- Gambling Meaning In Easy English Dictionary
- Gambling Meaning In English
- Gambling Meaning In Easy English Sentences
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From Simple English Wikipedia, the free encyclopedia
Poker chips, often used during gambling games.
Gambling is a contest where a player bets on the result of an event. The bet is generally in the form of money. The rules and the amount of money bet have to be decided on before the event happens.
There are three variables common to all gambling.
- The amount of the bet.
- The predictability, or probability, of something that would happen in the event.
- The odds agreed upon by the players.
There are many types of gambling. Casino games, sports betting (especially horse racing),[1] and state lotteries are some of the most common forms of gambling. Investments, such as stocks, bonds and real estate, are also sometimes considered forms of gambling. Generally, the odds are not in favor of the gambler.
Many people gamble for fun and entertainment. For others it becomes an addiction and a financial burden.[2]Gambling addiction is a serious mental health issue that can become life-threatening. People with a gambling problem should seek help. Research shows that older people are more vulnerable and how the brain can get addicted to gambling.
Gambling regulation differs in different countries. Some have established specific legal institutions. However, some countries have only overseeing laws. A well-known executive institution is The Gambling Commission in the UK. Its main function is controlling commercial gambling in partnership with people in charge of licensing. An example of strict ruling is the Gambling Law in the USA. The law decides gaming rules for local, state, and federal businesses.[3]
In some places, such as mainland China, gambling is illegal. Chinese people cannot do so inside their country, so they go outside of it, such as to Macau, which is known as the 'gambling capital of the world' because of its many big casinos. Other countries and local governments, such as Hong Kong, have some kind of gambling control board to make sure people don't gamble too much while allowing them to gamble.
References[change | change source]
- ↑'Cricket Betting'.
- ↑'The Effects of Gambling'. ProblemGambling.ca. 4 April 2016. Retrieved 12 November 2016.
- ↑'Gambling Commission'.
Other websites[change | change source]
Retrieved from 'https://simple.wikipedia.org/w/index.php?title=Gambling&oldid=7199133'
Most people look at the vast array of casino slot machines and assume they are all alike. They see a handle, a coin slot, flashing lights and figure one is as good as another. However, in making this assumption, they fail to see a lot of valuable information to help determine if they should play a particular slot machine.
Surprisingly perhaps, machines aren't all the same. The best way to separate one from another is to learn how to “read” a machine by looking at the payout schedule on the front. Let’s see what information can be found on a typical slot machine.
Casinos here in the U.S. and abroad keep several types of slot machines in play at any given time. A few you'll most often see:
Multiplier: This machine has a payout for a certain symbol and the number of coins played multiplies it. If the machine pays 5 coins for three lemons when you play one coin, it would pay 10 for the second coin and 15 for three coins played. This machine does not penalize you for not playing maximum coins. If you plan to play only one coin at a time, this is the type of machine you should look for.
Bonus Multiplier: This machine operates like the multiplier but offers a bonus when you play maximum coins and hit the jackpot. Three 7’s may pay 1,000 for one coin, 2,000 for two coins and 10,000 for maximum coins. The central question is whether the bonus is worth playing the extra coin.
Multiple Payline: These machines have more than one line of play. Each coin activates a particular line. If you hit a winner on a line that is not activated, you will not receive anything. The older machines used to have three lines but the newer video slots can have up to nine lines.
Buy-a-Pay: These are the most misunderstood machines in the casino. Each coin activates a different payout. You need the maximum coins to receive the largest jackpot.
One example is the Sizzlin' 7s machines. This machine will pay on cherries, bars, and sevens. The sevens pay 1,000 coins. If you play one coin you collect only on the cherries. If you play two coins you collect on cherries and bars.
Three coins are required to collect on the Sizzlin' 7s. If you hit the jackpot with one coin in you will not win anything -- do not play this machine under any circumstances unless you are playing the maximum coins.
Progressive Slots: The progressive slots take a certain percentage of the money played and add it to a pool for the top jackpot.
First and foremost, It is never wise to play a progressive machine with less than the maximum coins -- stories abound of people losing out on lesser progressive jackpots because of short coin play.
Some casinos link machines together within their own facility to offer mini-progressive jackpots.
Gambling Meaning In Easy English Dictionary
Megabucks and Quarter Mania are examples of machines from several casinos linked together to offer 'life-changing jackpots'. It's important to keep in mind that payback percentage on lesser wins is lowered to allow for these jackpots.
Gambling Meaning In English
All of the information you need is posted on the front of each slot machine. Before sitting down to play, taking a minute to “read” the machine will help make you more knowledgeable in determining which machines may be best suited for you.
Gambling Meaning In Easy English Sentences
Until next time, remember:
'Luck comes and goes...Knowledge Stays Forever.'
'Luck comes and goes...Knowledge Stays Forever.'