Where Does Gambling Come From

  1. Where Does Gambling Addiction Come From
  2. From Where Does Light Come
  3. From Where Does Strain Come
An interesting article from today's Las Vegas Advisor:
Q: Where does the gambling term 'punter' come from?
A: We're glad you specified 'gambling term,' so we didn't go off on some wild tangent about football, hookers, file-transfer protocols, indentations in the bases of wine bottles, or English-style gondolas. And you're not referring to the Australian socialite and basketball coach Christopher 'Punter' Ponton, nor indeed to the Hindi expression for the term 'dude,' as in, Punter hai re ekdum, meaning, 'He's a cool dude,' are you? You're talking about the British and Australian term for those who place wagers, as in, 'Daring Donkey in the 2.15 at Ascot is definitely worth a punt, mate.' Right?
That's unfortunate, since this is the trickiest usage of the word to fully account for, its complete etymology proving somewhat elusive. But here's a stab at it.
The most convincing origin we came across derives from a version of the popular European game of baccarat known as punto banco, in which the players, i.e., those who stake against the bank ('banco'), are known as punters, from the Italian (and Spanish) term punto, meaning 'a point,' although why exactly, we're not sure. While the origins of baccarat remain obscure, it's certainly an old game, since its introduction to France from Italy has been traced to the 15th century. Other relatives of baccarat include chemin de fer, baccarat banque (or et deux tableaux), and the now virtually obsolete basset or bassette.
So far so good. But how the term came to mean gamblers in general or, as it tends to today in the U.K. and Australia, horse racing bettors in particular, we're not sure. In the financial world, someone who invests money in a chancy game or business (particularly the stock market), in the expectation of making a profit, is also referred to as a punter.
While in both countries a 'punt' can mean a bet, in Australia 'punting' is also used to mean gambling, while in England punting generally means 'boating in a punt.' These days in England, the term 'punter' is used to refer to any customer of a business, as in, 'Let's see if the punters like this new Swedish beer before we cancel our order for Bud.'

Where Does Gambling Addiction Come From

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From Where Does Strain Come

However, you can only do so based off of how much you’ve won in cold, hard gambling cash. This means in order to write off your losses, you will have to accurately report the amount of money you made from gambling in a given year. This can make some people wary. After all, if those winnings were in cash, does it really matter? What does 'Return to Player' mean? Return to Player (RTP) is the term that gambling businesses use to describe the percentage of all the wagered money that a gambling machine or game will pay out over time. RTP is calculated over the long term, rather than being a calculation of short term (e.g. Session, daily or even weekly) payout. What does 'Betting on the Come' mean? Aka 'Bet on the Come' is derived from a gambling expression and means you don't have what you want or need, now at the moment; but, you are betting or hoping. Winning big at the casino can come with a number of tax implications and financial decisions, specifically when choosing the best payout method. Typically, winnings are placed in a structured settlement providing consistent payments for a determined period of time.

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