Wager Mage
Photo by Karolina Grabowska Pexels Logo Photo: Karolina Grabowska

What place gambles the most?

33Across COUNTRY GDPUS$ GGY(US$) 1. Australia 1,505,924 20,202.00 2. Hong Kong SAR 274,027 3,502.00 3. Canada 1,826,769 16,287.00 4. Finland 267,412 2,251.00 7 more rows •

What is minus 130 in betting?
What is minus 130 in betting?

With its odds set at +130, Team B offers a $130 payout for every $100 bet on it. So if someone were to bet on Team B, and Team B won, that person...

Read More »
How do you bet on odds?
How do you bet on odds?

If the odds have a plus, that means you'll win that amount of money if you win the wager. For example, let's say the odds are -150. This means...

Read More »

LONDON--(BUSINESS WIRE)--The latest figures compiled by the Global Betting and Gaming Consultants show that Australia is by far the biggest gambling nation on the planet with a per capita spend of US$866 a year. British operators Paddy Power, William Hill, Ladbrokes and Bet 365 have all been quick to recognise the potential and have licensed their business in Australia to take sports bets. Forty six percent of Paddy Power’s group operating profits come from customers based in Australia. But the real gambling spend for Australia comes not from internet but the widespread distribution of pokie machines (50%) played by locals and then also casinos (20%) that host Chinese gamblers. Hong Kong Jockey Club are in second place even though many residents are going to Macau to gamble in the casinos. Canada comes in third with strong gambler support for casino, gaming machines and lotteries. Ontario is the lead state almost double in terms of gross gaming yield in front of Quebec. Italy has growth in stature as a gambling market with the growth of various slot machines through deregulation as the Italian Government has sought to gain a higher tax yield from gambling. The United Kingdom has dropped to tenth from third in 2008. “This is because other countries have decided not to criminalise the gambler and bring forth legislation to legalise gambling. However we expect the UK to rise in the ranking next year when we will see a full year of on shore licensing for internet gambling which was previously allocated off shore, mostly in Gibraltar, Isle of Man and Malta” said Warwick Bartlett Chief Executive of GBGC. All of the top ten listed are prosperous countries which destroy the myth that the poor gamble most. “You can only lose what you have in your pocket, and gambling is not a priority for poor people, it is essentially a luxury purchase when all essentials have been paid for” says Warwick Bartlett, GBGC’s CEO.

2013 Data

COUNTRY GDPUS$ population GGY(US$) GGY per Capita 1. Australia 1,505,924 23.32 20,202.00 866 2. Hong Kong SAR 274,027 7.22 3,502.00 485 3. Canada 1,826,769 35.11 16,287.00 464 4. Finland 267,412 5.45 2,251.00 413 5. Italy 2,071,955 59.69 23,109.00 387 6. New Zealand 181,574 4.48 1,661.00 371 7. United States 16,768,050 316.50 100,827.00 319 8. Japan 4,898,530 127.34 40,495.00 318 9. Norway 512,581 5.10 1,531.00 300 10. United Kingdom 2,523,216 64.09 18,136.00 283 Source www.gbgc.com

GGY = Gross Gaming Yield (what the customer actually loses gambling)

Singapore and Macau have been left out of the calculations because the high gross gaming yields are predominantly created by tourists from China and the rest of Asia.

How do I know if Im withdrawing?
How do I know if Im withdrawing?

Symptoms of Withdrawal Changes in appetite. Changes in mood. Chills or shivering. Congestion. Depression. Fatigue. Irritability. Muscle pain. More...

Read More »
Who is the most successful racing tipster?
Who is the most successful racing tipster?

Hugh Taylor It is difficult to argue with the record of At the Races tipster-in-chief Hugh Taylor. Since he began tipping over twelve years ago,...

Read More »

Should you hit or stay at 15?
Should you hit or stay at 15?

Question: “When should I hit on my 15?” Sam says: “Always hit a hard 15 when the dealer's up-card is a 7 through an ace. If you stand on that 15,...

Read More »
Can you bet on apps in Florida?
Can you bet on apps in Florida?

Yes. Sports betting was legalized in Florida through a gambling compact with the Seminole Tribe, which will operate Hard Rock Sportsbook. That is...

Read More »
How can my phone give me money?
How can my phone give me money?

How to Make Money From Your Smartphone (11 Ways For 2023) Sell Your Old Stuff. Trade-in Your Old Stuff on Amazon. Use an Investment App. Sell Your...

Read More »
What game wins the most at a casino?
What game wins the most at a casino?

Blackjack 1. Blackjack. The casino game with the largest payout percentage is Blackjack. This card game is easy to learn and has the advantage of...

Read More »