Tag: Casinos

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Casino Owner Derek Stevens Could Win $1 Million If Michigan State Wins March Madness

March 31, 2015 at 5:05 PM | by | Comments (4)

On December 5, Derek Stevens, owner of The D and Golden Gate casinos in downtown Vegas, placed a $20,000 wager on the Michigan State Spartans to win the NCAA Basketball Championship at 50-1 odds. He placed the bet at the Golden Nugget. As March Madness comes to an end, Stevens stands to score one million if Michigan State can win their last two games.

On Saturday, April 4, Michigan State will play Duke at 3 p.m. (PT) in the first, national semifinal game. If the Spartans win, they will take on the winner of Kentucky vs. Wisconsin who play later that evening. The final game is scheduled for Monday, April 6 in Indianapolis.

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Video Poker Probability Is Strange And Kind Of Fascinating

March 27, 2015 at 10:37 AM | by | Comments (5)

Call us (me) simple, but thereís almost always something interesting when looking behind the numbers in gambling. Todayís example of being easily intrigued comes from looking at how often certain hands show up when playing Jacks or Better video poker.

We already know a Royal Flush will appear once almost every 40,000 hands played. Knowing that helps players adjust to rarely getting the big hand and makes it one of the best games in the casino.

Whatís fascinating today is the following:

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Craps And The Persistent Question Of Fair And Square

March 12, 2015 at 8:28 PM | by | Comments (3)

We recently looked at dice control, a controversial craps technique that, if successfully implemented, could skew odds in favor of the player. While most of the evidence offered by the methodís subscribers is anecdotal, and the skill necessary to execute controlled rolls significant, dice setting remains a popular topic among gamblers.

Like card counting, dice control is seen as a rare opportunity to beat the house. Conversely, casinos could theoretically increase the house edge by shaving dice at the craps table. Rumors of dice shaving have been circulating among craps players seemingly since the very first time a shooter sevened out. Suspicions persist today even despite cameras, gaming regulations, and the fact that a solution for the potential exploit was introduced more than 100 years ago.

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IRS May Drop Jackpot Reporting Thresholds

March 12, 2015 at 12:38 PM | by | Comments (28)

The IRS is suggesting a change in gambling tax laws. A new proposal would require gamblers to report winnings on slot machines, video poker, keno and bingo for jackpots of $600 or more. That's quite a cut compared to today's thresholds of $1,200 for slot and video poker players and $1,500 for keno players. The IRS has set a 90-day period for the casino industry to respond to the suggested changes.

If youíve ever hit a $1,200 jackpot on a slot or video poker machine, youíve probably had to sit around and wait for a casino employee to pay you and to sign off on your tax forms. Depending on the time of day and casino, this process could take anywhere from five to 30 minutes.

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A Center Bar And Parlor Lounge For The Mirage

Where: 89109
March 11, 2015 at 9:17 PM | by | Comments (6)

The Mirage is building a new dream experience. We know this because it says so right on the construction wall.

Where poker was once the only name of the game will rise two new drinking spots, Center Bar and Parlor Lounge. Since an official announcement has yet to be made, here's what we can surmise from those same construction wraps:

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Gamblers On The Vegas Strip Are Very Different Than Those Downtown

February 27, 2015 at 2:34 PM | by | Comments (17)

Nevada gaming revenue reports are fun to read and you don't have to be a nerd to enjoy them. You†can learn†a lot about people that gamble. How they gamble, where they gamble... it's all fascinating.

When perusing the year-end Nevada gaming revenue reports for 2014†there was a lot of obvious information that most people see on a regular basis. People on the Vegas Strip gamble less than people in Downtown Vegas. This isnít news as the revenue has been trending this way for over 20 years. However, one bit of information really stood out.

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At Caesars Palace, Omnia Taking Over More, And Other Changes

Where: 89109
February 24, 2015 at 3:04 PM | by | Comments (2)

Caesars is betting big on Omnia, the mega-nightclub taking over PURE and due to open Friday, March 13. And soon, you can, too.

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Could Vegas Be Next? New Form Of Gambling Coming To Atlantic City

February 17, 2015 at 2:51 PM | by | Comments (5)

Last week, Borgata in Atlantic City announced it will host New Jersey's first physical, skill-based gambling competition. The contest will be a basketball free-throw shooting contest for money that will take place March 21.

The competition will be the first of many non-traditional, skill-based gambling contests Borgata plans to offer. The contest is debuting in New Jersey as part of a program called "New Jersey First" started by the New Jersey Division of Gaming Enforcement. The goal is to offer new gambling options before other states so something like this hasnít been legalized by Nevada... yet.

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At Flamingo, A Cafe Closes And Other Changes

Where: 89109
February 16, 2015 at 7:25 PM | by | Comments (13)

Is Flamingo launching an intensive top-to-bottom overhaul which will bring more room updates? Or, is what's happening around the center Strip hotel-casino meant to update, but not overdo? The big picture over at Flamingo is still unknown, but one thing's certain -- this dirty bird is molting.

Yesterday, the resort's Tropical Breeze Cafe marked its last day of service while the Paradise Garden Buffet scaled back hours last month to just 7 a.m. to 2 p.m. Now, VegasChatter fan Jeff C. brings us our latest report on Flamingo, complete with images captured this past weekend.

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How Do You Video Poker?

February 6, 2015 at 12:18 PM | by | Comments (16)

Combine the hands and we have a jackpot!

To beginners, all video poker games are the same. They look the same, so they must be the same. Right? Wrong. Video poker players know this to be far from the truth. There are different types of video poker games, different variations, different payouts, different odds, different strategies, games with different volatility and more. A video poker player doesn't just sit willy nilly down and play any ol' game. Here are some factors that go into choosing the right machine:

Returns and Odds: Video poker returns and odds you see posted online are based on perfect play. Anything less than perfect play will affect the expected returns for the worse. Even though it's rare there are still video poker games with positive returns. You can find where they are in Las Vegas†on vpFREE2.com. Iím okay playing with a small house advantage and I try to stick with 9/6 Jacks or Better which returns 99.54% with perfect play.

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'Wild,' 'Dangerous' Gambling Movies Coming Soon

February 3, 2015 at 12:11 PM | by | Comments (5)

Two movies headed to a theater near you will focus on casinos and illegal sports betting.

Based in Las Vegas, Wild Card is about a down-on-his-luck degenerate gambler played by Jason Statham. The movie (trailer below) looks like your typical Jason Statham movie set in and around casinos. Besides gambling and typical Statham ass-kicking expect to see lots of Vegas in the background.

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Dice Control: Real, Fake Or Other?

January 22, 2015 at 3:39 PM | by | Comments (21)

Dice control in craps is the theory you can influence the outcome through your throw. Controlling dice is no easy task since not all craps tables and rolls are exactly the same. The bounce in the felt on tables can be different even in the same casino. Likewise, the back wall of craps tables may offer a different bounce by their pyramid placement. Dice control goes beyond simply setting the dice in a certain manner. It's the entire process of rolling the dice.

In theory, dice must be rolled at the exact same velocity and angle every time while hitting the same spot on the back wall to achieve the same result over and over. It would take a lot of practice to come up with the muscle memory to roll the dice exactly the same all the time.

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