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In December of 1999 I wrote the story below about Fred Marino suing Discover Card. In the wake of that lawsuit, last week Discover Card signed an agreement in California Superior court it will not operate merchant accounts with online casino companies that may do business with California residents. Since it is hard to tell if the customer is from California this may mean that players will not be able finance their online gambling with a Discover Card. The term originally meant a small villa, summerhouse or pavilion built for pleasure, usually on the grounds of a larger Italian villa or palazzo. There are examples of such casinos at Villa Giulia and Villa Farnese. During the 19th century, the term casino came to include other more public buildings where pleasurable activities, including gambling and sports, took place. An example of this type of building is the Newport Casino. Eventually this term in Italian now designates a bordello (also called "casa chiusa" literally "closed house"), while the gambling house is spelled casino with an accent. A casino generally has: Each punter continues to hold the cards for his side so long as he wins. If he loses, the next hand is dealt to the player next following him in rotation. Modern tournament play became popular in American casinos after the World Series of Poker began in 1970. It was also during that decade that the first serious strategy books appeared, notably The Theory of Poker by David Sklansky (ISBN 1880685000), Super System by Doyle Brunson (ISBN 0931444014), and The Book of Tells by Mike Caro (ISBN 0897461002). The Theory of Gambling and Statistical Logic, Richard A. Epstein, 1977, ISBN 012240761X, 215-251 [edit] [edit] [edit] Lots of casinos claim their no-download games work on Macs, but they don't. They've been a real disappointment. But Bodog worked flawlessly right in Safari. Very fast, zero problems. S = Stand References For example, the official house advantage for a casino game might be 1%, and thus the expected value of return for the gambler is 99%. However, this math would only be true if the gambler never used the results of a winning bet again. Thus after gambling 100 dollars the idealized average gambler would be left with 99 dollars, but, if he continued to bet using his 99 dollars in winnings, he would again lose 1% on average and his expected value would go down to 98.01 dollars. This downward spiral continues until the gambler's expected value approaches zero: gambler's ruin. Craps [edit] The following rules are detrimental to the player: Shuffle tracking The download version of their software has a ton more games, of course, but it's Windows-only. Slot Machine: Food Fight It might be pointed out that where economic activity is concentrated in transfers of wealth rather than its creation, gambler's ruin results in most of the wealth being held by a very small number of participants. We see this in the stock market when speculative activity is the norm rather than long-term dividend producing investment Roulette Online Slot Machine: Food Fight Splitting a maximum of once (to two hands) Fun! Online casinos are instant fun and an awesome experience whether you choose to just compete against the computer or have fun with other real players. Two-up In addition to details of which casinos offer the best bonuses, it also tells you how much you need to wager before you can withdraw them and outlines any points specific to each casino. Mathematically, the probability is equal to one that gains will eventually equal losses and a gambler will return to his starting point; however, the expected number of times he has to play is infinite, and so is the expected amount of capital he will need! A similar argument shows that the popular doubling strategy (start with $1, if you lose, bet $2, then $4 etc., until you win) does not work; see St. Petersburg paradox. Situations like these are investigated in the mathematical theory of random walks. This and similar strategies either trade many small wins for a few huge losses (as in this case) or vice versa. With an infinite amount of working capital, one would come out ahead using this strategy; as it stands, one is better off betting a constant amount if only because it makes it easier to estimate how much one stands to lose in an hour or day of play. Consider players with 90 and 10 pennies respectively, repeating the game 100 times. The player with 90 pennies is expected to win 90 out of 100 complete games, winning 10 pennies each game. However, he is also expected to lose 10 games, each time forfeiting all 90 of his pennies. So after the series of 100 games, the richer player is expected to win 90*10=900 pennies, and lose 10*90=900 pennies. Despite the fact that after any single game, one player ends up with all the pennies, the expected result over many games is for both players to break even. Video Lottery Terminal A typical casino game has a slight house advantage. The advantage is the long-run expectation, most often expressed as a percentage of the amount wagered. It remains constant from one play to the next. If the long-run expectation is expressed as a percentage of the amount that the player starts with, however, then the house advantage increases the longer the player continues. Common gaming machines Bodog Casino just launched their play-in-browser games, which are 100% Mac compatible. As I write this I just got done playing blackjack there for $25/hand. It works in free-play mode too, if you want to play with fake money. For each hand, one or more players are required to make forced bets to create an initial stake for which the players will contest. The dealer shuffles the cards, he or another player cuts, and the appropriate number of cards are dealt to the players one at a time. After this initial deal, the first of what may be several betting rounds begins. Between rounds, the players' hands develop in some way, often by being dealt additional cards or replacing cards previously dealt. At the end of each round, all bets are gathered into the central pot. More details can be found in the article on betting. You call this one and it's all over, baby. - Scotty Nguyen, during the 1998 World Series of Poker. Down to him and one other player, he said this to his opponent who called, and it was all over. [edit] [edit] To save time, my recommendation is to download Europa online casino now, so you can play soon after reading this article. (Yes:it's that good!) [edit] The goal of each player is to beat the dealer, by having the higher, unbusted hand. Note that if the player busts, he loses, even if the dealer also busts, which is the source of the casino's advantage. If the player's and the dealer's hands have the same point value, this is known as a "push", and neither player nor dealer wins the hand.

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