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It might be pointed out that where economic activity is concentrated in transfers of wealth rather than its creation, gambler's ruin results in most of the wealth being held by a very small number of participants. We see this in the stock market when speculative activity is the norm rather than long-term dividend producing investment Safety and privacy. An online casino will not try to film you and whom you walked in with. You wouldn't be kicked out of the online casino if you don't observe the dress code (we don't have a dress code!), if you win too much (like they always do in the movies!) or if they simply don't like you. You can play games in an online casino while wearing boxers and flipflops. And you can do it with beer in your hand, a cigarette or whatever is it that you prefer to consume. The online casino doesn't care. No one has to know that you do it, and no one does. It's absolutely your business and not anyone else's. The online casinos know better than abusing your trust: they just don't get the opportunity to cheat you. Besides, all serious online casino businesses employ latest state of the art encryption technologies to protect the players' privacy. When entering an online casino, study their privacy statement! The hard core security technologies that online casinos employ are designed to protect the player because it is the player that is the most valuable asset of online casinos Random number games are based upon the selection of random numbers, either from a computerized random number generator or from other gaming equipment. Random number games may be played at a table, such as Roulette, or through the purchase of paper tickets or cards, such as Keno or Bingo. Of course, a player may lose both his original bet and his Insurance bet. Hold 'em is to stud what chess is to checkers. - Johnny Moss The download version of their software has a ton more games, of course, but it's Windows-only. This is the fallacious step in the argument. If the coin is fair, then by definition the probability of tails must always be .5, never more (or less), and the probability of heads must always be .5, never less (or more). While a run of five heads is only 1 in 32 (0.03125), it is 1 in 32 before the coin is first tossed. After the first four tosses the results are no longer unknown, so they don't count. The probability of five consecutive heads is the same as four successive heads followed by one tails. Tails is no more likely. Each of the two possible outcomes has equal probability no matter how many times the coin has been flipped previously and no matter what the result. Reasoning that it is more likely that the next toss will be a tail than a head due to the past tosses is the fallacy. The fallacy is the idea that a run of luck in the past somehow influences the odds of a bet in the future. The bank is at the outset put up to auction, i.e. belongs to the player who will undertake to risk the largest amount. In some circles, the person who has first set down his name on the list of players has the right to hold the first bank, risking such amount as he may think proper. A casino generally has: There are techniques other than card counting that can swing the advantage of casino 21 towards the player, at least in theory. (It must be noted, however, that almost all of these techniques are based on the value of the cards to the player and the casino, as originally conceived by Edward O. Thorp.) One such technique, mainly applicable in multi-deck games (aka shoes), involves tracking groups of cards (aka slugs, clumps, packs) during the play of the shoe, following them through the shuffle and then playing and betting accordingly when those cards come into play from the new shoe. This technique, which is admittedly much more difficult than straight card counting and requires excellent eyesight and powers of visual estimation, has the additional benefit of fooling the casino people who are monitoring the player's actions and the count, since the shuffle tracker could be, at times, betting and/or playing opposite to how a straightforward card counter would. Last night I stayed up late playing poker with Tarot cards. I got a full house and four people died. - Steven Wright Pai gow poker S = Stand Encyclopedia of Casino Twenty-One References She hired an attorney who claimed she was not responsible because of an old English common law doctrine dating back to Queen Ann. They also sought to bar credit card companies from collecting gambling debts from California residents because it is illegal in the United States. The suit was settled before actually going to court. In the settlement her creditors agreed to drop their claims and a gambling software company paid her $225,000 lawyers bill. [edit] The term originally meant a small villa, summerhouse or pavilion built for pleasure, usually on the grounds of a larger Italian villa or palazzo. There are examples of such casinos at Villa Giulia and Villa Farnese. During the 19th century, the term casino came to include other more public buildings where pleasurable activities, including gambling and sports, took place. An example of this type of building is the Newport Casino. Eventually this term in Italian now designates a bordello (also called "casa chiusa" literally "closed house"), while the gambling house is spelled casino with an accent. The gambler's fallacy is a logical fallacy which encompasses any of the following misconceptions: [edit] Poker is a godless game, full of random pain. - Andy Bloch Online casinos are decent businesses because they work hard. And they do work hard. Conversely, a player may win his original bet and lose his Insurance bet: Double down restricted to certain totals, such as 9-11 or 10,11 After initial bets are placed, the dealer deals the cards, either from one or two hand-held decks of cards, known as a "pitch" game, or more commonly from a shoe containing four or more decks. The dealer gives two cards to each player, including himself. One of the dealer's two cards is face-up so all the players can see it, and the other is face down. (The face-down card is known as the "hole card". In European blackjack, the hole card is not actually dealt until the players all play their hands.) The cards are dealt face up from a shoe, or face down if it is a pitch game. Original Story

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