How Blockchain Is Transforming The Online Gaming World

Blockchain and the Impact on Transforming The Online Gaming World

Blockchain technology has certainly taken over every domain of digital transactions. It has revolutionised the world of cryptocurrencies and has given everyone around the world a new platform to do online transactions. The Blockchain technology has definitely exceeded expectations and has reached new heights year in and year out; the tech has even lengthened its reach and can even be found in the online gaming world. In fact, it has made quite an impact in gaming and it should be very interesting to see how Blockchain will revolutionise the gaming space.

Private, Legal, Low Cost and fairly accessible Option

Cryptocurrencies have managed to find their way into the casino industry and in doing so its expanded its status. An increasing number of online casinos have introduced cryptocurrencies as a main payment or as a substitute payment method. The great thing is that these forms of payment are safe, accessible and well documented which further strengthens the reputation of cryptocurrencies. With the use of cryptocurrencies these gaming companies allow their members to remain anonymous and give them a piece of mind knowing that it is extremely safe. Cryptocurrencies also make it easier because gamers and gamblers don’t run into any difficulties with regards to financial documents or setting up an account.

Reduces Fraud and Loss of Revenue

Fraud and a loss of revenue is relatively widespread on the internet and this is really unfortunate. Studies have confirmed there were approximately two million online fraud incidents reported in 2017, with the general belief being this number is only the tip of the iceberg. Blockchain technology has ensured the extermination of fraud and revenue loss which will save the online casino industry billions every year.

Developers are creating Blockchain driven games

Blockchain has created many games but it has taken their technology to a new extreme. Developers have created Decentraland which is a virtual reality platform which is powered by Ethereum Blockchain. Decentraland allows people to own different pieces of land which you are free to do whatever you want to with. With this so called ‘digital real estate” players are able to access an entire new platform that has businesses, services and social activities.

Ensures more equality in the online gaming industry

Most players have the idea that the house always wins but that is no longer the case thanks to Blockchain. The majority of gamblers have accepted the fact that they would most likely lose more often than not, but Blockchain has created equality in games. Smart contracts, cryptography and Blockchain technology have all worked together to develop a system which has ensure that there is equality in any games that contain their technology.

Therefore, it is clear that the Blockchain technology has had a significant effect on the online gaming industry. Blockchain technology has given this industry room to flourish and has also made the online gaming industry a much safer environment to get involved in. This technology has also improved payments, betting and encouraged the creation of new types of games.

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Record Rise in Online Gambling in China

 

For Mr. Li, the penalty kick taken by Cristiano Ronaldo in the Euro 2016 groups match between Austria and Portugal was a huge moment. He could barely watch is since he has placed a bet on Portugal to win. Ronaldo hit the post and the game ended in a draw, leaving Li frustrated for losing his money. He had placed his bet using the WeChat app by Tencent Holdings Ltd.

This is a good example of the rising interest in the world soccer, and this has also increased the cases of illegal online gambling. This has seen the police crack the whip on betting rings and other gambling companies like Alibaba Group Holding Ltd and Tencent. Most of the internet gambling in China is illegal.

 

Chinese Tycoon Acquires English Soccer Club

Li placed his bet through the WeChat app, where most of the gamblers are friends. When you win, the prize money is shared through various channels like Alipay, WeChat, bank transfer or the red packets, which are envelopes that are loaded with cash.

The police record shows that there has been an upwelling in online gambling activity, which is illegal, especially due to the upcoming UEFA Football Championship in Paris. The Public Security Ministry has confirmed that across the four provinces, it has apprehended 236 people for illegal online gambling on UEFA games. To this effect, Tencent and Alibaba have set up anti-gambling systems.

According to Miranda Shek, a spokeswoman of Ant Financial said that they have been conducting serious checks and if any suspicious account is discovered, it will be frozen right away. Tencent has also confirmed that it is keeping a keen eye on any illegal gambling activities.

One of the reasons that have triggered the surge in soccer gambling is the soccer investment by the Chinese companies in overseas clubs. There has been an increase in the number of soccer stars who are moving to China. An assistant professor, Hu Naijun, from the University of Science and technology in Beijing, said that besides the European Cup, the soccer market in China has developed significantly. This has increased the interests in betting.

 

 

Reaching for the Gold

Mr. Bao is an organizer of a gambling group, and he confirmed that there is a jackpot of 5 million Yuan. This is causing millions of people to bet, hoping to win the cash prize. He said that this has become a lucrative business and for the final, they may even spend a week in the presidential suite in Hong King or Macau.

As for Li, he says that his money is, still, on Portugal, who has qualified for the Euro 2016 semifinals. He says he watches the game being nervous at every chance. When Cristiano missed the penalty, he almost fainted.

 

 

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Trading vs. Gambling – Wall Street

Usually when you mention trading and gambling in the same sentence to traders, they will scrunch up their nose and tell you outright that the two have nothing in common. How could they? However, that doesn’t mean that you should take their word for granted. While it may be a bit difficult to admit that there are, in fact, certain similarities between currency trading and gambling, rest assured they exist nonetheless. Let’s explore what makes them similar, shall we?

The Gambling Odds and Trading

One word can connect the two immediately – odds. When you’re in any type of trading business, you have to deal with odds. As for gambling, well, you pretty much look at your odds no matter which casino games you partake in, that much is obvious.

Now onto the connection. Let’s take for example the emerging markets from a few years back which allowed you to buy stronger currencies, like the British Pound or Euro. Now, the odds weren’t guaranteed and, while the circumstances seemed favourable, you still had to do a bit of – what? – gambling. Well, what do you know?

What’s in the Name?

Now, here’s another link you can make – through language itself. Namely, if you open a dictionary to check the definition of the word ‘to gamble’, here’s what you might find:

  • To risk losing money in a game of chance.
  • To bet on an uncertain outcome.
  • To take a risky action in the hope of achieving something.

Even a total layman will notice that there is a recurrent theme among the definitions. “Risk”, “uncertain”, “losing”. Now, all of those boil down to something traders have definitely come across and thought about before – the risk of losing their money at some point. Unfortunately, that’s something you need to be prepared from the moment you venture into the trading business.

So, why are currency traders so quick to deny there’s any type of link between trading and gambling? Well, they don’t want you to feel uncertain, do they? They want to sell you your product and, by convincing you their strategy is 100% foolproof, they might just do that. They don’t want you to worry your head about negative words like ‘losing’ and ‘risk’.

Businesses Are a Risk

Whether we like it or not, every business is a risk to a certain degree – especially at the very beginning. AskGamblers, one of the most popular affiliate websites in the iGaming industry, was seen as one back in the day, too.

Here’s what general manager at AskGamblers had to say about risk taking: “While risks can be frightening, they often need to be taken, especially when you’re starting out with a new business or project. However, if you manage to calculate the risks and stay on the right course, the rewards you’ll end up reaping are unspeakably high and worthwhile. It takes guts, but that isn’t really any different than any other aspect of life, is it?“

May the Odds Be Ever in Your Favour

Ultimately, despite huge risks that need to be taken daily, new traders need to learn to stack their odds in their favour. Perhaps they can take a page from the casino bosses’ book. What experienced casino owners know is that they will at some point lose some of their money to a number of players and, more importantly, they’re prepared to; that’s the price they agreed to pay the second they began running their business.

Another thing veteran casino proprietors know is that those losses aren’t the end. As they have odds stacked in their favour, they know that by the end of the year they’ll still turn a profit.

What else can we say, in the end, but – may the odds be ever in your favour, whether you’re a trader or a gambler. And, you know what they say? They should, if you learn to stack them.

[fts_twitter twitter_name=@wallstreetcom tweets_count=3 cover_photo=no stats_bar=no show_retweets=yes show_replies=yes]

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The Future of the Mobile App and You

One of the fastest growing industries of recent times is undoubtedly the app industry. Whether it’s helping us communicate with greater ease, play online games with added convenience, or even shop for the latest products with increased choice, there have been few more impressive start-ups in recent years than in the app domain.

Certain Development Trends

However, despite some impressive independent releases, it’s become clear that there are certain developing trends that have sidelined the ability of new developers to increase their position in the rankings of various app stores.

In particular, it’s the growing role of television advertising that’s becoming critical to the success of a mobile app. A recent VAB study found that there is a 77% correlation between commercials and traffic for mobile apps, and as mainstream exposure is incredibly important for any fledgling developer, it’s become clear how important a large marketing budget has become for any new release.

What’s New In Gaming

The gaming world is one of the most lucrative mobile app areas, and already there’s been a string of high-profile releases like Mobile Strike that have used glossy television advertising campaigns and celebrities to ensure that their strategic action game is kept high in the app store rankings.Such moves go in the face of independent success stories like Angry Birds that momentarily gave many fledgling companies hope that they could achieve overnight success thanks to the instant global accessibility of their gaming app products.

Mobile Platforms

Another increasingly important factor is how apps integrate into different mobile platforms. For example, there is still an ongoing spat between Snapchat and Microsoft that has meant that this popular messaging app is unavailable for Windows Phone users.

Whereas other developers such as mrsmithcasino.co.uk have ensured that their mobile-friendly games of roulette, poker and slots are able to be played across a range of platforms and it’s this cross-platform appeal that’s becoming integral to any mobile app project.

But in the face of these impressive developments, there have been many who have stated that we could soon be entering the post-app era.Alongside reports that mobile app usage is down on a global level, there’s the fact that people commonly abandon their recently downloaded app after just one use that not only raises concerns that app development could be an unsustainable business model, but also that it’s becoming increasingly difficult for smaller developers to get a toehold in this increasingly competitive domain.

Businessman pressing colorful mobile app icons with bokeh background

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How Online Casinos are Changing the Gambling Industry

 

When it comes to the gambling industry, there’s no denying that things have been changing over the past decade or so. Online gambling – in particular online casinos – are becoming more and more popular all over the world and, as can be expected, this is having an effect on land-based casinos and the gambling industry as a whole. For those of us who are new to gambling and casinos, guides like Ladbrokes’ Clueless in the Casino can help us understand what we’re getting into. But with online casinos becoming more widely available, will we always need these kinds of guides?

Accessible

For years, casinos and gambling seemed to be a glamorous activity only for those of higher classes. However, over the years, land-based casinos have become more and more accessible for anyone. Online casinos are an example of this. Accessibility in the gambling industry had been on the rise, but online casinos make gambling more available to the masses than it has before. At the touch of a button, anyone can have access to any number of online games and live tables without needing to pay for expensive memberships at high end casinos or adhere to a dress code – you could play a game of blackjack in your pyjamas!

Attendance is up

Because of the accessibility that online casinos provide, attendance as a whole is on the rise, but not just online. While there are more and more people becoming involved in live tables and online slots, worldwide people have been attending land based casinos more often too. The advertisement for the gambling industry that online casinos offer can bring in people who might not otherwise have been interested in gambling. Improved acceptance for gambling as an industry and as a form of entertainment mean that more and more people are starting to get involved, whether that’s at an online casino, or in a land-based casino. With increased attendance comes increased revenue which in turn helps to expand and grow the industry. Gambling is becoming extremely profitable for those invested in it in one way or the other, and this can be put down at least partially to online casinos and their ease of access.

ECommerce

Ecommerce and cryptocurrencies in particular are adding a new level of security and mobility to gambling online. The use of online payment methods, whether in fiat currencies or online cryptocurrencies or even through the use of card and contactless payments in a land-based casino itself all make for more secure and convenient payments. There is no need to pay in cash and risk losses or robberies when carrying around the cash, and withdrawing your winnings from an online casino has never been easier. Each online casino has a wealth of online payment services, so you can choose which ones fit you and your preferences more than others. Ecommerce is a growing industry in itself, and the cross over with online casinos is only improving the gambling industry for those that are a part of it.

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The Future of the Mobile App

One of the fastest growing industries of recent times is undoubtedly the app industry. Whether it’s helping us communicate with greater ease, play online games with added convenience, or even shop for the latest products with increased choice, there have been few more impressive start-ups in recent years than in the app domain.

Certain Development Trends

However, despite some impressive independent releases, it’s become clear that there are certain developing trends that have sidelined the ability of new developers to increase their position in the rankings of various app stores.

In particular, it’s the growing role of television advertising that’s becoming critical to the success of a mobile app. A recent VAB study found that there is a 77% correlation between commercials and traffic for mobile apps, and as mainstream exposure is incredibly important for any fledgling developer, it’s become clear how important a large marketing budget has become for any new release.

What’s New In Gaming

The gaming world is one of the most lucrative mobile app areas, and already there’s been a string of high-profile releases like Mobile Strike that have used glossy television advertising campaigns and celebrities to ensure that their strategic action game is kept high in the app store rankings.Such moves go in the face of independent success stories like Angry Birds that momentarily gave many fledgling companies hope that they could achieve overnight success thanks to the instant global accessibility of their gaming app products.

Mobile Platforms

Another increasingly important factor is how apps integrate into different mobile platforms. For example, there is still an ongoing spat between Snapchat and Microsoft that has meant that this popular messaging app is unavailable for Windows Phone users.

Whereas other developers such as mrsmithcasino.co.uk have ensured that their mobile-friendly games of roulette, poker and slots are able to be played across a range of platforms and it’s this cross-platform appeal that’s becoming integral to any mobile app project.

But in the face of these impressive developments, there have been many who have stated that we could soon be entering the post-app era.Alongside reports that mobile app usage is down on a global level, there’s the fact that people commonly abandon their recently downloaded app after just one use that not only raises concerns that app development could be an unsustainable business model, but also that it’s becoming increasingly difficult for smaller developers to get a toehold in this increasingly competitive domain.

Businessman pressing colorful mobile app icons with bokeh background

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The Structure and Patterns of Horse Racing The Beginner’s Guide

 

 

 

Many people love to watch horse racing, and it is, of course, one of the ancient animal sporting events that still exists with the same enthusiasm. Whether you just love to watch horse races out of interest or being passionate about going place to watch racing, it is essential to understand the racing structure. Here, let’s explore the basic structure of this sport.

When you are down to it, there are four major categories of races to explore as:
  1. Maiden Races
  2. Claiming Races
  3. Allowance races
  4. Stakes races.

There are various other subsidiaries of these four classes too, but to serve the purpose of this article to provide some beginner information about horse racing patterns, let’s focus on these primary categories.

Maiden races are the favorite choice of many. It features a field of maiden horses which have never won a race previously. One among these is obviously going to taste its first victory in life, and then the maiden tag of that horse is broken. However, the horses never won need not be limited to only maiden races, but they can contest in other horse races too.

These races are also called the shopping races as all horses in the race may up for sale too. Anyone can claim the horse before the race.

If you have followed TVG Horse Racing, you should know that the prize money (usually called the purses in racing terminology) is higher than the other types of racing discussed before. The horses participating in it will be those that meet certain conditions of non-winning. There are specific codes to understand this. For example, NW3X is the code for those horses which haven’t won 3 races other than one maiden, starter, or claim.

Most of the racing fans are after this type of racing. The most popular races in this category are Belmont Stakes, Kentucky Derby, and Breeders’ Cup. All the top horses used to run in these races. The stakes are also high, in which the graded stakes races are the top options. Races are usually ranked as G1, G2, and G3, and G1 is the top grade. Stakes races do have feature horses participating from across the country and many times from other parts of the world too.

Apart from the types of the races, the horses are also categorized into various forms and knowing it will further enhance your knowledge and insight about races and help better understand the racing scenario, which we will discuss in the forthcoming articles.

Horse racing tourism is one of the most upcoming specialties in travel and tourism, which is explored by many. However, many people just want to watch races by being ignorant about the technical aspects of it and without knowledge about the rule of the games. However, it will be a fascinating affair if you know the rules of the races well and plan your trip accordingly if you want to explore the best races across the country or abroad.

 

Author Bio: Silvia Watson is a freelance content writer. She has written many good and informative articles on different categories such as technology, health, fashion, education, career, travel etc. She is a featured author at various authoritative blogs in the health and fitness industry and currently associated as a blogger with https://www.tvg.com/

 

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How Online Casinos are Changing the Gambling Industry

 

When it comes to the gambling industry, there’s no denying that things have been changing over the past decade or so. Online gambling – in particular online casinos – are becoming more and more popular all over the world and, as can be expected, this is having an effect on land-based casinos and the gambling industry as a whole. For those of us who are new to gambling and casinos, guides like Ladbrokes’ Clueless in the Casino can help us understand what we’re getting into. But with online casinos becoming more widely available, will we always need these kinds of guides?

Accessible

For years, casinos and gambling seemed to be a glamorous activity only for those of higher classes. However, over the years, land-based casinos have become more and more accessible for anyone. Online casinos are an example of this. Accessibility in the gambling industry had been on the rise, but online casinos make gambling more available to the masses than it has before. At the touch of a button, anyone can have access to any number of online games and live tables without needing to pay for expensive memberships at high end casinos or adhere to a dress code – you could play a game of blackjack in your pyjamas!

Attendance is up

Because of the accessibility that online casinos provide, attendance as a whole is on the rise, but not just online. While there are more and more people becoming involved in live tables and online slots, worldwide people have been attending land based casinos more often too. The advertisement for the gambling industry that online casinos offer can bring in people who might not otherwise have been interested in gambling. Improved acceptance for gambling as an industry and as a form of entertainment mean that more and more people are starting to get involved, whether that’s at an online casino, or in a land-based casino. With increased attendance comes increased revenue which in turn helps to expand and grow the industry. Gambling is becoming extremely profitable for those invested in it in one way or the other, and this can be put down at least partially to online casinos and their ease of access.

ECommerce

Ecommerce and cryptocurrencies in particular are adding a new level of security and mobility to gambling online. The use of online payment methods, whether in fiat currencies or online cryptocurrencies or even through the use of card and contactless payments in a land-based casino itself all make for more secure and convenient payments. There is no need to pay in cash and risk losses or robberies when carrying around the cash, and withdrawing your winnings from an online casino has never been easier. Each online casino has a wealth of online payment services, so you can choose which ones fit you and your preferences more than others. Ecommerce is a growing industry in itself, and the cross over with online casinos is only improving the gambling industry for those that are a part of it.