With Alberta's average housing price leaping 35 per cent in the past year, it's not surprising that one in four Western Canadians are willing to risk doubling their mortgage - or earn mortgage freedom - in a single hand of poker, according to a national survey by online poker site PokerRoom.com. In Ontario, exactly half of those surveyed said they would take the opportunity to wipe out their credit card - or see it doubled - in a double-or-nothing poker hand.
The national survey conducted by research firm Synovate gauged the risk tolerance of more than a thousand Canadian adults. The survey revealed that Canadians lose their inhibitions the further west you travel. On a scale of 1 to 10, with one being the least risky and 10 the most, Quebecers and Atlantic Canadians said they were the least willing to take risks in life, while British Columbians and Western Canadians (Manitoba, Saskatchewan and Alberta) said they were the most willing. Most Canadians, 21 per cent, ranked themselves as a "five" on their willingness to take risks, while the next highest rating was a "seven" (18 per cent).
"Canadians are often seen as conservative and cautious, but many have a sensation-seeking side," said Glenn Cademartori, North American spokesperson for PokerRoom.com. "Canadians relish a little thrill and entertainment, including risking their mortgage or credit card debt in a winner-take-all hand of poker. For many, it's a dream to be debt free, but if you ever had the opportunity to go 'double or nothing', how many people would actually take that risk?"
In fact, when asked to choose which financial burden they would be willing to risk in a double-or-nothing single hand of poker, 45 per cent of Canadians said their credit card debt, 18 per cent said their mortgage, 18 per cent said income taxes, 13 per cent said personal or student loan and seven per cent said car loan or lease.
Amongst the other findings:
Machismo may be a factor in Canadians' risk tolerance. Only 14 per cent of Canadian men, compared to 33 per cent of women, considered themselves among the low end of the risk scale, or least willing to take risks in life.
The exuberance of youth: more than 37 per cent of those 18-34 years old gave themselves a rating of seven or higher on their willingness to take risks in life, while only 20 per cent of those more than 55 years old gave themselves a similar rating.
Wealth, or lack of it, appears to make some Canadians more cautious than others. More than one in three Canadians with household incomes of more than $ 75K placed themselves among the top end of the risk-taking scale, but only about one in four with household incomes of less than $ 25K classified themselves in the higher risk categories.
"Canadians take risks everyday: crossing the street, switching jobs, competing in sports or playing online poker. Each has an element of risk," said Cademartori. "The key to avoiding a letdown is to assess and then manage that risk. And Canadians are clearly smart risk takers: they are often among the top winners at PokerRoom.com online tournaments."
PokerRoom.com is the world's third largest online poker site with approximately six million players in nearly 150 countries. Initiated by two students with a passion for poker, PokerRoom.com now offers one of the safest and most entertaining online gaming experiences available, and has won numerous industry awards for its premium-quality graphics and ease of use.
About the Survey
The survey was conducted on behalf of PokerRoom.com by Synovate's eNation Panel from 5-9 January 2006. The panel questioned 1,027 randomly selected Canadian adults over 18 years old. With a sample size of a thousand interviewees, the error range of the survey data is +/-3.2 percentage points, 19 times out of 20.
About PokerRoom.com
PokerRoom.com offers high quality poker and casino games to customers around the world. Attractive and reliable games and related services, coupled with sophisticated design and a high level of service, have made PokerRoom.com one of the most reputable sites in the industry. PokerRoom.com is a brand of betandwin, one of the world's leading providers of online gaming entertainment. Further information about PokerRoom.com can be found on the Internet at www.PokerRoom.com.
The betandwin Group has over 10 million registered customers (including 7 million "play money" customers) in over 20 core target markets. Operating under international and regional licences in countries like Gibraltar, Kahnawake (Canada), Belize and Germany, Italy, Mexico, Austria and the United Kingdom, the Group has set itself the goal of becoming the number one address for sports betting, games and entertainment via digital distribution channels. The Group offers sports betting, poker, casino games and soft games. The parent company BETandWIN.com Interactive Entertainment AG has been listed on the Vienna Stock Exchange since March 2000 (ID code "BWIN", Reuters ID code "BWIN.VI"). Further information about the company can be found on its investor relations website at www.betandwin.ag.
For further information: or additional survey data, please contact Daniela Gentile or Martha Linton at Cohn & Wolfe, Tel: (416) 924-5700 or by e-mail at daniela_gentile@ca.cohnwolfe.com
In addition to online casino news hot off the presses, OCN shows you the best first deposit bonuses at the best online casinos on the web. We've spared you the search by putting together a list of the latest and greatest first deposit bonuses around. So, all you have to do is click and enjoy!
| Name | First Deposit |
|---|
| 100% match upto $200 |
| 100% up to $1,000 |
| up to 350$ |
| 100% up to 200$ |
| 500$ |
| 100% up to $377 |
| 300% uo to 300€ |
Most Recommended Casino Books
Club Vegas USA is latest online casino Powered by Rival to be released. Rival is one of the up and c...
Reuters reported recently that the United States is not worried about having to pay $100 billion in ...
The release of a new game is always a special event in the gambling industry, but when Microgaming, ...
The sixth annual European i-Gaming Congress and Expo got underway at the spacious Barcelona Diagonal...
The United States government released proposed guidelines for the Unlawful Internet Gambling Enforce...
On October 1, 2007 the Federal Reserve and the Department of the Treasury released their joint repor...
Although the passage of the UIGEA last year made it difficult for American players to gamble online,...
Are the new lax gambling laws causing more and more Britons to be under the sway of compulsive gambl...
You may have a surprise in your Full Tilt Poker Account today! After recent allegations that bots we...
Coming off a 26th-place finish at the World Series of Poker, Rancho Mirage's Roy Winston won the Bor...
But the Gloucester Township homemaker never expected another fight -- this time with bureaucrats -- ...
It should come as a surprise to no one that charity-poker games have emerged in recent years as an i...
Spurred by the three-month success of high stakes poker, the Naples-Fort Myers Greyhound Track’s pok...
Online Casino Group Betfair has announced that it has boosted its IT energy efficiency to support it...
Rumors have been circulating for a while now about the future of 32Red.com and its Gibraltar-based B...
CryptoLogic has announced that they have received exclusive rights to make slots and other casino ga...
Since the beginning of the U.S. Presidents first term, the Bush administration has been trying to ke...
The coastal casino in the State of Mississippi have had a diffilcutl few years, yet it seems that th...
Her Majesty Queen Elizabeth II recently found that not only was she one of the most richest women in...
It seems that there is no limit to how low some online casinos can go in order to secure a profit. V...
After a 10-month investigation into the slimy world of Internet "casinos or sports books", Americas ...
It looks like the team behind Online-Casinos.com want to make their online casino portal a fun place...
Positive Experience Begins Even Before Guests Step Out of Their Cars at Harrah's, St. Louis Casino &...
Penghu, a set of islets off Taiwan, is trying to be the next Macao by building a casino town to lure...
The battles against the draconian UIGEA seems to be gaining momentum in the world courts. Here are t...
The Online Casino industry has experienced the worst setback that it ever has since UIGEA. However, ...
The recent British Online Gambling Act has sent the online casino industry into a flurry of exciteme...
As agreed by all interested parties, the hearing that was to take place on the issue of repealing th...
eCOGRA, the world's Internet Pilce Officer, has announced that it approves of the measures taken in ...
Playtech has announced that its Cheif Financial Officer, Shuki Barak, is leaving the group. ...
The Gambling Act is the first peice of legislation that has been passed in the UK about gambling. Wh...
Have you committed a crime in order to pay gambling debts? When you gamble, do you go back another d...
America’s Attorney General Alberto Gonzales has at long last bowed to pressure and has resigned from...
As of today, online gambling in the United Kingdom, as well as advertising from online casino operat...
PartyGaming PartyGaming published their first-half interim results this week, reporting an expected ...
In papers filed today, the US District Court of New Jersey, Trenton Division, has granted a motion o...
Malta is the next online casino superpower, it seems. Here is the storty how a little country draws ...
For some addicts, a casino can be the root of all evils. For others, a fix can come from visiting th...
The new piece of legislation banning advertisements in the UK has caused some stir in the online gam...
| Name | Payout | |
|---|---|---|
 |
Club Vegas USA | 99%
|
 |
||
 |
Club USA Casino | 97.5%
|
|
||
 |
Lucky18 Casino | 98%
|
|
||
 |
Rushmore Casino | 97.2%
|
|
||
 |
Cherry Red Casino | 99%
|
|
||
 |
Las Vegas USA | 97.33%
|
|
||
 |
LuckyAce Casino | 98.3%
|
|
||
Online Casino News - news
from the world of
online casinos RSS Feed.
The OCN directory is currently in development and will be available soon. If you are interested in adding a link, just click on the “Add Link” button. Thanks for your patience.
You do not need prior permission to link to any of the pages on this site. Limited copyright is granted for you to use and/or republish any of the articles on this site for any legitimate media purpose as long as you reference OCN as the source, and include a link referring the reader to the OCN site.