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2. Origin of satta matka
Matka also Satta is essentially is a form
of lottery which in its current form began
in Mumbai in 1960s.
Satta is a Hindi word which means Betting.
In earlier days it was known as Ankada Jugar in
Marati that means Figures gambling.
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3. WHO INTRODUCED THIS SATTA MATKA?
KALYANI BHAGAT AND
RATTAN KHATRI (Matka
King introduced this game
in Mumbai
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4. Histroy
In 1962, Kalyanji Bhagat began the Worli matka.
Rattan Khatri introduced the New Worli matka in
1964, with slight modifications to the rules of the
game.
Kalyanji Bhagat's matka ran for all days of the week,
whereas Rattan Khatri’s matka ran only five days a
week, from Monday to Friday.
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5. Satta is a Hindi word which means Betting.
Matka system gets its name from ‘matka’ which
means an earthen pot.
The numbers were written and put in a big pot (by
which the name Matka came) and three chits were
drawn to announce the winners.
Initially, this was carried on for 5 days only since
they followed the New York wholesale market.
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6. Growth of game
The flourishing of textile mills in Mumbai, saw many
mill workers getting attracted to matka which
resulted in bookies opening their shops in and
around the mill areas which were predominantly
located in Central Mumbai.
This resulted in Central Mumbai becoming the hub
of the matka business in Mumbai.
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7. The process of Satta Matka started by trading on the
opening and closing amount of the cotton traded in
New York wholesale market in 1960.
Later, the New York stock exchange discontinued
this process in 1961.
And that led to a gradual downfall in the satta
business.
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8. In order to continue the legacy of Satta, imaginary
products opening and closing rates were traded
using lottery.
The organisers or ‘punters’ (the name by which
betting agents are known worldwide) started drifting
off towards greener pastures.
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9. Satta business
The decades of 1980s and 1990s saw the matka
business reach its peak.
Betting volumes in excess of Rs. 500 core would be
laid every month.
The Mumbai police’s massive crackdown on the
matka dens forced dealers to shift their base to the
city’s outskirts.
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10. Many of them moved to Gujarat, Rajasthan and
other states.
With no major source of betting in the city, the
punters got attracted to other sources of gambling
such as online and zhatpat lotteries.
Meanwhile, the rich punters began to explore
betting on cricket matches.
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11. The craze for Satta Matka increased so much that it
spread as an illegal gambling network with
international punters investing pools of money in the
business.
The business is still prevalent with the new rules. No
more matka is used but the playing cards are drawn
instead of the chits. Three cards are drawn to decide
the number for the day's gambling
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12. Every day an imaginary number was declared twice a
day, and the number was drawn from cards.
The Satta matka numbers were in several different
sequences and were decided by randomly drawing
out playing cards in the presence of patrons.
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13. The satta matka results were most often declared
two times a day- one in the afternoon and the other
at night.
The satta Matka number game is a well
organized, fraud free and completely impartial game
that is based on pure luck.
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