Business Description
Satta Matka Gambling Dp Matka By DpbossSATTA MATKA gambling or satta is a form of betting and lottery which originally involved betting on the DPMATKA opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange. It originates from before the era of Indian independence when it was known as Ankada Jugar ("figures gambling"). In the 1960s, the system was replaced with other ways of generating random numbers, including pulling slips from a large earthenware pot known as a matka, or dealing with playing cards. MATKA GAMBLING IS ILLEGAL IN INDIA.
Satta Matka King Of India
The lead person who runs the syndicate of matka gambling is known as a "Satta Matka King".
KALYANJI BHAGAT
Kalyanji Bhagat was born a farmer in the village of Ratadia, Games 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 their religiousness. He arrived as a migrant in Bombay in 1941 and initially did odd jobs such as masala ferriwala (spice seller) to managing a grocery store. In the 1960s, when Kalyanji Bhagat was running a grocery shop in Worli, he began the first rudimentary form matka gambling by accepting bets based on the opening and closing rates of cotton traded on the New York wholesale market. He used to operate from the compound of his building Vinod Mahal, in Worli. After his death in the early 1990s, his son Suresh Bhagat eventually took over his business
RATAN KHATRI
Ratan Khatri, known as the original Matka King, from the early 1960s to mid-1990s controlled a nationwide illegal gambling network with international connections which involved several lakh punters and dealt with crores of rupess. Khatri's matka syndicate started in the bustling business area of Dhanji Street in Mumbadevi where idlers used to wager on the daily trickle of the fluctuating cotton rates from the New York market. Gradually, it became a big gambling hub as the quantum of bets and betters increased. Due to a row over a winning number plus the New York market's five-day week schedule, compulsive betters began looking for alternatives. Based on the requests of his friends, Khatri started his own syndicate and started drawing three cards to decide the day's number. Khatri used to draw three cards, twice daily at 9.00pm (the 'open') and at midnight (the 'close'). The value of the open and close cards would be totalled to arrive at a winning number. The numbers would be relayed all across the betting hubs in the country and overseas. For a 25 paise bet the returns were at least Rs. 2.25 or more. Khatri's betting was considered more genuine as the cards were reportedly opened in the presence of patrons. During the emergency in India, Khatri was jailed and served 19 months behind bars. In the early 1990s, he retired from the gambling business and was living near Tardeo; however, he still continued to visit the Mahalaxmi Racecourse to bet on his favourite horses.
Satta Matka Dp Matka gambling History Website for collectted wikipedia
