Casinos have gained popularity wildly in recent years. More people are gambling, and more people are learning about new and exciting casino games. For someone who has minimal gambling experience, it may seem overwhelming trying to decide whether to play in real world casinos, or online casinos.
One of the big differences is atmosphere. When you are playing in a real world casino, you are surrounded by many other players pg slot. The atmosphere is loud, bustling, and can be stressful for some. However, others thrive when they are face to face with their competition. In online casinos, the atmosphere is much different. You may be at your home, on your computer in your comfortable chair. Some players find this to be more relaxing, and so they are better able to focus on the game. Choosing the best atmosphere comes down to basic preferences.
The amount of money that can be spent is very different depending on the type of casino. Most real world casinos will involve using a substantial amount of money. Some casinos have certain amounts that you have to wager in order to play. Online casinos will often allow players to play for much less. There can also be a wider variety of priced games. Some of the more advanced players may opt for high stakes, while newer players can play for less money. This luxury is sometimes not given in real world casinos.
Convenience is also a major factor. If you happen to live in Atlantic City or Las Vegas, than real world casinos are readily available. However, if you live somewhere far away from gambling, then it can be very time consuming in order to go to a real world casino. Online casinos are available wherever you have a computer and an Internet connection. Many people like being able to log on and play for a little while before they leave for work. For vacationers that like to gamble, real world casinos can be very exciting.
Online casinos are also very helpful for players who have no experience with certain games. Many online casinos offer tutorials and detailed explanations that may not be found in a real world casino setting. It is important to note that many real world casino goers are very experienced and serious about their respective games. Someone new to casinos and those types of games may be overshadowed and overwhelmed by the more experienced players and the entire casino atmosphere
Many people will dismiss trading as mere gambling. Let’s examine a definition of gambling (from dictionary.com): To bet on an uncertain outcome, to take a risk in the hope of gaining an advantage or benefit. No trader can know what the outcome of a trade will be before it is complete. All traders have losing trades, but that risk is weighed against the expectation of greater winning trades. So, how is trading any different from gambling?
Trading futures is a zero sum game – for every buyer of a contract there must be a seller. When a futures contract expires, effectively what happens is that the losers pay out to the winners. It is often quoted that 90% of traders lose, which leaves only 10% of traders as consistent winners. What, then, separates the winners from the losers?
I would suggest that the 90% of traders that lose in the markets are those for which trading is just another form of gambling whereas for the winning 10% it is a business. How can this be? A simple analogy is with a casino. The players in a casino are gambling but the casino is a business. Why? Because the casino has a positive expectancy on all of it’s games which means the players must have a negative expectancy. Take a simple bet on red or black in roulette. The casino will pay out even money but, with the addition of a zero (or 2 if your really unlucky!) means the probability of winning for the player is just 18/37 or 48.65%. So the expectancy for the player is:
In other words, for every dollar bet the player will lose 2.7 cents. As the casino is taking the other side of this bet then for every dollar bet they will win 2.7 cents. The more bets that are placed then the more the results will tend towards this expected outcome. From a casino’s point of view they need to make the games as quick as possible to encourage the player to place more bets. Of course, in the short term the player could get lucky and win a few bets – but in the long term the odds are always against them and they will lose.