June 2020 – Kitty Feet

Strict Rules Must Be Followed By Bookmakers, Gambling Halls, And Casinos

Romanian gambling organizers must follow an important set of rules starting June 15, when they will reopen their doors for enthusiasts.

It’s been three months since our gambling industry is closed! As of March 17, 14,000 bookmakers, 15,000 casinos, and branches with “pecans”, but also 2,000 locations of the Romanian Lottery are with padlocks on the doors. That means 45,000 jobs in the air, with 90 percent of employees technically unemployed, but also huge damage to the state budget: 210 million euros for the three months of lockdown.

Even though there were discussions with Government officials and those of the Ministry of Finance for the restart of the gambling industry on May 18, this did not happen. And it won’t happen from June 1st either! But the members of the Executive give assurances that from June 15, in the third wave of relaxation, they will be able to resume their activity again.

Even if in the last three months we have focused on the online market, on games and other issues, in vain! It’s not the same thing. Traditional betting is a habit for gambling enthusiasts. There have been huge losses, but we hope to be able to get back on our feet once the street agencies reopen.

In order to receive customers again, strict rules will have to be followed, which will come into force from the moment they resume their activity. If for bookmakers and lottery agencies the rules to be followed are relatively easy to check, the situation changes when we talk about casinos.

But what are the rules that gambling agents must follow from June 15?

There are 20 rules that betting agencies must follow once they are reopened by the Romanian Government.

1. There shall be a disinfectant mat at the entrance to each agency

2. All those who will enter the agency must disinfect their hands, but also take their temperature

3. Access will only be allowed with a mask and it will not be taken down until you leave the location

4. The operating schedule will be shorter or the same, but with several laps, at least two

5. At the entrance to the shift, the temperature of all employees will be measured

6. There will be a maximum of two customers at the same time in the queue when depositing tickets

7. Obligation to indicate on the floor the social distance of 1.5 meters and pasting informative posters

8. Only one person will sit at the tables where customers complete their betting tickets

9. It is not allowed to park in the game room people who do not intend to bet/play

10. The time spent in the agency of a person will be a maximum of 5 minutes

11. Employees will wear masks and gloves throughout the program

12. Only employees can still use the water/coffee machines in the agency

13. Including in the space where the cashiers live, dividing windows will be installed

14. Air conditioning in betting rooms or casinos will not work at all

15. Agencies will be closed every 4 hours for total disinfection or stable and displayed intervals

16. There will be a dividing window between the gambling machines, the “pecans”

17. For agencies that do not install glass, only two out of three appliances will work

18. Only one customer will be allowed on each device, without another companion

19. The disinfecting gel will be available at each casino table, and the dealer will wear disposable gloves.

20. All chips will be disinfected before each game; there is a possibility that even the players wear gloves

With planned reopening and strict rules to be imposed, things wouldn’t be the same in casinos and other gaming centers. That’s why many enthusiasts said, they would rather play poker online while casinos are still in the heat of battling the risk of coronavirus.

The Finance Sector, An Arm Of The Gambling Industry

Jun 11, 2020Oliver SullivanFinance And Gambling

Von Hayek publicly stated that he made an effort to make economics more scientific in the sense assumed by the term. Like any industry, the financial industry also attempts to use a more favorable and accepted language to attract customers and to clothe the fact that the financial sector is just a part of the gambling and gaming industry. Replace betting vocabulary for financial terms and it becomes clear. If you look at it closely, most activities in the finance sector are actually bets as it is in the gambling sector. And for many centuries, the finance sector has been dissociating finance from gambling.

A touch of bluff and a dash of confidence

The finance sector and gambling are surprisingly the same in many ways. Both share the same skill sets too. Traders are defined by their skills, being cold towards risk, and having that quick decision even under mounts of pressure. Not to mention incredible discipline and a great memory. These are the same skill sets that define a successful poker player. Brandon Adams is a pro poker player and a professor at Harvard lecturing behavioral finance. He asserted that among the best traders are also professional poker players online.

Among the key points of gambling is bluffing and bullying. These are the topics of the latest study by Robert Shiller. He wrote in his book, Phishing for Phools, that you “cannot conquer the industry” by fighting that so long as there’s gain, sellers will methodically take advantage of our emotional flaws and our lack of knowledge by using tricks and lies.

At the core of any manipulation and deception is the role of confidence and the reliance on dangerous partners. Schiller recommends five crucial psychological elements in another book, Spirit of the Animals, the most crucial is confidence (or lack of confidence) in economics and personal economic status. The challenge is that while trust is important to heighten the billions of dollars required to advance the current industry, it is a valuable tool to deceive investors.

Financial advisors or in the gambling term “tipsters”- know that trust is the key to earning the trust of customers. Notice how many gambling websites such as http://216.83.47.125/ work on gaining the trust of their online visitors. Financial Advisors, Fund Managers, and Wealth Managers do the same thing. They understand and rely on our primary drive to trust one another and that includes trusting them.

When You are actually Trading and when You are Gambling?

Jun 6, 2020Loyd RebaUncategorized

Gambling like in 918kiss is described more of as staking something like cash on contingency. On the other hand, when trading is taken into consideration, gambling takes a whole different dynamic. There are actually a lot of traders who are gambling without actually knowing it. As we proceed on this short post, we will be looking at the untold methods to which gambling is creeping into trading practices and also, the stimulus that might be driving a person to trade and potentially, gamble in the first place.

Tendencies for Hidden Gambling

It is fairly common for a person to believe that they do not have any gambling tendencies and none of them will either admit happily to having them. Yet, uncovering the motives in every action we take helps us in changing the way we are making decisions now and tomorrow.

Social Proofing

There are some who might not even have interests in investing or trading in financial markets but, social pressures induce them to invest or trade anyway. This is more common when there are large group of people who are sharing the same opinion about investing in financial markets. People are feeling the pressure that they have to conform in their social circle, so they won’t be left out.

Making few trades to appease these social forces aren’t automatically considered gambling if people know what they’re doing. However, entering into the financial market and involving themselves in any financial transactions without having solid understanding of the investment they are making is considered gambling. These people are lacking of knowledge in an effort to exert control over their choices and probability.

When someone is involved in financial markets, there’s always a learning curve to be encountered which will be based on social proofing discussion. This may not or may be true as per the person themselves. How someone approaches the financial market determines whether he/she would be succeed in trading or stay to be a perpetual gambler.

Trading induced by Excitement

Even after losing a trade, it could stir a sense of satisfaction or power and strong emotions. This is true particularly when it is linked to social proofing. If everyone in the individual’s circle loses money in the financial market, then losing money on the trade will let that person be able to join the conversation and share their own inputs.

When someone is trading brought by social proofing reasons or excitement, it is very likely that they’re trading in gambling style instead of a tested and methodical way, which can be very dangerous in the long run.

Gambling Stocks – Opportunity or Risk?

Jun 3, 2020Oliver SullivanFinance And Gamblinggambling stocks, gambling stocks investment, online casinos

Courageous investors have been able to experience high profits with gambling stocks in recent years. These have recently entered a clear bull market and have risen to ever new highs. For many investors, the question now is whether it is worth entering this market and paying the currently high prices. We take a look at recent developments.

Young providers as an opportunity

Recently, a number of listed casinos and bookmakers impressed with double-digit returns that were discontinued within a few months. As a result, investors were keen to secure a portion of this cake. At the moment, new online casinos are repeatedly succeeding in gaining favor with the players and attracting a lot of attention. Most recently, this applied to the young Videoslots Casino, for example. The games in video slots in particular were able to quickly measure themselves against the offer of the established competition and thus develop their own strength. In the Asian gambling market, take a quick peek at bocoran sgp.

Most young online casinos, however, are subject to a larger association. It is therefore not possible to purchase your share directly on the stock exchange. In any case, only the international players succeed in fulfilling all the requirements for the IPO. However, due to the small market capitalization, they have so far not been able to move up to the very large indices and attract the interest of new investors there.

No long-term investment

In addition, investors should be aware that buying shares is not a long-term investment. For this reason, anyone who is interested in building a custody account for financial security in old age should opt for other values. On the one hand, the high volatility of the paper suggests that it is primarily short-term speculative gains that can be made there. On the other hand, only a few gambling AGs tend to reward their investors with a dividend. Those who hope to generate passive income in the long term will be able to achieve greater success in other industries.

In addition, the gambling market is constantly changing due to unclear legal regulations and frequent distortions. This makes it difficult to find a company that can stay at the top for years or even decades. With the purchase, there is always the risk that a paper will lose significant value and that the entire investment will ultimately be destroyed. For all these reasons, it is worth considering the purchase of the securities as a short-term matter that can be associated with significant fluctuations in value.

Opportunities in the ETF

Many opportunity-oriented ETFs that have set themselves the goal of strong growth are now also taking the stocks from the world of gambling into their ranks. Since there are many other values in the ETF, the price fluctuations balance each other out there. This is a good chance for investors to still be able to benefit from the growth of the industry, although the strong fluctuations in an individual security would not be acceptable to them. With low fees, many ETFs have another plus on their side.

Month: June 2020