Gambling Articles

Casino Comp Envy

Playing and gambling at the Las Vegas casinos have become some sort of a status symbol for many. People see an extravagant gambler and think that he has all the money in the world to spend at the poker tables and roulette wheels. This perception has aroused interest in a lot of people who also want to look and feel like a million dollars playing at the posh casinos.

Casinos are always on the lookout for opportunities to make more money. They try to attract more people to play in their casinos and spend more money in games. They offer enticing promotions and rewards to loyal gamblers in a bid to make them come back for more. One of the rewards given the casinos are the compliments or “comps.”

Comps can range anywhere from keychains to free show tickets to free hotel accommodations. For many people, the size and value of the comps is an indication of a person’s prestige or status symbol. Most people think that the bigger and more valuable the comp, the richer and wealthier the gambler is. Which is true, in most cases.

What you don’t know is that the value of the comps is not based on the amount of money you spent gambling or the amount of your winnings, but on the amount of losses you incur. The more money you spend and lose, the bigger your comps will be, and that is the hard truth.

But why do people don’t see it that way? It is true that rich gamblers get bigger comps than ordinary Joes because they can afford to lose a lot of money, but comps should not be seen as a status symbol. It is not an indication of how skillful or lucky a gambler is, but as a sign of how much money he lost to the casino.

It’s normal for people to get envious of other people’s good fortune. When they know that someone was rewarded a big comp they become envious and want to experience it themselves. The casinos know this. So they produce aggressive promotions that feature the high-rollers of the casinos and the comps and gifts they receive from the casinos.

So don’t think that comps are status symbols. Don’t be envious of gamblers who get rewarded lavish comps. If you don’t receive comps or if they are small, it’s a sign that …

American Casino History

The history of gambling and casinos in the United States is a very colorful and interesting one. At some point in American history, gambling was illegal, and until now, there are some states that still consider gambling a crime. But times have changed, and gambling is now legalized and regulated in many US states.

During the British colonial period, attitudes toward gambling was somewhat mixed. The early Puritans balked at any form of games involving dice and cards. But in the 18th and 19th centuries, gambling was treated as a recreational activity or pastime.

In the 1800s, casinos, saloons and other gambling houses were established in the young American mainland, especially in New Orleans. Games like blackjack and poker were popular during those times, and riverboats plying the Mississippi River carried gamblers engaging in big-time gambling.

The California Gold Rush soon transferred the center of gambling activities to San Francisco. The state of California legalized and regulated casinos and gambling saloons. Wealth acquired from the gold rush found its way to organized gambling establishments and somewhat contributed to the economic boom of the Wild West.

By the late 1800s, however, California began to criminalize gambling, followed Nevada in 1910. Gambling was also illegal throughout the US mainland. Gamblers resorted to illegal card rooms, private clubs and speakeasies. The Prohibition didn’t stop gamblers from enjoying both gambling and alcohol in secret locations.

The tide turned in the 1930s when Nevada made gambling legal once again, and 20 other states allowed racetrack betting. To this day, Nevada is the number one destination for gamblers, most of which flock to the Strip in Las Vegas. Atlantic City in the state of New Jersey also followed suit with their own share of top-of-the-line casinos and resorts starting in the late 70s.

A landmark Supreme Court decision in 1987 opened the door for Native Americans to set up casinos within reservations. This sparked a casino boom that created several Native American casinos that continue to rival Las Vegas casinos for supremacy of the American gambling industry. A casino-building boom started in the 1970s and continues to this day all over the country.

With the advent of the Internet in the late 1990s, land-based casinos face stiff competition from online casinos. But the casinos are unfazed and have managed to survive the onslaught. After all, the centuries-old US Casino history gives the assurance that casinos …

Tips for playing and poker etiquette

Following the rules is mandatory, but winning at poker requires something more. The best players develop a unique style that seems unguarded to opponents yet is ultimately inscrutable. The key is being comfortable within yourself. Here are a few tips that will help you develop a relaxed demeanor and put others off guard.

Wait your turn . Folding, calling, or taking any action out of turn is rude. It creates an unfair advantage or disadvantage for other players, and it focuses attention on you in a negative was. Don’t do it.

Don’t be bullied into making a quick decision . If you need time to think, then ask for it saying “time.” This is especially important in loose games when players are eager to interpret your silence as a check. And don’t tap or rap the table while you’re thinking. This action is interpreted as a nonverbal check.

Don’t hesitate when it’s time for a showdown . Show your cards. If all players check in the last round, they should reveal their cards together. Some people are rude and want you to go first. It doesn’t matter; show your cards.

Don’t appear too smart at the table . The less people think of your ability, the more they will underestimate you. Let them believe you’re half-witted or on tilt. Just be sure you’re not.
Take a break when you’re tired or hungry . It’s no big deal. Just ask the dealer how long you can be away from the table. Twenty or thirty minutes is usually allowed. Count your chips and leave them there. It’s the dealer’s job to be sure they are untouched until you return. Poker’s price for fun and money management

The house rake is obviously only a part of poker’s price for fun. The rest depends on who is playing. Are you better than everyone else at the table? If the answer is yes, then the price for fun will usually be zero or less. Poker will pay you money.…

Tipping the Dealers

If a crew of dealers is friendly and helpful, I believe the players should tip, or toke, them, whether or not they’re winning. Sometimes a word or two from a dealer can make the players a bit of money or save them from losing money.

If a player has forgotten to take odds on his come bet or hasn’t backed up his line bet to the limit, competent and aware dealers will make it their business to correct this oversight.

Sometimes in a hectic game, after a player has received a payoff on a come bet or some other wager, he may forget to pick up the chips and will leave them in the wrong betting area. A dealer who is alert will point out this mistake and can save the player a bit of grief.

In the heat of battle, in the middle of a hot game of craps when a player has a lot of bets working for him, it pays to have a dealer who’s on his toes and who has the interests of the players in mind. Tipping keeps that interest at a high pitch, but I don’t suggest toking a dealer unless he’s competent and helpful.

Hostile dealers don’t deserve anything, no matter how much a player wins. Neither do greedy dealers who push for tokes. But when a dealer is doing his best, all means make a few bets for him and for the crew.

The most common way players toke dealers is making center proposition bets for them. A player might throw out some chips to the stickman and say, “All the hardways, one and one”. This means that all the hardway bets are covered, with one chip bet for the player and one for the boys, which is the most common term used for a crew of dealers.…

Time Saver

The moral is, if you’ve got the nuts, then don’t back down, but be absolutely sure that you’ve got the nuts.

The reverse moral is, if you’re definitely holding the nuts, don’t wither in the face of an aggressive player who thinks you’re bluffing. Don’t just call him; raise him. Make him fold or make him feed the pot to see your cards. Remember, the goal is not necessarily to have the best hand, it’s to win the biggest pot.

Hotshot was indeed on tilt. He wasn’t thinking clearly, and he became greedy. The biggest mistake was playing it cool after the flop. Hotshot needed to establish credibility and prevent the others from improving their hands. He did neither. That’s why Killer and the other players took his money all night long.

Poker economics and practical matters

Where is the casino during all this heated action? They’re sitting above the fray collecting a portion of every pot. This is called the rake. Five to 10 percent is common.

Or they may charge an hourly fee per player. Other casinos simply collect a flat amount for every hand. Whatever the method, you’ll pay about $10 per hour to sit in a low stakes game. That amount will more than double in a higher stakes game.…

The gambler Breathed Easier

The Horseshoe Club in downtown Las Vegas, which recently bought out the Mint next door, is unique in several respects. Although they have a nominal limit at the craps tables, which I believe is $5,000, that goes out the window if a gambler really wants action. They’ll raise the limit up to the first bet of the player, or make separate arrangements if a big roller wants them.

Thus, a player can come to the table and make a $100,000 bet on the line, back it up with a million dollars-yes, a million dollars! and he’s faded, as the old craps shooters say. The Horseshoe will cover the bet.

The reason he can put a million behind the line is that the casino will allow ten times odds. We’re not talking about single or double odds, but ten times the initial bet on the line, come, or don’t come bets.

Now, with ten times odds, what Binion’s casino is giving you is the best game in town, because he’s reducing the house edge to the bare minimum. With single odds, if you bet $1 and took $1 odds on the 4 or 10, for example, you’d be paid $3 for your $2 bet.

If you bet $1 and took $2 odds (double odds), you’d be paid $5 for your $3 bet. But at the Horseshoe with your $1 bet, you’re taking $10 free odds and being paid $21 for an $11 bet. The correct odds on a 4 or 10 is 2-1, so you’re getting a trifle below that.

With this small edge, the free drinks, and the fact that you have them run a game for you, staffed with dealers, well, it’s worthwhile taking your shot at craps here.

We were previously discussing the maximum bet allowed at the Horseshoe, and showed how a million dollars could be bet behind the line on a $100,000 bet.

Just how much will the Horseshoe allow? I was speaking a few years ago to Teddy Binion, who was the casino manager at the time.

He’s Benny Binion’s son, and Benny founded the Horseshoe. He said they’d definitely take a $2;000,000 bet. And above that? He shrugged and said it depended on the circumstances.…