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Matka gambling or satta is a type of lottery which originally involved betting on the opening and shutting rates of cotton transmitted from the New York Cotton Exchange. It originates from earlier than the period of Indian independence when it was often known as Ankada Jugar ("figures playing"). In the Sixties, the system was changed with different methods of producing random numbers, including pulling slips from a large earthenware pot known as a matka, or dealing taking part in cards.

In the authentic form of the game, betting would happen on the opening and closing rates of cotton as transmitted to the Bombay Cotton Change from the New York Cotton Alternate, by way of teleprinters.

In 1961, the New York Cotton Exchange stopped the follow, which caused the punters to look for alternative ways to maintain the matka enterprise alive. Rattan Khatri launched the thought of declaring opening and shutting rates of imaginary products. Numbers can be written on items of paper and put into a matka, a big earthen pitcher. One particular person would then draw a chit and declare the profitable numbers. Over time, the apply changed, so that three numbers were drawn from a pack of enjoying cards, however the name "matka" was kept.[2]

In 1962, Kalyanji Bhagat started the Worli matka. Rattan Khatri introduced the 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 per week, from Monday to Friday.[

Throughout the flourishing of textile mills in Mumbai, many mill workers played matka, leading to 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 Nineteen Eighties and Nineties saw the matka enterprise reach its peak. Betting volumes in excess of Rs. 500 crore could be laid every month. The Mumbai Police’s large crackdown on the matka dens compelled dealers to shift their base to the town’s outskirts. Many of them moved to Gujarat, Rajasthan and other states. With no main source of betting in the city, the punters obtained attracted to different sources of gambling such as on-line and zhatpat lotteries. Meanwhile, the rich punters started to explore betting on cricket matches

Matka Kings
An individual who has gained quite a lot of cash from matka playing is known as a "Matka King".

Kalyanji Bhagat
Kalyanji Bhagat was born a farmer within 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 corresponding to masala ferriwala (spice vendor) to managing a grocery store. In the 1960s, when Kalyanji Bhagat was running a grocery shop in Worli, he pioneered matka playing by accepting bets based mostly on the opening and shutting rates of cotton traded on the New York wholesale market. He used to operate from the compound of his building Vinod Mahal, in Worli.[5].

Suresh Bhagat
On June eleven, 2008, a truck rammed into a Mahindra Scorpio in which Suresh Bhagat and six others, together with his lawyer and bodyguards were travelling, killing all of them. They have been getting back from an Alibaug court docket, where the hearing 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 mom Jaya Bhagat had hatched the plot to kill Suresh Bhagat. Hitesh and 9 others, together with Jaya, had been arrested and have been tried under the stringent act of Maharashtra Control of Organised Crime Act and subsequently convicted.[6]

Rattan Khatri
Rattan Khatri, known as the Matka King, from the early 1960s to mid-Nineties controlled a nationwide unlawful gambling network with international connections which concerned several lakh punters and dealt with crores of rupess.

Khatri's matka began in the bustling business area of Dhanji Street in Mumbadevi where idlers used to wager on the each day trickle of the fluctuating cotton rates from the New York market. Gradually, it became a big playing hub as the quantum of bets and betters increased. Resulting from a row over a successful 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, Kalyan Results Khatri started his personal syndicate and started drawing three cards to resolve the day’s number. Khatri's betting was considered more genuine as the cards had been reportedly opened in the presence of the patron. In the course of the emergency in India, Khatri was jailed and served 19 months behind bars. He has retired from the gambling business and lives close to Tardeo; however, he still does visit the Mahalaxmi Racecourse to wager on his favorite horses.[3]