Wetting| Gold99
Wetting is a popular gambling game. Gamblers bet on two out of 36 numbers on little chips in bottle. People bet small amounts of money up to three times a day. When Joseph Estrada was president money from the game was controlled by operators who funneled money up to Estrada.
Bingo in the Philippines
Bingo is very big in the Philippines. It is played in Megamalls and community centers across the country. Airlines and restaurants offer their verison of the game to win customers. Some restaurants give customers cards and a stamp after every meal. If they make a bingo on their card with the stamps they get a free meal. In 1999, government-authorized games pulled in 500 million pesos.
A typical bingo player in the Philippines heads to a game hall at a large mall a couple times a week and wagers between $5 and $10 hoping that randomly selected numbers will match up with the numbers on his her card, and hoping to hit the jackpot.
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Largest stock scandal ever
Pilipino Bingo was owned by a company called BW Resources. President Estrada was accused of profiting from trading stock for BW Resources, which shot up 5,000 percent and dropped just a quickly and triggered the Philippines’ largest stock scandal ever and almost caused the closure or the Philippines stock market.
Jueteng
Jueteng (pronounced hwe-teng) is an illegal numbers game played in the Philippines. According to Kubrador of Bet Collector: “ Jueteng originated from China and means “flower” (jue) and “bet” (teng). Although illegal, it is a widely popular game with participation that crosses most, if not all social and economic boundaries, played by rich and poor alike. With long odds and no limits on minimum or maximum bets, the lure of quick riches through a lucrative payout is by far its strongest appeal.
The game relies heavily on having a large number of wagers, and there is no limit to the amount of the bet(s). Usually the gambler selects two numbers from 1 through 37, and the winning number is determined by selecting a pair of numbers from two sets of 37 numbered balls. Thus the theoretical odds of winning on any one play are one in 37 X 37 or 1/1369 with payout of 1:800. This is unlike the numbers games in the U.S. during the early part of the 20th century, where the last digit of the winning pay out or the number of the winning horse for three consecutive races determined the winning combination.
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Haste makes waste
Although much has been done to curtail or eradicate this form of unregulated gambling by government and community leaders, it appears that such efforts have fallen by the wayside due to its vast popularity, and the poverty which cripples the country. Ironically, in the 80s, the Philippine Charity Sweepstakes Office (PCSO) once sanctioned and operated a similar game, called “Small Town Lottery,” which spawned the popularity of the game.
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