'Matka' is a 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.
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