The Difference Between the Lotto and Lottery

What is the difference between the lotto and the lottery? Let’s start with the definitions of both:

The lotto – A random drawing with a prize going to the winner.

The lottery – A random drawing with a prize going to the winner.

Do these definitions sound similar? Yes, actually, they are exactly the same. There actually is no difference between the lotto and the lottery.

Why, then, are there two different words for the same thing? They are synonyms. Many different words in the English language have synonyms. Synonyms are different words with the exact same meanings.

Now, depending on where in the world you live, one of the two words will be more common then the other. And, there might not even be a real reason for using one word over the other. It might just simply be how it evolved. Although lotteries have been around for thousands of years, the modern lottery, as we know it today, has only really been around for less than half a century. So, depending on where in the world you live, it will be referred to as what term was used in the last few dozen years.

In North America, including Canada and The United States, it’s more common to refer to it as the lottery. No matter what game, including Powerball, Mega Millions, Cash 5, Lottario, Keno, or any game for that matter, it’s often referred to as a lottery.

In other places around the world, the word lotto is more common, especially in Europe. Take Germany, for example. In Germany, the most popular game is Lotto 6aus49. In Italy, it would be SuperenaLotto. It does not matter what you call it, though, because it is the same thing, a synonym.

In some countries that refer to the game as lotto, it might even be spelled differently. Sometimes it is spelled with just one “L.” Again, it doesn’t matter how it is spelled because it is still the same thing.

But no matter where in the world you are, it is a game where numbers are drawn at random and the winner is the person who has a ticket that matches all of the numbers drawn. Some lotteries draw the numbers live, often on TV, while others do not. The game is usually run by the country or state and the proceeds normally go to good causes that help the community, like building schools or hospitals.

The Basics of Online Sports Betting – Learning the Specific Bets

Online sports betting is expanding everyday and it’s not hard to understand why. It combines two all-time favorite past-times – sports and taking risks. We can’t all play professional sports. Most people can’t take weekly trips to Vegas. But thanks to online sports betting you can have the thrill of watching sports and winning money at the same time. All in the privacy of your own home! It doesn’t get much better than that.

Before you start placing bets you need to understand a few of the basics. This article gives you an introduction to the terminology used in online betting. You don’t want to make any bets that you don’t completely understand. Here’s where I wish to emphasize another good word of advice, always search out the top spots betting advice and assimilate that advice before you place any money on the line.

Straight Bets – With a straight bet you’re simply betting on a team to win. The amount of points a team wins by doesn’t matter. If the Cowboys and Jaguars are playing you simply bet on which team you think will win. This is the most basic bet.

Betting a side – This is similar to the above bet. You’re choosing a “side” or a team you think will win.

Point Spread Betting – A sports book will list which team is the favorite to win a particular game. They’ll also show the estimated amount of points they’re expected to win by which is called the spread. So they don’t just say the odds are on the Cowboys to win. They’ll say the Cowboys are expected to win by 7 points or 11 points, etc. If you bet on the Cowboys to win but they only win by 5 then you haven’t won your bet. They didn’t win by enough to cover the spread.

Against the Spread or ATS – This is similar to the above bet. Instead of betting just on who will win, you’re betting they’ll win by more or less than the amount of the expected spread. I think you are beginning to see why I insist that you find the top sports betting advice. In your research look for a system, a proven system where the promoter of the system has a dedicated following of winners. At the end of this article I will point you to one, but there are dozens more. Find the one right for you.

Over/Under bets – As well as listing a favorite team and the point spread they’re expected to win by, the oddsmakers will also list a total over/under score. This is the total amount of points the teams will score during the game. If the number is 47 then they’re anticipating both teams to score a combined total of 47. If you bet “over” then you’re betting the total score will be over what’s expected. If you bet “under” then you’re anticipating the total score to be less.

Parlays – Parlay betting is when you group several bets on one ticket. Let’s say you make three bets, but instead of placing them separately you place them all on one ticket. If you win all three the payout is greater than if you’d played each bet separately. However, if you lose even one bet the parlay is a loser. You must win every bet on the card.

Future Bets or betting “Futures” – A future bet can be a profitable bet for small bettors but the odds are high. It involves betting on a game such as the Super Bowl while the season is just beginning, etc. You’re betting on which team will win a future event before it’s even been decided who will play in the game.

There are many other variations of bets but this gives you the basic online sports betting terminology to understand the most popular bets.

Is Poker Gambling Or Investing? A Different Outlook on Poker

Well I have put a lot of thought into this question and have asked a lot of people what they thought. I was very surprised that many people seen it as straight up gambling that poker was the same as blackjack or even worse slot machines. When I said I see it as an investment and here is why a very large percentage of people said I was totally crazy. Poker was gambling and the casinos made big money off the game. WOW there it is people for the most part see POKER as a GAME. How you see poker for a big part determines how you play. Do you see poker as an investment or a risk of your cash?

Let’s take a minute and look at the two words RISK and INVESTMENT. For most people RISK means foolishly parting with your money HOPING that you will get a big return on it but not expecting anything back. Your friend comes and says hey I got an idea for a new type of fuel for heating houses I need you to “invest” 10,000 dollars. You on the other hand see it as a huge “RISK” because you don’t fully understand it all and feel you will never get your money back. On the other hand when you invest you feel secure in knowing you will get all your money back plus a profit over the long run. You think of the stock market as investing especially if it were a company like “Google” or Microsoft. But if you follow stocks both were bad investments not long ago because of the economy and everything going on in it. If you did buy Google or Microsoft over the long run you will be OK. But you still were “risking” money weren’t you?

Now go back and interchange the words risk and investing it can be done, BUT it changes the feeling of the sentence… risk is negative and investing is a positive. Now how do I apply this to poker you may ask? First POKER is not a game to me. Poker is a SPORT. By viewing it as a sport I have taking it from a game of chance in my mind where I need luck to win all the time to a positive view where over time with practice I can win much more often then I lose. I may not win every hand or every time I sit down but with practice I will win much more then I lose and I will be investing (see how you can interchange use risk now) my money in something I know will have a nice profit margin at over the long run. Look at a young “PRO” sport team, they have a lot of new players they are redesigning their whole team, young fresh faces, but very talented.

They practice more than any other team, they show they have a wide range of talent, they work together, and this year they are 50/50 for a win lose ratio except for injuries. What do you think their record will be next year? They practice the same every thing is the same next year I am sure you didn’t say 75/25 losing more then they win. Poker with practice and studying of the mathematics you can improve your game to a point where you feel that you made an investment when you sit down and buy the chips where you may feel am willing to risk 200 bucks in a game of poker today… Stop before you buy chips the next time and turn everything positive and see what happens with your playing style. Say I am going to invest this money in a poker match where I know over long term with practice I will get a nice return on my investment. See if it helps keep you more inline when choosing what hands to play, how much to invest in a hand and how you think about poker over all.

Casino Gambling and The Tao

It may seem strange to equate casino gambling with Taoist philosophy, but it may be because gambling is so much a part of and widely accepted in Chinese culture.

The very first recorded history of playing cards date back to 9th century China which makes sense being that they were the inventors of writing paper. The first book written with reference to playing cards dates to the Tang Dynasty (618-907) called Yezi Gexi. By the 11th century playing cards could be found throughout Asia featuring many of the 108 heroes of Lan Shun found in the Chinese classic the “Water Margin.”

In the 16th century playing cards had made their way to France and it is there that they began using the suits of picture cards that we are familiar with today based on figures of French nobility.

Taoist philosophy is said to be nearly 6,000 years old and came to prominence with the teachings of The Yellow Emperor, Huang Ti, the first emperor of China. With many of their scientific discoveries such as mathematics and astronomy, there was also a deep connection to astrology, symbology (a science of symbols and their effects), numerology and many forms of mysticism.

In the 7th Pillar of Taoism, “The Tao of Mastery,” The symbol for water is K’AN and states, “to be successful and fortunate, risk must be taken.” Luck to the ancient Taoists was a form of control and timing.

Clearly in all gambling, timing is an important factor. Regardless of the type of gambling, all of it’s forms tend to run in cycles, both winning and losing ones. It is the skill which one navigates through these cycles that the player conveys their level of control over the outcome.

The first serious studies of gambling in the 20th century were done by economists who expressed their confusion that gambling is a losing proposition and in effect, irrational behavior. In 1945 William Vickery, a noted economist, concluded that gambling should be measured not in expected gains but by the money a gambler doesn’t have that appears to be more valuable to them than what he does have.

The typical view is that gambling is self-destructive, undermines the work ethic and removes money that could be put to better uses in the economy. The notion that most people tend to gamble beyond their means remains unproven and was disputed in research conducted in 1966 in the “Economics of Gambling” published in London, England. In this study it was found to be an affective outlet for frustration, a relief from loneliness and a leveler of inequality among the economic classes.

Many psychologists view gambling as a normal form of recreation and destructive only to the addicted. They stated that the solution lies in treating the gambler, not in the condemnation of gambling as a whole.

The casino patron is courted with opulent surroundings, swimming pools, shops, shows, night life and “comped” amenities. The attraction is undeniable as an escape from tedious and purposeless occupations. Being confronted with the myth of success, when faced with insurmountable economic and social obstacles, makes the whole casino experience much easier to understand.

My own opinion is that people who gamble solely for the thrills and excitement, with no care of the economic results, would do better to find a more fulfilling and less expensive hobby. Gambling is an isolated activity. It will not take the place of a meaningful relationship nor will it counteract feelings of alienation or loneliness. These are not reasons to gamble.

Using any type of gambling to fill a void in ones personal life, something which it cannot do, is the type of gambling that can lead to devastating consequences.

If you’ve ever been in a casino, there is one thing you’ve probably noticed more than anything else… that one thing is seeing people lose money. This happens because the amateur gambler enters into this competition without a basic knowledge of the odds of the games, a playing strategy or even a thought to proper money management. It’s a careless way to handle ones money and does little to change the inevitable outcome.

Casinos love this type of gambler and spend a fortune attracting their business. With the odds squarely in their favor, the casino operators know that even though there are highly effective methods of playing that can shift those odds to the player, very few of them will invest the time or effort to use them.

Common sense tells us that if everyone that gambles in casinos lost, they would cease to exist. In order to attract losers you must have winners and it is just as easy to win at many casino games as it is to lose.

I do not write for the weekend gamblers who are looking desperately to have a good time at any cost. Winning is not even in their vocabulary. They consider the possibility of winning to be remote as if being left completely to chance.

It is the individual who is determined to win at any cost that I feel are most like myself. It is to these individuals that I offer the following. There does exist many ways to achieve your goal. Resolve that you will learn everything you have to in order to win consistently when risking your hard earned money gambling in casinos. To me, nothing else makes sense.

In the words of the ancient Taoist, Lao Tse

“Fortune favors the prepared.”