Casino Games And Mathematics. Part 1.

Can the knowledge of mathematics help a gambler to win?

One can often hear that the best piece of advice given by a mathematician to a lover of gambling games is an assertion which lies in the fact that the best strategy in gambling games is complete abstention from participation in them. A lot of mathematicians consider that the most which the theory of probability and the theory of games can give a gambler are the strategies following which he won’t lose too much.

It is difficult to predict whether the American mathematician Edward Thorp shared this view, when once spending winter holidays in Las-Vegas, he, having entered a casino, decided to try his luck in the game of twenty-one. As it turned out, Dame Fortune” was extremely unkind to him. We do not know for sure what amount of money this teacher of mathematics of one of American universities lost that winter night at the end of the 50-s the beginning of the 60-s of the last century, however, judging by the following events the amount was not small. Otherwise, how can we account for the fact that development of an optimal strategy of this game became for a number of years an idte fixe” of our hero. Besides, the matter was not only in the quantity of money lost by the mathematician. Perhaps, Thorp was simply an extremely venturesome person, and his pride both of a gambler and an expert-mathematician was hurt. Besides, he could suspect a croupier of dishonesty, since, as he had noticed, cards were not shuffled after each game. Though, during the game itself it did not make him very uneasy. However, afterwards, having visited casinos a number of times, he noticed that as the rules did not presuppose obligatory shuffling of cards after each game, so it was difficult to accuse a croupier of anything. Anyway, he managed to develop a winning strategy in the game of twenty-one.

This strategy among other things was based on the same very aspect which had put a defeated mathematician on his guard cards were not shuffled too often. At that, this, apparently, as a rule, was done not because of some evil design, but in order to avoid, so to say, unnecessary slowdowns in the game. The results of his studies Edward Thorp put forth in a book published in 1962 (Thorp E.O Beat the dealer. A winning strategy for the game of twenty one. – New York: Blaisdell,1962.) which made owners of gambling houses in the state of Nevada essentially change the rules of the game of twenty-one. But let’s not ride before the hounds.

In accordance with the game rules of twenty-one of that time one croupier dealt gamblers two cards each out of a thoroughly shuffled pack consisting of 52 cards. Gamblers themselves did not show their cards to a dealing croupier. At the same time out of two cards taken for himself an official of a casino showed one of them (usually the first one) to gamblers. Gamblers evaluate their cards according to the following scale. Jacks, queens and kings have a value equal to 10 points, an ace could be assigned either 1 point or 11 points, the value of the rest of the cards coincided with their numerical value (eights had 8 points, nines took 9, and etc). That gambler was considered a winner who had cards on hand with the sum of points closest to 21 from the bottom. At that, having assessed the received cards every gambler (including a croupier) had a right to take from a pack or putting it simpler, take a widow”, any amount of cards. However, if, as a result, the total number of points after a widow, will exceed 21 points then a gambler must drop out of a game having shown his cards.

Special rules were established with regard to stakes. Initially, upper and lower bounds were set, and every gambler had a right of choice of a specific stake (within these bounds) depending on the evaluation of his position. If, as a result, it turned out that in accordance with the game rules a casino’s visitor had a “better” number of points on hand than a croupier had, he received a gain in the amount of the stake that he had made, otherwise, this gambler lost his stake. In case of an equal number of points of a gambler and a croupier, the game ended in peace, that is the result of the game is considered harmless” both for a gambler and a casino.

Let’s point out that unlike ordinary gamblers a croupier is not obliged to open his cards in that case if the number of points in these cards exceeds 21. Moreover, after all the gamblers have opened their cards, and therefore, all the stakes go to a casino gamblers cannot practically find out what was the number of points of a croupier, in order to build their game strategy for the next game (whether to risk or not to stand pat, and etc). It goes without saying, it gives a croupier considerable advantages. Besides, all the gamblers are surely aware of this, and, … continue to play. Nothing can be done about it, who does not take risks, as is known, does not win.

Gaming Services: A Career In Gambling

It was a long time before gambling was legalized in the United States. It was not a one time legalization of all gambling games though but a very long process. The legalization process was also different and in various stages for each state. In the end, the government assessed more jobs for employment due to the legalization of gambling. Casino games such as poker, black jack, slot machines were said to be helpful in creating jobs across the United States.

Gaming or the play of various games of chance is reported to be a multi-billion industry that paved the way for the creation of a number of service professions. Gaming can include the usual casino gaming, state lotteries, horse racing, dog racing and even charitable games. The gaming industry created such an impact that it reached the status of an industry. How ironic that an industry that is supported by games of chance could sustain and provide stable jobs for the people.

Almost all workers that cater to the gaming industry are employed in the casinos. These workers have titles and responsibilities that could vary from one casino establishment to another but despite these differences in titles, all workers are basically doing the same thing. Workers could supervise, investigate and conduct surveillance while some of them will be assigned to work directly with the customers or casino players. These workers will perform various activities such as dealing cards or running games, tending the slot machines, handling money and writing or running tickets.

The Gaming Supervisor

The workers mentioned above will not be as organized as they should be without someone to oversee and supervise their day to day activities. This is the job of a gaming supervisor. A casino establishment can have more than one gaming supervisor. Gaming supervisors oversee the operations and workers assigned in a particular area of the casino. They circulate within the area, checking every table available and ensure the fluidity of the games even in the midst of shift changes.

Basically, the gaming supervisors are the workers who usually interact with guests in times of complaints or whenever guests have a hard time to understand the rules or limitations of a particular table game. These people are the ones who toy with ideas or various strategies on how to enliven the atmosphere for the guests while they are staying and playing in the casino. At the same time, they are ready for any inquiries or special requests that guests needs throughout their stay in the casino.

Other Occupations Available In The Gaming Industry

Some of the work occupations available in the gaming industry require a special level of skill. For example, black jack card dealers must be able to deal the cards smoothly and with precision, or else players might think that they are being cheated on the game. The skills indicated here are only useful and unique to casino gaming. Still, other occupations require skills that focus on being able to conduct financial transactions. All in all, these skills are mostly required by workers that are in contact with the guests and players. The workers mentioned above that deals cards or run table games, tends the slot machines, and handles money and tickets will need necessary skills helpful to their trades.

It is worth noting that workers are on shift rotation so each one will experience handling a specific work that will require a necessary skill. Casino establishment usually require their employees to undergo a specialized training that covers the whole casino gaming. In this training, attendees learn to cut a deck of cards smoothly, learn a few tricks with it and be able to deal it effectively along with other special skills.

There are slot key persons assigned in slot key machines that are responsible in overseeing its effective operation and supervising slot key workers. One job of the slot key person is to verify and handle the pay-off winnings of a lucky patron and reset the slot machine or refill its money contents. Another job is to make decisions regarding the repair of the slot machines.

A slot key person must be knowledgeable in different brands of slot machines. They must be able to detect a minor operational glitch in a slot machine and be capable of fixing it. In case of a major operational damage, the slot key person is also the person responsible to decide whether a slot machine needs to be removed from the floor for major repairs. Working in the floor as normal frontline personnel, the slot key persons are tasked to enforce the safety rules of the casino establishment and to report hazards to those concerned.

In operating games such as keno or bingo, there are gaming writers and runners that are tasked to take bets for the game and assist in its operation. These workers operates the device that issues random numbers, announce the numbers selected, pick-up and verify the tickets from the game patrons, calculate and distribute the game winnings.

The gaming dealers, on the other hand, are responsible for the card games such as poker, black jack, craps and roulette. The gaming dealers can be seen standing or sitting behind a table and facing the card game patrons. They will provide the dice and deal the cards to the patrons. During the card game, the gaming dealers will also monitor the patrons for any possible violation of the casino rules. In the card games, the gaming dealers must be highly skilled in their card games and are able to provide excellent customer service, especially in moments when a patron is losing most of his bet money.

The gaming dealers determine the winner of the card game, calculate and pay the winning bet while also collecting the bet money. It is a big advantage for a person that aspires to be a gaming dealer to be competent in at least two card games such as poker or black jack.

Wins And Losses Of Casino Gambling

Gambling is a form of entertainment that involves the extensive use of money as betting instruments. While it can be entertaining as well as enjoyable, indulging excessively in the game can be dangerous, especially when the money involved is already one’s lifetime savings after years of hard work. This is especially true when the form of gambling that one indulges in is that of casino gambling. Needless to say, casino gambling has some good and bad effects on a person.

In some countries, especially in those areas where Islam is the prevailing religion, casino gambling is strictly prohibited. Religious authorities in these countries generally frown upon this game of chance basically because of the perceived social costs that it inevitably brings.

However, in a number of countries, especially those which are highly-industrialized, casino gambling is a legal business venture, although certain regulations or limits are often set. This is because the game is a double-edged sword. It gives you the opportunity to double or even triple your money. At the same time, however, when you grab that opportunity, you unwittingly also give the game the chance to take away some,if not all, of your money.

The stakes easily become higher in the case of casino gambling. In this form of expensive entertainment, there are usually only two ways to go – either you get to double your money or you lose all of it. This is not just small money, the amount involved usually run in the thousands. Casinos operate on the basic premise that it allows you to have a crack at their money, but at the same time they get to have a shot at yours as well. Who gets to go home as the winner at the end of the game depends on how you will play the game which will have to include the amount of money that you will be willing to place on the betting floor.

This is not to say that casino gambling should be banned altogether. The game as well as its concept has been with us for decades. Perhaps the game has gone on even for centuries. Another thing, as a form of entertainment, it still has its own share of beneficial effects; relaxation being the prime consideration. The key to successfully playing the game is simply to handle it with the proper attitude.

Gambling to be an effective means of entertainment should be approached as simply a game and nothing more. Of course, the aim is to win if possible. But at the same time, a player should not totally discount the possibility that one could also lose. And losing means giving away only the amount of money that you can afford to lose. This is essentially a good strategy, especially when it comes to the issue of casino gambling, where the betting stakes are higher, in which case a planned betting method is recommended. This will include discipline, which basically means having the ability to control yourself, especially when losses start piling up and the winnings that were accumulated in the early games start dwindling because of your casino gambling.

Choosing The Right Casino In Albuquerque For Gambling

Today, there are a number of casinos that are in or near Albuquerque that gamblers can play at. With so many local choices, there is little need for gamblers to go to Las Vegas in order to get exciting gambling action. Because there are so many choices in the state of New Mexico for casino gambling, it is helpful for players to figure out which casino to patronize. Choosing the right casino can make playing a lot more fun. And it can make gambling more rewarding as well. That is why it is important to choose well when looking for the right casino in Albuquerque to play at.

First of all, the casino in Albuquerque should have the games that the player wants to play. For example, a video poker player will want to make sure that the casino has a good selection of video poker machines. Those who want to play with slot machines should choose a casino with many different choices. Table players will want to make sure that their favorite games are offered. Most casinos will offer blackjack, roulette, and poker at a minimum for table players. Many also offer craps for those who like that game.

Secondly, the casino in Albuquerque should have a decent player’s reward program. A good rewards program will make it more fun to gamble at a particular casino. Although a rewards program will help enhance a gambler’s return on playing, players should also concentrate on the fun aspects of the rewards program as well. Many programs offer free show tickets, free meals, and free tournaments in order to entice players to return. High rollers often great special treatment with most casino rewards programs. Being treated like a VIP can be a great way to enhance the experience of gambling at a casino. Of course, it is also important to evaluate the cash bonuses that are offered by the program as well. Some casinos will offer more generous cash bonuses than others.

Another important criteria when choosing a casino in Albuquerque is look at the returns of the games being played. Most gamblers know that the house has an advantage at most or all of the games. However, a gambler will have more enjoyment when the house edge is lower. On a slot machine, it is usually impossible to figure out what the return is. However, it is possible to calculate the house edge on games such as craps, blackjack, poker, roulette, and video poker by looking at the payouts. Going to a casino with better payouts means the gambler’s money will last longer. That means more enjoyment. And that also means a higher chance of hitting the royal flush jackpot for video poker players.

When choosing a casino, many people prefer to stay at the casino’s hotel. That makes it easy to access the gaming over multiple days. Many gamblers prefer to stay at hotels that have higher quality rooms such as suites. In many cases, the casino’s reward program may offer free rooms to frequent gamblers and high rollers. It would be better to choose a casino with nicer hotel rooms if the casino is giving away free rooms. Other hotel amenities such as a spa and restaurant options may be important to some gamblers as well. Many gamblers find that they need a break from the gaming from time to time. Choosing a hotel casino with extra amenities can be well worth it.

There is a lot to think about when gamblers are choosing a casino to play at. If gamblers concentrate their play at a single casino, they can often get better rewards from the casino’s frequent gambler program. That is why it is beneficial to choose a single best casino at the beginning. And the best part is that there are a lot of great casino choices that are in or near the Albuquerque area.

Gambling Dependancy Data, Signs, And Tales

I didn’t want to shed her. The option appeared to be straightforward at the time. What I had not foreseen was that my addictive character would merely specific itself in other techniques.

I went into home growth. I acquired two previous cottages, did them up and offered them for a earnings. Then I purchased two much more and was similarly profitable. Then I purchased a farm and it was an absolute disaster. I had completed properly when property rates were heading up but I came crashing down when the unavoidable economic downturn followed.

My financial institution manager experienced mentioned that I appeared to have expertise in this location. Of system I did. Everyone does when values are rising. The skilled experts acquire at the base of the market place and then sell at the best. They see it all as a business, not as a enthusiasm.

I was cleaned out. I was left owing a lot more than our overall assets.

I was lucky to have my professional cash flow so I progressively clawed my way again to solvency.

So, as house values improved once more, I re-mortgaged our house and my workplace and built a rehab.

In the very first yr we dropped our whole economic property but, as property rates had risen yet again, I was ready to re-mortgage loan yet again and continue to be afloat.

That proven the sample for the next 20 two a long time. Every time we made a decline, I re-mortgaged. The home that I had acquired for ??4,600 at some point had a home loan of ??650,000. The rehab expanded and we created offshoots.

Sooner or later I experienced paper property of a lot of tens of millions and I had a single hundred and twenty employees.

In my personal lifestyle I was often quite abstemious. I bought second hand Volvos. I seldom took vacations. I purchased books instead than abundant men’s toys that would decrease in price.

But I risked as well much and dependable way too considerably and that introduced me down. Compulsive gamblers tend to give up their dependancy only when they have nothing at all remaining to shed. That is exactly what took place to me. A whole lot of individuals with a gambling issues know that they have a difficulty and really feel guilty about it. It is since of this that they come to feel the require to lie about their whereabouts to family members and friends. They may also lie about the sum that they gamble.

Alienation from household and friends is a large sign that their gambling difficulty has developed into a complete-blown gambling habit. As soon as somebody begins carrying out this,you know that gambling is consuming their life. If it receives to this level, they are in risk of destroying their lives and the life of those about them. A person at this amount need to definitely seek out gambling addiction counseling.

Gambling Tales

Many folks out there conclude up completely destroying their lives by falling sufferer to this dependancy. A good deal of instances they locate on their own in denial and when they don’t have the money and aren’t capable to get them, to assistance their routine, they change to severe actions, such as lying and thievery.