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How gambling appeared and casino games emerged?

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How gambling appeared and casino games emerged?

Gambling appeared at the dawn of mankind, in the Paleolithic era, they certainly differed significantly from their modern versions in the form of roulettes, bingo, cards, slot machines, but the mechanism of operation was in many ways similar. In those days, people did not even speak writing, but the most primitive gambling games were already invented.

In the 10th century AD, modern dominoes and loto appeared in China. The first gambling also appeared in Japan in the 14th century AD, there is an opinion that even before that there was betting, but there is no evidence of this.

The emergence of poker

The term “poker-face” was first mentioned in English-language documents in 1874, it means that it is impossible to understand from a person’s face what emotions he is experiencing

According to some historians, the modern word “poker” originated from the German Pochspiel, this is also a card game that is somewhat reminiscent of poker.

Other historians believe that the name of the game comes from the French word Poque – this is also a card game that has a lot in common with poker.

The emergence of bingo

Many historians believe that the Italian game Lo Giuoco del Lotto D’Italia, which first appeared in 1530, became the prototype of modern bingo. Many Italians still prefer to play it, rather than regular bingo.

From Italy the game came to France, or rather it was specially brought there, it was in the 1770s. In a new location, the game has a new name – Le Lotto. However, only rather wealthy citizens could afford to entertain themselves with a novelty.

There was a similar game in Germany in the 1800s, only it was aimed at helping parents and teachers to teach children history, writing and mathematics.

In the United States, this game was called beano, the essence was as follows: the presenter took out discs with numbers from a cigar box, and the players marked the numbers that came across with beans, the one who filled in everything and shouted the name of the game.

The emergence of roulette

The roulette wheel consists of two parts: an old Italian game and a regular gambling wheel created in 1720. The inhabitants of Paris started playing modern roulette in 1796.

In his novel La Roulette, the French writer Jacques Lablay described a roulette wheel that stood in the Palais Royal at the end of the 18th century.

The rise of blackjack

Game “21” became the parent of blackjack. There is no exact story for this game, but it was mentioned in the novel “Don Quixote”: during one of the main character’s travels, he came across scammers associated with this game. The novel describes that it was necessary to score 21 points, but not exceeding this number, while an ace could give both 1 point and as many as 11.

This part of the novel was written at the very beginning of the 17th century. “21” has turned into blackjack due to the fact that in the US they began to give a bonus if a player lands a jack of spades or clubs.

The emergence of the dice game

This game originally appeared during the Crusades, it received its new name in the United States. She was brought there by a young player who belonged to a well-to-do family. He simplified the game a little and gave it the name “dice”.

The dice were especially popular during the Second World War, they were played by soldiers, right on the street.

The emergence of slot machines

Slots were developed about a century ago. At first they had 5 reels and 50 cards. Slots were created based on poker. Such an invention became popular, it appeared in almost every bar, but there was one drawback: it did not give out rewards, instead of it the player could be poured to drink a good drink at the bar.

Charles Fay improved the device, or rather he simplified it to 3 reels and 15 cards, there was already a payout mechanism. Later the slot was named “Liberty Bell”.

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Investments in Gambling Business

Posted by GRACE on
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Casino
Investments in Gambling Business

Investing, as well as participating in the gaming field as a gambler, is a risky undertaking. In either case, a wrong bet leads to a loss. Everyone has the right to choose for himself how much he is willing to risk. The average bet of a player is 2 – 5% of his capital on any trade.

With debt collaboration, investors may hear about diversification into different assets. This speaks of a strategy in which risk management and distribution of accumulated investments in various directions will help to minimize losses.

Is it worth the risk?

Players must carefully analyze and weigh their monetary options in order to be profitable. Investing is an increase in your capital, therefore, professional players are often experts in risk management. To fully assess the odds, an analysis must be made between the amount of free money in the bank and the money that will be at stake. If the odds indicate a favorable pot chance, then the player is likely to take a risk and make his bet.

When talking about the rates in the game, the casino always remains in a knowingly winning position. With debt cooperation, the player expects negative profit. However, investing in the stock market implies profit from long-term cooperation. The player can hit the jackpot and then remain in a winning position. Just like an investor can lose on the stock market. Over time, the investor will be able to recapture his money, but the player has such a chance is negligible.

Minimizing risks

The most common type of betting is sports betting. Only a careful analysis of all rates will help to come to the conclusion that reducing losses with such a lifestyle is almost impossible. If you invest a few dollars once a week on a match and lose all the money, the player loses all his capital. This applies to sports and other gambling. It is impossible to minimize losses in the gambling business.

The situation is different on the stock exchange. Investors have several types of leverage to ensure that all capital is not wasted. Such an order will help stop the loss and prevent the investor from completely dumping all the money when he reaches a certain level.

If the shares begin to fall, then there is a possibility that it will still be possible to minimize risks when selling them. Even if not completely return the funds spent on their purchase. For example, let’s say you bought shares at a price of $ 100. The shares began to fall in price and dropped in value to 90. By selling them, you will be left with $ 90 in your pocket, minimizing the risk of losing all your money.

When you bet the same $ 100 on the victory of one or another participant, there will be only one way out – either you win by multiplying the bet, or you completely lose it. The speculative activity of sports betting will not allow the player to recapture at least some of the money to preserve capital.

Another different approach between the game and the exchange is time. Gambling is a time period clearly marked by the parties. Whereas investing on the stock exchange leads to a vague schedule that can take years. When the game ends, it becomes clear what awaits the player – either he lost everything, or won by multiplying his capital.

The picture is somewhat different for equity investment. Investors enter into equity participation by buying shares in the enterprise. In return for the money invested. Investors begin to receive dividends, a certain profit for the invested funds and possible losses from the initial capital. This is the main bet experienced investors place on, realizing that they will always get their passive income in the long term.

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