Archive for the Casino Tips & Strategies category
October 5th, 2009
We all know that gambling means lots of money for the government. While for problems gamblers, it means losing, health and work and family problems.
In its defense against a gambler, who recently sued the Ontario Lottery and Gaming Corporation after losing almost $500,000 Canadian dollars, the corporation holds that casino gambling is a form of entertainment and that patrons pay for casino “entertainment” through wagering “just as theater patrons pay for a ticket to a play or sports fans pay for a ticket to a game.”
A research from Statistics Canada shows that net revenue from Canadian government-run lotteries, video lottery terminals, casinos and slot machines (not in casinos) rose steadily from $2.73 billion in 1992, to $13.67 billion in 2008.
It means the average gambling revenue per person 18 years old and over in 2008, were from $114 in the three territories to $825 in Saskatchewan, with a Canadian average of $528.20.
Ontario Lottery and the Gaming Corp. stats show that the revenue generated from legalized gambling in Ontario alone was $6.4 billion in the 2008-2009 fiscal year, compared to $6.2 billion during for 2007-2008.
Big gamblers are losing more than $1-million a year apiece and others are dropping hundreds of thousands of dollars at some Canadian casinos, according to documents that reveal for the first time the magnitude of gamblers’ betting habits.
Documents obtained under Freedom of Information legislation show the top gamblers in British Columbia and Ontario are losing as much as $1.8-million and $701,000, respectively, while many others are blowing sums in the low six figures. Loto-Québec refused to provide similar data, saying it constitutes commercial information that is competitively sensitive, and that even unnamed players could possibly be identified.
Research has established that about one-third of government gambling revenue comes from problem gamblers. Data found on player’s cards is not used to help potential problem gamblers, but often to reward them - and to keep them coming back for more. Player’s cards resemble hotel keys and are inserted into slot machines or handed over to dealers by the gamblers themselves to collect various rewards (like free hotel rooms, dinner, merchandise, cash back and so on).
Here are some points to consider whether you have gambling problems or not:
* Constantly thinking or talking about gambling.
* Spending more time or money on gambling than you can afford.
* Finding it difficult to control, stop, or even cut down gambling.
* Gambling more in order to win back losses or getting out of financial trouble.
* Thinking that your gambling will get under control as soon you have a “big” win.
* Borrowing money, selling things, or committing criminal acts in order to get money for gambling.
* Gambling until all of your money is gone.
* Gambling to escape personal problems or to relieve feelings of anxiety, depression, anger, or other negative emotions.
* Having arguments with friends or family about money and gambling.
* Gambling instead of attend family or other social functions.
* Neglecting work or school because of gambling.
January 30th, 2008
When the sun goes down, electricity sparks. Prepare to be mesmerized by marquee entertainment and blockbuster acts in the 1500 seat Avalon Theatre. For something a little more intimate, find a private corner in The 365 Club or sit back and relax at the Breeze Bar, located right on the casino floor.
Upcoming Shows:
- José Feliciano » February 1
- Neil Sedaka » February 8 & 9
- Paul Anka » February 16 - 18
- Lui Fong with special guest Anthony Lun » February 24 & 25
- Dancing Queen » March 3 - 9
- Melissa Manchester » March 15
- Ronnie Milsap » March 21 & 22
- Gladys Knight » April 3 & 4
- Ray Charles “I Can’t Stop Loving You” » April 7 - 13
- The Searchers » April 18 & 19
- Sanremo 1960 - 1970 » April 27 & 28
- Trace Adkins » February 2
- Kenny Rogers » February 15
- The Beach Boys » February 22 & 23
- Starship featuring Mickey Thomas » February 29 & March 1
- Trisha Yearwood » March 13 & 14
- Umberto Tozzi and Fausto Leali » March 16 & 17
- Gary Sinise and The Lt. Dan Band » March 28 & 29
- Sheena Easton » April 5
- Cruisin’ Classics » April & May Matinees
- Vicki Lawrence & Mama: A Two-Woman Show » April 25 & 26
January 13th, 2008
True Odds, or True Table Odds, involve multiples of the added odds available in the casino, creating what appear to be uneven free odds available for the player, depending on the point, but which actually simplify things for them in terms of running the game.
Purportedly they are good for the player, because it will reduce the house edge on more bets. But the casino’s motivation is to simplify the game, make it move faster, and get more money on the table, with the residual effect of more money eventually going to the house.
It has the effect of increasing the payoff on added odds bets - the Pass, Don’t Pass, Come and Don’t Come.
If 2x Odds was the standard, now it would be different:
– 3x Odds on the 4 and 10
– 4x Odds on the 5 and 9
– 5x Odds on the 6 and 8
As you’ll see below, this actually works toward equalizing the payoffs. Based on the initial bet of $5……
On the 4 AND 10, there is 3x Odds — on $5 bet, that is $15 added, which comes to $30 at 2/1 odds
On the 5 AND 9, there is 4x Odds — on $5 bet, that is $20 added, which comes to $30 at 3/2 odds
On the 6 AND 8, there is 5x Odds — on $5 bet, that is $25 added, which comes to $30 at 6/5 odds
Add the $5 initial bet and all payoffs are $35
For $10 bets….
On the 4 AND 10, there is 3x Odds — on $10 bet, that is $30 added, which comes to $60 at 2/1 odds¼br> On the 5 AND 9, there is 4x Odds — on $10 bet, that is $40 added, which comes to $60 at 3/2 odds
On the 6 AND 8, there is 5x Odds — on $10 bet, that is $50 added, which comes to $60 at 6/5 odds
Add the $10 initial bet and all payoffs are $70
For $25 bets…….
On the 4 AND 10, there is 3x Odds — on $25 bet, that is $75 added, which comes to $150 at 2/1 odds
On the 5 AND 9, there is 4x Odds — on $25 bet, that is $100 added, which comes to $150 at 3/2 odds
On the 6 AND 8, there is 5x Odds — on $25 bet, that is $125 added, which comes to $150 at 6/5 odds
Add the $25 initial bet and all payoffs are $175
December 21st, 2007
We can answer that easily:
* IT IS A LOT OF FUN — Normal, everyday folks don’t often have the opportunity to experience what Wide World of Sports might have termed “the thrill of victory,” that is, the idea of being a star, even if only for a day. That brings an adrenalin rush, and isn’t that fun?
* UPSIDE-DOWNSIDE RATIO IS FAVORABLE — Because most of the tournaments have added prize pools, there is, as we have mentioned in previous posts, the chance for the average player to make a big win, while at the same time, operating with comparatively little real risk. So there is a great deal of value in participating.
* IT’S A GOOD LEARNING EXPERIENCE — If you know the basics of a game but are not an expert at it, the tournament format may be an ideal platform for you to improve. You’ll also learn a lot more about money management, since that is a vital element to surviving and competing.
* MORE STRUCTURE — A lot of people appreciate the structure of a competition, which gives them something more to shoot for than regular game play in the casino. Here, you get to measure yourself against the abilities of other players, or get rewarded for your luck (whichever way you want to look at it!).
* YOU’LL GET BETTER EACH TIME — Playing in a tournament may seem very unfamiliar and uncomfortable at first. But once you get used to the tournament format, it will get easier and easier each time you play it. That can only add enjoyment over the long run.
* YOU’LL GET RESIDUAL BENEFITS — This is one thing the online casinos have down pat. People who participate in tournaments often have bonus points added to their account or get the opportunity to get into bigger tournament events for entry fees that are either reduced or waived. You will certainly be rewarded for taking part in tournaments.
Tags (online tournaments, slots tournaments)
