What is Satta Matka?
Origin of the Matka game of chance or Satta
Matka gambling, or satta, is a form of betting and lottery that originally involved betting on the opening and closing prices of cotton, which were transferred from the New York Cotton Exchange to the Bombay Cotton Exchange.
satta Matka, Matka Gambling or Satta was a full-fledged lottery game that began in the 1950s immediately after India gained independence. It then became known as “Ankada Jugar”. It evolved over time and became completely different from the beginning, but the name “Matka” stayed. Today’s Matka game of chance / Satta King is based on random number selection and betting.
Satta, matka numbers
In Satta, matka numbers from 0 to 9 would be written on pieces of paper and placed in a matka, a large earthen jar. One person would then pull out a slip of paper and declare the winning numbers. Over the years, as times changed, so did the practice, but the name ‘matka’ remained unchanged. Now three numbers are drawn from a deck of cards. One person who wins a lot of money playing matka games of chance is known as a matka king.
When the textile mills in Mumbai began to flourish, many mill workers played matka, which resulted in bookmakers opening their stores in and around the mill areas, and thus central Mumbai became the center of Mumbai’s matka business
Satta Matka: history
Satta Matka originated in the 1950s when people were placing bets on the opening and closing prices of cotton sent from the New York Cotton Exchange to the Bombay Cotton Exchange via remote printer
In 1961, the New York Cotton Exchange stopped the practice, prompting players to look for alternative ways to keep the satta matka business alive. In the 1980s and 1990s, the matka business peaked.
Note: Gambling has been illegal in India since the British Government introduced the Public Gambling Act in 1867.