Category Archives: gambling

gambling

A Beginners Guide to Navigating the Casino Without Losing Your Shirt

They’re generally easy to learn and play.

Slot machines are the easiest and most popular form of casino gambling. The answer depends on your own assessment of how much you’re willing to spend for a night at a casino. Those include Three Card Poker, Let It Ride Blackjack Switch and Spanish 21. The card makes you eligible for offers of discounted or free food, hotel rooms or other amenities based on the amount of your play. They want to gamble but they’re not exactly sure what to do.

Many books and Web sites teach basic strategy for blackjack. Slots can account for 70 percent or more of the money casinos make from gambling.

Blackjack, if you take a few minutes to learn the basic strategy of when to hit or stand.

Video Poker, if you make the effort to look for good pay tables and learn simple guidelines for which cards to keep and throw away.

Baccarat, including the “mini” form found on the main casino form.

Craps, a game that looks more complicated than it actually is.

Games with a low house edge include:        . Smart gamblers find a game they enjoy and learn the strategies that reduce the house edge as much as possible.

Finding yourself amid the thousands of games, dealing with the noise, lights and other casino distractions, and ogling the vast amounts of money and chips can intimidate anyone.

READ: 6 Mistakes to Avoid When Paying Off Debt

The black-haired woman nervously thumbed through her purse as she took the end seat at the blackjack table. You should be mentally prepared to lose it all.

Whether you’re a beginner or a veteran, the most important fact about a casino is this: The house always has the edge, no matter what game you play. That can range from a penny to several hundred dollars. The goal is to beat the dealer. Some want a four-star restaurant and a live musical.

Casinos also offer a variety of “carnival games” that are variations of poker and blackjack. The casino gets its cut by collecting a “rake,” typically $4 or $5, out of every pot.

READ: The Downsides of Winning a Powerball Jackpot

“No problem,” he assured her. Never bet with money you need for the mortgage or medical bills. The number combination generated at the instant you hit the spin button determines what symbols will be displayed and whether you win or lose.

Blackjack is the most popular card game by far. Casinos have evolved into one of the country’s premiere entertainment options. You could hit a big jackpot or you could lose your buy-in within a few minutes.

One question all casino visitors ask themselves is how much money to take. She pulled out three $20 bills and gingerly placed them on the felt, confessing to the dealer this was her first time playing the game.

Many people making their first casino trip or trying out a new game are like that uneasy blackjack player. Some folks are comfortable eating at a chain restaurant and catching a matinee. The process is simple: Push a button; win or lose; repeat. This was a friendly table, he said, and he or the other players would be happy to help a novice. It’s all pure luck, as opposed to skill games such as blackjack and poker. Take what you are comfortable spending. A rule of thumb is that the higher the base denomination, the less the house advantage.  

Regardless of what you might hear elsewhere, there is no strategy for winning at a slot machine. Some machines let you choose the value of a credit, such as 25 cents, 50 cents, $1 or $2. Casinos make more money from slots than from any other game. Many players mistakenly think the object of blackjack is to get a hand as close as possible to a total of 21 without going over. With slots, the outcome is determined by a computer program called a random number generator, or RNG. Her blackjack fling started with a victory.

“You know what you should do now?” the dealer asked, barely suppressing a smile as he prepared to deliver the punch line. If you go out for dinner and a show, you know how much that’s worth to you. Since blackjacks will come at the same rate at each type of game — once in about every 21 hands — playing at 6-to-5 table costs you about $6 an hour.

A penny machine is a misnomer. Slot players put their cards into the machine; table game players present their cards to the dealer.

Poker is popular, but it differs from all other games because you play against other gamblers rather than against the house. In other words, for every $100 put into machines throughout the casino, the machines return an average of about $90 over the long run. That’s not right. She put out the $10 minimum bet and was dealt a two-card 20 for her first hand. If you “bust” by going over 21, you lose even when the dealer also busts, because the dealer is the last to act. As a rule of thumb, the easier a game is to play, the higher the house edge.

Casinos offer a variety of games to entice everyone from those dreaming of a life-changing jackpot to people simply enjoying a night out.

When you plan a casino trip, figure out how much you’re willing to spend for that night’s entertainment. In some games, all the players on a group, or “bank” of machines might share in a bonus round. Those who follow basic strategy can reduce the house edge to 0.5 percent or less, making it the closest thing to an even-money game the casino offers.

Before you put money into a slot, check the machine’s display to see how much one credit is worth. “Run! Run for the hills while you’re ahead!”

READ: Tips and Tricks for Traveling to Las Vegas

The house advantage on slots can vary by casino, but typically it’s about 10 percent. Many are tied to popular movies, TV shows or musical artists – think “Lord of the Rings” or “Pawn Stars” or Dolly Parton – or even games such as Wheel of Fortune, Monopoly and Battleship. Sure, some players will win big. Slot manufacturers spend millions of dollars to make machines that entice people play longer. In the short run, anything can happen. A few favorites: www.WizardOfOdds.com, www.bj21.com, www.BJInsider.com, and authors Stanford Wong, Henry Tamburin and Arnold Snyder.

Just bear in mind that you’re there to have fun. At that game, the player with a blackjack gets paid only $12 for a $10 bet. Some casinos offer games that pay 6-to-5 for a blackjack. Players have the option of hitting or standing, while the dealer must follow specific rules — generally, he must hit if the total is 16 or less and stand with a total of 17 through 21. Over the long run, the casino will win because of how the games are structured.

When you enter any casino for the first time, head to the players club booth and join. About 27 percent of Americans visit a casino at least once a year, according to the American Gaming Association, and that number grows as legalized gambling continues to expand beyond the traditional centers of Las Vegas and Atlantic City. Some games have surround-sound chairs for what manufacturers call “immersion” gaming.

One of the built-in advantages for a player is that blackjacks traditionally pay 3-to-2, or $15 for a $10 bet. Although each credit is worth only one cent, players can wager as much as $3 a spin by playing multiple pay lines and more than one credit per line.

However, that doesn’t mean you should just throw your money away on long shots. The vast majority won’t. Each number corresponds to a specific symbol on the display. Never play them. A cynical adage holds that casino executives figure that whatever you bring through the door is theirs – you just happen to be holding it for the moment. Dollar machines pay out more than quarter machines, and quarter machines pay out more than nickel machines.

If you find yourself ahead after a couple of hours of fun, then remember the dealer’s advice for the nervous blackjack player: Run for the hills!

Slot machines appeal to people looking for a pressure-free way to pass the time. The RNG’s sole function is to spit out groups of numbers. The machine itself is the entertainment. Slot players don’t have to worry about making the “right play” or doing something that could affect other gamblers. So if the dealer’s up-card is weak — especially a Four, Five or Six — it’s better for a player to stand on a “stiff” hand of 12 through 16 than trying to hit and get closer to 21.

The challenge for bettors is to find a game that they enjoy and that has a house edge they’re comfortable with. Use your players club card whenever you gamble there

10 Steps You Can Take To Stop Gambling Today

You make lifelong friends who will always understand and care.

This step can be done by attending Gamblers Anonymous, Celebrate Recovery, & finding online support and help. He’s overcome his own addiction to gambling & has helped many others do the same. Carry only a very small budget for food each day and thats it.( absolutely no more than $5). Carrying recovery reading & phone numbers help. Gamblers Anonymous is one. (Email the author at jason@livegamblefree.com for online communities you can join today). You trust that the program will solve your gambling problem, as long as you never give up on it.

STEP 6: BAN YOURSELF FROM GAMBLING (ONLINE AND OFF)

If you go to a local casino, take a caring friend and ban yourself for life.

If you play online, contact the online casino and have your account closed permanently, & demand to be banned from their site. In the beginning the constant thoughts and urges to gamble can be intense. -Author Unknown.

. He is an author, life coach, sponsor, & former GA chapter president, husband, & stepfather.

STEP 8: STAY HOPEFUL

Only those who never give up on themselves & their program of recovery beat gambling. Know that there are 1000’s of recovering gamblers. If you want to stop starting right now, block all access to money.

STEP 7: REMIND YOURSELF WHY YOU’RE STOPPING, & FOR WHO.

Make a list of the people you love & love you back. There are 1000’s of people who once were severely addicted to gambling, haven’t gambled for months and even years. Call them ANYTIME you need to. Connect your gambling with the the negative consequences its brought into your life.

When you absolutely must stop gambling right now, here are 10 steps you can take today.

STEP 3: JOIN A COMMUNITY OF RECOVERING GAMBLERS

Recovering in numbers is key. A gambling problem is very strong, plays many tricks on on our minds, & tries to convince us of many lies. You help yourself and others triumph over a common enemy. Know that if they can do it, you can too. The only time casinos won’t let you gamble, is when you don’t have what they want……money.

STEP 10: GET 1 ON 1 SUPPORT.

Stopping Gambling isn’t easy. There are therapists, counselors, & life coaches out there trained to help you stop. If needed, list them out. Its best to find someone who’s been in your shoes, but hasn’t gambled in quite some time.

Make sure you like them, they have your best interest in mind, & truly do help you. Good help seems to come from ex-gamblers themselves because they’ve been there, & they understand. If you gamble online, get gamblock today.

These 10 steps are an excellent start to stopping gambling today.

If you have any unanswered questions or need to be pointed in the right direction email jason@livegamblefree.com

STEP 2: GET HELP TODAY

To overcome something as powerful as a gambling problem or addiction, we must get help from others.

Help is out there in many forms. Put up pictures of them & when you see it, remember that’s who you’re stopping for.

Recognize that if you gamble, you’re letting them down.

Remind yourself of all the bad things that have been caused by your obsession to gamble. Inpatient Treatment is another. It may sound funny, but joining a group of fellow recovering gamblers gives you strength & power over your gambling. Don’t know where to turn to for help? Email jason@livegamblefree.com

Jason is a recovered compulsive gambler of over 5 years and a certified professional life coach.

STEP 5: CARRY RESOURCES WITH YOU AT ALL TIMES

Get or print off pro gambling recovery literature & carry it with you at all times.

Read it daily, especially in first months. In the moment, you’ll want a plan of action to take when the urge to gamble attempts to overwhelm you.

STEP 1: GET RID OF YOUR MONEY

If you want to stop gambling right now, the first step begins by stopping to carry money.

STEP 4: SUBMIT YOURSELF TO A PROGRAM OF RECOVERY

What does this mean exactly? It means you must submit,commit, & trust in the program of recovery you choose. (because it is the truth).

To learn the secrets to stopping gambling now, & to get 1 on 1 coaching from Jason visit http://www.livegamblefree.com or email Jason at jason@livegamblefree.com

Author’s Bio: 

There is but one good throw upon the dice, which is, to throw them away. Have phone numbers listed for people to call who support you in your recovery. This includes credit cards, debit cards, access to bank accounts, checks, loans, etc. Combat this with the previous 9 steps & a one on one coach, sponsor, or therapist. Know what to do & who to call if a thought or urges to gamble hits you….(and unfortunately they will).

STEP 9: HAVE A PLAN IN PLACE FOR YOUR NEXT URGE

When your next urge comes, what will you do? You’ll need to know the answer to this

Company Profile for Global Betting & Gaming Consultants

–(BUSINESS WIRE)–Global Betting and Gaming Consultants (GBGC) was established by its

Chief Executive and founder Warwick Bartlett during 1998. GBGC

also keeps abreast of all the latest corporate news in the sector as the

company publishes the quarterly GBGC50 and iGBGC indices.

Consulting

 

Key Executives:

Projects have included market research/assessments, business/facility

planning, product evaluations, design/operational reviews, the

development/review of corporate strategies, license applications,

regulation development for and on behalf of governments, IPOs, M and A

and due diligence. In addition to monitoring all of the

specialist industry press, both domestic and international, the company

also benefits from a daily electronic press cutting service that covers

more than 2,000 publications worldwide. Typically clients include, operators,

monopolies/lotteries, suppliers, investment banks, the major

consultancies, and governments.

Our client base ranges from leading financial institutions such as UBS

and Dresdner Kleinwort to William Hill plc

lorien@gbgc.com

Contact:

GBGC also provided the data on Internet gambling to lawyers representing

the government of Antigua in its case against the United States at the

WTO.

Lorien Pilling

Phone:

Private

 

Industry:

 

Headquarters Address:

The statistics and forecasts that are contained within the Global

Gambling Report have become widely recognised, within the industry, the

financial community and the Media, as the industry standard for sizing

both the online and offline gambling markets. Consequently GBGC are the

most widely quoted source of industry data in share prospectuses and

analysts’ notes as well as on TV/Radio and in publications as diverse as

the Financial Times, Forbes, Time Magazine, BBC Radio 4, BBC Breakfast,

ITN news, the Economist and Fortune magazine.

Contact:

+44(0)1624827138

Email:

GBGC’s combination of operational and

financial experience combined with our gambling industry focus, our

extensive network of contacts and that fact that we are regarded as an

independent commentator on the industry means that we are able to

scratch the surface and get to the bottom of issues which can sometimes

be clouded by data alone.

GBGC’s personnel spend all of their time

looking at the gambling market. We have advised the Government of Botswana on the

implementation of their new Gambling Act.

+44(0)1624827138

Email:

 

Public Relations

+44(0)1624827138

 

Type of Organization:

. As a result in this

instance we would be able to offer knowledge of the European, Australian

North & South American and Asian gambling markets.

Warwick Bartlett

Phone:

warwick@gbgc.com

 

Public Relations

GBGC’s tracks market data, regulation and

industry news as it happens. As a result they have a much more in

depth understanding of the key issues and the direction that market

CEO: Warwick Bartlett

2nd Floor , 8-10 Malew Street

Castletown, OTHER IM9 1AB

United Kingdom

 

Main Telephone:

GBGC has established itself as the most credible specialist

international gambling consultancy in the world. The company has work

with or supplied information to over 400 clients the majority of whom

are ‘blue chip’.

Company:

In addition to its consultancy GBGC has produced four reviews of the

global gambling market that have been widely acknowledged to be the best

available both in terms of both their detail and accuracy. This is monitored on a daily

basis with a newsfeed service being provided at www.gbgc.com.

 

Global Betting and Gaming Consultants

COO: Mark Pilkington

Bartlett was advisor to The Government of Malta for two years and our

advice helped Malta establish itself as the leading off shore gambling

jurisdiction. Bartlett has

an extensive track record in the gambling industry spanning some 40

years.

In addition GBGC could offer the added value of the knowledge of over

200 additional betting, gaming and lottery markets around the world and

would be able to instantly highlight any relevant comparators, etc. The latest

review published October 2008 extends to over 1000 pages.

Head Of Research: Lorien Pilling

With an international focus GBGC are able to offer clients an additional

perspective gained from researching markets, working on projects and

attending/speaking at conferences around the world

Hockey Betting Guide

Decide how much you are willing to lose for the whole season. Simply decide which team is better and throw your money down.

Hockey can be exciting to watch. Use these to give yourself a better shot at cashing in winning tickets.

Point One: Pick the Winner

By: Sebastien Veilleux -

Author is an sport betting editor at SportsGamblingReview.com, an online sportsbook review site. Most sports bettors don’t think about this. Don’t worry about how many games a team has won or lost in any situations. Obvious. They simply rush out to win for that day. Let’s say that amount is $1,000. It’s pretty simple from here on out.

Point Two: Money Management

Article Directory: http://www.articledashboard.com

Start with these three hockey betting tips to get on the road to winning. If you are a smaller player, you should never buy sports picks. What makes it even more exciting is betting on it. Bet $10 every time you make a wager.

The world is full of “pro” sports handicappers willing to sell you their winners. Next, decide how many bets you want to play at a minimum. $1,000 divided by 100 is $10. If you do this, you are making the sports handicapper money–not yourself.

Point Three: Buying Sports Picks. Good Luck.

No, I am not trying to be Mr. The season is filled with betting opportunities. Don’t get fooled. There’s a good deal of money to be made in betting on hockey. Let’s say you are a $10 player and bet 100 times at a 53% winning percentage. Better yet, decide how much money you will bet per game and stick to it. Here’s an easy way to do it. Some hockey bettors second guess themselves and end up losing more times than they win. Your end of the road profit can be evaporated if you buy just one sports pick at $25. Even if you are not a wild hockey enthusiast, having a wager on a hockey game will make it worth watching. Today, I will go over a few hockey betting pointers. Doing so will eat away any profit you made. Never bet more than you can afford to lose. Streaks can continue for a long time and they will continue until they are over. He blogs on NHL hockey betting.

Speaking of money, here’s an important point. What I mean by this is don’t second guess yourself. Let’s say 100, which is generally one a day or so. Your betting unit is $10. Most of these services are quite pricey. Betting is an ever-evolving process. Once you have them down, start to expand your horizons

5 myths of sports betting legalization

In fact, there’s an argument that exposing more people to sports gambling in their native states will make the general concept of sports gambling more approachable, ultimately leading to a larger overall percentage of sports fans-turned-gamblers.

In the most relevant case, CBC, the parent company of CDM Sports, a fantasy provider, sued MLBAM after being denied a new fantasy sports license. This is the type of financial recklessness associated with problem gambling.

Myth No. If something shady were to occur in a game around a betting proposition, raised awareness by the public about gambling in general would help highlight any improprieties before, during and after the match.

In that time span, we all know that Vegas has flourished. Say I set up an account with Legal Sportsbook A. Concerts, shows, high-end nightclubs and restaurants draw people to Vegas as much as the gambling does. Illegal gambling is one of the factors that’s associated with gambling addiction,” Keith S. District Court Judge Mary Ann Medler ruled in favor of CBC, stating that “statistics are part of the public domain and can be used at no cost by fantasy companies.” One would infer that the same would apply to legal bookmaking operations.

In addition, game fixing would be easier in a world where fewer people track or are even aware of things like point spreads and over/under bets. These days, most bookies provide both a phone number and website where bets can be made. First off, the government will only legalize if it is going to get significant revenue. In the latter case, I set up a credit arrangement with Illegal Book B and we agree that I will pay every time I go over $1,000. Second, operators will need to run a cost-effective business, which may prove difficult if there are a lot of other hands to feed besides the government.

Myth No. Yes, trademark images and logos would be a different story, so I could see the leagues getting marketing deals, but I don’t see that as a huge windfall for the leagues.

Myth No. Some are based on a time frame, while others are based on going over agreed-upon limits. How will it be regulated? How involved will the government be? Will it be federal enforcement or on a state level?

Las Vegas sports book operators are already looking to expand to other states. 5: It will create greater risk for game fixing

Those betting with bookies have predetermined settlement terms. The U.S. Those who believe that legalized sports betting will lead to more risk of game fixing simply don’t understand why games are fixed. Vegas has had to reinvent itself as a place that is about more than just gambling. U.S. John McCain (R-Ariz.) also recently said that Congress needs to hold hearings to discuss legalizing sports betting.

Here are the top five myths about legalizing sports betting and why they’re wrong:

Here’s an example. In order to grow the pie large enough, these conveniences must be provided to gamblers. Are fewer people gambling because they can do it in their home state?

The thought process here is that with legalized sports betting available locally, there will be less interest in making the trek to Sin City to wager on sports. In addition, asking for a percentage based on the overall handle (total amount wagered) will cut into the margin of the sports books too significantly.

I see the same trend happening if sports betting gets legalized in the U.S. Legalized sports betting would elevate these now somewhat esoteric notions into the mainstream conversation about sports. But let’s say I have a bad losing streak and end up down more than $1,000. 1: It will result in large revenue for the leagues

My answer is a solid maybe. However, there are certainly some myths that I believe can be dispelled.

While it seems that the question of legalizing sports betting presently is more of an if than a when, there remains a great deal of uncertainty regarding what it would look like.

The topic of federal legalization of sports betting has been brought up before, but it has gained steam since Adam Silver’s November New York Times op-ed and after Silver’s cover story in ESPN The Magazine’s Gambling Issue. Maybe more so.

This is the easiest myth to dispel. 3: It will put local illegal bookies out of business

Myth No. I will likely have to put money on deposit to do so. It’s a pretty reasonable assumption that it’s easier to fix a game in an environment where most of the money wagered is impossible to discover or track by the government. I am concerned that the overall pie, even with online gambling, may not be large enough for the leagues to make the money they are hoping for.

“One of the things that makes sports betting so interesting is that it is probably by far the most widely participated in form of illegal gambling. Many bookies will allow me to get more credit and continue to gamble. “But for the FBI knocking on our door and notifying us about Donaghy’s betting, none of the systems that we then had in place had captured any betting by Tim Donaghy.”

Until many of these questions are answered, it will be difficult to draw any hard conclusions about the ramifications of legalized sports gambling in the U.S. In addition, customers are far more inclined to place a wager when they don’t have to put any money down.

Furthermore, once sports betting becomes legal the negative stigma behind it will eventually disappear, which will make it a bit easier for problem gamblers to ask for help. There are going to be a lot of hands in the cookie jar. 4: It will damage the sports betting business in Las Vegas

Mr. 2: It will create more “problem gamblers”

The National Council on Problem Gamblers has found that problem gamblers are most often involved in illegal gambling, so moving toward a model where more gamblers are doing it legally can only help.

Myth No. This is not how most bookies work. operation for the U.K. This credit relationship will be hard for many gamblers to give up.

The real value for them will be potential marketing dollars and increased fan engagement, not licensing fees for data or direct revenue from wagering.

When I think about the best way to legalize sports gambling from a logistical standpoint, I get a headache. If it’s legalized, there will be huge changes, but some assumptions are simply off.

Since bookies will not have to pay taxes or licensing fees, they will be able to offer better margins or incentives to their customers. (It’s common for bookies to offer rebates to their big customers.) This will be difficult for legal bookmakers to compete with.

Once games happen, the stats are public domain. Whyte, executive director of the NCPG, told my ESPN colleague David Purdum.

At any rate, I really don’t see legalized sports betting in other states having a big impact on the sports betting business in Vegas.

Silver echoed this sentiment when discussing his personal revelation in an exclusive interview with ESPN. When I lose this money, it’s gone, and I can’t bet until I put more money on deposit. Sen.

There are a lot of unanswered questions regarding legalization of sports gambling in the U.S., and it will be fascinating to watch how it unfolds in the next few years. bookmaking powerhouse William Hill has already set up an operation in New Jersey, and MGM CEO Jim Murren has said his company is interested in expansion.

Those who believe this simply don’t understand how sports betting with a bookie works. Purdum, an expert on the subject, has been vocal in his belief that online sports gambling will need to be a big part of the new legalization plan, and I share his belief, as betting on a phone and computer is simply much more convenient than driving to a brick-and-mortar sports book and making a wager. Since sports gambling is currently something that happens in the shadows, problem gamblers are likely to hide in that shadow until it is too late.

There is simply no way the leagues could ask for a percentage piece of gambling revenue, as this would result in a huge conflict of interest. In the past two decades, although total revenue has risen, percentage of revenue from gambling has decreased from close to 60 percent to last year’s 38 percent. The experience of going to Vegas is becoming less and less about putting down a sports bet and more and more about the experience of everything else. There are no credit checks or margin calls until it is time for me to pay. “The Donaghy controversy also made me aware how important it is that we have a way of monitoring irregular activity on our games,” Silver said. The two biggest reasons people bet with bookies (beyond the lack of alternatives) are the convenience and the line of credit. Illegal sports betting has some characteristics that can lead to problem gambling more than legal betting would.

And I have heard some mention licensing fees for data, but haven’t we already covered that in lawsuits against both the NBA and Major League Baseball Advanced Media (MLBAM)? In both cases, statistics and data were ruled to be public, not a private asset for which the leagues could charge a license fee.. This mirrors a similar concern that some had 25 years ago when Indian and commercial casinos began sprouting up all over the U.S.

I understand the argument that legalized sports betting could expose more people to gambling and the increased ease and access will create more problem gamblers, but I simply don’t buy it. This year, it is on pace to welcome a record 40 million visitors