Gambling – The best online gambling options on the New Zealand market
Gambling involves risking something of value on an uncertain event in hopes of winning something of greater value. Compared with other hobbies, gambling offers a whole lot of excitement and entertainment. Many of the hobbies can not earn money and the risk of loss is just more of the excitement of the player.
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Gambling has been around for a long time
The history of humanity is inextricably linked with the history of gambling, as it seems that no matter how far back in time you go there are signs that where groups of people gathered together gambling was sure to have been taking place. In recent years the industry saw an immediate boom with the popularity of Internet gaming in countries around the world. There are now hundreds of companies operating in countries around the world. In 201, 7it was estimated that global gambling revenue was approximately $108.9 billion. With internet gambling getting more accessible and popular all the time, expect that figure to grow and grow.
The various gambling forms today
There are various different forms of gambling. Some of these involve an element of skill or strategy, while others are games of chance that force the player to rely entirely on luck. In summary, essentially there are two types of gambling:
1. Games of pure chance
These games are mathematically constructed to make it inevitable that the operator will make more money than gamblers will win. You might be lucky at times, but over time continual gambling will result in net losses for the player. The odds of winning cannot be affected by anything the player does or thinks they know. Includes: various forms of lotto including Keno and casino games such as roulette.
2. Games combining skill and chance
While skill is a component in these games, chance still plays a large role in determining the result and the odds are always in the operators’ favor. Some knowledge and judgement may increase your chances of guessing a winning outcome. Includes: card games such as poker and blackjack and various types of betting offered by bookmakers, such as betting on horses, football teams or events.
No matter which option you choose, however, you can place a safe bet that the house or the sportsbook has taken great care to ensure that they’ll make a profit over the long term. If they didn’t, they would soon get out of business. The house edge is meant to ensure a profit for the casino, but the astute gambler can sometimes come out ahead by seeking advantageous odds and avoiding sucker bets.
Gambling as Entertainment
Gambling could be very exciting and fun experience for most people. Research shows that, while gamblers do exhibit many irrational behaviors, for most its just simple entertainment. Of course some gamblers exhibit addictive behaviors. However, that percentage is relatively small – it varies around 8 percent of all gamblers. Most people are aware of the harms of problem gambling. Gambling products are only harmful when people consume too much of them. Gambling is like alcohol: occasional use is generally safe. The best way to approach gambling is to look at it as just a normal entertainment. Instead of going out to eat a few extra nights a gambler may play few of his favorite casino games. While he always leaves the restaurant with less money than when he went in with, sometimes he will leave the casino with a win. I get a nice entertainment value win or lose, but you really can’t beat a fun night that gives you a chance to win some money at the same time.
What are the most popular forms of gambling among the players in New Zealand?
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Lottery Games |
Scratch Cards |
Betting |
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Lottery drawings require the player to select a series of numbers from among a field of available integers. Once the deadline for buying tickets has passed, a central drawing is then held and the winning numbers are announced through the media. If the player can predict some of the drawn numbers, then they win a cash sum. If enough matches occur, they might even walk away as a multi-millionaire. This works the same as keno, which is found in many larger land-based casinos.
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In this form commonly found in convenience stores, the customer purchases a card (usually paying from $1 to $20) and then scratches off a number of covered spaces to reveal the amounts or symbols underneath. If they get a certain number of matches or uncover a specific icon, then they win a predetermined amount. Otherwise, the player loses. |
Virtually any form of competition can be wagered on, from global favorites like basketball and soccer to newcomers such as e-sports (video game tournaments). Most legal bets are carried out via the Internet, although larger casinos often provide betting facilities with big-screen televisions and constantly updated scores and statistics. |
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Classic Casino Table Games |
Casino Slot Games |
Other Popular Gambling Non Casino Games |
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The games that fall into this broad category are routinely found on the floor of brick-and-mortar casinos. They represent the most fundamental building blocks of the gaming world, and their existence accounts for billions of dollars in annual revenue for operators. |
The outcome on a slot machine is decided the moment the player hits the spin button, while video poker allows the customer to employ a certain amount of strategy. It’s therefore no surprise that slots have a higher house edge, which is usually in the 2% to 15% range. Meanwhile, the edge on the full pay version of Jacks or Better video poker is 0.46%, and it’s sometimes possible to find a machine that actually gives the player an edge over the house (with the proper pay table). |
Gambling games that take place outside of casinos include Bingo or Keno, as well as various Card, Dice and Coin Tossing Games. Bingo is a game of chance that features randomly drawn numbers and players trying to match those same numbers on their cards (which can range from paper to purely electronic). Each round of the game has a winner (who yells out “Bingo!”), and prizes can range from cash to more mundane items. |
How does Gambling work?
Before you decide to gamble, it can be a good idea to know how gambling works so there are no hidden surprises. Surely gambling involves taking a risk. Risk is the one thing that all types of gambling have in common. The thrill of taking a risk is a big part of the entertainment you pay for when you gamble. The only certainty when it comes to gambling is the result is never certain, winning is never a sure thing and losing is always a possibility. Before deciding to gamble, think about chance, skill and the risks involved.
Above all, understand the odds of gambling
These numbers are the percentages of defeat built into every casino game, sports game, or horse race you bet. They are the odds stacked against players. If you're betting $100 an hour on roulette, you will, in the long run, lose an average of $5.26 an hour.
Statistical Edges against the players for some Casino games
| Game | % |
| Baccarrat | 1.17-14.1 |
| Blackjack | |
| – Normal play | 10.0-20.0 |
| – Perfect Strategy play | 1.2-2.0 |
| – Strict Card Counting | 0.0-2.0 |
| Craps | |
| – Normal Bets | 1.4-16.7 |
| – Single Odds | 0.8 |
| – Double Odds | 0.6 |
| – Ten Times Odds | 0.0 |
| Keno | 29.5 |
| European Roulette | 2.7 |
| American Roulette | 5.26 |
| Slot Machines | 2.0-35.0 |
| Sports Betting | |
| Football and Basketball | 4.54 |
| – Single Bets | 10.0 |
| – Two bet parlays | 12.5 |
| – Three bet parlays | 31.3 |
| Horse Racing | 19.0 |
So, yes – you need to understand the negative expectations of gambling. If you approach it pragmatically however – Gambling was never made to risk your hard-earned money on the game. It rather came into existence so you could have some fun. No doubt that it gets you some money on winning, but that’s just a bonus. The real money that you earn through gambling is the thrill of it and the enjoyment which you experience on winning.
Interesting Topics for Gamblers from New Zealand
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Taxation on Gambling in New Zealand |
Gambling in New Zealand |
Legality of Gambling |
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History of Gambling in New Zealand |
Scratch Cards |
Tax Free Casinos for Kiwis |
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Reliable Casinos |
Virtual Casinos |
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