Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Gambling thus requires three elements be present: consideration, chance and prize. That’s the basic definition. It applies to gambling literally but more importantly it can be seen as a beautiful metaphor of life events that require or allow taking risks… gambling. Traveling too can be a gambling-like activity – three elements: consideration, chance and prize are there and those who know how to do it right always win. This deck is about gambling literally – the facts, the stats and the trivia. We don’t encourage gambling in anyway but we always encourage taking chances traveling and learning more. Enjoy!
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21 Facts About Gambling and Casinos
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INTERESTING FACTS ABOUT
GAMBLING
that don’t necessarily help you win but guarantee you’ll be a small talk star
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2. 21 interesting facts about gambling
Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event
with an uncertain outcome with the primary intent of winning additional money and/or material goods.
Gambling thus requires three elements be present: consideration, chance and prize. That’s the basic
definition. It applies to gambling literally but more importantly it can be seen as a beautiful metaphor of life
events that require or allow taking risks… gambling. Traveling too can be a gambling-like activity – three
elements: consideration, chance and prize are there and those who know how to do it right always win. This
deck is about gambling literally – the facts, the stats and the trivia. We don’t encourage gambling in anyway
but we always encourage taking chances traveling and learning more. Enjoy!
!
Travel World Passport Team
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3. #1
Though gambling has been around for centuries, the first
documented gambling activities date back to China in 2300
BC. The word ‘casino’ is derived from the Italian equivalent of
“little house”, which means that the first buildings to be
called casinos originated on the coasts of the Mediterranean.
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4. #2
There are no clocks in Las Vegas gambling casinos.
It increases the sense of freedom, a disconnect from
reality and thus, increases the dollars spent
gambling.
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5. #3
The global gambling market is estimated at around 321 billion euros
(gross win). Casinos make up about one third of the total market,
lotteries account for another 30 percent of the industry revenue.
Gaming machines (20%), betting (13%) and bingo/other gaming (4%)
make up the rest of the market.
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6. #4
Estimates of the number of people who gamble socially
qualify for being diagnosed with a gambling addiction
range from 2%-5%, thereby affecting millions of people in
the United States alone.
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7. #5
Although more men than women are thought to suffer
from pathological gambling, women are developing this
disorder at higher rates, now making up as much as 25%
of individuals with pathological gambling.
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8. #6
Men lose £ 3,709.44 a year gambling, which is about three pints of lager
a day. Women lose £ 2,659.92 a year gambling, which would get them 10
pairs of Jimmy Choo shoes. At the same time, women appear to be more
conservative about how much money they bet. On average, a single
deposit by a female player totals £67, while for men it’s a more careless
£94.
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9. #7
One of the biggest historical gambling losses is
probably that of Henry VIII. After losing in a game of
dice, the King of England had to forfeit the bells of
St. Paul.
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10. #8
A record 29.6 million travelers visited Las Vegas in 1996. A nationwide
survey by the U.S. Travel Industry Association found that 38% of all
U.S. residents have been to Las Vegas in their lifetime. The average
length of visitors' stay in Las Vegas was almost 4 days (3.7). 87% of all
people who visited Las Vegas in 1996 gambled.
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11. #9
The largest percentage of visitors to Las Vegas were in the
age group of 65 and older (22%). 35% of the 1996 Las
Vegas visitors had earned a high school diploma. 26% of
the 1996 visitors graduated from college.
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12. #10
Gambling generates more revenue than
movies, spectator sports, theme parks,
cruise ships and recorded music
combined.
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13. #11
Casinos are designed to be like mazes so you can't
find your way out. There are also no windows, so
people don't know if it's day or night outside. They
also give free alcohol to the gamblers so they
continue to gamble.
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14. #12
If you are a regular visitor to Las Vegas, you may have
wondered about the first casino constructed in the city. Sadly,
Sin City has been through so many changes that the first
casino may have been demolished many decades ago.
However, the oldest casino still standing is the Golden Gate
Casino.
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15. #13
Dead Man’s Hand is a term that describes a poker hand set
containing two black aces and two black eights. However, if you
ever wondered where this term originated from, prepare to be
amazed. According to lore, this is the hand Wild Bill Hickok held
when he was shot (not something you have to worry about in a
casino these days).
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16. #14
Approximately 70 million decks of cards are sold in the
U.S. annually. However, credit for their invention goes to
the French. The suits were created to represent the four
classes of the French society: spades for noblemen, hearts
for the clergy, diamonds for traders, and clubs for
commoners.
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17. #15
Roulette is known as the Devil’s Wheel
because its numbers add to 666, which,
as you know, is the sign of the devil.
Scary, isn’t it?
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18. #16
The casino game of poker was invented in Europe around the 15th
century. The Germans believe it originated from their Pochspiel game
whereas the French link it to their Poque. Poker reached American
shores via an English actor named Joseph Crowell at the beginning of
the 19th century. However, rather than being played in casinos, it was
used to help the troops relax during the U.S. Civil War.
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19. #17
Casino chips weigh between 9 and 11.5
grams. However, authentic chips weigh
exactly 10 grams while cheaper variations
weight either more or less.
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20. #18
Poker is the main reason behind the invention of the
sandwich. The Earl of Sandwich was too engrossed in
playing poker that he hated getting up from the table to
eat. So, he came up with a time-saving idea: a slice of
meat between two slices of bread. The rest is history.
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21. #19
The Asia / Middle East region is the biggest
market in the world with around 32 percent
of the global gross win. North America’s
share is at around 28 percent.
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22. #20
Aristotle may have been known for his
contributions to physics and philosophy, but
would you believe that he also did extensive
research on how to cheat at dice games?
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23. #21
Of people who gambled in Vegas, the
average gambling budget for the trip was
$580.90., On average, those gamblers
gamble 4 hours per day.
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