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      The future of online poker

      August 2, 2012 /

      There have been some startling developments in the poker world recently, and an article in Grantland sums up the future of online poker:

      After 15 months of speculation, frustration, and general inertia, the former online poker players of America finally heard the good news on Tuesday. A deal had been struck between the online gaming sites Full Tilt Poker, PokerStars, and the Department of Justice. Another deal between the DOJ and Absolute Poker was reported with details forthcoming. The early details are startling: PokerStars, one of the three companies shut down last April, will purchase its former competitor, Full Tilt, and pay the U.S. government $547 million to settle a civil lawsuit the government brought against Full Tilt. A portion of that money will be used to reimburse U.S.-based Full Tilt players who had their accounts frozen during the shutdown. PokerStars agreed to directly pay back another $184 million to non-U.S. customers to settle their outstanding balances.

      The agreement signaled the imminent return of online poker in the United States after a lengthy hiatus that damaged the poker industry with dropping television ratings, waning interest, and a litany of lawsuits against sites like Full Tilt. Nobody thinks that PokerStars would have invested $731 million without some certainty that online poker would soon be legal in the United States.

      It’s worth asking, though: Has poker’s moment passed? Has the biggest fad in the past 25 years of gaming — one that spawned movies, TV series, clothing companies, hundreds of books, and its own pidgin language — given up the ghost?

      It will be fascinating to see the rush of services out there once regulations are finally in place.

      Poker

      Video game companies invest in gambling games

      July 30, 2012 /

      Here’s an interesting development:

      3G Studios, a video game developer in Reno, is betting on online gambling.

      The private company, with 47 U.S. employees, has hired almost 80 contractors in India and China and expects to have 200 dedicated solely to making gambling games by the end of the year. 3G is one of a handful of game makers jockeying for gambling business, expecting states, hungry for new tax revenue, to open the floodgates for Internet casinos.

      Nevada is accepting applications for online gambling licenses, and in June, Delaware became the first state to approve online casino gambling for state residents, starting next year. Other states, including California and New Jersey, are considering loosening the rules for wagering on the Web after the Department of Justice reversed a longtime ban on many types of Internet betting in December.

      Word is out that Zynga is also pushing their poker game for the same reasons.

      There will be huge competition for poker players if we see national regulation, and the gamer companies will be battling the traditional casino companies.

      Casino Games

      The Myth Behind Slots

      July 27, 2012 /

      While not everyone goes to the casino, most people know what a slot machine is. These flashy, noisy games of chance are synonymous with casinos and are one of their most popular attractions. They appeal primarily to the recreational gamer who wants to experience the excitement of gambling without having to get too serious. Some people have even been lucky enough to win jackpots that number into the millions through slot machines.


      Slot machine. (Photo credit: Wikipedia)

      Through all of this excitement about slot machines, there has been a great deal of speculation surrounding their function. Some people have a misconception that the house has “rigged” the slot machine to eat more money than it gives away in jackpots. As a result, there are many myths floating that can supposedly increase your chance of winning. In most cases, these “myths” are simply a waste of time.

      For the most part, success in slots is a combination of luck and a few basic elements that will ensure you do not waste your time and hard-earned money. Below are a few of these elements to incorporate into your slot playing.

      Determine What Kind Of Slot Will Suit You Best

      There are a variety of slots available at most casinos. These slots range from penny slots all the way to slots that take multiple dollars per round. As someone who is just beginning, going the route of small change slots are your best bet. This ensures you do not feed too much money into learning the process of playing slot machines. Similarly, trying your hand at slots on no deposit required casino sites is another viable option.

      Know Your Betting Limits

      Ensure you know your financial limitations. Set a limit prior to playing and monitor that limit accordingly. When you find that you are approaching that limit with few winnings to show, it might be time to break and move to another machine.

      Manage Time At Slot

      Time management is a commonly overlooked tactic in slots. Generally, you want to spend an average of 15 minutes per machine. When you reach that time, you should have a good idea of how the machine is performing and whether or not it is time to move.

      In all, there are many myths surrounding the slot machine. However, aside from a little luck, all you need is a few simple guidelines to ensure you play smart. In doing so, you will eventually win without having lost too much.

      Casino Games

      Hilarious poker movie – The Grand

      June 23, 2012 /

      If you like poker, you’re probably going to enjoy The Grand, which was recently recommended by Premium Hollywood as a DVD pick. The movie basically spoofs the poker scene in places like Las Vegas and also the various types of poker players that you see regularly at poker tournaments. Check out the video below for examples.

      Here’s what PH said about it:

      While most sports movies tend to take themselves very seriously, with triumphant underdogs and platitude-filled speeches in their third acts, some sports just inherently lend themselves to comedy. Bowling is a great example of this, as evidenced by the success of films like the Farrelly brothers’ Kingpin and the Coen brothers’ The Big Lebowski. Poker is another, though the game itself is so relatively inactive that it’s debatable whether it should even be called a sport, and Zak Penn‘s underrated improvisational comedy The Grand takes full advantage of a poker tournament’s many humorous possibilities.

      Rent the DVD and you’ll love it.

      Casino Games, Poker

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