We all know how people gamble for their greed and hunger for money. One such major type of gambling is betting. Betting is playing with coins for money or possessions on the result of any game or race. Let us understand with an example, there are two friends A and B, A supports the yellow team to win and B is in favour of the red team. So, they both do betting on it as if a yellow team wins B will have to give A some amount or possession and vice-versa. Gamble in other words is called to bet.
Types of betting
Let us get to know about five major types of bet popular in players
- Red keno
It is a classic betting type and is popular due to its simplicity. So, let us know more, the main task of the player is to choose 1 to 8 numbers out of 80 possible, and if any of the chosen draws the player wins, and if not, he loses. This game has two forms one is virtual and another is with real streaming.
- Colour betting
This was brought into existence by renowned betting company MOHIO this game not only allowed players to bet on the colour of the balls but also the numbers.
- Racing betting
This game has a large number of analogues around the globe. In this game mainly 6-8 horses or dogs participate in a race and players have to guess which horse or dog will win the race.
- Lucky six
This is one of the latest games in the gambling industry which also became quite popular in a short span of time. This is popular due to its ease and colourful nature with good pay-outs and gaming. In this game numbered balls fall on virtual drums and players have to bet on these numbers or colours. In this game, a draw occurs every five minutes.
- Flash soccer
Most people love football and this was the major reason for the formation of the virtual game flash soccer and this includes major leagues of world football. This game gives fast pay-outs and its reliability won’t leave any player disappointed.
Effects of betting
As we have seen people put their belongings at risk for greed and hunger for money, if they lose the game, they lose their belongings and become bankrupt due to such activities people tend to undergo depression. Some other effects of betting on youth change in behaviour, loss of correct decision-making power, becoming violent, and many more. Due to this betting is illegal in many countries though people do it.