Also Interesting
Ontario sports betting market flourishing; other provinces closely monitoring
If you reside in Ontario, it has been difficult to avoid mentioning sports betting. You’ve probably seen the advertisements and heard the hoopla since the province opened its regulated online gambling market a year ago, and at this point you know how to participate.
In 2021, Canada legalized single-event sports betting, but Ontario was the first province to implement a regulated sports betting system that would enable numerous operators to offer legitimate, online sports gambling services. Numerous Ontarians are enthralled by this more open world of sports betting, and as a result, more than twenty organizations are competing for this sports-related niche of the larger provincial online gambling industry.
However, as the product offerings develop and the market matures, industry analysts and operators predict more changes for sports betting in Canada in the near future.
High revenue
After a year, the Ontario government still seems pleased with the health of the regulated online gaming sector, which has operators providing sports betting services along with casino and poker activities as well as top betting apps. According to a Ministry of the Attorney General spokesperson, Ontario’s “safe, legal, and competitive online gaming market” fosters business possibilities, safeguards consumers, and generates income that “helps pay for government priorities.”
The first, second, and third quarters of the first year of the online gambling sector each saw billions of dollars in bets placed, according to data from iGaming Ontario (iGO), a division of the Alcohol and Gaming Commission of Ontario. The public does not yet have access to fourth-quarter statistics.
However, the percentage of these wagers that are solely from sports betting is not broken down in these totals. The Ontario Lottery and Gaming Corporation (OLG), which keeps track of its own sports betting transactions, is not included in these totals either. In its annual report for 2021–2022, it states that OLG’s PROLINE+ brand handled $1 million in bets just days after single-event betting became available, months before the opening of the broader regulated market.
Other provinces are closely monitoring the Ontario market
Other provincial governments are interested in learning from Ontario’s experience, notably Alberta, which has just one legal gambling website operating right now.
The communications manager for Alberta Gaming, Liquor and Cannabis (AGLC), Karin Campbell, told CBC News that PlayAlberta.ca “has witnessed tremendous growth since launching its sports offering” a year and a half ago. She attributed this to the associated betting activities as well as newly accessible online lottery services.
The regulator, according to Campbell, is “supporting the successful and legal implementation of an expanded sports betting market” and is closely watching Ontario’s market developments.
Single-event sports betting is also attracting many customers on PlayNow.com, British Columbia’s only legal, regulated gambling website, in which punters placed $170 million on sports wagers in the first year of legalized online gambling.
The bulk of sports wagers on the site are single-event bets, according to Matt Lee, a spokesperson for the British Columbia Lottery Corporation. Lee stated that the lottery organization “continues to evaluate what sports-betting experiences” may be provided in the future given the interest in these services.
The Atlantic Lottery Corporation is the sole authorized supplier of single-event sports betting in Atlantic Canada. Greg Weston, the spokesperson for the institution, stated that “sales have been strong since the option became available.”
As time goes on, Peter Czegledy, a partner at Toronto’s Aird & Berlis LLP and the head of its gaming division, believes that “Ontario will not be alone” in enabling private operators to compete with long-established government operators in online gambling, including sports betting. But he said that the strategy can vary depending on the jurisdiction.
The journey ahead
Some industry observers predict that over time, there will be fewer enterprises competing in Ontario’s market.
A core number of large enterprises will ultimately emerge, according to Michael Naraine, an associate professor in Brock University’s Department of Sport Management in St. Catharines, Ontario. He anticipates that there will be some consolidation and some failures.
Naraine predicted that there will eventually be seven or eight significant firms, citing Coolbet’s recent exit as evidence that the market’s current composition would not be long-term viable.
According to Czegledy, it’s conceivable that additional operators will enter and leave the Ontario market in the future. Nevertheless, according to him, a more pertinent query is “what categories of operators have or have not undergone regulation, and what proportion of the market they make up”. He concluded that, according to those metrics, Ontario has done well thus far.
Also Interesting
Understanding Slot RTP and Variance: Which Slot Game Is Right for You?
When it comes to playing slots, luck plays a huge role, but there’s more to winning than just spinning the wheels. Checking the variance and RTP of a slot game beforehand can help you find one that matches your style and strategy. Whether you’re a casual player or chasing a jackpot, understanding these factors can improve your experience. For Canadian players looking to try their luck, Tenexcasino.com is a top choice among crypto casino sites, offering a great platform to explore these games.
What is RTP?
RTP or Return to Player shows how much of the money you bet goes back to you over time. It also shows you the “house edge,” or how much of your money goes to the casino over the same period. If a slot has an RTP of 90%, 90 cents of every dollar you bet goes back to you. The remaining 10 cents is the “house edge” or the profit the casino will likely make.
RTP is measured over time and doesn’t tell you what will happen with each spin. But it can tell you which slot games to pick if you want to minimize risk.
What Is Slot Variance?
Variance also shows the risk of playing each slot game. But unlike RTP, it determines how often you can expect to win and the average size of each payout. Will you see small, frequent wins or rare but potentially huge payouts?
Depending on your preference and budget, you can opt for low, medium, or high-variance slots. Low-variance slots offer frequent but smaller payouts, medium-variance slots provide a mix of frequent smaller wins and occasional bigger winnings, and high-variance slots give rare but significant payouts.
What’s the Right Type of Right Slot Game for Me?
Variance and RTP can help you select the slot games that suit your style and the risk you’re
willing to take.
High RTP Slot Games
High RTP games are an ideal choice if you’re on a small budget. They will give you the best chance to build your bankroll and get more from your investment. You should look for games with at least 97% RTP, like Mega Joker (99%), Codex of Fortune (98%), and Starmania (97.87%).
While these games ensure you get more of your money back in the long term, they won’t necessarily help you maintain your bankroll. If that’s what you’re looking for, you should ensure the slots also have low variance.
Low Variance Slots
Low-variance slots are a perfect choice if you’re looking for steady gameplay with minimal risk. They allow you to play longer without large swings in your balance. But it’s not without its thrill.
If you like frequent wins, these games certainly keep the excitement alive. Some of our favorite low-variance games are Starburst, Jack Hammer, and Blood Suckers.
Medium-Variance Slots
These are a sweet spot. Medium-variance slots are perfect if you want steady payouts with the occasional thrill of big wins. They allow you to avoid the risk of high-variance slots while enjoying some of the excitement. Temple of Iris, Wolf Gold, and Golden Winner are great medium-variance slots worth checking out.
High-variance Slots
High-variance games are your best bet if you dream of hitting the jackpot. The risk is undoubtedly high, but you can win a massive payout. However, these slots may not be the best choice for prolonged gaming sessions. They can, however, provide convenient and enjoyable entertainment when traveling or during your lunch breaks.
High variance slots often include progressive jackpots. Some of our favorite high-variance slots include Rome: The Golden Age, Twin Spin Megaways, and Jack in a Pot.
Having a healthy bankroll is necessary here. But even more so, you need patience. You may go through several spins without a win, but the payout can be significant when you do win.
Also Interesting
The Role of Satellite Imagery in Developing VRA Prescription Maps
Since its appearance in the 1980s, precision agriculture has revolutionized farming, offering innovative solutions to age-old challenges. One of those is Variable rate technology (VRT), which plays a key role in improving efficiency and sustainability in today’s farming methods.
By applying inputs like fertilizers and water in different quantities across the field, VRT helps optimize crop yields and reduce costs. This technology relies on data collection and analysis to create detailed VRA prescription maps, allowing for customized input applications.
With the right equipment and technology, VRT can significantly improve agricultural productivity. Today’s advanced tractors, equipped with built-in terminals and specialized software integrated with a precision agriculture platform, use prescription maps to accurately apply variable rates of water or chemicals based on GPS location and management zones.
Variable Rate Technology In Precision Agriculture
Precision agriculture is a game-changer, moving far beyond traditional farming methods. Often called satellite farming, this approach focuses on crop condition monitoring, measuring, and responding to variability within fields. One of its standout innovations is variable rate application (VRA), which has caught the attention of farmers worldwide for its immense potential.
Why is VRA so important? It goes beyond simply fertilizing, seeding, and applying pesticides. It’s about utilizing technology to apply various expendable materials on and beneath the field automatically.
Farm management software simplifies contemporary farming by combining data and technology to improve farming efficiency, sustainability, and profitability. Precision agriculture platforms consolidate operations, crop health monitoring through satellite imagery, and offer real-time suggestions, enabling farmers to make informed decisions for the best use of resources (through VRA) and increased productivity.
Variable rate application offers numerous advantages for modern agriculture:
- VR fertilizer enhances farming efficiency.
Adjusting rates based on soil health and plant needs helps save resources and increase yields. Research shows this method can lead to higher net income and healthier soil compared to using uniform rates: “The net incomes of VR management zone were 15.5–449.61 USD ha−1 higher than that of traditional spatially uniform rate fertilization.”
- VR irrigation saves water, time, and fuel while reducing machinery wear.
Applying the correct amount of water to different parts of the field based on soil moisture levels and crop requirements reduces wear and tear on irrigation equipment compared to uniform irrigation.
Studies claim: “Variable rate irrigation (VRI) can increase water use efficiency and productivity by applying water based on site‐specific needs.”
- VR seeding increases crop yield by adjusting seeding rates based on soil fertility.
VR seeding adjusts seeding rates based on soil fertility and other factors to optimize plant populations and yields. It is commonly used alongside variable rate fertilization as part of a comprehensive precision agriculture strategy.
Findings show that: “The application of VRS to the seeding of various crops shows positive agro-economic trends, additional yields, and higher economic returns.”
- VR pesticide reduces environmental pollution and improves pesticide efficiency.
VRT helps farmers target pests more accurately and use less pesticide.
Studies have found that “VR management zone reduced the use of nitrogen (N), phosphorus (P), and potassium (K) fertilizers by 22.90–43.95%, 59.11–100%, and 8.21–100%, respectively, and it also increased the use efficiency of N, P, and K by 12.27–28.71, 89.64–176.85, and 5.48–266.89 kg/kg, respectively, without yield loss.”
This demonstrates the ability of variable rate technologies to improve pesticide effectiveness and reduce environmental pollution in agriculture.
Using Various Technological Means For Informed Decisions
Applying different technological tools is essential for implementing variable rate technology in agriculture. This includes smart machinery, fertilizers, seeders, soil sensors, geographic information system (also called GIS), and the Global Navigation Satellite System (GNSS) applications for field mapping. Additionally, having supporting infrastructure, which helps manage and analyze info from different sources, is crucial for successful implementation.
Understanding the location, timing, and methods for seeding, fertilizing, and harvesting is key in remote crop monitoring and precision agriculture, where data plays a vital role in managing resources effectively.
This information is taken from a wide variety of data sources.
- Sensors. Moisture, soil nutrients, compaction, weather stations (humidity, temperature, wind speed)
- Drones and satellite photography. Field hyperspectral imaging.
- GNSS. Event coordinates, also points and times for obtaining time-series data
- Spatio-temporal data sources. Spatio-temporal specific data (trajectories of agricultural machinery, spatiotemporal points, event points, time-series information)
- Maps. Field boundaries, soil type, surface levels)
- AI solutions. Prediction of weather conditions, detection of plant diseases.
However, simply collecting raw data is not sufficient. It is necessary to process this information to extract valuable insights, make informed decisions, and enable automatic alerts and control signals for agricultural equipment. Thus, you must have the capability to:
- Gather data;
- Transform the data to extract valuable insights for precision farming gear;
- Upload the data into agricultural equipment;
- Retrieve real-time data from tractors, seeders, fertilizers, and other machinery.
By following these steps, farmers can make the most of modern technology, optimizing their farming practices and boosting efficiency.
Use Of Satellite Images In Building VRT Maps
Satellite crop monitoring imagery can be used to generate different kinds of VRA maps for various purposes. As nitrogen is one of the most critical elements plants need, building map for its proper application is a major task.
Nitrogen fertilization maps play a crucial role in optimizing the application of water, nitrogen, and crop protection products.
When creating a VRA map for nitrogen fertilizer, you can choose from various indices that provide valuable insights:
- MSAVI is sensitive to uncovered soil and, therefore, is ideal for planning VR fertilizer application in the early stages of growth.
Example: Early in the growing season, a corn farmer uses MSAVI to detect patches of uncovered soil in their field. This helps them apply fertilizer more accurately, ensuring that nutrient-rich areas receive the right amount of input and promoting uniform growth.
- ReCI measures chlorophyll content in leaves, helping to identify field areas with faded and yellowed vegetation that may need additional fertilizer.
Example: A soybean grower notices using ReCI that certain sections of their field have yellowed leaves, indicating possible nutrient deficiencies. They apply additional fertilizer to these areas, restoring plant health and boosting overall yield.
- NDVI indicates biomass accumulation zones and areas with low vegetation that might demand larger amounts of fertilizer.
Example: A cotton producer uses NDVI to map out zones with varying levels of biomass across their field. They adjust their fertilizer application rates, applying more in areas with lower vegetation to support growth and maximize their harvest.
- NDMI is well-suited for VR irrigation by identifying areas that are under water stress.
Example: During a hot summer, a vineyard uses NDMI to pinpoint areas suffering from water stress. They adjust their irrigation system to provide extra water where it’s needed, ensuring the vines remain healthy and productive.
-
- NDRE helps identify stressed or dying vegetation in the middle to late stages of a season, aiding in effective fertilization strategies.
- Example: During the season, a wheat farmer uses NDRE to identify patches of the field where the wheat plants are showing signs of nutrient stress or poor growth. By applying a mid-season nutrient boost specifically to these stressed areas, the farmer improves the overall health and yield potential of the wheat crop.
Field Productivity Maps
Field productivity maps can be created by analyzing satellite images to pinpoint areas with high or low crop yields. By using the NDVI index and advanced machine learning algorithms, different productivity zones can be identified.
Key applications of productivity maps include:
- Potassium and phosphorus fertilization
Historical productivity zones data can help avoid excessive application in areas where these nutrients may have accumulated with time.
- Variable rate planting
Farmers can apply different seed amounts in various productivity zones to either maximize yield or achieve uniform distribution across the field.
- Land evaluation
Field productivity can be assessed before purchasing or renting land; it helps reduce risk and enhance profitability.
- Targeted soil sampling
Soil sampling efforts can be focused on key areas indicated by productivity data, rather than relying on generic grid sampling.
As you see, variable rate application (VRA) is a cost-effective method that can save you 10% on planting and cultivation costs based on the characteristics of the soil. To fully benefit from VRA, it’s important to understand the technologies involved, such as sensors, GNSS, earth observation pictures from drones and satellites, and digital maps, which provide crucial data for analysis and implementation. We sincerely hope that you succeed in your farming endeavors with modern technology!
______________
Author Vasyl Cherlinka
Vasyl Cherlinka is a Doctor of Biosciences specializing in pedology (soil science), with 30 years of experience in the field. With a degree in agrochemistry, agronomy and soil science, Dr. Cherlinka has been advising on these issues private sector for many years.
-
Alberta17 hours ago
Proposed $70 billion AI data centre in MD of Greenview could launch an incredible new chapter for western Canadian energy
-
COVID-192 days ago
Australian doctor who criticized COVID jabs has his suspension reversed
-
Business2 days ago
Massive growth in federal workforce contributes to Ottawa’s red ink
-
Alberta13 hours ago
Your towing rights! AMA unveils measures to help fight predatory towing
-
Frontier Centre for Public Policy2 days ago
False Claims, Real Consequences: The ICC Referrals That Damaged Canada’s Reputation
-
COVID-192 days ago
Former Trudeau minister faces censure for ‘deliberately lying’ about Emergencies Act invocation
-
National1 day ago
When’s the election? Singh finally commits. Poilievre asks Governor General to step in
-
Daily Caller1 day ago
Party Leaders Exposed For ‘Lying’ About Biden Health