Keeping the Gambling Act which was passed in 2003 and relevant regulations of gambling (classes 1 & 2) in mind, you don’t need a licence to conduct a lottery, , game of odds, prize competition or instant games provided the combined prize money does not exceed $5000. The Act defines the activities as such in the following manner.Blackjack and many more. This is a simple guide to understand this betting system when you engage in these casino games. So sit back, relax and read on!Lotteries

A lottery can be defined as a gamble that chooses random picks to decide a winner among all the participants of the game. Lottos, as well as Raffles, are examples of lotteries.

How The 1-3-2-6 Betting System Works

Reward Competitions

This betting system is easy to understand. As stated earlier, you can use this betting system whenever an even-money bet is placed. To further explain how this betting mechanism works, an example would do the trick.

A reward competition differs from a lottery in the sense that it needs its players to exercise their judgement combined with refined skills to win it.

First, play a casino game with an even-money bet. You can place an even/odd or a red/black bet, which is even-money bets in Roulette casino gameGames of Odds. Let’s say you place a red/black bet of $10 (i.e. one unit) and you win, you will then earn $20 (i.e. an extra $10 plus your bet of $10). Now you have to place yet another $10 bet, only this time it is added to the $20 earned.  This means that you will have $30 placed on the Roulette table.

A game of odds is a gamble that excludes games like lotteries, reward competitions, quick-play games or gambling at a casino.

Now at this point, the three (3) in the 1-3-2-6 Betting System takes effect. The three (3) is actually a 3x stake multiplier. If you are victorious with the subsequent $30 even-money bet, you will earn an extra $30 and walk away with $60.

Quick-play Games

Next, you move to the two (2) and what this means is that two units should be left on the Roulette table. In other words, you need to keep $20 (i.e. two $10 bets represent two units). So you need to take out $40 from the table and leave behind $20 on the Roulette table. In a situation that the $20 even-money bet emerges victorious, you will earn an extra $20 leaving you with a total of $40 on the Roulette table.

A quick-play game is a gamble the winner is chosen and determined on the basis of pure luck and no other consideration. For games to be categorized as gambling under the Gambling law, the payment must pass from a participant to the organiser.

Finally, if six (6) units are needed on the Roulette table, then, it means that an extra $20 would need to be added to the $40 now on the table. Remember that your initial unit is $10, so six (6) units would be the $10 multiplied by six (6) to give $60. With $60 on the table and placing an even-money red/black bet which results in a  win will earn you an additional $60 and you will have $120 in total on the table.

Rules of Class One Gambling

It is advisable that you take this amount with you and walk away with it. You can start off a new round of Roulette by placing another $10 and following the process all over again.

Class 1 type of gambling can be conducted in an individual capacity as well as by society. But the prizes and turnover cannot exceed $500. Only one session of this type of gambling can be paid per day and no brokerage-type remuneration is allowed to be paid.

Why You Should Try 1-3-2-6 Betting System?

If a casino is operated by individuals, all the gambling revenue minus the costs must be used to award the champions of the gamble. If the gamble is conducted by societies, the total revenue must be applied only to authentic and majority-driven purposes.

There are some salient reasons why you should try it the 1-3-2-6 Betting System. Some of these reasons include:

Rules of Class Two Gambling

• This betting system only requires four (4) steps, so it is easy to understand.Prizes in this class can increase up to $500 but cannot exceed $5000. Also, the revenue generation of the gamble has to exceed $500 but should be less than $25000.
• You can use this betting system in many casino games.Individuals are not allowed to conduct gambling and only societies, be it corporate or other societies are allowed to conduct this class of gamble. The net proceeds must be applied only to authorised purposes while no brokerage-like remuneration can be paid.
• In truth, casinos really do not mind whether you use this betting system or not as they win over time.The organisers of class 2 gambling must familiarise themselves with section 25 (requirements) of the Gambling Act enacted in 2003, which also highlights a number of card reading machine requirements for the sale of tickets and entry forms when gambling formats are conducted at this level.
• The risk involved in the 1-3-2-6 Betting System is minimal for even-money bets placed on casino games for both land-based and online casinos. Players would require just two (2) units in order to utilise this betting system. Rules of Class 3 Gambling
• If you are fortunate to win a total of two hands back-to-back, you will still walk away with what you placed as bets at the end of the day.Prizes in this type exceed $5000 in one session and thus, a licence is needed from the Department of Internal Affairs.
  

The brokerage or associated remuneration

In Summary

The Gambling Act legislated in 2003 stipulates that no brokerage should be paid to or received by any person for conducting the gamble for game types of classes 1 and 2. If the gamble is conducted by a society, except the authorised representative of the society, no other person is to be offered or paid any remuneration for conducting the gamble.

The 1-3-2-6 Betting System Banned Prizesis fun to try out and you can use this betting system for a variety of casino games without any issues provided the casino games allow for even-money bets.

The Gambling Act rules list many forbidden prized including liquor, tobacco products and firearms, which should be followed when running a gambling activity. For a complete list of banned prizes, please go to the New Zealand Law website. Game Rules