Showing posts with label Gambling___Casinos. Show all posts
Showing posts with label Gambling___Casinos. Show all posts

Wednesday, 19 October 2016

Playing blackjack as a part time profession

What is your day to day "job". Perhaps you are living out those golden years, have been retrenched or let go or are lucky enough to be a trust fund baby, or are otherwise working for a BOSS on the day or night slog. Ever thought of playing Blackjack as a profession - fulltime for a living, to earn a living? There is no reason to stop you, taken you know and can play Basic Strategy backwards flawlessly, have the ability to count a deck down in roughly 25 seconds using a counting method, and know 12 or more Advanced Strategies to increase your odds against the online casinos.


Confident about your playing ability and have no problem with the requirement listed above - you are on your way - YOU ARE A PROFESSIONAL BLACKJACK PLAYER already. People require 3 very important things before they will be convinced to becoming a full time professional player - family, security, and finance. In fact these 3 factors will influence any person in any major job decision they take throughout their life, oh....and....where they live! Living in Las Vegas or Nevada is not quite your family neighbourhood! The lifestyle of a professional gambler could also not be to the players' liking - nor to his family's and he may lose more than just his money in the end. They must also remember that Blackjack does not come with full medical or unemployment insurance, and that his finance might not be large enough to cover a long run of losses, or to make the big bets needed to get the big one! It is a big decision, as changing any job should be, perhaps it can be taken slowly?


What if the player could make some sort of achievable goal during the time he still ahs that stable job, family, security, and extra cash to play with? If a player has "professional Blackjack" skills, why not let it work for him?


For example: A part time player has a day job making just under $ 100 / day . He keeps records his play at the tables and has a win : loss ratio of about 5 : 1, (5 wins out of 6 times). He wins on average 6 units of his smallest wager / hour. So...., if the table minimum is $5 and he places bets of between $5 - $25, he normally takes in roughly $30 / hour. Sometimes he wins more and sometimes has also lost $300, but consistency will ultimately pay off.


If a player wants to average wins of $100 / playing session, the same amount equal to his daily earned after tax income. Taking the win : loss ratio of 5 : 1, and a implementing a stop-loss set at $100, this means he had to win $120 5 x to cover for a loss of $100 on the 6th session. The players' stop-loss is set at $100 (daily work rate and maximum amount he can afford to lose). Each playing session would be treated as if it was a day at work, so...off days would simply be breaking even. Though the game of Blackjack is win some, lose some, a player can effectively double his income per day.


Any good player keeping records can come up with a similar plan or system - if he earns $50 a day and wins 2 out of 3 times, he can set a stop loss of $50 and aim to win $75 each time he plays.


The system can help players contemplating the move to professional, see that the income can remain the same or even be better than their current income at their present "jobs". They can prove it to themselves and ...become profit from playing blackjack. This system will show players what they are capable of, over a period as long as they want, until they feel comfortable to make the move.


Players who make the move to Professional must also realise that this play is a long term game, and not short term as played before. Basic playing principles much the same : small wager with a Count of +1 and larger wagers above it. This strategy is a "slowly slowly" strategy that makes most Counters their money (% advantage x size of bankroll). There are players who no bankroll, and only their table betting to play with. Here a conservative approach must be used to remove volatility from the game.


Some players (Counters) use Jerry Patterson's "Takedown" strategy. Jerry is the Father of "Alternative Blackjack" with his mentions of biases and strings of small and large cards due to shuffling and card pick-up routines. He explains why and how counters can avoid being 'caught' by betting large amounts as the count rises. "Takedown" is a method of betting for non-counters and Jerry explains that players should bet as the count drops, not as it rises, as it is now that the 10s are coming out.


Most successful Counters use a bankroll and increase their advantage when placing each wager based on the count, and end up earning more money long term, riding out the swings of the game. One such swing can result in a player quitting Blackjack play all together, usually having lost all his money. 6 and 8 deck games are the hardest to beat due to shuffling biases, which is hard to prove mathematically. Traditional Patterson betting strategies are more effective against one and two deck games, which are still common in Las Vegas.


Jerry in "Takedown" also recommends that players lock up their winnings and play on to other limits. i. e. a player must set a goal of say $150 for the day, but if he needs to bet out of his $120 win, he must not. If he got to $150, same deal. Jerry calls this a "winlock" and explains that players must divide their winnings into 3 piles. Using the above example, the player pockets his $120 and place his $30 win in 3 piles, two $5 chips each. He will place bets from 1 pile only. For the next hand he places a 1 chip bet from pile #3. If he loses, he bets the last chip from pile #3. If he loses, he is done for the day. If the player however gets on a winning streak he replenishes pile #3 back to 2 units. He then places the next win on pile #1, then pile #2, and finally to pile #3, the betting pile. He might get these 3 piles up to 8 units each, then hit a losing streak and lose pile #3, then it is time to QUIT. This is an excellent way to maximize your winnings and minimize your loses.


Saturday, 17 September 2016

Illinois casinos

Illinois is home to riverboat casinos, and there are 9 major casinos in Illinois. Illinois casinos have been limited by the government's restrictions and are taxed at the highest rate in the nation. The laws also limit the amount of gaming licenses that can be issued to 9, and the state is now at the maximum for gaming licenses. Illinois casinos do, however, offer a wide range of gaming options.


Illinois was the 5th state admitted to the union on December 3, 1818. It covers an area of 57,918 square miles. It is a Great Lakes state, and is nicknamed the "Prairie State". The population, as reported in December 2000, is 12,419,293 and it is the 5th most populated state in the U. S. With the introduction of the Alton Belle, Illinois became only the second state to allow riverboat casinos. All of the casinos offer great gaming from Slots to Blackjack to Roulette, and welcome all guests over the age of 21.


Argosy's Alton Belle Casino was the first riverboat casino in Illinois, opening its doors in 1991. It is located at 1 Front Street in Alton. There are three restaurants available for guests. The casino occupies 23,000 square feet and operates from 9am to 5pm every day. It features a 1,200-passenger yacht and a barge.


Argosy's Empress Casino is located at 2300 Empress Drive in Joliet. There are 85 rooms and 17 suites available at the casino hotel. The casino operates from 10am to 4am on Friday and from 10am to 4am on Saturday. There are three restaurants on site. The casino occupies 50,000 square feet, and has special features like an 80-space RV park and 2,500-passenger barge.


Casino Queen is located in East Saint Louis at 200 South Front Street. There are 150 rooms and 7 suites available at the casino as well. The casino operates from 9am to 7am daily. It occupies 27,500 square feet and offers many features. Besides gaming, Casino Queen offers a 2,500-passenger paddle wheeler, a 140-space RV park and easy access to MetroLink light-rail station.


These are only three of the nine Illinois casinos. They all offer special features that are worth taking a look at, like paddleboats and barges. Most casinos also offer great dining on site. Illinois casinos offer much more than gambling - they offer a great vacation experience.


Thursday, 15 September 2016

Secret formula of black jack winners

When someone plays a game, they play to win. One of the many simple games at the casino is Blackjack. For those who don not know how to play the game, it's always best to start by learning the basics.


When playing Blackjack the most important feature to remember is that there are four times as many cards that have a value of 10 (10, J, Q,K) as any other value. With this information, one must always assume that the next card to be drawn from the deck has a value of 10.


By keeping this in mind, one may realize that if one has any hand that has a value over 12 one will likely lose or in blackjack terms bust (go over 21). Likewise if the dealer's card is a 2-6 it is likely to draw a 10 card which means he will have to draw again, likely causing him to bust.


Another way to make the odds more favorable to the player than the dealer is by counting cards. This of course requires many pages and charts that must be memorized. Having a professionally written guide is very helpful and there are many different authors that have different styles and different counting systems. It's always best to get more than one opinion to find out which style works best.


Practice makes perfect. By investing time and money with online training software learning the game, it will eventually pay off at the casino.


Upon entering the casino, one must choose the right table to play at. When one observes that the players at a table seem to be winning a lot, it is a good time to join in the action. Likewise, if you notice the dealer has a lot of chips and the players seem to be doing more losing than winning, then look for a better table.


Reward the dealer by tipping when one is winning. If the dealer knows he will be tipped when the players wins, he may begin rooting and actually do subtle things to help such as performing less thorough shuffles and penetrating deeper into the shoe before he re-shuffles thus allowing the player to get a more accurate count of the cards.


Though if the dealer starts losing too much money for the casino the pit boss will likely change dealers.


Although it may be impossible to find the perfect game, one should be familiar with how certain house rules affect the player.


Keep in mind that as a rule of thumb, the fewer decks the casino uses the more advantageous it is for the player.


Monday, 1 August 2016

The exciting world of poker tournaments

There are many times of poker tournaments, but the most popular and typical tournament type is the freezeout, meaning that once someone lost all chips he is eliminated. This tournament’s structure is quite simple: you place the buy-in, you start with the same amount as others, then the blinds begin to increase slowly and players get eliminated as they lose all their chips. The prices are given to the top winners, that means to less than 10% of the players in happy cases (sometimes it doesn’t even mean 1%).


But aside this type of tournaments you can also find tournaments that allow further re-buys or add-ons. In these tournaments if you lose all your chips then you can re-buy, paying the same amount you paid initially and receiving the same amount of chips as you did first. Usually the re-buy can be made for a certain period of time after the tournament began. After this period has passed, you cannot re-buy, so if you lose all your chips you will be eliminated. But you can pay to add a certain amount of chips to your stack whenever you feel it is necessary.


There also are the turbo tournaments that basically increase the blinds every five or even two minutes. If you are entering a turbo tournament you have to take into consideration the fact that luck is the most crucial factor here. These tournaments happen fast because all the action is located on the pre flop, player going all-in most of the times.


The satellite tournaments mean that they are not offering cash prices but a "ticket" of entrance to a bigger tournament, like the WSOP. The prices offered are usually relative to the number of people that get into the tournament. But the percent is low, so these tournaments require an aggressive approach.


The steps tournaments mean that you are taking part in more than one tournament. There are a series of satellite tournaments that allow player to gradually qualify for the following step and into the final step the cash prices, collected from all the buy-ins are offered to the best few. The first prize will get the biggest share of the money amount gathered, and then place from 2 to 5 usually receive the rest, a decent prize.


The shootouts are tournaments in which you have to play may single table tournaments one after the other. They are similar to steps tournaments. Players either advance after a table has been finish or are eliminated. The prize will be divided within almost every player at the final table, so the prizes are more but lower than in steps tournaments.


And finally there are the winner takes all tournaments. This are single table usually, and they require an aggressive strategy, as you have to be the first or you lose all anyway. The best example are home games that are usually played this way, mostly to avoid problems. People put an amount in first, and then, after one remains, he will take home all the buy-ins.


Sunday, 24 July 2016

Looking into live dealer casinos

One of the newest phenomena in the online casino world is that of live dealer casinos. This is interesting for several reasons. One of the main detriments to playing online is the lack of human interaction and the idea that the gaming program might not be replicating real game play. A person would log onto a cold computer program and play against some algorithm for hours and hours possibly without ever feeling like they were part of the true gaming experience.


Live dealer casinos have alleviated this problem by putting actual human beings behind the tables and dealing the cards. Because of faster Internet connections and technology that makes meetings and the like possible, players are able to play against a dealer literally a world away.


Live dealer casinos are not without its detractors though. Some players that have played on live dealer casinos complain at the speed in which the dealers deal, or the fact that they take breaks, talk, etc… These are some of the pitfalls that accompany playing with a live human being. Human beings are going to talk, take breaks, etc… If a player is looking for a game in where there are no game interruptions they should simply stay with the computer gaming programs and quit complaining. I hate to break it to them but every single time that I've played on a gaming table in Reno or Las Vegas there was a live dealer and they took breaks, talked, some were slower, and hey, some barely even spoke English. But that's part of the entire experience that someone has got to expect if they are looking for the genuine experience, plain and simple.


One of the genuine downsides to live dealer casinos, though, is the problem encountered by many players in where the dealer is dealing unfairly or is simply cheating. In Las Vegas, for example, the dealers are very strictly monitored by both the casino in the event that they are skimming and by the gaming commission in the event that they are violating the law. Additionally, if a player has a complaint against the dealer they can also tell the pit boss who will hear their complaint. None of these safeguards are in place for the player in a live dealer casino. If they are monitored by the casinos themselves those safeguards are not necessarily as strictly enforced as they are in the traditional casinos. A player has to be especially wary when entering a live dealer casino to play a game that they aren't necessarily very experienced at.


Live dealer casinos are a great alternative for online casino players looking for a little more traditional experience and they are a great place to look. Just keep in mind that like everything in the online world they aren't without their possible pitfalls.


Wednesday, 20 July 2016

Online casino - general legal issues

The increasing growth of online gambling industry surpasses all the expectations when compared with land-based casinos and betting places. From the times when Internet Casinos, Inc., the first virtual online casino started operations back in 1995 until nowadays, not only the effects of online wagering on the established land-based industry came up, but also the need of broadening gambling laws and regulations.


Most of the online casino companies are located outside of the United States to avoid government prosecution because the United States Federal Appeals Courts has ruled about the Federal Wire Act prohibiting electronic transmission of information for sports betting across state lines, but there is no a specific law prohibiting gambling of any other kind. In fact, several states rule in favor of land-based gambling but having specific laws against online gambling of any kind.


While the internet has no frontiers, gambling seems to be ruled by physical country delimiters-boundaries. Gambling is legal and regulated in Caribbean Nations and most European countries, such as Malta and the United Kingdom from where wide arrays of online casinos operate.


However, in America, law says that owning an online casino or gambling related business without getting a license first may result as an illegal act, but if any individual would be willing to get one, however there are no states nationwide that are currently granting online gaming licenses, and regulations vary from state to state.


Government of Antigua and Barbuda, which licenses Internet gambling entities, sent a complaint to the World Trade Organization regarding the U. S. government's actions forbidding online casinos and gambling activities. They won the preliminary ruling but later the Word Trade Organization's appealed and partially reversed such ruling in April 2005.


The appeals panel decision allows state laws prohibiting gambling in Massachusetts, Louisiana, Utah and South Dakota, but ruled that the United States may be violating global trade rules as well, coming as the result of the American laws regulating horse-racing bets because equitably to foreign and domestic online betting companies is not applied.


With this panorama, online casinos await ruling; decision full of ambiguities as the global gambling online regulations. The Caribbean panel held that several online gambling restrictions imposed under American regulations have been inconsistent related to the trade services agreement with the body's GATS.


The economics of online casinos are amazing in comparison with land-based casinos costing up to $300 million to build, while online the cost can be as little as $1.5 million, but US Federal Laws insist to say that gambling is "risking anything of value for a profit whose return is to any degree contingent on chance".


On the other hand, traditional casinos may employ thousands of individuals, while an online casino is easily operated by less than 20 and not necessarily located in the same place, causing an economic impact due to the loss of jobs; so many people believe the regulation benefits the national workforce.


Except for the gambling sponsored by the state, including riverboat gaming, horse racing and lotteries, an online casino is forbidden all over the United States.


Tuesday, 10 May 2016

How to have fun in vegas if you are not a gambler

The casino, when I say this word casino actually several things pop into my mind and I can give you a list of what these things are. But first, I think it is important to say that many people go to Las Vegas and Atlantic City for these reasons, not only just to gamble and this is so important when planning a vacation to Las Vegas.


Sure gambling is the base for all of this, but because of the glitz and glamour of Vegas in the 50's, 60's, and 70's it created a much larger lifestyle than just a bunch of grubby old men sitting around a dingy table playing poker in smoky little poker rooms.


As Vegas transformed into this megalopolis of entertainment and excitement, it gave to you something unique and fun that you just cannot find in another spot on the planet, not even in Atlantic City is it the same.


It gave you gaming and live entertainment with the hottest live acts that circle the globe. Anything from the newest rock 'n' roll to old school rap artists on Las Vegas stages. Comedians from all over perform in Vegas, as well as live magicians like David Copperfield. So it is partly because of splendor like this, and major acts like these coming together in one location that it makes it possible for a place like Vegas to exist. But really Vegas is an anomaly.


So this is what this is really about. Entertainment, food, and relaxation and recreation.


Coming to Las Vegas or even just going to visit a casino in the Caribbean or even in Atlantic City there is just so much more to do than sit around and play slots slowly draining yourself of your hard earned 500 dollars that you had put away solely for playing or entering one of the many poker rooms.


Instead of sitting around all the time eating cheap fried foods that the casinos serve for free while you play, look around or ask someone at the front desk what kind of shows may be happening at the casino in the time you'll be there. Or you could even find out what hot new clubs they host in the area or at the casino itself. Clubs are always great places to meet people that are on vacation and looking to have a fun time with someone new. Meeting new people isn't necessarily one of higher points of sitting at the slot machine for 10 hours a sitting.


Finding a nice restaurant in the area is also a good alternative to just spending another vacation doing the same thing by being in the room and then in the casino and back again never leaving the casino in a whole weeks time. Eating new things will also help broaden your horizons and maybe will help improve your experience of being at the casino when you begin to view it from the outside after being on the inside for so long.


So Finding other experiences at the casino and doing other things will make the whole experience that much better, think how nice it is to do new things and being adventurous on a vacation. And then you will leave feeling more positive about having been in Vegas or Atlantic City.