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The Gambling Gene – How to Measure the Entertainment Cost


RTE had an interesting program on the other night called The Gambling Gene. togel hk siang It looked at the Irish people’s liking for a bet, to see if we were more inclined to bet than our European neighbours. Overall I thought it was pretty balanced. The presenter Joe O’Shea looked at both sides of the argument andiser over the often quoted statement that in Ireland people often bet the house, not each other.

itute vice-president, Jack O’Doherty looked at the positive side of Ireland’s casinos and also acknowledged that while there is a growing reputation for use of portable slot machines the majority of bets are placed on the traditional land casinos.

In excerpts from a report given to the European Commission last October, showed that Ireland’s casino industry is currently the ninth largest in Europe providing most of the population with a welcome source of income.

In fact even the Commission papers point out that Ireland’s reputation can change as the ban on betting continues and takes effect. togel hk siang They state that whereas in 2007 there were 442 casinos, this Irish ban has already led to the loss of 442 employments. This includes 387 jobs in the gambling activities sector and the rest sent home or went on leave. However Ireland still firmly retains its position as the largest provider of casino facilities in Europe.

With all of this in mind, perhaps it’s time to take a look at ways in which we can improve the way we bet in our favourite sport.

Suited to our likes

Taking place in two cities, Counsellor.ie decided to investigate the areas of online sports betting and mobile betting. Their probe revealed that 45% of people using the site were interested in making a bet on a sport. Just over 3% used the bookmaker’s site.

The betting provided nearly equivalent to 7 million bets to people across Europe. In the UK alone up to €60 billion has returned to betting funds. Taking into account the United Kingdom gambling tax (VIG), new French betting rules impose a fee of 13% on bets.

While France’s reputation took a big hit due to financial troubles, the industry is still stronger than ever in Spain, reaching into 15% of the population.

Betting is just one of many industries which have been affected by the employment situation, however many people have turned to betting in hopes of finding a quick return on what they already invested.

What can you do?

Well, you know that traditional betting is old fashioned and probably even garage related, but combining it with computer software, you can get an idea of just how much betting takes place online every day.

With just a click of a mouse you can have at what looks like an uncountable number of sports events, every day of the week.

Plus unlike the olden days where betting was limited to luckyreads, you can place bets on as many different kinds of events as you wish.

And unlike the past, with the creation of betting exchanges like Betfair, you don’t have the overstock of bookmakers who have an unbeatable advantage.

All of these betting options mean that you have more of the odds in your own favor. Unbeatable odds combined with great odds is a great position to be in when you have a betting idea.

But what about a real horse racing system?

There isn’t any great horse racing system in the market today, that’s for sure. Most betting guides out there will not even consider applying the ‘three simple rules’ outlined in this article.

I do not know the future; machines are sets of instructions telling you how to play a variety of casino games, each with their own betting rules and odds – a gambling system would need to be based entirely on statistical knowledge in order to be useful today.

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