Types Of Gambling Services

The gambling industry rakes in billions of dollars every year and provides millions of job opportunities. Although criticized by some quarters that say it promotes corruption at different levels, crime and compulsive gambling, it nevertheless has importance when money needs to be raised for certain services without increasing tax.

There are many types of gambling, not all legal. Some are public and others private.

Lottery

Lotteries are based on chance where players purchase sets of numbers in the hope that they match draws. Depending on the stakes, winners can take home millions of dollars or be awarded with lesser prizes like cars and electronics.

Players buy several sets of numbers to increase chances of winning which are always slim. Still, the desire to win compels many to continue purchasing tickets. A report in 2011 recorded global lottery sales of around $262 billion.

Slot machine

Slot machines are also a game of chance. A player inserts money into the machine and uses a lever or a button to spin reels. If the combination pictures or numbers are identical, the player wins. Like most gambling/casino machines, slot machines are designed such that the odds of winning are slim. This brings in money for the house while compelling players to accept the challenge.

Bingo

Bingo is a game that sees players ticking off numbers on a card called out by a caller. Whoever has the series of numbers on the card wins. The numbers called out are completely random and the game requires players to pay attention as if a player has the number on his card but fails to mark it, he loses his chance of winning.

Blackjack

Blackjack is a card game frequently played in casinos. The game itself is quite simple but can cause players to chance taking more cards and seeing them lose. Players are dealt a card each turn and the value of the cards are added up to as close to 21 as possible. If a player totals 18 and his opponent scores 17, the first player wins. However, in the quest to getting to the sum of 21, players sometimes keep taking other cards to total more than 21. In this case, the player who exceeds the number loses and his opponent wins.

Roulette

Roulette is another popular casino game that sees players betting on where a ball lands. The host spins a wheel as the players bet on which numbered hole they think the ball will land on. They may also bet on a string of numbers that add up to even or odd numbers. Whoever guesses right, wins.

Scratchcards

Scratchcards are cards on which are printed numbers or symbols hidden beneath a covering that can be scratched by a coin or hard object. The results are declared on television, radio or newspapers. The buyer who has the right number/series of numbers or symbols wins.

Most scratchcard contests offer less valuable prizes although the odds of winning are greater than in slot machines and other types of gambling.

Poker

Poker is a very popular card game played between two or more people. They’re given two cards each with three laid face down on a table. Bets are placed on the value of the cards. The player having the highest hand wins taking into account not only the cards in hand but on the table.

Gambling Addiction Basics

The coming age has brought with it numerous new pathological addictions, one of them being addiction to gambling. Pathological gambling was conferred with the status of a disease by the American Psychiatric Association back in 1980s. Robert L. Custer, M.D., is a pioneer in this field of problem gambling.

People who fall prey to this addiction are usually those who secure an income by means of blackjack, poker or other gambling activities. They are professional players who visit casinos not for fun sake, but to employ their skills and earn.

Based on their way of playing and the driving force behind it, gamblers can be categorized. For example, while professional gamblers are skillful and good in their game a casual gamblers plays merely for recreation.

The symptoms of gambling addiction are usually hard to identify. Since this disease is different from other substance related addictions like drug or alcohol abuse, the indications of this sickness are subtle. The nearest possible way in which the symptoms of this addiction can be stated is through the “Custer three Phase Model”. According tot his model, the gambling addiction can be characterized by three phases: the wining phase, the losing phase and the desperation phase.

In the wining stage, the compulsive gambler is ecstatic and overexcited with this earnings and is unwilling to quit gambling. Therefore, the addict usually increases his intensity of gambling . However, losing being the other half of gambling, his wining streak is short-lived. Nonetheless, recurrent losses do not deter him as he wants to win again and get his money back. Addicted gamblers suffer from financial stress, loss of sleep, and mental fatigue in this phase. They face problems at the family front. The patient also tends to borrow huge amounts or avail some money making schemes. As the gambler continues to face loss on every alternate day, he finds it difficult to stay away from gambling. Compulsive gamblers may resort to any means to raise funds for their obsession. They become desperate, with their debts becoming unmanageable. Loss of jobs, fight with friends and family, committing crimes or suicidal tendencies define this phase.

The question as to why does one gamble, can not be answered in definitive terms. One of the dominant reasons is the mental health of the gambler. For some people gambling serves as a n escape route from their lives. A compulsive gambler plays for kicks. He is just unable to stay away from it. Many researchers also blame the easy accessibility to casinos. The government and its lottery fund is also widely condemned.

Treatment programs and centers exist to treat this disease. Regular therapy and counseling is an effective and a widely used technique to cure this disease. Various support groups have also cropped up, where the addicts share their experiences and strengthen each others desire to quit gambling. Some groups that fund such programs include casinos and state lotteries. Some casinos lay stress on responsible gambling and have taken steps to make the people aware about his addiction.

However the first step, before undertaking nay treatment would be to acknowledge this disease. With very slight symptoms and effects this addiction is difficult to catch and acknowledge. Hence it helps to be aware to act wisely.

City Center – The Las Vegas Project That Will Transform the City and Las Vegas Gambling

We heard all of the headlines everywhere. They gambling casinos in Las Vegas are losing money, the casinos in Atlantic City are also losing money and a lot of gaming centers nationwide are tightening up on their budget to get through the next year and a half of tough economic times. This budget tightening has also hurt the job market in these regions that depend mostly on gambling revenues to keep food on their tables, but throughout all this gloom and doom there is one company that still has the guts to bring a big project to Las Vegas and bring many jobs along with it. MGM spending $9.1 billion for its incredible City Center project which will go live by the end of 2009.

What is incredible about City Center is that it is virtually a city within a city. Whatever it you are looking for that you can do within the city whether it is shopping, dining, golf, sports or gambling you will find that you could do it all at City Center. The beauty of City Center is that you can also purchase combo rooms and lived there. It will be a city within a city that is capable of sustaining itself without much help from the outside.

All of this is coming at a time when a lot of analysts are predicting that the economic recession will probably subside in early 2010 and by this time city center will be completely finished and this will bring at least 12,000 new jobs in to Las Vegas. This new project and the new jobs that will be coming in should instantly get Las Vegas back on track to the economic booms that it was enjoying before the recession happened.

Now if you have some hindsight you would look more into investing into Las Vegas homes right now while they are very cheap and sellers can’t even give them away. This new project will also bring in more of the upscale gamblers and visitors that Las Vegas is used to having in its town. This is a very exciting project that I have been waiting for for a very long time to finally happen.

Right now our job is to get by this recession and try to save a little bit more money but it’s good to know that there are incredible projects like this in Las Vegas to look forward to the next time we planned our trip there sometime in the year 2010. The future of Las Vegas sure is looking fun