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A Brief History of Gambling

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Gambling has taken place, in some form or other, for hundreds if not thousands of years, and is inextricably linked to the history of humanity.



From ancient China where indications of rudimentary games of chance were discovered on tiles, to Egypt where the oldest known dice were excavated, to scenes on Greek and Roman pottery which indicate that betting on animal fights was common and animals would be bred for that sole purpose, humans love to gamble and do so at every opportunity.



Around 200 BC �white pigeon ticket� was played in gambling houses of China with the permission of the province governor, who�d receive a percentage of the profits, and the winnings were often used to fund state works; Even Harvard and Yale were both initially funded using lottery money, which they continue to use today.



It is believed that playing cards first appeared in China in the 9th century, although the games played are unknown, and the cards bear little resemblance to those used today. The cards were often decorated with human forms, but as games spread throughout Europe, the Kings and Queens which we are more familiar with began to appear.



As gambling spread and evolved throughout society it became more organized and regulated.



The first casinos or gambling houses appeared in Italy in the 17th century; The Ridotto was established in Venice in 1638 to provide a controlled gambling environment, and casinos started to appear throughout continental Europe in the 19th century.



Games like Roulette and Vingt-et-un arrived in the US with early settlers from France, and steam boats on the Mississippi became the venue of gambling for wealthy farmers and traders; a version of poker, having originated in 17th century Persia, was being played in New Orleans in 1829.



The mechanization of gambling meant that winnings could then be regulated more accurately. The first gambling machine was developed by Sittman and Pitt in New York, and around the same time the Liberty Bell machine was invented by Charles Fey in San Francisco. The first video slot was invented in 1976 which paved the way for the online video slots that followed.



Online Gambling



In 1994, Antigua and Barbuda passed the Free Trade & Processing Act, allowing licenses to be granted to organizations applying to open online casinos. Before online casinos, the first fully functional gambling software was developed by Microgaming (one of the largest casino and slot game developers in the world today) an Isle of Man-based software company. This was secured with software developed by CryptoLogic, an online security software company. Safe transactions became viable and led to the first online casinos in 1994.



1996 saw the establishment of the Kahnawake Gaming Commission, which regulated online gaming activity from the Mohawk Territory of Kahnawake and issues gaming licenses to many of the world�s online casinos and poker rooms. This is an attempt to keep the operations of licensed online gambling organizations fair and transparent.



Soon after in 1999, the Internet Gambling Prohibition Act was introduced, meaning a company could not offer any online gambling product to any U.S citizen. This did not pass. Multiplayer online gambling was also introduced in 1999.



The first live dealer casinos appeared in 2003 courtesy of Playtech, which created a hybrid of �brick and mortar casinos� and the virtual world.



Mobile Gambling



Technological advances have attracted a new generation of players. Evidence suggests that internet users are using their desktops less and are more inclined to use handheld devices. The same can be said of those who enjoy online gambling and enjoy playing their favorite games whilst on the move. The top gambling sites have recognized this shift in usage and now there are many more opportunities for mobile online gambling.



Mobile devices are preferred by players for their convenience, players have immediate access to betting options, and online gambling and social networks are on the same mobile platforms, as operators recognize the growing interaction between the social network and gambling.



The Future � Gambling on the Blockchain



Blockchain technology and the emergence of cryptocurrencies is disrupting the gambling industry in ways we couldn�t have imagined even a couple of years ago. Using cryptocurrencies for gambling is becoming widely popular for casinos and can be used either as the main payment system, or as an alternative to fiat-based payment systems. The blockchain provides transaction transparency, reduced house edge and lowers transaction costs. The Blockchain also allows the user to gamble anonymously, almost instantaneous withdrawal and deposit times, and there is no need to hand over copies of documents or even create an account.



Blockchain technology brings this same characteristic to gambling, allowing anyone to be a member of the casino. Although some Bitcoin casinos allow users to fund the casinos and profit from a share of the house edge, these concepts have been taken to the next level by crypto platforms like Ethereum, where projects have created a system where token holders receive automatic dividends from the profits generated by the platform. Others are developing next-generation, blockchain-based gaming ecosystems that will enable casino operators to design and implement gambling applications with zero-house edge, close-to-zero transaction fees, and provably fair random numbers.



Developments in this space are likely to grow rapidly, with teams of developers introducing new opportunities for gambling utilizing blockchain technology.



Edgefund is one such concept; Edgefund will create a shared bankroll that will allow licensed games operators to build games on the Edgefund platform that offer very large payouts. Game operators will be able to provide fixed odds games at zero financial risk to themselves i.e. a guaranteed profit for game operators for every bet that they take. In order to do this, Edgefund will buy the risk from the game operators at the mathematically provable lowest possible cost that protects the EdgeFund centralized bankroll. This ensures that EdgeFund cannot be beaten by a competing smart contract and cannot be bankrupted itself by game operators.



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I am currently working on EdgeFund, an open-source platform which offers a decentralized shared bankroll on the Blockchain. To learn more about EdgeFund, please visit our website. Join our Telegram group to chat to the team and follow us on Twitter!

https://medium.com/edgefund/a-brief-history-of-gambling-a7f46dbf4403


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Online Gambling establishments can be wonderful fun as well as a significant source of income for the best online bettor. The issue is that numerous players are unaware of exactly how to play their finest when making use of the Net as a way of betting. Consequently, it is important to comprehend just what you are entering into when you make a decision to play online, and also just how you will certainly have the ability to make your method from newbie to pro when it involves playing casino poker and other games.

Lots of people do not recognize that the majority of on the internet gambling enterprises do not have actual cash video games available. The majority of the moment, these video games only feature ports or gambling games such as live roulette. When you go to a gambling establishment for the very first time, the ambience is exciting because you will probably get a "complimentary spin" at a table of among the slots.

Because no deposit bonuses are included in the table video game, your very first hand is going to be complimentary money. As you find out the guidelines of the video game, you may find that there are better tables to play on, but you do not intend to most likely to a location where you are going to spend every one of your money.

Most of on the internet gambling establishments include the benefit structure with the top place bet. What this suggests is that when you get your first table of two cards, you can pick among the cards to win and then the incentive game will certainly have increased the amount of cash you actually took into the top place video game. This is a great way to start, yet it is best to obtain some genuine cash to play with prior to you spend any one of your time online.

If you do not intend to need to place any type of real cash right into the top place video game, you require to keep your focus parallel. You require to be frequently thinking about making that next wager. After all, if you shed a great deal of cash while playing complimentary video games, the No Deposit Hero chances are that you will certainly continue to shed money up until you find out just how to manage the money you have.

One more point to keep in mind is that most of on-line gambling enterprises that provide you complimentary games are created to provide you simply a small percent of the money that they are willing to wager. Sometimes, you may be playing for cost-free and also you will find more info be informed to make that next bet. In order to make certain that you can take care of that next bet, you will need to stay on top of the game. To put it simply, you will require to be able to surrender your table or action cards or money in the "Free Money" area of your account.

When you hop on top player, you will certainly be able to optimize your jackpots. Keep in mind that if you wish to begin with a huge quantity of complimentary cash, you will certainly intend to dip into a site that has plenty of slots as well as various other games. If you only take part in just a couple of games, try these out you will not be able to build a structure that will certainly take you much.

The No Deposit Bonus offer is something that numerous on-line casino sites use to attract new players. This sort of benefit can accumulate quickly if you capitalize on it when you get going. It is an excellent idea to pay attention to just how much money is being supplied since you do not want to be over your restriction when the bonus offer duration begins.

There are a variety of manner ins which you can start on real cash. The most convenient way is to join an internet site that uses every little thing that you require. For example, you could start by participating in a poker video game.

If you are a beginner to online gambling establishments, you might want to take into consideration establishing an account with a bigger online casino site. With more area as well as a much more comfy ambience, you will certainly be able to get off to a much faster begin. Although the price of playing texas hold'em online will certainly be more than the others, you will be able to get the experience that you need to make the leap to the next degree.

Now, you might wish to take some time to discover the standard guidelines of the game and begin thinking about the variety of real cash games that you wish to play. If you are starting out with a small amount of cash money, you can consider signing up with a website that provides you 100 free rotates as well as utilizes the money you win on the games to put towards your account.


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