LAKHPATIBAZAR DAY

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LAKHPATIBAZAR DAY

LAKHPATIBAZAR DAY or satta is a form of betting and lottery which originally involved betting

LAKHPATIBAZAR DAY

LAKHPATIBAZAR DAY or satta is a form of betting and lottery which originally involved 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 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.

LakhpatiBazar Day 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 to keep the matka business alive. A Sindhi migrant from Karachi, Pakistan, Ratan Khatri introduced the idea of declaring opening and closing rates of imaginary products and playing cards. Numbers would be written on pieces of paper and put into a matka, a large earthen pitcher. One person would then draw a chit and declare the winning numbers. Over the years, the practice changed, so that three numbers were drawn from a pack of playing cards, but the name “matka” was kept also some similar names like LakhpatiBazar Day, sattamatka, sattaking,

LakhpatiBazar Day Invention :

In 1962, Kalyanji Bhagat started the Worli matka. Ratan Khatri then introduced the New Worli matka in 1964, with slight modifications to the rules of the game with odds that were more favourable to the public. Kalyanji Bhagat’s matka ran every day of the week, whereas Ratan Khatri’s matka ran only five days a week, from Monday to Friday and later as it gained immense popularity and became synonymous with his name, it began to be called Main Ratan matka.

During the flourishing of textile mills in Mumbai, many mill workers played LakhpatiBazar Day, resulting in bookies opening their shops in and around the mill areas, predominantly located in Parel in Central Mumbai and Kalbadevi in South Mumbai.

The decades of 1980s and 1990s saw the matka business reach its peak. Betting volumes in excess of Rs. 500 crore would be laid every month. The Mumbai Police’s massive crackdown on the LakhpatiBazar dens forced dealers to shift their hiedouts to the city’s outskirts. Many of them moved to Gujarat, Rajasthan and other states. With no major source of betting in the city, many punters were attracted to other forms of gambling such as online and zhatpat lotteries. Meanwhile, some rich punters began to explore betting on cricket matches.

Term Meaning/Explanation
Matka The word matka is derived from a word for an earthen pot. Such pots were used in the past to draw the numbers.
Matka Any digit between 0 and 9 which involves in betting
Jodi/Pair Any pair of two digits between 00 and 99 involves in matka (e.g. : 52)
Patti/Panna A three digit result comes as betting result. All three digit number is patti/panna. Only limited 3 digit numbers are used.
Open result / close result The outcome of matka betting is divided into two parts. The first part is called open result and the second part close result.
SP/DP/TP SP stands for Single Patti e.g. 123, DP stands for Double Patti e.g. 112, and TP stands for Triple Patti e.g. 111
Cycle Patti The last two digit of the patti is called the cycle patti or cp (e.g. if the patti is 128, the cycle patti is 28)
Farak The Farak is how many difference from close result to open result (e.g.if the jodi/pair is 57, 7–5; the farak is 2; some another: “73” is 13-7 – 6 )
Berij The Berij is last digit of jodi’s/pair’s sum. (e.g. if pair is 76, berij is 7+6 = 13; last digit is 3; means berij is 3)

How To Play??

To play, a gambler chooses three numbers between 0 and 9. The three chosen numbers are added together and the second digit of this resulting number is noted down alongside the original three chosen numbers. This leaves the gambler with four numbers, from which point they may bet on the various likelihoods of the numbers or number sequences appearing or being chosen from the pot

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