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The advantages of betting with Intertops
Lazy Sports Betting Tactics
How to beat the bookies in the over-under markets
How to convert between decimal and American odds
How to get an edge in betting
How to test the credibility of a tipster`s record
Kelly criterion method
How to use Kelly Criterion for betting
How Weather Affects Sports Betting
Increase Your Chances of Winning Long Term Betting on Sports
Intermediate and Advanced Sports Betting
Common sportsbetting myths
Advices on Betting Fundamentals
Betting do's and don'ts
Choosing a staking method based on your betting profile
Betting staking plans
Value betting explained
Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
American types of bets explained
Martingale Considerations in Sports Betting
In-play betting
Accumulator betting
Mobile betting
A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
Does intuition have a place in sportsbetting?
Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
How do betting exchanges work
Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
A Novice’s Tutorial on Casino Gambling Games
How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
5 blackjack stereotypes
5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
The Last Guide to Video Poker Tournament Strategies You’ll Ever Need
Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
EUROPEAN VS. AMERICAN ROULETTE
EVEN MONEY CASINO BETS
Feel Confident When Gambling Online – 8 Tips to Help You Choose a Secure Site
Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
The only roulette strategy you will ever need
The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
Why Don’t Craps Players Just Use the Right Strategy?
Why I love American roulette
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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A JOURNEY THROUGH THE HISTORY OF GAMBLING

Gambling is one of the world’s oldest pastimes. Having started as entertainment back in the ancient times, betting outcomes were perceived as no more than a whim of the gods. Gambling has now transformed to the most extraordinary way to bring home the bacon. The story of that transformation is both interesting and relevant to all aspiring professional bettors.

In the US alone revenues from land based casinos and lotteries amounted to $57 billion in 2006, far exceeding the $20 billion for movie tickets and music recordings and the $28 billion in sales from McDonalds, Burger King, Wendy’s, and Starbucks combined.

Despite this, gambling is often frowned upon. By the end of the article you will get an idea of why this is the case, as well as of what distinguishes a gambler from a smart bettor. 

At the beginning was chance

The earliest recorded form of gambling that has ever taken place in human history is believed to date back to ancient China around 2300 BC. It wasn’t all about entertainment though. Evidence points to the dice having been used to decide the fate of territories. The same was also the case in Europe. Back in 100 AD, the dispute over the District of Hising between the King Olaf of Norway and King Olaf of Sweden was resolved in favour of the Swedish king, when he rolled double sixies back to back. (1/36 chance)

"Gambling was seen as a metaphor for life. Pliny the Elder famously wrote during the 1st century: “We are so much at the mercy of chance that Chance is our god.”

When it comes to betting on the outcome of sporting events, the credit goes to the Greeks, home of the Olympic Games. Thousands of years ago, athletic competitions, such as footrace and hurling the discus, were held in various cities with prize money bestowed on the winners. However, it was at the viewing stands of these events where the big money was made, with entire estates being wagered.

Even bigger sports bettors were the Early Romans, with heavy betting leading not only to losing their material possessions but even their freedom. From dice and knucklebones to board games and chariot races, in Rome all was fair; including the use of “magical” lead tablets with the aim to inflict bad luck and even death upon the rival.

Gambling was seen as a metaphor for life. Roman philosopher, Pliny the Elder, famously wrote during the 1st century: “We are so much at the mercy of chance that Chance is our god.”

Let there be light

It wasn’t until the Renaissance that risk was scientifically studied, leading to the breakthrough into the fascinating world of probability, the basis of modern risk management used by bookmakers and professional bettors.

The Renaissance was a time of religious turmoil, extraordinary innovation and a vigorous approach to science that put mysticism on the run. In 1654, Chevalier de Mere, a French nobleman with a taste for gambling and mathematics,  challenged the famous mathematician Blaise Pascal to solve the puzzle posed by monk Luca Paccioli about two hundred years earlier. The puzzle had turned into a riddle for mathematicians who remained unable to solve it. Pascal consulted Pierre de Fermat for advice, a lawyer and mathematician.

The result of their combined efforts marked the beginning of the end for superstition in risk-taking. What looks like a 17th century version of the game Trivial Pursuit is what led to the discovery of the theory of probability, the mathematical basis for the concept of risk management.

Over the years mathematicians transformed probability theory from a gambler’s toy into a powerful tool for organising, analysing and applying information; valuable quantitative techniques that we now use in all aspects of modern life,  from opinion polling and stock picking to wine tasting and drug testing.

Gambling or smart betting? It's your choice!

The Merriam-Webster dictionary defines risk as “the possibility that something bad or unpleasant will happen”. The American self-made billionaire Warren Buffet has famously stated “risk comes from not knowing what you are doing”. 

"Risk comes from not knowing what you are doing" Warren Buffet, self-made American billionaire investor."

Looking at risk from an etymological point of view, it derives from the early Italian rischiare, meaning “to dare”. In this sense, risk is a choice rather than fate. 

If we are to trust the advice of the successful investor, then the actions we dare to take are directly proportional to the knowledge we posses. As such, success is not a matter of chance, it's a matter of choice, at least for those who choose to channel the human passion for wagering into profit making.