Sunday, September 30, 2012

An introduction to gambling

Gambling is the wagering of money against an opponent on the outcome of a particular event with the hope of winning back the money wagered plus more. The opponent may be a bookmaker, or one or more other players, who also risks money against what they predict the outcome of the event to be.

Gambling can take place via a bookmaker who dictates the odds of certain outcomes of events, for example the odds of various horses winning a race. This can take place in bookmaker?s premises on the high street, at the events themselves, for example at horse or greyhound race tracks, or online via bookmaker?s websites.

Casinos are premises dedicated to gambling with a wide range of games on offer, from table games such as poker and blackjack, to electronic games such as slot machines. In casinos, players exchange money for chips of the same monetary value before they start playing. Casinos offer the thrill of gambling along with entertainment such as live cabaret shows, but online casinos offer the excitement of all the usual games from the comfort of home.

Bingo has been a popular pastime for years and has a large online presence. Bingo is similar to lotteries and scratchcards in that money is exchanged for a card printed with numbers, with the hope that numbers selected at random will match those on the card and entitle the player to a prize.

Before you begin gambling, decide on a maximum amount to play with so that if you get caught up in the excitement of the game, you do not risk money you didn?t originally intend to spend. For strategic games, particularly card games like poker, it is often useful to practise without betting money so that when you come to play the game for real you increase your skill and chance of winning.

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Source: http://www.excelticart.co.uk/an-introduction-to-gambling/

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