Posts Tagged“gambling”

The practice of gambling has existed for millennia, all the way back to the ancient Chinese where evidence has been found of gambling taking place on a simple game of chance, casinos started opening up around the 17th century and through the ages it has always been a popular form of making and winning money. As the years have rolled on, more and games became available to gamblers and sports betters and when the internet age dawned, the industry was rocked to its foundations and completely revolutionized. Thanks to the internet, gambling is one of the World’s largest industries and here…

gambling-570701_640

The history of modern gaming can be traced back as far as the ancient Greeks, who used to play many dice games and others based on luck. Many famous Greek philosophers have written about the gambling pursuits people used to play at the time, and while some looked down upon the activity due to its addictive nature, it’s said that the Greek gods themselves liked to play – legend has it that Hades, Poseidon and Zeus split up the universe between them based on a throw of the dice. Ancient gambling games of Greece and Rome Probably the first game…

game-bank-1003151_1280

If you win $1,000 at gambling that means your profits will be $1,000 too, right? Well, not always, because it depends on which jurisdiction you are living in. Each country has its own rules and regulations regarding online gaming, and so you need to do your homework to find out which is the best country for you to play in. In many countries, gambling winnings are not considered to be income, which means that they’re not taxed. Unfortunately this also means your losses aren’t tax deductible, so if you lose, you lose big. Other country’s laws state that gambling can…