Tag: Gambling

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Check Out The Futures on The Kentucky Derby

May 1, 2015 at 11:28 AM | by | Comments (2)

With all the talk this week about Floyd Mayweather vs. Manny Pacquiao it's easy to have forgotten that the biggest horse race of the year also takes place on Saturday.

The 141st Kentucky Derby will happen most of the morning of and most of the afternoon before the big fight.

Since you can't wager on the race itself in Las Vegas until Saturday, let's take a look at how people have been wagering on futures for the Kentucky Derby like we did with fight odds and wagers earlier this week. Once again the information is courtesy of William Hill.

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Comps 101: Rating vs. Points

April 30, 2015 at 11:51 AM | by | Comments (13)

Some of you are veterans to this type of information, but we come across several people often that are not quite sure exactly how a players club card works in the table games pit. As you likely know, when you insert your players card into a slot machine or video poker machine, every dollar you spend will earn you points for your play. You can use these points for comps on rooms, meals, drinks, and at some casinos, cash back or freeplay. Now, with that being said, let's talk about how it works in the pit.

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How Wagers Are Coming In For Mayweather vs. Pacquiao

April 29, 2015 at 1:15 PM | by | Comments (4)

Shortly after Floyd Mayweather vs. Manny Pacquiao was announced, we let you know about some of the betting options available with sportsbook operator Station Casinos. Today, we're going to look at the opening and current odds offered by William Hill. This will give a glimpse into how people have been wagering on the fight as it approaches. Here's a look at how things have changed:

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The Loosest Slots In Vegas Aren't Where The Tourists Are

April 22, 2015 at 12:06 PM | by | Comments (22)

This is the 22nd year Casino Player magazine has released national results for loosest slots in America. They gather public slot information from various local gaming commissions for a 12-month period and report where the casinos with the loosest slots can be found.

Without going too deep into the definition of "loose slots", a term created by Casino Player, the looser the slot machine, the more money it returns to players. Loose slots doesn't mean the player has an advantage. The casino still has a house edge, but looser slots offer better returns. While there isnít public information on which specific machines offer the best returns, this research is still helpful by pointing players in the right direction.

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Before You Hit The Vegas Tables For Your 21st

April 17, 2015 at 7:11 PM | by | Comments (20)

So you or someone you know has just turned 21 and you want to get out there and have some fun gambling in Vegas. Every year, thousands of people come to Vegas for their 21st birthday to drink, party and, of course, gamble legally for the first time. But, a good question is where do you take a first-time player to ensure they get the most bang for their buck?

I have been a casino dealer for about five years and, when I gamble, I look for the best odds with the best limits. When friends and family hit the big 21, they always ask me to take them out for a night of lucky chance. I love to gamble! Some might think, ďwow, this guy has a problem!Ē Not at all, actually; I play smart and never put myself in financial harm. So, with that in mind, here's my personal guide to how to go all in for the big 2-1:

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Plenty Of Unique Chips To Be Found In Poker Rooms

April 17, 2015 at 1:38 PM | by | Comments (10)

VegasChatter reader Jim L. recently asked a question about which casinos in Las Vegas use different chips in their poker rooms than in the rest of the casino. The question stemmed from his discovery of the cream-colored $1 chip (seen below) during a visit to The Mirage poker room. This chip differs from the blue $1 chip which is found elsewhere in the casino.

When it comes to $1 chips, to the best of our knowledge, The Mirage is the only casino in Vegas that uses a specific chip set just for the poker room. If you were to play blackjack or other table games at The Mirage, you would see the blue chips. In the $3-$6 limit game that regularly runs in the poker room, you would see the cream-colored chip.

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Total Rewards Has A VIP Inflation Problem

April 16, 2015 at 3:04 PM | by | Comments (21)

Caesars Entertainment, still navigating its way through a bankruptcy years in the making, is gambling with one of the most valuable assets in the casino industry. You probably know that we donít mean the year old, $550 million dollar Ferris wheel. You might have guessed weíre talking about one of the mega resorts that line The Strip, but thatís not it. Itís the Total Rewards loyalty program, valued at more than a billion dollars, that is where all the action is.

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26 Casinos With Video Poker Returning More Than 100%

April 9, 2015 at 12:02 PM | by | Comments (11)

Good gambling is getting harder to find every day. Thankfully, itís not gone altogether. While some casino operators are looking at new ways to generate revenue (i.e., bottle service) there are still some operators who still look to the casino to earn their revenue. These casinos often offer better odds in blackjack, craps and, in this case, video poker.

Better odds arenít all weíre searching for when it comes to video poker. Weíre looking for the best odds. Specifically, we're looking at games that return at least 100%. Playing video poker games with 100%+ returns and perfect strategy will allow for a rare positive when gambling, expected value. That represents the average amount you can expect to win per bet if the bets each have identical odds (like these games) and are repeated many times. When you have a game with positive expected value, youíre repeating a wager that will return more than you play over time.

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Casino Owner Derek Stevens Loses $1 Million Bet

April 7, 2015 at 11:29 AM | by | Comments (12)

Last week, we told you about a $20,000 wager made by Derek Stevens, owner of the D and Golden Gate casinos in Downtown Vegas. It was placed on Michigan State to win the NCAA basketball tournament could have netted him a cool million bucks.

Stevens was on just about every media outlet you could imagine talking about the ďMillion Dollar BetĒ until game time where he hung out at Long Bar inside the D to watch the big game. If you were at there over the weekend, you could have even taken a photo with a giant replica of the ticket (shown above).

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Limit Or No Limit? That Is The Question

April 3, 2015 at 1:27 PM | by | Comments (3)

Walk into any of the dozens of poker rooms in Las Vegas and the game you are most likely to see running is Texas hold 'em. While there are plenty of places around town to hit up if you're looking to mix things up with some different games, hold 'em is currently king in the world of poker and shows no sign up giving up that crown.

It's important to note that hold 'em comes in two distinct flavors: limit and no-limit. While the general rules of the game are the same regardless of which style you are playing, the difference in the betting structures can make the games massively different when it comes to how the action plays out.

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Looking For A Good Gamble? Game Selection Isnít Enough

April 2, 2015 at 7:41 PM | by | Comments (9)

Most casino visitors know the odds are stacked against them. Still, itís fun to try and take on the house. Some players go for broke and play games like Megabucks, where the chances of winning are minute but the potential payout colossal. Others pick games like blackjack, where big wins are rare but the chances of leaving ahead arenít so bad. Whatever you choose, itís important to understand game selection alone doesnít determine your odds.

Gamblers thinking theyíll play things safe by sticking to conservative games like video poker and craps often overlook the fact that those games are only safer if played under the correct circumstances. Played incorrectly, either by using imperfect strategy or by making the wrong types of bets, these games can have a house edge as bad as the worst of slot machines. Additionally, even if playing optimally, casinos can change the rules such that the odds arenít as you would expect. Hereís a look at just how widely the house edge can swing on some of the most popular games:

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An Update On 6:5 Blackjack

April 2, 2015 at 1:50 PM | by | Comments (20)

6:5 blackjack. Oh, 6:5 blackjack.

Why we hate 6:5 blackjack

Letís keep it simple. When a casino pays 6:5 on blackjack instead of the traditional 3:2, you get paid less money when you get a natural blackjack. The difference is getting paid $12 for a $10 wager on a 6:5 game vs. getting paid $15 for a $10 wager on a 3:2 game.

Depending on other rules of the game, this can push the house edge from about 0.43% to 1.88%. Thatís a huge shift in odds. You can play with this blackjack calculator to see the house edge in any blackjack game.

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