Do you know that there are different types of gambling games? It would be fun to put a little taxonomy science to this favorite over our period of time. The game can be classified into several types depending on which aspects one will look at it. This may prove to be important to people who want to ensure that they are playing the right game for them. Or, this would be useful for people who want to extend their knowledge in games that they could play.
But before we get into our main subject, let us first discuss the variables in the game:
In all the form of play, three variables will always be common to them:
1. How much money (or material good) are 2
in play. The probability of the event.
2.1. Selection or random sampling of numbers or models, such as in lotteries, slot machines, bingo is ultimately unpredictable. The player’s ability or knowledge is useless as everything is based on “luck”.
2.2. However, to bet on how the horse races, boxing matches and even poker, a good player, also an expert, can predict the outcome of the match. So, a player who thinks better than the rest is more likely to win the pot.
3. Odds have agreed between two (or more) parties to bet; where there is a house or a custodian, the odds (quite legally) are organized for the house.
Now, let’s go to the three types of games:
First of all, we have Casino games . Casino games can be further divided into two: “beatable” games and “unbeatable” games. We will use the most initial variables used to define the two. “Beatable” casino games are games that can require a certain amount of skill, experience and knowledge to win the game. The example of this subtype includes poker, black jack, and sports betting.
Meanwhile, “unbeatable” casino games are games that are purely random and unpredictable. It does not require winning skills, but players are limited to losing in the long run. Examples of this are baccarat, roulette and pachinko.
Secondly, we have non-casino gambling games. These are games that are usually played out of recreation and sometimes, without stakes. Examples to this are bingo, lottery, backgammon and other card games.
And finally, we have the fixed-odds we play. Fixed-odds mean that the probability of winning or losing is equal to .5 or 50% each. This kind of game is common in sports games like jai alai, racehorse, basketball, football, boxing and the like. Except for horse racing, which bettors can bet on the second or third horse, all other examples require players to bet on any of the two competing teams.