An online Lottery is a popular form of gambling that not only helps you in winning cash prizes but also goods and services. Lotteries are also used in public service as a good cause. Testing your luck to earn a large amount of money might become addictive, and so many people try to avoid gambling of any sort. Satta Matka on the other hand is a game of betting.
Playing games in online casinos or buying tickets for online lotteries can be some ways to earn real cash while sitting in the comfort of your homes.
If you are going to risk yourself in earning more money, you might as well choose the source that will give you the maximum payout. Remember to gain knowledge of all the options you have. Then compare them and decide on which one to choose.
Let us look at two options, Satta Matka and Online Lottery, and compare them to find out which one is better.
What is Satta Matka?
Starting with the terminology, “satta” means to bet, and “matka” is an earthen pot that is used to store things. Indian Satta Matka started with betting on the opening and closing rates of cotton that was being exported from the New York cotton exchange to the Bombay cotton exchange. In the earlier stages, it was known as the “ankada jugaad”, which means “figures gambling”. Later on, this was replaced with other forms of generating random numbers, like chits, which were pulled from the matka or playing cards.
Satta Matka is a form of lottery. It is also very easy to play, and the excitement of winning jackpot keeps the player on toes. In earlier days, people used to go to the Satta Market to place their bets or to know the results. Now, even though it is illegal, Satta Live can be played from your home on your computer.
The rules can feel a little complicated. Let us take examples to understand it better.
You choose any three numbers randomly. Here let us take 7,3,8. Then add these numbers and take the last digit of the answer. The added number is 18, so the next digit would be 8, i.e., the last digit of 18. Similarly, you take another three random numbers and add them to get the 5th number. Let us take 1,9,6. The last number would be 6 (1+9+6=16). The final card will look like 738-86-196.
The bets are then placed in either Jodi, or Panna, and Patti. “Jodi” is when the bidding is made on two numbers. Here, it will be 86. And in “Patti”, the bet is placed on three numbers. In the given an example, it can be 738, or 196. The chances of winning in Satta Matka completely random and based on one’s luck. The only thing the player can do is keep the loss to a minimum by not betting high amounts of money.
The payout rate depends on the Matka bidder. Sometimes when the player bids the high amount of money, the Satta bidder may cancel it because he/she won’t be able to afford it. There is always a lot of risk in this game. That’s why you should use only authentic sites when playing Satta Live. The person who wins the lottery is called as the Satta King. The Satta bidder takes 5% of the wager from the Satta King.
While Satta Matka is illegal offline, it is often played in online forums.
What is Online Lottery?
Many people have shifted from Satta Live to Online Lottery India. The payout opportunities in Ticket Lottery is more than that of Satta Matka, and so it is growing in popularity. Ever since the betting has become online, more people prefer virtual bidding over reality bidding. It is obviously more convenient due to availability from the comfort of their homes, regardless of the location, and it also saves time.
To start betting, you should first go to an online website that deals with Online lottery. You can bet, and the lottery combination will be drawn. Some websites are used as an avenue by standard lottery games. Players can use this website to bet. The lots, however, are not drawn by the website. They are drawn by the physical lottery provider.
Most sites have the same playing process. You can select the Ticket lottery you want to purchase, or you can also let the computer pick one for you. Make sure you use trusted sites that are not rigged so that the outcome will be random and fair. You can then wait for the results or buy more tickets.
The minimum amount of purchase usually starts from Rs. 50. It also depends on the site and the jackpot prize. You can use your debit card, credit card, mastercard or any other online payment method that has been used by the lottery company. You can visit the sites through your desktop, laptop, mobile phones. Some lottery apps are also available in Play Store to attract more people and give the gaming experience whenever and wherever they can.
The huge jackpot prizes encourage many people to take bigger risks. Some get addicted to the extent of betting their houses and lands. No matter the price, one shouldn’t bet more than the necessary amount.
Satta Matka is illegal in India
Satta Matka is a game of chance and luck, not of skills. This makes it more harmful as many people just want to try their luck, even after they lose a lot of money. The Public Gambling Act, 1957, has announced Satta Matka illegal.
There are many sites where you can play Satta Live without the use of money. While Satta Matka is illegal, some sites allow you to play it since they are offshore markets. However, it remains illegal and it can land you in trouble.
International Lotteries pays out more money
It is a known fact that the International ticket lottery pays more than Indian Satta Matka. And since Satta Matka also happens to be illegal, players buy more tickets from the International lotteries in the hope of earning a larger amount of money.
Local gambling games do not offer a huge amount of money as compared to international lotteries, but the chances of winning are relatively higher than that of the International ticket lottery. International lottery sites attract more players from all around the world, which helps in the collection of a larger amount for the jackpot prize. International lotteries are also said to be more profitable in the long run.
Lottery winnings are taxable in India.
Irrespective of where you win your lottery from, international or Indian, your lottery winnings are subjected to tax. If you are the Satta King, it increases your chances of being caught by the police for earning money through illegal means. Lottery winnings are not appreciated by the Indian Law, so you might have a hard time explaining your mysterious income.
On the Indian lottery, 28% GST and 31.2% TDS is levied. Whereas, on international earnings, only 31.2% TDS is levied, which sometimes the international lotto websites already deduct and send. If you win the same amount in both places, the second one seems more profitable. Even though gambling in any means is not recommended, you should at least make sure to earn more than you risk. After studying and comparing both forms of the lottery, the Online lottery seems to be at an advantage because of the higher payout and less complicated taxing system. Plus, it is not illegal either.