Tag: Gambling

In Post-Shutdown US, Will A Bigger Value Be Placed On Legal Online Gambling?

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In May 2018, the US Supreme Court repealed the Professional and Amateur Sports Protection Act, opening the door for state-sanctioned legal sports betting.

That was just two years ago, but doesn’t it feel like much longer? It feels as if legalized wagering (outside Nevada) has existed as long as the traditional casino.

There’s no doubt that perceived longevity stems from the country embracing and expanding sports betting with such vigor that it seems as if decades of industry growth has been crammed into a brief window.

Indeed, legalized sports betting in America has grown rapidly over the past two years, particularly online. Without question, it will follow the same trend over the next two years. And the acceptance of online gaming — sports betting, casino and poker — will help states capitalize even more.

Sports betting has had rapid-fire expansion in US

Less than a month after SCOTUS repealed PASPA, Delaware became the first state to accept a legal wager outside Nevada. New Jersey followed soon after and quickly became a power player that now keeps see-sawing back and forth with Nevada for the most lucrative sports betting state.

Its operator-friendliness fueled the fire, and the state’s readiness to allow online gaming resulted in some 84% of $4.6 billion in legal wagers placed over the internet in 2019. Not to be outdone, online casinos and poker have perked up in 2020, as the two verticals have combined for nearly $210 million this year.

Since the PASPA repeal, 18 states and Washington, D.C., have gone live with legalized wagering with 13 of them featuring some variation of online betting. They have combined for more than $20 billion in handle since May 2018, a total that expects to grow exponentially in the near future.

More states appear ready to offer legalized sports betting

Four other states have enacted wagering legislation and await launch. And 16 states have active legislation, a total that seemingly continues to increase with each passing day.

All told, all but 12 states in the country are at least exploring regulated betting.

In late 2019, expansion began out west. Since that time, Oregon and Montana joined Nevada as states with legal sports betting. After Washington passed legislation to do the same, Colorado launched online wagering in May 2020. Then, a big domino fell, as California introduced a bill that, theoretically, would appeal to cardrooms and tribal casinos — though the jury is still out on how successful that compromise will become.

Back east, activity abounded as Virginia and Tennessee targeted summer launches for their respective sports betting industries while Louisiana and Ohio pushed legislation forward.

This all came after Michigan and Illinois introduced retail wagering and as the nation’s capital debuted its mobile platform.

Even before summer officially starts, the nation is abuzz with legalizing wagering, many of which are including the online aspect.

That vertical holds significance, and it is one that states still considering legalization or that already have operational industries need to consider implementing.

Pandemic sheds light on value of online gambling

Without question, the coronavirus pandemic has sent shockwaves around the world. It has hit both the US retail and online gambling industry hard.

Across the US, hundreds of properties were forced to shutter for the better part of two months. Only recently have they begun to reopen. Major sports leagues and organizers elected to suspend and cancel seasons and events, such as the NCAA tournament, the Masters and the Kentucky Derby.

The pandemic caused an experience no one wanted, but one that added more proof to the value of legalized online gambling.

Land-based casinos take a big hit

Consider Michigan and Illinois, two states that unfortunately went live with legalized retail sports betting just before the coronavirus pandemic — and two states that legalized but have yet to launch online platforms.

The Michigan Gaming Control Board announced revenue numbers for the first four months of 2020, and they were not pretty: reflecting a 39.2% drop compared with the same timeframe of 2019. Similarly, the state pocketed $24.2 million in taxes from its three commercial casinos — nearly $16 million less than the first four months of last year.

Land-based casinos that were closed hurt Michigan. And the same went for Illinois, where the state’s Casino Gaming Association estimated that casinos lost $100 million during the shutdown since mid-March.

Certainly, states in similar situations felt the same blow.

Online gambling shoulders the load elsewhere

While online sports betting provided just a drop in the bucket compared with previous months, what with sports being sidelined, other verticals have picked up the slack.

Only three states offer legalized online casinos and four have online poker. Those areas have seen massive spikes in recent weeks.

In April, New Jersey watched as monthly online sports betting revenue dropped nearly 90% year over year. Again, a byproduct of few sports on which to wager.

The state’s online casinos, though, saw their numbers skyrocket. In March, for example, New Jersey operators collected a whopping $64.8 million to set a state record. Online poker also peaked, coming in at $5.1 million in April. Nearby Pennsylvania experienced a similar trend.

Sports betting handle in the Keystone State plummeted 65% from March to April. And while land-based casino revenue dropped 51% from February to March, online operators combined for a state-record $43.1 million in April. Of note, online poker drew $5.3 million to set a US record for single-month revenue — beating New Jersey’s April total.

Of course, these totals will not make up for the massive losses properties have taken in recent months, but obviously they ease the blow.

Experts weigh in on the need for online gambling expansion

For years, stakeholders and some lawmakers have advocated for online expansion. The common argument against this move has long been the fear of cannibalizing land-based casinos; the fear that a mobile product would prevent potential customers from visiting brick-and-mortars.

Really, though, digital platforms will create more footfall.

“If you produce a good online experience, they’re going to be much more associated to your brand … than if not,” Max Meltzer, COO of Kambi, said during a recent teleconference. “I just think there’s more of an educational piece, and I think COVID’s done a bit more of a kick-start to that.”

Yaniv Sherman, head of commercial development for the online gambling company 888 Holdings, told the Associated Press that the coronavirus pandemic “has highlighted the need for revenue diversification. “The future is around online growth, and it’s right now, not in 5 or 10 years. We hope to get additional states on board.”

Matt King, CEO of FanDuel, agreed with that sentiment and even went further with it.

“When legislatures return in earnest, we firmly believe the number of states ready to consider accelerating mobile sports betting and online gaming legislation to drive tax revenue will expand substantially,” King told ESPN. “And we also see the industry recognizing this is a unique moment in time, and working more collaboratively to set aside minor differences and get bills across the finish line. Across the board, it’s a time for pragmatism, and we see that producing a real opportunity for significantly expanding the map.”

More states could consider expanding online

Over the next two years, online expansion will accelerate, as estimated by Chris Krafcik, a managing director with Eilers & Krejcik Gaming. “Both activities provide states, whose economies have been massively disrupted by the outbreak, the opportunity to capture new revenue immediately in the form of upfront license fees, and over time through taxes.”

While sports betting and other forms of online gambling reflect a minute percentage of most states’ budgets, that small portion — as well as other forms of online gambling — is much preferred to nothing.

The perception of online gambling has shifted, assured Meltzer during a recent teleconference. The “real trailblazers” have shown an understanding that moving online will generate more revenue and even attract more foot traffic at land-based casinos.

“I think people should be grasping onto the fact that, either way, however you want to run it, there’s a huge opportunity to generate revenues,” Meltzer said. “If I was having a strong coffee with someone … I’d certainly recommend to consider the revenues, just to consider what it can do in terms of retaining staff and growing an environment to attract more customers into your casino. That’s regardless of size. Regardless of size, there’s a model out there that can work for you. That’s my strong belief.”

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When Gambling Hot Spots Reopen Casinos, How Will Things Look Different?

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It’s been a hellish two months for the land-based gaming industry following wide-spread casino closures due to the coronavirus pandemic.

Though online casinos seem to be picking up some of the slack, people are out of work, state and local economies are holding on by their fingertips, and people are left wondering when and if things will ever return to normal.

In states like Nevada, where the gambling and entertainment industry are pillars of economic security and held together by travel, the situation is a bit more complex. The numbers speak for themselves: 219 casinos closed and over 206,000 gaming workers jobless.

Other areas of the US, where the gambling industry also provides necessary capital needed to fund state budgets, are also searching for answers. Lawmakers, health officials, and gaming executives are scrambling to figure out how and when doors can reopen safely.

As consumers of entertainment, and those employed by it, we must trust that our questions will be answered. When will Vegas casino doors open? Will all casinos around the country have similar guidelines? These types of specifics are still being sorted out across the US but a picture is beginning to take shape as to when and how things might look.

When will Las Vegas casinos reopen?

Many properties including some on the Las Vegas strip are considering Memorial Day as a (very) tentative reopening date. MGM Resorts International said it plans to reopen in early June. However, nothing is set in stone, given the approval process.

First, each property must create a plan to ensure safety for customers and employees. Casinos must implement new guidelines adopted by the Nevada Gaming Commission into their plans, which among them include half the occupancy and frequent cleaning of surfaces and gaming devices.

Joe Bertolone, executive director of the UNLV International Center for Gaming Regulation, expect Las Vegas to open at a slower pace than other gaming markets.

“Clearly, the association with air travel in Las Vegas and other integrated resort markets like Singapore and Macau that have transportation as a key component to their gaming offerings, they are just going to open more slowly than other markets,” Bertolone said in an interview.

Caesars Entertainment Chief Executive Officer Tony Rodio echoed this statement during the companies quarterly earnings call.

“I think we’re all in agreement that we think regional markets are going to bounce back quicker because of the lack of needing to fly,” Rodio said. “When the governor in Las Vegas announced the move toward Phase 1 and the Raiders schedule came out, we actually had a pretty significant bump in reservations booked for the fourth quarter of this year.”

Right now there is no exact date or time when Las Vegas casinos will reopen.

Nevada operating and safety protocols

The Nevada Gaming Control Board (NGCB) released both operating guidelines and health and safety policies that casino properties must follow prior to reopening. The policy memorandum specifically states a “plan must be submitted at least seven days before reopening occurs or as soon as reasonably possible thereafter.”

A few of the operational policies include:

  • A schedule for the replenishment of funds, including cash, chips, and tokens in all areas of casino accountability.
  • Licensees must take measures to pay receipts and wagers that may have expired during temporary closures.
  • Club venues will be allowed to reopen in compliance with any directive issued by the Governor’s office.
  • Licensees must comply with all prescribed local, state, and federal COVID-19 health requirements.

A complete list of all operating guidelines can be viewed here.

NV Governor Steve Sisolak issued policies and procedures to notify gaming operators of new operational requirements to “mitigate and reduce risk of exposure to COVID-19 for all employees, patrons, and other guests.” According to the release, these constitute the “minimum” requirements that should be followed and does not stop operators from implementing their own additional requirements.

Here are a few, but not all, of the new safety and health policies:

  • Occupancy will be limited to no more than 50% in each gaming area.
  • All reopening plans must include how disinfectant wipes and hand sanitizer will be available to everyone.
  • Floor plans for slot machines must meet social distancing requirements.
  • Table games maximums: only three players per blackjack table, six players per craps table, four players per roulette table, and four players per poker table.
  • Extensive cleaning of all items including, dice, chairs, chips, and numerous other items when a new player or employee comes in contact with any item.

A complete list of all health and safety guidelines can be viewed here.

Bertolone said one of the important takeaways from the new guidelines is their ability to change.

“The thing that stands out the most is the recognition by regulators that this is a dynamic and fluid situation. While today there might be these standards, tomorrow they may change. Regulators are putting plans in place that allow for change,” he said.

Health and safety protocols are determined by local and state health officials, not the gaming board.

A new look at the casino experience

All of these new rules — which will likely become universal, give or take — bring us to how the whole casino experience will initially change for gamblers. At least, in the beginning, gone will be the dozen people hovering around a craps table rooting for someone on a hot streak. No longer will there be 10-12 high rollers sitting at a poker table stacking chips to look like city skylines. There won’t be groups of friends playing slot machines side by side or lines forming to enter new night clubs and eateries.

Based on the guidelines released by the NGCB, noise levels will be reduced by the lack of customers, spacing will be mandatory, and sanitation best practices will be heavily enforced.

George Rover, managing partner at Princeton Global Strategies and former deputy director of the New Jersey Division of Gaming Enforcement, anticipates similar policies around the US.

“All properties must comply with whatever executive order is handed down by their governor,” Rover said in an interview. “I can see maybe two out of every three slot machines closed or only three people at a blackjack table.”

Many of the policies in states like Nevada and Louisiana have mirrored Rover’s assessment. Expanding upon his comments, Rover said one thing that may cause a hold up in properties reopening is physical space.

“Some will be limited by their physical architecture,” he said. “They are all on equal footing but depending on their layout, some may be on better positioned when it comes to adopting what the executive order requires.”

Regional regulators weigh in

Experts may be focused on Las Vegas, but when reopening casinos begins, it will begin in the South. As first reported by Bloomberg, Louisiana casinos are set to begin reopening May 18, subject to approval by state-police.

“It will be a slow start and a conservative approach,” said Ronnie Jones, chairman of the Louisiana Gaming Control Board (LGCB). “I think what will be proposed here will mirror Nevada and is pretty much what was proposed in Mississippi.”

According to plans released by LA Gov. John Bel Edwards, which can be viewed here, guidelines in Louisiana do in fact mirror some of the policies implemented in Nevada with a few exceptions.

Some but not all of the LA guidelines include:

  • Gaming positions will be reduced to 25%
  • Casino capacity will be reduced to 25%
  • Customers will be offered masks and be encouraged to wear them on the gaming floor
  • Temperatures will be taken by gaming employees

Fielding a workforce

Another potential issue is rallying employees to come back to work. According to a first-hand account written by Jones in Fantini’s Public Policy Review, he notes how severe Louisiana was hit by the pandemic.

“On a per capita population basis, Louisiana ranks 3rd behind New York and New Jersey in the number of infections and the number of deaths. In fact, one parish actually has the highest per capita death rate in the country, even higher than New York. Of the 25 counties throughout the country with the highest per capita death rate, ten are Louisiana parishes.”

In an interview, Jones said he continues to speak with general managers throughout the crisis and some a fearful even if they wanted to get to 100 percent, they don’t think they could.

“I’ve been speaking with general managers and a few are nervous their employees won’t be coming back to work,” he said. “They are either concerned for their own health or they are getting more from unemployment.”

Expected outlook on the casino industry

As with the reopening of any industry, policies and procedures will change. But according to Bertolone, “it’s too early to tell what will be the new norm.”

“Consumers are smart. Gambling is a very practical industry and without safety, the industry won’t recover,” he said. “The basic feelings of safety and cleanliness will be revisited whether you own a casino or a restaurant.”

Rodio said the company continues to work closely with regulators, and government and tribal officials to ensure operations upon reopening follow their directives.

“We will ensure that our operations are in compliance with applicable government directives and tribal mandates,” Rodio said. “While we don’t know the duration or the severity of the economic downturn — we recognize that recovery will take time.”

For now, the best the gambling industry or any industry affected by the pandemic can do is wait. In the grand scheme of things, two months is better than two years.

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New Jersey, Pennsylvania Online Gambling Revenue See Big Uptick In March

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This was supposed to be a landmark time of the year.

Two of the biggest and flourishing legal sports betting industries were supposed to be reaping the rewards of one of the sporting year’s busiest times: March MadnessMLB, the Masters, and postseason pushes for the NBA and NHL.

What an incredible month — certainly one that would produce record-breaking sports betting handle and revenue numbers for both New Jersey and Pennsylvania.

Yet we were left wanting. The coronavirus pandemic shut it all down. All that’s left is what could have been.

That said, online gambling did not completely suffer. Rather, both online casinos and online poker saw an uptick. And last month, industries in both New Jersey and Pennsylvania seemingly compensated for a lack of sports.

New Jersey online gambling flourishes

Believe it or not, online gambling has been a mainstay in New Jersey for going on seven years. No month, however, has ever been as prosperous as March 2020.

Online casinos and poker operators reported a jaw-dropping $64.8 million in revenue. How big is that? Well, it sits nearly $13 million more than the previous month, for starters. More important, though, that total is the industry’s first month exceeding $60 million. And it’s actually nearly $10 million more than the state’s previous best monthly report.

If those feats aren’t enough, March 2020 numbers reflect an astonishing 65.6% increase year over year.

The kicker, though, lies with online poker. Entering March, this sector had not eclipsed $2 million in monthly revenue since August 2017. It hadn’t seen more than $3 million since October 2016. In January 2014, the state enjoyed its best poker month with $3.4 million in revenue.

You see where this is going: In March 2020, New Jersey online poker posted a whopping $3.6 million in revenue. Month over month, that’s a 101% spike.

All told, all but one online casino in the state reported record-setting revenue figures in March.

Certainly, these online platforms benefited from stay-at-home orders. Gov. Phil Murphy ordered the closure of Atlantic City casinos midway through the month. And when leagues began suspending and canceling events, online casinos and poker filled the void.

PA online gambling shows a similar trend

New Jersey was not alone in rewriting the history books.

Neighboring Pennsylvania was coming off a record-setting February. As the Keystone State nears the anniversary of its first online casinos, the industry put up yet another historic month.

Already trending upward, what with revenues up over 31% month to month since December, operators in March reported some $24.3 million in online revenue, marking a 24.5% increase from February. That total breaks down to a $12.4 million/$8.8 million/$3.1 million slash line for online slots/table games/poker.

It’s not just the revenue that stands out, but also the action. Consider players in Pennsylvania accounted for $871.6 million in total wagers, up nearly $170 million from the previous month. Staggering.

Like in New Jersey, the uptick in Pennsylvania can assuredly be attributed to mass shutdowns. With casinos closing down amid the coronavirus pandemic, overall gambling revenue in Pennsylvania actually dropped by 51%.

Takeaways from NJ, PA online gambling reports

Leagues and organizers suspending and canceling events sent a shockwave across not only the country but the world. What were fans and bettors to do?

From jump street, operators who integrated online casinos with online sportsbooks or vice versa made sure to cross-promote. The two industries appeal to different demographics. Get your slot players to notice the NFL lines, for example, or market table games to the everyday sports bettor.

March 2020 emerges as the most significant example of such strategies paying off.

What’s more, online gambling in New Jersey and Pennsylvania could open the eyes of lawmakers in other states. After all, those states could certainly use revenue from somewhere, right?



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Responsible Gambling Measures Set Now Could Benefit Post-Pandemic Industry

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The shutdown of most sporting events due to COVID-19 presents problems and possibilities for the nascent legal gaming industry in the US.

Most importantly, whether responsible gambling initiatives will take root or set back measurably during this critical time.

So what makes this a potentially dangerous period? Bettors venturing into markets to wager on sports they’ve never seen and can’t even watch on television. Online casino gamblers with newfound free time because of sheltering orders or unemployment. Some unscrupulous operators picking at the edges of unethical business practices. That’s all according to Amani Toomer, a former New York Giants wide receiver and member of the GVC Holdings Global Foundation, which is tasked with addressing such issues as problem gambling.

“I just imagine people at home, with lots of free time, and sometimes people let things get out of hand,” Toomer told PlayUSA.com. “I think that could be a problem because people have more time to waste and it’s more exposure to a person who is prone to these types of illnesses. It just can really snowball because it just opens people up to more opportunities to fall into a trap.

“We feel like there’s a good opportunity to have people become aware of it and want to get help out there for people with all this extra time or find themselves getting in a hole that they don’t want to and we don’t want them into, just getting to a point where it’s just not productive and not entertainment anymore. We want it to remain entertainment.”

Toomer says problem gamblers, including those who may not realize or admit a problem could soon fall into peril if they “think irrationally that they could make up their extra income by gambling online and start gambling in patterns that are irregular to them.” Many people now have copious amounts of unoccupied time either because of sheltering orders or because they’re among the more than 17 million laid off in the United States in the current economic morass.

Exotic options problematic for bettors and books?

Sportsbooks themselves are hammered by the economic fallout. Global power GVC Holdings estimated COVID-connected losses could total 150 million pounds by July. The American Gaming Association (AGA) estimates that around 625,000 casino and resort employees have lost jobs.

Sportsbooks have turned to the unusual and scant few options to attempt to maintain some semblance of volume until mainstream sports return. That’s meant Russian table tennis, Nicaraguan soccer, sumo wrestling and esports so far.

Whereas many bettors have probably played ping-ping, bet on an English Premier League game or humored a few minutes of Sumo wrestling highlights at some point in their lives, they’re not as versed in these sports as the NFL, NBA or college football in terms of what they know and how they could be reasonably assumed to wager astutely.

“People like to bet what they know,” observed William Hill trading director Nick Bogdanovich.

They don’t know Russian ping pong, and this, Toomer said, creates more concern.

“If you find yourself betting on stuff you know nothing about, you’re gambling on Russian table tennis, you might want to think about the relationship you have with responsible gambling,” he said, “because it’s just one of those things where you find yourself doing things that you ordinarily wouldn’t do, not because of boredom, but out of because of a need to fill a hole in something that should be entertaining, should be fun.

“And it becomes more than that when you are looking outside of your normal comfort zone, or trying just to get that fix. The problem gambling becomes bigger than everything else. And that’s kind of one of the definitions of a problem, is when you start taking chances that are detrimental to your lifestyle and your life.”

GVC Foundation hopes to advance responsibility now

GVC Holdings, which owns Ladbrokes Coral Group in the United Kingdom and in 2019 formed Roar Digital with MGM Resorts in the U.S., launched a global foundation in September.

They began to address multiple issues pressing the gaming industry and drilled down specifically on responsible gambling in October by forming a group in conjunction with the National Council on Problem Gambling. Toomer, Martin Lycka, director of regulatory affairs at GVC Holdings, and William J. Pascrell, III, partner at Princeton Public Affairs Group were named trustees.

While the COVID-19 pandemic has hammered the gaming industry, there is something to be made of the grinding halt, Lycka said. And, he added, this period underscores the industry’s need to engender responsibility in its customers.

GVC has burnished its pre-existing “Markers of Harm” problem gambling-evaluation with two additional elements specifically germaine to the COVID-19 situation and increased communications with customers, Lycka told PlayUSA.

The “Markers of Harm,” Lycka explained, are a collection of data points GVC or any other company could use to identify potential reckless behavior. This includes the frequency of a customer’s play, whether they tend to play after midnight, have a strong tendency to play on payday or chase losses.

“All these triggers give us a very, very good overview of behavior patterns of individual customers and based on those triggers, we take action in relation to the individual account,” Lycka told PlayUSA. “But the practical upshot is that if a customer triggers out of those nine, let’s say two off those alert mechanisms, then somebody in GVC’s responsible gambling or customer services team picks up a phone to the customer and checks on the customer to find out that everything’s all right. There could be a perfectly logical explanation for the change in the customer behavior. They could be shift workers and these people may for legitimate reasons bet after midnight, for example, or if it turns out that a customer has started spending more money on our sites, the customer might have had a pay rise, for example. So that would be an example of a perfect legitimate explanation of perfectly legitimate reasons for the change in customer behavior.”

A slow but steady improvement in responsible gambling

Lycka acknowledged that the American market is “getting there” in terms of responsible gambling measures, but remains not as “sophisticated” as its more mature and expansive European counterpart.

Sports betting is currently legal in 23 American states or jurisdictions and underway in 18 (nine with full mobile), bringing market share and tax revenue away from unlicensed offshore operators. This is also a facet of the problem and solution, Lycka said.

“US regulation has not necessarily captured the most recent responsible gambling trends just yet. Don’t get me wrong, I’m not not trying to blame anyone,” he said. “I believe that to some extent it actually makes sense because the market is potentially not yet sophisticated enough for all those tools. So definitely the focus needs to be on channeling the previously unlicensed offer into the regulated market. And of course that needs to go hand-in-hand with consumer protection that can be progressively ramped up.

“I believe that the US industry is on the right track, but it will still need some time to get there. I don’t mean to sound cynical, but perhaps the current crisis provides the US with an opportunity to step up its efforts in that regard as well, all linked to … people being isolated at home and potentially being tempted to play online.”

The industry must also do better, Lycka said, in policing the handful of operators who sought to exploit the crisis in its early stages.

“There has been some exploitation of the current crisis for greedy revenue purposes by some operators,” Lycka said. “They are usually much smaller operators whom I would call rotten apples in our little industry barrel that would simply choose to not have any responsible gambling tools.”

Measures taken now can later benefit the industry and gamblers

Eventually this will be over. It will not happen instantly, but at some point, the 989 casinos now closed nationally (according to the AGA) will reopen and customers will be allowed to return.

Some may be reticent, as they would be with a restaurant or movie theater. Some will toe-tap at the front door awaiting the deadbolt to be clicked open. Whether their state had a legal online option for their casino, poker or sports betting tastes will likely factor into their response.

Like GeoComply CEO David Briggs, Lycka thinks mobile gambling can be a responsible gambling tool because it allows for better monitoring of player habits, specifically destructive ones.

“I also see it as an opportunity from the responsible gambling best practice standpoint. And, hopefully that’s also a part,” he said. “I believe it may help the potential floodgate issue that we could have at the end of the crisis. In a state that has not yet regulated online, punters who would normally go to a casino but now are confined to their home, they would have an opportunity to open an online account, which would also mean that they would get access to do additional information about how to gamble in a responsible way.

“They would familiarize themselves with [responsible gambling] tools and perhaps when they’re back in the casino, I would think, perhaps naively, when they come back to their favorite slot machines, they might be thinking, ‘All right, I can limit myself online. So how about I try to self-impose those restrictions when playing in a casino?’”

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Diverse Gambling Offerings Make DraftKings, FanDuel Built To Last

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The physical gambling world represents something of a nationwide ghost town: brick-and-mortar casinos shuttered, retail sportsbooks void of traffic, a general eeriness permeating the gaming world.

Online, however, another story unfolds: Business is carrying on, mostly for online casinos. And while established brands — such as Golden Nugget and Borgata in New Jersey — have flourished, newcomers have thrived.

That includes DraftKings and FanDuel, two companies that were solely dedicated to daily fantasy sports just a few years ago. Now, both are also legal sports betting powers and rising online casino operators. The two have seemingly been built to last and to sustain any situation.

“When you have multiple verticals like we do, it’s a big advantage,” said Johnny Avello, director of DraftKings Sportsbook. “We do have retail (sportsbook) locations, in New York and Mississippi and New Jersey and we were just about to open up one in New Hampshire and Colorado shortly.

“But we are an online company. That makes us a little different than a lot of others. We do have the casino, which is actually doing fantastic. I must say there’s been a shift from sportsbook to casino. … It’s nice to know that when one’s not doing so well, another area can pick up the slack.”

Online casinos pick up in popularity

The online casino industry — even online poker — has become more popular of late as regulated wagering has been sidelined due to the coronavirus pandemic.

Many still want gambling opportunities and the likes of DraftKings and FanDuel have obliged.

Near the end of March, DraftKings saw an 8% spike in iGaming bets over a week. From March 10 on, DraftKings Casino enjoyed a 34% increase in active players.

It only makes sense for any business to have some sort of backup plan in its arsenal. Just in case some relatively unexpected situation arises, said business can push forward, following that new track.

Yet as everyone will tell you, including Avello, nobody could have predicted the coronavirus pandemic.

“You could have contingency plans and lay them out in case ‘X’ happens,” Avello said. “But nobody expected ‘Z’ to happen. When you lose (all the sports), all pertinent content that you offer and that everybody’s used to, especially surrounding some of the bigger events that were coming up … you lose all of that and you have to scramble what you’re going to offer your patrons.”

FanDuel, DraftKings catering to online casino customers

FanDuel Group, which runs FanDuel Sportsbook as well as online platforms Betfair Casino in New Jersey and FanDuel Casino in Pennsylvania, noted how it — like every other sports fan — looks forward to the return of sports.

In the meantime, FanDuel said, “we remain as committed as ever to giving our fans more ways to win. We’ve seen a jump in new casino players in NJ and PA as casino games become some of the most appealing content within our sportsbook app.”

In part, that spike in casino participation stems from brand familiarity and loyalty. Bettors who have no sports turn to other FanDuel offerings, for example.

However, FanDuel continues its quest to offer a wide range of products to best accommodate as many people as possible. In essence, like its counterpart DraftKings as well as other online gaming operators, FanDuel is built to last.

“We’re always looking to build on our offering and provide the best possible experience to FanDuel/Betfair players. We’re evaluating lots of different options for how to enhance the FanDuel Casino experience in PA. Since we launched with a limited set of games in PA, we were already working on adding more games and given the recent activity/interest in casino, we’ve accelerated that effort and plan to have new games in market in the very near future.”

Not about revenue for some operators

Not all sports are lost. Avello, for example, pointed to Pennsylvania and West Virginia, where DraftKings offers markets surrounding Taiwan’s Super Basketball League.

Books have also listed lower-tier soccer, darts cricket. Table tennis has become quite popular, even. Some sportsbooks have expanded into esports betting, which included wagering on the likes of Counter-Strike ESL Pro League.

Sports betting, though, appeals to only a fraction of the public. Cross-selling with DFS and online casinos allow DraftKings and FanDuel to reach other demographics. Once again, both are seemingly built to last.

“Being around sports as long as I have, being in the casino industry for over 40 years, being in the sportsbook arena for 35, I know that sports is something that people lean to, migrate to, especially when things aren’t going well. It’s nice just to be able to watch it and get your mind off of things. So I’m glad that we can still offer things for people to do that.

“It’s not about the revenue right now for us. We just want to make sure those people are safe and staying on board with us, knowing that we’re there to support them. We’re all in a tough time right now, but you don’t just drop the ball. You keep plugging forward.”

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Gambling Professionals In Nevada Can File For State Unemployment

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The coronavirus pandemic continues to spread across the country. Every industry is affected by business closures and there are record numbers of people being furloughed or laid off. Due to these times, even professional gamblers in Nevada are now allowed to file for unemployment.

From Las Vegas to Reno and everywhere in between there are more than 200 casinos in the state of Nevada that will remain closed until April 30 or later to help contain the spread of COVID-19. The 206,000 casino employees aren’t the only people feeling the effect of the closures.

Professional gamblers are feeling the pinch as well. Poker players don’t have a venue to make a living. Sports bettors only have four sports betting apps with limited wagering options available. Blackjack and other advantage gamblers don’t have casinos in Nevada and around the country to use their skills.

Unemployment for Nevada gamblers

Gambling isn’t a traditional job but it’s a way for some Nevada residents to make a living. Normally professional gamblers wouldn’t be able to file for unemployment — but these aren’t normal times. According to the Las Vegas Review-Journal, professional gamblers may qualify as independent contractors or self-employed under the CARES Act for the time being.

Professional poker player Chris Konvalinka tells the newspaper “I’m going to give it a shot.” In true poker player lingo, he went on to say that “It seems like a freeroll to me. Worst case, they say no.”

Anecdotally, only about 1% of all gamblers consider themselves professionals. An even smaller portion of those gamblers are full-time professionals. A portion of professional gamblers keep a regular day job while using their gambling skills part-time.

Many full-time professional gamblers are truly self-employed and report income and file taxes just like many freelancers who work for themselves. As Konvalinka said, this is a freeroll to make up for revenue lost while the casinos are closed and sports betting options are limited.

Gambling in Nevada during the quarantine

Gambling options for professional and recreational gamblers in Nevada during the quarantine are limited. Governor Steve Sisolak has ordered all casinos and non-essential businesses to close until at least April 30. Additionally, all gaming machines have been turned off. This means that not even slot machines inside essential businesses like supermarkets are available.

There’s only one gambling option for table game players. World Series of Poker‘s web site is open for poker players throughout the Silver State. The games at WSOP include a pool of players beyond Nevada. The website allows players from New Jersey, Delaware, and, of course, Nevada.

Most professional sports leagues remain closed so the options for sports bettors are very limited. Placing wagers on future events is always popular but not everyone wants to tie their money up for months in something that may or may not take place.

There are still a few sports to wager on such as esports, table tennis, UFC, and small division international soccer, hockey, and basketball. Some sportsbook operators even offer in-play wagering for select events.

Sports bettors in Nevada still have access to a few sportsbooks that are active because of their mobile sports wagering apps:

  • BetMGM
  • Caesars
  • Circa Sports
  • William Hill

Only players with an existing account can wager. Three of the four apps accept mobile deposits for anyone looking to wager on current and future events. Circa Sports is the only Nevada sports wagering app that doesn’t accept deposits outside of the casino.

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5 Positive Gambling News Stories To Read Right Now

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Amongst the backdrop of a global pandemic and the uncertainty currently plaguing the casino industry, there are a few bright spots to be had. Yes, a majority of casino properties across the US have shut down for a minimum of two weeks, all professional and collegiate sports are on hiatus, and social distancing is begin fed to the masses.

But you have read enough of that. To break up the bad headlines, here are some slivers of good news to enjoy:

#1 Some casino corporations are still paying employees

Over the years, there have been some truly dark moments in the casino business — and with most casinos closed nationwide, we are perhaps currently witnessing the darkest. But there are also moments where the industry puts its best foot forward.

Just look at the two historical cities known for gambling: Las Vegas and Atlantic City. Some of the big-name casino operators have decided to continue to pay employees and help ease the financial burden associated with properties shutting down.

Wynn Resorts started first and it seems they are going above and beyond most other casino companies. Wynn is paying both full and part-time employees plus paying estimated tips for 30 days.

Caesars Entertainment is offering two weeks’ pay to all employees across its vast network of properties around the US. Eldorado Resorts (who Caesars is currently merging with) also announced it would compensate all employees with their standard rate of pay for two weeks.

MGM Resorts International is paying furloughed employees (part-time and full-time) for two weeks, with benefits through June 30.

Borgata Hotel Casino & Spa and Hard Rock Hotel & Casino Atlantic City are more properties that are extending pay and benefits for a few weeks to aid their employees.

This is just a small glimpse of how casinos in various states are helping their employees in an industry that employs thousands of people.

Research by the American Gaming Association (AGA), says property closures will directly impact 644,000 casino and resort employees or 98% of the total US casino workforce.

Casinos have no playbook to reference, no industry standards to fall back on. One day they are operating and the next, ordered to close. It’s good to know some companies are taking the necessary steps to ensure their employees are taken care of in a time of crisis.

#2 Sports betting apps are still live in Nevada

Despite the complete shutdown of the Las Vegas strip, casual and expert bettors can still use Nevada online and mobile sports betting apps. (There was confusion for a while regarding the apps, regarding whether they would remain if the physical casino component closed.)

Although the betting menu may be limited, some people may find it comforting to know a finite amount of odd, diverse, sports are still chugging away.

Unfortunately, there is a caveat to this. In Nevada, you must register for an online account in-person. With properties closed, this means no new customers can sign up. Sportsbooks also require that you fund your account in-person. So if you find yourself on a string of bad bets, and hit that zero balance mark, you’re out of luck.

William Hill, however, announced updates to its app allowing for electronic deposits. Whether other sports betting operators follow this path is yet to be known.

#3 Strong February for East Coast sportsbooks

It may be the last good month for sports betting for a while, but damn was it a great high point. Pennsylvania operators reeled in a whopping $10.8 million in revenue off of $329.8 million in bets.

Neighboring New Jersey saw similar results with sportsbooks generating $17 million in revenue off of $494.8 million in bets. The percentage of bets placed online (88.2%) was also up from January and accounted for $436.5 million in bets.

These numbers will before forever linked to pre-quarantine times and while the numbers may not directly affect you, the consumer, they are a bright spot as the sports betting industry goes more and more mainstream.

#4 Maryland sports betting is moving along

In the fall, Maryland residents will have the chance to vote on if sports betting should be legalized. The issue will be placed on the November ballot and if approved, will give the legislature the go-ahead to craft suitable legislation.

One of the key issues holding back a full-blown sports betting bill was the lack of representation of women and minority-owned businesses. The issue directly mirrors what happened in neighboring Washington, D.C. Instead of sports betting licenses only being held by major companies, bars and restaurants (some of which are owned by women and minorities) can apply for a class-B license to operate sportsbooks.

Regardless of when sports betting comes to Maryland, the issue is being discussed and moving in the right direction.

#5 Virginia sports betting may soon be a reality

Lastly, Virginia sports betting is a governor’s signature away from becoming a reality. While the bill is limited and includes no betting on colleges in Virginia and no prop bets on any college sports at all, it does represent bi-partisanship and brings sports betting to the Commonwealth.

Not all sports betting bills are perfect. Some bills restrict who can and can’t operate a sportsbook. Others limit the types of wagers you can place, provide no responsible gaming protection or limit betting to retail only.

The common thread, however, is providing customers a legal and safe way to bet on sports. And in doing so, slowly chipping away at the illegal market.

In due time

The gaming industry may be in crisis mode right now. But in time, slot machines will be plugged back in. People will hover around a craps table once more. Sportsbooks will switch on tv screens. Casino resorts will welcome back their employees and their guest.

We will usher in the post-COVID-19 gaming world but we must remain optimistic that that day will come sooner rather than later.

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Brother Of Bears Linebacker Busted For Offshore Gambling Ring

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Stop us if you’ve heard this: Legalized sports betting is expanding. Quickly.

A few more states, namely Alaska and Wyoming, have introduced legislation to regulate wagering, bringing the country’s total to 21 states with standing legislation.

One byproduct of legalizing the industry is to crack down on illegal betting. Of course, eradicating offshore gambling seems an impossible task.

That has not stopped law enforcement from continuing those efforts, however. And now they have proven that no one is safe – regardless of status or family name.

On to the Rewind:

Chicago-area mayor arrested in illegal gambling ring

The name Urlacher carries legendary status in Illinois. Unfortunately, that name won’t carry much weight now.

Casey Urlacher, the brother of legendary Chicago Bears linebacker Brian Urlacher, has been charged as part of a federal indictment going after 10 individuals who allegedly operated an offshore sports gambling ring. To boot, Casey sits as the mayor of the small Chicago-area town of Mettawa.

Casey was charged with conspiracy and running an illegal gambling business, one that authorities say generated millions of dollars from hundreds of area gamblers. Urlacher is accused of “acting as an agent” for the gambling ring, which involved recruiting bettors in exchange for a cut of their losses.

Urlacher, mayor of Mettawa since 2013, allegedly worked under a man known as “Uncle Mick,” collecting cash from bettors and paying out winnings. He then received kickbacks from gamblers’ losses.

All told, agents searching the home of “Uncle Mick” seized nearly $1.1 million in cash and nearly a half-million dollars in silver bars, gold coins and jewelry.

NHL games streaming at select legal sportsbooks

While the NFL and NBA attract much of the betting attention among professional leagues, the NHL will not be left behind.

As a way to drive fan engagement, IMG Arena has secured the rights to stream live NHL games to US sportsbook partners. The agreement allows operators to air “select out-of-market” matchups.

IMG has streamed NHL games to European markets for a few years, and it also provides official data for tennis, UFC and the PGA Tour.

In Europe last year, over 56 million unique viewers worldwide consumed more than 175 million hours of IMG content. Certainly, IMG is no slouch in this area.

The NHL commented that this deal is part of a “progressive approach” to legalized sports betting and that IMG Arena “provides another innovative touchpoint for fan engagement.”

Washington sports betting bill faces an uphill battle

The latest effort to regulate wagering in Washington passed through the House. But in no way does that mean the road is wide open for the bill to pass.

In fact, it could face quite a legal fight.

An emergency amendment from Rep. Jim Walsh would legalize sports betting right away rather than requiring a minimum 60% voter approval. Opponents believe the amendment was included because legislators are well aware they won’t receive that approval.

The amendment notes that that immediate action to legalize sports betting “is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately.”

Regardless, some have the means to put up a legal fight, and they have threatened to do so should the legislation pass.

After all, there’s no real “emergency” for this amendment to be included, some argue. As one opponent detailed, gaming legislation alone does not qualify as emergent. To boot, the bill does not add revenue to state government, meaning there is really no true immediate need to enact this legislation.

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Pennsylvania Online Gambling Had A Big 2019, But What Can Be Improved For 2020?

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It feels like the awareness and legalization of online gambling did not exist until the repeal of PASPA in 2018, which opened the door for state-sanctioned sports betting.

Certainly, that is not the case. Prior to that historic decision by the US Supreme Court, several states enacted legislation to launch (or even went as far as launching) regulated online gaming markets. That includes Pennsylvania.

In 2017, the Keystone State passed into law a gambling expansion package that allowed online casinos, online poker and online sports betting. It was not until well over a year later that any of the verticals rolled out.

The lengthy waits have been well-documented, and so too have the drawbacks of such delays. Regardless, Pennsylvania stands as one of just three states with all three regulated markets operational.

And despite prolonged holdups, PA online gambling appears well on its way to a bright future. The Keystone State could get their faster, though, by addressing several issues while continuing to perpetuate its assets.

The good of Pennsylvania online gambling

PA sports betting off to strong start

Start with the obvious: Pennsylvania sports betting has boomed.

In its first year, legalized wagering in the state generated more than $1.1 billion in bets. And despite facing a sky-high tax rate of 36%, operators pocketed nearly $75 million in revenue.

Overall handle has increased in each month since April, a credit not only to thriving competition but also to the advent and swift takeover of betting apps. (Online wagers account for better than 80% of overall bets placed in Pennsylvania.)

Of course, football season helped: Each month between August and November featured handle totals exceeding $100 million – including November’s record total of $316 million.

With eight betting apps and 12 retail sportsbooks, Pennsylvania continues to expand its sports betting industry as it attempts to rival New Jersey and Nevada as legal sports betting powers. (For perspective, nearby New Jersey needed seven months to eclipse $1 billion.)

PA online casinos, poker establishing footholds

The other two online verticals in Pennsylvania operate in the shadows of sports betting. Like regulated wagering, though, online casinos and online poker remain in their infancy.

That said, the group of Pennsylvania online casinos has increased to five operators since going live in July 2019. In November, that collective totaled some $7.6 million in revenue, reflecting a $2.75 million increase from October. Since launching with three operators, online casinos in Pennsylvania have spiked $6.88 million in revenue.

As for online poker, November marked the first month of the vertical in the Keystone State. And it did not disappoint, as PokerStars debuted with rake and tournament fees totaling near $2 million.

Big names, big competition, big appetite for PA online gambling

Fear abounded that Pennsylvania’s high tax rates and licensing fees would prevent the state from reaching anything close to full maturity.

Who could blame them? Even today, PA’s rates stand as the highest in the country.

Operators, however, flocked toward the Keystone State; those who saw rising success in New Jersey opened up shop in PA. The likes of DraftKings SportsbookFanDuel Sportsbook and Fox Bet (among others) have thrown their hats into the Pennsylvania sports betting ring. As has Unibet, which, like SugarHouse and Parx, also powers an online casino.

Competition gradually swelled as 2019 wore on, seemingly in stride with the PA public’s growing hunger for and acceptance of online gambling.

How hungry has the public been? Of the state’s top five properties in terms of revenue during November 2019, four enjoyed noticeable boosts year over year – in part because of online gambling products:

  • Parx Casino: +12.58%
  • Rivers Pittsburgh: +14.48%
  • Rivers Philadelphia: +23.35%
  • Hollywood Casino: +9.13%

To boot, properties such as Valley Forge (+71.38%) and Mount Airy (+31.64%) saw big spikes from November 2018, again in part to the advent of online gambling.

The not-so-good aspects of Pennsylvania online gambling

In hindsight, not much was terrible about Pennsylvania’s modernization.

Initially, the state’s gouging tax rates and licensing fees didn’t sit right with stakeholders or analysts. They still don’t, of course, what with Pennsylvania’s rates still sitting as the highest in the country. That said, while that certainly has affected the bottom line for some, those rates have yet to scare off operators, who continue to hold an optimistic outlook for the potential of online gambling.

Then, of course, there was the whole Wire Act debacle of 2019. Just before the close of 2018, the Department of Justice issued an updated opinion of the act, essentially noting that the Wire Act should pertain to all forms of online gambling and thus prohibited under federal law.

As the New Hampshire Lottery started mounting its case against the DOJ (one that is still circulating through the courts), Pennsylvania maintained a cautionary approach. The state required operators to establish in-state servers and to submit plans to the Pennsylvania Gaming Control Board explaining how they would come into compliance should the new Wire Act opinion become enforced.

Such tactics no doubt delayed the debut of online casinos and online poker in Pennsylvania. Additionally, it restricts the title selection in the state.

How Pennsylvania online gambling could improve

Simply because Pennsylvania has opened up all three online verticals does not mean the state’s work is complete. These industries want to grow more. They want to become innovative. These are the paths Pennsylvania can take to help each industry reach its full potential – or at least close to it.

As such, moving forward, it would be ideal for Pennsylvania to be looking out for its casinos. While the safe bet is the following will not occur, it would sure help online gambling become even more profitable.

First, revisiting the tax rates would allow for industry stakeholders to open up their wallets more. Obviously the state claiming a larger take does not allow operators to take advantage of marketing and promotional tools. In such marginal industries, operators are already left with low percentage profits. These rates only dig into those pockets even more.

Certainly, Pennsylvania is unlikely to make any changes soon (if ever) surrounding tax rates. But what about its stance on the Wire Act opinion? One court has already ruled in favor of the NH Lottery condemning the DOJ’s take on the Wire Act. And now the DOJ is appealing that ruling. As such, that opinion appears a far cry from being enforceable.

Regardless, Pennsylvania remains cautious. And as a result, operators in the state are limited in what games and titles they can offer, while others can’t even get a foot in the PA door because of a lack of in-state servers.

Looking forward, what price could Pennsylvania pay by requiring so much of stakeholders? Under status quo, could Pennsylvania fall well short of its potential?

Former New Jersey Gov. Chris Christie essentially said as much in 2019, noting that these fees “are not going to encourage innovation” or “investment in the properties.”

“Every dollar you pay in licensing fees or in taxes is a dollar you don’t have available to bring new types of betting to the floor, to have state-of-the-art products to allow the experience to be more enjoyable. That’s why I think they are missing the boat.

“In the end, it’s a short-term problem and a long-term problem. The long-term problem is they’re not going to invest in getting Pennsylvanians the best technology because they spent all they are going to spend on the licensing fees and the taxes.”

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Ten Tips to Use the Law of Attraction to Win at Casino Gambling

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The Law of Attraction is the Law of the Universe that states that what you think about and focus on is what you will physically draw into your life to experience.

But what if you wanted to create more money for yourself by winning agen sbobet indonesia at gambling. Will the Law work for you then? The answer is Absolutely! — as long as you are vibrating in the right place mentally while you are doing it.

You see, I know this for a fact because I have been both studying the Law of Attraction for 20 years as well as enjoyed gambling for approximately the same amount of time; and I can tell you without a doubt that as my studying and learning has progressed, so has my winnings and jackpots!

While this article will mostly be focused on winning at Video Poker games in casinos (because it is personally my favorite to play and I know the most about it) I am sure you will find a lot of tips here that can help you win at other games as well.

Here are a few simple tips to help you get into vibrational alignment with winning as well.

1. Don’t gamble with money you cannot afford to lose.

Now, this may sound like typical “moral” advice that anyone would tell you, but from a Law of Attraction standpoint it is especially important. The fact of the matter is, if you are playing with rent or bill money then you are playing with scared or guilt money! Playing with scared money will put you in a negative vibrational place right from the start and will make it much more difficult to draw more money to you.

If money is a little tight right now – start a JACKPOT JAR in your home. (Be sure to write Jackpot Jar on it by the way. This way every time you look at it you are giving yourself a positive affirmation. Eventually you will come to believe that that is exactly what it is. ) Put some money in it every week. It doesn’t matter if it is $2, $5 or $10. Just put a little aside until you have accumulated the amount you would like to bring to the casino with you. Maybe you can cash in the penny or change jar you have sitting in the corner of your bedroom that is doing nothing.

The point is to go on your trip with “guilt-free” or “fear free” money. You will automatically be in a better vibrational place knowing that it really doesn’t matter if you win or lose it, as long as you have fun!

2. Visualize Winning Before You Go

My father was one of the luckiest Video Poker players I have ever met. When he hit, it was usually for some pretty big amounts. I remember a $13,000 jackpot, a few $8,000 jackpots and too many $4,000 and $1,000 jackpots to count.

Now the funny thing is my father didn’t technically believe in the Law of Attraction per se, but a favorite hobby of his was to daydream (or visualize) about his next trip to Atlantic City and how he was going to win. He would say things like “First I am going to go to the quarter machine and hit $1,000 there, then I am going to take that money and go play the dollar machine and hit $4,000 there and then I am going to sit for an hour or two winning smaller amounts until I hit the big one.” (Is it any wonder I am a fan of Video Poker when I see someone win at it so easily?)

Now again, he didn’t do these visualizations as a “technique” to help him win, he just did it because it was fun for him think about. Regardless of the reason why he was doing it – I can tell you it absolutely worked!

It got to the point where if he won less than 3 jackpots in a weekend, it was considered a “slow” weekend.

Eventually he got so good at winning – the thought of losing didn’t even enter his mind. And Law of Attraction being what it is (what you think and believe is what you get) he hardly ever did lose.

So start visualizing winning before you even go. Start small if a “huge jackpot” seems too unbelievable to you. Say O.K. first, I’ll win $100 here, then win $300 there. Imagine the perfect hands that will be dealt to you. Feel the excitement you would feel as if you had really won. Envision yourself counting a huge wad of bills on your trip home and how good it feels. Do this as often as possible before your trip so you are already on a great vibrational level before you even arrive at the casino.

3. Practice at Home

If you are reading this, chances are you have access to the internet. The internet has tons of free sites where you can practice “winning.”

Find your favorite game free online and practice how winning feels. (Don’t pay attention to any losing hands in your free play) just focus on how “easy” it is to win. Feel as if you are playing with real money. Feel the excitement, feel your confidence grow as you get one winning hand after another.

Now that you are fully prepared for your trip, here are more tips for when you get there:

4. Watch Your Words

While negative thoughts can keep you from winning, those thoughts spoken aloud can be ten times more powerful. Be careful not to fall into typical “casino talk” that is so common for players. For instance:

How much are you down?

How much money do you have left?

Nobody seems to be hitting today (or the opposite).

Everybody seems to be hitting today except me.

I’m never lucky in this place.

I can’t get any play.

I can’t seem to do anything

I hate this placev

This place Sucks!

Remember, Universe is following your lead. When you utter these kinds of thoughts and feelings, universe responds as always by bringing more of it to you.

Try more positive statements such as:

My winning machine is calling to me right now, I just have to listen.

My jackpot is waiting for me here somewhere and I am going to find it.

The right machine is going to jump right out at me.

I love coming here, I always have such a good time!

5. Truly Enjoy The Game While You Are Playing

Stop focusing on the credits that are going in and out or the amount of chips left on the table and bring your focus back to the enjoyment of the game itself.

There have been many times, especially in Video Poker where I have gone into “auto-mode”. I have been playing the game for so many years, that not much thought is needed to automatically hold certain cards that are dealt in a hand. Unfortunately this leaves my attention open to focus on the amount of credits in the machine instead, and if the amount is going down, my vibration goes with it.

I have since learned to refocus on the fun of the game itself. I now slow down my auto response. I sometimes pretend to be a novice to the game. I get myself deliberately excited over something as little as a pair of 2’s that are dealt to me, wondering how cool it would be to draw another one –possibly even two more of them! Yeah! I no longer wait for only the “big” hands to get me excited. I purposely enjoy the game. The more I enjoy, the more I am vibrating positively. The more I am vibrating positively, the more good hands I bring to myself that give me something to be genuinely happy about.

So slow it down. Remember why you are there. To have fun. If you are focused on having fun, the money will come naturally.

6. Switch Up Your Game

Did you ever wonder why “beginners luck” occurs so often? I firmly believe it is because a person who doesn’t know how a game is played, can’t have any negative thoughts or resistance associated with it.

An experienced video poker player may know that 9 out of 10 times that 5th card for the Royal Flush will not come up, but a novice has no idea. So where an experienced player might not believe it is going to happen because it is usually difficult, a novice has no such mental resistance.

If you feel you are not having any luck at your usual game of choice, go play a game you have no clue about. I can’t tell you how many times I have won money and didn’t even know what I hit or did to get it. What fun! Then I take the winnings from that and go back to my usual game with a whole new winning vibration.

7. Go on a Good Luck Charm Treasure Hunt

So, do good luck charms really work? We are talking about Law of Attraction here, so obviously they will work if you believe they will.

Does it have to be a certain charm? Not at all. My mother and I have been going to Atlantic City together for years. One of our favorite things to do when things are going slow is go on a Good Luck Charm Treasure hunt.

When someone wins a machine jackpot, the casinos place little white cards in the coin slot that says “Congratulations! You are a winner!, as the person is getting paid. Quite often people leave these lying around and I love to find them and use them as my good luck charm because they already have winning associated with them. If however, after 4 or 5 hands they haven’t brought any luck, we look for other things.

Sometimes it can just be a swizzle stick lying around. I will pick it up and hold it out as if it is the Holy Grail and claim “This is it! This is the one!” and gently place it on my machine. We’ve had more fun coming up with the strangest of charms to use and experiment with.

One time we drew a little Kilroy figure on a piece of paper. (You know the guy with the big nose and hands looking over the wall?). We put him on the top of our machine and had all sorts of fun with him. We would rub his little bald head before hitting the play button. My mom would turn him over and make him face the wall if he didn’t give us the second hand we wanted. We ended up having such a good time and so many laughs, that we ended up doing very well that day.

Now don’t get me wrong, I’m not saying it was “Kilroy” who made us win, but we were having so much fun playing with him, our mood and vibration so light and happy, that Universe had no choice but to respond in kind and matched our vibration with lots of winning hands and money. Remember it is all about the vibration you are sending out. Abundant good feelings brings more abundance in other ways.

8. If You Can’t Change Your Negative Vibe – Walk Away For Awhile

Sometimes no matter what you do, you can’t shake a losing attitude. If you find this happening to you it is time for a little mental distraction. You know the saying “No sense in throwing away good money after bad”

If you are operating from a negative place, it will only bring more negative (i.e. more losing). So it is time to walk away for awhile and change your mood in other ways. If you are lucky enough to have a hotel room go there for awhile. Rent a $10.00 comedy on the television (believe me you would lose a lot more than that if you kept playing negatively for 2 hours on the casino floor) and lighten your mood.

Maybe go window shopping in the Casino mall, listen to the live band playing in the lounge, go for a walk on the boardwalk or the strip. Go get yourself a great snack or meal you would normally not eat at home. Up your vibration, feel better and then go back and play. Again, it is all about vibration.

9. Put Your Emotion Into Your Winning Hands – Not Your Losing Ones

Let’s say you have 4 cards to a winning hand dealt to you and you do not pull the last card that you need. What is your immediate first response? Do you feel hopeful that at last the cards are starting to line up for you and a winning hand is on its way soon or do you feel disappointment or anger that you “missed” it and find yourself fuming for the next 20 minutes.

Again, your vibrational reaction makes all the difference. If you focus only on the hands you didn’t win guess what you will get? More non-winning hands. If you put your emotion into the excitement of the winning hands, no matter how small, guess what you will get? More winning hands.

Learn to change your focus and put more of your happy emotion into the winning hands only. This leads us to the last and most important tip to winning more with the Law of Attraction.

10. Gratefulness

Personally I have found that nothing helps me win more than constant gratefulness while I am playing. If I win even as little as 5 coins I will say “Thank you Universe and more of that please!” Like I mentioned above, I purposely get myself more excited about the wins and have learned to feel little or no emotion at the losses. I also make a concentrated effort to appreciate every thing around me. I am grateful for the air conditioned casino in the summertime. The fun sounds and lights I am surrounded by. The free drinks. The shouts of people winning at the craps table across the casino ( I love hearing the excited sounds of others winning! It boosts my spirits and makes me want to win even more, so I can share in the excitement.) I enjoy the company of the people I go down to the casino with, the food in all the restaurants, the clean hotel room.

Remember the reason you went was to have fun. Make that your priority and Universe will respond in kind and make sure it is fun for you.

Happy Creating!

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To Make Money Gambling by Betting on Baseball – Use a Baseball Betting System, Not Emotion

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I have received so many questions about betting on baseball and do most gamblers really implement a system to find a batch of winning picks. The answer is yes. I subscribe to a baseball picks system. However, I also like to look at games outside of the system.

The next question I get is how come many bettors like to wager outside of their systems? Well, the main reason is they just like wagering too much to bet only with systems. They start to get emotionally involved with the teams. They want to see the hometown team play and they like to feel the highs and lows when they have money riding on them. So when these teams don’t show up in their subscribed baseball picks, they place wagers outside of their sports betting system.

The real challenge here is the lack of handicapping. When betting on baseball, extreme care needs to go into your wagering. The idea is to win and money to buy cool stuff, put money into the bank, pay bills, etc. But I can guarantee you that most people are losing a majority of the games they bet on. Why? The games aren’t handicapped properly to put the bettor in the best possible light to win the bet.

A point that I like to make is that there are many ways to bet on MLB baseball. But I recommend, unless you are professional handicapper or you have been doing your own successful handicapping for a long time, use a baseball betting system to overcome the odds and win big. It’s a funny thing about odds. You can bet on two games and win one and lose one and still lose money because of the betting and payout odds. This is why I usually let a professional handicapper select my games for me. I want to win!

To rack up a huge winning streak betting on baseball, you have to overcome the sports own unique odds and if you are making picks outside of any sports betting system you need some intimate knowledge of the sport. Plus you will need to spend time researching and handicapping. I spend countless hours working on my own analysis to make my own choices to make money from gambling daily and I still get picks from my baseball picks from a system. I don’t rely upon luck or emotion when I gamble because I like to win and win regularly.

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Source by Jay Ry

Categories: Sports Betting

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The Raging Popularity of Internet Sports Gambling

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Do you enjoy gambling? A lot of people like to partake regularly. They are attracted to it because of the rush of winning and the hope of scoring big. Gambling is all about the surge of excitement. Fortunately, for gamblers a few nuances have been added to the betting game.

Recently, innovative additions like online poker and Internet sports gambling have entered the betting scene. Gambling just became much more convenient. Those who were not very fond of gambling before may just love its new cyber-experience dimension.

Are you interested in Internet sports gambling? This is a welcome addition for football and basketball nuts all over the country. You will love it if you enjoy placing a bet or two on a big game.

However, since this isn’t the 20th century anymore, it’s now all about computers and the World-Wide-Web. This is the only place where you can find such wonderful activities such as Internet sports gambling and online poker games.

My brother takes full advantage of this concept all the time since he is an ice hockey fanatic. He absolutely loves to place a bet on his favorite ice hockey teams. Nowadays, it has become so easy with Internet sports gambling websites. All you need a personal computer with Internet connection and a credit card, and you can place that bet in a jiffy.

You should hop on the World-Wide-Web right now if Internet sports gambling sounds right up your alley. You can now put that bet, big or small, down on your favorite team. However, you must not place bets that you can’t handle. T

his is always a bad decision on many levels. You can get into serious debt, and seriously disrupt your life and the lives of your family. You have to know when to quit.

If you’re not satisfied with Internet sports gambling, then you can always try a variety of cyberspace casinos. Nowadays, there are online casinos that can satisfy your gambling hunger. In our modern world, there is no need to go to Las Vegas in order to place your bet.

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Source by Morgan Hamilton

Categories: Sports Betting

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Online Gambling Ban in America is As Good As Dead

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In light of the recent events surrounding online gambling in America, whether it is casino poker sports betting or bingo we are again being asked the million dollar question, is it illegal for me to gamble online if I live in the USA?

The answer we give is the same as it has always been although now our position has been backed up by the U.S. Government. The Bill that supposedly made it illegal in 2006 did not in fact make it illegal for you to play at all but instead made it it illegal for America banks to process gaming transactions. This in itself was ineffective as many of the gambling companies did not use American banks anyway.

It absolutely did not make it an offense for an individual to play at an online casino or poker site. Given this glaring hole in the legislation even the banks fought back claiming they should not be put in the position of policing online gambling. At the same time Sen. Barney Frank was preparing a bill to make the ban obsolete and instead do the right thing and regulate the online gambling industry.

The important timelines here are Friday 27th November 2009, Tuesday 1st December and Thursday 3rd December.

Tuesday 1st December is the day the UIEGA Gambling ban was to come into force. This was to be 2 days before Sen Barney Frank was to have his Regulation Bill heard by committee on Thursday the 3rd December.

On Friday 27th November however something happened, the U.S. Government postponed the enforcement of the Gambling Ban by six months until the 1st June 2010. This can only to be to allow the correct approach of regulation and allowing Barney Franks bill to be sent through the channels.

To look at it pragmatically everyone involved knows that online gambling in America will be legalized, regulated and taxed within the next 18 months so why put any further pressure on an already stretched banking system for something that will be overturned in such a short time? It appears that common sense has prevailed and the road is now open for the legalization of online gambling in the United States of America.

This of course was the only course of action open to the U.S. Government and was inevitable. The question this leaves is where do the big Las Vegas casinos go from here? As we have previously written the likes of MGM and Las Vegas Sands have not been exactly proactive in their move towards readiness for the coming legalization.

All we can say is that our door is always open should they need any advice.

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Source by T SG Johnson

Categories: Sports Betting

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Obtain Evidence Of A Gambling Addiction For Litigation

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Are you are in the process of custody litigation and need to prove that your ex has a severe gambling addiction? If so there are ways for you to obtain that evidence and present it in court in support of your custody case. you may know that they have a gambling addiction but the court will want solid proof and evidence, not just your accusations.In fact if you are making too many accusations and cannot back them up with proof it can work against you and bring your credibility into question.

When you are seeking joint or full custody or your child or children the court my order a professional to evaluate your situation. The evaluator will take many things into consideration including such factors as addiction. There are many different kinds of addictions, drugs, alcohol, sex, pornography and gambling. In this article we will examine gambling addiction and how private investigators can obtain evidence of a severe gambling addiction so that evidence can be used in your custody evaluation or litigation.

The court ordered custody evaluator will take addictions into consideration because of the adverse affects addicts have on children and stability in the home. If you can prove addiction you can win custody.

Today gambling addictions are worse than ever before because in 20011 we have literally hundreds on Internet gambling sites. Anyone with a severe gambling problem will have several accounts with online betting, sports book,card gaming and race book sites. So the fact that there are so many online sites that require you to register and sign in using an valid email address. Makes it a very simple investigation for an Internet investigator that is trained in tracing email address back to secret online gambling sites.

The Internet investigator will take the suspects name and email address search thousands of Internet gambling sites. Until he obtains a list of Internet gaming sites the suspect is associated with. Once the investigator returns a list of addresses that the suspects email has been registered with then it is a very simple matter for a divorce or custody attorney to subpoena the financial records of the gaming site. This will show how obsessed the person is with gambling and the amount of time, money and focus they are spending on their addiction.This kind of evidence will be very valuable in a custody litigation or court ordered evaluation.

Copyright (c) 2011 Opperman Investigations Inc

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Source by Ed Opperman

Categories: Sports Betting

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Top 7 Advantages of Offshore Online Gambling

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No matter how objective you are there are many advantages to offshore online gambling. If you are an avid sports fan, or casino game player, or love the horse races and have been trying to find a place to do your betting, look no further than the search engine on your computer. Although you should perform your own due diligence in finding an offshore online gambling site that is both reputable and customer service oriented, best sports gambling site reviews and best casino site reviews have taken much of the leg work out by selecting the best gambling sites in the industry. These review sites have been around for several years now, and they deliver honest sports gambling and casino sites which offer the best odds that you can trust. Below are seven reasons why you should look offshore for your next bet.

No state-to-state wagering restrictions. You can bet at any gambling site offshore. States are still fighting over what can and what can't happen in their jurisdictions and how revenue should be divided up. Until you understand state-to-state implications you had better play offshore.Bonuses. Offshore online gambling sites have incredible volume. Recently more customers are joining because of sign up bonuses, re-deposit bonuses, and referral bonuses. One of the most important advantages to wagering offshore is that the bonus will motivate you to try their services providing the gambler a distinct advantage over the house.

No fees for gambling. Offshore gambling sites do not have parking, do not have municipalities and don't have expensive autotote machines. They want your wagers and will not charge you for placing them.Safe, secure, and confidential. Offshore online gambling does not require you to leave your house, uses the same encryption technology as the large banks online, and have no incentive or obligation to share your data with the government or others.

No taxes. Offshore online gambling sites operate on a no-tax or tax-holiday basis. This is reflected directly in the fact that you are not obligated to report or pay taxes by your offshore gambling site.

Wagering Options. Offshore online gambling sites often offer sports, casino, horse racing and other wagering options with the same account. The best offshore wagering companies offer every bet that the track, the simulcast facility, and Las Vegas have to offer and they offer head-to-head match ups. You can even bet just about anything and everything from the stock market to who will win at the Academy Awards.

The hours of operation are flexible. Because of the Internet, offshore betting companies now have the ability to bring the action right into a gambler's home 24-hours a day, 365-days a year. When comparing the differences between legal offshore online gambling sites, like the ones featured in the gambling review sites mentioned in this article, and the run-of-the-mill bookie is like night and day. The general manager or other management people are available for you to talk to. They have enough clerks and supervisors working during the busy periods and the online betting capability does not bog down close to game time.

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Source by Joe Pav

Categories: Sports Betting

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Common Online Gambling Games

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It was 1994 in the tiny island country of Antigua and Barbuda, a certain law was passed which made the location a legal jurisdiction, allowing it to issue gambling licenses. This law paved way for online gaming and until today, most gambling companies would base their business in the country to utilize their license.

The gaming software came years before the commencement of online gaming. An Isle on Man-based software company called Microgaming developed the first fully operational online casino software which gave birth to many online gambling sites. Whereas Cryptologic, an online security software company, provided the indispensable software which made internet transaction safe, secure and workable. By 1995, the first online casino was launched.

Like many things that did not have a smooth start, the launch of online gambling also met many obstacles. One major problem it met along the way was the legality of the trade. The very idea and concept of online gambling was opposed and resisted by many and especially in the United States. Senator Jon Kyl of Arizona for several times tried to prevent American citizens from gambling online and also promoted anti-gambling campaigns.

Recently, on September 30, 2006, the US Congress passed a bill stating the it is illegal for banks and credit card companies to process payments from US residents to online gambling companies. This bill later became a law which President Bush signed on October 13.

But although online gambling have up to now been fought against by many individuals, organizations and even the government, many are still captivated by the allure of this addiction. Thus despite all the disputes, supporters and players around the world are hooked in participating to online gambling. Most common online gambling games are:

  • Online Poker, or Internet Poker, is known to be partially responsible for the dramatic increase in the number of poker players worldwide. Online poker tables mostly host games of Texas hold ’em, Omaha, Seven-card stud and razz, both in tournament and ring game structures.
  • Online Casinos utilize the internet to play casino games roulette, blackjack, pachinko, baccarat and many others. Internet casinos may also be divided into three groups according to their interface: Web based casinos, Download-based casinos, and Live casinos. Web based casinos are played without the need to download software for playing games. Plug-ins must be installed in the browser to accommodate such games. Download-based casinos require clients to download software in order to play and wager on the casino games offered. The software connects to the casino service provider and handles contact without browser support. Whereas Live-based casinos allow online players to play and interact with the games played in real world casinos. In this setting, players connected online could see, hear and interact with live dealers at tables in casino studios around the world.
  • Online Sports Betting, where there are a variety of sporting events that a player could wager over the internet like fixed-odds gambling. Wagering or betting could be done through Bookmakers, spread betting firms and betting exchanges.
  • Online bingos are also available via the internet. Also for Mobile gambling, there are now developments in the utility of wireless and cellular devices in gambling notwithstanding the raucous debates for gambling online.

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Source by W Tsang

Categories: Sports Betting

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Online Gambling Basics

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Poker, black jack or any other casino game with a real fancy name, any lay man acquainted with the web knows that these are only a click away. Online gambling industry today is one with the highest growth rate. However which site to choose is definitely the biggest problem that one faces when seriously thinking about gambling online. With sites by the dozen offering “online gambling” there are other hundred offering you to start your own site, the scene can get a lot confusing.

Though site offer all traditional card games like poker and black jack and other casino games like roulette and slot machines, but the roots of internet gambling still centre around sorts betting and horse racing.

The concept is quite sensible considering that not everyone is comfortable with the terms and other nitty gritty of various dice games, while the picking the scores of a super bowl game is relatively easier.

According to various stats as published in Sports Illustrated sports betting touched as much as 1 billion $ which is 10 times the figures placed with traditional Nevada sports books. Betting on horses is also hugely facilitated by theses sites as while all major races are broadcasted on major television channels and other programmes cover highlights of the races, but getting on the tracks can get difficult, if you do not live in a state where the tracks are located.

While the federal wire act1961 made it illegal to use telephone to place bets, thus driving the prospective gamblers from other states out of luck, however the arrival of internet on the horizon changed the scene.

Popularity gained by poker in the recent years has been another reason for the success of online gaming in the recent years. Te success of the Travel Channel’s World Poker Tour program and ESPN’s World Series of Poker, have pushed other channels also to start airing these shows.

Poker though may easily be the most successful online gamble game but sites are trying to popularise the real games like black jack and slots by vigorous advertising which includes bulk email advertising. The emails sent by Golden Palace.com, one virtual casino offers as much as 58 casino games, meanwhile offering chat rooms and other premium services.

Interestingly online betting is not the only way to spend money. There are industry sites such as the River City Group, based in Missouri open for subscription starting from$245.Those not ready to spend money right away there are fee software to be downloaded to play poker or other games. There also are free practise areas to learn and play for free. However the catch lies in the fact that success in these free areas are a sure invitation to the real gaming world, where however winning is not so easy. The odds might be against you but in the world of software tricksters it’s always easy to make a winning way out. So online gambling in fact a contest between the owner and the player. But in either case it’s the winner who gets it all.

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Source by Mansi Aggarwal

Categories: Sports Betting

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Online Gambling Climbing Into 2012

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Online gambling and gaming is always a hot topic in the news with global legal issues, business deals, software development and of course massive jackpot winners.

Recently we have witnessed a large number of regular online casino gamers spending more time and money playing scratchcards online. The pace of development with scratch based games is constantly gaining momentum in addition the versatility of the scratch element can be carried over into other games brilliantly.

For example Joker Poker the new offering from Neo-Games has both Online Video Poker and a scratch cards element that satisfies both sides and adds a totally new side to an already popular game.

Classically scratch cards are not usually found in a regular Casino environment, however due to demand most online casino providers have had to incorporate some scratchcards into their collection of games. Not to mention the popping up of so many different scratch cards focused web sites.

Recent player figures seem to demonstrate that scratch players are increasing and that more people are open to trying scratch based games than ever before. Scratch sites and online casinos are leading the way in not only creatively crafted promotions and bonuses but lucrative and impressive business deals that are being used in other online industries.

This month for example it has been reported that Neo-Games has signed a deal with Sportingbet plc. The agreement outlines how Neo-Games will provide over 40 of their scratchcards and other soft games and integrate this scratch card platform into Sportingbet’s existing online website.

William Hill the sports betting/bookmaking has confirmed interest in the option of taking over the mobile gaming technology company Probability. The deal is believed to be worth a mammoth 13 million GBP and could see the expansion of William Hill’s Mobile Gambling and Regular Gambling interests.

Probability owns the brand Lady Luck and has approximately one million UK customers, using their bingo, poker, scratch cards and other online games. The mobile technology group has been an incredible success and was formed in 2003; the two owners claim that their success came from understanding just how important, big and profitable the mobile gambling industry would ultimately grow to be. Apparently William Hill has until 17th Oct 2011 to formulate a purchase offer as a deadline.

Earlier in the year the Co also purchased a few land based sports betting companies in the US and this strategically gives the group a firmer hold in the US markets while the industry expects to see some dramatic changes in the future.

Also in recent developments William Hill the sports betting/bookmaking has confirmed interest in the option of taking over the mobile gaming technology company Probability. The deal is believed to be worth a mammoth 13 million GBP and could see the expansion of William Hill’s Mobile Gambling and Regular Gambling interests.

Probability owns the brand Lady Luck and has approximately one million UK customers, using their bingo, poker, scratch cards and other online games. The mobile technology group has been an incredible success and was formed in 2003; the two owners claim that their success came from understanding just how important, big and profitable the mobile gambling industry would ultimately grow to be. Apparently William Hill has until 17th Oct 2011 to formulate a purchase offer as a deadline.

Earlier in the year the Co also purchased a few land based sports betting companies in the US and this strategically gives the group a firmer hold in the US markets while the industry expects to see some dramatic changes in the future.

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Source by Alessia Fischer

Categories: Sports Betting

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Is Mobile Gambling the Future of Virtual Entertainment?

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The desire of mankind to bet on events or gamble in casinos dates back to the ancient past. First money was wagered at local bookmakers or brick and mortar casinos then with the invention of the Internet online casinos and internet sports betting outfits became increasingly popular.

In the recent years a new trend has emerged. Mobile gambling. It is no longer necessary to visit a shop or remain in front of the computer to place bets or play online casino games. Since almost everyone owns at least one cell phone these activities can be performed literally everywhere.

What are some advantages of mobile gambling?

It can be consumed in every place, all over the world, wherever your cell phone leads you, mobile online casino games or sports betting will be present. Given that reliable wireless internet access is locally available of course.

In the case of a live horse racing event or a football game live bets can be placed while staying at the scene watching the action. Mobile games may be played on buses, trains or at the airport while waiting for departure making one’s daily life a lot less boring.

One important point to mention is that hackers have not targeted mobile devices as vigilantly as their computer counterparts yet so that data entry of customers of mobile casinos and sports betting providers is still relatively safe. But that may change once the mobile internet becomes mainstream.

Which disadvantages of mobile entertainment should be mentioned?

Wireless internet access for cell phones, and notebooks, is still relatively expensive in certain countries. So playing on mobile phones could become quite costly. Although a new generation of cell phones, Smartphones like the iPhone, have emerged the actual action zone for mobile sports betting or casino games is somewhat restricted in comparison to a wide computer screen.

As a result mobile casinos and betting providers offer less features and games on their mobile websites. And permanently holding a phone while playing may be less comfortable than sitting in front of the personal computer at home.

Data transmission rates and speed for mobile devices are often lower compared to landline connection points because of the undetermined environment which is affected by all kinds of disturbing signals, in general called ‘noise’, that negatively influence the mobile game action.

At the moment, it is safe to assume that both forms of virtual gambling have their place, in coexistence, and one will probably not replace the other any time soon. While some casino players prefer quick mobile action whenever and wherever they want, others still use their desktop computers to play in the comfort of their own home without any outside distractions.

Some closing notes about mobile gambling

Research has shown that relatively few mobile phone users purchase goods and services via their cell phone so far, which means that providers of mobile casino games will have to determine whether it is economically reasonable to continue this service, and how long, once enough consumer data is available.

In general, online casinos and internet sportsbooks also feature mobile casinos and wireless betting facilities. And these online divisions continue to thrive exceptionally revenue-wise.

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Source by Heinz Michael

Categories: Sports Betting

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How to Profit From Sports Gambling

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The goal for sports punters is to earn a profit whilst enjoying our favourite sport. The sad truth is that for the majority of gamblers, this is an elusive dream. However by developing and carefully following a stratagem anyone can make this dream a reality.

There are two factors to consider to profit from sports gambling:

  • Bet Selection
  • Staking Plan

Bet Selection

The first, Bet Selection, is obvious – we need to back winners at least some of the time. Let’s consider Horse Racing, anecdotally there are many professional punters who earn a comfortable living from picking horses, but the key word here is professional. Research and analysis of each horse in the 59 racecourses across the UK takes a sizeable amount of time and experience. If you want to be successful then it’s a full time job! For the majority of us this means we have to use the advice of experts to do some of the legwork for us.

Horse Racing Tipsters

UK horse racing has no end of self-proclaimed “experts” on the Internet charging up to £100 per month. When selecting a horse racing tipster the most important factor we need to consider is long term results.

The Internet is awash with tipsters who have had one good month but then go on to post a loss for the next six – but you will only see this one month on their home page! Never follow any tips without first checking the tipster’s full result history. Choose a tipster who publishes all their horse racing tips history, ideally where the results of the tips are published the next day along with a complete history of all their tips.

Take a look at a Tipster Proofing site such as Racing-Index who grades the results for a number of tipsters. Consider which tipster gives you gave for money and fits with your own betting profile – can you actually place the 100s of tips each month some tipsters require?

Following tipsters alone is not likely to earn us riches – the best tipsters are locked out for new members or charge such high rates that any profits are lost immediately. The solution is to develop our own system using tips from expert sources combined with our own research. This is the strategy successfully used in greyhound racing by followers of the site. As with most things; the more you put into your system the more you will get out.

Staking Plan

Once we have a betting strategy in place it is time to look at a staking plan. The simplest is Fixed or Level Stakes where we simply bet the same amount, for instance 2% of our initial betting bank, each time on our selected horse, however we would want to increase our wagers as our betting bank grows. This leads to Percentage Staking where a percentage of the current betting bank is wagered each time. This means as we win our stakes are larger and conversely the stakes shrink when the betting bank decreases.

However, intuitively we know these staking plans to be overly naive as we would be putting the same amount of money on a horse with low odds compared to a horse with high odds. As we are looking to maximise our profits we should be putting a larger stake on a low odds bet as the return will be less.

To find the optimal staking plan we could take a correspondence course in statistics and dedicate several years into research. Fortunately we live in age where this research is at our fingertips. From probability theory we have the Kelly Strategy where the optimal percentage of our betting bank is calculated from the odds of the bet and our own estimate of the probability of the horse winning.

Using an online Kelly Strategy Calculator just feed in the values to get the percentage of the betting bank to put on each horse. Now the Kelly Strategy can give us some scary percentage stakes if we have an initial run of high odds horses so we could adapt it to a Half Kelly Staking Plan where we wager half the percentage advised by the Kelly Strategy. This would result in a slower accumulation of gambling profits but a less hair-raising ride.

The most important sports gambling advice to heed is only bet with funds you can afford to lose. Always gamble responsibly – if you feel you need help and advice with problem gambling visit http://www.gambleaware.co.uk.

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Source by Stephen Carroll

Categories: Sports Betting

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Sports Gambling – How to Know How Much to Bet Per Event

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The most common mistake amateur and professional sports gamblers make is betting too much on individual events. A simple hard and fast rule is to never bet more than 2.5% of your sports betting balance on any given sporting event. However, before we get to the details of how much to bet there are a few basic rules that any sports gambler must remember:

Rule 1: NEVER bet more than you can afford to lose. This is the one rule that too many people ignore before it is too late. Ignoring this the rule creates all the horror stories. In sports gambling you must remember that there will be hot streaks and cold streaks and you do not want to subject your rent money or mortgage payment to any risk what-so-ever. If the money you are using to gamble is earmarked for a necessity then you should not be gambling with it. Only gamble with discretionary income.

Rule 2: NEVER bet with your heart. This, again, is one simple rule that many gamblers seem to ignore. If the Dallas Cowboys are your favorite team, you must recognize (despite what you may think) that you WILL be biased in trying to determine the winner of any of their games. The common (mistaken) logic is that because they are your favorite team you know more about that team and therefore, you should be able to make a determination about the winner of their games. Nothing is further from the truth. The problem with this logic is that you listen to biased Sports Radio regarding your team, you read biased Newspaper articles regarding your team and most importantly, you are biased about your team. The best rule to follow is to avoid betting on any game that involves a team that you have ANY allegiance toward.

Rule 3: NEVER bet on a game because it is on Television. It is okay to bet on a game that is on Television, but do not bet on a game SOLELY because it is on television.

Rule 4: ALWAYS bet the same amount on every event that you bet. To state it differently, do not play $250 on Pittsburgh versus Dallas, $150 on New England versus Indianapolis and $500 on Oakland versus Chicago. The only reason Sports Gamblers do this is because they feel more confident about Oakland versus Chicago, less confident about Pittsburgh versus Dallas and slightly confident about New England versus Indianapolis. All too often, the “best” pick of the day, turns out wrong, a back door cover creates a loss or a late interception causes a change in the result of the game. DO NOT FALL FOR THE 5 STAR LOCK OF THE DAY. This is why: Say Steve bets $500 on Oakland +7 versus Chicago; $250 on Pittsburgh +4 versus Dallas and $150 on New England -3 versus Indianapolis. Further say Tom makes the EXACT three same picks, but bets $300 on each game. Both gamblers have bet $900.00. Assume Oakland does not cover but Pittsburgh and New England do cover. Steve won 2 games and lost 1, but has lost $100.00 ($250+$150-$500). Tom on the other hand has won 2 games and lost 1, but has won $300.00 ($300+$300-$300). There is nothing more frustrating than having a winning percentage, but losing money.

Rule 5: NEVER bet more than 2.5% of your bankroll on any single event. If your balance in your sports betting account is $1000.00 then you should bet $25.00 per game. The reason is very simple. If you bet $25.00 per game you would have to lose 40 straight games before your account busted. If you bet $100.00 per game (10% of your balance) you would only have to lose 10 straight before your account busted. In other words, by betting 2.5% of your account balance on any given game, you INSURE yourself that you will be able to withstand even the worst losing streak. Make sure that you follow Rule #4 as well…Do Not bet more money on one game and less on another.

Rule 6: Once you increase the amount you bet per game, DO NOT reduce the amount you bet per game. Further, you should only increase the amount you bet per game once you have increased your bankroll by 25%. Taking our example above further. If the bankroll is $1,000.00 then the bet is $25.00 per game UNTIL the original balance is increased to $1,250.00. At this point, the amount bet per game is increased to $31.25 per game (or 2.5% of $1,250.00). You would continue at this amount until the balance is increased against by 25% (to $1,560). If you would begin to lose and you fall below the last benchmark YOU DO NOT REDUCE the amount bet per game. If you do, you will find yourself in a never ending cycle.

Following these 6 simple and rather basic rules you will find that sports gambling will become less stressful and more fun.

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Source by William R. Admin

Categories: Sports Betting

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Best Legal US Online Gambling 2019 – Online Casino & Sports Betting

Sports betting is currently legal in these states: Nevada, Delaware, New Jersey, Mississippi, West Virginia, New Mexico, Pennsylvania, New York, Iowa, Arkansas, Indiana, Oregon, Colorado and Rhode Island. Currently, several other states have active bills and 2019 legislation in progress to create additional land-based and mobile sports betting options throughout the US. Here is a complete guide on where to bet. Plus, find out which states are in the process of legalization.

Categories: Gambling News

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The Top Gambling Scandals In NFL History Are Too Cringeworthy To Believe

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Don’t worry, Josh Shaw.

You are not the first professional athlete, or even the first NFL player, to get wrapped up in a gambling-related controversy. Ideally, you’d be the last. But let’s be real; that’s likely not the case.

Take solace, Shaw. Your NFL betting transgression pales in comparison to some of the game’s forefathers.

Though the NFL scrambles to protect the shield and integrity of its games amid expanding legalized sports betting nationwide, at least the league’s history of gambling scandals seems more like a whisper compared with the shouts of other pro leagues.

Looking at you, MLB; your past is littered with the 1919 Chicago Black Sox and Pete Rose. And you, too, NBA and referee Tim Donaghy.

Even the NCAA has been more embattled, what with the 1950 CCNY men’s basketball team, the 1978-79 Boston College men’s basketball squad and the 1996 Boston College football team.

That is not to say the NFL is squeaky clean. In fact, the league boasts some incredible betting history.

Recapping the sports betting activity of Josh Shaw

As we prepared to flip the calendar from November to December–and while the majority on the planet began decorating for Christmas–the news broke:

“The NFL will suspend Josh Shaw, a defensive back for the Arizona Cardinals, who has been on injured reserve since August, for the 2020 season.”

Why? The league received a tip that Shaw, “on multiple occasions” during the 2019 season, had bet on NFL games.

Shaw reportedly traveled to Las Vegas with friends from high school earlier this fall.

As reporter Ian Rapoport put it, “Shaw placed sports bets for the first time based on the misinterpreted understanding of the Supreme Court ruling.”

The wager was a three-team parlay that included Shaw’s Cardinals, which he bet against covering the second-half spread against the Tampa Bay Buccaneers. He lost the wager.

‘Official Casino Partner’ blew the sports betting whistle

The defensive back reportedly gambled at Caesars, which contacted the Nevada Gaming Control Board and then the NFL.

Funnily enough, Shaw was pretty direct with his occupation. In filling out an application for a betting account with Caesars — an official casino partner (not sports betting) of the NFL — Shaw indicated that he was a “professional football player.”

League rules prohibit players from wagering.

In a statement, the NFL noted that it “uncovered no evidence” that Shaw used inside information when placing bets, or that “any game was compromised in any way.” Additionally, the league said there wasn’t any evidence that any teammates, coaches or other players were aware of Shaw’s betting activity.

It appears Shaw will appeal the suspension, but should it stand, he can petition for league reinstatement as soon as Feb. 15, 2021.

Regardless, however, Shaw becomes the first reported violation of a major professional league’s gambling policy since the Supreme Court struck down PASPA in 2018.

As noted at the top, though, it is far from the first in NFL history.

1996: Anonymous tip drops dime on rookie QB

Jon Stark was a sought-after quarterback that, at one time, many believed would be a fixture in the NFL. He landed a full-ride at powerhouse Florida State but sat on the sidelines for two years. Then he transferred instead to a Division II program in Illinois.

He shined, however.

In one year at Trinity International, Stark set program records in various categories. Draft expert Mel Kiper Jr. pegged Stark as the third-best quarterback in the country.

He didn’t go that high; instead, he was the second-to-last quarterback taken, a seventh-round selection (and last of seven picks) for the newly minted Baltimore Ravens.

Stark, though, would not see the field. By December 1996, he was out of the league.

According to reports, the Ravens received an anonymous tip that Stark was violating league rules by betting on games. The Ravens then alerted the league, which launched an investigation. Stark was suspended with pay. But he never returned to the NFL.

1982: Art of falling apart

Gambling addiction is no joke. Art Schlichter would undoubtedly be the first to tell you. That is, assuming you got a chance to speak to the former quarterback in federal prison.

Schlichter was the real deal: an undefeated high school starter, a four-year quarterback at Ohio State and the fourth overall pick in the 1982 NFL Draft.

Along with that talent, though, came hefty baggage. Because while Schlichter was establishing himself as a high school star, so, too, was his gambling habit at the local track.

The then-Baltimore Colts took Schlichter fourth overall in 1982. By that season’s midpoint, the rookie had gambled away the entirety of his $350,000 signing bonus. Over that winter and into spring 1983, Schlichter lost an additional $489,000. Rather than paying his bookies, though, he went to the FBI. His testimony helped bring federal charges against them.

As a result, though, the NFL suspended Schlichter, who was reinstated by the 1984 season. He didn’t stick around; the Colts dropped him in ’85 amid fears that he was gambling again.

In the 30 years since then, Schlichter has been in and out of jail. Currently, he’s serving the final few months of a decade-long sentence for stealing millions of dollars to feed his gambling addiction.

1963: Paul and Alex ain’t no saints

Man alive, what a time to be active for professional football. Leather helmets. No facemasks. No ticky-tack flags. No flags, really. Heck, no penalties.

Also, money exchanging hands all the dang time.

Two names stick out more than others: Green Bay Packers halfback Paul Hornung and Detroit Lions defensive tackle Alex Karras.

As the story goes, Hornung and Karras were betting regulars, wagering up to $500 on NFL games and associating themselves with “known hoodlums,” aka gamblers. Both were suspended indefinitely, which was later lifted after one season.

Hornung, who held the NFL’s single-season points record until LaDainian Tomlinson broke it in 2006, wagered as much as a half-grand on games between 1959 and 1961 (his MVP season), according to former National Football League commissioner Pete Rozelle. Karras, an all-league defensive player, placed at least a half-dozen bets ranging between $50 and $100.

(By the way, another five Lions were slapped with fines: $2,000 apiece for taking the Packers to win the 1962 championship.)

Hornung returned for a few more NFL seasons and was inducted into the Pro Football Hall of Fame in 1986. As for Karras? Perhaps you might know him as Mongo (among many other acting credits).



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