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Which Form of Gambling is for You?

Jan 30, 2008
Gambling has evolved into different forms. Gambling, primarily, is a form of entertainment. It is a sport involving money, or whatever is at stake, in a game of chance.

Gambling or betting began as early as 2300 B.C. Gambling artifacts, like dice, had been found in countries like Egypt, China, India and Rome. In a recent poll, 63% of Americans support legalized gambling. Another 22% agree that it must be expanded. From dice to roulettes and to computer mouse, which form of gambling is for you? Here are some choices:

Casino Games

These are gambling games usually played inside the casino. A player can win with the right tactic and optimistic mathematical probability. Here are some examples:

Poker

Poker is the most popular casino game. It is believed to have been originated from the game 'as nas', which is a Persian game. It uses a deck of cards for a series of betting rounds. The player with the best hand wins the pot. Poker is also regarded as a game of strategy and skill.

Online Casino

These are virtual casinos that are played on the internet. The rules are similar with actual casino games but players can either be a real or computer-generated players.

Slot Machines

A betting machine that uses a coin to rotate a set of reels usually pulled by a lever. You have to get identical patterns to win.

Roulette

Roulettes were invented by Blaise Pascal, a French mathematician, in 1842. It is a simple gambling game where in you have to bet on which number a small ball will hit.

Non-casino gambling includes some of the following:

Gambling with Fixed-odds

These are certain types of game where in you have to bet on a specific outcome of a given situation. These include horse racing, baseball, motor racing, jai alai and ice hockey, among others.

Sports Betting

Even though illegal in most countries, sports betting has boomed in the gambling industry. Bets are based on a point system of sports, like baseball or football. Common sports bets are: against the spread, against odds and against a combination of spread and odds.

Arbitrage Betting

You might often see this on the web tagged as risk-free gambling. The concept is to put a bet on a particular result with varied betting groups. Being an investment procedure, it involves a bigger amount of money compared to normal gambling.

Be sure to treat gambling as a pastime, and not a source of money. When engaged in one, set a maximum spending limit. Practice gambling in moderation and don't let it interfere with your set priorities in life.
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