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Gambling In Norway
Gambling in Norway is illegal for the most part. Norsk Tipping and Norsk Rikstoto are the 2 only companies allowed to offer gambling services to Norwegian citizens. Norsk Tipping offers games like lotteries, sports betting, Keno and several others. Norsk Tipping is wholly state-owned company under the jurisdiction of the Ministry of Culture and Church affairs, with rules about what times of day, and how much money players can bet. As of January 2019 all players have to be over 18 years of age to play all games of Norsk Tipping, including scratch tickets. Norsk Rikstoto is also state-owned and is the only company authorised to arrange horse race betting. It is legal to arrange gambling parties at home, as long as these parties are not organised as a business. Except games offered by Norsk Tipping, all other forms of online gambling are illegal, with the government working towards stopping foreign companies from operating in Norway. In June 2010 the Norwegian Government passed a la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norsk Tipping
Norsk Tipping is a Norwegian gambling company headquartered in Hamar, Norway. Founded in 1948, Norsk Tipping is owned by the Norwegian government and administered by the Norwegian Ministry of Culture. The company offers a wide range of lottery, sports and instant games in the Norwegian market. Since its foundation, the profit from the company’s operations have been channelled back to the Norwegian sport and cultural sectors. History Football pools were the only game when the Norsk Tipping AS was founded in 1948. At that time, the organisation was run as a limited company with the Norwegian State holding 40%, the Norwegian Sports Federation 40%, and the Norwegian Football Association 20%. The profit was at first shared between sports and research projects. Today the company also raises money for cultural causes, and the surplus is divided 50/50 between sports and culture. In 1993, the Norwegian State took full ownership of the company. Norsk Tipping’s website was establish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norsk Rikstoto
The Norsk Rikstoto (lit. 'Norwegian National Tote') is a foundation that supervises parimutuel betting on animal racing in Norway. It was established on 24 September 1982 by the Norwegian Trotting Association and the Norwegian Jockey Club to run a tote board, totalizator game named V6. Norsk Tipping administered most such games until 1993, when Norsk Rikstoto took over. In 1996 the foundation received responsibility, financial and administrative, for all such games. It also runs the television channel Rikstoto Direkte. Animal racing in Norway is limited to Horse racing, equine racing; there are eleven tracks for harness racing and one track, Øvrevoll Galoppbane, for Horse gait#Gallop, gallop. The state provides a legal framework, but claims 3.7% of Norsk Rikstoto's gross annual turnover in fees. Chairman of the board is Silvija Seres, and CEO is Camilla Garmann. The organizational headquarters are at Bjerke (borough), Bjerke, Oslo. References External linksOfficial site ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lottery
A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. The most common regulation is prohibition of sale to minors, and vendors must be licensed to sell lottery tickets. Although lotteries were common in the United States and some other countries during the 19th century, by the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in the U.S. and most of Europe as well as many other countries. This remained so until well after World War II. In the 1960s, casinos and lotteries began to re-appear throughout the world as a means for governments to raise revenue without raising taxes. Lotteries come in many formats. For example, the prize can be a fixed amount of cash or goods. In this format, there is risk t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sports Betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and cockfighting. It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammy Awards, the Oscars, and the Emmy Awards. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Many legal sportsbooks ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keno
Keno is a lottery-like gambling game often played at modern casinos, and also offered as a game in some lotteries. Players wager by choosing numbers ranging from 1 through (usually) 80. After all players make their wagers, 20 numbers (some variants draw fewer numbers) are drawn at random, either with a ball machine similar to ones used for lotteries and bingo, or with a random number generator. Each casino sets its own series of payouts, called "paytables". The player is paid based on how many numbers were chosen (either player selection, or the terminal picking the numbers), the number of matches out of those chosen, and the wager. There are a wide variety of keno paytables depending on the casino, usually with a larger "house edge" than other games, ranging from less than 4 percent to over 35 percent in online play, and 20-40% in in-person casinos. By way of comparison, the typical house edge for non-slot casino games is under 5%. History The word "keno" has French or La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slot Machine
A slot machine (American English), fruit machine (British English) or poker machine (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively as one-armed bandits because of the large mechanical levers affixed to the sides of early mechanical machines and the games' ability to empty players' pockets and wallets as thieves would. A slot machine's standard layout features a screen displaying three or more reels that "spin" when the game is activated. Some modern slot machines still include a lever as a skeuomorphic design trait to trigger play. However, the mechanics of early machines have been superseded by random number generators, and most are now operated using buttons and touchscreens. Slot machines include one or more currency detectors that validate the form of payment, whether coin, cash, voucher, or token. The machine pays out according to the pattern of symbols display ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
