David Matthews' Gambling in Space

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Posted At : January 9, 2008 06:08 PM | Posted By : Administrator
Related Categories: First

Until a few years ago, no one thought that people would actually gamble in their underwear, save for a drunken game of Twister with some coeds at the Phi Delt house. The Internet has brought the unimaginable into the home. Want to buy socks to keep your toes warm? Go online. Want to buy fine art? Go online. Want to trade stocks, pay bills, watch porn, learn how to harvest herbs or fix a hole in the sole of one’s shoe? Go online. Want to gamble too? You got it… go online.

Gambling is intrinsic to human nature. We have survived as a species because our ancestors assessed risk vs. reward situations and the fittest ones made the best decisions. Need food? Attacking that bear is dangerous, but may be the only way to survive. Some people got the bear and the food, and some people were eaten by the bear. If the human race was inherently risk averse, we would have never survived as a species to today’s day and age. Even in today’s business climate, a far cry from hunting for bears, the well-informed risk takers are often rewarded by our economic system.

Also, as a “field” gambler, one who spends one-fifth of his life inside casinos, I’ll update on the daily grind, the roller coaster, the ups and downs, as Dickens’ may say, the best of times and the worst of times, of gambling in general. Heck, if I write about playing a poker tournament at Caesars Palace in Vegas, I’m writing on the Internet about gambling, even if it isn’t specifically gambling on the Net, it kinda is. That’s gambling in space.

Gambling on the Net is no longer in infancy, but rather in an adolescent phase. Most people with the inclination to participate in online gambling and who have the technological ability and know-how to do so, have done it at least to dabble if not more. In the fall of 2006, the USA government passed a law which was a major blow to the industry which set the industry back. Much as a one-day drop of 10% may hit the DOW, we know it will rebound, just as we know online gambling will also. My goal is to report on the rebound, the ongoing news related to online gambling, and the future opportunities and growth in this field.

Gambling, however, in the sense that I’ll primarily discuss, is related to the classic games of chance often played in a casino such as blackjack, poker, roulette, craps, bingo, sports betting, video poker, and other games. Humans desire to play these games for the same reasons that we were able to survive for many years. We’re built, we’re programmed, to take risks.

Gambling in Space connotes cyberspace, that electronic universe created by so many electrons flowing to and from along the Information Superhighway. You got Wifi, you got hi-speed, dial-up, Cable, DSL, T1’s, DS3’s, portals and hubs and networks and firewalls and emails and passwords and on and on. In that one sentence I used about 10 words that no one would have understood 20 years ago, or at least not as we understand them.

In other words, expect a lot, or expect a little, I’ll probably be somewhere in between.

Thanks for visiting.

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