The Games Gamblers Play: Casino Gambling 101
Casino gambling. The first thing that enters our mind is Vegas, slot machines, bright lights and chips. If you’re not a gambling person and you don’t know a lot about casino gambling, then read on...
According to the Wikipedia Online Encyclopedia, a casino is a building that accommodates casino gambling. Customers may gamble by playing slot machines or other games of chance and some skill. Casino gambling games usually have mathematically determined odds built in that ensure the house retains an advantage over the players. This advantage is called the “edge”. “Payout” is the percentage given to players. Some statistically even games may take a commission or tax, a "rake" on bets customers make against each other.
There are a lot of casino gambling games which can get you hooked in no time. First of all, you have the classic slot machine. A slot machine is a coin-operated casino gambling machine with three or more reels that rotate when a lever on the side of the machine is pulled. It includes a currency detector that validates the coin or money inserted to play. The machine typically pays off based on patterns of symbols visible on the front of the machine when it stops.
Sadly, casino gambling games often offer the player the illusion of control in which the player is given choices, but these choices do not eliminate the player's long-term disadvantage. This disadvantage is caused by the casino not paying the full amount that would be expected for the odds wagered. For example, if one game was played by betting what number a roll of a die would give, instead of paying 6 times the amount bet for winning, the casino only pays 5 times the amount bet.
This system is often found in famous casino gambling games like Poker, Craps, Roulette or Blackjack.
Poker is a very popular casino gambling card game. The players, with fully or partially concealed cards make wagers into a central pot, after which the pot is awarded to the remaining player or players with the best combination of cards.
Like Poker, Blackjack is also a very popular casino gambling card game. Much of its popularity is due to the mix of chance with elements of skill and decision making, and a practice called card counting. It is a skill in which players can turn the odds of the game in their favor by making betting and strategy decisions based on the cards that have been dealt. Players suspected of card counting are usually banned and blacklisted by casinos.
Craps is a famous casino gambling game using dice. Players wager money against the casino on the outcome of one roll, or of a series of rolls of two dice. The rules vary slightly from one casino to another, but the expected value of most bets is only slightly negative. All bets have a negative expectation, except the "free odds" bet with an expectation of 0, that the player is allowed to make after a point is established on a flat bet. Unlike in Blackjack, there is no possible winning strategy over any given period of time.
Roulette is a signature casino gambling game. A croupier turns a round roulette wheel which has 37 or 38 separately numbered pockets in which a ball must land. The main pockets are numbered from 1 to 36 and change between red and black, with number 1 being red. In addition there is a pocket numbered 0 of green color. In most roulette wheels in the United States but not in Europe, there is a second zero compartment marked 00, also colored green. If a player bets on a single number and wins, the payout is 35 to 1. The bet itself is returned, so in total it is multiplied by 36.
Be very wary though, these casino gambling games are highly addictive (as they are intended to be). A lot of lives have been ruined by casino gambling and although it might be fun, please do try to regulate yourself.
Place your bet not on the ball but outside the field…
Soccer or football is the world's most popular ball game. The 2006 FIFA World Cup is just than less than 2 months away. The World Cup is the world's most popular soccer tournament where the best 32 teams around the world will play each other to win the soccer's most prestige prize, the World Cup!
Traditionally, during major tournaments and games, the main focus is on the tournament itself and World Cup is one of these games. Most people are either concern on which teams have won, lost or draw and the score between the teams. During the World Cup, soccer gambling and betting enjoyed huge followings in globally. Most people will place bets on the game and teams that played. There are also other effects it has on the world. Soccer fans and enthusiasts who are in different time zone will stay overnight to catch a game and some even neglected their jobs. World Cup is also a period where increase in gambling activities and decrease in productivity in most countries.
But the pros far outweigh the cons. Hosting countries will enjoy the prestige of holding the event and also enjoy increased in revenue from hosting the event. The hosting country of World Cup will always enjoyed a short period of economic growth due to increase in number of tourist visiting the country and the revenue from tourism. From statistics, for the period within 3 before and after the event, the hosting country will enjoy a short-term economic growth and has a positive impact on the equity markets. The market condition will be good and hence conducive for investment. The equity markets and consumer staples will outperform the broad markets and the normal period.
Germany's 2005 GDP is US$2.452 trillion up from US$2.362 trillion in 2004. It's average GDP growth is 0.5% in a period of 5 years. On 2 occasions that Germany hosted the World Cup and European Championship in 1974 and 1988, domestic stocks outperform the broad markets in the same periods from April to August. Thus, Germany will be a good place to invest as most of the stocks will perform well from now till August.