Wins And Losses Of Casino Gambling

Gambling is a form of entertainment that involves the extensive use of money as betting instruments. While it can be entertaining as well as enjoyable, indulging excessively in the game can be dangerous, especially when the money involved is already one’s lifetime savings after years of hard work. This is especially true when the form of gambling that one indulges in is that of casino gambling. Needless to say, casino gambling has some good and bad effects on a person.

In some countries, especially in those areas where Islam is the prevailing religion, casino gambling is strictly prohibited. Religious authorities in these countries generally frown upon this game of chance basically because of the perceived social costs that it inevitably brings.

However, in a number of countries, especially those which are highly-industrialized, casino gambling is a legal business venture, although certain regulations or limits are often set. This is because the game is a double-edged sword. It gives you the opportunity to double or even triple your money. At the same time, however, when you grab that opportunity, you unwittingly also give the game the chance to take away some,if not all, of your money.

The stakes easily become higher in the case of casino gambling. In this form of expensive entertainment, there are usually only two ways to go – either you get to double your money or you lose all of it. This is not just small money, the amount involved usually run in the thousands. Casinos operate on the basic premise that it allows you to have a crack at their money, but at the same time they get to have a shot at yours as well. Who gets to go home as the winner at the end of the game depends on how you will play the game which will have to include the amount of money that you will be willing to place on the betting floor.

This is not to say that casino gambling should be banned altogether. The game as well as its concept has been with us for decades. Perhaps the game has gone on even for centuries. Another thing, as a form of entertainment, it still has its own share of beneficial effects; relaxation being the prime consideration. The key to successfully playing the game is simply to handle it with the proper attitude.

Gambling to be an effective means of entertainment should be approached as simply a game and nothing more. Of course, the aim is to win if possible. But at the same time, a player should not totally discount the possibility that one could also lose. And losing means giving away only the amount of money that you can afford to lose. This is essentially a good strategy, especially when it comes to the issue of casino gambling, where the betting stakes are higher, in which case a planned betting method is recommended. This will include discipline, which basically means having the ability to control yourself, especially when losses start piling up and the winnings that were accumulated in the early games start dwindling because of your casino gambling.

Casino Games And Mathematics. Part 2.

Thorp managed to find out that owners of gambling houses gave their officials rather strict directions with regard to the strategies which they should stick to in the game with visitors. Control over fulfillment of these directions had its initial aim to prevent from a frame-up of a croupier with the rest of the gamblers, a chance of which could not be excluded. Assigned for a croupier strict rules determining his game strategy really substantially reduced a probability of such a frame-up, but on the other hand, allowed an advanced” gambler to rather adequately reveal the essence of this strategy and effectively oppose it. For unlike a croupier a gambler needn’t show the first of the received cards, as well as isn’t enchained by any strict rules as regards his strategy, that is why flexibly changing his behavior he can confuse a croupier. For example, Thorp found out that practically in all gambling houses of Nevada State croupiers were strictly ordered to keep away from a widow in case the amount of points in his cards exceeded or was equal to 17, and a player, from our mathematician’s point of view did not have to miss an opportunity to make use of the knowledge of even some aspects of a croupier’s strategy for achievement of his aims. Thus, those advantages which had an official of a gambling house from the start (as we already know, he is not obliged to open his cards at the end of the game), can be compensated to a certain degree for the knowledge of a player about the strategic “tunnel vision” of a croupier.

Besides, as has been mentioned, Thorp, while building his strategy presumed that cards were not often shuffled, in particular, if after finishing of a regular game there were still cards left in a pack, a croupier did not collect the thrown-away by the gamblers cards but dealt them anew (and the next game was played), and only after complete exhaustion of a pack, an official of a gambling house collected all the cards, thoroughly shuffled them and a new cycle” began. Naturally, if a gambler had a good memory he could change his strategy depending on the knowledge of the cards which had gone out of the game, and what cards could still be counted upon. It is important to remember that a croupier himself who was to strictly follow the directions of the casino’s owners practically without changing his strategy!

Thorp set himself a task to formulate the rules which would allow him to calculate probabilities of taking out one or another card out of an incomplete pack. Knowing these probabilities a gambler could already with reasonable assurance draw cards from the widow without being too much afraid of a pip out”, and besides, on the basis of the knowledge of some aspects of a croupier’s strategy to make suppositions about those cards which he had, and other gamblers as well. Naturally, as a gambler was to make a decision with regard to a widow very quickly, the sought rules for calculation of probabilities were to be rather simple for a gambler to be able to use them in mind” with the help of neither a calculator, nor a pen and paper (even if we suppose that a gambler will be given a chance to do calculation on paper, it will certainly arise suspicion). Edward Thorp managed to solve this mathematical problem having created rather simple algorithms for calculation of probabilities of taking out of one or another card from a pack, and using them to build a strategy of the game of twenty-one which would not be very complicated, allowing a gambler to considerably increase his chances of winning!

As the Hungarian mathematician A.Reni states after a few days of presenting his report on the obtained results at the meeting of the American Maths Society in 1960 in Washington Thorp received from a businessman a letter with a check for 1 thousand dollars intended for checking of a winning strategy in practice. Thorp accepted the check and having learnt the formulated by him rules left for Nevada to try his discovery. The trial went well: less than after two hours Thorp won 17 thousand dollars.

Needless to say, the owner of a gambling house didn’t share Thorp and his companion’s delight with regard to a successful comeout of the trial and the next day did his best to prevent Thorp from joining in the game. Later on Thorp tried to penetrate into other gambling houses, but the news of him had already spread far and wide, so that the doors of all the gambling houses appeared to be closed for him. Several times having adjusted a fake beard or having got a make up of a Chinese, Thorp managed to get to the gaming-table, but in any disguise his constant gain invariably gave him away. Thorp had to refuse from further checking of the strategy developed by him”. Though “additional checks” were necessary” only to enrich the pockets of the talented mathematician. One could hardly doubt that E.Thorp managed to create a real winning strategy!

However, since he could no longer benefit from his discovery himself, he decided to render welfare assistance” to his colleagues having published in 1961 a small article in an American academic journal (Thorp E.O. “A favourable strategy for twenty-one”, Proc.Nat.Acad.Sci., 47, 110-112, (1961)). And despite the small size of the article and, consequently, an extremely condensed form of persentment, made it comprehensible for rather a narrow group of professionals, one can be sure that a number of American scientists and their friends certainly “improved” their material situation (owners of gambling houses were unlikely to read scientific magazines at that time).

Canadian Casinos North Of The Border For Fun & Games

Gambling in Canada expanded in leaps and bounds during the 1990′s.

Canada now boasts 59 casinos and 70 racetrack/slots venues in 7 provinces and NWT.

Provincial governments oversee gaming in each of the participating provinces.

The legal gambling age is 19 years of age. I suggest you call ahead for casino hours and location.

All information is correct at time of writing, but may change.

Nova Scotia

Casino Nova Scotia operates two locations in Halifax, 1983 Upper Water St. on the waterfront-Purdy’s Wharf and Sydney.

Quebec

All casinos have a dress code (no jeans), and no gratuities are accepted.

Casino Montreal: 1, Avenue du Casino, Montreal in Parc Des Iles. Nuance – 5 star restaurant.

Casino de Hull: 1, Blvd. du Casino, Hull. Across the river from Ottawa, Canada’s capital city.

Ontario

Contact Ontario Casino Corp. 416-326-0076 for current updates.

Charity Casinos: Four locations. All use The Winners Circle players card.

Brantford: 40 Icomm Drive, Brantford. Located 55 miles southwest of Toronto in downtown Brantford, ON. This celestial themed casino has a gift shop, a liquor license, Meteor Bar lounge and dining at the Cosmic Diner cafeteria. Open 24 hours.

Thunder Bay: 50 Cumberland St. S., Thunder Bay. Location: On the north shore of Lake Superior in Thunder Bay, ON. The area is rich in the history of mining, marine and fur trading. A sea faring themed casino of more than 14,000 square feet.

Point Edward: 2000 Venetian Blvd., Point Edward. Location: Ten blocks from Sarnia, Ont. near the Bluewater Bridge on the St. Clair River. Indoor sights of a ship’s hull, saltwater aquarium and glass bridge add to this nautical themed casino.

Casino Sault Ste. Marie: 30 Bay St. W., Sault Ste. Marie. Location: Northern Ontario approx. 400 miles north of Toronto. Great hunting and fishing in this area.

Eighteen racetracks have placed more than 9000 slots as per the provincial plan in partnership with the Ontario Lottery & Gaming Commission.

Manitoba

VLT’s available in many bars throughout Manitoba. Two of the best are:

Club Regent: 1425 Regent W., Winnipeg.
McPhillips Stn.: 484 McPhillips St., Winnipeg.

Saskatchewan

Casino Regina: Union Station, 1880 Saskatchewan Dr. is this province’s premiere casino.

Alberta

Casinos offer regular slots rather than VLT’s.

Edmonton is Canada’s fastest growing gaming city, and Casino Yellowhead is its jewel.

Home to the world’s largest shopping/entertainment complex – West Edmonton Mall.

Casino Yellowhead: Yellow Head Trail at 153rd St. located in the West Edmonton Mall.

At 73,500 sq. ft, Yellowhead is the largest casino in western Canada.

British Columbia

Great Canadian Casinos operates several casinos in BC.

Most locations offer these table games: Blackjack, Roulette, Mini-Baccarat, Red Dog, Let It Ride, Caribbean Stud Poker, Sic Bo, Texas Hold ‘Em, Seven-Card Stud Poker and slots.

Each casino is centrally located in large municipalities and offers currency exchange,food and beverage service, wheel chair accessibility and nearby public transportation.

Western Canada Lottery Corporation works in conjunction with the provinces of Alberta, Saskatchewan, Manitoba and territory of Yukon and Sport North Lottery Authority.

There are no taxes paid on lottery or casino winnings in Canada.

Being Canadian and born in Toronto, the research for this information was a labour (Canadian spelling) of love.

Information About Free Casino Slot

Most people believe that the slots are the worst bet there is in a casino. This is because earnings are not as high compared to other casino games. Some people say that this is the very reason why the slots are the favorite game of new casino players and women.nnBut this assumption is not true ? slots are not the worst bet, even when we are talking about free casino slot which can be played online. There are actually a lot of casino games which have higher house edge and lower payoffs.nnMost free casino slot machines have an average house advantage of 2% up to 15%. Looking at the reports coming from the Nevada Gaming Commission and online slots, the average is at around 8%. Now, here\’s a list of casino games and the corresponding average house advantage;nnBaccarat (tie bet): 14% Casino War (tie bet): 18% Craps (any):11% Sic Bo (depends on the bet): up to 33% Big Six: 11-24% Keno: 25-30%nnLooking from a purely mathematical point of view and ignoring player errors, we see that casinos have a higher advantage by offering the games above. Now, let\’s consider the way the games are being played and if a player is playing properly. Many games offer a low house advantage only if the game is being played properly. So if you love poker, you ought to know what kind of poker your favorite casino is offering. The better you are at a game, the higher your chances are of winning.nnThis is not true when it comes to free casino slots. Slots are so simple that the chance of making a mistake is so low. According to most \”Slots experts\” playing the maximum bet is a great idea since you will surely break even when you win – this is because no other game in a casino has a higher bet to win ratio than that of slots. Sure, you might not win every time you play free casino slot but you will always have a high chance of earning good money for a relatively low bet.nnNow let\’s talk about entertainment value – the very reason why gambling was invented in the first place. The penny slots you find at pubs and bars now have an online counterpart, and it also offers hours of entertainment – yes, this is true even if you have the smallest bankroll known to man. There are some free casino slot which offer bonuses and video slots have even more features that will keep you glued to the edge of your seats.nnSo, back to the question: are slots the worst bet in a casino? Well, if you want to get rich, then slots is certainly not the game for you. But if you are looking for entertainment and a way to earn a small amount of money, then slots are your perfect choice. Remember, however, that casino games are all games of chances. Don\’t go playing a free casino slot expecting to get a thousand dollars. Just try to relax and enjoy, who knows, you might just get a bonus.

Best Casino Gambling Pay-outs

Nobody comes to a casino simply because they want to have fun. Underneath this vague reason is the desire to bring home cash, and lots of it. Indeed, casino gambling is a way to get your hands on lots of cash in a short time. However, it can also be the way to lose cash in an even shorter time. The thing with casino gambling is that the games have different pay-out rates. For example, spending half an hour in the slots will not help you reach the hundred dollar mark unless you win the jackpot. But if you go and spend time at the roulette table, you can reach the 200-dollar mark without waiting for 30 minutes. Likewise, you could lose all your casino gambling money at the roulette table in a shorter time than it will take you to lose $10 at the slots.

The trick to maximize casino gambling profits is to choose the right games to play. High pay-out games usually give you more money for limited funds. However, skill is highly needed in playing these games. Being a novice and attempting this game with the more experienced players only make you lose your funds. The rules may vary in different casinos, but still the most favored high-paying games are blackjack and video poker.

Depending on your casino’s blackjack rules, blackjack is a game wherein a player can expect high returns providing he plays wisely. There are many variations in blackjack rules like the number of card decks, splitting and doubling bets, and other rule variations. Years back, most casino gambling websites offer great odds. If played strategically, the player even gets valuable advantage. However, rules change and now, the odds are in the casino’s side regardless of the player’s strategy. So to ensure good pay-outs in playing blackjacks, it is to your favor to seriously consider being an advance blackjack player.

Of course, not everyone is born with jacks and aces in their hands. But learning good blackjack strategy is easy. There are many free and downloadable blackjack software tools that you can download and practice on. Also, blackjack books are available at most bookstores. These books are usually authored by top blackjack players who have gained fame and fortune in playing the game. Don’t frown because nothing is easy these days. Being a winner requires effort, so that at least you can enjoy yourself doing it. With regular blackjack practice, you could soon be the next casino gambling blackjack king.

Video poker is another casino gambling game that has a reputation for high pay-outs. However, like blackjacks, video poker rules and pay-out schemes vary among casinos. Examining the casino’s pay tables is important before starting video poker, or any game for that matter. Usually, there are different video poker machines at a given casino. Be sure to choose the one with best pay tables, otherwise, you’re just giving the casino your money without a fight. Good pay tables are assurance that the game you’re playing actually favors you.

Good video poker machines usually allow over a hundred percent return the longer you play the game. Also, despite being similar to slot machines, video poker is not a game of chance. This means that you have an actual advantage depending on your skills. Consequently, you cannot play the game and expect a high pay-out without understanding the basic rules and arming yourself with useful techniques. Casino gambling is fun, but it does entail some work.

Most casino gambling websites and traditional casinos offer both games. Betting experience and game skills improve your chances of winning the games and getting high pay-outs. Though playing requires effort in learning the games and mastering the skills, it does have its rewards. Besides, casino gambling is more fun if you go home laden with cash than big debts.