Gambling – A Tryst With Lady Luck

A mother had finished dressing up her 2 daughters for school by 5 in the morning. After this, she’ll head for the casino for a dose of some gambling activity.

Does it sound like a too absurd to be real situation? Think again

Today, gambling looks like a day to day activity that people overlook too easily. But, they do not realize the potential harm being caused to their lives due to gambling.

Usually, gambling also known as betting is a type of game that involves valuables and money being put at risk. All the valuables or money are at a risk as the chances of wining is really low or is completely dependent on chance. But, you can always use some kind of evil ways to win, but still you can never be completely sure of winning the game.

Gambling are of many forms: 1 of the types is beatable while the other is unbeatable.

The games that can easily be trampled hence creating a numerical positive probability through use of strategy are called as beatable games. A few of them are poker, although it can be classified as game requiring skill; Pai Gow poker, Tiles, video poker, slot machines, horse racing, sports bets.

If none of the strategies in the game helps the player to win the game, then it becomes an unbeatable game. Some common examples on these types are baccarat, roulette, keno, slot machines, craps, casino war, pachinko, faro, 3card poker, 4 card poker, pyramid poker, red dog, Spanish 21, Caribbean stud poker.

Both unbeatable gambling and beatable gambling can be found at the casinos. There are still many more gambling games that aren’t being played in the casinos like mahjong, backgammon, lottery, coin tossing games like head and tail, a few carnival games such as Hanky Pank and The Razzle.

Another type of gambling game is the fixed odds gambling which can be seen in events such as football, hors racing, tennis, baseball, golf and many other sports that entice hundreds of people on betting on the winning team.

Still the same, these are all different types of gambling which does not have a chance of having continuous wins.

In gambling, the people generally try to get back what and all they lost during the course of the game. A few people continue to play the game having a belief that they shouldn’t cut the monotony of their luck. By doing this, they keep betting and end up placing them selves at a risk of having a loss rather than a gain.

Many people who play gambling claim that they play just for pleasure or for a recreation. Many others say that they play it to earn some money and gambling is a really easy way to do earn money.

Since gambling involves a lot of types of mental activity, along with stress and mentality of winner, it is possible to become addicted to the game. In the future, it may affect the person who is involved in the game of gambling.

With all these psychedelic effects due to gambling, a few people even engage in betting whether a statement is false or true, or whether an event will take place at a particular time with another person. This happens generally on situations where 2 people debate against each other with strong views against each other. Generally, The 2 people place bets for money or for fun just to make their point on a certain issue.

Due to the bad effects of gambling, many legal jurisdictions decide not to legalize the gambling activities. Due to this, all contracts that have led to debts because of any gambling activity are taken as unenforceable by law.

This is the reason gambling is a risky activity. People who gamble merely do not understand the harm of gambling to them.

As told, never put good money just after bad money. If by any chance you are involved in gambling, stop immediately to avid any loss on your side.

Gambling Poker Players – Bringing The Risk Factor To Light?

Poker being basically an American game has various ways to be followed to play. These days there is a huge variety of poker software games to play. In all the cases the user is engaged in the gamble played using the poker software.

The users who play poker mortgage their money in order to meet their needs. This becomes the reason for many people to invest money in this though they face a high risk of losing it.

In order to keep yourself from wasting all the money gambling, you should have certain limitations. As an initiative before initiating the game, a limitation should be established in such a way that the limitation is followed till the game comes to an end.

During the gambling match one must not drunk and then get set for the game or play when one feels exhausted. The above mentioned factors bring down your involvement in the gamble. Of course gambling match depends basically on the talent of dealing with the cards and not merely luck.

One must never forget that he is not supposed to lose the stuffs gained by gambling. If you have completed the game, you can just move out of the area. Do not stay for a long time even if you can. One may be put in a position to lose the gained money or even gain more money by gambling again.

One must know the general rules for challenging something in the gambling game before playing the gambling poker. If you are not aware of the rules of the game you may be put in a very bad situation, provided you play the game without any idea of gaining or losing your wealth.

There are various methods to go forward in a gambling poker. The methods may be easy or even difficult.

Positive progression betting system is generally used in the gambling poker. Use of this method to proceed with the game helps the player to increase the gains in gambling. The system of playing the game involves investing fewer amounts and can easily lead you to victory.

Negative progression systems also come under one of the methods of gambling poker. The gamblers can add more value to the challenge when the person stands a chance of losing or winning the bet. This system involves more investment but promises the probability of less victory than the previous method. Losing a gamble can be too disastrous.

Another method of playing is insurance betting method wherein a person can reduce the value of the bet when he wins. This victory can be preceded by a primary challenge.

You should be aware of the rules of the game so that one can understand the things that go on during the game.

Besides knowing the types of games, it is also required to know the fundamentals of gambling poker. Your knowledge about them helps you to restrict your gamble to your limitations.

The proper knowledge of the restrictions and the types of game, the various card permutations, the fundamentals of challenging is very important before playing the game. One must also know about the devices used there. One can enhance their knowledge of the game and enjoy it if one does the above mentioned particulars.

One must also remember that gambling pokers are not the right option for the people who are in a look out for a pleasurable work to do. The gambling poker can prove to be a task that inhibits more of tension than satisfaction.

Amarillo Slim commented that poker was a game of public. He also remarked that it was not the hand of cards that mattered but the people he was playing with.

Casino, Sports Betting, and Lottery – A Comparison of the House Edge

The house edge, which is the commission that a gambling agent such as a

casino, a sportsbook (bookmaker), or a lottery administrator charges, is a

yardstick that measures how a specific gambling game is fair and reasonable.

It is one of the most important factors that every player should consider whenever he/she is engaged in any type of gambling, inasmuch as it indicates how much of the money wagered goes to the gambling agent’s pocket and how much is redistributed to the winners. Indeed, a house edge cannot be zero since casinos, sportsbooks, and lottery administrators have to make some money in order to cover their expenses, and to make some profit as well. Yet, a high house edge simply means that the players are unnecessarily being ripped-off, and as a result, any gambling game with a high house edge should certainly be avoided by a

knowledgeable gambler.

In this article, we shall compare, in the simplest way

possible, the house edges of a roulette, an evens-odd betting, and a Cash 3

lottery game as representatives of the three major gambling categories.

The Equation

The easiest way to compute a house edge is to compare the actual winnings that are

paid by the respective agents to the winnings that would be paid in a

fair game or bet. A fair game or a fair bet is one in which no commission

is involved; an obvious model is a game between friends. Therefore, in

percentage form, the house edge is obtained by subtracting an actual game winning

from a fair game winning and dividing the result by the fair game winning,

finally multiplying by 100. Thus,

House Edge = [ (fair game winning – actual game winning) / fair game winning ] *

100

Roulette

Because of its simplicity and popularity, we shall consider the roulette as a

representative casino game. A European roulette wheel has grooves marked by the

numbers 0 to 36; the American wheel (also called Las Vegas wheel) has an

additional groove marked as ’00’. So, the European wheel has a total of 37

numbers, while the American wheel has 38. Internet casinos usually make available

the option to select the type of wheel the customer prefers, but the brick and

mortar casinos normally offer only one type. The winning number in a roulette

game is the number corresponding to the groove where a spinning ball lands.

Now, consider a fair game in which 38 friends are playing the roulette at home,

and each one selects a number and places a $1 bet on the number (no two or more

players wagering on the same number). When the ball is spun and lands in a

groove, the number marking that groove will be the winning number.

The person who has selected this winning number collects all the money on the

table thus making him win $37. On the other hand, if the game were conducted in

a casino, the winner would be paid only $35. The difference between the two

winnings applied in the above equation gives us the house edge of a roulette game

as

( 37 – 35 ) / 37 * 100 = 2 / 37 * 100 = 5.4%

This means that every time you spend a $100 on an offline or online casino roulette, $5.40 goes to the casino and the rest is redistributed to the winners. Evidently, there are quite a number of casino games and the house edge varies

from game to game, many of them having a house edge less than that of the

roulette. For obvious reasons, a good gambler always prefers games that have low house

edges, while the casino itself loves those games with high house edges. For example,

the house edge of craps is 1.4% which makes it one of the most preferred casino

games by the players.

Even-odds Sports Betting

Again, because of its simplicity, we shall consider an even-odds betting as a

representative of this category of gambling. By even-odds we mean that the event

(usually a sports game) has equal chances of going either way. An example is a

tennis match between two competitive players each of which has an equal chance

of winning the match.

A fair bet, in this case, is just a simple bet between two friends who just

pick one of the tennis player as winner. If these two friends wager $1 each, the

winner will collect $2, thus winning $1. If instead the bets are placed

through a sportsbook, the winner will collect only $1.91, since the odds of an

evens game at most bookies and online sportsbooks is 1.91. If you are not familiar with the

decimal representation of odds, 1.91 is the same as 10/11 in UK notation and

-110 in US odds notation. Odds of 10/11 mean that you’ll win $10 when you wager $11; and odds of -110 mean that you have to wager $110 in order

to win $100. Anyway, since the winnings paid by a sportsbook is only $0.91, the house

edge of an even-odds betting
will therefore be

( 1 – 0.91 ) / 1 * 100 = 0.09 * 100 = 9%

So, this is how sportsbooks make a living. Since several internet sportsbooks offer odds higher than 1.91 in order to lure

bettors, the house edge could be smaller than 9%, which is one of the things that the bettor should be looking for when searching for a sportsbook. On the other hand, if the bettor is

wagering on parlays the house edge would be significantly higher than 9%; for

big parlays, it could go as high as 40%.

It should be apparent by now that the gambler is better off with casino games

than sports betting. It should also be noted that while the house edge could

be a major factor to consider while selecting a gambling game, it is by no means

the only one. For instance, one should consider the fact that casino games are

mostly games of chance, while sports betting also involves a learned decision in

selecting a pick, consequently leading to a higher probability of winning a bet.

Cash 3

Depending on the state you are in, this lottery game may be known by a

different name such as Pick 3, Play 3, Daily 3, etc. In this game, the player

selects a three-digit number from 000 to 999, and plays the number as a straight

or as a box. A straight play is a prediction that the number will come exactly

as selected while a box is a prediction for the number to come in any order. For

instance, if a player selects the number 672 and plays it straight, he/she will

win if the number drawn is exactly 672. Instead, if the player plays 672 as a

box, he/she will win as long as the drawn number contains a 6, a 7 and a 2, in

any order (276, for example). Obviously, a straight game pays much more

than a box game for the same amount wagered.

Now consider 1000 friends (maybe in a club) selecting a number as a straight,

each for $1, so that all the 1000 possible numbers are covered. When the winning

number is drawn, the person who has selected that lucky number will be deemed a

winner and will cash in all the $1000 collected, so making him win $999. This is

a fair game. In the case of state lotteries, however, the winner will be paid

only $500 in most states. Some states may pay a little bit less, others may pay

a little bit more, but $500 is more or less the standard. The winner therefore

wins $499. The house edge for a Cash 3 game will therefore be

( 999 – 499 ) / 999 * 100 = 500 / 999 * 100 = 50%

This house edge applies not only to the Cash 3 game but also to all state

lottery games such as Play 4, Cash 5, Mega, Fantasy 5, Lotto, Power Ball, etc.

So, whenever you are playing the state lottery, remember that you are wagering

only half of your money on the actual lottery; the other half, you are

just giving it away. Where this other half goes is not the gambler’s concern,

since his/her main objective is to win some money in order to pay the ever

present bills, or to get out of a miserable life, or to change his/her

20-year-old car. As regards contributing to education and other noble causes,

there are other means of collecting money called taxes and charities.

Unfortunately, many states do not allow casino games, and furthermore,

sports betting is illegal in the United States. The player is therefore left

with no choice but to cross state borders in search of a casino, or more

recently, to engage in online sports betting through the several offshore

internet sportsbooks. Nowadays, there is a plethora of trustworthy online

casinos and sportsbooks operating from Canada, the UK, Antigua, Costa Rica, and

so on.

The Conclusion

As far as the house edge is concerned, it has been shown that casino games

are the best choice for the gambler. On the other end, any state lottery is a

pretty miserable game to play. Nevertheless, besides the house edge, there is

also the possibility of winning to consider.

Casino games, like lotteries are mostly games of chance; the player just

selects a number or numbers and waits to see what luck brings him/her. There is

absolutely no basis to prefer one number to others. Some people try to analyze

previously drawn numbers in order to see the trend and predict the next numbers.

This strategy may work a few times, but not always. Keep in mind that it is the

players, and not the machines, who remember the previous numbers. In short, the

possibility of winning a roulette or the lottery entirely depends on luck.

While there is little or nothing that a roulette or a lotto player can do to

initially select a possible winning number, the situation could be quite

different in the case of betting. With a lot of information and some assistance from

sports handicappers, it is possible to predict the outcome of a sports event

with more certainty than predicting a Cash 3 number.

Learn About Casino Gambling

Casino gambling is one of the most common words of today’s world, which is composed of two different words “Casino” and “Gambling”. Casino was originated from the Italian word “Casa”, which means house, villa, or summerhouse. Gambling means betting money or any other material that has monetary value to win any event with uncertain outcomes. So, when we connect those two words, it suggests us of any place where people usually risk their money to win any unpredictable event.

In modern casinos, generally casino owners make arrangements for many games to play. People usually play and gamble money to win that game or to win any uncertain outcome in different phases of the game. It is actually judging your luck by investing a lot of money. Keno, Bingo, Baccarat, Roulette, Black Jack, Slots, Poker, Craps are examples of gambling games for which people risk their money.

Irreversible bet, chance dependent outcomes, and gambling money or valuable things for those outcomes are some common and primary rules for any casino gambling game apart from its’ playing rules.

As a new person in this gambling arena, it is very much usual to ask about the revenue of casino gambling, winning rate, and tips necessary to win. Tips for winning any casino gambling game varies from game to game due to their rules of playing. Winning rate can’t be predicted and there is no certain data on this and no such sources are available to verify the existing data. It is obvious to have a little winning rate due to its’ uncertain nature.

One can find a lively environment in a casino as the first intention of any casino owner is to attract people there. A lot of money is spent for its’ interior decoration that draws people there to enjoy and play. You will find dazzling lights, expensive carpets, hot and sizzling waitresses all around you to feel something very appealing.

When it comes to know about the revenue of casino gambling, you will definitely be amazed to know the numeric value. About $37 billion was the revenue of US based casinos in 2012, which is 4.8% more than the revenue of 2011.

This numerical value suggests something very big for the future and with the advancement of technology, gambling is no more bounded to casinos. Online gambling is the future of this growing industry, and we hope many things have yet to come to make us thrilled about this industry.

A Lesson on the Golf Hustle, a Gambling Game – Sticks

A little known fact outside of the golfing world is that more than $ 10 Billion a year is gambled on golf right here in the United States alone. The only thing bigger is the Super Bowl and the Final Four combined!

This is what my golf lessons are all about – to teach you the different gambling games, the science of betting, strategy, hustling, attitude and more.

Hustling at golf is a lot easier than you think. Learning the games involved in any golf hustle or competition is well worth the few minutes it takes to go over the rules. Having the rules down before hand is key because if you are the expert and explainer of the rules, you'll start the round with an edge.

This is what hustling golf is all about – betting with an edge. For fun and money, people who play golf like to make things interesting either by wagering money, a soft drink at the end of the round or just plain bragging rights and "pick-up sticks" or "sticks" is a great and fun game to play the next time you get out there on the course.

Sticks is a lot of fun and very entertaining. The game is played match play and for each hole a player loses, he takes one club in the winner's bag out of play.

The loser of each hole also can reclaim a club taken out of his / her bag on previous holes. Decide beforehand if putters are in play or not. Usually, players agree to keep the putters out of it and leave them alone as they are integral to the game but including them does add to the fun.

Personally, putting with a wedge or a 2-Iron can be easy if you practice for just a few minutes before your next round so I suggest including the putter after just a few drills with your putting.

In fact, after breaking their putters during a round, Fuzzy Zoeller used his wedge and Ben Crenshaw used his 2-Iron on separate occasions. Therefore, if you practice with a 2-Iron or wedge and your opponent does not, you'll be at a major advantage if you include the putter – again betting with an edge.

Time for a little golf hustle strategy – DO NOT immediately grab the driver from your opponent's bag as most people do. It is the worst club to take away, period. Most players would actually do better without their driver, using their 3-Wood or 2-Iron to tee off with, leaving them 220 yards in the middle of the fairway instead of 260 yards deep into the rough.

If you know your opponent's weaknesses before hand, you'll be much better prepared to choose as you've already learned the lessons as to what to choose first.

The best club to take first is the sand wedge, hands down. A lot of players rely on the sand wedge for nearly every shot within 100 yards. It is nearly impossible to get up from any greenside bunkers without that club.

However, look to see if the player carries a lob wedge. If they do, grab that first and then the sand wedge. Clearly, if a player carries a lobber, they rely on that and that's what The Golf Hustler is all about – betting with an edge.

Although a silly golf game for sure, this is an excellent game to start wagering for fun or profit for beginners. You'll be forced to create shots, punching a 4-Iron to make it act like a 6-Iron or hitting a running hook to hit a 6-Iron as far as a 4-Iron, etc.
Either way, if you're prepared, you'll be in position to win a lot of money (or bragging rights).

Also, the opportunity for "proposition bets" is abundant. If you've won several holes in a row, make the bet that you can hit it closer to the pin with your 5-Iron from 60 yards out than your opponent who still has his lob wedge or anyplace else where you think you have an edge, or any similar shot – use your imagination!

As always, good luck, good hustling.

Freddy Kaboot