Why & How You Should Invest in Gambling Stocks
Kosta Tiodorovic
2 months ago
Investing in gambling stocks has become quite a trend in recent years, especially with the increase in online gambling activities during global lockdowns as a result of the COVID-19 pandemic. In 2023, gambling investors saw a boom in investing opportunities, more specifically in the US, where Flutter Entertainment (FLUT) stocks were introduced to the NYSE. Other big players in gambling stocks include BetMGM (MGM) and DraftKings (DKNG). While it’s a good idea to invest in this industry, it still has its challenges. We’ll go into the intricacies of investing in casino stocks, see how this form of investment aligns with but also diverges from traditional gambling, and provide insights into how calculated risks meet the thrills of chance.
Gambling vs. Investing
While some people might consider investing to be somewhat of a gamble, these are two completely different concepts. Where investing in any kind of stocks carry an element of risk, gambling itself relies solely on chance, indicating much higher levels of risk. Both investing and gambling entail the allocation of capital with the expectation of rewards. However, the approaches, goals, and outcomes for each are noticeably different. Before we take a closer look at gambling stocks, we highlight some of the key differences between these two concepts.
| Investing | Gambling |
| Success relies on the performance of company stocks | Success relies solely on the probable outcome |
| Strategic decisions | Strategies may be applied, but outcomes are never guaranteed |
| Research-based | Limited timeframe |
| Requires risk management | Bankroll management plays a role |
| Long-term planning, progress & end-goal | |
| Long-term progress and end-goal |
What Are Gambling Stocks and How Do They Differ from Traditional Ones?
Shares in companies that are involved in the gambling sector are called gambling stocks. They are related to traditional brick-and-mortar casinos, online casinos, online sports betting platforms, and sports betting organizations. DraftKings, known for its online betting platforms, and MGM Resorts, a traditional casino industry behemoth, are two notable examples. MGM currently has a daily stock price range between $42.48 and $43.75, while DraftKings’s stock price hovers around $38.
The market dynamics and volatility of these equities distinguish them from ordinary stocks. Regulatory changes, economic situations, and cultural trends all have a significant impact on the gambling sector. As a result, the value of gambling stocks can fluctuate rapidly and significantly. This is in contrast to traditional stocks, which are frequently associated with more stable businesses and exhibit less volatility. Therefore, gambling stock investors must be prepared for a potentially greater risk.
The Process of Investing in Gambling Stocks
From basic market research to decision-making, investing in gambling stocks is a complex process. This path necessitates a thorough knowledge of market trends, regulatory environments, and company-specific performance metrics.
- Do some market research: Investors should know the ins and outs of traditional and online casino gambling, which includes land-based and online casinos and sports betting organizations. Understanding how these sub-sectors operate and their growth potential is critical.
- Get to know the regulatory environment: Gambling stocks are especially susceptible to regulatory changes. Gambling laws vary greatly among locations and can have a considerable impact on a company’s operations and profits. It’s critical to stay informed about current and anticipated regulatory changes in various areas.
- Do a thorough company analysis: Examining financial statements, management quality, competitive positioning, and growth initiatives are all part of this process. It’s also critical to evaluate the company’s responsiveness to changing consumer trends and technical improvements while investing in gambling stocks.
- Diversify your investment portfolio: This entails not just investing in various companies within the gambling industry but also expanding your portfolio with more reliable stocks in other industries.
- Make a final investment decision: After thorough research and analysis, the final step is to make a decision. This should be based on a strategy that aligns with your overall investment goals and risk tolerance.
Why Consider Investing in Gambling Stocks
Investing in gambling stocks has several potential advantages, making them an appealing addition to a diversified investment portfolio.
Growth Potential
The gambling sector, particularly online casino platforms and sports betting, is rapidly expanding. This expansion is driven by technological developments that have made gambling more accessible. Mobile betting apps, virtual reality casinos, and blockchain technology for safer transactions have changed the industry and attracted a larger audience.
Expanding Markets & Revenue Sources
The trend toward gambling legalization and regulation in various places has created new markets and revenue sources. Companies engaged in this field stand to benefit considerably as more countries and governments allow various types of gambling. This regulatory shift, combined with the industry’s adaptation to digital platforms, places gambling stocks in a distinct market segment with significant development potential.
When thinking about these assets, it’s critical to understand their distinct market position. Even in difficult economic times, the sector’s stability can be linked to the demand for entertainment and leisure activities.
Investors should, however, be aware of the dangers, which include regulatory changes and market volatility. A strategic approach that focuses on companies with strong fundamentals, innovative technology uptake, and a clear growth trajectory can assist in capitalizing on possible upsides while limiting risks.
Hitting the Investment Jackpot with Gambling Stocks
Unlike gambling, which is largely unpredictable, investing in gambling stocks requires thorough market research, an understanding of regulatory landscapes, and an analysis of company performance to reach a specific goal.
We must emphasize the importance of making informed decisions in this volatile sector. For a discerning investor, gambling stocks offer an exciting growth potential, but this necessitates a well-rounded approach and an awareness of associated risks. Balancing these elements can lead to rewarding investment opportunities that are ever-present in the gambling industry.
Sic bo is a fast-paced dice game that originated in ancient China. The literal translation of the name is "precious dice." The game is also known as tai sai, dai siu, big and small, or hi-lo, and it's played with three dice. It's a popular casino game in Asia, particularly in Macau and Hong Kong. Chinese immigrants brought sic bo to the United States in the early 20th century, and it quickly became a staple in American casinos.
Sic Bo Rules
Before you start playing sic bo, set a budget for yourself. Place your chips on the squares on the table according to the combinations you think will appear on the dice. Each variety has a chance of being rolled, and participants should use this knowledge to make informed bets.
A dealer will pay your winnings if the dice comes up according to one or more of your bets. If the dice don't land in your favor, the dealer will collect the losses, and the whole process starts over again.
This is a straightforward game where players bet on the outcome of three dice rolled by the dealer. When playing sic bo online, players can access a range of bet types, including betting on the total of the three dice, specific numbers or combinations of numbers, and even the sum of the dice being odd or even. You can play free online versions to gain a better understanding of the following payout associated with different bet types.
Bet Types in Sic Bo
The first group of bets entails those with a 48.61% probability and a 1:1 payout. These four bets exclude all types of triples:
Big - The dice sum falls between 11 and 17
Small - The sum falls between 4 and 10
Odd - The sum is an odd number
Even - The dice sum is an even number
Specific 'Triples' or 'Alls' refer to a particular bet where a player wagers that all three dice will land on a specific number. The odds and payouts for specific triples vary on the location of sic box casinos and go from 150:1 to 215:1, but a 0.46% chance of winning stays the same. Similarly, to win specific doubles bets, you need a number to appear on at least two of the three dice, but a 7.41% probability incurs payouts ranging from 8:1 to 25:2.
You need the three dice to land on the same number to win Any Triple or All' Alls'. This bet type, three single-number combinations, and three-dice total bets come with a 2.8% chance of winning and a payout of 30:1.
Lastly, you can engage in betting with these types:
Two dice combinations show a specific combination of two numbers, with a 13.9% probability of winning and a payout of 6:1.
A single dice bet is placed on a specific number from 1–6 to appear on one, two, or all three dice, with varying probabilities and payouts.
Four number combinations, where three of the four numbers must appear on the three dice, with an 11.1% probability of winning and a 7:1 payout.
Specific double and single number combinations entail two of a kind and a different third number, with a 1.4% probability of winning and a payout of 50:1 or 60:1, depending on the casino.
Beat the Odds with Proper Sic Bo Strategy
Players can always make informed decisions based on the probability of each available bet. If you're new to the game and want to know how to play sic bo and win, here are some strategies to keep in mind:
Stick to safe bets: The small, big, even, or odd bets have the highest probability of winning money, making them the safest ones in sic bo. While the payouts for such bets may be lower, they offer a higher chance of winning.
Consider the odds and the house edge: The odds and payout for each bet can vary from casino to casino. Find the casino with the best odds and lowest house edge.
Avoid high-risk bets: Avoid placing bets with low odds of winning, as this will quickly deplete your bankroll.
Use a betting strategy: Some participants prefer a betting strategy, such as the Martingale system. While systems can work, it can also be risky and lead to significant losses at first implementation.
Sic Bo’s Unique Variations
Sic bo has a few variations to play in casinos online, including Grand Hazard, a game of English origin played with three dice. It involves rolling the dice down a chute with inclined planes to tumble the dice unpredictably. The objective is to get three-of-a-kind, also known as "raffles," which pay out 18:1.
Another variant is Chuck-a-luck, known as sweat cloth, churckerluck, or birdcage, originating in Grand Hazard. In this version, the three dice are kept in a wire cage that pivots at its center and is rotated by the dealer, with single-number wagers and occasional triple wagers with odds of 30:1.
Roll to Victory with These Sic Bo Tips
Even though we are talking mostly about a game of chance, you need to understand how to adjust your approach to sic bo online versions. Adapting will help you make informed betting choices and increase your likelihood of success. Embrace the safe bets for consistent, albeit smaller, wins, and always be mindful of the odds and house edge. High-risk bets might seem tempting with their large payouts, but they come with low odds of winning. If you decide to use a betting strategy, proceed with caution and understand the risks involved.
February 1, 2024
Posted by Ilija Jaksic
The game of Mahjong consists of tiles and is played by four players. The Qing dynasty is credited for developing it, which spread across the globe by the early 20th century.
Known as Sparrow because of the clacking of the tiles that resembled the chattering of sparrows, its origins are unknown. However, one theory suggests that it's an adaptation of an earlier card game called "madiao." Depending on how you shuffle the tiles, locals have also referred to the game as "dry swimming."
It's a game of strategy, luck, and skill, and I'll cover everything you need to know, from the basic rules to the gameplay.
What is Mahjong?
The South China Morning Post reported that Mahjong, or Mah Jongg, originated more than 300 years ago in China. The game requires four players and is widely played in Asia and around the globe.
After being introduced to the United States around 1920 by Joseph P. Babcock, an American businessman who had lived in China, the game gained particular popularity. New York's Abercrombie & Fitch was the first to sell Mahjong sets.
The game of Mahjong consists of 144 tiles, each displaying an illustration from one of five categories. Chinese symbols or characters are used in the illustrations.
Equipment Needed for Playing Mahjong
Before I explain how to play Mahjong, I'll list the equipment you'll need in the sections below.
Tiles
There are 144 tiles in a Mah Jong (Mahjong) set, usually 30 x 20 x 15mm. Plastic has replaced bone or ivory as a common material for these sets. Below, you can learn more about the types of tiles in Mahjong:
Four sets of nine circle tiles numbered 1-9.
Among the 36 tiles, nine are in each of four sets.
Each set of bamboo tiles contains 36 tiles numbered 1-9.
1. A sparrow or rice bird often depicts one of the bamboos.
2. Red and green bamboos represent 1, 5, 7, and 9.
3. The other bamboo tiles are represented only by green bamboos.
Each of the four winds is represented by four tiles.
The tiles have 12 dragons:
Four Red dragons, which represent bright red characters.
Four Green dragons represent bright green characters.
Four White dragons, which represent completely blank tiles.
A capital letter 'P' is used to denote a white dragon, which stands for 'Pai,' which means pure or white.
Suits
A mahjong set has numbered tiles called suits. Namely, there are only three suits in Mahjong, bamboos, characters, and dots numbered 1 through 9. There are four tiles of each suit, making 108 tiles in all. Since suit tiles can be chowed, punched, konged, or paired, they offer the most flexibility.
Honors
The Wind suit is one of two honor suits. Each tile features a compass direction character — north, east, south, and west. In order to recognize and organize this suit, you must learn to read the cardinal direction characters in Chinese.
There are four sets with four tiles each. Therefore, there are 16 wind tiles in each game set.
Arrows, or dragons, are the other honor suit. Each set of arrow tiles has three tiles. As a result of ancient imperial exams, archery, and Confucius' cardinal virtues, this trio has multiple meanings.
Seasons and Flowers
Flowers can be worn as an optional suit. Each tile has a picture of a flower and a number ranging from one to four. Interestingly, each region has its way of playing the flower suit. Flowers can be used as wild cards to complete tile combinations or as a Joker in card games. Moreover, you can earn extra points by using flowers.
As with the flower tiles, the seasons are associated with a specific wind:
Spring – East
Summer – South
Autumn – West
Winter – North
Even though each season has only one tile, all four-season tiles match.
Wild Card or Jokers
Joker tiles can be used in assembling a hand, but for example, you can use four jokers in Southeast Asian and Chinese mahjong variations, including Shanghainese mahjong. On the other hand, you can use eight jokers in American Mahjong.
Dice
To determine seating and wall breaking, dice are used. There are usually two to three dice in a typical set. Therefore, it would be sufficient to use any six-sided dice. There are, however, some differences between mahjong dice and normal board game dice, including rounded corners and red numbers one and four.
Score Cards
In Mahjong, hands range in difficulty from 1 to 88 points, and a simple sum is derived by adding the points from each hand. In order to win, Mahjong can be declared with a minimum of eight points in the official Chinese version. Using a scorecard, you can keep track of your score.
Wind indicators
Wind indicators display the current wind speed. Usually, it's held by the east (dealer). American Mahjong is referred to as a bettor, as the fifth player bets on who will win.
Different sizes and shapes are available, but generally, the most common forms are a rotating cylinder, disc, or cube and its placeholder.
Scoring Sticks and Coins
There are many ways to play Mahjong, considering many elements such as points, cash, coins, or chips, but the most popular method is with scoring sticks, also known as ''bones''.
This set is ideal if you have a Mahjong set without scoring sticks or prefer to play with more sticks.
Racks and Pushers
Tiles are held in racks while pushers, also known as "extending arms" or "helping hands," push the wall into place. Note that racks and pushers were traditionally separate. However, the modern set includes racks attached with pushers to make it more convenient.
How to Play Mahjong?
There are variations of the game in different regions, but the basic rules of Mahjong are the same:
Face the illustration down as you shuffle the tiles.
Dice are rolled, and the dealer gets the biggest roll, and the person to their right is the first to play.
The players choose 36 tiles and arrange them into two rows of 18 each.
After that, the "walls" are pushed forward, leaving a space on the table for discarded tiles.
As the players take turns, they draw thirteen tiles from the pool, or the dealer divides them.
When the first player draws a tile from the pool, he or she can keep it or discard it so that their total number remains 13. Then, this process is repeated in a circle by the players. After that, you can take a new tile or pick up one discarded by another player.
Pong or Kong melds are formed when a player discards a tile, regardless of their turn. Compared to a Chow meld formed when the player to your left discards a tile. Note that a meld made using a discarded tile has to be announced and displayed to the other Mahjong players.
The player with four melds, or suits, and a pair wins. The total number of tiles required is fourteen.
How to Read Score Cards?
Red, blue, or green numbers or letters represent the hands on a scorecard. Using different colors means using different suits since the colors aren't specific to a particular suit. For example, there are no suits for flowers and zeros, which will always be blue.
1-9
In accordance with the tile's specific number (excluding flowers)
N,S,E,W
North, South, East, West
D
Dragon
R
Red Dragon
G
Green Dragon
0
White Dragon (Soap)
F
Flower
To organize the scorecard, you can use common patterns to categorize hands:
Year
A year's patterns, such as 2023. 2's, 0's, and 3's would be used in such cases. The white dragon is always used as a zero.
2468
Patterns that require even numbered tiles.
Change-up
This section varies
Quints
A hand with at least one quint (5 identical tiles), at least one of which is a Joker.
Consecutive Runs
Patterns of consecutive numbers.
13579
Patterns that require odd-numbered tiles.
Winds-Dragons
Patterns requiring wind and dragon tiles.
369
Patterns using 3's, 6's, and 9's.
Singles and Pairs
Patterns with single and paired tiles.
There are several different combinations for each hand. It's possible to find combinations with non-matching tiles, but most have at least two matching identical tiles.
Pair
Two identical tiles.
Pung
Three identical tiles.
Kong
Four identical tiles.
Quint
Five identical tiles, with the use of Jokers.
Sextet
Six identical tiles, with the use of Jokers.
Each hand has a value for scoring or gambling. The hand is marked with an 'X' or 'C,' depending on whether it is exposed or concealed:
E
Exposed
C
Concealed
The Charleston (American Mahjong)
The "Charleston" sequences before the gameplay are one of the main differences between American-style Mahjong and other Mahjong styles. Charlestons are exchanges of tiles among players. By passing tiles to other Mahjong players during the Charleston, players can get rid of tiles they don't want.
There are three stages to the Charleston:
The First Charleston (required)
The Second Charleston (optional)
The Courtesy Pass (optional)
Let's examine each stage in more detail in the following sections.
First Charleston
You, as a player, must perform the first Charleston regardless of how many hands you have drawn from the wall. The step consists of three passes:
1st pass — To the right of each player, three tiles are passed.
2nd pass — Players pass three tiles to each other.
3rd pass — It's the responsibility of each player to pass three tiles to the player on the left. When you perform this step, you can choose to perform a "Blind Pass" by taking one, two, or three tiles and passing them to the player to your left.
Second Charleston
Performing the Second Charleston is optional and must be agreed upon by all players. Three passes are involved in this step:
1st Pass - Each player passes three tiles to the player on their left.
2nd pass - Players pass three tiles to each other.
3rd pass - Players pass three tiles to their right. It is possible to perform a "Blind Pass" at this step.
Courtesy Pass
When the First Charleston and Second Charleston are completed, two players who sit across may want to perform one last pass. Depending on the lesser tile request, one, two, or three tiles can be passed. The courtesy pass won't be completed between a player and the player if no tiles are exchanged.
When all Charleston steps have been completed, the game can begin.
Tips for Playing Mahjong
If you still wonder, "how do you play Mahjong?" don't worry, as I will explain several Mahjong gameplay tips in the following sections, such as drawing and discarding tiles, calling tiles, rules of joker in Mahjong, how to end the game, and some common errors.
Discarding and Drawing Tiles
The excitement begins as players attempt to improve their hands. Since East has 14 tiles, it discards a tile when it starts the game. Unless a discarded tile is called (claimed by another player), the turn passes to the next player on the right.
Next, a tile is drawn from the wall. Next, the tiles are taken from where the walls were broken. Finally, when two tiles are high; otherwise, the bottom tile is picked.
In either case, the drawn tile can either be discarded or placed in the player's hand and discarded similarly. Their names are announced upon discarded tiles being placed face up in the center of the table. It won't take the other players long to figure out which kind of hand you want to build when you discard a tile.
The turn moves to the next player on the left if the next player does not call the discarded tile on the right. Drawing the card, discarding it, and continuing the turn is continued until an interruption occurs by a call.
Calling Tiles
During the play, any player may use the tile they just discarded if it completes either a pung, kong, quint, sextet or some other exposed hand combination (the types of hands marked with an "X" on the scorecard).
When a hand consists of only one tile, it is not permitted to call one for it to be completed.
To complete the Mahjong hands, each tile must form a pair with the adjacent tile.
Those tiles discarded before the most recent update are called dead tiles.
If a player calls for a discarded tile, and that tile doesn't result in Mahjong, the combination completed by that tile is exposed face up on top of the rack and that combination cannot be changed for the rest of the game. Following the discarding of the tile, the player will discard a tile, and if no one else calls it, the turn will go to the player to the right. Some players' turns may be skipped when a tile is called.
If several people call at the same time, provisions are made as follows:
Any tile a player calls to complete the mahjong hand trumps any tile called by any other player.
As long as none of the calls make sense in terms of completing a mahjong hand, the discarded tile will be given to the nearest player to complete the hand.
You must draw all the tiles in your hand from the wall to hit a concealed hand (the hand with a "C" next to its value on the scorecard) that has been concealed. Except for the last one, which allows you to declare Mahjong, none of these things may be called tiles except for the last one.
Joker Mahjong Rules
In addition to tiles used in a pung, a kong, a quartet, and a sextet, jokers can replace any tile in any combination. As a result, you cannot use tiles for completing a pair or a single tile if you have one in hand.
It is possible to exchange the joker for a tile in an exposed combination when a joker is substituting a tile if you happen to have the tile that is being replaced:
Draw a tile from the wall as usual on your turn, or call for a discard before the turn.
Substitute the substitute joker for the actual matching tile. It is possible to exchange multiple matching tiles for the exposed jokers.
If you want your hand to remain populated with the right number of tiles, you must discard a tile.
As long as the joker creates a combination, you do not have to expose any tiles when you exchange for it. In addition, it is permissible to exchange jokers in dead hands (hands not in the game due to a rule violation).
How to End the Mahjong Game?
The game of Mahjong ends when a player declares that it has ended or when they have drawn all the tiles on the wall.
The game of Mahjong is created when the scorecard is filled in with tiles from the wall or tiles called from a discard. In addition, it may be added a tile from the wall. It is the player who declares "Mahjong" who wins the game.
To determine the payout to the winner is based on the value of the hand and the way that Mahjong has been created:
Type of Mahjong
Payout
Mahjong made off a discard.
Discarder pays double the hand's value to the winner. Other players pay a single amount.
Mahjong made off a draw from the wall.
Each player doubles the value of each hand.
There are no jokers in Mahjong, and it does not fall into the Singles and Pairs category.
Winners of discarding hands are paid four times the hand's value. Other players pay double.
A draw from the wall is used in Mahjong, which contains no jokers and is not categorized as Singles or Pairs.
Four times the hand value is paid by each player.
Draw
As long as no Mahjong is called, all tiles from the wall have been collected, and the last discard has been made. The result of this is that no payouts are made as a result.
Mahjong Game Rules for Errors
Incorrect discards, incorrect exposures, and incorrect calls of Mahjong are some errors that can happen. In these types of situations, there may be penalties that have to be paid. As a general guideline, here are some general guidelines regarding errors:
Error
Penalty
The table has been touched or announced by an accidentally discarded tile.
Tile cannot be taken back.
A tile has been announced incorrectly.
Tile cannot be claimed.
Tiles are called but not exposed.
The call may be retracted.
An incorrect exposure has been made.
The exposure may be corrected before discarding.
A player has too few or too many tiles.
At the end of the game, the player's hand is dead (out of the game), but the winner will receive the same payout as all the other players.
There are too few or too many tiles for three players.
The game is replayed.
Based on the tiles exposed on a player's rack, another discovers that the player's hand is impossible.
The player's hand is dead.
Mahjong is declared incorrectly in this case, but the hand has not been exposed.
No penalty, and the game continues.
Mahjong is declared incorrectly, and the hand is exposed.
A player's hand is dead. In this game, the player pays the winner.
Conclusion
Mahjong is an excellent way to learn about Chinese characters, culture, and tradition, keep your brain sharp, and, most importantly, have fun. Learn the different variations of this game, and design your strategy based on your knowledge of the different tiles.
FAQ
How many players are in a game of Mahjong?
Three or four players can participate in the Mahjong game.
How many tiles are used per Mahjong game?
A Mahjong game requires 144 tiles and two dice. However, the way people play varies from country to country due to cultural differences.
How long does a game of Mahjong take?
The Mahjong game can last around two hours.
Is Mahjong Chinese or Japanese?
Mahjong originated in China in the 19th century.
How many Mahjong pieces do you start with?
There are many variations of Mahjong, but usually, a player starts with 13 tiles
Is Mahjong good for your brain?
It’s found effective in middle-aged and elderly people that playing Mahjong improves attention, logical thinking, and short-term memory.
Is Mahjong based on luck or skill?
Mahjong game is a game of skill and luck, 25% and 75%, respectively.
Is Mahjong difficult to learn?
It’s not the easiest game to master, but the basics of the game can be learned in no time.
November 16, 2022
Posted by Content Team
Politics and betting might seem worlds apart, but they're more entangled than you'd think. In this article, we'll get into how political events shape the odds, trends, and opportunities in sports and political betting markets. From historical context to modern intricacies, we uncover a relationship worth betting on.
Brief Overview of the First Betting Markets
Before we can dissect how politics influence betting markets, we’ll walk you through some of the very first bets ever placed, and how betting grew throughout the ages.
From laying bets on papal elections in the cobblestone streets of 16th-century Rome to 19th-century Wall Street traders wagering on presidential contests, betting markets have a rich and varied history. These early incarnations were not just whims of the crowd; they were, in many cases, the precursors to the sophisticated markets we see today.
By the 20th century, the theoretical framework provided by economists like Friedrich Hayek and Ludwig von Mises added intellectual heft to prediction markets. This paved the way for the Iowa Electronic Markets in 1988, transforming these markets from clandestine activities to subjects of academic study.
Decentralized platforms like Augur have ushered in the latest chapter, expanding access through blockchain technology.
Intriguingly, betting on papal elections was already described as "an old custom" as far back as 1503, underscoring the deep historical roots of prediction markets.
Now that we have a better understanding of how and where it all started, let’s take a closer look at the relationship between politics and betting markets, after which we’ll discuss the main factors that influence betting markets.How Politics Shape the Betting World
In a world where political climates can change as rapidly as the weather, betting markets are uniquely influenced. From sports arenas to campaign trails, the impact of political events is far-reaching, altering odds and outcomes on betting platforms across the spectrum. Here's how political events cast their long shadows on both sports and political betting:
The Intersection of Politics and Sports Betting
Political events often have unexpected ripple effects in the world of sports betting. Be it new regulations or international politics, these events can dramatically alter the landscape.
Regulatory shifts: Government decisions to regulate or deregulate sports betting can open or close entire markets, affecting the kind of bets you can place and who can place them.
International politics: Let's say the diplomatic relations between two countries sour just before a major international sports event like the Olympics or the FIFA World Cup. This political shift could impact team morale, public perception, and ultimately, the odds themselves.
Platforms for Political Betting
When it comes to casting your predictive net over the sea of political outcomes, certain platforms have become household names. For instance, PredictIt and the now-defunct Intrade offer(ed) robust markets for political wagering.
PredictIt: A hub for policy wonks and political enthusiasts, PredictIt allows you to buy and sell shares based on the likelihood of political events, from election outcomes to legislative actions.
Intrade: While it shut down in 2013, Intrade was a trailblazer in this space, particularly famous for its engagement during the 2008 and 2012 US Presidential Elections.
Political Events and Their Impact on Political Betting Odds
In the realm of political betting, stakes are high and odds are ever-changing, often swayed by the latest headlines and happenings.
Election announcements: The moment a high-profile candidate announces their run, odds for that election can swing dramatically.
Political scandals: Scandals or unexpected news can plummet a frontrunner’s odds in a heartbeat, while boosting the underdogs.
By understanding how political events mold the betting landscape, you not only become a more informed citizen but also a potentially more successful bettor.
Betting Markets and the Factors That Shape Them
In the ecosystem of betting markets, several elements come into play that can make or break the odds. No, we're not talking about just intuition or gut feeling here. Market dynamics are influenced by a blend of sentiment, regulations, economic principles, information imbalances, tech advancements, and even cultural beliefs. Here's how:
Sentiment: The collective mood can shift rapidly, influenced by anything from breaking news to social media buzz.
Regulatory changes: Laws can be game-changers. Legalizing sports betting in a state, for instance, will likely cause a ripple effect across the market.
Supply and demand: Basic economic principles apply here too. A flood of bets on one outcome can skew the odds, luring latecomers to the opposite bet.
Information asymmetry: Those in the know can shift the odds, especially in sectors like horse racing where insider info is invaluable.
Technology: Big data and machine learning are refining predictions, offering insights that can tip the scales in favor of certain outcomes.
Social and cultural influences: Never underestimate the power of collective psychology or cultural superstitions—like betting on "lucky" numbers or favored horse names.
The Bottom Line on How Politics Alter the Betting Field
From legislation changes that make or break markets to international politics that can rattle the odds on the sports field, the political arena is a powerhouse of influence. Platforms like PredictIt have even turned political outcomes into a market of their own, embodying the very essence of how deeply interlinked politics and betting can be.
So, when someone says politics and betting are worlds apart, you can confidently argue otherwise. In a sense, they're more like distant cousins, influencing each other in ways both overt and subtle. Intrigued to see where they go next? Well, that might just be a good subject for a future bet.
September 22, 2023
Posted by Bojana Grozdanic
The rise of social media and mobile gaming has brought about a new trend in iGaming—social casino games. These online gambling games are perfect for people who don't want to spend real money but still seek the excitement of gambling. In this article, we'll cover the best social casino games out there to see what makes them so special.
Social casino games mimic traditional casino games, such as slots, poker, blackjack, roulette, and more. They provide a simulated gambling experience where players can place bets, spin reels, play cards, and interact with various in-game features. However, they use virtual currency or tokens for wagering.
Furthermore, as the name suggests, online social casinos emphasize social interaction among players. They often integrate social features like chat, leaderboards, and the ability to connect with friends or other players. Players can share achievements, send gifts, or compete against each other.
Most social casino games follow a "freemium" model, allowing players to download and play the game for free. However, they offer optional in-app purchases for virtual currency or additional features. These microtransactions generate revenue for game developers while attracting a large user group.
How to Earn Real Money in Social Casinos
Although the main idea isn't to play social casino games for real money, there are a few indirect methods some players use to convert virtual currency into a real money prize.
Some social casino games may offer sweepstakes or contests where players can participate for a chance to win real money or prizes. These promotions are usually subject to specific terms and conditions, and winners are selected randomly or based on specific criteria like the total number of sweepstakes coins. Sweepstakes casinos offer added excitement to their players, with the possibility of making money without investing.
For certain social casino games, there are marketplaces for buying and selling virtual currencies. Some players may engage in secondary markets or online platforms where they can get real money for social casino games currency. However, it's important to note that such activities are typically against the terms of service of most social casino games, and engaging in them may result in penalization or account suspension.
Social Casino Currency
As previously stated, social casino games use special virtual currencies to support their gameplay. Players often receive a starting amount of virtual currency for free or can acquire more through in-app purchases or daily bonuses.
You can also earn additional virtual currency as you progress through the game or achieve specific milestones. In certain social casino games, players can receive virtual currency as gifts from friends or through in-game interactions.
Another important aspect of social casino games is the app economy. Players can use their virtual currency to purchase additional gameplay features, unlock special bonuses, or customize their in-game avatars or profiles. This creates an additional layer of engagement and progression within the game.
Social Game Types
Social casino games include a diverse selection of game styles to accommodate different players. Here are some examples of popular social casino games.
Slot Machines
Slot machine games are among the most popular social casino games. They mimic the classic slot machine experience, where players spin the reels to line up symbols and trigger various bonuses or rewards. Social jackpot slot games often feature diverse themes, engaging visuals, and interactive bonus rounds.
Poker
Social casinos offer different variations of social video poker, such as Texas hold'em, Omaha, and Stud poker. Players can participate in virtual poker tournaments, compete against other players or computer-controlled opponents, and experience the excitement of bluffing, strategic decision-making, and card combinations in one of the most popular table games.
Blackjack
Social casino games often include virtual blackjack tables, where players aim to have a hand value of 21 or as close to it as possible without exceeding it. Social blackjack simulates the classic casino experience, allowing players to make tactical decisions, such as hitting, standing, doubling down, or splitting their cards.
Bingo
Bingo is a popular table game offered in social casino apps, providing players with a virtual version of this classic numbers game. The game typically involves drawing numbers randomly and marking them off on the bingo card. The objective is to complete specific patterns on the card, such as a straight line, a full card, or other predetermined configurations. Players can compete against friends or other players, chat with fellow participants, and experience the thrill of anticipation as they get closer to achieving a winning pattern.
Roulette
Social roulette replicates the spinning wheel and betting options of traditional roulette. Players can place bets on numbers, colors, or various combinations and experience the anticipation of the ball landing on the chosen pocket.
Other Multiplayer Games
In addition to the aforementioned games, social casinos may include other popular casino games like craps, keno, sic bo, and more. These games offer a diverse range of experiences and ensure that players have a variety of options to choose from. Furthermore, the best multiplayer social casino games have different casino elements and offer an innovative multiplayer approach in which players can compete with each other.
10 Best Social Casino Games
You can find various different social casino options that offer unlimited hours of fun and entertainment. We've put together a list of the top social casino games that will surely meet all of your social casino expectations.
1. Zynga Poker
It's almost impossible to find someone who loves poker and hasn't tried Zynga Poker. It's a social casino game that brings the classic Texas hold'em poker experience to players worldwide. It allows users to play against friends or compete with millions of other players in real-time poker matches. Zynga Poker offers various game modes, such as sit & go tournaments and cash games, enabling players to test their poker skills and rise through the ranks.
2. Slotomania
Slotomania is probably the most popular social casino option known for its vast selection of slot machine games. With vibrant graphics, exciting themes, and various bonus features, Slotomania offers an immersive slot experience. Players can spin the reels, collect virtual coins, unlock new games, and compete in tournaments for a chance to climb the leaderboard.
3. House of Fun
House of Fun is a social casino game known for its unique and immersive slot machine collection. The game features compelling storylines, interactive bonus rounds, and visually stunning graphics. Players can embark on adventures, unlock new slots, and compete against friends to climb the leaderboards. Levels of "Playtika Rewards" range from bronze to black diamond. You'll be able to acquire unique in-game rewards and new slot titles as you move through the program.
4. Gambino Slots
Gambino Slots is a social casino game that offers a variety of three and five-reel slot games, featuring notable titles like Samba in Rio, License to Win, and Legend of Zeus. Initially, the game starts with a limited gaming library, but as players progress through the rewards program, additional titles are gradually unlocked. The rewards program operates on a tiered system, providing players with G-coins and free spins as they level up. Additionally, players can spin the daily spin wheel to keep their G-coins replenished.
5. Caesars Slots
Caesars Slots is a social casino game that transports players to the world of ancient Rome. With its captivating graphics and a wide range of slot machines, Caesars Slots offers an authentic Las Vegas casino experience. Players can complete challenges and unlock bonus games as they progress through the game. Other daily offerings include the legacy bonus and free coins every hour and a half with the express bonus. With an emphasis on slots, you can select classic, modern, and progressive jackpot slots, as well as over 15 different themes.
6. Big Fish Casino
Big Fish Casino is a social gaming platform that features an extensive array of casino games, including slots, blackjack, roulette, poker, and more. The game focuses on providing a social experience by allowing players to join clubs, chat with others, and compete in multiplayer tournaments. Big Fish Casino also incorporates special events and promotions to keep the gameplay fresh and exciting.
7. Bingo Blitz
Bingo Blitz combines the excitement of bingo with engaging gameplay elements. Players can participate in live multiplayer bingo matches, explore different cities worldwide, and collect rewards. Bingo Blitz offers various power-ups and boosts to enhance the gameplay experience, making it a popular choice among bingo enthusiasts.
8. WSOP- World Series of Poker
WSOP captures the essence of the prestigious World Series of Poker tournament. Players can compete in Texas hold'em poker tournaments against real opponents from around the world. With its authentic poker experience, challenging gameplay, and the opportunity to win virtual bracelets, WSOP appeals to both casual players and poker enthusiasts. This game also has a mobile app that allows players to enjoy the poker experience on the go.
9. Heart of Vegas
Heart of Vegas offers an immersive slot machine experience, showcasing a wide variety of themed slot games. With its visually appealing graphics and generous rewards, Heart of Vegas captures the excitement of playing slots in a real casino. Players can collect free coins, trigger bonus rounds, and enjoy the thrill of hitting big wins on their favorite slot machines.
10. Viva Slots Vegas: Casino Slots
This social casino can only be accessed via the mobile app, and when you initially join in, you will be awarded 2,500 credits. You may get your first hourly bonus of 500 coins right away, and frequent coin drops are accessible through email. Viva Slots features a straightforward progression, with a new game opening as you level up. You must pay a one-time price of $19.99 to become a VIP, which gets you 175,000 extra credits, additional bonuses, and access to unique VIP machines.
Social vs. Online Games
Social casino games and online casino games share similarities in terms of offering virtual casino experiences, but they also have distinct differences.
The main distinction is the presence or lack of real money wagering. Real money gambling is included in online casino games, where users may deposit money, place bets, and possibly win or lose money. Online social casino games, on the other hand, do not include real money wagers. They play with virtual cash or tokens, emphasizing fun rather than monetary incentives.
Another important difference is the regulatory framework. Online casino games are subject to strict regulations and licensing requirements, varying from country to country. These games must comply with gambling laws and age restrictions. In contrast, social casino games generally fall into the category of social gaming, which is often subject to different legal frameworks. They are not typically regulated as gambling activities since no real money is involved.
Finally, there are differences in the social aspects of the games. Social casino games emphasize social interaction among players. They often incorporate chat functions, leaderboards, and the ability to connect with friends or other players. Players can share achievements, send gifts, or compete against each other. Online casino games typically focus more on individual gameplay, although some platforms may offer multiplayer options or live dealer games.
Social Game Providers and Libraries
Companies that create and distribute social casino games are known as social game providers. They produce and manage game libraries, giving a wide range of titles to meet the needs of various players. Here are several significant social game providers, as well as a summary of their game libraries.
Playtika is one of the leading social game providers, known for its diverse range of casino games. Its library includes popular titles such as Slotomania, Caesars Slots, Bingo Blitz, and House of Fun. Playtika's games feature vibrant graphics, engaging gameplay, and social interaction elements that enhance the overall gaming experience.
Another well-known name in the social gaming industry is Zynga. The library includes Zynga Poker, Hit It Rich!, and Wizard of Oz. ZyngaGames emphasize social interaction, allowing players to connect with friends, compete in tournaments, and send virtual gifts in these live social casino games.
The final social gaming provider on our list is Big Fish Games. It's known for its extensive collection of casual games, including a range of social casino titles. The library features Big Fish Casino, Jackpot Magic Slots, and Gummy Drop! Big Fish Games offers a mix of casino games, match-3 puzzles, and hidden object games, catering to a diverse player base.
Social Online Casino Payment Methods
You can use several payment methods to buy in-game currency for social casino games. The most common method is credit or debit cards. Most social casino games accept major credit and debit cards, such as Visa, Mastercard, and American Express.
Digital wallets are also quite popular as a payment option. Some social casino games may support popular ones like PayPal, Google Pay, and Apple Pay. These options are convenient for mobile users, as they are usually already connected to smartphones.
Although it's less frequent than the previous two options, certain social casinos accept mobile billing. With this method, the cost of in-app purchases is added to the player's mobile phone bill or deducted from their prepaid balance.
Finally, more and more social casino games are starting to accept cryptocurrency. Whether you use Bitcoin, Ethereum, or Litecoin, there are social casinos where you can buy their virtual currency by using your preferred digital currency.
Conclusion
Online social casinos have gained popularity due to their ability to provide an engaging and entertaining gambling experience without the involvement of real money. These games offer a variety of casino game types, including slots, poker, blackjack, bingo, and more. They often incorporate social interaction features, allowing players to connect with friends, compete against others, and share achievements.
Social game providers like Playtika, Zynga, and Big Fish Games offer diverse libraries of games, each with its own unique features and themes. While social casino games don't offer direct cash rewards, some players may have opportunities to participate in sweepstakes or secondary markets where virtual currency can potentially be converted into real money.
Social Casino Gaming FAQ
What are social casino game examples?
Social casino games encompass a wide range of titles that replicate popular casino experiences without involving real money. Some of the best social casino games include Slotomania, Zynga Poker, DoubleDown Casino, Big Fish Casino, House of Fun, Bingo Blitz, and WSOP - World Series of Poker.Can you win real money on social casinos?
Some social casinos may occasionally offer sweepstakes or contests where players can participate for a chance to win real money or prizes.Why do people play free social casino games?
They provide a risk-free and cost-free way to experience the excitement and entertainment of casino games. Players can enjoy the gameplay, features, and social interaction without spending real money.
July 10, 2023
Posted by Content Team
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