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.
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 17, 2014
Playing poker isn’t often seen as a “real” profession by those on the outside. Some people have a moral issue with the idea of taking other people’s money for a living and some find it difficult to associate the term professional with someone who plays a game.
However, professional is exactly the right word for a successful poker player. How else would you describe someone who is highly intelligent, able to make spur-of-the-moment decisions with significant amounts of money, works long and hours and has embarked on a life-long mission to turn craft into career?
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 26, 2014
Social casino apps are games. These games, such as Hit It Reach slots and the WSOP Facebook app, simulate gambling, but players have no opportunity to win real money. They are part of what Gerard Goggin and I have termed ‘Mobile Social Gambling’ a new form of gambling media that combines gambling, social networking and social gaming, while also taking advantage of the affordability of mobile media devices, networks, applications, and touchscreens. In social casino apps you can communicate with and compete against your social network contacts. Social casino apps are played either on stand-alone apps for iOS or Android, or social networking sites like Facebook.
September 9, 2014
After the opening of a number of new Bitcoin-only casinos over the past 18 months, there has been some buzz about this virtual currency making huge waves in online gambling. Some commentators are quite enthusiastic and argue that Bitcoin online casinos will revolutionize the industry by escaping jurisdictional constraints, attracting hordes of players from countries and jurisdictions where online gambling steps in a gray area regarding regulation. Multiple Bitcoin-only casinos such as bitzino.com, casinobitco.in, satoshibet.com and bc-casino.com are starting to emerge.
September 3, 2014
The adage that “practice makes perfect” isn’t quite true if you’re practicing incorrectly. In blackjack, the only way to make money is to learn how to play with the correct strategy and memorize it once you perfect it. Just one mistake could turn a positive situation into a losing proposition. But memorizing an entire strategy sounds more difficult than it is.
August 22, 2014
A lot has changed since Planet Poker dealt the first real-money online poker hand in 1998. Since then, online poker has expanded across the globe and has become a culturally acceptable form of entertainment for millions of players. Based on the traditional table game, online poker requires an extra set of skills that are unique to digital play. These skills include the creation of avatars, finding the platform that suits you best and learning how to “read” other players through digital interaction as opposed to playing face to face. It also involves managing how much you pay for your gambling experience.
August 19, 2014
As a blackjack player becomes a little more serious about playing the game, he or she soon learns that the house advantage is small; only about 0.5 percent (about 1/200). Blackjack has among the smallest advantages for the casino and there’s a way for the player to turn the house advantage in their favor.
August 8, 2014
For anyone who enjoys gambling and playing casino games online, one ingredient is essential: money. For recreational players who only play here and there, it’s unnecessary to worry about proper bankroll management, as when all is said and done, they’re ok parting with a few bucks for a few hours of fun (with a chance to win, of course). But for players who take the games and wagers a bit more seriously, proper bankroll management is critical.