11 Facts About the Matka King
About the Matka King
You may have heard about the Matka King, but did you know these 11 facts? The game originated in India, where people used to bet on cotton rates. In fact, the New York Cotton Exchange even allowed teleprinter bids on the games. Ratan Khatri introduced the concept of imaginary product rates in 1961. The idea was simple: someone would pull a chit and one person would pull another.
The first matka in Mumbai was operated by Suresh Bhagat, who is now the king of the city. Pappu Savla, the rival, was arrested. Suresh Mota’s uncle was not on a good equation with Suresh Bhagat. Hence, the matka business in Mumbai was shut down for the first time since 1968. While this is the most shocking incident in the matka business, it does not mean that the business is dead yet.
The first Matka game was introduced in Mumbai in 1962. In fact, Matka was first introduced in Mumbai and quickly became one of the country’s biggest betting rackets. The game was a hobby for mill workers, but by the 1960s, it had become a large industry that lasted for decades. Khatri was a legend and thousands of people trusted him. You’ll never guess which number will be the next winner!
11 Facts About the Matka King
Worli Matka was the brainchild of a gangster in Mumbai who made his fortune by betting small amounts of money. Ratan Khatri later renamed the game Ratan Matka and Main Worli matka, and remained popular until a crackdown by the Mumbai Police in the 1990s. After that, Khatri broke ties with Bhagat and established his own syndicate. He had a much larger network than Bhagat did and his friends encouraged him to do so.
Satta Matka is one of the oldest forms of matka gaming. To play, you must place a bet on a specific number. This game is a combination of lottery and betting. In the olden days, people in India would bet on the rate of cotton from New York to Bombay. Before the independence period, matka was also known as Ankada Jugar. A large earthenware pot was used to generate random numbers.
The popularity of Matka betting in Mumbai grew in the 1980s and 1990s. It topped Rs. 500 crores per month. However, a crackdown by the Mumbai Police forced matka dealers to relocate to the outskirts of the city. After the crackdown, many dealers turned their attention to other gambling opportunities, such as cricket betting. Nevertheless, the game stayed alive because of the excitement and love it receives from its players.
