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Yes, the use of Random Number Generators is very common in lottery gambling. It is required by the government and regulatory bodies that they use RNGs in order to prevent bias and provide fairness to the gamblers. That way, the gamblers do not face the issue of house edge which makes them lose a...

This is my first time learning about the long run system in gambling and I think it is great. It makes the gambler focus on long term strategies rather than short term ones that will not be effective for a long time. It is awesome that these strategies provide gamblers with a way of minimizing...

Yes, privacy control is very important in casinos and gambling areas. Gamblers have to present really sensitive information when gambling and so there is need for a secure way to keep that information. That way, hackers will not access them easily and use it to steal or con users.

Impulse control issues are directly related to gambling addiction. Someone who struggles with impulse control will rarely stop themselves from doing something even when it is hurting them. These impulse control issues have a psychological or neurotic cause and that is why people addicted with...

Yes, most casinos have to take into consideration the use of random number generators. In fact, it is one of their requirements that they do so in order to comply with the regulations of the government and casino licensing boards. Random number generators provides fairness to the gamblers as it...

Cooking off periods are very important in gambling. It is a break that cuts the cycle of gambling and gives you time to do other important things in your life. During that break, you can cool off your emotions that rise a lot when you are gambling. You also refrain from using money hence you can...

One thing that cultural beliefs does wrong is that they corner you into believing in just one angle. It does not give room for gaining perspectives and making more informed choices. For instance, culture may make you believe that you are always a lucky person. So when you win the first time, you...

A gambler's fallacy is crucial in decision making indeed. This fallacy most often occurs from the advertisements that casinos use to attract gamblers. They display gambling as being so easy and a chance to win big. Most gamblers fall for this fallacy and end up gambling with money, some that...

Yes, a winning streak does not guarantee that you are successful in gambling. It just means that you have been lucky a few several times. You may be gambling with a strategy and that is good, but strategies are dynamic in gambling. What works today may not work in future, so don't let a winning...

It is unfortunate that some casinos are so manipulated that they give the bookmaker full advantage while being unfair to the gamblers. But those casinos that are regulated have less manipulation as regulations require that they practice fairness to their users.

These are really great pointers in ways of separating emotions from logical decision making. Indeed when you explore and learn about odds, risks and how to manage them, you are better off at making great decisions. People who are well conversant with everything about gambling become great...

This is an awesome guidance for US residence on how to navigate tax compliance with lottery winnings. One should always stay informed to know the requirements in their own country as this may not apply to US citizens only, most countries consider lottery winnings as taxable income. Therefore...

This is an awesomely detailed explanation for how to report lottery winning, I honestly did not know how to do it, let alone that you are supposed to report your winnings. I thought you just go ahead and file the required returns and enjoy your money. I will be researching more about how to do...

Yes, most lottery platforms leverage the opportunity to earn from advertisement. Their main source of income is tickets sales and commissions but will take advantage of their platforms having a huge following and subscribers. That way, they can apply for monetization or partner with other...

Yes, indeed lottery platforms will apply the commission system in their lottery winnings. This is for the sake of them earning a profit from the lottery. Therefore, they will dispense winnings based on commission which will help them cover expenses such as advertising and technology invested.

That is true. The government will take the initiative to tax any lottery winnings because they consider it an income. That is why most people who win lotteries usually complain that the government has taken her cut. The amount taxed depends on your location and the amount you won. Huge winnings...

Those are indeed the things that hinder one from having discipline while gambling, yet is an important factor for responsible gambling. Gamblers should adopt a new mindset in gambling, they need to accept the fact that it is not a safe earning method. That way, they can control their desire to...

Yes, responsible gambling means knowing your time and money limits when gambling. It also means going in with a clear mindset that gambling is about fun rather than a means of earning money. Then only gamble with an amount you can afford to lose and avoid gambling when you are broke.

Budgeting plans are very important for every gambler. You need to ensure that you have enough money for your needs first before you start gambling. Then only gamble with an amount that you can afford to lose, if you are broke, you better make do without gambling.

Cryptocurrencies offer a convenient transaction method when gambling. It is anonymous and so you can keep your gambling private as you want. But then it also comes with high risks such as financial loss due to its volatility and issues of theft if your account is hacked into. You should consider...