Gambling and Its Types

Gambling is staking money or some material value at a particular event with a vague outcome and a chief intention of winning extra money or goods. Basically, the result of stake is clear in a certain period of time.
The term Gambling particularly in this context implies to examples in which it is legally permitted by law. Gambling is combination of two different words gaming and legal. Gambling is mainly chosen by people as a recreational activity. Most of the people play this game for fun and earn extra money. It is very difficult to overcome addiction to gambling.

Gambling is often seen as a medium of escape from worldly tensions and worries by many people who are going through a difficult phase. Today there are several forms of gambling which are practiced in casinos and clubs worldwide:

1. Casino games and Table games: These games have different types which are practiced in different countries.

2. Electronic gambling: Electronic gambling is further divided in to various kinds:
a) Pachinko
b) Video Poker
c) Slot Machine

3. Bingo and Keno are other forms of gambling.
Bingo and Poker are today played online as well. Now, people who do not actually have time to visit casinos and clubs can enjoy their game online easily. There are several websites offering permission to play these games for a little money.

4. Non-casino gambling games
All those gambling games that are played outside the casinos are known as Non-casino gambling games. These games include lotteries, dead pool, Mahjong, scratch cards, pull tabs and lotteries.
a) The non casino Card games are Basset, bridge, Liar’s poker, piquet, lansquenet, bridge, teen patti, put, etc.
b) Carnival games include Hanky pank or the Razzle. Coin tossing games like two up, head and tail.
c) Confidence tricks like shell game or three card monte.
d) Diced based non casino games like liar’s dice, backgammon, threes, Passe-dix, Mexico or pig.
e) Although coin tossing is not played in casinos, but in Australia it is an official game in few casino’s

5. Fixed-odds gambling
Pari-mutuel betting and fixed odds gambling regularly occur at different kinds of political elections and sporting events. Also many bookmakers give fixed odds on various non sports related results, for instance, the extent and direction of movement of several financial indices, the winners of different TV reality shows like big brother and election results.

6. Pari-mutuel betting
One of the most popular forms of gambling includes betting on grey hound or horse. It is a major form of gambling practiced in various countries. Staking may happen through bookmakers, pari-mutuel pools or personally. Pari-mutuel gambles pay off the cost calculated by support in staking pool, whereas bookmakers pay either at median odds given by track book makers when the race begins or odds given during the time of accepting the bet.

7. Sports betting
Betting on sports game is practiced in almost every country of the world. For instance, thousands of Britons play football pools each week. Apart from organized sports betting, both illegal and legal betting also takes place.

Making Money and Gambling

In the UK and America there are a multitude of ways to gamble. Exorbitant sums of money are involved with respective governments receiving substantial income in the form of taxes. Socially, gambling has been exposed to opposition morally and singled out legally as a corrupt trait in some societies. Never the less gambling continues to rise as a major form of relaxation and as a way either, legally or illegally, of making money.

As long as there have been human beings gambling, or games of chance as they are commonly known, has been in existence. It was around the mid thirteenth century that dice first came to prominence in Greece, although a similar form of entertainment was used by the Ancient Egyptians called “Knuckle bones.” Playing cards were first attributed to China in the ninth or tenth century. They were then taken up by Europeans in the fourteenth century, probably Italy, using a pack with 78 cards. It was a hundred years later before the standard pack of 52 cards became accepted as the norm. But as well as these games, betting on sports such as horse racing and dog and cock fighting enjoyed popular appeal. In all of us there is a the appeal of winning money for little or no effort but, there are still mixed feelings toward the various forms of gambling available today.

Religion is prominent in many societies today. In some it is more dominant than politics and influences many of the decisions governments make. In fact many religions condemn gambling. Although Catholic countries were the first to start playing lotteries seriously. It is the fact that gambling can be attributed to greed and corruption and can be the downfall of many that fosters the beliefs of the anti-gambling faction. Gambling has also been linked to alcoholism with many games of chance taking place in public houses. The fact that drinking alcohol can also be associated with violence and lust does nothing to help the pro gambling lobby. The fact also that there are winners and losers with the winners gains offset by the loser’s losses (although the poker games I have played in this never works out!).

Here in the UK things are a bit more relaxed. Have a look at these figures:

8% of adults play bingo

11% of adults use licensed betting shops

62% of all households play the National Lottery on a Saturday

33% play on a Wednesday

The above figures were taken from Social Trends 1998 so today those figures could be considerably more. John Wesley, the founder of the Methodist Church, had forthright views on gambling. He said “that a Christian should be a steward of money and not own it” and “money should not be gained through means which could harm one’s neighbour” i.e. pawnbroking or charging excessive interest on loans.

Not everybody connected with religion has taken such a stance. The soon to be Anglican Bishop of Exeter, Robert Mortimer, said in 1933 that not all forms of gambling were immoral. He actually did some research into the various forms and decided that some forms of gambling were a “legitimate indulgence” which no institution had the right to ban completely.

In 1948 an international congress of Anglican Bishops were concerned about the after effects of gambling on not just gamblers but their families as well. In fact, when Premium Bonds were first introduced in 1956, the Archbishop of Canterbury, Geoffrey Fisher, condemned them as private gain divorced from responsibility.” This was backed up by the then shadow Chancellor, Harold Wilson, as a”squalid raffle.”

Many governments now take a back seat when it comes to deciding issues on gambling, realising than prohibition would condemn the problem to underground activities, therefore losing revenue.

One more point in gambling’s favour. As early as 1569 it was used as a means of raising funds for public projects.

So there it is, not all forms of gambling are bad.In fact some are quite therapeutic. As long as indulgences are not taken to excess there is not much harm done. It is when gambling takes over one’s life that problems arise. The motto is “know your limits and stay safe”.

Gambling, especially on the right sports and with the right preparation can be very rewarding.But making money online is not a gamble.Following the right person and taking the correct advice is paramount to success. Take a look at the following site and especially at the free gifts available. You will be surprised.

Why is Gambling So Fun?

The question we are looking at here is what is gambling? Gambling is taking a risk. Gambling is taking a chance on winning. Most of the time gambling is used in cards, sales, flipping houses, game shows, betting on horses, dogs, fights, sporting events and on anything else where there would be a risk involved. The gambling side of it is legal in some states but not legal in other states and thus only allows for places like Las Vegas and other cities for example, along the coast of Alabama and Louisiana to set up hotels along the beach to allow people to have places to go and gamble.

Gambling is taking a risk, right? Well, that is why sales is considered to be gambling. Gambling is done because you try to sale some one some thing and you take a risk on not making as much as what you initially invested in it. That is why flipping houses are also considered to be gambling. It’s considered to be taking a risk or taking a chance. Taking a risk just means that you are willing to bet a certain amount of money on it just to see what would happen and to see if you could win more money back out of it than what you put in on it. Cards are considered gambling because of the different kinds of card games that there are to play. Games like Rummy, Poker, Tong, 21, Black Jack, Spades, and other games can be considered gambling if you place a bet on the game you play. Purchasing gambling chips at a casino is using there money with in the casino to gamble and placing bets on games is considered to be that way as well.

Football games especially like the Super Bowl are generally gambled on. Parlays are used in football games more so than any other kind of betting. There are also full cover bets are used in football and other sporting events. There are different types of full cover bets. The different types of full covered bets are listed as followed: Trixie bets are bets placed on a selection of 3; Yankee bets are a selection of 4; Canadian or Super Yankee is a selection of 5 bets and Heinz is a selection of 6 bets. The full covered bets are generally used more in sporting events and other types of betting to where you can increase your earnings by placing multiple bets on the same player, team, winner, point’s selection, point differential or any other ways determined on how to win.

Fights on dogs, horses, chickens and humans are gambled on all the time. People consider how good the animal or human being is fighting verses the other animal or human being is that they would be fighting against. When the odds are in your favour then you bet high. If the odds are not in your favour then you bet low or go with the other player. If a team is considered to be the under dog then you may consider placing your bet on the other team because the other team has a better. Placing the bets to win money is what gambling is. Gambling is considered taking a chance at winning back more than what you risk was to be considered in the first place.

There is a rule when you gamble and that is to have fun with it and make more money than what you started with. When you gamble be sure that you are willing to risk it all for a few or a lot of what you risked in the first place. This is why it is such a gamble to bet against the odds or bet for the losing team if you know with out a doubt that they will probably lose.

Bob has been writing articles online for nearly 2 years now. Not only does this author specialize in gambling and other forms of entertainment, you can also check out his latest website about: