Satta Matka is a form of gambling that originated in India in the early 1900s. The game is based on the opening and closing prices of cotton traded on the Bombay Stock Exchange (BSE). Players bet on which number they think will be the opening or closing price of cotton.
The game was originally called Ankada Jugar, which means “number game” in Hindi. It was played by people who worked in the cotton industry, and it was a way for them to make money off of the fluctuations in the cotton market.
In the 1960s, the game was renamed Satta Matka. This is because the numbers were no longer drawn from the BSE. Instead, they were drawn from a matka, which is a large earthen pot.
Satta Matka quickly became popular throughout India. It was a way for people to make quick money, and it was also a way for them to socialize and gamble with friends.
In the 1980s, the government of India cracked down on gambling. This led to the closure of many Satta Matka gambling dens. However, the game continued to be played illegally.
In the 1990s, Satta Matka went online. This made it easier for people to play the game, and it also made it more difficult for the government to regulate.
Today, Satta Matka is one of the most popular forms of gambling in India. It is estimated that billions of rupees are wagered on the game each year.
The game is still illegal in India, but it is widely played. There are many Satta Matka websites and bookies that operate online.
If you are considering playing Satta Matka, it is important to be aware of the risks involved. The game is illegal, and there is a risk of being scammed by a bookie. Additionally, the odds of winning are very low.
Here are some of the risks of playing Satta Matka:
If you are considering playing Satta Matka, it is important to weigh the risks and rewards before making a decision.
Here are some of the benefits of playing Satta Matka:
If you decide to play Satta Matka, it is important to do your research and find a reputable bookie. You should also set a budget and stick to it.
Gambling can be addictive, and it is important to be aware of the risks involved before you start playing.