![]() ![]() Kalyanji Bhagat's matka ran for all days 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. 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. In 1962, Kalyanji Bhagat started the Worli matka. Over the years, the practice changed, so that three numbers were drawn from a pack of playing cards, but the name "matka" was kept. One person would then draw a chit and declare the winning numbers. Numbers would be written on pieces of paper and put into a matka, a large earthen pitcher. A Sindhi migrant from Karachi, Pakistan, Ratan Khatri introduced the idea of declaring opening and closing rates of imaginary products and playing cards. 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.
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