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Advantage Play
Advantage gambling, or advantage play, refers to legal methods used to gain an advantage while gambling, in contrast to cheating. The term usually refers to house-banked casino games, but can also refer to games played against other players, such as poker. Someone who practices advantage gambling is often referred to as an advantage player, or AP. Unlike cheating, which is by definition illegal, advantage play exploits innate characteristics of a particular game to give the player an advantage relative to the house or other players. While not illegal, advantage play may result in players being banned by certain casinos. A skillful or knowledgeable player can gain an advantage at a number of games. Card games have been won by card sharps for centuries. Some slot machines and lotteries with progressive jackpots can eventually have such a high jackpot that they offer a positive return when played long term, according to gambling mathematics, though this requires often difficult t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (game theory), strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matched Betting
Matched betting (also known as back bet matching, lay bet matching, or double betting) is a betting technique employed by individuals to profit from free bets and incentives offered by bookmakers. Its proponents considered it risk-free in theory-based probability. Concept The concept of matched betting requires an account with two or more bookmakers or betting exchanges where at least one offers the user a free bet. When the free bet is placed the other bookmakers or betting exchanges are used to hedge all the possible outcomes so that no matter what happens the value of the free bet is retained. At its simplest, a matched bet involves placing a back bet using the free bet at a bookmaker while placing the opposing lay bet at a betting exchange. More advanced versions involve placing the bets on multiple bookmakers (dutching) to avoid the commission charged for using an exchange. Generally, bookmakers incorporate terms by which bettors must first place a bet using their own money i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rake (poker)
Rake is the scaled commission fee taken by a cardroom operating a poker game. It is generally 2.5% to 10% of the pot in each poker hand, up to a predetermined maximum amount. There are also other non-percentage ways for a casino to take the rake. Poker is a player-versus-player game, and the house does not wager against its players (unlike blackjack or roulette), so this fee is the principal mechanism to generate revenue. It is primarily levied by an establishment that supplies the necessary services for the game to take place. In online poker, it covers the various costs of operation such as support, software, and personnel. In traditional brick and mortar casinos, it is also used to cover the costs involved with providing a dealer (though in many places tips provide the bulk of a dealer's income) for the game, support staff (from servers to supervisors), use of gaming equipment, and the physical building in which the game takes place. The rake in live games is generally higher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poker
Poker is a family of Card game#Comparing games, comparing card games in which Card player, players betting (poker), wager over which poker hand, hand is best according to that specific game's rules. It is played worldwide, with varying rules in different places. While the earliest known form of the game was played with just 20 cards, today it is usually played with a standard 52-card deck, although in countries where short packs are common, it may be played with 32, 40 or 48 cards.Parlett (2008), pp. 568–570. Thus poker games vary in deck configuration, the number of cards in play, the number Poker dealer, dealt face up or face down and the number Community card poker, shared by all players, but all have rules that involve one or more rounds of Betting in poker, betting. In most modern poker games, the first round of betting begins with one or more of the players making some form of a forced bet (the ''blind (poker), blind'' or ''ante''). In standard poker, each player bets a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sam's Town Hotel And Gambling Hall, Las Vegas
Sam's Town Hotel and Gambling Hall, Las Vegas, also known as Sam's Town Las Vegas, is a hotel and locals casino in Sunrise Manor, Nevada, located east of Las Vegas. It is named after Sam Boyd, and is owned and operated by Boyd Gaming. It includes a casino, a nine-story hotel with 646 rooms, and an RV park. Sam's Town opened in March 1979, with 204 rooms. The property would expand multiple times to add new features, including a 56-lane bowling alley in 1981. The original hotel rooms were later demolished to make way for the nine-story tower, which opened in 1994. The tower's Atrium (architecture), atrium includes an indoor park, which serves as the venue for a nightly laser and water show. Another expansion, completed in 2000, included the addition of a movie theater. From 1998 to 2014, the property sponsored the Sam's Town 300, an annual NASCAR Xfinity Series race held at nearby Las Vegas Motor Speedway History Sam's Town was announced in April 1978. Named after local businessm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Video Poker
Video poker is a casino game based on five-card draw poker. It is played on a computerized console similar in size to a slot machine. History Video poker first became commercially viable when it became economical to combine a television-like monitor with a solid state central processing unit. The earliest models appeared at the same time as the first personal computers were produced, in the mid-1970s, although they were primitive by today's standards. Video poker became more firmly established when SIRCOMA, which stood for Si Redd's Coin Machines (and which evolved over time to become International Game Technology), introduced Draw Poker in 1979. Throughout the 1980s video poker became increasingly popular in casinos, as people found the devices less intimidating than playing table games. Today, video poker enjoys a prominent place on the gaming floors of many casinos. The game is especially popular with Las Vegas locals, who tend to patronize locals casinos off the Las Vegas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackjack Hall Of Fame
The Blackjack Hall of Fame honors the greatest blackjack experts, authors, and professional players in history. It was launched in 2002, and its physical premises are in San Diego County, California. History The Blackjack Hall of Fame is housed at Barona Resort & Casino in San Diego County, California. The Barona Casino awards to each inductee a permanent lifetime Comps (casino), comp for full room, food, and beverage, in exchange for each member’s agreement never to play on Barona’s Casino game#Table games, tables. In winter 2002, a diverse selection of 21 blackjack experts, authors, and professional players were nominated for membership in the Blackjack Hall of Fame. The public was allowed to vote for about a month through the Internet. The final voting was completed at the January 2003 Blackjack Ball, an event open only to selected professional blackjack players and experts and hosted by blackjack author Max Rubin, at which the first seven members were inducted. The follo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edge Sorting
Edge sorting is a technique used in advantage gambling where a player determines whether a face-down playing card is likely to be low or high at casino table games by observing, learning, and exploiting subtle unintentional differences on the backs of the cards being dealt. The technique requires the player to trick the dealer into rotating specific, high-value cards so that they are distinguishable from lower-value ones after shuffling. Applied by poker player Phil Ivey and subsequently challenged in court by the casino in which he did so, the England and Wales High Court and Court of Appeal and the UK Supreme Court ruled the technique to be cheating in civil law, and that a casino was justified in refusing payment of winnings. This ruling would not be applicable if the player simply took advantage of an observed error or anomaly in the deck for which he was not responsible. Technique Many packs of cards produced by manufacturers have unintentional, almost indistinguishable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shuffle Track
Shuffle tracking is an advantage gambling technique where a player tracks certain cards or sequences of cards through a series of shuffles. Shuffle tracking is typically done in blackjack games, although it can be done in other card games. Games with simple shuffles are generally easier to shuffle track than games with complicated shuffles. Thus, shuffle tracking is usually done in 6 or 8 deck shoe-dealt blackjack games, as these tend to have simpler shuffles compared to pitch games, due to the time required to accomplish a complicated shuffle on 6 or 8 decks of cards. Shuffle tracking Shuffle tracking is an advanced technique used with card counting. Jerry Patterson published information about the technique in the 1970s and 1980s. Generally, a player tracks the count (high cards versus low cards) of one or more subsections of the deck as the cards are played. The selected sections may or may not be predetermined by observing and mapping the shuffle. These sections are referred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hole Carding
In Card game, card games, hole carding is the obtaining of knowledge of cards that are supposed to be hidden from view. The term is usually applied to blackjack but can apply to other games with hidden hole cards, like three card poker and Caribbean stud poker. So long as it does not involve the use of a device like a mirror, actions like touching the dealer's cards, or having another person read and signal the hole card, in most jurisdictions hole carding is a legal form of advantage gambling. In some games, like stud poker, casinos normally have rules against rubbernecking or having a confederate stand behind an opponent to signal hole cards. Blackjack players must usually make playing decisions based on only seeing one of the dealer's cards (the upcard). But if the dealer's hole card is spotted, a player who plays correctly has a theoretical advantage of up to 13% instead of the normal player disadvantage of around 0.5%. A hole-card player will often choose not to make certain p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Card Counting
Card counting is a blackjack betting strategy, strategy used to determine whether the player or the dealer has an advantage on the next hand. Card counters try to overcome the casino house edge by keeping a running count of high and low valued cards dealt. They generally bet more when they have an advantage and less when the dealer has an advantage. They also change playing decisions based on the composition of the deck and sometimes play in teams. Basics Card counting is based on statistical evidence that high cards (aces, 10s, and 9s) benefit the player, while low cards, (2s, 3s, 4s, 5s, 6s, and 7s) benefit the dealer. High cards benefit the player in the following ways: # They increase the player's probability of hitting a Blackjack, which often pays out at 3 to 2 odds (although some casinos pay at 6 to 5). # Doubling down increases expected value. The elevated ratio of tens and aces improves the probability that doubling down will succeed. The most common hand values that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
