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Suppose someone challenges you to this game. Feeling confident about his judgment and ability to outguess you, he is willing to lay you $101 to $100 per play. We’ll assume you too feel your challenger has the best of it in terms of judgment. Nevertheless, by employing game theory, you can gladly accept the proposition […]

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This is optimum bluffing strategy — it makes no difference how your opponent plays. We can say, then, that if you come up with a bluffing strategy t

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Many players don't follow this precept, however obvious it may seem. They play as though they want to win the pot, an individual pot, at all costs. Th

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That system does not exist; not in any legal format, at least. But a few years back I suddenly found myself the target of people endeavouring to convi

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Game theory bears out these shifts in strategy. Notice that if you bluffed with five cards instead of six — that is, slightly less than optimally — you would win $300 more per 42 hands if your opponent called rather than folded every time. However, if you bluffed with seven cards instead of six, you would win $300 more if your opponent folded rather than called every time.   Here is where a player's judgment supersedes optimum game theory strategy: He would bluff a little less against opponents who call too much and a little more against opponents who fold too much. Good, intuitive players understand this concept. If they notice they have folded on the end a few hands in a row, they are ready to call next time. Otherwise players will start bluffing them. And they use similar considerations in deciding whether to bluff themselves. It is against such expert players, whose calling and folding are right on target, or whose judgment is as good as or better than yours, that game theory becomes the perfect tool.   When you use it, there is no way they can outplay you. You pick cards, of course, to randomize your bets. Without the random factor, the good opponents against whom you use game theory to bluff would quickly pick up your pattern and destroy you. The beautiful thing about game theory is that even if your opponent knows you are using it, there is nothing he can do about it.

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How to Start an Online Gambling Business

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Most professional players are aware of the power of correct bluffing strategy, so they often try to induce bluffs or stop bluffs. However, they sometimes forget an important principle: If you are trying to induce a player to bluff and that player bets, then you must call. This principle is obvious, yet many go against […]

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You Can’t Beat the House

Gambling is a great business or if not, a productive one. As per the American Gaming Association, the 464 commercial casinos across the United States in 2012 yielded 76.1 million patrons and delivered a grossed profit of 37.34 billion dollars. And every year, the gaming industry is bringing in more profits than theatrical movie industry and recorded music industry combined, 10.9 billion and 7 billion dollars combined. And even the combined revenue of the 4 major sports leagues in the US of 22.5 billion dollars is overshadowed by the earnings generated by commercial casinos.

Gambling Industry is Solid

This is why land-based casinos and online casinos like Judi Bola aren’t expected to close anytime soon. Instead, they are likely to keep growing. Gambling is such an awesome business that even though it has a negative connotation like increased unemployment, poverty, crime rates and decreased property value in neighborhoods nearby, several states are legalizing the operations of these businesses.

Gambling isn’t just common, it is widely accepted too. Even though there is an estimated 4% of the gambling population is representing problematic individuals and some even have pathological addiction, 85% of Americans do feel that gambling is totally acceptable or if not, at least for others in countries where there are over 20 states that legalizes some sort of commercial casino.

With this in mind, it enabled numerous casinos to bring in so much profit not just for their own business, but also, to the economy. Let us see how.

Your Loss is their Win

A rule of thumb, there is a tendency that we are repeating behavior that’s producing desirable results and avoiding those that are leading to loss. Yet when it comes to gambling, things fly differently. Players who loss are shooting after their losses and keep betting persistently regardless of how much return they can get, percentage of payback or lack of chances of winning.

This happens because the casino studies people’s psychology. Do you think that casinos just put on the lights in some areas, intentionally remove clocks and windows, add sound effects to their games and whatnot for nothing? Everything inside the casino is meticulously planned to make people keep on playing.

So Close!

Yet another example to how gamblers are misjudging the outcomes of their loss could be seen on how players are responding to their losses. Getting 2 out of 3 symbols needed to win in slot machine is an automatic loss but players oftentimes react to this as “near miss”. Thus, pushing them to increase their bets, stimulate excitement and ultimately, keep on playing.

How To Commence A Gambling Business Online

The growth of the Gambling industry online had been consistent throughout the years. Records show that there is a rise of more operators each year. This implies that there is more challenge in the effort to be on top of the industry.

How to Start an Online Gambling Business?

In order to get started in the gambling business online, there should be a good choice of iGaming software, a gambling license, as well as a trading account, and a server dedicated to the business. But there is more to this in order to make the business a huge success and of course to attract the right players.

1. Select a trusted provider of the iGaming software program. This is the most crucial decision to make because you will be working with your provider for a long time. Therefore it is necessary to check on your options when it comes to the quality of service and the cost it takes. Aim for a provider that generally meets the following requirements – a high-level gaming management system, payment choices that allow various currencies, huge betting markets coverage, use of a range of leading worldwide casino games, an easy to customize front end, gambling permit and support services.

2. Decide on what you want to offer on your gambling site for your visitors. You should decide if you only want to offer casino games, sports betting, or a live casino play. You will want to look at other gambling sites like bocoran hk to get a clear idea of what you want to offer in terms of gambling and entertainment.

3. You will need to obtain a gambling license within the targeted area of jurisdiction. While there are well-known gaming jurisdictions that offer licenses applicable to many countries, ultimately it is a local law that dominates and should be followed. You must, therefore, obtain a gambling license in the region (or country) in which you want to situate your business. It may take half a year to a year to complete the licensing procedure (it depends on the country you are applying at).

4. Work on the design of your website. What your website looks like is very important. That is why you have to choose a very attractive design or invest in your front end development. Don’t forget that your design makes the biggest difference between hundreds of similar websites.

After you have worked on all four steps, you can use a digital marketing specialist to help you get your website out there and to have better views and audience participation. A digital marketer can help boost your business with a reasonable fee.

Pokers Skills To Help You Be A Good Entrepreneur And Leader

play online poker at PokerPelangiSitus Judi Online, a trusted online qq oline gambling agent in Indonesia offers an extensive selection of the most popular online games utilizing dominoes and playing cards. With PokerPelangi, you are sure to safely enjoy a lot of these games as well as to make deposits and claim bonuses securely.

One of the major table games that PokerPelangi offers is Poker. It is a very interesting and engaging game especially when you have mastered the different skills needed to win.

Poker Skills Entrepreneurs and Business Owners Need

Poker isn’t just for entertainment as the skills you learn from it could actually be used to help entrepreneurs manage their business as well as to be a good leader. So what poker skills are we talking about exactly? Below are a few:

poker skills to learnRISK MANAGEMENT

Risk management is a significant aspect that poker and businesses share. In reality, regardless of the business you run, you could win some and lose some. So, poker players have to manage their risks throughout the game by deciding when to fold, call, or raise the bet.

Business owners and entrepreneurs need to have this skill as well. Not every move you make guarantees a win. Hence, effective entrepreneurs and leaders need to become skilled at managing risks accordingly, knowing when to call, fold, raise the gamble, to continue playing or when to stop. Furthermore, as an entrepreneur, you have to be ready to lose some to win more.

STRATEGIC PLANNING

Most types of poker, such as Texas hold ’em, need early planning. If poker players would want to win all the pot, they can’t simply wait and only start to strategize during their turn. Similarly, entrepreneurs need to carry out a great deal of careful planning to ensure the success of the business.   

Entrepreneurs and business owners have to plan strategically and advantageously to place themselves and their business in a position that would best give them an opportunity for success. Without a strategic planning, success will surely you flee from you.

important poker skillsCAPABILITY TO READ OTHERS

Poker players need to learn how to read their opponents to know whether they’re bluffing, have bad or good cards, and other things to figure out how you could turn the game to your favor. Business owners and entrepreneurs need to effectively interact with people to know what your clients/customers need or want as well as to effectively market their business or products.

EFFECTIVELY DEAL WITH PRESSURE

Experienced poker players know how to deal with pressure since pressure is one of the major hurdles to win. If you can’t handle pressure quite well, you are more likely to fold even if you have a good chance of winning.

With the intense competition in the modern business or corporate world today to stay ahead of their competition and meet consumer demands, business owners and entrepreneurs may feel high levels of pressure. If business owners and entrepreneurs can’t handle or manage this pressure, they may fold all too quickly without trying to get things done wasting an opportunity.

Playing Online Casino Games And Treating It As A Business

agen slot onlineThe popularity and prevalence of online games is rising on a daily basis. At this present time, many opt to play agen slot online as it is quite similar to actual slot machines where you play for real money. Difference is, you get to play them any time and any play as long as you have good internet connection and a compatible mobile device.

Agen slot online offers thousands of online slot games of all types with Free Games and/or Free Spins as well as online casino games so you have countless of options to choose from and more chances of winning.

Online casino games are continuously advancing. And with these advancements, you now play your choice of casino games in High Definition graphics and images with excellent sounds and music, smooth and easy navigation offering users better gameplay and enriched gaming and gambling experience.

Treat Playing Online Casino Games As A Business

playing online casino gamesPlaying online casino games isn’t simply for entertainment. It is, to some extent, a business as well since you not only play for money but also make sure your profits continuously grow. As you invest on it, you create a scheme on how to make that investment grow and not flush everything down the drain.

Continuously being profitable is as significant and crucial as hitting that biggest jackpot there is, so treat you online casino gaming as a business.  Below are a few tips to help you remain profitable as you play and work at winning big.

Have a Management Strategy of your Bankroll

So as to continue being profitable, players need to have a bankroll and strategy to manage this. Without such, it will be complicated to quantify your winnings as well as how profitable you really are. It is likewise trickier and challenging for risks to be managed when you don’t have a ready and effective bankroll management strategy.

Pick Your Games Intelligently

Yes, it is imperative to wisely choose the games you play. You have to realize that various casino games have different odds and house advantages with different rules and payout rates. Knowing these details will impact your overall profitability over time.

When you choose to play slots games, go for games that are within your means. By doing so, you could continuously set the highest bet amount and have a shot at winning big. This is similar to progressive slots wherein the only way you could win the biggest jackpot is to bet at maximum.

Master Your Games

Deciding on a casino game means gaining knowledge of the game and becoming skilled at it, this includes studying and practicing all the best and effective strategies. Mastering your online casino game would give a better edge and chances of winning.

Utilize Bonuses and Rewards to Your Advantage

The worst mistake is utilizing bonus bankrolls you gained from various special offers for you to play without heeding the strategies you have created. Gaining free bonus money doesn’t mean you could waste it on bad wagers and wrong games. Make use of these bonuses and rewards to win more and stay profitable.

 

The Amazing Benefits of Online Gambling

The rise of online gambling sites has given its players two valuable reasons to play it— they can play for free, and second, they can monetize their game.

Let’s talk about a few things about the land-based casino. It literally works differently than online casinos. You will no longer wait an hour or two for a vacant table. Bettings are made exactly as you enroll in a tournament. Lastly, it needs you to travel miles just to play a game with your friends.

Online casinos definitely work unlikely. You will no longer have the need to travel to play, as it will only require you to own a mobile and an internet connection. Downtime is not a thing because as quick as 1 or 2 minutes you can eventually play a game.

1 It is for real

It is not a game of fantasy or game vs computer. It is for real, with real live players and opponents and real cash prizes. It is not actually an underestimation for land-based casinos. But what actually happens in an online casino is far more advanced and real than land-based.

2 It offers convenience

This is the most obvious reason for online gambling. It is convenient. You would no longer be required to go places to play. You just have to make sure you have an internet connection with you. 

You can play at home in your bedroom, or at your workplace during free time. Or in the mall, in the park or while traveling. Basically, you can play it anywhere, anytime, wherever and whenever.

3 There are free casino games

This is something that is not offered on land-based casinos. Online casinos offer free games and bonuses that can let you win huge jackpots and bonuses. Unlike on land-based casinos, they rarely offer free games to play, you will have to pay for your game and try to win to make sure you will go home with winnings and cash.

4 Variety of games selection

Online casinos offer you a variety of games selection. Those can be either famous games from Las Vegas casinos, or from Indonesia or from free cash casino Malaysia. It is basically the closest thing you can find to playing all the games you like without the expense of having to travel from one country to another. 

 

3 Giants in Credit/Debit Cards Transactions for Online Casinos

If after everything else you are still reluctant of transferring funds over the web, then you should not worry as there are secure options offered today. In reality, you may opt to put cash in your online account by simply paying a visit to the bank and ask the clerk if they can transfer it for you.

There are other options for making offline transfers such bank drafts, checks and bank wires. Then again, MoneyGram and Western Union are created for those who feel more at ease in making transfers using this method. Even though the process is somehow more time consuming, the only thing that must be done is to provide your information to the bank clerk and then, wait for the money to appear in your casino account.

Credit/Debit Cards Guaranteed to Provide Hassle Free Online Transfers

Then again, if you have trust of doing online transfers using credit or debit cards, the following entities would not let you down.

Number 1. Visa

Visa managed to keep its status for being the most successful and at the same time, biggest payment method network worldwide. Among the benefits of utilizing Visa is the fact that it is accepted at virtually any online casino.

In hindsight, your visa card would almost not be declined when making a transfer. Unless of course the country where you are playing from restricts online casinos. If it’s fine with you using your credit cards, then your Visa card may be your preferred card when making either withdrawal or deposit from the online casino such as Judi Bola.

Number 2. MasterCard

Clearly, MasterCard emerged as Visa’s one of the biggest competitors in credit card industry. Their payment method is also accepted widely in various online casino sites and kept growing as one of the reliable and dependable option.

If you wish to continue using your MasterCard in transferring funds to and from your chosen casino site, it is strongly recommended to take time reading reviews for MasterCard transactions.

Number 3. AMEX

Being a first-class credit card, AMEX for the long time kept its standard as a highly respected online payment method. On the other hand, at its current status, AMEX is only offered at few casinos online. This is because of the reason that there’s strict legislation about gambling in the US.

Prior to pushing to a transaction, it is wise to read reviews on the process so you can avert potential problems and have a smooth transaction.

How to Select Online Casinos Properly?

When someone is deciding which online casino to play at, they are not relying on the casino name itself rather, on the software that backs up and powering up its games. People these days are smarter and wiser when it comes to online casino gaming. And as for any newcomer in the industry, it is imperative to always check for trusted and established names. Just as with https://tuanpoker.vip/, you can be certain that the software powering it up is truly reliable.

Trusted Software Names to Look for

When you are in search for awesome games, it is necessary to opt for software name that is popular and has a reputation for being good. This is the reason why interested individuals should base their decision on the software. In fact, there are already a number of respected names in the industry including but not limited to:

  • Microgaming
  • PlayTech and;
  • RTG

These software developer companies have been in the game for a long time in creating sophisticated software programs that eliminates compromise to gaming experience down to zero.

Your Best Decision Ever

As what mentioned earlier, it is better to choose casinos based on the software backing them up rather than their fancy names. Through this, it can ensure that players can get optimal experience while playing in online casinos.

Despite the fact that casinos may be claiming to have the best and biggest player bonuses and payouts, it is necessary to be mindful of the software being used. This can help anyone who wants to play in online casino to expand their knowledge whether to play at a certain casino site or not.

Going with one that has well-known software is key in playing and enjoying casino games in a safe and secure manner. The aforementioned software companies have repeatedly bested others. So as long as the casino site you are playing is supported by these software companies, you are in good hands. These places are using anything but the top security measures. So rest assure that your private as well as sensitive information is held strictly confidential.

Play to be Rewarded

Apart from getting access to some of the top games in an online casino, players who opted to play in a casino backed by reliable software can reap the benefits of outstanding bonus programs. So aside from enjoying the online casino experience, players can be rewarded for the overall experience as well.

The Market Of Sports Betting

By this time, many are aware that one could start a business even without needing to own a physical commercial or office space as well as pay for print advertising, wherein both could be costly.

Businesses that center on providing services are a great match for the online market, even allowing small businesses to flourish with a fairly low initial capital because of technology in this day and age. The question is, which industry or niche must you try to embark on.

For instance, slot Joker123 is the quickest growing platform of online casino games in Asia. Many sign up to this site since it has an exceptional probability wherein most players could get a winning rate that’s decent enough than other games.

The Market of Sports Betting

This is one online business to consider venturing into especially if you are zealous about gambling. Online gambling is one of the swiftest growing markets around the world, and by 2024 is projected to reach about $96.89 billion, meaning the market is expected to get bigger at a CAGR of 10.8%. These figures were established on conditions of the market from 2016, with the supreme court recently deciding on lifting the federal ban on sports betting effectively. In the years to come, these growth predictions will undeniably rise, making this the perfect time to get dive into the action.

Starting A Sports Betting Business

One of the most lucrative business in the industry of gambling that you may want to consider is sports betting. As mentioned, the industry of sports betting is one of the most gainful niches. It is projected that in the following years, no less than 32 states in the US will have passed legislation allowing or legalizing sports betting. As soon as the rest of the states would realize how much profits the industry could generate, they will surely trail along.

However, states may regulate the number of sports gambling businesses to be permitted to operate. This denotes that only businesses or companies with plenty of experience as well as abundant resources to follow the regulations and guidelines of the legislation will be permitted to take part in the market. But this may take effect for around 5 years, which gives you sufficient time to establish yourself if you decide on embarking on the industry.

Do bear in mind that establishing an online business on sports betting on your own could be challenging, taxing, risky as well as particularly costly. But, if you truly want to have a piece of the action, the smartest way is to partner with a pay per head (PPH) company. A PPH company offers sports betting services which includes software, servers, as well as databases, for betting, not to mention betting odds.

Why is it Impossible to Beat the House?

On the subject of gambling, one thing’s for sure and that is, no one should leave it by chance. Because at the end of the day, the House Always Wins! Bear in mind that casino like pkvgames is a form of business and not a charity that gives money away. And similar to all other businesses, its model is prepared in a way that it will generate profit, not lose money.

So much so that there are plenty of benefits instilled in a casino that it increases its edge towards players. Few of the benefits are discussed below:

  • House Edge or a representation of the average gross profit of what the casino is expecting on a certain game.
  • The longer a person plays, the higher the stakes of losing in the casino.
  • There’s varying house edge for every casino game on the floor with Keno being the highest and Blackjack having the lowest probability.

What’s House Edge?

Regardless of the game that you chose to play, the probabilities of the casino site or establishment to win your money is always greater than the odds of players beating the casino. This is mainly because of the reason that casino games are made in a way that it will generate an edge for the casino and thus, slims out the chance of players to win.

To give you an example, in the game of Roulette, biggest payout for a single bet is 36 to 1. On the other hand, roulette wheels besides having 36 numbers have “0” and at times, “00” too. This pushes the actual odds of the game to become 37 or 38 to 1 and not what the casino want you to believe of “36 to 1”.

Extra House Edge

While the “house edge” seems to be over the top, let me tell you that there’s also this “Extra House Edge” that pushes the casino’s boundary. What this means is, the longer a person plays, the higher the odds of play will be equal with house edge. On short-term games, it may be that the player beats the casino but in the long run, the house will recover and beat players.

With this thing in mind, casinos are doing everything they can to keep people playing on their floor. Casinos are notorious for having no windows and clocks. It is not because they can’t afford it but because it’s a strategic move to keep players on their floor and play.

Online Gambling: A Profitable Game

Since the rise of online casinos and online gambling, a lot of players have been taking advantage of playing it and making it a profitable game.

There have been a lot of people who testify to this new digital era that, indeed, online gambling can be beneficial to a lot of users. However, for you to get profitable online you must also risk your money— because the key to making more money is to invest money and bet in your luck.

Which typically does not really come easy at all, especially if you are competing with real players online from all over the world.

It’s Going to Luck Vs Skills

This is one thing you should put in mind, the way to winning good cash prices in a gambling game is not through luck— it should always be on skills.

The key to striking a win in online casinos must be based on how you play the game, on your skills. However, there are other casinos in which games are luck-based games. Luck based games are games where the house has the edge. This simply means that there is no other way to or secret formula to the game aside from cheating to win.

Games to Play

There are tons of games to play with on gambling games online. But you have to be very keen on choosing one.

Moreover, before starting or enrolling to the skill-based game, or a tournament game you should first take note of a very few easy games as starters. These are:

  • Poker,
  • Yahtzee,
  • Chess,
  • Backgammon,
  • Rummy,
  • Tonk, and
  • Spades.

Macau Casinos Lose 88% Due To Coronavirus

The economic consequences of the worldwide spread of the COVID-19 virus are slowly becoming apparent. Many factories in Europe and the United States can no longer meet their production standards because their Chinese suppliers have shut down. Tourism to contaminated areas has been temporarily shut down and entire local economies are shutting down.

The casino industry also suffers from the Corona virus

Macau, the Chinese gambling city with the most money being converted around the world, had to take very stringent measures in February to curb the outbreak of the virus. These measures resulted in a 87.8% decrease in gambling revenue. At land based casinos, gambling revenue consists of all bets minus payouts. In other words: that what remains in the casinos gross below the line. By February 2020, Macau sales had fallen to $ 386 million from $ 3.14 billion in the same month of 2019, when it was still operating normally. It’s not a typo: in a normal month, over $ 3 billion in casinos are lost in Macau.

What measures have been taken in Macau because of the Corona virus?

No half measures have been taken in Macau to prevent further spread of the Corona virus. The main measure was to close all Macau casinos for 15 full days, starting February 5. Although Macau was much quieter than usual at the end of January due to all the tourist restrictions, in February the always bustling city turned into a real ghost town.

And then, like The Venetian Macau, you can still be the largest casino in the world , if the doors close, the tables will also remain empty. And then not a single Macau pataca is lost at the baccarat and Sic Bo table.

On February 20, most Macau casinos reopened, albeit under strict security measures:

  • At the gaming tables, there must always be at least one space available between players
  • There must always be at least one empty slot machine between two occupied slot machines
  • Standing bets are no longer allowed, sitting is compulsory
  • All players, dealers and other casino personnel are required to wear a facemask

What are the long-term consequences of the Corona crisis for Macau?

Not only gambling sales fell by 88%, the restaurants, rooms, shops and bars also closed. The financial impact on the results of Macau casinos will therefore extend far beyond just the loss in gambling winnings. All staff had to continue to be paid during the closure, which costs a casino millions of dollars per day.

Opt to play on online gambling (http://dewapokeronline.co/) in this time of health crisis. Entertainment is still accessible, all you will actually need is a computer, an internet connection, and an account.

It is already certain that the year 2020 will be disastrous. The Corona virus effect will certainly continue for a few more months and before visitor numbers and spending patterns are at the old level, you may be a year further. Stock prices of Macau casinos may fall very sharply. The real question would be how hard will the fall be?

 

Gambling As A Business Can Lead To Loss Of Control And Profits

Gambling is a billion-dollar business for providers. A large part of this business are coming from non-regulated areas. The players bear the risk.

According to the Federal Center for Health Education (BZgA), lying about gambling is a hallmark for gambling addicts – playing with ever-increasing stakes and criminal fundraising is another. According to estimates, there are 200,000 pathological gamblers in Germany, says Tilman Becker, head of the gambling research center at the University of Hohenheim. There would also be around 300,000 problematic players.

The majority of these pathological and problematic players gamble on machines. For almost 77 percent of the players who go to outpatient counseling or treatment centers, this is the main form of gambling. This emerges from the Addiction Help Statistics 2017 of the Institute for Therapy Research.

Factual tolerance of illegal games

Online casinos and online poker are part of the non-regulated gaming market – they are illegal in many countries such as Germany and Indonesia. But even if these games are not legal, many players still find a way to have access to these sites like live casino in Indonesia (https://dewa303.id/sbobet-taruhan-judi-bola-dan-live-casino-online/). In Germany, this black market includes gambling offers that do not have a German license but do have one from another EU member state. Much of it is actually tolerated.

The unregulated market is booming

Of the approximately 14.2 billion euros in revenue generated by gaming providers in Germany in 2017, 22 percent were generated in the non-regulated area, which also includes online sports betting. The figures come from the annual report of the federal state gaming regulators. While the regulated market grew by only 1 percent compared to the previous year (EUR 157 million), the non-regulated market grew by 24 percent (EUR 626 million).

The federal states are currently debating a reform of the State Treaty on Gambling. An opening of the sports betting market is planned. However, online gambling is said to remain prohibited.

Gambling researcher Becker calls for more control and regulation from a cross-border authority. Above all, player protection must continue to be promoted: “Experts agree that a lock file is a very important preventive measure for gambling addiction.” So far there is a locking system for all arcades only in Hessen. The lock can be applied for by the players themselves, relatives or the operators.

Georg Stecker, the spokesman for the board of the German Automata Industry (DAW), advocates a nationwide biometric access system. “We don’t want to make money from addicts.” The association refers to trained personnel in the arcades – only in a legal framework could players play protected.

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What Every Player Needs to Know about Slot Machine