Betting under legal structure can be fun

Betting is a cognizable offence in practically all countries of the world. Still there are some pockets where bets can be legally placed. One such place is the casinos which thrive in places like Las Vegas etc. There are people who come to these places for enjoyment. This being an addictive sport, many of them get addicted. This is the first step towards ruination. The Wettanbieter is the only person who makes a living out of these sports no matter who wins. The laws of nature are funny. It has been invariably seen that the occasional gambler tastes considerable success the first couple of times he gambles. This makes him crave for more and thus gets involved in more betting. The laws of the game are such that you lose more often than you win. The odds on losing a bet is always much higher than winning it.

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The losing trend continues and one gets sucked up into the vortex. The bookie is the person who takes advantage of such situations and incites a person to gamble more so that he can earn more and recover his lost money. History is witness to the fact that very few people have succeeded in gambling without resorting to illegal means. The common man loses everything from money, position, pride as well as his relationships. In fact invariably he ends up a pauper on all fronts. You might wonder as to how the bookie earns while everyone else loses. This is because the bookie is the one who collects the bets on behalf of the people and places them. He does not invest a single cent and hence does not lose any money at all. His earnings are through commission which he gets no matter who wins or loses. This makes him a winner on all counts.