Mind Blown Gambling Facts

[bitbunnny]

Let me just add one on the list:

• Art. 95. Whatever may be lost during the marriage in any game of chance, betting, sweepstakes, or any other kind of gambling, whether permitted or prohibited by law, shall be borne by the loser and shall not be charged to the community but any winnings therefrom shall form part of the community property.

According to Article 95 of the Civil Code of the Philippines, if you lost money in gambling then you cannot charge such loss using your money in your conjugal funds BUT if you win, then the winnings will be automatically converted to your conjugal funds. Meaning, if you are married then you win money in gambling, the funds will be shared with your wife! Hahaha better keep those winnings to yourself!

Some countries really have strange laws about gambling. I didn't know this Philippines, especially not the fact that you have tu share the winning with your wife. It's funny that they consider gambling winnings to be marriage property.
Reading all these facts about gambling it's kind of conclusion that usually less developed countries have put more attention to gambling than developed ones, or at leastI have such impression.

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[Becky666]

49. A British gambler sold all of his possessions, including all of his clothes, and bet $135,300 on red for a single spin of a roulette wheel in Las Vegas and won. Source

Really? That is a full risk, betting all of your money including your clothes is bad if you don't win it because you will end up nothing, I wonder how he was able to decide to bet all his money, luckily he won the roulette, he has the good confident about the betting. I don't see myself doing that thing because I am afraid to risk all of my money. I don't want to invest it without any good assurance that I can bring back my money but unfortunately, we don't have that assurance for every investment and gambling we have, all came from taking a risk.

Don't forget that risk is part of our living, those without risk are sure failures in the society. Whatsoever we do apart from the investment platforms are made possible becasue risk is involve, so, taking risk should be part of everybody, though this depends or varies on individuals. Gambling is one of the most riskiest platform which need care and self-control if anyone want to benefit from the luck that come with it. I think we must learn to take risk base on our capacity to avoid depression.

[TGD]

Let me just add one on the list:

• Art. 95. Whatever may be lost during the marriage in any game of chance, betting, sweepstakes, or any other kind of gambling, whether permitted or prohibited by law, shall be borne by the loser and shall not be charged to the community but any winnings therefrom shall form part of the community property.

According to Article 95 of the Civil Code of the Philippines, if you lost money in gambling then you cannot charge such loss using your money in your conjugal funds BUT if you win, then the winnings will be automatically converted to your conjugal funds. Meaning, if you are married then you win money in gambling, the funds will be shared with your wife! Hahaha better keep those winnings to yourself!

The real deal here is if the other party will know if his/her partner was lose or win on gambling. Its very rare to see a couple gambling together and also no one ever report to there partner his/her gambling statistics so it will be impossible for this law to apply unless there are records on the casino for PnL then its possible.

I visited casino few times and I don't if they are recording any of my winnings or loss that particular day. Thanks for contributing additional mindblown facts here.  

[iTradeChips]

Let me just add one on the list:

• Art. 95. Whatever may be lost during the marriage in any game of chance, betting, sweepstakes, or any other kind of gambling, whether permitted or prohibited by law, shall be borne by the loser and shall not be charged to the community but any winnings therefrom shall form part of the community property.

According to Article 95 of the Civil Code of the Philippines, if you lost money in gambling then you cannot charge such loss using your money in your conjugal funds BUT if you win, then the winnings will be automatically converted to your conjugal funds. Meaning, if you are married then you win money in gambling, the funds will be shared with your wife! Hahaha better keep those winnings to yourself!

The real deal here is if the other party will know if his/her partner was lose or win on gambling. Its very rare to see a couple gambling together and also no one ever report to there partner his/her gambling statistics so it will be impossible for this law to apply unless there are records on the casino for PnL then its possible.

I visited casino few times and I don't if they are recording any of my winnings or loss that particular day. Thanks for contributing additional mindblown facts here.  

Based on this article then in my own understanding, it assumes that the husband has means of income that is declared not part of the conjugal property. If you do not have any agreement with the wife then by default all of the husbands assets and earnings will be part of the conjugal property. So it means if you use the money that is part of conjugal property and you lose then you are liable and the law would held you accountable for such a loss. Not really sure if this has been used before in any court case, maybe for money hungry wives.

[qwertyup23]

Based on this article then in my own understanding, it assumes that the husband has means of income that is declared not part of the conjugal property. If you do not have any agreement with the wife then by default all of the husbands assets and earnings will be part of the conjugal property. So it means if you use the money that is part of conjugal property and you lose then you are liable and the law would held you accountable for such a loss. Not really sure if this has been used before in any court case, maybe for money hungry wives.

Well this depends upon the marriage settlement executed before the celebration of the marriage. In the Philippines, generally, if there is no prenuptial agreement executed between the couples, what will govern the share of their properties will be the absolute community of property- meaning the properties of both spouses will be shared equally and the incomes thereof will be part of their common fund.

In the given example, the income or proceeds of the husband automatically converts it their common fund.

The real deal here is if the other party will know if his/her partner was lose or win on gambling. Its very rare to see a couple gambling together and also no one ever report to there partner his/her gambling statistics so it will be impossible for this law to apply unless there are records on the casino for PnL then its possible.

I visited casino few times and I don't if they are recording any of my winnings or loss that particular day. Thanks for contributing additional mindblown facts here. 

Well that is true! May husbands keep it a secret about their gambling habits and expenditures since if the wife founds out, they will be in serious trouble! I have yet to read an actual case applying the provisions of Article 95 of the Civil Code.

[deisik]

Don't forget that risk is part of our living, those without risk are sure failures in the society. Whatsoever we do apart from the investment platforms are made possible becasue risk is involve, so, taking risk should be part of everybody, though this depends or varies on individuals. Gambling is one of the most riskiest platform which need care and self-control if anyone want to benefit from the luck that come with it. I think we must learn to take risk base on our capacity to avoid depression

Taking risks for their own sake is not a very bright idea. In this regard, gambling serves a good purpose (unlike extreme sports for adrenaline-seekers, e.g. cliff jumpers). It's good in that you are losing only your money, and oftentimes that's enough to understand that you only live once before it's too late. On the other hand, taking calculated risks when the reward-to-risk ratio is high is another matter provided you know what you are doing

Long story short, there are different types of risks and how you are related to them

[Fortify]

Wow, some pretty fascinating facts there and thanks for sharing. To add to that: Most people have more chance of being eaten by a shark or being hit by lightening than winning the lottery. The lottery is in many way a "poor tax" because the odds of winning the jackpot are so colossal. The poorest tend to have the least money available to fritter away, but tend to do so because they have least understanding of the mathmatic scale involved.

[Debonaire217]

A British gambler sold all of his possessions, including all of his clothes, and bet $135,300 on red for a single spin of a roulette wheel in Las Vegas and won.

I can't believe there's someone who will do this and actually win. If in any case this person losses, he might be depressed and surrender to life. Though, the outcome that this person achieves is something he will cherish for the rest of his life. If I will be in his position, I will not do the same thing, I will keep my $135,300 and start a business. That's the best thing I could do to decrease the risk, in addition, I will have investments and profits in return. That is why I can't still suggest this act to be followed by anyone.

[Sirait]

• The first online casino was launched by Microgaming in 1996 in Antigua, and had 18 casino games. Source
  

^It's been 24 years when online gambling was first launched and now there are hundreds of thousands of online gambling sites circulating around the world.

• Iranian tennis showman Mansour Bahrami fled to France where he tried to meet the higher living costs by gambling all his savings in a casino. He lost everything on the first night. Source ^NEW!
  

^surely he has learned one thing that is `never to bet everything in a foreign land`

[MWesterweele]

Wow, some pretty fascinating facts there and thanks for sharing. To add to that: Most people have more chance of being eaten by a shark or being hit by lightening than winning the lottery. The lottery is in many way a "poor tax" because the odds of winning the jackpot are so colossal. The poorest tend to have the least money available to fritter away, but tend to do so because they have least understanding of the mathmatic scale involved.

This thread were totally mind blowing, some were fascinating facts and some were wierd but the mean point of it was the mere fact that this thread make an open forum for the gambling facts, what they can afford to sell or lose for the sake of gambling and having an idea on how to manage gambling critically. But talking about winning in lottery were somewhat like entering in a hole of a needle, meaning to say you would try a lot of bets but even a 50% probability of winning were impossible.

[freedomgo]

A British gambler sold all of his possessions, including all of his clothes, and bet $135,300 on red for a single spin of a roulette wheel in Las Vegas and won.

I can't believe there's someone who will do this and actually win. If in any case this person losses, he might be depressed and surrender to life. Though, the outcome that this person achieves is something he will cherish for the rest of his life. If I will be in his position, I will not do the same thing, I will keep my $135,300 and start a business. That's the best thing I could do to decrease the risk, in addition, I will have investments and profits in return. That is why I can't still suggest this act to be followed by anyone.

This person just turn out to be lucky but it was a stupid move to risk something in gambling where he is not even playing a skilled based gambling, roulette is a pure luck based game. I think I already saw this kind of situation in the move

https://en.wikipedia.org/wiki/The_Gambler_(2014_film)

you should watch this movie, he did all in in the end and won, lucky for him, otherwise he will not only lose his money but his life too.

here's the last scene of the movie.

https://www.youtube.com/watch?v=TpTo-hpT4qQ

[ethereumhunter]

Wow, some pretty fascinating facts there and thanks for sharing. To add to that: Most people have more chance of being eaten by a shark or being hit by lightening than winning the lottery. The lottery is in many way a "poor tax" because the odds of winning the jackpot are so colossal. The poorest tend to have the least money available to fritter away, but tend to do so because they have least understanding of the mathmatic scale involved.

This thread were totally mind blowing, some were fascinating facts and some were wierd but the mean point of it was the mere fact that this thread make an open forum for the gambling facts, what they can afford to sell or lose for the sake of gambling and having an idea on how to manage gambling critically. But talking about winning in lottery were somewhat like entering in a hole of a needle, meaning to say you would try a lot of bets but even a 50% probability of winning were impossible.

Even if people know their probability of winning will not bigger than 50%, they will still play the lottery because they can buy the ticket at a low price. They don't mind losing some money to buy the lottery because they know that if they win the game, they can win the win money and expect to win the jackpot as the prize. Maybe those people know about the consequences of playing the lottery so they can accept the lost money.

[Ziskinberg]

A British gambler sold all of his possessions, including all of his clothes, and bet $135,300 on red for a single spin of a roulette wheel in Las Vegas and won.

I can't believe there's someone who will do this and actually win. If in any case this person losses, he might be depressed and surrender to life. Though, the outcome that this person achieves is something he will cherish for the rest of his life. If I will be in his position, I will not do the same thing, I will keep my $135,300 and start a business. That's the best thing I could do to decrease the risk, in addition, I will have investments and profits in return. That is why I can't still suggest this act to be followed by anyone.

This person just turn out to be lucky but it was a stupid move to risk something in gambling where he is not even playing a skilled based gambling, roulette is a pure luck based game. I think I already saw this kind of situation in the move

https://en.wikipedia.org/wiki/The_Gambler_(2014_film)

you should watch this movie, he did all in in the end and won, lucky for him, otherwise he will not only lose his money but his life too.

here's the last scene of the movie.

https://www.youtube.com/watch?v=TpTo-hpT4qQ

I think that was different, I watched the link you've shared, in that movie, the gambler bet "all in" in black, while the british gambler bet on red.

There are really people who can't seem to think of the consequences, they are the real definition of think positive and don't look back.

[Yamifoud]

• The first online casino was launched by Microgaming in 1996 in Antigua, and had 18 casino games. Source
  

^It's been 24 years when online gambling was first launched and now there are hundreds of thousands of online gambling sites circulating around the world.

This what we called development. You can't certainly say that over 10 years there is nothing to see any improvements, and we have it yeah.
The growing number of online and offline casinos means that many people are discovering gambling by now. More people are engaged on the internet which a tool that helps them to find gambling and have them feel good and relaxing while staying at home or anywhere. And I expecting more casinos to open in the public in the years to come.

[dunfida]

• The first online casino was launched by Microgaming in 1996 in Antigua, and had 18 casino games. Source
  

^It's been 24 years when online gambling was first launched and now there are hundreds of thousands of online gambling sites circulating around the world.

This what we called development. You can't certainly say that over 10 years there is nothing to see any improvements, and we have it yeah.
The growing number of online and offline casinos means that many people are discovering gambling by now. More people are engaged on the internet which a tool that helps them to find gambling and have them feel good and relaxing while staying at home or anywhere. And I expecting more casinos to open in the public in the years to come.

As technology progresses then its no surprise that things will be accessible even way more easier compared to the past.Also gambling industry had become big over the years its not really
that it become the trend but people do find it entertaining and foremost it had been treated as a money generating thing for some people which we can say its wrong but so be it, yet
people do have different insights towards gambling.
About mind blown facts listed on op, then we can say that majority of them are dumb decisions.

[Darkelf11]

Let me just add one on the list:

• Art. 95. Whatever may be lost during the marriage in any game of chance, betting, sweepstakes, or any other kind of gambling, whether permitted or prohibited by law, shall be borne by the loser and shall not be charged to the community but any winnings therefrom shall form part of the community property.

According to Article 95 of the Civil Code of the Philippines, if you lost money in gambling then you cannot charge such loss using your money in your conjugal funds BUT if you win, then the winnings will be automatically converted to your conjugal funds. Meaning, if you are married then you win money in gambling, the funds will be shared with your wife! Hahaha better keep those winnings to yourself!

Hahaha this is the cutest thing I've ever read about gambling  In our country Philippines all husband and wife vowed to love each other for better, for worse, for richer, for poorer, in sickness and in health. But I know that there is also a law that separates your funds or property from your husband or wife and that law legally states that you do not have any right on your partner's property or heritage. And that agreement will be signed before the marriage.

[TGD]

The origins of poker was played with a deck of only 20 and Not the Full Deck

While most people will play poker with all 52 playing cards the origins of poker was played with a deck of only 20 cards! It wasn’t for almost 100 years later that it established itself as a 52 card game. - https://en.m.wikipedia.org/wiki/History_of_poker

[maydna]

This what we called development. You can't certainly say that over 10 years there is nothing to see any improvements, and we have it yeah.
The growing number of online and offline casinos means that many people are discovering gambling by now. More people are engaged on the internet which a tool that helps them to find gambling and have them feel good and relaxing while staying at home or anywhere. And I expecting more casinos to open in the public in the years to come.

If the internet can be available in all countries and access the internet easily, they can search and visit the gambling site without any problem. The number of online and offline gambling sites will also compete because, with the internet, that can give easiness for people not to visit the casino, especially if in the future, other bad things happen like today. But if people use gambling as their relaxing activity, that will not be good for them because sooner or later, they will use gambling as a new habit, and if they play for a long time, they will become addicted to gambling. That is the danger of gambling, which many people miss.

[dimonstration]

The origins of poker was played with a deck of only 20 and Not the Full Deck

While most people will play poker with all 52 playing cards the origins of poker was played with a deck of only 20 cards! It wasn’t for almost 100 years later that it established itself as a 52 card game. - https://en.m.wikipedia.org/wiki/History_of_poker

Wow, didn't know poker have such interesting history and that it was played for a very long time. There are plenty of variants now of poker and some rules changes as time passes. Whomever discover the game is really fascinated in cards and maybe also in gambling. There are many names mentioned who really discovered it or many already do different variants or changes on it since its2bsen a game for a very long time.

[deisik]

The growing number of online and offline casinos means that many people are discovering gambling by now. More people are engaged on the internet which a tool that helps them to find gambling and have them feel good and relaxing while staying at home or anywhere. And I expecting more casinos to open in the public in the years to come

I'm not sure about the number of "offline" casinos growing up

In these times of continual lockdowns and quarantines it is hard to expect the number of regular casinos to rise. Rather, we are going to see many of them shutting down. Online casinos, however, are certainly to see a boost, and this is kinda inevitable as the number of gamblers remains more or less the same, no matter the circumstances. Even in the case of an all-out war or some other global disaster, there would be enough gamblers sticking around and ready to roll. Let's call them career gamblers