This game is conducted in several sectors and dates several years back. It is being played from around 1910 -1920 . Over such a long period of time this game has undergone many changes. Initially, it was conducted in a few areas such as in export and import of cotton and textile industry in which very few punters( players of the game), challenged their luck but today it's range has widened. Today this speculating game is conducted in many occasions like national, international sports where bets are in millions,billions and even trillions.
Matka gambling or satta is a form of lottery which originally involved betting on the opening and closing rates of cotton transmitted from the Newyork Cotton Exchange. It originated from before the era of Indian Independence when it was known as Ankara Jugar. In the 1960s the system was replaced with other ways of generating random numbers, including pulling slips from a large earthenware pot known as matka, dealing playing cards
This game has undergone many changes but in its original form, betting would take place on the opening and closing rates of cotton as transmitted to the Bombay Cotton Exchange, via teleprinters.
Several punters have changed their lives by daring to confront their luck in this game.
In 1961, the New York Cotton Exchange stopped the practice, which caused the punters to look for alternative ways to keep the matka business alive. Rattan Khatri introduced the idea of declaring opening and closing 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. Over the years, the practice changed, so that three numbers were drawn from a pack of playing cards, but the name ''matka'' was kept. .
During 1960s an expert player of this game named Kalyanji Bhagat started the Worli matka. His counterpart Rattan Khatri introduced the new 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, Monday to Friday. During the flourishing of textile mills in Mumbai, many mill workers played matka, resulting in bookies opening their shops in and the mill areas, predominantly located in central Mumbai. Cental Mumbai became the hub of the matka business in Mumbai. In general, earring is not easy from this game but by availing the right time one can make big amounts by investing every less than that of the earnings. ... Particularly in case of horse riding betting is dominantly carried out by the expert punters who were, in the beginning phase of their way to get to the zenith of it, novice. ..Initially they invested just countable amounts but gradually when they came to know the tricks of the game they Betting amounts went on increasing and in the wake of their unending efforts today they themselves conduct this old betting game. In common, ,there is a great deal of lucky punters who dared to take a chance to confront their luck but the most successful of is Rattan Khatri whose name is prominently taken whenever betting is discussed.
The decades of 1980s to 1990s saw the matka business reach it's peak. Betting volumes in excess of Rs. 500 crore would be laid every month . The Mumbai Police's massive crackdown on the matka dens forced to shift their base to the city's outskirts. Many of them moved to Gujrat, Rajasthan and other states. With no major source of getting in the city, the punters got attracted to the other source of gambling such as online and zhatpat lotteries.Meanwhile, the rich punters began to explore betting on cricket matches.