Bettor
Encyclopedia
A Bettor is a person who makes bets
based on particular information, or feeling
, on sporting or other events in the hope of gaining financial profit
.
. High stake players are usually “macho
” types, as they undervalue the risk of high potential losses.
Short-term bettors focus their attention on every single event in the betting pool.
and social problems related to habitual gamblers is almost as old as the activity itself. ‘Loaded’ bones (dice) have been found in Egyptian tombs, and there is evidence that the Egyptians attempted to control compulsive gambling.
•Around 300 BC the bettor was classified by Aristotle
with the thief and laws were enacted in pagan Greece
and Rome
for suppression.
, for example, where the fine is up to 5 years imprisonment for betting on sports.
(1988) – a true story about 8 baseball players from Chicago White Sox, who were bribed by a mob to lose the series;
• Owning Mahowny
(2003) - based on a true story about Brian Moloney, who stole $ 10 million to feed his addiction to bets;
• Revolver – the story of an ex-prisoner, who ruins the life of a casino owner. The film gives valuable psychological aspects of the successful bettor.
. A survey in Finland has shown that all the problem bettors were mainly males, and the problem internet bettors were all males.
Gambling
Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...
based on particular information, or feeling
Feeling
Feeling is the nominalization of the verb to feel. The word was first used in the English language to describe the physical sensation of touch through either experience or perception. The word is also used to describe experiences, other than the physical sensation of touch, such as "a feeling of...
, on sporting or other events in the hope of gaining financial profit
Profit (accounting)
In accounting, profit can be considered to be the difference between the purchase price and the costs of bringing to market whatever it is that is accounted as an enterprise in terms of the component costs of delivered goods and/or services and any operating or other expenses.-Definition:There are...
.
Low Vs. High-stake bettors
Low-stake bettors prefer to gamble safely. The common reason depicting this type of bettors is “My stake is so small I do not care if I lose”. High-stake bettors usually bet on a single eventObservable
In physics, particularly in quantum physics, a system observable is a property of the system state that can be determined by some sequence of physical operations. For example, these operations might involve submitting the system to various electromagnetic fields and eventually reading a value off...
. High stake players are usually “macho
Macho
Macho typically refers to machismo. Other uses include:*Macho , a short-lived disco group in the late 1970s*Pique macho, Bolivian dish*Macho Man , a 1978 disco song performed by the Village People...
” types, as they undervalue the risk of high potential losses.
Winning Vs. Losing bettors
A winning bettor is one who is on the winning side for a long period of time. A losing bettor is one who often loses.Long-term Vs. Short-term bettors
Long term bettors prefer markets that develop throughout a long period of time (e.g. who will win English Premiership; who will get relegated from Series A).Short-term bettors focus their attention on every single event in the betting pool.
Betting from a historical point of view
• Paintings on the walls of Egyptian tombs dating back to 3500 B.C. depict men in games with astragali-ankle bones of sheep or deer that were used as dice. Evidence of dishonesty in gamblingGambling
Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...
and social problems related to habitual gamblers is almost as old as the activity itself. ‘Loaded’ bones (dice) have been found in Egyptian tombs, and there is evidence that the Egyptians attempted to control compulsive gambling.
•Around 300 BC the bettor was classified by Aristotle
Aristotle
Aristotle was a Greek philosopher and polymath, a student of Plato and teacher of Alexander the Great. His writings cover many subjects, including physics, metaphysics, poetry, theater, music, logic, rhetoric, linguistics, politics, government, ethics, biology, and zoology...
with the thief and laws were enacted in pagan Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
and Rome
Rome
Rome is the capital of Italy and the country's largest and most populated city and comune, with over 2.7 million residents in . The city is located in the central-western portion of the Italian Peninsula, on the Tiber River within the Lazio region of Italy.Rome's history spans two and a half...
for suppression.
Legality
The profession “bettor” is still not recognized by the International Labour Organization. However, in most countries it is absolutely legal to be a bettor. Of course, there are some exceptions like TaiwanTaiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
, for example, where the fine is up to 5 years imprisonment for betting on sports.
Bettor related films
• Eight Men OutEight Men Out
Eight Men Out is an American dramatic sports film, released in 1988 and based on Eliot Asinof 1963 book 8 Men Out. It was written and directed by John Sayles....
(1988) – a true story about 8 baseball players from Chicago White Sox, who were bribed by a mob to lose the series;
• Owning Mahowny
Owning Mahowny
Owning Mahowny is a 2003 movie about gambling addiction with a cast that includes Philip Seymour Hoffman, Minnie Driver, Maury Chaykin and John Hurt.-Plot:...
(2003) - based on a true story about Brian Moloney, who stole $ 10 million to feed his addiction to bets;
• Revolver – the story of an ex-prisoner, who ruins the life of a casino owner. The film gives valuable psychological aspects of the successful bettor.
The Psychological aspect of an online bettor
Internet bettors are the same as all regular Internet users – educated and young. This profile is similar to the one of the problem bettors. Still they differ in the characteristics good education and affluent incomeIncome
Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings...
. A survey in Finland has shown that all the problem bettors were mainly males, and the problem internet bettors were all males.