Most of us have probably heard of the term “The Madness of Gambling”. The story behind it is quite interesting. It all started in 1961 with the publication of a book named “Gambling in Britain”. The author of the book, Ian Duncan, used to work for a large bank called Lloyds. After leaving his job at Lloyds, he wrote a series of books that were highly critical of the industry. One of his books was entitled “The Madness of Gambling”. As the title would suggest, he argued that gambling was a mental disorder. The idea behind his theory was that gamblers became so obsessed with gambling that they neglected the important aspects of their life. Because of this, they were eventually driven insane by the obsession.
The Rise of the Casual Gambling Business
When Duncan first published his theory, little did he know that it would soon become a global epidemic. The casual gambling business had already started to emerge as a significant aspect of the gaming industry. The concept of “casual” gambling mostly comes from Canada. Back in the 1960s, Canadian casinos did not require any special training to work in them. Moreover, they often operated outside of regular banking hours, which allowed more people to play. These factors made the casual gambling business incredibly attractive to a growing industry.
The Spread Of GTS
If you are reading this, it’s quite likely that you are already familiar with Game Theory Systems (GTS) and the Big 6 accounting method. Also, since we’re on the subject of accounting, most likely you are also familiar with the Haskins System and Double Entry Book Keeping. All of these terms are closely associated with bookkeeping and accounting, which is no coincidence because that’s exactly what GTS is designed for. The purpose of GTS is to make bookkeeping easier for small businesses, so they can focus on growing their companies.
How to Cheat the Inside Track at Bettting GTS?
The main problem with using GTS, as with most other programs that were designed to make things easier, is that it makes you lose focus. Once you become accustomed to a certain way of doing things, it’s hard to go back and do them the “right” way. This is why most businesses choose to use software programs like GTS. Because they are designed to automatically generate your financial documents for tax purposes, it makes everything so much easier. Even if you are a bookkeeper by trade, using a software program can still make your day-to-day bookkeeping much easier.
However, just because something is easier does not mean that it’s right. In many cases, using the wrong approaches can lead to catastrophic results. This is why experienced bookkeepers usually avoid using automation software, and instead use the tried and tested methods that they were taught. Even then, sometimes mistakes can be made, which lead to major problems. This is why you should never, ever, ignore any financial advice that you are given. If you ever want to ensure that you are doing things correctly, it’s best to seek help from someone who is familiar with both your industry and the principles of financial accounting. This is where a CPA comes in useful. A CPA will often spot mistakes before you even know that you’ve made them. Moreover, they can help you work through any major tax issues that may arise from your business.
If you are a fan of online casinos, then you might be interested in the alternative approach that they use to determine their wagers. Rather than using the standard method of trying to predict the outcome of a game, casino websites use statistical analysis to determine their wagers.
Since casino games are fairly standard these days and most people are familiar with them, explaining how statistical analysis works is not necessary. However, if you’re interested in learning more, then you should read our in-depth article on online casinos. It’s definitely worth your time.