Gambling

gambling

A Beginners Guide to Navigating the Casino Without Losing Your Shirt

Slots can account for 70 percent or more of the money casinos make from gambling.

Slot machines appeal to people looking for a pressure-free way to pass the time. The vast majority won’t. They’re generally easy to learn and play.

The challenge for bettors is to find a game that they enjoy and that has a house edge they’re comfortable with.

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. 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.

A penny machine is a misnomer. Some casinos offer games that pay 6-to-5 for a blackjack. The RNG’s sole function is to spit out groups of numbers. Take what you are comfortable spending. The machine itself is the entertainment.  

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.

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.

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!

Casinos also offer a variety of “carnival games” that are variations of poker and blackjack. The answer depends on your own assessment of how much you’re willing to spend for a night at a casino. Some machines let you choose the value of a credit, such as 25 cents, 50 cents, $1 or $2. It’s all pure luck, as opposed to skill games such as blackjack and poker. With slots, the outcome is determined by a computer program called a random number generator, or RNG. 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. In some games, all the players on a group, or “bank” of machines might share in a bonus round. 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.

“No problem,” he assured her. Casinos make more money from slots than from any other game. Some games have surround-sound chairs for what manufacturers call “immersion” gaming.

Games with a low house edge include:        

Blackjack is the most popular card game by far. Slot players don’t have to worry about making the “right play” or doing something that could affect other gamblers. Slot manufacturers spend millions of dollars to make machines that entice people play longer. Some folks are comfortable eating at a chain restaurant and catching a matinee. Use your players club card whenever you gamble there. Over the long run, the casino will win because of how the games are structured.

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

Many books and Web sites teach basic strategy for blackjack. At that game, the player with a blackjack gets paid only $12 for a $10 bet. In the short run, anything can happen. The process is simple: Push a button; win or lose; repeat. That’s not right. 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. The card makes you eligible for offers of discounted or free food, hotel rooms or other amenities based on the amount of your play. Those include Three Card Poker, Let It Ride Blackjack Switch and Spanish 21. The casino gets its cut by collecting a “rake,” typically $4 or $5, out of every pot.

READ: 6 Mistakes to Avoid When Paying Off Debt

READ: The Downsides of Winning a Powerball Jackpot

READ: Tips and Tricks for Traveling to Las Vegas

Before you put money into a slot, check the machine’s display to see how much one credit is worth. Each number corresponds to a specific symbol on the display. This was a friendly table, he said, and he or the other players would be happy to help a novice. If you “bust” by going over 21, you lose even when the dealer also busts, because the dealer is the last to act. She put out the $10 minimum bet and was dealt a two-card 20 for her first hand. If you go out for dinner and a show, you know how much that’s worth to you. Casinos have evolved into one of the country’s premiere entertainment options. The goal is to beat the dealer. Dollar machines pay out more than quarter machines, and quarter machines pay out more than nickel machines.. 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. Slot players put their cards into the machine; table game players present their cards to the dealer.

The house advantage on slots can vary by casino, but typically it’s about 10 percent. Never play them. 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. Smart gamblers find a game they enjoy and learn the strategies that reduce the house edge as much as possible.

One of the built-in advantages for a player is that blackjacks traditionally pay 3-to-2, or $15 for a $10 bet. “Run! Run for the hills while you’re ahead!”

Just bear in mind that you’re there to have fun. Some want a four-star restaurant and a live musical.

However, that doesn’t mean you should just throw your money away on long shots. In other words, for every $100 put into machines throughout the casino, the machines return an average of about $90 over the long run. 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. 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.

When you enter any casino for the first time, head to the players club booth and join. 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. Sure, some players will win big. 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. As a rule of thumb, the easier a game is to play, the higher the house edge.

The black-haired woman nervously thumbed through her purse as she took the end seat at the blackjack table. 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.

Poker is popular, but it differs from all other games because you play against other gamblers rather than against the house. That can range from a penny to several hundred dollars. A few favorites: www.WizardOfOdds.com, www.bj21.com, www.BJInsider.com, and authors Stanford Wong, Henry Tamburin and Arnold Snyder.

When you plan a casino trip, figure out how much you’re willing to spend for that night’s entertainment. 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. They want to gamble but they’re not exactly sure what to do.

Slot machines are the easiest and most popular form of casino gambling. You should be mentally prepared to lose it all.

Regardless of what you might hear elsewhere, there is no strategy for winning at a slot machine. 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.

Many people making their first casino trip or trying out a new game are like that uneasy blackjack player. A rule of thumb is that the higher the base denomination, the less the house advantage

Advice on Sports Betting

Betting Through Bank

Choose a system which is already proved

Discipline

Becoming triumphant at gambling on games is attainable but having an approach and fastening to it is vital for that to occur. Afforded your method is a winner and your gambling pool and gambling plan is appropriately worked out inside that scheme, then ultimately your losing stripe will twist around and your method will become lucrative once more. Here are presently a few oddments of sports gambling guidance that will assist you return from this potentially productive marketplace.

Sports betting champ provide unique content related to betting which will guide you on your journey toward a perfect bettor. It must not be also complex. It is when effects start to go erroneous and you have go on boarded upon a trailing stripe that the regulation of sticking to your scheme and staying inside your betting plans suits the most hard thing to do. To know about different sports betting techniques visit this link.

The most significant piece of games betting suggestion I can provide you is – find a scheme that is a confirmed victor. The accessible funds must be ample enough to coat any trailing stripe you may have and sufficient to gradually pick up flipside into profit. If your methods are so perplexing that you are unsure you are receiving it precise then, noticeably it is useless to you.. It should be one that has revealed to return constantly over a long phase of instance.

If are not somebody who can waited restricted and alerted on whatsoever betting approaches you are with then you ought to not even think taking it up as a severe alternative. A betting plan must typically be from 1% to 2% for a method that entails you to enlarge your gambles after a slaughter and from 5% to 10% for a method that remains level bets at all instance. This is a vital piece of games betting guidance.

Author’s Bio: 

Your gambling bank or staking arrangement must be worked out in combination with your gambling methods

Betting On Oil – CBS News

“I think it is very dangerous to kind of play the oil game and bet on where the price is going to be,” Hennessey warns. That’s why we’ve seen oil prices come down,” Hennessey points out. People were worried prices would go up because of the conflict, but it wasn’t effecting the price of oil. “You can, however, bet on the professionals that do it.”

In essence, you are taking a guess on what the price of oil will be in a month, two months, up to 30 months down the road. “It’s very simple,” Hennessey explains. “You are betting on a future price. “These are things you have to think about when you are investing in oil,” advices Hennessey.

For additional and more extensive investing and personal finance content from SmartMoney.com, click here.

by Jenn Eaker

In the end, supply and demand always wins when it comes to betting on oil prices, he says. “What you had here was demand going down. It takes a lot of guesswork and speculation is abound. So you are betting on futures, not stocks.”

Copyright 2006 CBS. You take into consideration outside effects on the price like hurricane season and the war in the Middle East. But do you know what it takes to bet the markets on crude? Ray Hennessey, editor of Smartmoney.com offers some advice that might fuel your interest.

A lot of people have heard about investing in oil on the stock market, but aren’t too sure where to start or what to do. The Middle East war is a good example. You can trade oil through trading in the oil pits, oil exchange-traded funds, which are like stocks, or you can actually bet on the Exxons of the world and get your dividends that way. All rights reserved.

. “Here in the US we aren’t using as much oil as we need to.” This was why the higher prices people were predicting turned out to be wrong.

Falling oil prices may signal not just a good time to invest in a new tank full of gas but also in oil itself

Sports :: How to Win at Betting: Sports Gambling Winning Percentage, What You Need to Know

Making it more difficult for sports bettors is that some sports services will claim to have won 200 units in a particular sport, but don’t mention that they release 10- or 20-unit plays, along with several 100-unit “locks” at the end of the year if things aren’t going so well and they need something to base next year’s advertising on.

For the bettors that do their own handicapping, however, units won is really the only thing you should be concerned with, as that ultimately is going to translate into the bottom line. And as is the case with the Arkansas-based giant, many times this will be more profitable than being extremely selective and doing a small amount of volume, even if the mark-up is higher.

The only statistic that sports bettors should be concerned with is units won, which is the amount of profit, or loss, they have over time, and not worry nearly as much about winning percentage. A winning percentage of 55-percent sure doesn’t sound as sexy as a 60-percent handicapper, but if your volume of plays is high enough, it can certainly be much more profitable.

With baseball season coming back in about 4 months, many sports gamblers will be seeing ads from different sports services claiming winning percentages of 65-percent for baseball, and that’s entirely possibly, but what the services aren’t saying is that the majority of their selections were favorites of -200 or more, turning that 65-percent handicapping into a losing proposition.

If somebody were to ask you if you would rather be a 60-percent handicapper or a 55-percent handicapper, which would you choose? The obvious answer is that it’s better to be a 60-percent handicapper, but that isn’t necessarily true.

The 55-percent handicapper is using what is commonly referred to as the Wal-Mart Approach, which is to have a lot of volume with the expectation of grinding out a small profit. In the question above, it would be much better to be a 55-percent handicapper if you were playing 150 games a month, as opposed to a 60-percent handicapper playing one game a day. At the end of the month, the 55-percent handicapper would have gone 83-67 for a gain of 9.3 units, while the 60-percent handicapper would have gone 18-12 for a profit of 4.8 units, so the 55-percent handicapper has made nearly twice as much.

Negative Effects of Gambling

The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. Their mental state can even lead to suicidal tendencies.

? Gambling can lead to criminal activities. Six to eight million people in America are estimated to have a gambling problem.

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.

? Addiction to gambling has been linked with substance abuse. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Forget satisfaction or peace, it is not even refreshing in the real sense. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.

? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.

? The addiction to gambling can leave one in bankruptcy. Sports betting and arbitrage betting are the other types. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. They engage in gambling activities at the cost of their time with family and friends. Thus, gambling can have a grave economic impact which is difficult to reverse.

? They start borrowing money and take secret loans. It causes a decline in his/her work performance, thus hampering his career.

? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? Additionally, rehabilitation and public assistance systems are taxed.

? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. Because of this, they land in worse situations and take the wrong decisions in life.

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. It only leads to a thoughtless expenditure of money and valuables.

? A majority of those addicted to gambling have substance abuse disorders.

? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.

? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.

? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.

? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.

? According to a study by the George State University, 50% of the problem gamblers commit crime. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. It soon becomes a habit that can’t be broken.

? People continue gambling with the greed of winning money. ? The costs of treating compulsive gamblers are huge. This proves to be detrimental to their social and family life. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.

? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.

You could be at gunpoint or holding the gun. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.

? Gambling has proven to be addictive. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.

? Problem gamblers and addicts tend to abuse their family members. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. The greed never ends and they keep betting more and more. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. Some go that way to forget the sorrow of losing big sums when gambling.

Compulsive gambling leads to bankruptcy

? Gambling is practiced as a means of recreation. It can drag you into crime, gambling isn’t fun.

? Gamblers often exhibit mood swings and a strangely secretive behavior. In spite of the losses incurred, they continue betting. Due to lost mental peace, they may ill-treat their spouse and children. The two go hand in hand. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

Gambling = Thoughtless Expenditure + Waste of Time

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

? Research has shown that gambling can lead to harmful behavior in people

Sports Betting Odds by Benered Fransisco

The bookies set a lot of numbers by keeping the public in mind and the person who begins to study can understand easily as to how the person can gain more and on the numbers set by the bookies.

In sports betting line, money line is like point spread that is used to equal the attractiveness of the favorite and the underdog for the person betting. This field is considered as a way to make huge profits if the person is a smart bettor who has practiced proper money management. And most of the illegal books of Nevada draw their odds from casinos. In sports betting odds, the odds are termed as “MONEYLINE”.The sports betting odds there are no point spread for many of the sports such as boxing, tennis etc as there occur no way to measure the points or score in which the player wins or loses by. Money line in sports betting odds is decided by the event winner with no regard to the point spread as there is occurs no point spread. In sports betting odds, such as football odds is becoming more vibrant each year. In such sports like boxing, the only thing that counts is who wins and who loses, and in such cases, the money line wagering enters in!

In sports betting odds, the odds are made not by the common people. Apart from this, he also works as a consultant on gaming management, strategies, personnel and marketing. Sports betting odds can be defined as “the likelihood of an outcome occurring that is stated in a number form”. In sports betting odds, there are many things, which are illegal such as transmitting information on gambling across the state for placing, or taking bets is considered illegal. But even then, there occur many loopholes through which people play their own gaming!

In college, also sports betting odds have taken reign even though it might be considered illegal by many. The main basis of the wager is the straight up outcome, which is not in to a point spread. It is an entirely different case in sports betting odds, as about 75% of odds are established for the licensed Sports Books in Nevada as well as for Oregon State Lottery by Las Vegas Sports Consultant Inc, which is run by Michael ‘Roxy” Roxborough. The sports betting odds makers set the money line, as more money must be risked for the favorite or the person expected to win and very less on the underdog or the person more likely to lose, so that there occurs a balance between both sides of the contest.