Satta king ratan khatri wiki

Form of gambling

Matka gambling or satta is a form of betting and lottery^{[clarification needed]} which originally involved^{[clarification needed]} betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange.

It originates from before the Partition of India when it was known as Ankada Jugar ("figures gambling").

Khatri's story is one of remarkable transformation and resilience.

Khatri's story is one of remarkable transformation and resilience.

Ratan Khatri, considered by many as among the pioneers of betting in India, has died, family sources said on Sunday.

Ratan Khatri.

Ratan Lal Khatri was born in Ratan married Ms. Khatri.

An enterprising cotton trader in Mumbai starts a new gambling game called Matka, taking the city by storm and democratizing a terrain previously reserved.

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.^[1]

History

In the original form of the game, betting would take place on the opening and closing rates of cotton as transmitted to the Bombay Cotton Exchange from the New York Cotton Exchange, via teleprinters.

In 1961, the New York Cotton Exchange stopped the practice, which caused the punters to look for alternative ways