As technology gets more advanced, more and more applications can be easily done. The computer age has come and its development is very rapid. New technologies and updates are done every once in a while. Various computer programs are made even better to satisfy the needs of the user. And thus, opensource development is inevitable.

What is opensource software and what are the common opensource technologies these days? Well, open source software or OSS is computer software that has a special license which allows anyone to have access on the program code. This also means that everyone can have the privilege to edit the code or modify it based on his needs.

If you are into opensource programming then you may encounter customizing the various software any way you want it. When the software is released, the source code is guarded by a license. Therefore, opensource web development also protects the right of the user in accessing and customizing it. This what makes it so different with closed source software.

In Closed Source, the designers or originators of the software are the only ones who have access to the program code and they can modify the application. So how can opensource systems software development be of use? Well, it has a lot of advantages and uses.

In the field of business, it is true that not all industries have the same products and services. Not all trades work under the same procedures or principles. So it is impossible to have all business systems run by only one piece of software. A corporation might need more complex software to satisfy the necessities of the users. Or a small scale business might need a simpler program for their enterprise. Although many businesses have common practices, the standard software can serve its outright needs.

However, there are methodologies and practices which will set you apart from your opponents that is why opensource development is important and is now being widely used in the corporate world. Besides, what would you do with software that restricts you in your operations? It is best if you can modify it according to your company’s needs. Many have admitted that it has helped them in critical situations and it aided it gained them an advantage in the marketplace.

One can adapt or transform the source code to suit the user’s requirements. Thus, business can further improve their processes and they can afford for these modifications. Howcome? Well, the source code or the basic software is not costly and is readily available in the market. So, the costs are reduced, giving way to allocate the fees in enhancing or hiring a php programmer or a java developer.

Moreover, you can also try consulting ajax developers or mysql programmers to help you with that. Many of these experts work as freelance contractors or can be hired to modify the program code.

Another thing is, a complex program is hard to configure or modify that is why many developers and programmers make it open source to save on development costs and time. Some programmers take years to finish a certain source code but with the help of other developers, those years can be converted into months.

The US economy experiencing anticipated slump that will have great effect to the local economy. I don't know how to explain this but I'm pretty sure Pinoy will eventually suffer this year and unemployment statistic rate will get high by the next few months.

The booming call center business, which caters to the US market will faces cost-cutting measures that could include office cease of operations and layoffs. It's because most of BPO companies are suffering from the high exchange rate of peso and dollar. Now that the exchange rate is 40 pesos vs.1 dollar, the management of some BPO companies can't afford to pay $375 per call center agent, they will land their calls to much cheaper location such China, Africa and India. If that's happened, there will be more and more unemployed here.

On the other side, POEA stated it won't really affect the OFW remittances, “US economic slump would have no effect on the deployment and remittances of Overseas Filipinos, who they said are in demand because they are more skilled than their counterparts in various countries”. We all know that the US is the largest source of remittances with more than 40 percent of some eight million Filipinos based abroad, or a 10th of the Philippine population, are in the US. Overseas workers like nurses and caregivers could be reduced, and those professionals working in the United States may not obtain security of tenure.

The Philippines should shift its focus and dependency to other nations like Japan, China and the European Union members.

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Outing of Kanati’s Employees

Well well well, it was last Friday, Nov. 30 2007 when we, Kanati employees gathered together to bond with each other at Pansol, Los Banos Laguna. We arrived there at around 9 in the morning. Everyone was excited to sing, to swim, to relax and to play wii. I don’t remember any kill joy employees, we all sung till dawn especially Jhane our accountant, she sung till the break of dawn. On the other side our Java programmers spent much of their time playing wii same with our admin staffs. Ate cherry and Ate fe were in charged on foods. While SEO girls played wii, sung and went swimming. Ooopss KANATI Company outing wont be complete without the first family, our CEO, sir Jimmy Mc coy, The President Ms. Cristi Mc coy and the two cute dogs, missy and Dakota…

Everything went smoothly… See Some of our Pics… I will post after this…

Off-track betting

(or OTB) refers to authorized gambling on horse racing outside a race track.

Totalisator'

A totalisator' or totalizator is the name for the computerized system which runs pari-mutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets.

Dutching

In gambling, Dutching is sharing the risk of losing across a number or runners by backing more than one selection in a race or event. The process calculates the correct stake to place on each selection so that the return is the same if any of them wins. This is not to be confused with what constitutes a Dutch book which is when a bookmaker goes overbroke (the opposite to overround).

Race track

A race track (or 'racetrack' or 'racing track') is a purpose-built facility for racing. This racing can be of animals (eg. horse racing or greyhound racing), automobiles, motorcycles or athletes. A race track may also feature grandstands or concourses. The term racecourse is also used for horse-racing facilities. Race tracks built for bicycles are known as velodromes.

Gambling odds

In gambling, the odds on display do not represent the true chances that the event will occur, but are the amounts that the bookmaker will pay out on winning bets. In formulating his odds to display the bookmaker will have included a profit margin which effectively means that the payout to a successful punter is less than that represented by the true chance of the event occurring. This profit is known as the 'over-round' on the 'book' (the 'book' relates to the old-fashioned ledger that wagers were recorded in and thus gives us the term 'bookmaker') and relates to the sum of the 'odds' in the following way:

In a 3-horse race, for example, the true chances of each of the horses winning based on their relative abilities may be 50%, 40% and 10%. These are the relative probabilities of the horses winning and are simply the bookmaker's 'odds' multiplied by 100 for convenience. The total of these three percentages is 100, thus representing a fair 'book'. The true odds of winning for each of the three horses is Evens, 6-4 and 9-1 respectively. In order to generate a profit on the wagers accepted by the bookmaker he may decide to increase the values to 60%, 50% and 20% for the three horses, representing odds of 4-6, Evens and 4-1. These values now total 130, meaning that the book has an overround of 30 (130 − 100). This value of 30 represents the amount of profit for the bookmaker if he accepts bets in the correct proportions on each of the horses. The art of bookmaking is that he will take in, for example, £130 in wagers and only pay £100 back (including stakes) no matter which horse wins.

Profiting in gambling involves predicting the relationship of the true probabilities to the payout odds. If you can consistently make bets where the odds of paying out are better (pay out more) than the true odds of the event, then over time (in theory) you will come out ahead.

The odds or amounts the bookmaker will pay are determined by the amounts bet on each of the respective possible events. They reflect the balance of wagers on either side of the event, and include the deduction of a bookmaker’s brokerage fee (“vig” or vigorish).

Parimutuel betting

One of the most widespread forms of gambling involves betting on horse or greyhound racing. Wagering may take place through parimutuel pools; or bookmakers may take bets personally. Parimutuel wagers pay off at prices determined by support in the wagering pools, while bookmakers pay off either at the odds offered at the time of accepting the bet; or at the median odds offered by track bookmakers at the time the race started.

SOUCE:

Wikipedia:

http://en.wikipedia.org/wiki/Betting#Parimutuel_betting

http://en.wikipedia.org/wiki/Betting

http://en.wikipedia.org/wiki/Odds

http://en.wikipedia.org/wiki/Off-track_betting

Open source is a set of principles and practices that promote access to the design and production of goods and knowledge. The term is most commonly applied to the source code of software that is available to the general public with relaxed or non-existent intellectual property restrictions. This allows users to create software content through incremental individual effort or through collaboration.

The open source model of operation can be extended to open source culture in decision making, which allows concurrent input of different agendas, approaches and priorities, in contrast with more centralized models of development such as those typically used in commercial companies.^[1] Open source culture is one where collective decisions or fixations are shared during development and made generally available to all, as done in Wikipedia. This collective approach moderates ethical concerns over a "conflict of roles" or conflict of interest. Participants in such a culture are able to modify the collective outcomes and share them with the community. Some consider open source as one of various possible design approaches, while others consider it a critical strategic element of their operations.

Kanati Inc.

source: http://en.wikipedia.org/wiki/Open_source

Kanati Employees will be having outing in Laguna! Mark your Calendar, Nov 30 2007!

Cristaline's Closet offers wide variety of fantastic vintage items and collectibles that have been purchased at home and come from abroad.

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Parimutuel betting (from the French language: pari mutuel, mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.

The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games.

Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at "off track" facilities, where players may bet on the events without actually being present to observe them in person.

Parimutuel betting differs from fixed odds betting in that the final payout is not determined until the pool is closed – in fixed odds betting, the payout is agreed at the time the bet is sold.

Source: http://en.wikipedia.org/wiki/Parimutuel_betting

Pari-mutuel  System

What we've done

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Kanati Inc

We are a technology partner with focused attention and expertise specific to your industry. We are a team of programmers, mathematicians, and artists that specialize in creating web or desktop applications for ecommerce or pari-mutuel racing platforms. We create these solutions using the latest open source technologies from Java, PHP, MySQL, and Linux. Our in depth knowledge of e-commerce and pari-mutuel racing enables us to work more quickly and deliver on your requests more efficiently.