Gambling jackpot

No matter which way you look at debt, it is still debt. However, unlike the more conventional impression of debt being something that happened because of a home mortgage, car payment or credit card usage, gambling debt is unique. The number one difference here is the temptation to continue gambling, hoping to hit the big one and then pay off all that debt accumulated due to gambling in the first place. The fact is, the odds are definitely stacked against anyone accomplishing this goal.

In a similar manner, those who continually run up credit card debt buying clothes, furniture and other electronic gadgets will never find themselves out of debt. If there is any hope of them one day getting out of debt, the first thing they need to do is stop over-spending. In like manner, this is what the gambler must also do. They must stop gambling in order to truly solve their debt problem.

Unfortunately, unlike those who spend money in order to have things, the gambler looks at their gambling in a different light. If they have lost money betting on horses or at the casino, they often think that their luck is about to change. All they need is that one big jackpot and they will then be living on easy street. They often convince themselves that all their efforts to win are about to pay off, so they continue to go deeper into debt gambling.

As is often the case, the individual begins their gambling problem in a small way. It usually starts with buying lotto tickets, playing bingo or placing bets with co-workers on their favorite sports team. Even though they lose more often than they win, the euphoria that overtakes them whenever they do win compels them to up the stakes in their gambling adventure. They soon begin visiting the race track, betting on horses or dogs, or they make the trip to the local casino for a little slot machine fun. The bottom line here: they begin to lose more than they win back and the debt begins to grow.

Even though they fully recognize the debt they are getting themselves into, they still believe they will one day win the big payoff and will be able to get out of the debt mess they are currently in.

Another aspect of this dilemma is purely psychological. Because no one wants to feel stupid or made a fool of by others because of their propensity to waste money gambling, they often justify their actions by making themselves believe that they will beat the odds and sooner or later hitting the big win will have made it all worthwhile.

The gambling industry doesn’t make it any easier with mottos such as “Lotto does good things” and “If you’re not in it, you can’t win it”. It can make the perpetual gambler think that, even if they continue to lose, at least they are ‘contributing’ to a good cause that benefits the community.

Even though this all makes sense, in the heart of the gambler they know they have a problem. They know that the casinos and other forms of gambling wouldn’t be in business very long if they lost more money than they won. The odds are clearly in favor of the gambling industry and the gambler instinctively knows this.

However, one of the cruelest things to happen to any gambler is to see the occasional big winner. That is often enough to keep them playing the game, hoping that they will be the next big winner. In truth, the very small numbers of instant millionaire jackpot winners are simply being used by the gambling industry to keep the rest of the gamblers going for broke.

The reality is this: in order to get out of gambling debt, the gambler must forsake one dream for another dream. Instead of dreaming about hitting the big jackpot and ending up on easy street, the gambler needs to come to the conclusion that the odds are clearly stacked against him, and this will never happen.

Accept that you are not going to realize a profit from all of that gambling. Admit to yourself that, even if you did win something, you will always lose it back in an attempt to win even more. The bottom line is, as long as you believe you can see a profit from gambling, you will never stop.

Begin to educate yourself by reading books that reveal the true statistics of the game to understand that no one can truly beat the casinos in the long run. You could even research the lives of those that have hit the lotto and see how their lives have turned out. You will soon discover that most of them are miserable, often suffering from depression, divorce, drugs or alcohol, not able to properly manage their unexpected riches, soon to be found poorer than ever, their self esteem gone as well.

The next step is to cease gambling in all its forms. It may require you to request being banned from casinos and race tracks. You will also benefit by canceling any accounts with a bookie or other sources of gambling. It will also mean that you must stop betting with friends and co-workers on potential outcomes of sports matches. You will even need to stop purchasing that occasional lottery ticket, even when it is at a new record amount.

By doing so, you can now use that money you were spending on gambling to start getting out of debt. Instead of thinking that you can buck the system by winning the jackpot and then paying off your debts, take that mindset and apply it towards really winning the big one by paying off your debts the right way. When you are willing to get out of debt through hard work and discipline, only then will you truly be the winner!

Casinos, the magic for those ones dreaming of making some quick bucks by chance, are a rage across the world; these top gambling payouts have the potential to change life for those who are lucky enough to be lucky! Traditional gambling locations, such as a bright and colorful Casino, is certainly glamorous, but online gambling is fast picking up with the advent of the Internet.

Top gambling payouts, which are rather very attractive, continue to draw people to try out their luck against odds to hit it big. A higher percentage of payouts is the natural draw. Casinos that advertise their machines having 95% or even 99% payout percentage are, in fact, telling the truth. However, this truth is spread over a period that is pretty long, the lifetime of the slot machines! Thus an average player may not be playing for the machine’s lifetime. It does not guarantee that a player wins 99% of the time they drop the money and pull the lever.

Online Top Gambling Payouts:

The above phenomenon is relevant to the internet gaming world too, with simple to complex software programs governing the chances of players getting lucky. The most professionally run online gambling sites have their results or payouts audited regularly and are published. This gives gamblers the choice and better understanding where to experiment with their money. Online casinos, like the regular ones, also implement many strategies to attract the maximum number of punters or gamblers. Thus they can also give out large payouts and keep the payout percentages high! There is constant competition between online gambling sites to attract the highest number by offering the most attractive payout rates.

The Slot Machine:

The progressive slot machine, which in fact turns out large, life altering, jackpots, are favored by many. The progressive slot machine jackpots are hard to resist. Their types are explained briefly below:

Standalone Machine: These are individual machines not connected to other machines or network. Their jackpot is normally fixed as a percentage of the money that goes into them. In House Progressive Machines: This constitutes more than one machine networked in a single casino. The income is more, so the payout is larger.

Large Area Progressive Machine: This system is the big daddy, making millionaires out of literal paupers! They constitute many machines linked, but are spread over many casinos over wide geographical and even national area. Normally one operator controls all machines in different locations. Thus jackpots are a percentage of the accumulated wealth of all machines!

Video Slots Versus Reel Slots

Reel slots have been the traditional stronghold on casino floors, that is, until the arrival of the more advanced and entertaining video slots. While a traditional reel slot machine spins quickly for the money they take, a video slot machine spins more, thus increasing the excitement quotient. Also, bonus spins are not charged. The top gambling payouts are higher due to the higher income they generate. These have now become a rage with gamblers. However, a few purists still insist on playing in the traditional reel slot machines.

Some Industry Leaders:

The Casino Rewards Group and Fortune Lounge Group are industry leaders. Between them, they run around 30 online gambling/gaming sites. Their reach is limited only to the Internet. Also, the flexibility of language and currency used for the games are great attraction at regional levels. Their top gambling payouts are hard to match!

The slot machine was invented in 1887 by Charles Frey of San Fransisco. The name “slot machine” is used for American gaming machines. In Great Britain, these machines are called “fruit machines”. In Australia, the machines are known as “poker machines” or “pokies”.

The slots were used for many years as an activity to keep the wives of gamblers in Las Vegas busy. At the time, the machines only took coins, and usually not for very large denominations. Women stayed busy, usually not spending too much money, while their husbands played black jack, roulette, and the crap table.

At the time, most of this gambling was done in Las Vegas, Monaco, or small islands that allowed casino gambling. Slots gambling was not a big part of public life in most parts of the country except for Las Vegas. Most of the people with gambling problems were confined to the Las Vegas and surrounding areas and not many people really heard about gambling addiction and its’ true dangers.

In 1979, gambling was passed in New Jersey, and Atlantic City became the Las Vegas of the east coast. In the mid to late eighties, video style poker games were developed and addiction to slots were becoming a bit more pervasive.

o As of this article, there are casinos in all states except two. Most of these states have allowed just slot machine gambling and no access to table games.

o Statistics have shown that slots gambling is the most popular form of gambling and is responsible for approximately 70 percent of all casino revenue.

o Statistics from studies done in Canada have shown that 58-62 percent of slots revenues come from gambling addicts.

o 98 percent of all gambling addicts who live in South Dakota are addicted to slots.

o The military puts slots on their bases, and according to the New York Times, the government has taken in more than 120 million dollars in slot machine revenue.

o One study shows that there are 1.2 million slot machine addicts in the state of California.

o Great Britain allows fruit machine gambling for children. These children and adolescents are involved in crime, truancy, and drugs and alcohol.

o In Asia, casinos in Macau are responsible for a huge surge in slot machine gambling addiction. Vietnam and Singapore are planning to open casinos in 2009.

o Asians have a strong propensity toward gambling due to their history of not seeing gambling as being a bad thing, but a way to make money.

These are certainly very scary statistics, and it can only get worse as slot machine gambling addiction continues to permeate our society both in the U.S and the rest of the world.

The public is very ignorant about the inner workings of a slot machine. People are unaware of the true odds in an electronic gaming machine and they do not realize that the odds are truly stacked against them.

Many addicted slot machine gamblers also believe in certain myths regarding slot machines. Some of these debunked myths are as follows:

o Contrary to beliefs, slot machines do not stop on winning or losing stops with equal probability.

o Slot machines are not “due to pay” because the machine was cold for a while, and it should be ready soon to pay a jackpot.

o Every slot machine spin is random, and goes through a random number generator. There are much less random numbers for jackpots than more common hands. Therefore, winning a jackpot is highly, highly difficult.

o Contrary to myth, it does not matter if someone uses a players card or not. It does not effect the outcome of the game.

o Although some machines may have a 90 percent payout, it may be weeks before it actually pays a jackpot.

o Just because the person before you pumped a lot of money into the slot machine, it does not mean that “you” will hit the jackpot.

These are just some of the debunked myths about slot machine gambling, and there are many more. Slot machine gambling is not just a harmless past-time anymore. Addiction is a serious social problem, and the consequences of this type of addiction is still yet to be seen.