Tag: Gambling

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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 (5)

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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Mega Progressive Video Poker At Golden Nugget For April

March 31, 2015 at 12:54 PM | by | Comments (2)

IGT has partnered with the Golden Nugget to launch the first video poker interstate jackpot pool in Las Vegas and Atlantic City. SuperTimes Pay Poker Mega Progressive jackpots are similar to the large payouts you find in Megabucks and Wheel of Fortune slot machines.

The SuperTimes Pay Poker Mega Progressive jackpot (say that three times fast) is available in 3 play video poker machines in quarter and dollar denominations. SuperTimes Pay Poker machines often start with nickel denomination so make sure youíre playing the correct amount if youíre chasing the big money.

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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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Great Scott! A 1989 World Series Prediction Is Driving Sports Bettors Crazy!

March 26, 2015 at 7:30 PM | by | Comments (8)

The 2015 Major League Baseball season is almost upon us and now is the time for sports bettors to get their pre-season World Series picks in. Itís an especially exciting time for Chicago Cubs fans. After recently signing starting pitcher Jon Lester, this may be the Cubs best chance at breaking the Curse of the Billy Goat in years.

If youíre not the type to believe in curses, perhaps density destiny is more your style. If thatís the case then, before making any wagers, you may want to consider that the outcome of this yearís Series was predicted more than 25 years ago.

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Shop Around For The Best Gambling

March 26, 2015 at 2:05 PM | by | Comments (11)

Unless you gamble frequently, you may not realize it isnít all the same. To the non-gambler, blackjack is blackjack is blackjack. Gamblers know that isnít true. Not only do many casinos offer different rules, odds and returns for games, you may even find different rules and odds for the same game under the roof of a single casino.

A casino may offer blackjack with different odds depending on if you're by the door, in the high limit room or in the party pit. This can be the case with other forms of casino gambling, from betting on sports to video poker.

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All About That Ultimate Poker X

March 25, 2015 at 4:54 PM | by | Comment (1)

Video poker is a funny thing. Most players fall in one of two categories: theyíre either a slave to only playing the best pay tables or they donít care about them at all.

I care about pay tables about 80% of the time and usually only play the best available. The other 20 percent? I donít care. I will play a game that features a random bonus round, one that sits atop a bar where I want to drink, or one that has a twist, like Ultimate Poker X. Nickel and penny video poker games often have awful pay tables so I didnít even bother looking when I first pull up a seat at a 3-play nickel Ultimate X game, which takes 30 credits.

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Virtual Horse Racing In The Works

March 17, 2015 at 1:13 PM | by | Comments (7)

You may have heard the Nevada Gaming Commission authorized wagering on the Olympics last month. What you may not have heard is that it also approved virtual horse racing the same day.

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Megabucks Hits At Westgate

Where: 3000 Paradise Road [map], 89109
March 16, 2015 at 1:44 PM | by | Comments (9)

All you have to do is page through this site to see Westgate is doing a great job at keeping itself in the headlines. With a steady drip of new announcements and offerings since David Siegel took over the former LVH property last summer, there's much to discuss, anticipate and explore.

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Don't Spend March Madness In Line

March 13, 2015 at 1:35 PM | by | Comments (2)

March Madness keeps Las Vegas sportsbooks hopping. The first four days of the NCAA basketball tournament have rivaled the Super Bowl in the amount of money wagered. Something to consider is that the Super Bowl is one huge game while the first two days of March Madness each have 32 games from 9 a.m. until about 10 p.m. Things slow a little on Saturday and Sunday with only 16 games each day.

It's very possible the money wagered on the first weekend of March Madness will surpass the Big Game. It's already being estimated that more than $9 billion will be wagered on March Madness worldwide ($240 million in Nevada) and over 40 million people will fill out tournament brackets.

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May 2 May Be The Busiest Sports Betting Day Of The Year

March 13, 2015 at 12:16 PM | by | Comments (0)

The first weekend of May is always a great time to be in Las Vegas. As the weather turns from winter to spring, that weekend will bring Cinco De Mayo parties, the Kentucky Derby, and a big boxing match. This year, that weekend should bring more action than usual to the sportsbooks.

You may have heard that Manny Pacquiao will go head-to-head with Floyd Mayweather in the "Fight of the Century" that weekend. It's expecting to bring in almost as much revenue as the Super Bowl.

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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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