Types Of Gambling Services

The gambling industry rakes in billions of dollars every year and provides millions of job opportunities. Although criticized by some quarters that say it promotes corruption at different levels, crime and compulsive gambling, it nevertheless has importance when money needs to be raised for certain services without increasing tax.

There are many types of gambling, not all legal. Some are public and others private.

Lottery

Lotteries are based on chance where players purchase sets of numbers in the hope that they match draws. Depending on the stakes, winners can take home millions of dollars or be awarded with lesser prizes like cars and electronics.

Players buy several sets of numbers to increase chances of winning which are always slim. Still, the desire to win compels many to continue purchasing tickets. A report in 2011 recorded global lottery sales of around $262 billion.

Slot machine

Slot machines are also a game of chance. A player inserts money into the machine and uses a lever or a button to spin reels. If the combination pictures or numbers are identical, the player wins. Like most gambling/casino machines, slot machines are designed such that the odds of winning are slim. This brings in money for the house while compelling players to accept the challenge.

Bingo

Bingo is a game that sees players ticking off numbers on a card called out by a caller. Whoever has the series of numbers on the card wins. The numbers called out are completely random and the game requires players to pay attention as if a player has the number on his card but fails to mark it, he loses his chance of winning.

Blackjack

Blackjack is a card game frequently played in casinos. The game itself is quite simple but can cause players to chance taking more cards and seeing them lose. Players are dealt a card each turn and the value of the cards are added up to as close to 21 as possible. If a player totals 18 and his opponent scores 17, the first player wins. However, in the quest to getting to the sum of 21, players sometimes keep taking other cards to total more than 21. In this case, the player who exceeds the number loses and his opponent wins.

Roulette

Roulette is another popular casino game that sees players betting on where a ball lands. The host spins a wheel as the players bet on which numbered hole they think the ball will land on. They may also bet on a string of numbers that add up to even or odd numbers. Whoever guesses right, wins.

Scratchcards

Scratchcards are cards on which are printed numbers or symbols hidden beneath a covering that can be scratched by a coin or hard object. The results are declared on television, radio or newspapers. The buyer who has the right number/series of numbers or symbols wins.

Most scratchcard contests offer less valuable prizes although the odds of winning are greater than in slot machines and other types of gambling.

Poker

Poker is a very popular card game played between two or more people. They’re given two cards each with three laid face down on a table. Bets are placed on the value of the cards. The player having the highest hand wins taking into account not only the cards in hand but on the table.

Gambling Jargon: Know the Lingo to Do the Deeds! Here’s the Jargon for Popular Table Games

Don’t be left out when playing games in the casino! Learn gambling vocabulary as you learn the games. It’s important to understand this so you won’t feel like a novice when playing table games.To get you started, here is the meaning of some of the terminology used in popular gambling games:

BLACKJACK

Basic Strategy – Plays you should make to maximize your advantage

Burn Cards – Removed cards after the shuffle

Bust/Break – Exceeding a hand total of 21

Card Counting – Memorizing played cards with an assigned value

Color Up – Cashing in your chips

Double Down – To double your initial bet following the initial 2 card deal

Even Money – Cashing in your bet for a 1/1 payout when you have a blackjack against a dealer ace

Face Cards – Jacks, Queens, Kings (AKA picture cards)

First Base – First seat to the dealer’s left

Hit/Draw – Calling for another card to add to your hand

Hole Card – The dealer’s face down card

Insurance – A side bet for the player when the dealer has an ace showing

Pat Hand – A had worth at least 17 points

Push/Tie – Player and dealer with the same hand total

Shoe – A device used for holding and dispensing cards

Soft Hand- A hand with an ace counted as 11 or 1

Stiff Hand – A hand with little chance of winning if hit

Surrender – Giving u your hand to lose one half of your bet

Third base – Last seat to the dealer’s right

Up Card – Dealer’s first dealt card face up

CRAPS

Any Craps – A dice total of 2, 3, or 12

Big Red – a bet in the Any Seven box

Boxcars – When the dice total 12

Capped Dice – Crooked dice

Cold Table – When most shooters are not winning

Come Bet – A bet made after the point is established

Come Out Roll – First roll of the dice in a round

Don’t Come Bet – A bet made after the point is established (Outcome is opposite of the Come Bet)

Don’t Pass Bet – Betting against the shooter before the Come Out Roll

Free Odds – An additional bet behind the Pass Line Bet taken at true odds

George – A good tipper

Hardway – A 4,6,8,10 thrown as pairs

Place Bet- Betting that a place number (4-6, 8-10) will be thrown before a 7

Point Number – One of the numbers 4-6, 8-10 made on the come out roll

Press A Bet – To double your bet amount

Proposition Bets – (AKA Prop Bets) one roll and Hardway bets

Right Bettor – Betting that the shooter will win

Seven Out – When a 7 is rolled before the point number

Shooter – Player currently rolling the dice

Snake Eyes – When the dice total 2

Stiff – A poor tipper

Toke – A tip given to the dealer

Vigorish – ( AKA Vig) commission taken by the house

Wrong Bettor – Betting that the shooter will lose

Yo – The number 11 (AKA Yo-Leven)

POKER (TEXAS HOLD’EM STYLE)

Aces Up – A pair of Aces with another pair

All In – Betting all your remaining chips

Ante – The opening bet before dealing begins

Belly Buster – An inside straight draw

Big Slick – An Ace and a King

Blinds – 2 forced bets before any cards are dealt (small blind & big blind)

Boat – Slang for a Full House

Broadway – The highest straight possible with mixed suits, 10, J, Q, K, A

Button – A disk placed in front of a player acting as the dealer

Bullets – A pair of Aces

Call – To match the current bet

Check – To defer making a bet until another player does

Cowboys – Slang for a pair of Kings

Dead Hand – A hand with no chance of winning

Donkey/Fish – A bad player

Drawing Dead – A hand that will lose even if it improves

Flop – The first 3 community cards

Flush – 5 cards of the same suit

Full House – (AKA Boat ) 3 of one kind and 2 of another

Kicker – The highest unpaired card in a hand

Ladies – Slang for a pair of Queens

Muck – Face down discarded hands

Nuts – The highest possible hand

Overcard – A card that is higher than another

Quads- 4 of a kind

Rag(s) – Cards that add no value to your hand

Rainbow – Cards with different suits

River – The 5th and final community card

Rounder – One who makes a living at playing cards

Royal Flush – The highest hand possible, a suited 10, J, Q, K, A

Set/Trips – 3 of a kind

Short Stack – Having the fewest chips at the table

Straight Flush – 5 suited cards in sequential order

Tells – Behavior that gives other players information about how you might play your hand

Tight – Someone who only plays premium hands

Tilt – Desperate to re-coup losses, causing bad decisions

Turn – The 4th community card

Under the Gun – First player to bet after the big blind

Wheel – The lowest straight possible with mixed suits A, 2, 3, 4,5

Wired – A pair dealt in the first 2 cards

So there you have it. Learning this jargon will assist you on your path to becoming a seasoned responsible gambler. Good Luck!

Gambling History: How Far Back Do Gambling Games Go? Possibly With the Egyptian Pharaohs

At what period in history did people start to gamble? The exact period is unknown but believe it or not, pairs of dice have been found in Egyptian tombs over 4,000 years old! Also, gambling games were played in ancient China, where Poker is thought to have originated. In 1492 during the Columbus landing, Native Americans were sports betting on the outcome of a game resembling LaCross. So when did it all start in America? Read on.

Early America

Gambling in America started with the first English settlers in the 1600's. Their traditions included card games that were part of the aristocratic lifestyle. However, when Puritans colonized in Massachusetts Bay they had the freedom to create their own culture which included hostility towards gambling. They outlawed the possession of dice, cards, and gambling table games in their communities. Nevertheless, gambling prevailed in other localities. Many English colonists considered gambling to be a suitable form of entertainment.

The Revolution

The colony of Virginia was the first to realize that lotteries could raise capital for local governments. Eventually all 13 colonies were raising lottery revenue. Proceeds helped build Universities like Harvard, Yale, and Princeton. Lotteries also funded churches and libraries. Founding Fathers George Washington, Ben Franklin, and John Hancock were promoters of specific lotteries for public works projects. When the Revolutionary War started, the Continental Congress voted for a $ 10 million lottery to finance the war.

Westward Ho

During the early 1800's the taverns and road houses allowed dice and card games, creating the first version of casinos. As America's population began to increase, casinos became more lavish. The Mississippi River was a major trade route where merchants and entrepreneurs brought their cash. Gambling on riverboats became a favorite pastime and New Orleans became the gambling capitol of America. In 1849 gambling followed the pioneers to California during the gold rush. Gambling establishments began to flourish there and west of the Mississippi, including Nevada. In the late 1800's Roulette was adopted from France and the Slot Machine was invented.

Much of the public viewed gambling as a social ill because it was linked to alcoholism and prostitution. Reformers convinced jurisdictions to shut down the Dens of Iniquity. Most states discontinued lotteries as well. Riverboat gambling dried up with the advent of the railroad. By the end of the century only Nevada allowed gambling.

20th Century

In 1910 Nevada finally shut the door on gambling, which left horse race wagering the only legal entity in America. In 1912 Arizona and New Mexico were granted statehood under the condition that gambling remain outlawed. During the 1920's prohibition era, the public's thirst for gambling matched that of alcohol. Casinos went underground along with the speakeasys. In 1931 Nevada legalized gambling again and remained the only state to do so until the latter half of the century. Gambling flourished underground as organized crime made heavy investments in Nevada, and prospered by controlling off track betting and the numbers lottery .

During the 1950's the US Senate investigated organized crime's link to illegal gambling. Eventually the mob departed Las Vegas. States put bookies out of business by legalizing off track betting and numbers games. Atlantic City approved gambling in 1976, the Indian Gaming Act was approved by congress in the late 1980's. Dockside riverboat gambling made a comeback, racetracks installed slot machines while Las Vegas reinvented itself by building mega resorts during the 1990's.

Century 21

The American Gaming Association reported that there are 832,988 slot machines spread out over 1,151 casinos and racetracks across 44 states with more on the way. It appears that the American culture's thirst for gambling matches that of the Egyptian Pharaohs! America has embraced gambling as an acceptable form of entertainment.