Casino Gambling: What's Hot Now: Gambling Addiction

Casino Gambling: What's Hot Now
These articles that had the largest increase in popularity over the last week // via
Gambling Addiction
Nov 18th 2012, 11:08

The casino is an exciting place to visit. Players visit the casino for different reasons. Some take the time to learn the skills needed to play the games with the primary goal of winning money. The majority of players visit the casino for entertainment. Playing the games is an enjoyable experience and the lure of winning money adds to a player's excitement. Some players enjoy the adrenaline rush and experience a high that accompanies the thrill when they risk their money on the games. For some this feeling can be seductive and alluring and some players succumb to the darker side of gambling, addiction.

Addiction is a compulsive need. What starts as a pleasurable experience turns into an uncontrollable destructive craving. Some people become addicted to alcohol, drugs, sex, food and gambling. When the thrill of the game outweighs everything else, the player has crossed over the line from player to addict. Gambling, like all addictions can be devastating for the person and his family.

Gamblers Anonymous has a list of Twenty Questions for anyone who feels they may have a gambling problem. I have received permission to reprint them here and I urge everyone to take a moment to read through the list of questions.

Twenty Questions

1.Did you ever lose time from work or school due to gambling?
2.Has gambling ever made your home life unhappy?
3.Did gambling affect your reputation?
4.Have you ever felt remorse after gambling?
5.Did you ever gamble to get money with which to pay debts or otherwise solve financial difficulties?
6.Did gambling cause a decrease in your ambition or efficiency? 7.After losing did you feel you must return as soon as possible and win back your losses?
8.After a win did you have a strong urge to return and win more?
9.Did you often gamble until your last dollar was gone?
10.Did you ever borrow to finance your gambling?
11.Have you ever sold anything to finance gambling?
12.Were you reluctant to use "gambling money" for normal expenditures?
13.Did gambling make you careless of the welfare of yourself or your family?
14.Did you ever gamble longer than you had planned?
15.Have you ever gambled to escape worry or trouble?
16.Have you ever committed, or considered committing, an illegal act to finance gambling?
17.Did gambling cause you to have difficulty in sleeping?
18.Do arguments, disappointments or frustrations create within you an urge to gamble?
19.Did you ever have an urge to celebrate any good fortune by a few hours of gambling?
20.Have you ever considered self destruction or suicide as a result of your gambling?

Most compulsive gamblers will answer yes to at least seven of these questions.

Some times people think they may have a problem and after they read the questions they realize that they do. If you or someone you love has a problem there are resources available no matter where you live. I have collected some links to resources on the Internet. In the left column on the home page you will see a new subject entitled "Problem Gambling." You will find several links there to organizations that can supply help and information for anyone affected by gambling addiction.

With any type of addiction the addict must admit that they have a problem. Many addicts are in denial of their problem. If you know someone who is addicted to gambling but refuses to help themselves there are organizations that can help you. The About Alcoholism site has many links to resources for families of gambling addicts.

When it becomes more than a game it is time to get help. There are many resources where a player can find help.

Contact Gamblers Anonymous or check for local resources provide on the Problem Gambling Subject page listed in the sidebar.

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Casino Gambling: What's Hot Now: Craps Odds Bet

Casino Gambling: What's Hot Now
These articles that had the largest increase in popularity over the last week // via
Craps Odds Bet
Nov 18th 2012, 11:08

From , former Guide

Odds for Point of 6 or 8

 Craps - How to Make the Odds Bet

If the point number is 6 or 8 the odds bet pays $6 to $5. You must make your odds bet in multiples of $5. If the casino offers double odds and you have a $5 pass line bet you can bet $10 in odds. If you wanted to take single odds it would be $5.

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Casino Gambling: What's Hot Now: Tipping

Casino Gambling: What's Hot Now
These articles that had the largest increase in popularity over the last week // via
Nov 18th 2012, 11:08

Casino dealers are members of the "Service Industry." This means that they rely on tips for a substantial part of their income the same as many waiters and waitresses. Their service however is quite different. A waitress supplies a service by taking your order to the cook and delivering your food to you in a professional and friendly manner. Hopefully while it's still warm and you're young enough to have the original teeth that you walked in with. The size of their tip is usually a reflection of how efficiently they preformed their duties. Many people feel that the word TIPS is an acronym for the phrase, "To Insure Prompt Service."

The service a casino dealer provides is similar in some regards to that of the restaurant worker. They deliver (deal) the casino game to you. You expect this to be done in a friendly and efficient manner that will keep the game going without any unnecessary delays. Their other duties are to make change and pay your bets when you win. Unfortunately one of the dealer's duties includes taking your money when you lose.

In the movie, National Lampoon's Vegas Vacation, there are several hilarious scenes when Chevy Chase encounters the blackjack dealer from hell. This particular dealer takes great pleasure in beating Chase out of all his money every time he sits down at the table. He gloats and rubs it in whenever he wins a hand. It makes for some funny scenes but in reality the majority of the dealers want the players to win. The money you win is not coming out of the dealer's pockets so they would love to see you win. They know that most players who have a losing session are not going to be inclined to tip them.

It's human nature that when you are losing money at the table you are not feeling to benevolent. A good dealer will try to be friendly and personable so that the players will feel they are having a pleasurable experience even when they lose. Players having fun and enjoying themselves are more likely to leave a tip even after a bad session.

In some casinos the dealers gets to keep their own tips. In other establishments they have to pool the tips. I have found that dealers who keep their own tips tend to be even friendlier than the ones who pool their tips. I realize that this is a pretty general statement and I am speaking only from my personal experience. When I encounter a friendly and efficient dealer I will sometimes ask if they get to keep their own tips. If they do I tend to be a little more generous as I know they are receiving the full amount of the tip they earned.

In establishments where the tips are pooled, dealers will sometimes put pressure on each other to tow the line if they are bringing in their fair share of the tips. I had a friend who was a dealer in one of the smaller casinos in downtown Las Vegas. Where she worked the dealers on each shift pooled their tips. They had one dealer on the shift that was surly and very unfriendly and this was reflected in the tips from his table. The dealers on the shift had a "chat" with this individual telling him that his attitude was hurting all of them and he better clean up his act or perhaps go work elsewhere. His attitude improved greatly after talking with his co-workers.

There are several ways you can tip a dealer if you are inclined to do so.

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Casino Gambling: What's Hot Now: badplayer

Casino Gambling: What's Hot Now
These articles that had the largest increase in popularity over the last week // via
Nov 18th 2012, 11:08

Over the last year Poker has become the hottest game in the world. To say there is a fascination with the game would be an understatement. The new found interest in poker by millions of people this year can be attributed to a couple of events.

Television has brought Poker out of the cardrooms and into the living rooms of millions of people who have become fascinated with the reality game shows. The Travel channel gambled that the World Poker Tour would attract some viewers. It hit the jackpot when it turned into the Networks top rated show. This was the start of more Poker on Television. In past years ESPN would reduce the annual World Series of Poker into a two hour program. This year they turned it into a multi-program series. There was a six hour broadcast of the Showdown at the Sands Poker Tournament on Thanksgiving Day. The Bravo Network is broadcasting a Celebrity Poker Tournament and more poker tournaments are set to be televised in the future. Recently, it seems that every broadcasting network is trying to get a poker show on the air. This year should see the poker continue to grow.

Online Poker rooms have been springing up on the Internet and they have been growing as more and more people log on to play poker with players from around the world. When Chris Moneymaker won the 2.5 million dollar first prize at the World Series of Poker in 2004 and Greg Raymer won 5 million in 2005 after winning their entries on an Internet Poker site, millions of would be players dreamed of becoming the next World Champion. Millions of new players flocked to the online poker rooms to try their hand at playing Poker. Many of them have been playing in the freerolls or low limit games in which the players are not very knowledgeable or serious about the game.

The combination of Internet players and television viewers has led to an increased number of new players making their way to the casino card rooms. The Poker Rooms in Tunica have seen the influx of these new players who want to try their hand in a live game. Most of these new players have little or no knowledge of the game other than the basic rules. Many of them have gotten all of their education from watching the tournaments on TV. Texas Hold’em is the game of choice because it is easy to learn the basic rules and this is what they have been watching on TV.

On television they see the pros making huge raises with trash hands and figure that this is the way the game is supposed to be played. Few of them are savvy enough to note that the players are either initiating a raise or re-raising with the trash hands. You will not see the pros merely calling with garbage hands. In addition, what they are seeing on TV is the final table that has been edited down to two hours. The hands shown on TV have been picked for their dramatic outcomes. They don’t see the boring hands where the majority of players have been folding time and time again. They also don’t realize that they are watching a short handed game that starts with six players.

Two Types of Players
Some of these players with their TV education make their way to the cardrooms in the casino or log on to an internet poker site confident that they know how to play the game. They sit down in a Low Limit game and play the way the have seen players play the final table of a televised No Limit tournament. They think that they can win a low limit game by bluffing and raising and they play like maniacs. This is one of the types of new players you will see in the Poker room these days. They are really easy to spot. Other players who have had their interest piqued by TV or have played a little on the internet are a meeker type. They are weak passive players who will sit down in a game and play a lot of hands but rarely raise of fold.

Both the maniac and the passive players have something in common. They don’t know how to play the game properly. They rarely have any concept of starting hand requirements, pot odds or even how to read the board. Some of them will use the any two will do strategy while others will be more selective and wait for two suited cards. Many of the new players think that a single ace is the Holy Grail and constitutes a raise every time they have one. They will cold call raises with hopeless hands and chase all the way to the river looking for a miracle card.

The number of new players has actually been a double edge sword for the knowledgeable player. Bad players are profitable for good players. In low limit games you will make more money from your opponent’s mistakes than you will from your own fancy play. This is because most of the new players are only interested in their own cards. Few of them even notice what type of hands the other players are playing.

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Casino Gambling: What's Hot Now: profitable sports betting

Casino Gambling: What's Hot Now
These articles that had the largest increase in popularity over the last week // via
profitable sports betting
Nov 18th 2012, 11:08

Sports betting appeals to the smart bettor because it is not a game with a fixed house edge where the casinos are raking off fixed percentage. Sports betting requires more skill than luck similar to live poker. You won’t win every time but the skilled handicapper has a huge advantage over the recreational bettor. Before going into more detail you need to understand how sports betting works. We will take a look at football where a point spread is involved. (Basketball also uses a point spread.)

The casino Sports books make their money on sports bets by collecting a commission on losing bets. This is called the Vigorish or Vig for short. The most common odds are 11 to 10. This means that if you want to win $100 you are risking $110. For example you place a bet on the Giants at the casino sports book and pay $110. If the Giants win you collect $210 when you cash your winning ticket. If you lose your bet you lose the $110.

Ideally the Sports book would like to have the same amount of money wagered on the two teams playing. If the Giants are playing the Colts and they have one player betting on the Giants and one player betting on the Colts they would pay the winner $100 but collect $110 for the loser. This gives them a $10 profit so they really don’t care who wins as long as they have an equal amount bet on each team. To accomplish this they assign a line or spread to make the contest equally attractive for both sides.

The Point Spread
Many people believe that the point spread is the predicted margin of victory by which one team will beat another team. This is not true. The line is the handicapper’s prediction of what number will be required to split the wagering evenly on both teams. For this reason the line may change from the opening line to the line at game time. The Sports books goal is to have the betting as evenly as possible.

If the public is swayed by sentiment to bet on a certain team then the odds makers need to adjust the line to get some action on the other team. Otherwise the betting would be heavily lopsided. The general betting public reacts from the opinions of others. This is why you see so many people “Jumping on the band wagon” of a winning team.

For the sports books the line is flawed if it does not attract the same amount of action on both sides however from a smart handicapper’s point of view, the line is flawed when it does not compute to his predicted outcome of the game. A weaker team can actually become the favorite if public sentiment is with that team. When this happens the underdog presents a huge overlay for the seasoned handicapper meaning that the odds are in his favor. For example: Team A should be a 3 point underdog to Team B however The public loves Team A and are betting on them and the line moves to make Team A a one point favorite, then Team B becomes an excellent bet. This is the contrarian principle and why many smart handicappers go against the general betting public.

The Handicapper
A winning handicapper formulates his own opinions about the game and ignores most of the public sentiment. A handicapper takes information for numerous sources, assigns weights and values to it. They will make their own power ranking and predict what the point spread should be without looking at the official line first, and then compare their predictions to the line to look at discrepancies. The large amount of data available via the internet and other sources means that the handicapper has more information but it means there is more to sift through to find the gems. The use of computer programs can help when searching through the data.

Why don’t more people win at sports betting? Like any other endeavor it takes time, patience and practice to become successful. A person of average intelligence can become a winning handicapper if they have the desire. Based on the odds of -110 for a straight football or basketball bet a handicapper only need to be right 52.38 percent of the time to break even however many sports bettors cannot achieve that percentage of winning over the long run. The chart below shows the break even points for the various odds you will encounter when you make a bet on the money line. With higher odds you have to have a higher winning percentage to break even. If you bet the underdogs you can have a lower win percentage and still make money.

Winning Percentages

Favorite Winning % Underdog Winning %
-110 52.38 +110 47.62
-115 53.49 +115 46.51
-120 54.55 +120 45.45
-125 55.56 +125 44.44
-130 56.52 +130 43.48
-135 57.45 +135 42.55
-140 58.33 +140 41.67
-145 59.18 +145 40.82
-150 60.00 +150 40.00
-155 60.78 +155 39.22
-160 61.54 +160 38.46
-165 62.26 +165 37.74
-170 62.96 +170 37.04
-175 63.64 +175 36.36
-180 64.29 +180 35.71
-185 64.91 +185 35.09
-190 65.52 +190 34.48
-200 66.67 +200 32.26
-220 68.75 +220 31.25
-240 70.59 +240 29.41
-250 71.43 +250 28.57

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