Bodog GamblingThe word "gambling" has a different meaning depending on the cultural and historical context in which it is used. In Western societies, it has an economic definition and refers to wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods." In most cases, the outcome of the wager is evident within a short period of time. The word gaming refers to instances in which the activity of money wagering has been specifically permitted by law and is not mutually exclusive with the word gambling.
Types of Gambling GamesThere are many types of gambling games:
- The beatable casino games, in which a highly skilled player with a well designed strategy can create a positive mathematical expectation, including: Blackjack, Pai Gow Poker and Titles, Paramutual betting, Poker, Slot machines, Sports Betting, Video Poker, 3 card poker, and Roulette.
- Unbeatable Casino games are those in which the expectation is negative regardless of how few or how many games the player plays, and include: Baccarat, Casino War, Fan'Tan, Faro, Keno, Let it Ride, Caribbean Stud Poker, Red Dog, 4 Card Poker, Sic Bo, Texas Hold'em Bonus Poker, Pyramid Poker, and Pachinko.
- Other forms of gambling include Card Games, Coin Tossing, Confidence Tricks, Carnival Games, Dice based games, Sports betting, Arbitrage betting, Paramutual betting etc.