Tag: GamblingView All Tags
Interblock / Gambling / Holograms / Technology / The Quad / The Cosmopolitan / MGM Grand / Rio / Blackjack / Baccarat / Roulette / Millennials / → All Tags
You may not be familiar with Interblock, but thatís going to change.
Interblock creates multi-player casino games that allow many to gamble together. You may have seen Rapid Roulette, Rapid Craps and video blackjack from other companies, but Interblock takes those ideas to another level. In the past weeks, theyíve introduced hologram gaming†at The Quad and The Cosmopolitan.
The fella above is Hans. Heís a sweetheart of a dealer at one of this writer's favorite low-rolling casinos. Late last year while waiting for some friends, another friend and I decided to play a little blackjack. Hans was beating me up pretty badly so I took a short break and let him crush the dreams of the other people at the table while remaining in my seat. While still seated, I decided to whip out the iPhone and catch up with email, tweets and friends on Facebook. It was cool. Hans didnít seem to mind. Neither did the pit boss. We were all chatting and having a good time while he busted up other players.
After leaving the table it hit me that I wasnít asked to stop using my mobile phone while others were playing blackjack. Back in the day, dealers and pit bosses would scold or reprimand someone using a mobile phone at the tables like a second grader. More recently, dealers and pit bosses would ask -- nicely -- if guests could step away from the table or put the phone away. Since my experience, I've noticed that dealers and pit bosses all around Vegas are easing up on the scolding. Gentle requests are still made sometimes, but not as often as the past. This has been my personal experience at casinos all over Vegas in the past few months.
Gambling / Taxes / Players Clubs / → All Tags
Weíre gamblers when it comes to just about everything in Vegas, but thereís one thing we donít mess with and thatís taxes. Every state and country (Good luck, Canada) has its own tax laws when it comes to travel and gambling and it can all get a little confusing. We always recommend speaking with a certified tax professional before doing your taxes, but here are some tips to get you started.
Gambling winnings†are all taxable and so are†large comps (i.e., flights and vacations for high rollers, not your cup of coffee). You must report all gambling income on Line 21 ("Other Income") of IRS Form 1040. So, if you're a winner, prepare to pay up. If you're not, you're able to write off some†of your gambling losses. Every casino will provide tax records called a win/loss statement of your gambling from the previous year around February and March. While you'll have to pay taxes for your winnings, you can deduct the losses. Keeping your own record of each gambling session is best, but win/loss statements are helpful for many gamblers.
Vegas For Beginners / MLB / Baseball / Gambling / Sportsbooks / → All Tags
MLB Spring Training is underway and professional baseball games are on the board and available to bet at sportsbooks. The two most popular sports to bet on, football and basketball, are most often bet using point spreads. Baseball is the third most popular sport for bets and that's possibly because people are simply confused about how to do so. Most bets on baseball use a money line where you just have to pick a winner.†The money line can be intimidating because just about every game is different, but it's really quite simple.
The money line is based on bets of $100. For example, +200 means you will win $200 on a $100 bet. On the other hand, if the money line is -200, you must bet $200 to win $100. Itís always easiest way to explain money line betting with an example:
Video Poker / Royal Flush / Gambling / Odds / → All Tags
When we play video poker, we all want the Royal Flush. The Royal Flush in video poker pays exponentially more than any other hand. Itís possible to win in the short term without getting a Royal Flush, but those extra credits go a long way to making us happy.
To non-video poker players, all the games look the same but they arenít. Payouts are different, giving each game different odds and volatility. The Royal Flush may pay the same 4,000 credits in most games, but it may not come up as frequently from one game to another. Each video poker game has a different Royal Flush cycle meaning youíll only see a Royal Flush every so often. Hereís a look at the breakdown:
Vegas For Beginners / Players Clubs / Vegas Observations / Survival Strategies / Gambling / Casinos / Tips / → All Tags
We all know that players clubs donít exist only as a vehicle to give us freebies and discounts. Theyíre marketing tools that casinos use with much more diligence than you may realize. Rewarding casino customers for their loyalty makes plenty sense, but thereís a rhyme and reason behind every single offering. Casinos look at players clubs as a way to reinvest in their most loyal customers. Casino executives call this ďPlayer ReinvestmentĒ since rewards have historically been based solely on gaming revenue.
What might surprise you is how much casinos value customers. Casinos spend anywhere from 20%-40% of tracked gaming revenue on player reinvestment. As you might imagine, that money isnít spread equally among customers. The more money a customer brings into the casino, the more the casino will invest in making that person return.
March Madness / College Basketball / Gambling / MGM Grand / The Orleans / Orleans Arena / Thomas And Mack Center / → All Tags
Before the field of 68 is revealed for March Madness, 32 teams will earn their conferences' automatic bids for the NCAA College Basketball Tournament. Four of those March Madness bids will be given out here.
Four conference tournaments will take place in Las Vegas and there will be dozens of live college basketball games over nine days. Unlike most college basketball tournaments, you can bet on the games you're watching. Since the majority of the games take place at The Orleans†and MGM Grand you can even walk to the sportsbook from the arena in between games to make some bets.
*The West Coast Conference tournament will take place at The Orleans Arena March 6-11.
*The Pac 12 Conference tournament will take place at MGM Grand March 12-15.
*The Mountain West Conference tournament will take place at the Thomas & Mack Center March 12-15.
*The Western Athletic Conference tournament will take place at The Orleans Arena March 13-15.
Vegas Facts / Blackjack / 3 Card Poker / Baccarat / Sports Betting / Downtown Vegas / Downtown / Gambling / The Strip / → All Tags
Itís no secret we love seeing new data on both gambling and Las Vegas. When you put the two together thereís something magical. The UNLV Center for Gaming Research recently released a paper detailing data from 2013 about gaming win, hold percentage, and handle (total amount bet) for casinos on the Vegas Strip. Whatís most interesting isnít the amounts bet or which games people played most, but how often casinos actually won from players. Each game has a built-in house edge so, theoretically, thatís how much the casino should win. Unfortunately, for the majority of gamblers thatís not the case in a big way.
Casinos won 33.03% of the money wagered in 3 Card Poker. Depending on the casino played, rules and bets made the house edge for 3 Card Poker somewhere between 4% and 7%. This is a big disparity. On the other side of the fence, casinos only win 11.36% of the money played in blackjack. This includes all types of blackjack games (blackjack switch), side bets (lucky ladies) and rules (6:5 for blackjack). Casinos still win less from blackjack than most other games.
The Cosmopolitan / Drinking / Gambling / Blackjack / Video Poker / Bond / Vegas Changes / → All Tags
There was a day where it could be said that the Cosmopolitan didnít get gamblers. It may be still be true that they donít get gamblers, but itís no secret the Cosmo has been trying to acquire gamblers. Over the past year, theyíve been making small tweaks to their casino marketing to draw in more gamblers to supplement their bottom line. One of the more drastic changes to the casino is with Bond Bar.
The Cosmo has copious bars throughout the property making it a favorite place for many to stop, relax and grab a drink. However, gamblers (like this guy) would drop $10 for a drink and head to a casino elsewhere. Thatís no longer necessary as Bond has gone from being just a loud Strip-side bar to being a loud Strip-side bar with video poker and table games.
The Winter Olympics start today. Excitement runs high for the games as we get to see sports like bobsledding and ski-jumping on television. And, while you might see them on in the sportsbook if itís a slow night, you wonít be able to bet on the action. <sad trombone>
Las Vegas sportsbooks arenít allowed to take wagers on amateur sports besides your typical college sports like football or basketball. This goes back to the early 2000s when there was an attempt to outlaw college sports betting in Nevada. In order to compromise, state officials proposed to ban ďotherĒ forms of amateur sports.
A lot of ideas to make gambling easier for the customer are run up the flagpole with the Nevada Gaming Commission (NGC). Some are approved, but most arenít. A controversial idea and regulation change was just pitched. A company called Sightline is proposing the use of prepaid gaming cards that would be used in slot (and video poker) machines. The idea is that these prepaid cards would be akin to prepaid gift cards. Their use would also be similar to casino players club cards that could be loaded at banks and then used at slot machines to insert and†withdraw money.
Gaming regulators have always set barriers between personal bank accounts and slot machines. Since gambling can be addictive, this separation exists so that gamblers couldn't easily drain their bank accounts. ATMs are allowed in casinos, in part, because they have daily limits and donít directly connect gambling with personal bank accounts.
Football / NFL / Big Game / William Hill / Prop Bets / Gambling / Betting / Sportsbooks / Super Bowl / → All Tags
Betting on the†
Super Bowl Big Game†has grown almost every year over the past decade for two reasons. Obviously, the increased popularity of the game is a major reason for general growth of the sports, but prop bets (prop is short for proposition) have become more popular every year.
When†William ďRefrigeratorĒ Perry scored a touchdown for the Chicago Bears in Super Bowl XX†it woke gamblers up to the potential for big wins with prop bets when he cashed a 20-1 prop bet for some people. Prop bets have become so popular that there are now around 400 prop bets at most sportsbooks†for the Big Game. Almost half of the money wagered will be on prop bets. Thatís serious.
The prop bets you can make with sportsbooks in Las Vegas are based on the action on the field. The
silly†fun prop bets, like ďwhat color gatorade will be poured on the winning coach?,Ē are only available online. Those aren't legal in Nevada. The point spread and total were released over a week ago but, as you'd imagine, it takes some time to come up with another 400 prop bets so it took some time for them to be released. They're out now and we're ready to get down! Letís take a look at a few of the legit prop bets that the William Hill sportsbooks made available on Friday.