Netflix series “Money, Explained” gives precious casino insights
$5,000 Welcome Bonus
“Money, Explained” is a 2021 docuseries made as a continuation of the series “Explained.’ Both were created by Vox Media and released on Netflix. This article intends to explore points made in the ‘Gambling‘ episode of ’Money and add to that information to expose some of gambling industry's addictive games.
This episode focuses on gambling. It explains how casinos work and tricks casinos use. People relate to winners and their own gambling experiences.
Empathy is the action of feeling what others are perceived to feel. Schadenfreude is enjoyment at the troubles of another human. CBS explains that once you feel biased, you are more likely to experience a Schadenfuell feeling.
The law of large numbers explains that while you can beat the odds of a casino in a small time, you cannot escape its consequences when playing for a longer time. The idea of getting something from nothing is widespread in casino culture and can water the seed of addiction.
Netflix series “Money, Explained’ gives valuable casino insights. The show explains the gambler's fallacy. People believe that once certain events have frequently happened in the past, they are less likely to happen in future.
Netflix series “Money, Explained’ gives valuable casino insights. In casinos, it's impossible to know where to place yourself in the infinity of numbers and choices to understand how to bet and win. This is where the illusion of control takes hold and convinces you that everything is as you planned.
Slots are a mechanism that exploit the illusion of control. Gambling started from an exciting desire to play with fate. It evolved once we realized how to maneuver the odds. The Netflix series “Money, Explained” gives precious casino insights.
The gambling industry learned how to give players a smooth ride down to zero. The digital era created a perfect combination of sounds and flashy images that offer small dopamine shots to our brains with each spin. Slots follow a longer time span of small rewards and losses. This prolongs your wallet's path to demise and increases the amount of money you put into slots before deciding to leave.
Magical thinking combines the elements of other deceiving ways of thinking. It takes away the responsibility from you. Gambler’s fallacy and the illusion of control contribute to this thinking, as well as self-centered belief that you will be the one to win out of all the people in the casino.
In the first quarter of 2022, slots and table games amassed $11.50bn in the USA. France's National Gaming Authority reported a €10.7bn total for the country's gambling revenue in 2021. In the UK, the gross gambling yield increased by 4% for slots, reaching £565m for same period. UK users spend more than an hour per session immersed in online slots.
The "Zone" is a meditative state where you feel content by feeding the machine money until you win or you run out of money. The games and the small sums of cash you earn are virtual. Only the money you lose is real.
Dice have dots instead of numbers because they predate our numbering system.
Netflix series “Money, Explained’ gives precious casino insights. Gambling is deeply written in our history. The first six-sided dice was made 5000 years ago in Mesopotamia. Poems like Gambler”s Lament and the Mahabharata tell us stories of ancient Indians gambling. Ancient Jewish authorities banned professional gamblers from testifying in court.
Gambling is said to date back to the Paleolithic period. The first six-sided dice was made in Mesopotamia 5000 years ago. In China, gambling houses date to 1000 BC.
Netflix series “Money, Explained’ gives valuable casino insights. Card games are famous for combining strategy and luck.
Poker is a family of card games with wagers and strategy. It takes longer for poker players to become addicted to it than slot players. Half of poker player reported gambling problems. Netflix series “Money, Explained” gives casino insights.
Blackjack is a card game played in casinos. It is similar to Poker. Blackjack players try to beat the dealer. Some professional players use the strategy of counting cards. This strategy is not recommended in most casinos, as most players don't agree with it.
The opening of a casino in Canada resulted in increased gambling and problem gambling among the neighboring residents within one year. 29% of the respondents think gambling is fair and can be trusted. 60% switched operators for better odds. Online casinos also need to be researched to uncover their influence. When it's easy to gamble, we will gamble more.
The opening of a casino in Canada resulted in increased gambling and problem gambling among neighboring residents within one year. Worldwide gambling statistics show that around 26% of the total population has gambled at least once.
