Investing in Gambling

It is debatable whether gambling can be classed as a form of investment. After all, it does involve speculating to accumulate like many forms of investments, such as riskier investment plans and share dealing, where markets can dip. To see how it is possible to increase your savings, although exercising control over your limits, we shall explore some different games of chance.

 

Horse Racing

In the UK most people in a lifetime will only bet on horse racing when it is the Grand National. This is a horserace or steeplechase that is run over 30 fences for 4.5 miles. It is not aimed at the true gambler but households playing along for fun. Having said that, betting shops do very nicely out of the event. Serious gamblers tend to avoid it due to the unpredictable nature of a race where even the outsider with even the longest odds had some chance of winning. The more relevant a name to a person’s situation at a time, the more likely they are to choose it for their bet. These kinds of names are informally, although not in the most typically correct of ways, referred to by pundits as the “housewife’s choice”. Serious racing pundits, however, will rely on “dead certs”, that is word from the stables as to a proverbial dark horse whose form would seem to have peeked for a particular race, although its previous statistics might say different. Insider knowledge is a bonus, but still, nothing is guaranteed. Many people who study betting can still be caught out even, particularly when backing a supposed favorite.

 

Casinos

There are many casino games that you can play. Additionally, you can choose a traditional casino (i.e., a land based one), or an Online Casino to play various games. In recent times however, players seem to prefer the latter option because of its availability on smart devices. But no matter what type of casino you choose, roulette and blackjack are always the most popular games.

A Roulette wheel is numbered 0 to 36. Its layout is not as straight forward as you might imagine. In its numbers from 1 to 10 and 19 to 28, the odd numbers are red, and the even numbers are black. However, in the ranges 11 to 18 and 29 to 36, the odd numbers are black, and the even numbers are red. Whether this reversal of odd and evens changes your luck is a subject of much debate. An analysis of American Roulette bets has shown that the odds of being paid out at 2:1 on the numbers 1-12, 13-24, or 25-36, are the same, with the odds of it happening 31.58 percent in each case. A 35:1 payment on a single number is strikingly lower at 2.63 percent. This means that you can risk less money but the likelihood of you winning on that single number considerably reduced in all probability. That is gambling for you.

 

Lottery

Lottery as a mild form of gambling, albeit equally potentially addictive, can relate to buying draw tickets or purchasing scratch cards from a newsagent or supermarket. The odds on even achieving your stake back are small but the fun that can be had massive. There is approximately a 1 in 4 chance on winning with a scratch card. The best odds of winning any prize at a drawn lottery is apparently the French lotto with odds of 1 in 6. In comparison to this, the UK lottery has odds of 1 in 9.3, while with Euromillions you have a 1 in 13 chance of winning something. The biggest jackpot ever won was the United State’s Powerball, which paid out a whopping 1.119 billion. This compares to 167 million on Euromillions. There are certainly millionaires and billionaires to be made but at very low odds. But then, you are staking less of your money in trying and satisfying your gambling habit in a way that is not going to affect your finances too much.

 

All types of gambling are a double-edged sword in terms of mental health. They give people hope that they can change their lives if they feel that they need changing, but it can also plunge them into debt when they least need it. The problems seem to be the level of addiction that can be acquired, even from something like one-armed bandits in the amusement arcade.