Day: May 3, 2025

Gambling Blog

The Hongkong Prize

May 3, 2025 by riminiinnovationsquare

The Hongkong Prize is a lottery that offers a jackpot prize of HK$100 million. Proceeds from the bets are deducted from the prize fund and used for various taxes and causes. The winning numbers are announced every Friday at a public ceremony. The first-place winner gets a cash prize of HK$10 million, the second place winner a hefty HK$7.8 million and the third place winner a smaller HK$3 million prize. The rest of the money goes to a variety of charities and institutions, including schools, sports teams, medical services, etc.

The prizes were established in memory of the late Mr Sung Chi-Wing and Mrs Cheng Pui-Lan by their family and friends, to encourage Hong Kong students to study Hongkong history, which is a subject that has become increasingly popular. The competition is held annually and is sponsored by the Hongkong Jockey Club (HKJC). The contest is supervised by employees of HKJC’s security and customer service departments, who carefully check and test all materials involved in the draw, from boxing to transport, on a daily basis. The balls are also weighed and examined by X-ray on a regular basis and the draw machine is locked after each drawing. The same set of balls are not used for two consecutive draws.

Besides the grand prize, the finalists are awarded merit awards for their written reports and face-to-face interviews. The judging criteria include relevance of the theme, systematic use of collected materials, objectiveness of analysis and the citation of bibliography and footnotes.

In the past 20 years, the hongkong prize has attracted many young researchers and students to pursue research in Hong Kong. Currently, there are ten award fields, covering a wide range of scientific disciplines. The winners are selected through a review process by the panel of judges, comprising distinguished scholars and experts from the community. Each winner will receive a monetary award, a certificate and a trophy.

Hongkong’s scientists are a force to be reckoned with in the global arena. They are renowned for their cutting-edge discoveries, which can transform our lives in different ways. They are the pillars of our future economy, and it is essential to support them so that they can continue to drive innovation in Hong Kong.

This year, the BOCHK Science and Technology Innovation Prize 2023 was presented to five outstanding scientists in their respective fields – Artificial Intelligence and Robotics, Life and Health, New Materials and New Energy, Advanced Manufacturing and FinTech. This award has enhanced the status of Hong Kong as a scientific hub further, and has attracted attention in the Mainland and even worldwide. We are pleased to have the honour of sponsoring this prestigious prize. We look forward to a successful future for this prize in the years to come.

Gambling Blog

The House Edge in Roulette is Not proportional to the Payouts

May 3, 2025 by riminiinnovationsquare

Roulette has offered glamour, mystery and excitement to casino-goers since the 17th century, but this popular game can also be a drain on your wallet. The reason is that unlike most table games, the house edge in roulette is not proportional to the payouts. The house edge is based on the fact that there are 38 numbers (1 to 36, plus 0 and 00) while the number of combinations is limited to 37 or 38. This is why you should understand the odds and payouts of all bet types before you begin playing.

Roulette is a wheel-based game that has been in existence for over 300 years. It has been derived from the older French games hoca and portique. The modern roulette game is played on a wheel with numbered compartments and one or two zeroes, and the bets can be placed on single numbers, various groupings of numbers, red or black, odd or even, or high or low.

To play, a player puts chips on the table, indicating his or her desired bet. The dealer then spins the wheel and rolls a small ball into a section of the wheel. The ball then bounces around the wheel until it settles in one of the compartments containing a number. The player who has bet on that number wins. There are numerous fanciful stories about the origin of roulette, including that it was invented by the 17th-century French mathematician Blaise Pascal and by a Dominican monk.

Once the ball has stopped spinning, the dealer pays the winners and clears the table. Players then place their bets for the next round. Before the ball is spun, the dealer often announces “no more bets!” To prevent late bets, players should wait until they hear this announcement and have the opportunity to move their chips to the correct position.

When it comes to betting, it is recommended that you start with outside bets (groupings of numbers). These have a lower house edge and offer higher payouts. Once you have a feel for the game, you can try inside bets, but they are much more risky and should only be used as an alternative to outside bets.

You don’t use normal casino chips when playing roulette, instead the dealers give you coloured roulette chips that represent your buy-in value. These are a convenient way for the dealer to keep track of your bets and separate your winnings from your losing bets. You can exchange your chips for regular casino chips at any time. If you wish to leave the table between spins, you can do so by placing your money on the table and asking for “colour”. The dealer will then give you chips that have a value equal to your buy-in.