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Ans. atta Matka, Matka gambling or satta was a full-fledged lottery game started in the 1950s just after India's Independence. It was then known as 'Ankada Jugar.' It evolved with time and became completely different than what it was in the beginning but the name 'matka' stayed. The modern-day Matka gambling/ Satta King is based on random number selection and betting.
Ans. Indian Matka gambling is a very simple game and is a form of lottery. The game was founded by Ratan Khatri back in the 1970s and was popular up until the 1990s. You would go to a satta bazaar to play it. The game is not played very much anymore, mostly in the regions of India and Pakistan. Instead, many enjoy the lottery games more so these days.
To win at Matka Satta, you have various rate payouts, ranging from 9/1 to 999/1. You can bet on the chance of all numbers coming up to the first, last, or any other type of bet allowed by the Matka gambling bookie. For this reason, it can be an attractive game because of the payout multiples, but the game is merely a game of chance and therefore can not be beaten. It requires luck to win, but many are superstitious about their numbers and always play them, just like the lottery games.
Ans. The Satta betting agent should only take a maximum of 5% of your wager amount assuming you win. Because the game is all luck and neither the agent nor the bettor has an advantage, the bookie should take home 5% on every Rupee wagered. Heavy betting on a certain number, or combination of numbers can be a dangerous scenario. If those numbers come up, it is very likely your bookie will vanish because he can’t afford to cover the wagers. When the cards and numbers are picked, generally at 9 PM and 12 at night the winners are declared. This is how a payout would occur.
The origins of Indian Matka gambling involve wagering on the daily price of cotton according to the Bombay and the New York Cotton Exchange. Nowadays, Matka betting, or Satta King, is a popular lottery-style game. It involves the selection of random numbers in the hopes of hitting the right number combination. The winner becomes the Satta King and they earn the bulk of the prize pool. What ever happened to the legendary Ratan Khatri – Matka King? After his arrest in 1995, he had to discontinue his games and now crooks are running the game he loved so much by fixing the numbers. To this day, Khatri is still at the racetrack betting horses for only 5-10 Rs. A big fall from grace, but his name remains legendary among Satta Matka games in Mumbai.
Satta is not currently legal in India, but it is still big business. Lotteries have become more attractive online because they combine all lotteries on an international level, so those from India can leverage their bets by only picking lottery cards where the jackpot is the biggest. India has a relatively small lottery jackpot while the US and EU countries have jackpots commonly in the 100’s of millions of Euros/USD. For other betting games, a large majority of Indians are still betting with local bookies, but more are using the internet at online casinos and online bookies like Betway for cricket and other sports or casino games.
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