what was satta in history class 8
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Matka gambling or satta is a form of Lottery which originally in walled bettering on the opening and closing rates of cotton transmitted from the new york cotten Exchange it ori
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Satta or Matka gambling is a type of lottery which involved gambling for cotton prices in the New York Cotton Exchange.
Explanation:
- The system was older than era of Independence of India.
- The opening and closing rates of cotton were gambled.
- At that time it was known as Ankada Jugar or figures gambling.
- Later in 1960, the slips were pulled from earthen pot or matka, hence the name was given or doing gambling using playing cards.
- The betting rates were transmitted from New York Exchange to Bombay cotton Exchange for carrying out trading using teleprinters.
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