Which sex is better at gambling?

When we think of gambling, it is often men who come to mind as opposed to women. Movies and books depict great gamblers and men, while women sit on the sidelines as lucky charms, egging their men on. However, this is not necessarily the case, as there have been quite a few very successful women gamblers in our time.

It has been found that women are often more drawn to games which require luck, while men are drawn to games which require strategy. For example, there was a woman in Glasgow named Agnes Haddock, who bet 2 pounds on a couple of horses in 2007. She ended up winning a cool £688,620! The ironic thing, is that she is said to have chosen these horses based on their ‘nice names’ and nothing more. Men would generally look at factors such as winning statistics etc, but Ms Haddock relied purely on luck.

The way Haddock placed her bet is typical of how most female players gamble. The main difference between female and male gamblers is the motivation for gaming. Whether it’s a live casino game, a mobile phone game like online poker, or any other casino slot games, women are driven by the social side of casinos and see it more as a form of entertainment

Where Haddock could have done some research on horses, she instead made a social call and followed her instincts. Most men enjoy showing off their skills, making them more likely to have practiced playing certain casino games or to have studied everything related to the bet they are about to make. The differences in men and women lie in the fact that overall, games which require luck are favoured by women as opposed to games which require in-depth strategy, which are favoured by men.

There are gambling statistics which actually support this view, because believe it or not, men lose more in the space of a year than women do. With this in mind, it would look like the most successful gamblers are women. However, the general statistics do not account for factors such as how often bets are made and whether vast amounts are lost on high stakes games as opposed to ones with lower stakes.

When it comes to online gambling, our players consist of a range of both men and women. So come on ladies, show the men who is boss and carry on winning big!

Online gambling dos and don’ts

Online gambling can be a lot of fun for those who love to gamble, and it has become increasingly popular in South Africa in recent times. Being able to sit behind your computer saves you the effort of driving to a casino, and you still reap all the benefits of one. However, one needs to be careful when gambling online and there are certain tips which everyone should know about. Read on for some tips on the dos and don’ts of online gambling.

Start out with virtual money:

Most online casinos offer players the opportunity to start out with virtual money so that they can get to know the rules for the games and get a feel for how things work without losing any of their own money. It is a good idea to do this before progressing onto gambling with real money.

Take regular breaks:

When gambling online, it is easy to lose track of time as one can get very caught up. It is important to take regular breaks in order to get your brain to recharge. Take a break every 20-30 minutes or so and avoid playing for hours on end as this is not healthy. If you like, set an alarm to remind you to take these breaks.

Don’t drink alcohol while gambling:

We all know that when under the influence of alcohol, one is not able to make rational and clear decisions. It is therefore not a good idea to drink while you gamble online as you need to be able to think clearly. Otherwise, you may wake up the next morning and realize that you have lost a lot of money or played with a lot more money than your budget allows. Alcohol may also affect your gambling skills, which can also result in you losing money!

Accept a loss:

Of course it can be very discouraging when losing at an online casino game, but it is important to be able to accept any losses which may occur and move on. Some people have better luck than others, so keep this in mind and try not to take gambling too seriously. Play within your budget so that if you do lose, it won’t affect your wallet too severely. Gambling should be seen as a fun pastime which won’t ruin your life.

Learn strategies:

Last but not least, do not play decision-based games unless you are clear on how the strategies work. Games like Blackjack and Poker are good examples of this. Make sure that you are familiar with rules and strategies before you go spending your money.

We hope that these dos and don’t have helped you along your online gambling journey!

Concern over number of young gamblers in Singapore

It has been reported in Singapore, that there is a growing concern over the number of young gamblers who are gambling in casinos, as well as online.

Young teenagers are playing slot machines and participating in sports betting by using their pocket money for funds.  Youth gamblers have attracted concern after a recently released survey by the National Council on Problem Gambling (NCPG) found more addicts are starting young.

The survey found that nearly one in six hardcore addicts who have a flutter at least once a week did so before they turned 18. This is concerning as studies show that youth are up to four times more likely than adults to become addicted to gambling.

Councilors and specialists say gambling addicts are getting younger as social norms shift. Children are also looking to parents to bail them out when they are in debt with gambling. Parents help their children with debt as the stigma reflects badly on their parenting skills if they don’t.

This growing interest is also linked to the growing popularity of free online social gambling games. NCPG chairman Lim Hock San said that early exposure to online games make youth vulnerable to becoming addicted to gambling, especially online gambling.

Some online games do not require real currency, but allow players to buy virtual currency in order to advance in the game. “Such games are increasing the tendency of youth to try out online gambling later and we have been fielding 30 per cent more enquiries about online gambling in the past year,” said Mr. Chong Ee Jay, assistant manager at Touch Cyber Wellness.

With social media so prominent in this day and age, it is easy for teenagers to gain access to knowledge about the world of online gaming and find sites to do so.

It was suggested that parents do not pay off the children’s gambling debts, as this will teach them to be careful with online gambling. If parents continue to help their children, it will only make the problem worse.

While gambling can be an enjoyable pastime for adults, it is not something which people under the age of 18 should participate in. Most websites will tend to be quite strict when it comes to who they allow in, but it is still a parent’s duty to monitor kids and make sure that they don’t build up a debt which will land them in trouble.

South Africa may finally legalese online casino gambling

Free Online PokerSouth Africa NGB May Legalize Online Gambling Soon. Online gambling is not legal in South Africa at this stage, a new bill could change all of that within the the year or next. A draft of the Remote Gambling Bill of 2014 was recently published for the public’s scrutiny in South Africa’s Government Journals. Bill sponsor and Democratic Alliance Parliament member Geordin Hill-Lewis says that legalization of online gambling is at a point of possibility but not a guarantee. It could take time nine months or more for the bill to be processed by the necessary public and private committees. At the end,  online gambling in South Africa may or may not become legal.

South African lawmakers are under pressure from the commercial interests who are against the explosion of unregulated gaming websites. Similar to the voices of internet gambling proponents in the U.S consumer protection and taxation have also been quoted as reasons to consider approving the bylaw of Internet wagering.

This has been eight years overdue now and South Africa has fallen behind international standards, said Wayne Lurie the director of a South African law firm that specializes in gaming.

 

Outlook History of Online Gambling in South Africa

The South Africa Gambling Act of 1965 prohibited all forms of betting except horse racing, they regarded it more as a sport than a car for betting. The Bantustans saw an rebellion of casinos in the 1970s, this was a geographical exclusion to the rule due to the exceptional circumstances of apartheid, a nonoperational system of black/white segregation in South Africa. Live gambling eventually became legal in South Africa in 1996. In the 2000s, the government was raking in revenue from its brick-and-mortar casinos to the amount of 1.5 billion in ZAR.

South Africans to day enjoys live casino games, lottery, and other electronic bingo terminals. Online gaming almost came to fruition when The National Gambling Amendment Act of 2008 announced that online betting to be legal for the South African region. Before the online gaming industry could embrace the alter, however, the Gauteng Gambling Board cancelled it in 2010. The industry, in spirit, took two steps forward and immediately took two steps back.

South Africans who gamble on online casinos may face possible fines and time in jail. With that many citizens ignore the threat of punishment and chase online games anyway. Now the Remote Gambling Bill is on display for all to see and evaluate, certain South Africans might be even less likely to fear the consequences of illegal online gaming. With this bylaw, we can look at satisfy consumer demand and offer our customers a full suite of gambling products in a safe and secure online environment, that abides to the local regulatory controls and consumer protections.

 

South Africa Grasping to Catch Up With the Rest of the World

In Australia, the Interactive Gambling Act of 2001 permits citizens to gamble remotely. In Sweden natives may bet online according to Svenska Spel’s rules, although they may not gamble outside of their country’s virtual gambling borders. Cyber bettors in the UK appreciate sports betting, online poker, and other online casino games with other online sites that are affiliated with its White List. The US, three states have legalized internet gaming, and authorities agree it’s just a matter of time before other states follow suit. Advocates of legalized remote gaming in South Africa point out that much of the rest of the world has already approved of the activity

 

 

Top 5 Richest Gamblers in the world

Sheldon Adelson

Sheldon Adelson

Net Worth: $36.5 Billion

Birth Place of Gambler: Boston, Massachusetts, U.S.
Marital Status of Gambler: Married (Miriam Ochsorn)
Nationality of Gambler: United States
Date of Birth or Gambler: August 4, 1933

Americas casino giant magnate, Sheldon Gary Adelson has a net worth of $36.5 billion starting from January 2014. He is currently the 8th wealthiest American and he is the 16th wealthiest person in the whole world, Adelson enormously increased his net worth upon the initial public offering of Las Vegas Sands in December 2004. He is Chairman and Chief Executive Officer of the Las Vegas Sands Corp. The bigger parent company of Venetian Macao Limited which runs The Venetian Resort Hotel Casino and the Sands Expo and the Convention Center. Adelson fortune is up by $7 billion since 2010, as his strong position in the crazy casino Asian markets by pushing stock of Las Vegas Sands roughly 50% to a recent $48 (Shares have once traded as low as $1.50 in 2009.) Through his majority-owned major Sands China, Adelson has 3 resorts in Macau.

The original source of Mr Adelson’s wealth and current investments was a computer trade show COMDEX, which he and his partners developed for the computer  industry the first show was in the year 1979. He then sold it to the Japan’s Softbank for $862 million in 1995 and later built two Casino Hotels, for $1.5 billion Venetian Resort Hotel Casino and the 1.2-million-square-foot Sands Convention Center in 1997 in Las Vegas. He also opened up the $1.9 billion Palazzo resort in 2008.

 

Andrew Black 

Andrew Black

Net Worth: $187.5 Million

Source of Riches: Gambling
Nationality of gambler: United Kingdom (North Ireland)

Black, 47, he is a former professional gambler doing online betting exchange in 2000 with former partner Ed Wray (qv). The London based business came up on the stock exchange market in October last year and it is worth just over £1 billion. Black’s stake is worth £105 million, to which we add £20 million for the past share sales and other assets he has acquired. This is not bad for a man who didn’t have a job until he became 26 years.

 

Nigel Page and Justine Laycock

Nigel Page and Justine Laycock

Net Worth: $84 Million

Source of Riches: Lottery
Nationality of gamblers: United Kingdom

Nigel Page, 44, and Laycock, 42, have become Britain’s biggest lottery winners in February 2010,when the couple won £56m with a EuroMillions lucky dip ticket that Page bought online. They have sworn to look after their family members and close friends.

Page was running his own property agency company before he won the lottery, while Laycock was a representative for an estate agent. They have moved into an eco-friendly £4 million mansion and they also left their £400,000 house to their cleaner.

 

Ray Bitar

Ray BitarNet Worth: $40 Million

Source of Riches: Gambling, And Other Businesses
Nationality of Gambler: American

 

American businessman Raymond Bitar, CEO of Tiltware and one of the original founders of an online gambling poker site called Full Tilt Poker, Mr Bitar has an estimated net worth of $40 million. He founded Full Tilt Poker with  his partners Chris Ferguson and Howard Lederer, who are also famous American poker players. Ray was formally an impartialities trader in Los Angeles, where Chris Ferguson was one of his client list. They became good friends and Ferguson introduced him to Howard Lederer and several partners to launch their Full Tilt Poker project. Since the passage of the Illegitimate Internet Gambling Enforcement Act of 2006, Tiltware renamed itself to “Pocket Kings” and relocated to Ireland gamblers. Full Tilt Poker is the second most-popular online poker site, this site has operated since 2004 until 2011 when it unfortunately shut down by the U.S. Justice Department which has accused the company of bank fraud,  money laundering and illegal gambling. The company has denied the charge claims. The FBI have charged Mr Bita with illegal gambling, bank fraud, and money laundering offenses this faces up to 145 years in prison if convicted of all the charges.

 

Jonathan Duhamel

Jonathan DuhamelNet Worth: $32 Million

Source of Riches: Professional Poker player
Nationality of gambler: Canada
Date of Birth of the Gambler: August 24, 1987

 

 

The Canadian professional poker player, he is best known as the winner of the Main Event on the 2010 World Series of Poker (WSOP), Jonathan Duhamel has an estimated net worth of $32 million. Mr Duhamel has earned his net worth through all  his poker tournament winnings and is the winner of the Main Event at the World Series of Poker in 2010. He is also known as the first Canadian to ever win a gold bracelet for the Main Event. Starting on 2010, his live tournament winnings surpasses $9,000,000, that is the vast majority of which comes from his $8.9 million first place prize at the 2010 Main Event.

Highest ITM Main Event finish: Winner, 2010 (US$8,944,310)

World Series of Poker Records: Bracelet: 1 , Money finishes: 3