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The game is based on the Kalyan chart, which is a type of chart used by astrologers to predict future events. To play the game, players guess the opening and closing rates for cotton, which are then compared to published prices on the New York Mercantile Exchange. The player whose guess is closest to the real prices wins the game.
Players can bet on the opening or closing rates of cotton, or they can bet on the difference between the two rates. They can also choose to wager on the total number of points that the opening rate exceeds the closing rate. Players can also bet on the total number of points that the closing rate exceeds the opening rate.
Matka is played in a number of ways, depending on the region. In some areas, the game is played in clubs and is organized by a bookie. The bookie collects all of the bets and pays out the winnings. In other areas, the game is played online, with players betting on the same Kalyan chart.
Regardless of how the game is played, the object is to accurately predict the opening and closing rates of cotton. If a player can do that, they stand to win a substantial amount of money. The game is also quite popular in India, with millions of people playing it every day.