambled with their wife and kingdom. Shopkeeper's gamble everyday with what they stock and what should be thrown out. The stock exchanges are sophisticated and to a certain extent calculated gambles, a man makes. Travelling on the footboard of a bus or a train, college youth and even 50 year old uncles, gamble with their lives everyday in India.  Gambling with money, although very common, is a taboo in our country. People, from all strata of the society gamble with money every day. An unverified and therefore inaccurate report states that the ' matka' gambling business in Mumbai has a turnover of about 1000 crores on a monthly basis. This number is inaccurate and the actual figure is very likely to be greater than 1k crores. Indians have gambled on cotton rates in the New York cotton market, then, the-then-called, Bombay cotton exchange, moving to horse-racing (which is legal) and the sport that binds the...