Matka gambling, also known as satta gambling, is a type of gambling and lottery that originated with bets on the opening and closing rates of cotton being transferred from the New York Cotton Exchange to the Bombay Cotton Exchange. Matka gambling is also known as satta gambling.
Satta Matka, also known as Matka gambling or Satta, was a full-fledged lottery game that first appeared in India in the 1950s, shortly after the country’s independence. It was referred to as ‘Ankada Jugar’ during the time. It changed over time and became something altogether different from what it was in the start, but the name ‘Matka’ remained same. In the present era, Matka gambling/Satta King is based on the use of random number generation and betting.
Satta Matka was a traditional Indian game in which the digits 0-9 were written on pieces of paper and placed in a Matka, a huge clay pitcher. After that, a chit would be drawn and the winning numbers would be announced. With changing times came changes in the practice of Matka, but the name remained the same over the years. Three numbers are picked at random from a deck of playing cards at this point. When someone wins a large sum of money via Matka gaming, they are referred to as a ‘Matka King.’
When Mumbai’s textile mills began to prosper, many mill workers began to participate in Matka, which resulted in bookies opening their shops in and around the mill regions, which is how Central Mumbai became the center of the Matka business in Mumbai.
Satta Matka: A Brief Overview of Its History
People used to put wagers on cotton opening and closing rates that were communicated to the Bombay Cotton Exchange from the New York Cotton Exchange via teleprinters when the Satta Matka first appeared in the 1950s.
When the New York Cotton Exchange prohibited the practice in 1961, punters and gamblers were forced to seek new means of keeping the Satta Matka industry afloat. It was during the 1980s and 1990s that the Matka business reached its zenith.