Tag: Gaming and Gambling

Mastering the Game: Poker Tournament Bankroll Management Advice

Having steely nerves and playing strategically only gets you so far in the exhilarating world of poker tournaments. Bankroll management is an important factor that aspiring players frequently ignore. Acquiring the skill of managing your poker money fluctuations is just as important as perfecting your bluffing technique.

Practical Advice to Keep Your Poker Bankroll in Check

1-Set Realistic Goals

Set specific, attainable goals at the outset of your poker experience. Whether you’re playing for fun or professional stakes, having a goal in mind influences how you manage your bankroll.

2-Adhere to the 5% Rule

Experienced players generally agree that you should never risk more than 5% of your whole bankroll in a single tournament.

3-Recognize Variance

Understand the idea of variance, or the inherent variations in your outcomes.

4-Expand the Scope of Your Play

Do not put all of your eggs in one basket. Play a variety of buy-in levels and tournament formats to diversify your poker play.

Conclusion

Achieving success in high-stakes poker tournaments requires efficient bankroll management, which is often overlooked. You give yourself the best possible tools to deal with the erratic world of poker by recognizing variance, diversifying your play, having reasonable goals, and following the 5% rule. Recall that the most lasting wins come from cleverly managing the chips in front of you rather than from the cards you play. Maintaining a consistent bankroll through responsible play sets the stage for a long-lasting and fruitful poker career.

Changes in Online Gambling

online-gambling

There’s nothing to prevent you from having so much fun! 2021 promises major changes in online casinos. The legal situation is changing, allowing legal gambling on the Internet throughout Germany. This will eventually reveal an uncertain gray area, allowing light to enter the darkness.

State Convention on Gambling

This year, the State Convention on Gambling has been updated to meet the new requirements of modern casinos. More and more players are visiting online casinos and taking advantage of many benefits such as attractive welcome bonuses, frequent promotions, large offers, and the fact that they are not limited to business hours. Going to the casino has never been so easy.

This newly negotiated treaty, also known as the State Treaty on Gambling, will enter into force on 1 July 2021 and will legalize online gambling in all 16 federal states of Germany. So far, only the Federal State has had the opportunity to decide on its own approval of online casinos, but licenses and permits have only been granted in Schleswig-Holstein.

Gambling is actually banned at the national level because the potential for addiction is so great. But this will change soon. However, after October 15, 2020, there are provisional regulations that allow the legal operation of online casinos in Germany as long as the provider meets the requirements.

It’s changing

Liberalization means great relief for providers and potential customers, but the new gambling state treaty contains many regulations that must be complied with.

For example, a so-called lock file is set. Player data is stored and passed to other online casinos as needed. This is to prevent players from logging in to multiple online casinos and using unlimited funds. This means that consumer protection exists. The protection of minors is especially important here.

Advantages and Disadvantages

The decisive advantage is, of course, increased protection for players, especially addicted players. In addition, young people cannot participate in casinos or place bets. At the same time, regulated markets mean that online casino licenses and permits can be checked more easily.

On the downside, it should be mentioned that high levels of security are especially expensive for online casino operators, so it is difficult for many to establish a position in the German market. Maximum deposits and live betting limits are also sources of consumer dissatisfaction. Over time, we will know if these regulations need to be revised again.

online-casino

The Difference Between Gambling And Games

What is gambling?

What is the difference between gambling and games?
Some people say that they are not the same. I think it’s different. It’s a little strange experience, but while feeding the slot machine US dollars (as you can see, it feels more like feeding than throwing or betting), “I like games, but I don’t like gambling! ” Until then, I thought I liked gambling. I play mahjong, and I like investing in stocks and real estate such as online slots Malaysia. But even if I play slot machines or roulette, it doesn’t get hot at all. Rather, I experienced the feeling that my mind and heart were getting cold, saying, “In a world dominated by probability theory, if you do it for a long time, you can’t win .” So I thought about it, but in gambling, my choice has no added value, and it all depends on whether I’m lucky or bad. You realize that I’m not interested in such things. As a result of thinking for yourself and making rational choices, the probability of winning is increased, that is, it is a game, but that is what I am interested in.

What is a game?
So what is a pure game? Shogi, chess, Othello, etc. I think it’s a pure game, a brain battle where there is no room for elements of luck. Of course, there may be factors such as the opponent happening to be ill, making an inadvertent mistake, or miraculously coming up with a good move, but it must be a pure brain battle. Recalling that, when I was in elementary school, I was completely absorbed in shogi. I lined up the pieces alone at home and headed for the shogi board for a long time, so it’s quite serious. You will learn the fence, learn the proven method of hitting called joseki, experience the practice, reflect on it, and gradually become stronger. I think Shogi is a wonderful game that is very complete and can be proud of in the world.

Is business gambling?
So what I want to say is that if a business is a game or gambling, it’s a mixed type. When you start up a venture business, people may think that it is gambling, but at least a good venture has a high element of games. Game 8: Isn’t it about gambling 2? To put it the other way around, I don’t think success will be felt otherwise. If you start a business in Game 3: Gambling 7 from the beginning, you may easily lose in the first game, and scarily, business is a repetitive game, so even if you happen to be lucky this year and win, next year Will be sent off. The probability of keeping it for 10 years will be very low.