Information AboutMatka |
| CATEGORIES ABOUT MATKA GAMBLING | |
| gambling games | |
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'Matka' is an type of Gambling that originated in Mumbai, India. The word Matka is often used as a ''synonym'' for "gambling" in India. Matka was started by a gentleman in Mumbai named Ratan Khatri . Matka is also known as Satta sometimes and is an ingenious system of gambling on numbers. Punters bet money on numbers (2 or 3 digit) and the winning number receives eighty times the sum wagered. However there are smaller wins too. To briefly explain the system; A punter makes a stake of INR 1 on the number 4 as ‘open’, INR 1 on the number 8 as ‘close’ and INR 1 on jodi (their combination) 4 8. At the end of the day if 4 is chosen as open he gets INR 8. Similarly, if 8 wins he gets another INR 8 and if 48 is declared he gets INR 80. The punter passes the money over to the local sub-agent, who keeps a 5 per cent commission on the amount. This sub-agent in turn passes over the money to the local bookie with details of bet amounts and numbers. This money now passes up the chain of bookies called Khaiwals. Every evening, the number is called out. The satta or matka king pulls out three cards of a pack. The three cards add up to get the open number. The first card is pulled at 9 p.m. and is called the open card. The second and last numbers are decided at 12 midnight. Sources say, the declared number information is transmitted via calls to every corner of the country and even outside the country within 30 mins. Pay outs are done the next morning. Typically in a week, five satta sessions are conducted. Mumbai is understood to be center of operations and the hub of Matka gambling. |
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