Matka: Matka refers to the earthen pot or container from which numbers are drawn in the game. Satta: The term 'Satta' refers to the overall concept of gambling or betting in various forms.
The Matka business started booming, and numerous Matka centres or outlets sprung up across the city, attracting a large number of participants. It provided them with an exciting and potentially lucrative form of entertainment. The game gained immense popularity among the working class and businessmen in Mumbai. Rattan Khatri, another prominent figure, played a significant role in shaping the game by introducing additional features and new variations. With time, the game expanded beyond cotton rates to include betting on various other factors, such as the opening and closing rates of other commodities, stock markets, and even random numbers.
Initially, the bets were placed on the variation of cotton rates, which were transmitted from the New York Cotton Exchange to Mumbai via teleprinters. He started the practice of offering bets on the opening and closing rates of cotton traded on the New York Cotton Exchange. The origins of Satta Matka can be attributed to a man named Kalyanji Bhagat, who was a farmer from Gujarat.
