Is Poker Gambling? – gambling

On the day after Australia’s biggest horse race, the Melbourne Cup, I saw the need to comment on the different forms of gambling and debate on… is poker gambling?I enjoy the odd flutter on the Gee Gees once a year on the first Tuesday of November for the race that stops the nation and yesterday was no exception. I do it because I enjoy catching up with mates and having a laugh over a few beers. However, I value my money and don’t see the need to risk my hard earned cash on the gamble of horse racing on a regular basis. I believe there is more control when you are holding all the cards and you can possibly dictate the outcome. And horse racing is simply too unpredictable.I spent the day watching friends and strangers part with their dollars, some with enjoyment and others with sheer hope. You hear the mutter of “a sure thing” and “I like the colors” or “it runs well in the wet”. However none of them ever really know.So You Think was the name of the shortest favorite in many, many years. And you guessed it, it didn’t win. There were suggestions of this horse being the best thing since Pharlap. With the weight of the nation on its back, it simply couldn’t deliver and fell short to run a tiring third.The punters gambled and most of the punters lost.Then what about Roulette, Craps, Black Jack and all the other Casino games are they considered gambling?ABSOLUTELYSome will tell you they have systems and they can count cards, but at the end of the day there is risk and gambling.I even consider share trading as gambling!So is poker Gambling?Well it depends on your ability, your knowledge and your experience. You have the option to reduce the risk. Reduce the element of gambling by learning your craft. There will always be the elements of luck involved in the cards you receive, but knowing your opponents, bluffing and reading people is not a gamble, it’s a profession. It’s a skill and an art form. Like anything, the better you are the more successful you will be.So is poker gambling… I believe not if you do your homework and study this wonderful game, you will reap the rewards. The power is in your hands and so is the option to gamble. Remove the element of gambling in poker and you will see the results. By the way, I did manage to back the winner, Americain, so I came home with the money I went with and had a great day. I can’t wait to get back to the poker tables though. Till then, deal yourself hands and not too many feet.

Socio-Economic Impact of Gambling – gambling

Since time immemorial, human beings have started indulging in formatted games of chance or gambling as they are more formally known there is not a single society or culture which has not experienced the over-whelming influence this game had on shaping its thoughts, beliefs and course of events. For people indulging in these games it elevated to a special significance, moving from merely being a game to a passion, an indulgence that consummated their senses, their decisions and even their existence. All other concerns became secondary receding to the back of the mind while hands, eye and brain became synchronized into shelving that deck of cards.As far as India is concerned, if mythology is to be believed, we had more then requisite share of gambling affecting our socio-economic as well as political order. Pundits still argue that Mahabharata was nothing but the second stage of what was initially a mere board game with dice. Entire kingdoms, valor, pride and even modesty were hedged as a bet that eventually changed the face of Aryan superiority in the great Indian sub-continent. Then there is reference to Raja Nala of yore (of Nal-dayamanti fame) who also felled prey to the temptation of the dice. So, gambling in whatever format has often left a sinister scar on the face of humanity. Though that is changing as of now but whatever the case may be the influence of gambling has often been undeniable.The social and economic impact of gambling has attracted lots of research primarily because they were needed to bolster the arguments of two groups which are very polarized in their opinion as to the influence of gambling.  Those who consider gambling a serious ill argues that gambling is an unproductive pursuit. It is a sterile activity that offers no productive value, creates no output, no money or goods are generated though considerable time and resources are absorbed in the same. Though they forget that the same logic can be applied to Disneyland, movie and other such pursuits whose sole purpose is providing recreation and any economist worth his salt will vouch that recreation is a very important activity for any thriving economy. There are others who will still maintain that gambling as a habit often comes riding on with many other behavioral disorders, a situation termed as Co-morbidity that creates strong economical disorders pertaining to an individual pushing him to bankruptcy or worse still to a life of crime but alas! There is still no conclusive research that will prove any correlation between gambling and bankruptcy or for that matter with any tangible consequence.On the other hand are those who argue with facts and figures as to how legalized gambling over a period of time has resurrected the fortunes of many a dwindling economies and save the citizens of sure bankruptcy. Casinos being highly labor intensive creates increased employment opportunities for the population around them. Facilities are built and supplementary businesses have a field day catering to the gambling tourists. The whole economy gets a boost up and millions of dollars are paid simply as tax revenues from these gambling havens. This all is done through the cash that has been attracted from outside the economy resulting in an overall profit. Las Vegas is the perfect example of such a booming economy that has turned the whole city into one giant casino and emerged as the entertainment capital of the world. Then economists also point out that there is the satisfaction of people who always wanted to gamble and in legalized economy can now gamble. This satisfaction is of paramount importance in economy and is termed as Consumer Surplus, a term that can be in theory computed for its dollar value.As far as social impact of gambling are concerned there are again divergent views. While some maintain that overall prosperity that comes along with business of gambling is good for social health it has to be kept in mind that often gambling is done in formats which are not legalized. In such situations gambling is often associated with issues like money laundering, trafficking overall corruption, etc. which are detrimental to the health of any society. Gambling, by itself is an awkward issue with most societies. They cannot deny the fact that it is hugely popular because it exists in one or the other form in almost all societies indicating that individuals by nature are prone to gambling. But then again the basic premise of gambling goes against the fabric of modern day societies where pay is equated with one’s productivity. On the other hand most formats of gambling are games of chance with little or negligible skill required and results are dependent on lady luck smiling at the gambler.This is the reason why many religions, notably Islam and Protestant faith in Christianity, are vehemently opposed to the concept of gambling as they find the idea of one person prospering at the cost of another repulsive. They consider it as a human weakness and blasphemous to think that God will not provide as per the needs of an individual and they had to turn to vices to get their needs fulfilled.As a result societies are often confused about gambling. On one hand realizing it as a great source of income and revenues they have legalized it as in different state lotteries. They treat it as giving vent to the natural urge of the citizens who will otherwise resort to illegal gambling. On the other hand they have realized the potential for devastation this seemingly innocuous activity can take place and is fighting tooth and nail to curb it. Example of this will be the betting that goes on in the sports circle like cricket, etc. Since stakes are so high people often stoop to unfair practices that are tantamount to duping innocent people involved and hence needs to be curtailed.

Internet and Sports Gambling Systems – gambling

The working of sports gambling might initially look very complicated but once the familiarity with the system grows, one starts easing up. Its all about the basic terms like odds, working rules and payouts. It is usually preferred that one has a relative knowledge of the sport and should invest wisely. If you can predict the outcome and invest wisely, well and good. If you can’t, then there are internet systems to support you.Most of them would invariably claim a high accuracy rate. Presently, John Morrison’s Sports Betting Champ system has been deemed the most accurate one in the world of sports betting. It has an accuracy rate of 97-100% which has made Morrison the King of Betting. There are others like Rich Allen’s Sports Betting Professor Strategy which is trusted and has an accuracy rate of 90%.There are a host of internet websites catering just to sports betting. The most sports are horse racing, car racing, and football and in South Asia cricket gambling. One cannot forget the match fixing charges that were levied against players with impeccable and successful track records.The other sports gambling systems used widely are 360-0 Sports Betting System and then there is also the Great Gambling Systems who specialize mainly in horse racing betting. Depending on the sport the bookies who pioneer the field differ. But what one must always remember Bookies aren’t God. They can just predict the outcome as much as a sport lover can.Even they can lose. So what is always advisable is to invest wisely and channelize the wins in such a fashion that you end up making money. It is often seen that people do win matches yet end up losing money due to the lack of better money management strategy.Unlike the earlier times, internet has turned out be very helpful for sports bookies. They can serve their customers worldwide and now more and more people can participate in sports gambling across the world. The transactions done on credit card and gambling systems guiding amateurs on how to wisely invest in sports gambling in order to attain the maximum output.More and more people now indulge in sports gambling online. It is an easy source of income. Customers have more to gain than lose!The important tournaments like Wimbledon, French Open in Tennis and Cricket World Cup marks the peak season for these gambling sites. But the ultimate is FIFA considering the soccer craze across the globe. Special events and tournaments are season of windfall in betting. But before betting online one must also check the sites in which they betting and the systems they use. Make sure you choose one with the best accuracy rate. Do ample research. And then put in your money. A lot of betting sites turn out to be frauds so go in for one that has a market standing. Do not run after more money and end up losing it all to frauds.The internet is preferred mode of sports handicapping today as it gives a wider range to its customers. In one sports gambling site, a customer can place bets on both a car racing event and football match. And make more money in one go. It isn’t difficult to find gambling websites as well.And technically in the Indian context it would not stand illegal as the gambling is taking place parts of USA where gambling isn’t illegal, which makes the entire deal very ethical. In case that little pocket of yours is running short of cash and you can’t figure out ways to get money. Try this! It might get you more than just a fortune!