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!
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.
September 4, 2014
Gambling is a cultural practice defined by chance or what the ancient Greeks called alea. As such, gamblers have little or no control over the outcome. It is important to keep this undeniable fact in mind when spending a few bucks in a bricks-and-mortar or online casino. Unpredictability is just one element that makes gambling fun, right? But it’s not so much fun when the odds are not in your favor and winning becomes an obsession (a recreational gambler with the right gambling mentality remembers not to chase his losses).
While some forms of gambling, like poker (either online or in a traditional venue), require some level of skill in bluffing and reading other players, most forms of gambling are purely defined by chance. This means that whatever control you think you have over the outcome is merely an illusion. Games of pure chance include roulette, slot machines and bingo.
August 12, 2014
There are more varieties of slot machines than you may have ever imagined. Created in the 1800s, slots were created as simple games, working as three spinning mechanical reels. The first gambling slot machine had only five symbols: horseshoes, diamonds, spades, hearts, and a Liberty Bell.