Matka gambling or satta king
is a type of lottery which originally involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange. It originates from earlier than the era of Indian independence when it was referred to as Ankada Jugar ("figures gambling"). Within the Nineteen Sixties, the system was replaced with different methods of producing random numbers, including pulling slips from a big earthenware pot known as a matka, or dealing enjoying cards.
In the authentic form of the game, betting would take place on the opening and shutting rates of cotton as transmitted to the Bombay Cotton Change from the New York Cotton Alternate, through teleprinters.
In 1961, the New York Cotton Trade stopped the practice, which caused the punters to search for alternative ways to maintain the matka enterprise alive. Rattan Khatri launched the idea of declaring opening and shutting rates of imaginary products. Numbers would be written on pieces of paper and put into a matka, a large earthen pitcher. One person would then draw a chit and declare the winning numbers. Through the years, the observe modified, in order that three numbers had been drawn from a pack of playing cards, but the name "matka" was kept.
In 1962, Kalyanji Bhagat began the Worli matka. Rattan Khatri introduced the New Worli matka in 1964, with slight modifications to the principles of the game. Kalyanji Bhagat's matka ran for all days of the week, whereas Rattan Khatri’s matka ran only 5 days a week, from Monday to Friday.[
Through the flourishing of textile mills in Mumbai, many mill staff performed matka, resulting in bookies opening their shops in and around the mill areas, predominantly located in Central Mumbai. Central Mumbai turned the hub of the matka enterprise in Mumbai.
The decades of 1980s and 1990s noticed the matka enterprise attain its peak. Betting volumes in excess of Rs. 500 crore could be laid every month. The Mumbai Police’s huge crackdown on the matka dens compelled dealers to shift their base to the town’s outskirts. Lots of them moved to Gujarat, Rajasthan and different states. With no major source of betting in the metropolis, the punters received attracted to different sources of playing resembling on-line and zhatpat lotteries. Meanwhile, the rich punters started to explore betting on cricket matches
A person who has received quite a lot of cash from matka gambling is called a "Matka King".
Kalyanji Bhagat was born a farmer in the village of Ratadia, Ganes Wala in Kutch, Gujarat. Kalyanji's family name was Gala and the name Bhagat, a modification of bhakt, was a title given to their family by the King of Kutch for his or her religiousness.
He arrived as a migrant in Bombay in 1941 and initially did odd jobs such as masala ferriwala (spice seller) to managing a grocery store. Within the Sixties, when Kalyanji Bhagat was running a grocery shop in Worli, he pioneered matka playing by accepting bets based mostly on the opening and closing rates of cotton traded on the New York wholesale market. He used to operate from the compound of his building Vinod Mahal, in Worli..
On June eleven, 2008, a truck rammed into a Mahindra Scorpio in which Suresh Bhagat and 6 others, together with his lawyer and bodyguards had been travelling, killing all of them. They had been coming back from an Alibaug courtroom, the place the listening to of a 1998 narcotics case had been held. Throughout investigations by the police it was revealed that Hitesh Bhagat (Suresh Bhagat's son) and his mother Jaya Bhagat had hatched the plot to kill Suresh Bhagat. Hitesh and 9 others, including Jaya, were arrested and had been tried beneath the stringent act of Maharashtra Management of Organised Crime Act and subsequently convicted.
Rattan Khatri, generally known as the Matka King, from the early Sixties to mid-1990s managed a nationwide illegal gambling network with international connections which involved a number of lakh punters and handled crores of rupess.
Khatri's matka began within the bustling enterprise space of Dhanji Street in Mumbadevi the place idlers used to wager on the each day trickle of the fluctuating cotton rates from the New York market. Gradually, it grew to become an enormous playing hub because the quantum of bets and betters increased. On account of a row over a winning number plus the New York market’s 5-day week schedule, compulsive betters started searching for alternatives. Based mostly on the requests of his buddies, Khatri started his own syndicate and began drawing three cards to resolve the day’s number. Khatri's betting was considered more real as the cards had been reportedly opened in the presence of the patron. Throughout the emergency in India, Khatri was jailed and served 19 months behind bars. He has retired from the playing enterprise and lives close to Tardeo; nevertheless, he still does go to the Mahalaxmi Racecourse to wager on his favourite horses.