Katy Perry attends the Grand Opening of 1 OAK Las Vegas and the GiveLove Charity Event. Vegas definitely gets its share of high profile celebs, along with plenty of d-list celebs like Paris Hilton, to hit the red carpet at their events. Many high rollers love being around celebs.
Author: Staff (Page 14 of 18)
Perhaps no game best personifies the epitome of online casino games than craps, the famous and exciting dice game that is often featured in classic movies with such masculine actors as Humphrey Bogart and Frank Sinatra. It is a game that is often described as a “game within a game” and offers among the best odds for a player that they can find anywhere.
Although craps is a fair game with a very low house edge if played correctly, many online players are intimidated by it because of the layout of the table and the fast pace. Beyond that there are many different bets you can make with craps and it can appear a lot more confusing than it actually is. With that in mind let’s take a look at the basic terminology of craps as it helps describe the game overall.
First of all, there is no way to influence the dice roll at craps, regardless of what wild stories you may have heard. And beyond that, no matter what strategies you employ, even the most sensible ones, there are no guarantees that you will ever win and beat the house edge, small as it may be.
The best bets to make at craps are pass and don’t pass, come or don’t come, as they have a 1.4% house edge. Where gamblers often blow their bankrolls are on prop bets, where the house edge is far greater. A great example is the Big 6 and Big 8 bets, which come with a ridiculous 9% house edge. And yet despite the big numbers these bets are constantly made.
And then there is the famed “7” bet with the “theory” that it is the most common number rolled, therefore it’s the best prop bet on the table. WRONG! The house has the “7” totally covered with a staggering 16.7% edge that nobody will ever be able to wear down. This is a classic example of the house taking full advantage of basic gambler’s “logic” and turning it upside down.
The famed hedge bet of playing the field is also a bonanza for the house with a 5.6% edge to the casino. And yet the masses line up thinking that they are getting a “bargain” with this bet.
The one bet that is a must to make when playing craps online casino games is the odds bet after the point is established as that reduces the house edge up to 40%.
Legalized gambling is going to get a ton of attention in 2012 with recent rulings on poker and lotteries. Now, with the recent developments in New Jersey regarding sports gambling, the entire issue is set to explode into a national conversation.
New Jersey’s inexorable march toward rectifying a two-decades-old mistake has taken a giant leap forward with a stroke of Gov. Chris Christie’s pen.
The governor’s signature Tuesday on legislation passed by New Jersey lawmakers positions the state for a legal challenge to the Professional and Amateur Sports Protection Act, which was spearheaded – ironically – by former N.J. Sen. Bill Bradley.
Legalized sport betting at casinos in Atlantic City as well as at four race tracks in the state is now a court decision away. Within weeks, or only as long as it takes to get the paperwork together, New Jersey is expected to file a challenge to PASPA. Supporters are optimistic that Atlantic City casinos will be able to open sportsbooks in time for the start of the 2012 NFL season in September.
“He (Christie) didn’t have much choice but to sign the bill,” I. Nelson Rose, one of the country’s leading gambling analysts and the author of the popular gamblingandthelaw.com blog, told Covers.com in an email shortly after the governor made it official. “Not after voters approved it 2-1 in November.”
The November referendum asked voters if they wanted to put the state on record as endorsing a court challenge to PASPA, and the vote showed that residents were eager to take on the fight. Enabling legislation sponsored by state Sen. Raymond Lesniak, a longtime advocate of the legalization of sports betting, cruised through the legislature, teeing it up for Christie.
This will be a fascinating debate as right now fans can do this online at sites like bwin but states want in on the action. States are looking for new revenues, so old sacred cows are now being attacked.
Also, it will be interesting to see what the NFL has to say about it with the New York Giants and New York Jets playing in New Jersey.
The Obama Justice Department has upended the entire online poker debate with a recent opinion that basically limited the scope of federal laws. Now the question is whether Congress will get involved, or whether it will let the states move forward.
The gambling lobby has a message for Congress as states line up to cash in on a White House ruling that in-state online lotteries and poker won’t violate a federal Internet betting ban: Deal now or get stuck with a bad hand.
A Justice Department opinion issued before Christmas has created a now-or-never dynamic on the Hill for lawmakers and lobbyists pushing for a federal Internet poker law as state and regional officials move ahead with online gambling plans.
Come April, D.C. plans to offer online poker and blackjack. Illinois intends to be selling lottery tickets on the Web by then, too.
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“The writing is on the wall. The states are going to do this,” John Pappas, executive director of the Poker Players Alliance, told POLITICO. “The first three or four months of the year is going to be pretty important for Congress to act.”
All bets are on some key lawmakers — some backed by Las Vegas casinos — trying to do an end-run around the DOJ opinion by pre-empting it with a federal law. That could set up a showdown pitting states vs. the feds.Supporters of a federal bill say states aren’t equipped to handle the complexities of Internet gambling, and Congress needs to step in.
State officials say that’s hogwash, and the Obama administration has already taken the wind out of the sails of a federal Internet poker bill by clearing the way for states to start setting up their own systems.
The DOJ opinion dealt states already pushing in the direction of legalization — like California and New Jersey — a couple of aces by saying a ban on intrastate Internet gambling only applies to sports betting.
That frees up those states and several others — including Iowa and Connecticut — to follow Illinois and D.C. in the coming months by passing online gambling laws during state legislative sessions. Passage in each Legislature will be complex, but state lawmakers are extra motivated in tight budget times to find new revenue streams.
Regardless of what happens, it looks like momentum is heading in the right direction. Poker is clearly a game of skill, so policy makers need to concede that point and come up with a logical system.
The amount of losses is in the billions!
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