Risk is almost a constant when you look at some of the most ambitious human endeavors in the past. So it’s no wonder that a look at the most advanced Nations in the world today is a makeup of countries that have time and time again tried to carry out groundbreaking projects. Like gambling with no deposit bonus, some generally like risk-free ventures. Others see opportunities with more risk as the most rewarding route to try out in nation-building.
While there are various factors that make a country venturous, for this list, we would be focusing on economic factors like ease of starting a business and the overall economic condition of each country brought about by risk-taking and innovative events. So, let’s dive right into it!
Germany has the fourth-largest economy in the world and the largest in Europe. Yet, with a population of about 83 million people, it has the smallest population among countries in the top 5. Meanwhile, having a large country doesn’t necessarily mean having a good economy. Germany has been able to propel itself into reckoning by focusing on human development, innovative technological discovery, and pace-setting economic policies.
The mixture of this and high business culture and friendly economic policies have made Germany what it is today. Some of the most innovative indigenous companies have benefited from this and made notable advancements globally. While Germany has a rich history of innovations in most spheres, the irony is that they are still a bit behind when it comes to transferring this innovative risk into others like gambling activities. Most online gambling is still unregulated with laws currently not addressing this issue. In 2008, the Interstate Treaty on Gambling (ISTG) was passed, which essentially banned all forms of gambling. In spite of this law, Germans still found a way around it. A loophole in the law states that while operating gambling businesses in Germany is banned, Germans can still try out online sports betting platforms if they are in the EU. This has led to a €4.2 billion online gambling industry from neighbouring EU countries.
United States of America
The United States has the biggest economy in the world, and it’s for obvious reasons. With a GDP of $21.43 trillion in 2020, no country even comes close. The American Dream has helped push the borders of creativity, with Silicon Valley known as the hub of great startups worldwide. A peep at some of the most impactful human inventions has traces of the United States all over it.
The USA is home to everyone, with about 42 million people living in the US who were born in other countries. Having a diverse population has greatly helped the United States get to where it is. Americans love gambling, and recent laws in the States are favourable to this behaviour. According to research by Global Industry Analysts Inc., the gambling industry in the US will be worth about $262 billion in 2021. There are also over 230 licensed betting companies in the US, and this does not include state-owned lottery companies. In another research, the figure of American adults who have gambled once in their lifestyle stands at a staggering 80%, showing how much they love risks.
Japan has been somewhat ignored when talks around world powerhouses are being discussed, probably because of its traditionally risk-averse culture. Still, there’s no denying that it has been at the forefront of some of the most venturous innovations in the world. If you are looking for more evidence of how great Japan is, you just have to look at the fact that it has the third-largest economy in the world. Not bad for a country that has stayed quiet in the global village. Japanese love to gamble with various indigenous games like:
- Sports Shinko Kuji,
- Keirin (bicycle racing).
While there are a few restrictions to gambling in Japan, Pachinko (slot machines) is a very popular scene on most streets. With the government of Japan taking a keen interest in administering casino resorts. In 2018, the Japanese government gave legal licenses for the creation of integrated casino resorts in Osaka, Yokohama, and Tokyo. Plans are also in place to extend this to other major cities. All of these inventions have influenced other innovations while also playing a huge part in shaping the world as we know it today.
With over 1.3 billion people, China is undoubtedly the biggest country in the world. Having moved from a 20th-century third-world country to a 21st-century powerhouse, China owes its success to the level of invention that people have contributed over the years. Ancient China was at the forefront of human civilization and contributed immensely to the modernized world of today.
Gambling law in China is a bit confusing because there are different laws for different regions. While gambling in Mainland China is a bit difficult, it’s a commonplace for Chinese people to go to neighbouring Macau just to gamble. The amount of risk taken to spend time on their favourite slot machine games or roulette shows how much they love gambling. There’s also the fact that most of the visits to Macau, which is a pure gambling haven, show how much the Chinese love to gamble. To have a clear picture of this, Macau generates close to $30 billion from gambling alone. Las Vegas, which is usually the reference point for gambling cities, generates about $6.9 billion.
The United Kingdom
Throughout the history of man, Britain has been directly responsible for some of the greatest innovations in the world. There’s no denying the fact that they are the best when it comes to inventing things. Though a relatively small nation, especially if you factor in the fact that it’s made up of other countries. The UK’s position as the sixth-largest economy in the world owes its root to how far they have influenced the world.
Gambling in the UK has always been legal but regulated. Nevertheless, the number of those joining keeps increasing on a year-to-year basis. With current laws taken to account for innovation in the gambling market, there has been a shift to remote gambling. Statista explains some interesting facts:
- In 2018, there were 36.6 million online (remote) gambling customer accounts at facilities licensed by the Gambling Commission in Great Britain.
- 33.6 million of the accounts were active, meaning that people used them to gamble in that year.
- If you consider that the UK population is about 66 million people, roughly 50% of the entire population has gambled at least once in the past year.
Russia is the largest country in the world when you are talking about landmass. And that abundance of land and natural resources has helped fuel the nation on its path towards recognition by its contribution to the world. Russia’s position as the 11th largest economy in the world does not truly represent its influence in the world.
While the Russian government has tried to place stiffer gambling laws, this has been met with widespread opposition majorly because gambling is a big part of Russian society. Casino gambling is allowed in some land-based designated zones. Bookmarking is fully operational, with the establishment of interactive betting in 2014. Online gambling transactions in Russia have to be conducted through a centralized system called TSUPIS.
France’s position as the seventh-largest economy in the world truly represents her status in the world. In contrast, most people would typically associate France with music, food, and art. Yet, gambling is very widespread in France even though it’s regulated. There are slot machines in most cities with luxurious gambling destinations all over:
- There are casino resorts in Lyon and Paris, with the “Palais de la Mediterranee” noted for its inventive design.
- There are also Poker events in France, with the Parisian Poker salon Aviation Club de France the preferred location for the World Poker Tour tournament each year.
- A popular racing track called the Longchamp is the betting front for Pari-Mutuel. The track is also the third-largest in the world, showing how much the French people love their games.
It’s hard to imagine modern life without these inventions. Inventing things requires a huge amount of venturous spirit, and the countries on this list have done their fair share in making that a possibility. Remembering what each country has done serves to create a sense of purpose and appreciation. Making a difference requires taking an immense risk, those countries are there because they were willing to take that risk.