Archive for the ‘gambling’ Category

Here is one of the most useful tips a casino player can get. If you want to become a successful gambler, playing for free is essential and there are many benefits a player can get by taking advantage of this opportunity.
Playing for free before using real money is, maybe, the best thing you can […]

A more subtle version of the fallacy is that an “interesting” (non-random looking) outcome is “unlikely” (for instance, that a sequence of “1,2,3,4,5,6″ in a lottery result is less likely than any other individual outcome). Even apart from the debate about what constitutes an “interesting” result, this can be seen as a version of the […]

Also known as the Monte Carlo fallacy, or the fallacy of the maturity of chances, the gambler’s fallacy is the false belief that the probability of an event in a random sequence is dependent on preceding events, its probability increasing with each successive occasion on which it fails to occur.
Thus if black has come up […]

Few people know the difference between these two similar but quite opposite concepts: gaming and gambling.
The word “gambling” is generally used to discuss an activity that may violate applicable criminal laws. The word “gaming” is usually reserved for those instances where the activity has been specifically legalized by applicable laws or where the activity is […]

Casinos can be divided into two main categories: traditional casinos and online casinos. A “traditional casino”, that is a brick and mortar casino, generally has slot machines and table games and can be set up on land or as a riverboat, based on state and local gambling laws.
Online casinos are the perfect alternative to […]

    Billions of people play lotteries every day, but haven’t got a clue about how old they are.
    Have you ever wondered what the first gamblers were like? Why they decided to start rolling dices? Playing bingo, slot machines, craps, and poker or betting on football, basketball, and boxing is a multi-billion dollar industry […]