Satta Matka can be regarded as the traditional gambling game played all over India. It originated soon after its independence in 1950. People were keen on finding some employment for their survival in a recently divided state then. But soon, it evolved into the cultural binding of India. By then, it was known as “Ankada jugar” , gambling through figures. But soon, it grew to be within the pot, giving it an entirely new identity of Matka. Although the Indian government officially bans the game, some states still practice it under certain restrictions. Such groups regarded a game as an essential medium and fabricated it to depict the tradition.
The Satta matka was practiced openly when the gambler visited the Matka Centers and drew the figures themselves. Still, over the period, Agents and sub-agents were brought into the framework by the matka kings to avoid being highlighted by the authorities and run the Satta matka practice smoothly. But the high risk was involved as gamblers were forced to trust the agents without witnessing the drawing of figures and giving hefty commissions to them. But the situation differs, and things have changed anonymously. Some forums have been witnessed where you can play matka online legally.
To date, only three matka kings have emerged as profound, Among which Ratan Khatri, the founder of Satta Matka, a Sindhi migrant from Karachi, Pakistan, had introduced this idea. The export of Cotton to Bombay Cotton Exchange from New York Cotton exchange compelled the punters to bet on the initial and final rates of the exported cotton guided by the teleprinters. Other prominent Matka kings were Kalyanji Bhagat and Suresh Bhagat.
The Matka history has been a pool of controversies and thrilling adventures, but still, it managed to stand out in the market as a flag bearer among all the market. A huge turnover of INR 500 crore was observed monthly in the 70s-80s when Mumbai police cracked down on the massive matka system. As a result, a huge class of gamblers was shifted to bet on the cricket matches. So let’s go through the adventurous journey of matka flowing through history sequentially.
- 1950’s – People placed bets on the initial and final rates of the cotton, tipped off by the teleprinters by then for cotton that was exported from the New York Cotton Exchange to Bombay Cotton Exchange.
- 1961 – New York Cotton Exchange stopped the practice of transmitting. Some claim that it was a strategy by the Indian authorities to stop the practice of Satta matka. But it compelled a huge class of punters to find alternatives to keep the Matka business Alive.
Ratan Khatri set the framework for playing a Satta matka that has been evolved over the years, but the association with matka is still unchanged. According to his format, the practice of announcing the opening and closing rates of cotton will be revealed to the general public, and the chits will be put in the matka within the range of 0-9. A person would draw and declare the winning number.
- 1962 – Kalyanji Bhagat, A grocery store owner, enhanced the matka system by making it a common Kalyan Worli Matka that allows even the beggars to participate in the gambling just by putting in 1 rupee.
- 1964 – Khatri came up with New Worli Matka with slight modifications to the one of Kalyanji Bhagat and ran the matka six days a week, different from the one of Bhagat’s that used to run every day.
This gave rise to a huge class of Textile workers setting up their own stalls and business around the textile mills as they used to play a part in Satta matka while working as workers in Mills.
- The 1980s- 1990s – Satta Matka was at its peak, and turnover of Rs.500 Crore was observed to be attained monthly. Such a figure had given Law enforcement a thrilling shock, and a crackdown was observed in a matka system. The majority of matka centers were evacuated out of the city and made their roots in Gujarat, Rajasthan, etc.
This even compelled the matka runners to avoid the practice of cluttering the center with normal audiences and hire agents and sub-agents instead. And online lotteries started taking place as investing high risk on strangers was a big consideration of people.
- 2008 – Suresh Bhagat, son of Kalyanji Bhagat and one among the pioneers of Satta Matka, was assassinated by the police after a huge and lengthy intervention into the subject.
Satta Matka has evolved in the veins of India, much to brainstorm the audience. Many movies have been made with such a subject, casting the most prominent stars like Feroze Khan, Hema Malini, Rekha, etc. There is a little craze of betting in India, and over the period, it is even considered to be an essential component that runs in all industries. Satta Matka and Cricket being the most profound.