Winning Tips to Beat the Casinos

casino gambling is centuries old and quite traditional for European countries. Even earlier than the modern day Vegas casinos were set up, people collected in gambling houses and clubs to wager money and have some fun. The most excellent part about casino gambling today is you can play at land-based casino or just log on to a website and play the very same games.
Each and every gambler is likely to remember the best and the worst gambling trysts they have had over the years. No matter how long or how casually you gamble, it is hard to forget the most significant events of your sessions at the casino. The greatest part about casino gambling is that you get a little better at it by experience. The more you have gambled and the more accomplishment at the table you have seen, the more likely your chances of winning. Of course, this has nothing to do with your learning the game better but the only thing is the experience of gambling teaches you to trace odds and discern patterns a novice gambler may not see.

The most essential suggestion to winning at casino games is to attempt to level out the wins and losses over a period. If you have a winning streak right at first, you are probably extremely lucky but consistent play will show that no winning streak lasts endlessly. Further more, no losing streak will last endlessly either. The key is to make certain you level out your wins and losses to become a balanced player. However, this should not mean that you keep wagering money well beyond your capacity just to balance a bad stroke of luck.

The key to smart casino play is to put a limit on how much you will wager. This implies that you must fix a maximum bet and a maximum bankroll you intend to play with. Obviously, you will have to select your games carefully as well if you have these restrictions in place. At a casino, there is no end to how much you can bet but there is no point going bankrupt in one night. Be careful not to exceed your maximum wager always whether you are winning or losing. If you keep a watch on your wager you will automatically keep a watch on how much you have lost and therefore be able to make smart moves and quit the game if need be or continue playing.

A most vital factor that governs casino play is house odds. Every casino whether offline or online has some house odds. House odds establish the percentage chances of the casino walking away with your money. In most casinos and most games, the house odds are as high as 90–98 %. With such high odds against you, there is only about 2-5% chance you will win. This spells the need for some smart money management and a betting system.

Congress Assaults UIGEA

Another congressional push to de-claw the Unlawful Internet Gambling Enforcement Act came Thursday when U.S. Senator Robert Menendez (D-N.J.) proposed the Internet Game Licensing and Control Act (S3616). The bill aims to define specific Internet wagers and online casinos, such as poker, bridge and mahjong, as “skill games” and seeks to legalize and regulate them.

If passed, Menendez’s bill would require the Treasury Department to issue operating licenses to firms that meet certain criteria: Firms that apply for licenses would have to provide a full breakdown of their corporate structure for free casino games, including proof of their experience in the gaming industry, adequate financial solvency and a record of UIGEA compliance. The Treasury Department would also conduct background checks on applicants’ owners and associates and would require they have effective methods in place to block addictive gamblers and children from accessing their sites.

The bill would limit online casino operators to providing “skill games,” which are defined as any game “in which success is predominantly determined by the skill of the players.” It would also explicitly block online sports betting and would carry a stipulated fine and/or five-year prison sentence for the owners of any firm caught operating without a license. Similar measures would be implemented against licensed firms that engage in gambling fraud, tax avoidance or money laundering.

“One of the things that Senator Menendez gravitated to is the fact that, under the current environ- ment, consumers aren’t getting the protection that they deserve,” said John Pappas, president of the Poker Players Alliance. “He wanted to introduce a bill that would provide a regulatory framework that protected U.S. consumers.”

The bill is similar to the Skill Game Protection Act, HR2610, which was proposed by Representative Robert Wexler (D-Fla.). And it comes on the heels of the House Financial Services Committee’s approval of the Payment System Protection Act, which Representative Barney Frank (D-Mass.) has been pushing for since 2007.

The SGPA would explicitly exempt “skill games” from casino language in existing federal laws like the Wire Act of 1961 and the UIGEA.

The PSPA (HR 6870) would force the Treasury Department to specify which games it considers illegal. Many financial institutions have demanded such specificity, claiming the swath of activities considered illegal under the UIGEA is far too broad for them to successfully monitor.

In any case, the past week’s $700 billion “bailout” bill forced lawmakers to put further progress on pro-gambling legislation on hold. Prospects for all three pieces of legislation look bright, however, insomuch as the PSPA is ready for a vote on the House floor and the SGPA has already garnered 22 co-sponsors.

The PPA is strongly backing the three bills and provides regular updates on all U.S. gambling legislatuon on their website.

“Movement of this bill this session is unlikely, but this is a great rallying point so that the casinos poker community can know where their senators stand,” said Pappas. ”We encourage poker players to contact their senators and ask them to support the (Menendez) bill. We intend for this bill to be reintroduced in the next congress.”

Source: http://www.gamblingplanet.org/Congress_Assaults_UIGEA