Russian roulette

May 15th, 2010 ColdAces No comments

russian-rouletteGambling has been one of the favourite pastimes since ancient times. Out of all the casino games, roulette happens to be highly popular. There are different versions of roulette existing at the moment. For an instance, there is American roulette, European roulette, French roulette and many more. There are slight variations in the game, in accordance to the version being played.

Russian roulette is by far one of the most dangerous games in the history of gambling. Here, you not only gamble with money, but also with someone’s life. The game is played with the help of the revolver. The player would put a bullet in the cylinder of the gun and then rotate it randomly. There has to be only one bullet here. Each player would then fire the revolver on his or her head. If the bullet doesn’t get fired on your head, you would automatically win; otherwise you not only lose the money but also your life. For this mere reason, the game is considered to be pretty dangerous and hence prohibited all across the globe.

Russian roulette is known to have originated from Russia, and thus the name. Formerly, this game was played by the Russians with the prisoners. The prisoners have to fire the gun on their heads and the audience would bet on the prisoner who would survive or die. Since the game is now prohibited, it is mostly played undergrounds. People who play this game are either suicidal or have some sort of death wish. It has been reported that people who have actually played such a game are either dead or have lost their mental balance from the pressure attached to the game. A lot of teens have also been playing this game, just to prove their bravery.

Now in worst cases, even if you’re playing this game, you may perhaps want to make sure that you win and therefore we have formulated some strategies for the game. To begin with, check out the total number of players. If there are two players involved, then clearly there are 50% chances of winning. If there are three players, then you might have to hold the revolver twice, since there are six rounds in the gun. Therefore when there are 3 players in the game, your chances of winning would go up to 66.7%, whereas while playing with six players your chances go as high as 83%. Therefore, it would be ideal to play with more number of players.

Secondly, another important strategy would be to be the first one to fire. When the cylinder is rotated, there are good chances that the bullet is not set on fire. On the other hand, when there are six players, it would be ideal to become the sixth player. Such a way, you would know if the bullet is fired before your turn.

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The Power of Poker Tells

April 18th, 2010 ColdAces No comments

poker-tellsHumans tend to have a great ability to lie and we are the only species that use malevolent trickery to pursue our goals. Lying is usually looked upon in a majority of occasions in life; however it forms an integral part in the game of poker.

When it comes to bluffing, as referred to in the game of poker, the body and the mind operate at different frequencies. Simply put, the mind is willing but the body goes weak. So this means that if someone is bluffing or lying, chances are that their body might perhaps betray them after a point and give out substantial clues which prove that the player is untruthful. At the time of playing the live game, there are certain behaviours to look out for, that can indicate if a player is trying to pull a bluff. We have formulated a list of things to look for while playing on a live table.

* If a player looks down, turns his head away or hides his mouth with the hand, they are probably trying to control or hide a smile. So when someone is smiling over their cards, there are chances that they are holding some strong hands or the flop has gone to his advantage.
* If there is a player on the table whose hands are shaking, he is probably over excited. This is an easy tell to identify and usually happens with inexperienced players. Trembling hands usually mean an exceptionally good hand with that player.
* If a player becomes rude after placing his bets, it is an indication that they possess a fairly big hand. Practically, they are trying to rage the other players so as to urge them to call his bets.
* If there is a player who stares at the flop for a long time, he is likely to go through some mental calculations to find out what they need to make a good hand. This is a player who probably has nothing in his hand to move forward.
* In Texas Hold’em, if a player checks his pocket cards after the flop, he may perhaps be seeing the cards on the table to find out if he has any of those matching suits in his hand. Whenever this happens, it usually represents a player who has unsuited cards in his hand. There are less chances of getting a flush from this player.
* If a player starts behaving politely, it is a sign that he has placed a bet with a bad hand.
* If the player tries to control all the voluntary movements of his body, there are a few involuntary responses to a bluff that may be obvious. If the player sweats in excitement, it shows that he has an extremely good hand. Increased cardiovascular activity could be identified when the player experiences muscle twitches and reddening of the face. These are indications of the players with good cards.

These are a few of the common tells in poker, however, we as individuals tend to give ourselves differently. Observations on the poker table are often valuable, so as to gather information about the opponents.

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Financial Spread Betting

March 15th, 2010 ColdAces No comments

Financial Spread betting is a form of financial betting which controls the market all across the globe. Here the traders look forward to make profits regardless whether the prices would go up or down. All those who trade in bonds, shares, stocks, currencies, oil and precious market commodities such as gold can make use of spread betting to augment their chances of gaining more profits. There are quite a lot of benefits attached to financial spread betting.

To begin with, such a form of trading is completely tax free and there are no unnecessary commissions involved here. Although, you would be required to pay some kind of a fee to the betting company based on the spread, which is the difference between the buying price and the selling price. Another benefit attached to financial spread betting is that it operates on the global level and the markets are open 24 hours a day, 7 days a week.

Bettors have a benefit of trading stocks in multiple markets with the help of only one account. You can pick the currency you are comfortable with, so as to avoid paying exchange charges thereafter. Financial spread betting would allow you to bet on the movement of the prices in the market. You can choose to go short or long term and you can make a lot of money if the market prices happen to go in the same direction as your bet.

All investments happen here in the form of currencies, stocks, shares and many more, therefore the risk factor in such betting is fairly high. If the market prices happen to shift in an opposite direction as your bet, then losses would be really high. You can actually control your losses by monitoring your funds at regular intervals. There are some additional stop loss mechanisms available in the market in the present day.

One of the most important forms of financial spread betting is stock trading. Stock trading is also referred to as Contacts for Difference (CFD) Trading. Stocks are extremely popular and are bet on all over the globe. With CFD trading, there is some kind of commission attached to trading and is subject to Capital Gains Tax. As opposed to financial trade betting, the traders in CFD are required to pay some dividends.

Binary betting is another form of betting which is similar to financial betting. However, the prices of such binary bets are based on the odds of any particular event, unlike the prices of the market. Since it brings a lot of flexibility along with it, it happens to be highly popular amongst the stock traders.

Opening a financial spread betting account, doesn’t actually require much. Accounts could be opened online as well as through telephonic lines. Spread betting gives an opportunity to gain at the same time as the trading markets are falling. However it should not be considered as a plan for long term investment. Financial spread betting is good for those who wish to attain short term profits from trading stocks.

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Asian Handicap

January 15th, 2010 ColdAces No comments

There term ‘Asian Handicap’ does not have a simple explanation. This is a form of betting that can be used in favour of the stronger team. Herescotty-Nguyen-bad-beat the stronger team is referred as the ‘handicapped team’ as far as the game is concerned and it renders an imaginary vision to the proposed weaker teams at the start of the game. However, this is known to balance or unbalance the theory and hence all the teams involved stand a fairer chance of winning in the Asian handicap.

As the name suggests, the players might often get the feel that such a betting system exists in Asian countries. However, this betting system was originally started by the European based bookies and this bet is also known as ‘line betting’ in some other countries. Although ‘Asian handicap’ is the betting that was formulated for soccer bets, it is now becoming popular with the other sporting events as well. Apart from Europe, this form of betting is also popular in the Asian countries such as Singapore, Thailand and Malaysia. Formerly, the bettors had to place their bets over the telephone or had to be present physically at the betting locations, however with the increase in technology, the younger generation of bettors have shifted to the online form of gambling and this adds to the popularity.

Bookmakers or dealers are the ones who do the actual handicapping. There is no certain formula used by them to come to specific odds or handicaps. However, it is believed that the bookmakers study each game and their track records, all the teams participating are weighed. Here every single aspect of betting is taken into consideration since these are the important factors that play an important part in deciding the odds. However, most of the players often overlook the ‘mind games’. It must be understood that the bookmakers are going to think about their own profit and not the winnings taken by the players.

In order to gain some substantial profit from the Asian handicap, bookmakers usually devise a strategy of their own that would allow the players to sway away from their initial decision. There are different kinds of Asian handicaps and it becomes extremely important for the players to understand different levels involved. To begin with, there is an Asian handicap called ‘Level’. Here both the teams participating would be difficult to separate on paper and thus there is no particular team that would be going in with an added advantage. This is one of the easiest of all handicaps.

Loads of bookmakers have started offering the Asian handicap bets as a substitute for the usual 1:2 betting scenario. For all those who take betting seriously, they should consider using some strategies in order to win out of the Asian handicap punting. At the time of betting on the Asian handicap, there are only two options that are given to the player, one of which is to give handicap and the other is to receive handicap. However, it is widely known that receiving handicap has proven successful in most cases. While receiving the handicap, the player is actually placing his bets on the weaker teams and sometimes the weaker teams turn out to be the underdogs to winning or drawing a game. In such a scenario, there is a greater advantage to the player.

At the same time as you give the handicap, the team you bet on would have no other option but to win the game. In such a situation, the player would lose the bet even if the team manages to draw the game.

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Hand Rankings in Poker

January 15th, 2010 ColdAces No comments

It is important to understand the winning hand rankings in poker, especially for those who are learning to play the game. Once you know these hands, you would be able to assess the strength of these hands using the winning poker hand ranks. All those players in the highest hand category, often wins the pot. Apart from getting familiar with the winning hand rankings in poker, it is extremely important to understand the basic poker hands.

To begin with, poker hands consist of the best five cards combination. It sounds awfully simple; however a majority of players are not equipped with the correct information when it comes to recognising the winning poker hands. Whenever the best five card combinations are referred, it is important to note that poker is ranked from 2 to A. You need to understand the fact that poker suits such as hearts, spades, clubs and diamonds have no value attached to them and are merely used to determine the flush.

There are 10 different kinds of poker hands and if we follow the poker rules, then each of these hands contains a specific value. Such a value leads them to a particular place in the poker hand hierarchy. These values are also attached to the poker hands based on the difficulty of getting the hand. For an example, some hands such as the High Card are pretty easy to make and a majority of players stand a chance to make this hand since it doesn’t involve any complicated patterns. The other hands such as the Full House are far more difficult to achieve and hence it contains the highest value and is placed above all the hands in the winning poker hands hierarchy.

The bottom of the list comprises of the High Card where any player can win without possessing any higher five card hand. Above this comes the single pair which includes two cards with the same value. In case if two players have the Pair, then the player with the higher value pair wins over the lower value pair.

A step higher than the pair is called the Holding Two Pair and it tends to give a player some more weight in the game. This simply means that the player holds two different pairs in the same five card hand. The next comes the Three of a Kind, which is a hand that comprises of three cards of the same value such as 4-4-4.

The following hands are difficult to achieve in a game of poker and are called the Straight and the Flush. A Straight includes a series of five consecutive cards for any one suit. Flush means five cards of the same suit. It requires a lot of strategy to achieve these winning hands in poker.

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History of Bingo

January 15th, 2010 ColdAces 1 comment

Bingo is one of the most popular games all over the world. However, not many people know about the history behind the game. It originally started in United States and was referred to as ‘Beano’. It could usually be found at boardwalks and country fairs. The caller, as they know him today, would randomly draw numbers from some kind of a box, commonly a cigar box. The paying customers would then cover the numbers on their cards with the beans. The player would shout ‘Beano’ if there was a winning combination on the card. During those times, the horizontal straight lines were the only winning combinations known.

The game was introduced in Italy in the year 1530 and was known as ‘Lo Giuoco del Lotto D’Italia’ signifying Italian Bingo. The game is still being played on every Saturday. After its inception in Italy, the game was then introduced in France in the year 1770. The French referred to the game as ‘Le Lotto’. This was more of a wealthy man’s game in France. After its overwhelming success in Italy and France, it was adopted by the professors in Germany for teaching purposes. Students could relate well with the bingo cards, especially for subjects such as Maths, Spelling and History. The teachers would use a different version of the game for each of these subjects. Bingo was introduced in United States in the year 1929 and the ‘Beano’ version was originally played in Atlanta, Georgia.

A toy salesman called Edwin Lowe felt an opportunity coming his way, while watching several games in the carnival. From that point onwards, he started hosting games with the help of tiny cardboard cards as well as rubber stamps. One of the players, during one such game, screamed ‘bingo’ instead of the word ‘Beano’. Being a New York native, Lowe was extremely excited about the term and thereafter renamed it as ‘bingo’. He started selling the game in two different ways, one of which would cost $1 for 12 cards or $2 for 24 cards. He then hired another professor from the Columbia University, so as to introduce newer sequences on the cards. The duo came up with more than 6000 different cards.

Thereafter, some catholic priest approached Lowe to find out means to raise funds through these cards. Bingo was then spread all across United States, after Lowe gave his consent to the church. After 1934, it was reported that over 10000 bingo games were played per week. At the moment, it has been estimated that Bingo sales gross over 90 million in United States itself.

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Texas Hold’em and other types of poker

November 16th, 2009 Cold Aces No comments

Texas Hold’em: There are many types and variations of poker, but the game of Texas Hold’em is probably the most popular in the U.S. and possibly the most popular poker game in the world.  The game itself is fairly easy.  It can be played with anywhere from two to ten people.  The game starts with a dealer dealing two face-down cards to each player.  Through the next four rounds, the dealer deals five community cards that each player may play off of.  Each player, depending on the cards they have in their hand and on the table, decide if they want to keep betting if they want quit the hand, known as folding.  At the end of the game the player with the highest hand, the best combination of five cards using both the cards in the player’s hand and the community cards, wins.

Five Card Draw: Five card draw can be played with between two and five players.  It is one of the oldest poker variations.  Each player receives five cards and after the first round each player may discard or replace up to five cards in hopes of achieving the best hand.  At the end of the game the player with the highest hand wins.

Omaha: Omaha Hi is similar to Texas Hold’em.  It can be played with two to ten players as well.  Instead of being dealt two cards, each player receives four cards.  The dealer then deals the five community cards.  The best hand must be comprised of two cards they hold in their hand and three community cards.  Omaha 8 is similar to Omaha Hi, but players may also bet on making the best five-card low hand.

There are other variations as well, but these are typically the top three that are played in the U.S.

The Bellagio Hotel

October 30th, 2009 Cold Aces No comments

The Bellagio Hotel is located on the Las Vegas strip.  It stands in the location that the historic Dunes Hotel once occupied.  The Dunes Hotel was demolished in 1993 to begin construction of the Bellagio.

The Bellagio is themed after Bellagio, Italy.  The entire hotel oozes opulence, starting with the lobby where 2000 hand blown glass flowers adorn the ceiling.  The hotel also boasts of an eight-acre man-made lake in front of the hotel and dancing water fountains that are synchronized to music.  There is also a conservatory and botanical garden on premises that changes the theme five times a year to reflect winter, Chinese New Year, spring, April, summer, and fall.  Construction of the Bellagio was completed in 1998.

bellagio

There are almost 4,000 rooms in the hotel, with 116,000 square feet of gaming space.  Cirque du Soleil permanently performs their aquatic production of “O” at the hotel, and the hotel contains an art gallery and a popular night club.  The original construction cost was estimated at $1.6 billion, and the hotel was renovated in 2006.  The Bellagio employs about 10,000 people.

The Bellagio poker room is famous among poker players.  It is often called the home base by many professional poker players, or “The Office,” referring to the high table limits to play there.  The Bellagio has deals with the World Poker Tour to host some of the tournaments they put on.  There are also 2400 slot machines.  The price to play the slots ranges from a penny to $1,000.  The owner of the hotel, MGM Mirage, also provides games on the floor that are exclusive to MGM Mirage properties.
The Bellagio is rated Five-Diamond by AAA and Mobile Five-Star rated.  Without question the Bellagio is one of the most trend-setting, elegant hotels on the Vegas strip.

Famous Poker Players

October 10th, 2009 Cold Aces No comments

As poker is getting more and more popular, the professional players of the game are gaining fame.  Televised poker tournaments are helping to promote not only the game, but the players as well.  Here are a few well-known professional poker players that may someday soon become household names.
Brett ‘gank’ Jungblut:  Brett was raised in a poker community and in fact is named after a poker player from a TV show.  He rose to stardom in online poker tournaments, but has also found success in live tournament play.  At only 30 years old he is quickly making a name for himself and has earnings of around USD $400,000.  Brett plays up to 16 hours of online poker a day.
Gus Hansen:  Born in Denmark, Hansen was not raised playing poker but instead was an ace at backgammon and tennis.  He first joined the professional poker circuit in 1997.  He did not begin playing poker until 1993, but has quickly mastered the game.  He is known for his aggressive and unpredictable style.  To date, he has made over USD $5 million in live poker tournaments.
Annie Duke:  Annie is one of the most famous and most notable women poker players in the world.  She has won both the World Series of Poker and the World Series of Poker Tournament of Champions.  Annie was a psychology major and attributes that in aiding her to read her opponents.  She enjoys mentoring other poker players, one of whom was Ben Affleck.
Amarillo Slim:  Amarillo Slim’s real name is Thomas Austin Preston Jr.  At over 70 years of age, Slim is one of the most colorful characters in poker.  He won the World Series of Poker in 1972 and his career earnings have been monumental.  Slim is known for being a hustler as well, and has hustled money out of Willie Nelson, Larry Flynt and Evil Knievel.  The tales about him are legendary including how he won a bet playing ping pong with an iron skillet and shooting billiards with a broomstick.

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Good Casino Movies

September 8th, 2009 Cold Aces No comments

The world of casinos, gambling and high-stakes appears very glamorous. It really is no wonder that there have been so many movies made about casinos and the fabulous goings-on within. For decades, movies have been themed around or set in casinos. Many of these movies are well-known, household names.
In recent years, movies such as “21” have brought fame to gambling sites. In this movie, university students are taught by a professor how to count cards. The students are then flown out to Las Vegas to win big and split the profits with their instructor. The lavish lifestyle that the students are thrown in to could make gambling appealing to anyone.
‘Ocean’s Eleven’ is a 1960’s remake, released in 2001, about a planned heist involving Las Vegas casinos. In the 1960’s version, the “Rat Pack”, made up of Frank Sinatra, Dean Martin and Sammy Davis, planned to rob five casinos. The 2001 version starred George Clooney, Brad Pitt and Julia Roberts among other big names and was updated to involve robbing the (non-existing in real life) vaults that lie beneath the Bellagio Hotel.
A more comedic casino-themed movie was the 1992 ‘Honeymoon in Vegas’. Nicholas Cage plays a man who takes his girlfriend (Sarah Jessica Parker) to Vegas in order to get married. James Caan portrays a gambler who spots Parker and wishes to spend the weekend with her, thus ensues attempting to win her away from Cage through poker.
Multiple James Bond movies have been staged in casinos or have the character spending time in a casino. The ambiance of mystery, smoke and glamour that portrays the stereotyped gambling rooms is a perfect backdrop for such an illustrious character. The most recent of these movies is ‘Casino Royale’. The film stars Daniel Craig who many critics have reviewed to be the best James Bond ever, or at least since Sean Connery.

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Gambler’s Fallacy

April 21st, 2010 Cold Aces No comments

What is the gambler’s fallacy and how does it fit into your plans as a gambler? Whether you are a professional gambler, a hopeful amateur, or a casual player of casino games, it is to your benefit to know and understand the gambler’s fallacy. The concept of the gambler’s fallacy is simple, although some have more trouble grasping and internalizing it than others.

Understanding the Gambler’s Fallacy

The easiest way to think of the gambler’s fallacy is to consider a fair, two-sided coin. There is a less than one percent chance that that coin will come up heads seven times in a row, and if someone offered you an even money bet that it would come up seven times in a row, you would be a fool not to bet everything you have against it, assuming you knew the coin was fair. However, if someone flipped the coin six times and it came up heads each time, and then asked you to give them 2-to-1 odds that the coin would come up heads again, you would be a fool to bet even a penny. Why? In both cases the coin comes up heads seven times in a row. The answer lies in the gambler’s fallacy.

Explaining the Gambler’s Fallacy

In the second case, as opposed to the first, the first six conditions have already been met. You can no longer figure them into the odds of something happening because they have already happened: the odds are 100 percent. What is critical to remember is that the coin has no memory. When you flip it that seventh time, the coin will come up heads roughly half the time and tails the other half. It does not know that it just came up heads six times.

The Gambler’s Fallacy in the Casino

While this seems obvious, people in gambling situations get confused about it all the time. They see black has come up nine times in a row on a roulette wheel and bet big on red, assuming it is “due.” They keep careful notes on how many times the banker has won in a row at baccarat, ready to switch to the player with a big bet if the number gets high enough. It’s important to remember that in gambling games with replacement (meaning all the elements and therefore the odds are the same in each trial), prior results have no effect on future results.

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Video Keno

February 15th, 2010 ColdAces No comments

Video KenoVideo Keno is one of the most popular games in the recent times. One of the reasons behind its escalating popularity is that the game offers a lot of betting options and the payouts are huge. Keno is similar to the lottery, however is played at a much faster pace and the players are given an option to select the number. There is a better chance of winning in Keno as compared to lottery, but the payouts are not as massive as the lottery.

Video poker requires you to get a ticket with numbers one to eighty on it. The simulated card is displayed on the screen with numbers and the players have to pick some numbers off the ticket. The players have to click on the numbers they select and a majority of the casinos would allow the players to pick anywhere from one to twenty numbers. However, each casino and internet casino differs. Out of these 80 numbers, only 20 would be picked up from the barrel. In video keno, the numbers are randomly generated by the computer and are displayed on the screen. The winning numbers on the player’s tickets are highlighted so that they can keep a track of it properly.

The payouts vary from casino to casino and there are a few online casinos that would pay even if none of the numbers from the ticket are called out. There are some casinos that also have jackpots where the players who have all their numbers drawn can qualify. The jackpots are similar to the ones seen in lotteries. Although, there is no guaranteed method that can beat the house or even increase your odds against the house, a few gamblers still believe that there are a few techniques to play keno. Some keno enthusiasts believe that the numbers on keno are grouped together and hence it is best to keep the bets in groups rather than spread it all across the board.

The best strategy is to keep betting on the same numbers until you win big. The numbers in the game of keno are drawn at random and hence in the long run, every number is drawn the same number of times. Therefore if your numbers didn’t get drawn, then it’s likely that they would get picked up eventually. Betting on the same numbers would multiply the chances of the numbers drawn. Even if the players play this game for the fun factor involved, the possibility of winning could keep them engrossed in the game for hours.

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Poker Tracker Software

January 15th, 2010 ColdAces No comments

A majority of the professional poker players use the poker tracker software as a part of their tools in the game. The online poker tracker software tends to offer an edge to the expert players, often required to withstand a streak of bad luck in the game and yield profits in the longer game. This is the most complex yet most effective of all the online poker software tools available in the market today, and works on almost all US poker sites. Such tracker software tends to cover all aspects of online poker right from selecting your hands to tracking them for further analysis.

The online poker software is capable of displaying the real-time statistics on the online poker table as well as asses the play and isolate weaknesses of the poker table. Such features make the poker tracker extremely powerful at the time of playing the game online. The poker tracker software employs the contemporary graphic interface and enables rapid operation as well as multitasking. Along with, there are quite a lot of other things that could be done with poker tracker software such as selecting the table. Table selection is one of the important aspects of poker where you would be able to track and pick the tournaments that involve weaker players in accordance to the imported hands stats.

Poker tracker software would help you better your existing poker skills with the privilege to track your own poker play, review your weaknesses and rectify the mistakes that you commit currently. With the in-depth stats on your opponent’s game, the poker tracker software allows you to assess all the strategies in their mind. The players can also make profitable decision on increasing their bankroll. There is an integrated Heads Up display that can provide the live poker odds and the reporting tools incorporated here would help you track all the progress in tournaments. You will also see the effect of rakeback, which is considerbly. The play at Ultimate bet (Get Ultimate Bet Rakeback here), and I can definitely see effect since I signed up.

All those players who are new to the poker tracking software must ensure that they understand the features of this tracking software in the best possible manner. The players must also check if the poker software is compatible with the tracker prior to actually buying the poker tracker software. The players need a lot of practice on the poker hands before making conclusions on the game. Along with, the indicators for the other players are more accurate with the increase in the number of hands you play.

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The Roulette Game – How is it played?

December 24th, 2009 Cold Aces No comments

rouletteRoulette is a game based on chance.  It is popular in casinos and gets the name Roulette from the French word meaning “small wheel”.  The game is fairly easy to play with few rules.  Roulette as we now know it first gained popularity in 18th century Europe.  The U.S. game consists of a small wheel with 38 numbers on it, while the European version has 37 numbers.  It has since spread around the world and a Roulette wheel can be found in almost every gaming site.

To play, gamers place bets on an odd or even number, a specific number, a range of numbers, or a color of either red or black.  The American Roulette wheel contains numbers 1-36 in alternating red and black.  There are also two green spaces, on containing a 0 and the other a 00.  Gamblers place a marker on the game board the number or numbers they want to bet on, for example red 22 or black 11.

Bets can be placed according to the corresponding game board.  There are a number of ways to bet.  A straight-up bet is a bet placed on a single number.  A split is a bet placed on two numbers that are side-by-side on the game board.  A street is a bet placed on three numbers in a horizontal line on the board, while a corner is a bet placed on four numbers in a square pattern.  A bet placed on two adjoining streets is called a six line.  Lastly, a trio is the bet placed on the intersection of a 0, 1 and 2 or the 00, 2 and 3.

To determine the winner, a person referred to as a croupier, spins the wheel in one direction and a small ball in the opposite direction on a slanted track the runs the entire circumference of the wheel.  The ball eventually stops on one of the grooves within a number, and a winner is identified.  The bets that have been placed now belong to whoever chose the correct number.

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Poker Tournaments – The basics – Facts

December 15th, 2009 Cold Aces No comments

Poker tournaments often consist of several people.  These tournaments can be played for fun between friends, with little money exchanging hands.  Professional poker players also partake in tournaments and can win and lose very large sums of money.

During a professional poker tournament, players continue play until they are out of money.  The game keeps going until there is one person left who is declared the winner.  These tournaments can take hours.  Professional poker players can have sponsors who help supply the money backing the play.

Poker is growing in popularity and professional poker tournaments are often televised.  There are names for annual tournaments such as the World Series of Poker and the World Poker Tour.  Such big name tournaments often take place in Las Vegas, as it is considered the gambling epicenter of the U.S.  Players show stoic determination and have mastered the art of hiding emotion so as not to give away what cards are held in hand.  Some players wear sunglasses or hats to help hide their expressions.

If you are not interested in playing poker professionally, there are several online options.  Many gaming sites offer ongoing poker games that you may enter in to or exit out of at will.  Most of these sites require that you are of the legal gambling age, which is 18 in most areas.  While these online tournaments may seem more like arcade games, they can be costly.  You can find some different casino games here. You are usually asked to enter a credit card number and your poker winnings and debts are debited accordingly.  Online poker has aided in racking up large sums of debt for numerous people.  Playing online makes poker seem like any other free game and since players don’t visually see money exchanging hands, it can be difficult to know when to stop playing.

Australian Online

October 16th, 2009 Cold Aces No comments

The recent rise of online poker has led to the birth of many web sites dedicated to this popular card game. These sites can serve as a great spring board for those of us who do not know the game that well.

If you are invited to a friendly poker night with friends, don’t be concerned. All you have to do is go into one of these sites and catch up on what you have yet to learn.

These sites usually teach you the poker rules and a little bit of strategy, which you will probably have to learn the hard way. In addition, you can read about famous players and examine winning hands, which may certainly come in handy during your own game.

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Gambling in the US

September 30th, 2009 Cold Aces No comments

Gambling in the US is a billion dollar a year industry.  In 2006, gambling revenue came in at USD $90.96 billion.  Gambling falls under federal jurisdiction, but each state is allowed to ban or regulate gambling as the state so chooses.  Almost every state has some form of lottery so therefore almost every state has some form of gambling.

Nevada is the only U.S. state that allows gambling on a statewide basis.  Other states restrict gambling to certain to certain cities or Native American reservations.  Still other states confine gambling to riverboats.  Online gambling is an exception to most state policies.  Online gambling is difficult to regulate so even if gambling is outlawed in a state, residents of that state can still partake in online gambling. Read more about poker rules, tips and strategies at launchpoker.com.

There are 19 states that allow commercial casinos on non-reservation land.  There are approximately 450 of these casinos.  With the exception of nine states, every other state in the U.S. allows a lottery.  There are different forms of lottery and the forms are based off of the purchase of a ticket for a small amount of money.  The ticket either requires you to choose numbers, pull tabs, or scratch off circles in order to reveal if you are a winner.  In the variation of the lottery where you choose numbers, the winning number combination is later revealed in a random drawing.  The winnings from lotteries vary from a few dollars to millions of dollars.

Reservation-based gambling began in 1979.  Such gambling is controversial, as some Native Americans do not want non-Native Americans on reservation land.  However, the casinos create thousands of jobs and generate revenue in the community.  Under the Indian Gaming Regulatory Act of 1988, all revenue must be used for the government or to better the community such as by building schools, houses, roads or funding healthcare.

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