Satta Matka - The Lotto Play Name That Was Used Earlier
Satta Matka is a type of lottery and gambling that in the past involved betting on both the opening and closing prices of cotton exchanged from the New York Cotton Exchange to the Bombay Cotton Exchange located in India. It originates during the pre-liberal age of Indian economy, prior to the age of the British Empire. This form of trading developed in the year 1820, when traders, either individually or in small groups, started visiting the various cotton mills located in the Indian Thar Desert regions. Initially there were no written rules for this type of gambling. In fact there were no set laws at all regulating this type of business in the early days. Gambling, especially betting on horse races, was a largely underground operation and individuals, especially those from lower and middle class Indian and European backgrounds, dealt with this business in a totally informal manner. However, over time the Indian government realized the potential of this betting bu...