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Pooling Agreements A Must In Case Of Personal Syndicates Formed For Satta Matka

Aug 12th 2015 at 1:27 AM

The best way of increasing your chances of winning a lottery is to buy its tickets in bulk. However, buying of satta matka tickets in bulk requires huge amount of funds and with the increase in investment amount the risk involved in the process also increases. Therefore, joining of gambling syndicates in order to increase the chances of winning a sattamatka or any matka for that matter is highly recommended. But, many people are skeptical about dealing with anonymous people who are a part of these syndicates. They feel that they just cannot trust them. A simple solution to the problem of these persons is simple. They can form a syndicate of their own.

Known Group Syndicate

A gambler can contact other gamblers who too are interested in the same lottery, be it kalyan matka, satta king or any other lottery, and ask them to pool in their funds on the lines of a syndicate and collectively increase their chances of winning. The best part of these known group syndicates is that the members of the group are all known to each other and hence the level of trust and confidence between them is also great. Although the funds which can be collected through this method are very small in comparison to online syndicates, still the chances of winning increase greatly in comparison to individual buying of lottery tickets and since there is trust among the members, the gamblers are able to play with ease of mind and actually enjoy the game more.

Written Contract Is A Must

Money is a bad thing and it can make even the most honest person do the worst crimes. Hence, although these known group syndicates are formed by people who already know each other and trust each other, still it is always better and almost imperative that a written contract, stating all the terms and conditions of investment and distribution of funds and winnings, is signed by all the members before any actual transfer of money takes place. This will help in avoiding all sorts of confusions and misunderstandings at a later stage and no one will be able to cheat any other member of the syndicate. These contracts form a very essential part of any syndicate and should not be overlooked under any circumstances.

The Legal Perspective

The contracts entered into in this regard are called the pooling agreements and enjoy a complete legal standing. In fact, the members of such syndicates can hire a qualified lawyer to draw up a completely legal and binding Pooling Agreement and the same should be duly stamped and registered as per law. This will surely act as a deterrent to any person who even thinks of doing anything wrong with other members of the syndicate and guarantee justice to all in case of some fraud.

At the end of the day gambling is risk, however, it makes sense to restrict this risk to lottery winnings only and not add the risk of betrayal by fellow players to an already risky game.

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