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Many online poker newbies struggle to learn from their mistakes, which often costs them their whole stack. In reality, most blunders lose the player the pot. Many beginners fail to account for the lost pot, and hence fail to assess the seriousness of their blunders.

Beginners who fail to learn from their errors end up paying the price. The decisions made at the table can assist or hurt you. Take action today to resolve these issues.

Starting with a mediocre hard

Don’t start off on the wrong foot. A terrible hand in a pot guarantees a bad result. To avoid ‘luck’, make sure you always have a purpose to play a hand. Check read our post on starting hand selection to get the greatest start.

Betting the pot or not

One of the major benefits of playing online poker is that you can see the pot value as you play, so take use of it. You will lose money if you keep betting improper amounts, so learn about bet sizing in online poker to minimize losses.

Assisting your foe

If you have the better hand, don’t be scared to gamble big. It’s futile to bluff your opponent with a lesser wager, especially if they call. Make aggressive bets when appropriate, and don’t let your competition steal the pot.

Leaving aside your position

Many beginners overlook their position, which has a significant impact on their hand. You will lose if you ignore your position. Always assess your table location and fold only when required. Remember that the later you are in the game, the more knowledge you have from the players before you.

Ignoring the other players’ styles

If your opponent has a tight playing style, they may have a powerful hand when they raise, so carefully assess the circumstances before entering a pot with them.

Not considering your personal playing style

During every session, be mindful of how other players view your own playing style and take advantage of the circumstance. If you play loose, they may call you more often with a variety of hands.

Taking odds out

When making a call, consider the probabilities. Even if you don’t have the pot odds, you shouldn’t make that call without implied odds. You keep losing money and making mistakes if you keep making wrong calls. Don’t make judgments based on hunches. Be sensible.

Inattention to the table

Keep an eye on the table and pay attention when your opponents play since poker is primarily a jigsaw puzzle. When you are out of a hand, watch your opponents’ moves to maximize your gains.

A tilt is the best way to make players lose chips rapidly. If you lose your zen while playing, it is better to take a break from the table and calm down. We guarantee it. So will your wallet.

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Located on Africa’s west coast, Angola is bordered by the Atlantic Ocean to the west, the Congo to the north, Zambia to the east, and Namibia to the south. The country’s borders are marked by the Atlantic Ocean, the Congo, Zambia, and Namibia. Despite the fact that Angola represents a potential market for gaming enterprises, the country just gained independence from Portugal on November 11, 1975, after over 500 years of Portuguese rule.

But in the nation, gambling is legal and subject to a set of rules intended to maintain some kind of control over the sector. New gambling law was enacted by the Angolan government in 2016, with the goal of regulating casinos, lotteries, and internet gambling. However, the Institute for Supervision of Games (Instituto de Supervisao de jogos) is the regulatory body in charge of land-based activities in Angola. It was established in 2015 to replace the National Lotteries Company of Angola, which had been in charge of all permitted gambling games in the country up until that point. Current legislation and regulations governing the legal operation of the internet gambling industry are overseen by the same authority. Beyond its oversight role, this agency is the official entity responsible for issuing licenses to all Angolan casinos, sports books (or other sorts of gambling providers), and internet bookies (betting exchanges).

Angola’s online sports betting market and markets in Angola

As far as we can tell, the Gambling Activities Law (GAL, Law) and its regulating acts, as well as the Decree 39-K/92, make the operation of online sports betting operators in Kazakhstan legitimate. Online sport betting, on the other hand, is still in its early stages in Angola, with the Empresa Nacional de Loterias de Angola serving as the country’s primary betting supplier. As a result, there are a large number of offshore internet betting operators on which bettors in the nation may place wagers since there are no clear-cut rules in the country that restrict offshore online gambling. For example, the online sports betting operator 1XBET, which is situated in Cyprus, is one of the online betting platforms that accepts bettors from Angola. Another option is 888 Sport and 22BET, both of which provide a large choice of betting markets to players in Angola, among other things. Aside from that, land-based casino games such as blackjack, poker, and bingo are permitted in Angola.

Angola features five land-based casinos that include table games as well as slot machines. The majority of the casinos are situated in Luanda, the country’s capital city, with the remaining casinos located in Cabinda, Lubango, and Benguela provinces. In spite of this, casino games continue to be the most popular type of gambling in the nation since there are casinos in almost every city in the country. Indeed, the high rate of online sports betting is expanding in the nation, which is a result of the growth of infrastructure and technological advancements. The internet statistics for the nation show that in 2019, 30,000 users and 22.3 percent of the whole population will be online, and by the end of 2020, it is expected to have increased to 25 percent of the entire population.

Internet World Stats has determined this. Furthermore, as previously noted, there has been a recorded instance of offshore online sportsbooks betting platforms accepting wagers from players from Angola; however, the majority of winners are paid out through e-wallet accounts, and deposits are processed in the same manner as winnings. Angola, on the other hand, is unquestionably a significant market for the online gaming industry.

Indicator of economic and human development in Angola (HDI).

Angola, on the other hand, is one of the fastest growing economies in Africa, with GDP growth of 2.1 percent in 2018, and the country is currently ranked 7th in Africa in terms of nominal GDP (after Nigeria, with 18.13 percent, South Africa, 15.13 percent, Egypt, with 12.21 percent, Algeria with 7.49 percent, Morocco, with 4.94 percent, Kenya, with 4.94 percent, while Angola stood at 3.76 percent as of 2019 statistics, according to Wikipeedia. )

With its abundant oil and diamond resources, Angola has enormous economic potential and is recognized as one of the continent’s top crude oil producers, a position that it has maintained since independence in 1975. Indeed, the obstacles of human development are on the rise, and the downside of the economic boom is also on the horizon. According to a 2018 United Nations study, the country’s HDI (Human Development Index) from 1990 to 2017 is 0.581, placing it in the middle of the pack of 189 nations, at 147th place overall.

The Angolan government, on the other hand, has made significant efforts to better the lives of its citizens via a variety of employment programs, economic cooperation agreements, and the amendment of gaming regulations. Even though Angola is well-positioned for foreign capital and investment in the gaming space, and while it is past time for the country to begin tapping into this lucrative market, recent gambling reforms in the country have seen a new bill passed, and the subsequent strike of casino business, online sports betting, and wagering will potentially turn the country into a major sub-Saharan gaming and entertainment hub in the next few years.

Over the past few of years, the Nigerian sports betting sector has progressed from an underground phenomenon to a mainstream enterprise, a development that is also being seen in Ghana. As sports betting has grown in popularity, it has drawn the attention of investors and entrepreneurs from all around the globe.

Many people have discovered a gold mine in Nigeria and are quickly expanding their operations, with mind-boggling amounts being thrown about. While it may come as Slotroma a surprise that the Nigerian Federal Inland Revenue Service (FIRS) levied a 7.5 percent tax on Value-Added Tax (VAT) on betting activities in the country, when you factor in the 3 percent tax levied by the National Lottery Regulatory Commission (NLRC) on gross gaming revenue (GGR), the total tax levied in the country is 10.5 percent. This is nevertheless regarded to be a modest rate of taxation when compared to Ghana’s 18.5 percent tax rate.

This recently imposed levy in Nigeria and Ghana has proven to be a source of contention among parties. However, the sector continues to see significant development and has developed into a significant source of revenue for the government, as well as a source of employment and opportunity for ordinary Nigerians and Ghanaians. The government must carefully develop a regulatory framework that takes into account the interests of both investors and players. We have seen that regulatory bodies inside the gambling business are competing for relevance, which may endanger the industry’s long-term viability and development.

A study of Value Added Tax (VAT) in selected nations in West Africa (Nigeria and Ghana) has been compiled by Velex Advisory to aid in the knowledge of industry players.

Value-added tax (VAT) is a levy on goods and services that is collected in stages by businesses. It is a broad-based tax that is often intended to cover the majority of products and services, if not all of them. The only amount that producers must pay the government is a tax on their sales that is more than the tax they must pay the government on their purchases used for intermediate consumption or capital creation. In most cases, VAT is not levied on sales to non-residents (that is, on exports) (definition by OECD).

JURISDICTION FOR NIGERIAN VALUE ADDED TAXES (FIRS VIEW)

In accordance with the Value Added Tax Act Cap V1, LFN 2004 (as modified), VAT is a consumption tax paid when products are bought and services are provided, with the ultimate consumer bearing the burden of the multi-stage taxation system. While all products and services (whether produced inside the nation or imported into the country) are taxed, with the exception of those expressly exempted by the VAT Act, it is important to remember that the current rate in Nigeria is 7.5 percent.

CASE STUDY OF THE GHANA VALUE ADDED TAX JURISDICTION (GRA VIEW)

The Ghana Value Added Tax (VAT) is regulated by the VALUE ADDED TAX ACT 2013, which translates as follows: Value Added Tax (VAT) is a tax levied on products and services based on the value added at each step of the production and distribution chain. VALUE ADDED TAX ACT 2013 It is included in the final price that the customer pays for the products or services that he or she purchases. The typical VAT rates vary from 12.5 percent to 17.5 percent. The following are additional levies: When comparing, the Standard Rate of Value Added Tax (VAT) is 12.5 percent. Ghana Education Trust Fund (GETFund) = 2.5 percent of GDP, whereas the National Health Insurance Charge (NHIL) = 2.5 percent of GDP (this levy does not qualify for input tax deduction) (this levy is not subjected to input tax deduction).

The COVID-19 Health Recovery Levy (COVID-19 HRL) is one percent of the total COVID-19 budget (this levy is not subjected to input tax deduction).

The Imposition of VAT on Sports Betting Applications in the U.S.

NIGERIA

Following an examination of the VAT rates in both nations, we can conclude that both countries use the same technique of collecting value-added tax on products and services. We, on the other hand, are skeptical of the newly imposed 7.5 percent VAT on GGR (Gross Gaming Revenue) for sports betting businesses in Nigeria, which we believe is excessive. A clerical example was given in a case at the Tax Appeal Tribunal decision of the court case of Tourist Company of Nigeria PLC versus Federal Inland Revenue Service on the 17th day of February, 2021, in which the court case was decided. The difference between stakes and wins is used to calculate the value-added tax on gross gaming revenue (GGR); VAT may only be imposed on the excess of stakes over winnings. Otherwise, it is negative since the stakes are inclusive of VAT. As a result, betting businesses are saddled with VAT in order to maintain their competitiveness. The Federal Inland Revenue Service (FIRS) receives 7.5 percent of gross receipts (FIRS).