For quite a long time, gambling has been blamed for the financial, social and mental problems that occurring to individuals. However, gambling can be safely done if the individual truly understands the positive and negative sides of the activity. Most people think that gambling is bad and make generalizations about it. Here are several myths about gambling that have been circulating around the community and their truthful facts.
Myth #1: Gambling is regarded as a trigger to addiction
Fact: Gambling indeed may cause an addiction. However, just like cigarettes and alcohol, it is less harmful if done responsibly. In this case, the activity cannot be blamed. Instead, the irresponsibility of the individual during the gambling activities should be controlled in order to prevent addiction.
Myth #2: Lottery is a good way to invest your money
Fact: When a person wins a lottery, he or she will be likely to receive a huge amount of money. However, the chance of winning the lottery cannot be forecast. Once the winner is decided, the lottery will be recycled with completely random numbers. There are no patterns in lotteries that you can discover. The more coupons you buy, the more likely you will lose your money.
Myth #3: Gambling is a crime
Fact: Addiction to gambling may trigger the individual to commit illegal acts such as theft, fraud, forgery, etc. However, the activity itself is not a criminal act. In fact, in most countries, gambling is legally acknowledged and controlled by the authorities. In areas like Macau or Las Vegas where casinos are centrally built, the activity has become major economic force. However, to be able to participate in legal gambling, you should be over the minimum legal age.
Myth #4: You have to bet everyday to be considered a problem gambler
Fact: People who bet everyday are more likely addicted to gambling. However, you do not need to do this daily to have problems with gambling. If you have once had trouble connected to addictive gambling, you should extra careful to avoid the possibility of engaging in further problems.
Myth #5: Betting while feeling depressed is just a harmless escape
Fact: A depressed person who places bets may drown his or her bad feelings with the excitement. In fact, many people gamble to forget the problems in life. Very few people succeed in drowning their hardships in life by gambling and yet manage to stay away from an addiction. People who get stuck with an addiction should work more on their priorities before participating in betting activities.
Myth #6: Gambling only creates losses
Fact: Lotteries are other betting activities also often used for raising money during charities. To help less unfortunate people, casinos occasionally hold charitable activities to gain profits. This shows that gambling can also be used for noble purposes.
Myth #7: You are able to visit casinos freely anytime
Fact: In most casinos, you must prove that you possess a healthy financial state before entering the building. In Singapore, for example, a person who visits the same casino for the fifth time within a month is considered a high-frequency gambler. On his or her sixth visit, the person must prove that he or she is not currently having financial problems before being allowed to play.
It may seem strange to equate casino gambling with Taoist philosophy, but it may be because gambling is so much a part of and widely accepted in Chinese culture.
The very first recorded history of playing cards date back to 9th century China which makes sense being that they were the inventors of writing paper. The first book written with reference to playing cards dates to the Tang Dynasty (618-907) called Yezi Gexi. By the 11th century playing cards could be found throughout Asia featuring many of the 108 heroes of Lan Shun found in the Chinese classic the “Water Margin.”
In the 16th century playing cards had made their way to France and it is there that they began using the suits of picture cards that we are familiar with today based on figures of French nobility.
Taoist philosophy is said to be nearly 6,000 years old and came to prominence with the teachings of The Yellow Emperor, Huang Ti, the first emperor of China. With many of their scientific discoveries such as mathematics and astronomy, there was also a deep connection to astrology, symbology (a science of symbols and their effects), numerology and many forms of mysticism.
In the 7th Pillar of Taoism, “The Tao of Mastery,” The symbol for water is K’AN and states, “to be successful and fortunate, risk must be taken.” Luck to the ancient Taoists was a form of control and timing.
Clearly in all gambling, timing is an important factor. Regardless of the type of gambling, all of it’s forms tend to run in cycles, both winning and losing ones. It is the skill which one navigates through these cycles that the player conveys their level of control over the outcome.
The first serious studies of gambling in the 20th century were done by economists who expressed their confusion that gambling is a losing proposition and in effect, irrational behavior. In 1945 William Vickery, a noted economist, concluded that gambling should be measured not in expected gains but by the money a gambler doesn’t have that appears to be more valuable to them than what he does have.
The typical view is that gambling is self-destructive, undermines the work ethic and removes money that could be put to better uses in the economy. The notion that most people tend to gamble beyond their means remains unproven and was disputed in research conducted in 1966 in the “Economics of Gambling” published in London, England. In this study it was found to be an affective outlet for frustration, a relief from loneliness and a leveler of inequality among the economic classes.
Many psychologists view gambling as a normal form of recreation and destructive only to the addicted. They stated that the solution lies in treating the gambler, not in the condemnation of gambling as a whole.
The casino patron is courted with opulent surroundings, swimming pools, shops, shows, night life and “comped” amenities. The attraction is undeniable as an escape from tedious and purposeless occupations. Being confronted with the myth of success, when faced with insurmountable economic and social obstacles, makes the whole casino experience much easier to understand.
My own opinion is that people who gamble solely for the thrills and excitement, with no care of the economic results, would do better to find a more fulfilling and less expensive hobby. Gambling is an isolated activity. It will not take the place of a meaningful relationship nor will it counteract feelings of alienation or loneliness. These are not reasons to gamble.
Using any type of gambling to fill a void in ones personal life, something which it cannot do, is the type of gambling that can lead to devastating consequences.
If you’ve ever been in a casino, there is one thing you’ve probably noticed more than anything else… that one thing is seeing people lose money. This happens because the amateur gambler enters into this competition without a basic knowledge of the odds of the games, a playing strategy or even a thought to proper money management. It’s a careless way to handle ones money and does little to change the inevitable outcome.
Casinos love this type of gambler and spend a fortune attracting their business. With the odds squarely in their favor, the casino operators know that even though there are highly effective methods of playing that can shift those odds to the player, very few of them will invest the time or effort to use them.
Common sense tells us that if everyone that gambles in casinos lost, they would cease to exist. In order to attract losers you must have winners and it is just as easy to win at many casino games as it is to lose.
I do not write for the weekend gamblers who are looking desperately to have a good time at any cost. Winning is not even in their vocabulary. They consider the possibility of winning to be remote as if being left completely to chance.
It is the individual who is determined to win at any cost that I feel are most like myself. It is to these individuals that I offer the following. There does exist many ways to achieve your goal. Resolve that you will learn everything you have to in order to win consistently when risking your hard earned money gambling in casinos. To me, nothing else makes sense.
The credit card companies lobbied for laws governing online gambling with credit cards, although one would think that people would be the ones hesitant to their credit or debit cards online.
The main reason behind the shift in laws is that too many people have made it a habit to create debt that they cannot repay. Lawsuits have pardoned the debt, paid lawyer fees in full and left credit histories untouched. This is good for the people in debt, but bad for the credit card companies who end up losing a lot of money.
Response from Credit Card Companies
Charge card companies have decided to exact stricter regulations regarding credit balances by amending the terms and conditions surrounding receiving a card. Now you find higher interest rates incurred for particular transactions, so hopefully the user thinks twice before creating debt in certain ways.
Avoiding Financial Difficulty
Many people struggle with gambling addiction and online gambling with charge cards make it easier to spend large amounts of money than when gambling at a land-based casino. Many land-based casinos even advise players to leave their cards at home, so that they are not tempted to spend more than they can afford. Visiting online casinos makes this discipline even harder because generally you access these games from home. It is best that you then have someone you trust take responsibility of your credit and debit card while you play so that you do not end up making rash decisions regarding your money.
What Does the Law Say?
Some countries and states have designated areas where gambling is legal and those where it is not. This means that you could easily be breaking the law when pursuing online gambling with credit and debit cards. Online gambling is already illegal in the United States of America and this has led to interesting convictions in courts whereby credit card companies are being persecuted for allowing the activity to take place instead of the player for gambling online.
No More PayPal
You can no longer use PayPal as a direct payment option for online gambling and the majority of accredited online gambling sites have removed any mention of PayPal. This means that players do not have the option of transferring money from their MasterCard or Visa to PayPal accounts in order to gamble online.
Credit institutions each have their own policies regarding online gambling with credit cards and it is best that you familiarize yourself with those that apply to you and your credit card company. American Express, for instance, offers credit services managed independently from other banking institutions, while MasterCard and Visa is affiliated with many different banks around the world.
If you still want to use your credit card for online gambling, some casinos have developed a method that bypasses PayPal and the credit card bans against online casinos. Simply put, you use your credit or debit card to buy a “gift card”. You then use the gift card in the online casino, and MasterCard, Visa or other card company sees a purchase for a gift card.
These are people who are interested in sports psychology. Namely, these would be businesses such as sports bars and casinos. They need people to come in and watch live sporting events, and the more entertaining they can make it for their patrons, the better.
Live sports have been found to be more interesting when there are games that have specific time limits. In other words, sports such as football, basketball, and hockey are going to be more interesting than baseball or some other untimed sport. The time limits in sports help to keep a sense of urgency that is simply not present in an untimed sporting event. That means that the viewer gets more of a rush out of watching the timed event. Odd as it may sound, a viewer of a timed event actually experiences things such as increased heart rate, higher blood pressure, and even sweating in some cases. Though they are not directly involved in the action taking place on screen, they feel as though they are right there in the game.
The physical effects that one feels when they are watching sports can actually encourage them to engage in behaviors that they would likely not engage in if they were in a normal non excited state. These behaviors include eating more than they otherwise would and even gambling more money than they would otherwise when they are in the casino. That is obviously something that these places want to take advantage of to make some more money for themselves.
Another thing that the casinos can take advantage of with live sports is the ability to offer live betting right along with it. Not all casinos have this, but some do in fact allow gamblers to place their bets on events that are just about to unfold during the game. Those bets have to be placed quickly and without as much thought process as one might put into bets that they place on the outcome of the whole game before it even starts. The lack of time to think things through can make gamblers a little more reckless than they otherwise would be. That adds up to more money in the profits of the casino.
There is more research into live sports than there ever has been before. More people are starting to look into this because they want to know what impacts it has on human psychology. We have already turned over some of the effects that it has, and there are likely many more that we do not yet know about. If it turns out that this is in fact the case, then there could be even more opportunities to look at for future research.
Over the last year and a half, Singapore has launched two brand new integrated resorts. One of the resorts is the luxurious Marina Bay Sands Resort and Casino, which is located right in the city center in the Marina Bay area of Singapore. It is owned by the Sands Corporation, which is the same American company that is famous for their flag ship Sands Casino in Las Vegas, United States. Here are some highlights of what the Marina Bay Sands Resort and Casino has to offer.
The casino at the Marina Bay Sands Resort is a two story gambling facility with all the popular games such as Black Jack, Baccarat, and Roulette. Also they have many jackpot slot machines available. As with all casinos in Singapore, all Singapore citizens and permanent residence holders must pay a 100$ levy to enter.
The Shoppes At Marina Bay Sands
The Shoppes at Marina Bay Sands is a huge shopping complex that is connected to the resort hotel and the casino. It boasts all the luxury brand name stores, such as the two story flag ship Gucci store, and the Louis Vuitton store located outside in the crystal pavilion. Furthermore, there are many dining options, from the normal food court, to celebrity chef restaurants. There is also a skating rink indoors and a stage theatre for the performing arts.
Art Science Museum
The Art Science Museum is the structure located outside that resembles a giant lotus flower. It is a daring piece of architecture that brings a unique vibe to Singapore’s downtown skyline. New exhibits are regularly placed here with the most recent one being the Titanic Artifact Exhibit.
The Sands Skypark is the viewing deck on the top of the resort hotel. It provides stunning views of the Singapore skyline, as well as the ocean front. If you are a guest at the hotel, you can also go to the other part of the Skypark which boasts a giant infinity pool from where you can swim and catch the amazing view of the city from above.
The Marina Bay Sands Convention Center offers public spaces for rent, which is suitable for trade shows, banquet functions, and even training events and seminars. The facilities are modern, and are equipped with the latest audio and visual equipment.
The luxurious Marina Bay Sands Resort and Casino is suitable for all types of visitors. With all these varied facilities and entertainment offerings, this integrated resort is definitely one of the major attractions in Singapore to see.