Feb 02, · Games & Recreation Gambling. Next. What odds does this mean 5/2 or 6/5? 1) on a $2bet you get back $7 - what percent return is this? 2) on a $5 bet you get back $11 what percent return is this? 3) which one is actually the longer shot? thanks folks. Follow. 8 answers 8. Report Abuse. Are you sure you want to delete this Status: Resolved. If your casino offers blackjack games in an area where other casinos also possess a good number of these games, you may consider replacing the games with double and six deck games paying , and advertise in great big letters on your casino’s marquee, “ALL BLACKJACKS PAY ”. FAQ: Softball Beer Busts: Poker Runs: Tribal State Gaming Compacts: Expand All | ; Horse; Aces; The bar cannot organize the game or financially participate, and players can only wager food and drinks. The bar's only involvement is to essentially keep the dice or games on-site for the players, and no cash should ever be exchanged.
Who will oversee online gambling in PA? A lottery is a plan which provides for the distribution of money, property or other reward or benefit to persons selected by chance from among participants some or all of whom have given a consideration for the chance of being selected. Grove also serves as a consultant to various stakeholders in the regulated market for online gambling in the United States. Qualifying organizations must be licensed by the Gambling Control Board prior to the gambling being conducted. Effect on the win per day per unit WPUPD of all twenty-one games The effect on all twenty-one games calculated hold percentage These numbers representative of the Las Vegas Strip are found in the Nevada Gaming Revenue Reports for the entire year of and several years prior to , going back to the year
What odds does this mean 5/2 or 6/5?
Advantages and disadvantages of Instituting the 6: The advantage from instituting 6: Some of the advantages are as follows: Although all game metrics point to 6: The first disadvantage situation is derived from the fact that the rule change is too strong a negative against the average players. Most rule changes in blackjack, such as hitting soft seventeen 0. Second, most players expect to get paid three to two when they receive a blackjack.
If they receive a 6: These disadvantages are as follows: Player that possess more than a basic game knowledge will stay away from the 6: Some casinos try to disguise the fact they are dealing 6: Player reactions ranging from simply coloring up and leaving the tables, to outbursts of obscenities.
Although a majority of the Las Vegas Strip casino players take the rule change in stride, it seems customers in outlying Las Vegas gaming saloons refuse to play the 6: Several non-Strip casinos, after a reasonable trial period, have removed their single deck games using 6: One casino executive from a Boulder Strip property that eliminated the 6: Table 1 indicates that a majority of the games in Las Vegas seem to thrive on the Las Vegas Strip where they cater primarily to tourists 6: It offers a limited number of 6: Is the 6 to 5 rule worth it?
What about the casinos that are offering 6: Is their rate of dollar return an indication that this rule variation is a good business decision? To answer these questions we need to look for gaming numbers in an attempt to either support or reject the statement that 6: Since most casinos are not forthcoming with their revenue information and rightly so , we need to examine results on a larger scale, primarily from a gaming area that supports a high number of 6: The prime location for this analysis with the greatest saturation of 6: As of this writing, the casinos located on the Strip provide the public with 6: To give us a good idea how valuable the 6: Effect on the win per day per unit WPUPD of all twenty-one games The effect on all twenty-one games calculated hold percentage These numbers representative of the Las Vegas Strip are found in the Nevada Gaming Revenue Reports for the entire year of and several years prior to , going back to the year First, it examines a period where 6: Second, the gambling destination of Las Vegas was subject to a horrific decrease in business due to the tragic events of September 11, Gaming revenue numbers were skewed for as well as The first analysis is achieved utilizing the computed figure twenty-one games average of win per unit per day for the year of as compared to the same number computed from numbers recorded in the year
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Page Content What is not a bet? A contract to insure, indemnify, guarantee or otherwise compensate another for a harm or loss sustained, even though the loss depends upon chance.
A contract for the purchase or sale at a future date of securities or other commodities. Offers of purses, prizes or premiums to the actual contestants in any bona fide contest for the determination of skill, speed, strength, endurance or quality, or to the bona fide owners of animals or other property entered in such a contest. The game of bingo when conducted in compliance with sections A private social bet not part of or incidental to organized, commercialized or systematic gambling.
The operation of equipment or the conduct of a raffle under sections Pari-mutuel betting on horse racing when the betting is conducted under chapter The purchase and sale of state lottery tickets under chapter A. The best way to make the distinction is to look at the intention of the law.
Minnesota law makes any "bet" illegal. A "bet" is defined as "a bargain whereby the parties mutually agree to a gain or loss by one to the other of specified money, property or benefit dependent upon chance, although the chance is accompanied by some element of skill. However, the criminal gambling statute creates an exception for "a private, social bet. Potentially, any gambling that occurs in a business establishment could constitute illegal gambling because the owner of the establishment derives the indirect benefit of increased patronage.
It appears that the law was intended to exclude from prosecution such events as penny-ante card games among friends in one's home, small spontaneous wagers between friends, and other spur-of-the-moment private transactions. Once those wagers occur on a regular basis at a business establishment, it is difficult to characterize them as "social bets," and the location of the event runs a substantial risk of violating the law.
Posted on October 21, by admin - No Comments Sitting down to gamble is a fun, sometimes even thrilling, hobby. So when you can do it from the comfort of your home, many online gambling enthusiasts agree that it makes the pastime twice as enjoyable.
The first online casino available for use in the U. Since then, online gambling has exploded, not only in the U. So, which regions are contributing the most to that pot? Here are the top ten gambling nations in the world as of January Spain The people in Spain certainly love to gamble. Norway The majority of online gambling is illegal in Norway. The government is very strict, and there are only two companies that can allow Norwegians to bet online.
A law was passed in forbidding customers to use their bank cards at any online casino in the world, which the banks enforce. Hong Kong You can only gamble online through the Jockey Club and even then you can only bet on one lottery, football games, and horse racing. The government takes taxes from all winners. Italy Ten years ago, regulations on gambling online were cut, and Italy is now the largest online gambling market in the world.
Legalized online gambling is available 24 hours a day, 7 days a week. Finland The government is all over Finland when it comes to online gambling, but not for the worst. Online gambling is national monopoly divided into three organizations, and all monies go to horse breeding and sports. Instead of trying to regulate online gambling more, the government is looking at ways that would strengthen the monopoly.
Canada Seventy-five percent of adult Canadians got into online gambling last year. The government views online gambling monies as good revenue for the country but does require good record keeping. Ireland Ireland only made this list because they do have a solid online gambling presence and their losses are the third highest in this list. Land-based gambling is preferred in Ireland. Average Irishman online gambler loss: Singapore Number two on the list is Singapore, as its government recently decided to limit internet gambling due to an extravagant of monies lost.