Satta Matka is primarily a type of gambling that originated in Mumbai, India. ‘Matka’ is a word that’s frequently used as a synonym for ‘gambling’ in India. Ratan Khatri is the man credited with introducing the the Final Tip To playing Satta Matka proposition in India. Matka which is also known as Satta is an imaginative system of gambling on numbers. Bookies or punters bet money on numbers which are generally two or three digit and the winning number receives eighty times the sum wagered. However, there are smaller wins as well. Many think that the game of matka is simple but it’s not as simple as it seems. Though, it’s mandatory to draw the cards in the presence of patrons, it’s rarely done. These days, operators are known for using state of the art statistical methods. The number which has minimum bets are frequently drawn, to bring a windfall of about Rs 10 to 12 crore each day for the operators. A bet placed of Rs 10 could get around Rs 1500 for the player. In most cases, a gambler tries multiple options to make easy money.
The punters or bookies all across Mumbai operate on kind of franchise. If there is heavy betting on a specific number and the bookies won, then they are known to have disappeared overnight. In essence, a bookie 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 (combination) 4 8. At the end of the day if 4 is selected as open, he gets INR 9. In the same fashion, if 8 wins he gets another INR 8 and 48 is declared he gets INR 90. The bookie then forwards the money over to the local sub agent, who keeps a certain percentage of commission on the amount. In turn, this sub agent then passes over the money to the local bookie with details of bet amounts and numbers. This money now goes up the chain of punters known as Khaiwals. The number is called out every evening. The Satta matka king pulls out three cards of a pack. These three cards add up to get the open number. The first card is pulled at 9 pm and is called the open card. The second and last numbers are decided at midnight. As per the sources, the declared number information is transmitted through calls to every corner of the country and even out of the country within half an hour.
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