Tag: GamblingView All Tags
Events / Floyd Mayweather / Manny Pacquiao / Boxing / MGM Grand / Station Casinos / Gambling / Betting / Sportsbooks / Fights / → All Tags
You don’t have to be a fan of boxing to know that Floyd Mayweather will face Manny Pacquiao in the "Fight Of The Century" May 2 at MGM Grand. The boxing match took five years to come together and people are stoked. As previously detailed, hotel room prices have skyrocketed for the weekend. Tickets haven’t gone on sale yet, but brokers are already offering tickets for up to $10,000. Yowza.
Whenever there’s a big fight, sportsbooks are quick to make odds available. In fact, odds for this fight have been appearing off and on for the past couple years while the fight was negotiated. Here are the current odds from Station Casinos:
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 isn’t news as the revenue has been trending this way for over 20 years. However, one bit of information really stood out.
Whether you agree or disagree that sports wagering and fantasy sports, especially daily fantasy, are gambling, they’re similar enough to have a comparative discussion. This week, Bloomberg wrote that fantasy sports websites are positioned to become legal online gambling sites in the future. Fantasy websites tend to argue against that statement since they want to keep their noses clear of online sports gambling which isn’t legal in nearly as many states as fantasy sports.
Right now, fantasy sports is living in an online space similar to where online poker was 12 years ago before Black Friday shut down most poker websites in America. The online poker boom was great for poker players in Las Vegas. Just about every casino opened a poker room because of the popularity explosion.
Football / Gambling / CG Technology / NFL / Betting / → All Tags
Football has more money wagered on it in Nevada than all other sports combined. The NFL makes up a majority of football betting. With that in mind, it should come as no surprise that sportsbooks are always looking for ways to keep football front and center. Last week, CG Technology (formerly Cantor Gaming) released season win totals for the 2015 NFL season that is scheduled to begin September 10.
Obviously, these are early wagering opportunities so limits are smaller than you may find during the NFL season. Like with other early season win totals, these bets will change rather quickly with a few wagers on one side or the other. If you’re not familiar with season win total wagering, you can bet over or under the totals below.
Each game has a different pay table and that affects odds and returns. Reader @rickwozniak asked a fair question in the comments section of the post that others have probably wondered as well, “if video poker is random, 52 card deck, why would one game have a higher variance then another?”
First, here’s a definition of what variance is, as it relates to video poker from vpFREE2:
Gambling / Contests / Gaming / Atlantic City / Casinos / → All Tags
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 hasn’t been legalized by Nevada... yet.
Betting / Sportsbooks / Westgate Las Vegas / SuperBook / Major League Baseball / Baseball / Gambling / → All Tags
It may already feel like spring in Las Vegas, with temperatures in the 70s for the past two weeks, but it’s still a little while away. As someone who grew up on the east coast, I didn't need the weather to get warm to tell me what's just around the corner. All I needed to hear was that pitchers and catchers were reporting to spring training. That happens this week!
The Philadelphia Phillies are the first team to report to Major League Baseball spring training in Florida this Thursday, while the Oakland A’s will be the first team to report to spring training in Arizona on Friday. The first games aren’t until March, so you still have time to plan a Vegas/Arizona combo trip. This is a great trip for any baseball fan.
Vegas For Beginners / Poker / Gambling / Tips / The Strip / MGM Grand / Excalibur / Monte Carlo / Mandalay Bay / Caesars Palace / Aria / Bellagio / Venetian / Survival Strategies / → All Tags
There are many factors you should consider when deciding where to play poker during your time in Vegas, such as what games and stakes are offered, how much you receive per hour in comp dollars, tournament offerings, the level of competition, and so on.
Another factor that should not be overlooked is what promotions a given room offers and how much value you are likely to get out of those promotions. Most poker rooms in town offer some sort of incentive for players in the form of high hand bonuses, bad beat jackpots, "aces cracked" bonuses, or hours-based free rolls. What many people don't realize is that the house isn't giving away free money with these promotions, they are simply taking money that players have contributed to a fund and giving it back out in the form of a bonus.
Players Clubs / Hard Rock / Backstage Pass / Gambling / Poker / Slots / Off Strip / → All Tags
It’s been almost two years since the Hard Rock made any changes to its Backstage Pass players club so it’s time to shake things up. They’re kind enough to give a little warning so you can prepare for the changes and even jump a tier or two if you want.
Effective March 31, the invite-only Nirvana tier of Backstage Pass will be replaced with a tier called Multi-Platinum Access. The only way to receive an invitation to this level is to achieve a tier score of 300,000 in a calendar year. The General Admission, Entourage and Platinum Access tiers remain the same. New tier benefits will be announced later this year.
Imagine this scenario. A visitor to Las Vegas finds a game in a casino that he knows has a small house advantage. Therefore, he thinks, he shouldn't lose a lot of money playing that game. He plays for a short while, and he loses all of his money, and he walks away confused and pretty unhappy. What happened? Was it just bad luck? More likely, he just experienced the concepts of volatility and of risk of ruin!
A recent VegasChatter article about how much money is needed for a trip to Las Vegas got me thinking about the closely related concepts of risk of ruin, volatility, bet size, and total gambling bankroll size. Risk of ruin explains why you can play a game with a slim house advantage, and still lose your entire bankroll more quickly than you might expect.
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. I’m 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.
If you’ve been on the Vegas Strip anytime in the past year or so there’s a good chance you’ve seen that New York-New York has at least one $5 blackjack table open throughout the day. If things get busy, they’ll open a second. It’s more difficult every day to be a low roller on the Vegas Strip so any $5 game is a welcome sight for many. These tables are almost always packed with people waiting to get on them.
Unfortunately, these aren’t the games for those looking for low-rolling blackjack with good odds. You’re paid 6:5 when you are dealt blackjack, making returns on this game about three times worse than a traditional game that pays 3:2. You won’t find many games on the Vegas Strip that are under $15 or $25 that pay 3:2. Howevuh, if you're at New York-New York, you’re across the street from one of the best blackjack games on the Strip.