Matka King Review: Vijay Varma's Best Performance Yet?

Matka King Review: ⭐⭐⭐½☆ (3.5/5)

Matka King stands out for Vijay Varma’s powerful performance and its immersive 1960s Mumbai setting. While the storytelling feels engaging, predictable plot beats and uneven pacing keep it from reaching top-tier crime drama status.

There’s a particular kind of story that Indian OTT does really well — the rise-and-fall of a man who built something extraordinary outside the rules of the legitimate world. Scam 1992 did it with the stock market. Mirzapur did it with crime and territory. Sacred Games did it with Mumbai’s underbelly across decades. Matka King does it with gambling and with one of the best series India has produced in years.

Matka King features Vijay Varma playing Brij Bhatti, a mill manager with an entrepreneurial mindset who comes up with the idea of matka — a game involving numbers. It’s a rags-to-riches story set in 1960s Bombay, inspired loosely by the life of real gambling legend Ratan Khatri. But what it really is, underneath the period costumes and the smoky gambling dens, is a question: was it all worth it?

The Story: An Ordinary Man and an Extraordinary Hustle

The series follows Brij Bhatti, a cotton trader who finds himself at the intersection of opportunity and desperation. Bombay is changing, but not for everyone. The divide between the rich and the working class is stark, and the system does little to bridge that gap.

Brij’s answer to that gap is Matka — a number-betting game built around earthen pots that democratises gambling, pulling it from elite circles into the hands of mill workers, chawl residents, and ordinary people who have very little but are willing to dream big. The game spreads fast. The empire grows. And then, inevitably, holding onto the crown turns out to be harder than building it.

The writing consistently returns to the idea of power as a system rather than a single act. Gambling is not treated as a standalone vice. It is part of a larger structure — one that includes politics, law enforcement, and the media. That’s what lifts Matka King above a standard crime saga. Brij isn’t just fighting rivals — he’s navigating an entire ecosystem that was never designed for someone like him to win.

Matka King Review - Vijay Varma Leads A Retro Crime Drama That Is Engaging Yet Familiar Crime Saga

Vijay Varma: This Is His Show

Let’s get the most important thing out of the way first. Vijay Varma has been bouncing around in the audience’s consciousness for a while with outstanding performances in Gully Boy and as smooth-talking villain in Dahaad. Matka King solidifies his ability to carry an entire series on his able shoulders.

His performance as Brij Bhatti is measured and precise. He does not play the character as overtly dominant or theatrical. Instead, there is a steady build. You see the calculation, the restraint, and eventually the cracks.

Director Nagraj Manjule summarised Brij’s character clearly: “His only superpower is honesty.” That characteristic can’t be spelt out — it has to be felt. Your trust builds up in the character. You start to believe he is speaking the truth. Varma delivers exactly that. There are no wasted gestures, no moments of theatrical excess. He makes Brij feel like a real person making consequential choices, and that groundedness is what the series earns its emotion from.

What stands out is how he handles the internal shift. The mental strain and the slow erosion of control is never overstated. It sits just beneath the surface. It’s one of those performances you keep thinking about after the credits roll.

The Supporting Cast: Strong Where It Counts

Sai Tamhankar brings emotional weight to the domestic track, especially in moments where personal life begins to fracture. Kritika Kamra’s presence introduces another layer to Brij’s choices, though her arc feels slightly underdeveloped.

This is the series’s most consistent criticism across reviewers — and it’s a fair one. Both Sai Tamhankar and Kritika Kamra are strong performers who deserve more. They bring genuine texture to their scenes, but the writing doesn’t always give them the space to fully breathe. Tamhankar in particular earns every scene she gets, and you find yourself wishing the series had given her more of them.

Gulshan Grover as Laljibhai adds the right kind of menace and Girish Kulkarni brings quiet authority to his role. The ensemble fills the 1960s Bombay world convincingly — every corner of Brij’s world feels populated by real people.

Direction: Nagraj Manjule’s Biggest Stage

Nagraj Manjule bringing his sensibility — honed through Fandry and Sairat — to a streaming crime saga was always going to be interesting. The result is both the show’s greatest strength and, in places, its most visible limitation.

The production design is a major highlight of the series. The recreation of 1960s Bombay is detailed and convincing — crowded chawls, smoky gambling dens, and the texture of a city that was still finding itself. Manjule shoots it all with care and a sense of place that makes the world feel real rather than constructed.

The narrative revolves around the intricacies of the game, its permutations and combinations, and the interpersonal conflicts that keep you invested and guessing. When it’s working, the series has a rhythm that pulls you forward episode to episode.

Where it stumbles is in the mid-section, where the pacing loses its momentum. A few episodes in the middle stretch feel like they’re running in place — building tension that doesn’t quite release at the right moments. The series finds its footing again in the final episodes as the consequences of everything Brij has built begin to close in around him.

What Works, What Doesn’t

The honest assessment is this: Matka King is a good series that occasionally touches greatness and sometimes settles for less than it should.

As the series moves towards its conclusion, the parallels with a man trying to fix everything he has broken become more apparent. A man willing to pay any price to reach a certain destination, even if it means destroying everything he has built. The journey becomes about consequence — about whether the climb was ever worth the fall. That existential weight is where the series is at its most powerful.

Matka King is not a complete knockout, but it is undeniably a compelling watch. If you go in expecting Scam 1992-level precision, you might finish it with a mild sense of what could have been. But if you go in for Vijay Varma doing the best work of his career, in a world built with genuine craft and historical texture, you won’t be disappointed.

Also Read: Kaptaan Review: 5 Reasons to Watch This Gritty Crime Thriller on Amazon MX Player

Verdict: Should You Watch It?

Yes — particularly if you enjoy period crime dramas and want to see one of Hindi OTT’s most interesting actors at the peak of his powers. Matka King has real ambition, a genuinely compelling premise, and a central performance that earns its place among the best the format has produced.

It’s not flawless. The pacing dips, some characters deserve more than the script gives them, and it doesn’t quite reach the heights Nagraj Manjule’s filmography promises. But Vijay Varma makes it worth every episode.