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Although the name ‘Keno’ has a Latin or French root, several popular folklores and legends say that this lottery game originated in China. Several folklore and legends state that this game saved an ancient city during the epitome of a war and its popularity helped raise funds to build the famous Great Wall of China. In modern China, the idea of using lotteries to fund a public institution was not talked about before the end of the 19th century.
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, this ruling is a blow to gaming operators. However, sports betting operators will not be impacted by this as their sports betting operations are restricted to individual states.
Regrettably it will but it won’t be hit as hard as some of the other sectors of the economy. Research points out that gambling is ‘recession-proof’ even if the economy is in a downward spiral.
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“Australian economic history and recent international events illustrate collapsing housing bubbles can quickly increase the number of unsold properties [stale stock], shattering the pervasive myth of a deleterious dwelling shortage,” said Lindsay David and Philip Soos on behalf of research group, LF Economics.
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An excellent question. The reason? It is to fuel a phenomenon that is called the “Gambler’s Fallacy”. A large percentage of gamblers believes that results from the past are somehow an indication of future results. They are looking for patterns or trends, that will help them place winning Roulette bets. Although patterns are undeniably there, they have no influence whatsoever on future outcomes.
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