May 3, 2016
Hollywood would have us believing that only a genius can crack the code to success inside a casino. In Rain Man, Raymond Babbitt used natural abilities to count cards in blackjack while pit bosses were none-the-wiser. In 21, a team of gifted MIT students developed a system to engineer the same game. Others have used everything from sophisticated loopholes to computer algorithms to break games like blackjack, poker, and, in this case, roulette to win millions.
March 31, 2015
The odds of drawing a royal flush are 30,939 to 1. The chances of pulling 20 out of 20 on an 80-ball Keno are about 3.5 quintillion to 1. Hitting a single number on roulette carries a probability of 35 to 1 against. Gamblers love to know the odds. It is the intriguing part of the strategy. Even when looking at the business of gambling, we all become Jimmy the Greek and look at the spread.
March 30, 2015
Live betting has been gaining popularity recently and has created a playground for action junkies. Because live betting includes bets while the game is being played, there are a variety of betting options. There are bets on every pitch, every kick and every completed pass, plus a multitude of other conditions. Because bets happen during the action, you can expect fluid spreads during the game.
February 6, 2015
This is a brief glimpse into the serendipitous lives and times of the MIT Blackjack Team, one of the most enduring legends of contemporary gambling.
This group of geniuses met when they were studying at the most prestigious universities in the United States, including Harvard, Columbia and the Massachusetts Institute of Technology (MIT). They were math whizzes and, judging by the story that unfolded after their legendary collaboration, it seemed that their favorite sport was risk-taking. Together they formed the MIT Blackjack Team and their story was immortalized in the 2008 movie 21.
January 27, 2015
Whether you like placing bets for fun or do so professionally, everyone’s got a little gamble in them. Gambling itself is rich with a full lexicon of words that it pays to understand before you start making your wagers. Here, then, is a rundown of 21 of the more common terms used in all forms of gambling. Why 21? No particular reason other than that being the minimum age to gamble in Las Vegas—and we all know there’s nothing like gambling in Vegas!
January 12, 2015
Sports betting offers some of the biggest payouts you can make in a casino. Sports wagering is also one of the parts of a casino where the bettor can make money. The casino always has a small house advantage but with enough research and smart betting strategy, it’s possible for sports bettors to turn a profit. Today about 1% of all sports bettors are professionals. That’s a greater percentage than you’ll find for other casino game. Before getting down like a professional sports bettor, it’s important to know some basics.
November 20, 2014
Roulette is a simple game. The dealer, also known as a croupier, spins a ball over a wheel with 36 numbered slots and two zeros (for American roulette). The slot the ball falls into is the winning number. Gameplay is simple at face value, but winning at roulette isn’t so simple.
The casino only pays 35-1 for a bet on a specific number. If casinos paid true odds they would offer a 38-1 return on a roulette number wager. The probability of getting a winning number on a single roll is 2.63%. The casinos have a 5.26% house edge on a single number wager in roulette. In fact, that’s the house edge the casino has for most wagers in roulette. That’s quite a large advantage for the casino and players have been trying to find the perfect system and strategy to beat roulette for years.
November 13, 2014
When we gamble, the goddess of Fortuna decides our fate. It seems like a pretty good deal: you pay to feel the excitement of letting chance define your fate and possibly make a winning. Well, for some individuals this deal wasn’t good enough and they decided to cheat. Now…cheating a casino is quite the feat, and these guys used tech savviness and imagination to trick the entire operation into paying out the big bucks.
The history of modern gambling is populated with fascinating stories of individuals who tried to counter the old adage “the house always wins” by duping the casino. The epic stories of these master gambling scams strategies are practically cinematic, with a few of them even landing on the big screen like, say, “Ocean’s 11” or “21.”
There are two main cheat categories (depending on the type of gambling): digital and mechanical. Although the most infamous of the lot have been mechanical, as it is easier to manipulate objects than it is to manipulate complex algorithms.
October 30, 2014
Online gambling is fun, but finding an online casino can be tricky. There are so many options (thousands, in fact) that it’s hard to keep track of what’s available and, more importantly, which casinos are trustworthy. You don’t want to win a big pot and then realize the system was faulty and you lost it or that there are/were poker bots at the table.
September 30, 2014
The transition from an analog to digital production of random events is a complex affair. Digital gambling platforms stage chance or random events using algorithms called Random Number Generators (RNG). These algorithms are an essential part of the software that guarantees games are fair for all participants. In online poker, for example, attention is focused on the randomness of the shuffle. In online slots software produces an aleatory alignment of the reels. It is important for online casinos to be transparent about the software they use, as the online gambling industry is highly reliant on gamblers’ trust. One way of gaining that trust is getting industry certifications that guarantee fairness. Online gambler networks are also key in building an online casino’s reputation, with websites such as Casino Scam Report offering user reviews based on experience and trust. Poker bots (software that takes the place of players) are unfortunately common in online poker, and user networks work hard to identify them. There are literally thousands of online casinos, so here are three software-related things that you have to keep in mind when choosing where to play.