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Tuesday, June 14, 2005
Q & A with
Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.
Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.
Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?
Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.
Vegas Offshore: I’m confused, please explain.
Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.
Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?
Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.
Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.
Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.
Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.
Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?
Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.
Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.
Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.
Vegas Offshore: Do you have any success stories to tell?
Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.
Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?
Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.
Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.
Vegas Offshore: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
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Monday, June 13, 2005
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of making one-dollar work like three in online marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998 and has quickly risen to be one of the largest offshore operators in the world with over 50,000 active clients. We had an opportunity to catch up with Dalton Wagner on his last visit to Antigua.
Vegas Offshore: This year has been interesting for V.O. Group, S.A. and the offshore industry as a whole (advertising changes, etc.). How do you feel about the industry at the current time?
Wagner: I feel the industry is as strong as it has ever been. We are still finding that our advertising is bringing us new clients at an ever-growing rate. Some competitors are complaining that the crimp on advertising is affecting the industry, but we are not seeing this trend. Consolidation within the industry has begun, and I am sure you will continue to see smaller competitors gobbled up, and medium to larger companies merging. The weaker will go by the wayside.
Vegas Offshore: What about the rumors of V.O. Group, S.A. being bought?
Wagner: I am glad you used the term 'rumors'. The fact is that in July 2004 three suitors approached V.O. Group, S.A. because of our record-breaking profit year. In two of the cases we did see 'value' in a merger/relationship. However, at the end of the day, we could not come to terms that were agreeable on both sides. At this time V.O. Group, S.A. stands independent. And, we are happy being independent, profitable and growing.
Vegas Offshore: It is rumored that Bet On Sports (PLC; BSS.L) was one of the suitors. Is that true?
Wagner: There were three suitors that approached V.O. Group, S.A. And, in all cases confidentiality agreements were signed. For this reason, I cannot confirm or deny who any of the potential suitors were. What I can tell you is that one was a major sportsbook player, one was a major casino player and two were PLCs. I doubt that helps.
Vegas Offshore: Well, if Bet On Sports was involved, I bet you are happy you weren't involved in their November 24, 2004 stock debacle.
Wagner: The Bet On Sports stock debacle was an over-reaction by the market in my opinion. In one day you saw their stock drop 50% in value. And, the reason was poor performance in a very short period. If you looked at the other publicly held offshore gaming companies, you saw the same thing, just not as drastic as with BSS.L. Simply put, I know the founder of Bet On Sports, I know the management of Bet On Sports, I know the staff at Bet On Sports and I would not hesitate to invest in Bet On Sports. They were, and still are, undervalued in my opinion. They are a great competitor and a great company. I wish I had some of their stock at the new adjusted price. I just don't see how you can lose.
Vegas Offshore: It is rare to hear the 'competition' speaking so highly of a major competitor. Why would you do so?
Wagner: Simple. Bet On Sports is a great company. And, I am sure they would tell you the same about V.O. Group, S.A. The fact is, that there are companies out there that make our industry stronger. And, ones that make it weaker. Bet On Sports and V.O.Group, S.A. strive to make our industry stronger and more legitimate on a daily basis (as do BetCris.com; BoDog.com; etc.). What kind of ambassador for the industry would I be if I downplayed a 'good' competitor like Bet On Sports for my own benefit?
Vegas Offshore: If Bet On Sports did approach you, would you consider a merger?
Wagner: I like being independent. But, simply put, NEVER say NEVER.
Vegas Offshore: What of the rumors that you are looking at Panama as a potential relocation site?
Wagner: Our operation currently has offices in Costa Rica, Antigua and Belize. In Costa Rica we currently have over 400 employees. With employment costs in Costa Rica on the rise, the burden of Caja and the ever-changing political climate, we have looked at several alternative locations. One of the most desirable is/was Panama. However, due to the massive failure of BetPanAm.com and the political debacle involving their past gaming commission, we have decided to stay put for the current time. I think it is very safe to say that our primary location will be Costa Rica for the next 5 years. Pending any crazy licensing or governmental changes.
Vegas Offshore: I have visited your office in Antigua, however had no idea that you employed 400 individuals in Costa Rica. Why do you need such a large staff?
Wagner: Our industry has a reputation for being lazy and getting by on a shoestring budget. Most sportsbooks, casinos, racebooks and poker rooms answer phones when it is convenient and buy computers when the ones they are operating blow-up. Most are simply embarrassing to the legitimate operators. To run an operation like ours, servicing 50,000 bettors, you need lots of space, a 1st rate phone system, fiber and satellite phone and Internet backups, IT professionals, accounting professionals, etc. V.O. Group, S.A. is currently located in 35,000 square feet of space, operating 24-hours a day, 365 days a year, and we are busting at the seems. At the current time, we are negotiating to buy the building next to us for future expansion. I think we will employ 600 people come this same time next year.
Vegas Offshore: I have noticed that you are still branching into other products. How has this strategy worked for V.O. Group, S.A.?
Wagner: In 1998 we started with our sports product. We then branched into the casino product. In 2001 and 2002 we opened several major race books and poker rooms. The fact is that we are profitable in all products. However, our core product, and hub for our advertising, is focused on the sports product. The strategy has worked, but we will not desert our core product. You can look for our re-launch of interactive betting in early 2005 and bingo in mid 2005.
Vegas Offshore: What other changes do you see in 2005 for V.O. Group, S.A.
Wagner: I think you will see V.O. Group, S.A. work more on our Internet interface to make it more gamer-friendly; you will see our company move into land-based gaming; and you will see us acquire two or three smaller competitors. Rather, you will see what you have always seen, expansion.
Vegas Offshore: What other changes do you see in 2005 for the industry as a whole?
Wagner: The strong will get stronger. The weak will get weaker. And, the acquisition race will be on.
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Monday, March 14, 2005
Read Below To Earn More Cash Than Ever
Are you a onshore bookmaker that wants to Minimize Legal Exposure, Increase Potential Profits, Spend More Time Enjoying the Money You Are Making, and Grow Your Business Beyond Your Wildest Dreams? If you answered ‘YES’ to one or all of these questions, then you need to look at a Price Per Head Agent Relationship with our company.
The concept of a Price Per Head Agent Relationship is based on you, the onshore bookmaker, paying our company a service fee to offer the same services that we offer to thousands of clients (on an anonymous basis).
For the first time, you will be able to offer Internet and Phone access to Sports, Horse and Casino (2 casinos) wagering to all your current clients (via a simple PIN and PASSWORD betting system). No longer do you have to compete with offshore sportsbooks and lose clients. YOU WILL BE ABLE TO OFFER EVERYTHING THAT THEY OFFER!
We are Licensed to offer bookmaking services.
We have been in business for 7 years.
We write business for 15,000 clients daily.
We are open 24-hours a day, 7-days a week, 365 days a year.
We have over 500 operators standing by to make you money!
Take advantage of our $5,000,000 USD investment to make your services better than ever. No longer will you have to answer calls all Saturday and Sunday. No longer will you have to lose clients to the offshore bookmakers. No longer will you have to worry about having your door kicked in by the authorities. Now you can compete with the Big Boys! You will simply sit back, watch the games, and earn more than ever before.
To learn more, go to our website, and click on ‘Agents’. If you prefer to use a white-labeled site without bonus and promotional text, visit www.BettorsNet.com for more information.
We look forward to being your service provider.
Call 1-888-333-6914 for more information.
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Q & A with Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.
Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.
Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?
Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.
Vegas Offshore: I’m confused, please explain.
Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.
Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?
Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.
Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.
Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.
Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.
Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?
Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.
Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.
Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.
Vegas Offshore: Do you have any success stories to tell?
Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.
Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?
Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.
Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.
Vegas Offshore: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
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1) Educate yourself. Be prepared for any casino visit. Become able and profit
will follow! Knowledge is power in any casino.
2) Play only those games and strategies that have less than a 3% casino advantage.
3) Practice progressive betting: after every win up your bet by at least half
of your previous win. After a loss, go back to minimum bet.
10 BEST BETS
4) Certain Slots and full-pay Video Poker.
5) Blackjack - locate the 'dealer must stand on all 17's' tables.
6) Craps with correct strategies.
7) Mini-Baccarat & single-zero Roulette.
8) Pai-Gow Poker & Live Poker
9) SportsBook and Bingo.
TEN WORST BETS: Casino edge 3%+
10) Keno and Big Wheel
11) Double-zero Roulette & Caribbean Poker.
12) Let It Ride and Red Dog.
13) Blackjack with no basic strategy, and any proposition, field bet, BIG 6/8,
or "middle bet" on the craps table.
14) Video Poker with no strategy and no knowledge of difference between full-pay
and short-pay machines. Slots that have less than a 98% payback.
TABLE GAMES TIPS
15) Blackjack: single deck tables, no double down restrictions, re-splitting,
surrender; all above are player advantage rules. Use the 7-up method of play.
16) Craps: keep pass line and come bets at table minimums.
17) Make odds bets (after count established) with as much as your bankroll will
allow. This is where the money is made at the craps tables.
18) Mini-baccarrat: one decision to make - bet player or banker hand. This is
an easier game to learn than blackjack and has a low casino advantage.
19) Pai-Gow Poker: rank of 5-card hand must be hgiher than the two-card low
hand.
20) Live Poker: Two popular card room games are: Seven-Card Stud and Texas Hold
'Em.Online Casino Gambling
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Monday, January 24, 2005
Blackjack Tips
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When should I stand?
Stand on all totals of 17 or higher.Stand on all totals of 13 or higher if the dealer is showing a 2 through 6.Always stand Soft 19 and 20. (That's Ace, 8 or Ace, 9)Always stand Ace, 10 (That's because you've got BlackJack!)Always stand a pair of 10's
Blackjack: When should I Hit?
Hit all totals of 12 to 16, provided the dealer is showing a 7 through Ace.Always hit all totals of 5 through 8.Always hit Soft 13 through Soft 17 if the dealer is showing 7 through Ace.
When should I Split Pairs?
Always split pairs of Aces and 8's.Never Split pairs of 4's,5's or 10's.Split other pairs depending whether the dealer's up card is weak or strong. (See Vol. 1 for more details)The same goes for doubling down!
When should I take blackjack Insurance?
Never! Almost never that is. Beginning players should never take insurance. The insurance bet is heavily rigged in favor of the house. You should take insurance under certain conditions, when the advantage is definitely in your favor.
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Baccarat Basics
Are you looking for a game with a low house edge and easy to play? If so baccarat may be an ideal game for you. The house edge on the best bet is only 1.07% and playing is almost as simple as betting on the toss of a coin.
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Procedure of Play
Baccarat is played in a snooty roped off area to separate itself from the other games. The players are usually very well dressed and the table minimums are often high. The regular baccarat table is about the size of a craps table with 3 casino dealers and up to 12 or 14 players. Each player, including the player dealing, may still bet on either the player or the banker but it is customary for the dealer to bet on the banker.
The deal will rotate around the table, much like the dice rotate around the craps table. If a player does not want to deal they may pass the shoe to the next player. The same person will keep dealing as long as the banker keeps winning. The person dealing will put two cards, face down, tucked under the shoe, and give the player with the greatest bet on the player the other two cards, face down. This player then looks at the cards and then gives them back to the player who is dealing. Then the player who is dealing will turn over the cards and one of the casino dealers will announce the totals. Depending on the totals the dealer may then instruct the person dealing the cards to deal a third card. Finally the dealers will pay winning wagers and collect losing ones out of the dealer's tray. The player who actually deals is not assuming any financial responsibility of the other players bets, unlike pai gow, and is just turning over cards.
The Rules
Baccarat is played with eight decks of cards. Each numbered card less than ten is worth its face value, aces are worth 1, and tens and face cards are worth 0. The suit does not matter.
Play begins by all players betting either on the 'player', 'banker', or a tie. I put player and banker in quotes because that is the correct terminology but they do not necessarily represent the dealer or the actual players.
After all bets are down the dealer gives two cards each to the player and the banker. The score of the hand is the right digit of the total of the cards. For example if the two cards were an 8 and 7, then the total would be 15, and the score would be a 5. The scores will always range from 0 to 9 and it is impossible to bust.
A third card may or may not be dealt to either or both the player and the dealer depending on the following rules.
If either the player or the banker has a total of an 8 or a 9 they both stand. This rule overrides all other rules.
If the player's total is 5 or less then the player hits, otherwise the player stands.
The score of the player and dealer are compared, the winner is the one which is greater. Winning bets on the banker pay 19 to 20 (or even money less a 5% commission), winning bets on the player pay 1 to 1, winning bets on a tie usually pay 8 to 1.
You may wonder how the dealer collects the 5% commission on winning banker bets. If they did so every hand it would involve a lot of change and slow down the game. To avoid this during the course of play the dealer will pay even money to winning banker bets and consider the 5% an IOU. As the dealer plays through an eight deck shoe he/she will keep track of the commissions every player owes. At the end of the shoe or when a player wants to leave mid-shoe the dealer will collect on the commissions. Make sure you don't run out of money with outstanding commissions.
The House Edge
Except for the tie bet, baccarat is one of the best bets in the casino. The following table shows the house edge on all available bets. Usually a tie will pay 8:1 but sometimes will pay 9:1.
Probabilities in 8-deck Baccarat
Bet
Combinations
Probability
HouseEdge
Bank
2,292,252,566,437,888
45.86%
1.06%
Player
2,230,518,282,592,256
44.62%
1.24%
Tie
475,627,426,473,216
9.52%
14.36%
Note: If the tie bet pays 9:1 the house edge on that bet drops to 4.80%.
One and Six Deck Baccarat
Real Time Gaming online casinos offer a six-deck baccarat game, and Microgaming online casinos offer a single deck game. The fewer the decks the lower the house edge on the banker bet and the greater the house edge on the player and tie bets. The following tables show the specific numbers.
Probabilities in 6-deck Baccarat
Bet
Combinations
Probability
HouseEdge
Bank
403,095,751,234,560
45.87%
1.06%
Player
392,220,492,728,832
44.63%
1.24%
Tie
83,552,962,932,288
9.51%
14.44%
Probabilities in single deck Baccarat
Bet
Combinations
Probability
HouseEdge
Bank
6,737,232,640
45.96%
1.01%
Player
6,548,674,432
44.68%
1.29%
Tie
1,372,227,328
9.36%
15.75%Riding Trends
Every baccarat table will have plenty of scorecards and pencils for the players to keep track of the outcome of every hand. Most players will do so religiously and carefully analyze their card for trends as the winning hand switches back and forth from the banker to player. This is a big waste of time! The smart player will bet on the banker every time and leave the scorecards alone.
Mini-Baccarat
Are the baccarat minimums too high for you? Then you may want to try mini-baccarat. The rules and house edge are the same but the minimum is usually only $5 or $10. Unlike regular baccarat with its player participation and unique decorum mini-baccarat is played at a blackjack size table where the dealer controls everything. The pace of mini-baccarat is very fast, it would not surprise me if more were bet per hour at a $10 mini-baccarat table than a $25 regular baccarat table.
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Craps RulesPass bets
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The typical -- and simplest -- bet is called a Pass bet. It is placed on the Pass Line before the Come Out roll. Assuming that the round goes past the Come Out roll, you're betting on the chance that you'll roll the Point again before you roll an Out 7. Pass bets win at even odds, 1:1. Since any Pass bets are typically betting with the shooter, Pass bettors are said to be betting "right", they're supporting the shooter in his attempt to win.
To Win: win on the Come Out roll if the dice show 7 or 11. Win on any subsequent roll if you roll the Point.
To Lose: lose on the Come Out roll if the dice are Craps (2, 3, or 12). Lose on any subsequent roll if it's an Out 7.Don't Pass bets
A bet placed on the Don't Pass line is basically the opposite of a Pass bet. Assuming that the round goes past the Come Out roll, you're betting that the shooter will roll Out 7 before making the Point. In other words, you're betting against the shooter, which is why it's called a "wrong" bet. Rest assured though, there is nothing wrong with the odds on a Don't Pass bet.
To Win: win on the Come Out roll if the dice show Craps (2, 3 or 12). Win on any subsequent roll if it's an Out 7.
To Lose: lose on the Come Out roll of 7 or 11. Lose on any subsequent roll if it's the Point.Come/Don't Come bets
Come and Don't Come bets are basically the same as Pass and Don't Pass except they are placed while a round is in progress. They are designed for players who join the game late. The same rules apply: win if the next roll is 7 or 11, lose if it's Craps. Otherwise the roll becomes the Come Point.Odds bets
An Odds bet is a backup bet on a Pass/Don't Pass/Come/Don't Come bet already on the table. They're usually limited to two or three times (2x or 3x) the original bet and pay off at true odds: the payoff truly reflects the probability of the dice's roll and there's no additional house edge involved. Unlike original Pass/Don't Pass/Come/Don't Come bets, unresolved Odds bets can be removed from the table during play.
Pass Odds and Come Odds pay 2:1 on a roll of 4 or 10, 3:2 on 5's and 9's, and 6:5 on 6's and 8's.
Don't Pass Odds and Don't Come Odds pay 1:2 on a roll of 4 or 10, 2:3 on 5's and 9's, 5:6 on 6's and 8's.
Other bets Now for the rest of the table, the Place Number bets and Proposition bets. Unfortunately the odds against you here vary from mediocre to terrible which is why savvy players ignore almost all of them. These bets are mostly designed for players who either have money burning a hole in their pocket or feel they have to bet on every little toss of the dice. The price of such impatience and risk-taking is higher house edges, sometimes dramatically higher.
A Place Number bet is where you are betting that a particular number will roll before a 7 does, or vice versa. These include the Place, Buy, Lay and Lose bets, the Big 6 and Big 8, and finally the Hard 4, Hard 6, Hard 8 and Hard 10.
The Proposition bets are where you bet that the next roll will be a specific number. These include the 2, 3, 7, 11, and 12 bets, the Any Craps bet, the Field, Hop and Horn bets.
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Friday, January 21, 2005
Baccarat History
online casino gambling
The allure of baccarat is one of the most historic of any casino game. It dates back to the middle ages, when the game was played with parts of a Tarot deck. It originated in Italy and migrated to France, where it became the game of the aristocracy. The word "baccarat" means "zero" in Italian.
Eventually, baccarat evolved into European baccarat and the French game chemin de fer (French for "railroad"). Each game gives the bank one slight rule variation that makes the game an even proposition for the casino and for the players. Chemin de fer is essentially the same game as today's casino game of baccarat, but one of the players banks the game, rather than the casino. The "banker" denotation rotates around the table. The casino takes no risk and merely charges a fee from each banker.
What is known as American baccarat actually originated in England and spread to South America. It was introduced into Las Vegas at the infamous Dunes casino in the late 1950s after the Cuban government closed the Havana casinos.
Because it is so elegantly appointed, with marble, chandeliers, plush chairs and more, you might think that baccarat is still the game of the aristocracy. You'd be right. Many of the world's highest rollers make it their game of choice. Stories abound about rich men-and women-who bet millions of dollars during one session. Casino revenues on the Las Vegas Strip rise and fall precipitously according to the casinos' fortunes at the baccarat tables.
Since the middle ages baccarat has been considered the game of the rich. When it was introduced into Las Vegas, casino managers tried to maintain that aura, and succeeded beyond their wildest imaginations. High rollers from around the world today visit Las Vegas to experience the game in its most luxurious settings.
Other casinos saw the success with the high rollers and tried to interest the rank-and-file gambler in the game in order to expand its appeal (and to make more profits, of course). In order to put it within reach of most gamblers, mini-baccarat was invented. It is essentially the same as the big game, but played at a blackjack-sized table. It's the generic version of the game, with all the accouterments stripped away.
Like blackjack, it seats seven players. Each player has three spots, the Banker, Player and Tie bets. The game is conducted by a single dealer. The players do not handle the cards in mini-baccarat. The dealer draws the cards according to the same rules as the big game. Winning Banker bets are charged the same five percent commission and the house advantage is the same, as well.
The only difference between the two styles of baccarat is the speed of the game. At the large game, only two, maybe three, hands can be dealt per minute. At mini-baccarat, five, sometimes six, hands can be dealt per minute. As the tempo of the game increases, the house gets more shots at your money. Even though the house edge doesn't change, if there are more decisions per hour, you're going to lose at a faster pace. But since the minimums are lower, you'll lose less than at the larger table.
Mini baccarat is a good way to learn how to play baccarat without losing more than you'd like. It's also a good game for anyone who wants to play a simple game that requires no playing strategy.
But bear in mind that for all the similarities with the big game, mini baccarat is not baccarat. The trappings, elegance and appeal of the big game is worth spending the extra time and investing the money. You'll get attention normally reserved for the high rollers, and feel like one, as well.
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2:28 PM
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Roulette, The Game in online casino gambling
The American roulette wheel contains 38 pockets, one marked zero, another double zero, which are colored green and directly opposite each other on the wheel design. The European wheel features a single zero. There are 18 black and 18 red numbers. The table layout might be called the “road map” for the game. It contains all the numbers appearing on the wheel and are arranged to offer a variety of bets.
Players make bets by placing cheques (chips) of various denominations on the layout.
Each roulette table has its own supply of cheques, customarily six different colors. This eliminates confusion about whose chips have been wagered on the layout. The varying chip colors allow each player to have his or her own supply of cheques of one color; with that color assigned to that player until he or she leaves the game.
Roulette chips have no value when not in use. Chips have only a “money value” after the player purchases them and are sold, by the dealer in stacks of 20.
All tables have minimum bet requirements. This means even if you were playing with low-valued chips, it would be necessary to bet a minimum number of them per decision or roll. For example, in a $1 table minimum game, you are required to place a minimum of $5 in cheques on the inside of the layout ranging from 1-36. When in doubt, ask the dealer. After a player has finished his table play, he will cash in roulette chips to the dealer who in turn will exchange them for the regular casino chips. Casino chips may then be turned in for cash at the casino cashier.
On the American double-zero wheel, a straight up bet on one number pays 35 to 1. If this bet would be even, that is, with no House percentage, the winning bet should pay 37-1. But with a zero and double zero on the wheel, the House advantage is 5.26 per cent and approximately half of that on the European wheel.
Let us look at the various types of bets available for the roulette player: The two-number or split bet pays off at 17-1. To wager on two numbers at the same time, the player must put his check on the line which separates the two numbers. A three-way bet may be made on either 0, 00 and 2 (they are connected on the layout for simple chip placement) or on any three numbers on the layout. Winning bets pay 11-1. A four number bet (also called a corner bet) may be made by placing a check on the corner covering four numbers. A winning wager here pays of at 8-1. There is a five-number bet, which would cover 0, 00, 1, 2 and 3, which pays off at 6-1, but since this is the only bet which gives the House almost an 8 per cent advantage, it is not a recommended play,
One may also place a six-number bet (also called a six line or line bet). It pays off at 5-1. There are also dozens (by thirds on the layout, 1-12, 13-24, 24-36) and column row bets. On the layout, each dozen may be played by placing checks in the appropriate box. Dozens pay off at 2-1, with the column bet paying 2-1 as well. Many players enjoy what are called even money proposition bets-the “outside” as against other bets (which were “inside” bets).
The following wagers pay off at even money: Odd, Even, High (19-36), Low (1-18), Red, Black.
If you are wondering about the personnel operating or supervising the roulette wheel, here are some quick pointers: Most roulette wheels with a single layout are worked by two croupiers. The croupier spins the wheel and deals the game and is called the wheel roller or dealer. In some place, depending on the amount of action and table minimums, he/she is assisted by a croupier. In essence, the dealer controls the conduct of the game including selling chips to players; spinning the wheel; throwing the ball; announcing winners; collecting losing bets and paying winners.
The croupier separates (mucks) and stacks losing chips which have been taken off the layout. Chips are stacked in piles of 20 of the same color and placed in a chip rack on the apron of the table.
You can start betting on the layout immediately after all bets from the previous spin have been collected and paid. Usually you can continue to bet until the ball begins to drop and the dealer calls out “No more bets.” Sometimes if you bet too late, your wager will be returned to you whether or not the bet wins or loses.
The usual procedure is for the dealer to announce the winning number as soon as the ball lands in a numbered slot. The dealer may point to the winning number or place a clear plastic tube on that winning number. Outside bets are usually paid off first, then inside bets. At that point, the hand is over and new betting may commence as soon as the marker denoting the winning number is removed by the dealer from the table.
Remember winning bets are normally left right on the layout. It is the responsibility of the player to collect those bets left on the layout plus those payoffs from winning outside bets before the dealer announces “No more bets” once again. If the player is not alert, by accident, those chips left on the layout will be considered wagers on the next spin.
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Thursday, January 20, 2005
Rules Of Pai Gow Poker
Pai-gow poker is a banking poker game played online casino gambling in Las Vegas and some of the California card clubs. The object of pai-gow poker is to make two poker hands that beat the banker's hands. The player is dealt 7 cards that he makes into a 5 card hand (high hand) and a two card hand (low hand). The hands are played and ranked as traditional poker hands (with one exception: A2345 is the second highest straight), and the 5 card hand must be higher than the 2 card hand. If both hands are better than the banker's hand, you win, if both lose, you lose, otherwise it's a push. The banker wins absolute ties (i.e. K Q vs K Q).
The game is played with a 52 cards plus one joker. The joker can be used as an Ace or to complete a flush or straight. The table layout has 7 spots one in front of the dealer and 6 for players, like this:
Dealer
7
1 6
2 5
3 4
4
Each player spot has spaces for a bet, low hand, high hand and sometimes the house commission. The dealer deals 7 7-card hands in front of the chip tray. The banker can be a player, but is usually the house. The banker designates which hands go to which player by shaking a dice cup with three dice; the banker's position is 1, 8 or 15 and the hands are passed out counterclockwise. So, if the dealer is the bank and the dice total to 6, player 5 gets the first hand, player 6 gets the second, the dealer gets the third and so on. The dice mumbo-jumbo appears to be ritual stuff --- you don't need to worry about anything until you get your hand.
The player puts the two card hand face down in the box closest to the dealer, and the five card hand face down in back. Once everybody has set their hand, the dealer turns over and sets the bank's hand. The dealer goes counterclockwise around the table comparing the banks hand to the players, and taking, paying, or knocking. There is a 5% commission on winning bets that you can either put out next to your winning bet, or the dealer will subtract from your payoff. The lowest minimum bet is $5, seen at the Imperial Place and Four Queens.
In pai-gow poker, the only strategic decisions are how much to bet and how to set your hand. The simple basic strategy for setting your hand is to make the highest 2-card hand that is less than your five card hand. If you can't figure out what to do, you can show your hand to the dealer and they will tell you how the house would set it. Since pairs generally win the 2-card hands, and two-pair wins the 5-card hands, the only difficult decisions are when to split two pairs. The house rules at the Four Queens were not to split low pairs (<= 6) and not to split pairs <= 10 if there was a Ace high two card hand. So the house would set:
A 10 10 6 6 5 3 => A 5 / 10 10 6 6 3
K Q 10 10 6 6 3 => 6 6 / 10 10 K Q 3
A ``Pai-gow'' is a hand with no pairs, such as Q J / K 7 8 6 2.
Things get a little weird if a player wants to be the bank. To quote from the IP house rules: ``The House Dealer or the player may be the ``BANKER.'' The Bank wagers against all players. The bank will alternate between the house and the player (the House Dealer will at least take the bank every other hand). The BANKER will be signified by a white plastic marker. A Bank Player must either cover half or all wagers against him/her. The House will co-bank at 50/50 only at the Bank Player's request. The hand will be set according to house way and the table limit will apply if the House acts as a co-banker. In order to bank, a player must have played the previous hand against the House. The House will wager a sum equal to that player's wager against the house the previous hand. The player may request that a smaller amount be wagered. A Banker must be bank at the same spot of the hand he previously played against the house.'' Got that??
In the CA card clubs, all wagering is between players, so the option to be the bank rotates among the active players. The rule differences from the IP rules are that the Joker is wild, and the house commission is a flat $1 per hand ($10 minimum bet).
Pai-gow poker is an easy game to play, and since each hand takes a while to play (dealer has to shuffle for each game) and most hands push, you can play on $20 at a $5 table for quite a while.
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1:37 PM
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Rules Of Pai Gow Poker
Pai-gow poker is a banking poker game played online casino gambling in Las Vegas and some of the California card clubs. The object of pai-gow poker is to make two poker hands that beat the banker's hands. The player is dealt 7 cards that he makes into a 5 card hand (high hand) and a two card hand (low hand). The hands are played and ranked as traditional poker hands (with one exception: A2345 is the second highest straight), and the 5 card hand must be higher than the 2 card hand. If both hands are better than the banker's hand, you win, if both lose, you lose, otherwise it's a push. The banker wins absolute ties (i.e. K Q vs K Q).
The game is played with a 52 cards plus one joker. The joker can be used as an Ace or to complete a flush or straight. The table layout has 7 spots one in front of the dealer and 6 for players, like this:
Dealer
7
1 6
2 5
3 4
4
Each player spot has spaces for a bet, low hand, high hand and sometimes the house commission. The dealer deals 7 7-card hands in front of the chip tray. The banker can be a player, but is usually the house. The banker designates which hands go to which player by shaking a dice cup with three dice; the banker's position is 1, 8 or 15 and the hands are passed out counterclockwise. So, if the dealer is the bank and the dice total to 6, player 5 gets the first hand, player 6 gets the second, the dealer gets the third and so on. The dice mumbo-jumbo appears to be ritual stuff --- you don't need to worry about anything until you get your hand.
The player puts the two card hand face down in the box closest to the dealer, and the five card hand face down in back. Once everybody has set their hand, the dealer turns over and sets the bank's hand. The dealer goes counterclockwise around the table comparing the banks hand to the players, and taking, paying, or knocking. There is a 5% commission on winning bets that you can either put out next to your winning bet, or the dealer will subtract from your payoff. The lowest minimum bet is $5, seen at the Imperial Place and Four Queens.
In pai-gow poker, the only strategic decisions are how much to bet and how to set your hand. The simple basic strategy for setting your hand is to make the highest 2-card hand that is less than your five card hand. If you can't figure out what to do, you can show your hand to the dealer and they will tell you how the house would set it. Since pairs generally win the 2-card hands, and two-pair wins the 5-card hands, the only difficult decisions are when to split two pairs. The house rules at the Four Queens were not to split low pairs (<= 6) and not to split pairs <= 10 if there was a Ace high two card hand. So the house would set:
A 10 10 6 6 5 3 => A 5 / 10 10 6 6 3
K Q 10 10 6 6 3 => 6 6 / 10 10 K Q 3
A ``Pai-gow'' is a hand with no pairs, such as Q J / K 7 8 6 2.
Things get a little weird if a player wants to be the bank. To quote from the IP house rules: ``The House Dealer or the player may be the ``BANKER.'' The Bank wagers against all players. The bank will alternate between the house and the player (the House Dealer will at least take the bank every other hand). The BANKER will be signified by a white plastic marker. A Bank Player must either cover half or all wagers against him/her. The House will co-bank at 50/50 only at the Bank Player's request. The hand will be set according to house way and the table limit will apply if the House acts as a co-banker. In order to bank, a player must have played the previous hand against the House. The House will wager a sum equal to that player's wager against the house the previous hand. The player may request that a smaller amount be wagered. A Banker must be bank at the same spot of the hand he previously played against the house.'' Got that??
In the CA card clubs, all wagering is between players, so the option to be the bank rotates among the active players. The rule differences from the IP rules are that the Joker is wild, and the house commission is a flat $1 per hand ($10 minimum bet).
Pai-gow poker is an easy game to play, and since each hand takes a while to play (dealer has to shuffle for each game) and most hands push, you can play on $20 at a $5 table for quite a while.
posted by
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1:24 PM
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Rules Of Pai Gow Poker
Pai-gow poker is a banking poker game played Poker online casino gambling in Las Vegas and some of the California card clubs. The object of pai-gow poker is to make two poker hands that beat the banker's hands. The player is dealt 7 cards that he makes into a 5 card hand (high hand) and a two card hand (low hand). The hands are played and ranked as traditional poker hands (with one exception: A2345 is the second highest straight), and the 5 card hand must be higher than the 2 card hand. If both hands are better than the banker's hand, you win, if both lose, you lose, otherwise it's a push. The banker wins absolute ties (i.e. K Q vs K Q).
The game is played with a 52 cards plus one joker. The joker can be used as an Ace or to complete a flush or straight. The table layout has 7 spots one in front of the dealer and 6 for players, like this:
Dealer
7
1 6
2 5
3 4
4
Each player spot has spaces for a bet, low hand, high hand and sometimes the house commission. The dealer deals 7 7-card hands in front of the chip tray. The banker can be a player, but is usually the house. The banker designates which hands go to which player by shaking a dice cup with three dice; the banker's position is 1, 8 or 15 and the hands are passed out counterclockwise. So, if the dealer is the bank and the dice total to 6, player 5 gets the first hand, player 6 gets the second, the dealer gets the third and so on. The dice mumbo-jumbo appears to be ritual stuff --- you don't need to worry about anything until you get your hand.
The player puts the two card hand face down in the box closest to the dealer, and the five card hand face down in back. Once everybody has set their hand, the dealer turns over and sets the bank's hand. The dealer goes counterclockwise around the table comparing the banks hand to the players, and taking, paying, or knocking. There is a 5% commission on winning bets that you can either put out next to your winning bet, or the dealer will subtract from your payoff. The lowest minimum bet is $5, seen at the Imperial Place and Four Queens.
In pai-gow poker, the only strategic decisions are how much to bet and how to set your hand. The simple basic strategy for setting your hand is to make the highest 2-card hand that is less than your five card hand. If you can't figure out what to do, you can show your hand to the dealer and they will tell you how the house would set it. Since pairs generally win the 2-card hands, and two-pair wins the 5-card hands, the only difficult decisions are when to split two pairs. The house rules at the Four Queens were not to split low pairs (<= 6) and not to split pairs <= 10 if there was a Ace high two card hand. So the house would set:
A 10 10 6 6 5 3 => A 5 / 10 10 6 6 3
K Q 10 10 6 6 3 => 6 6 / 10 10 K Q 3
A ``Pai-gow'' is a hand with no pairs, such as Q J / K 7 8 6 2.
Things get a little weird if a player wants to be the bank. To quote from the IP house rules: ``The House Dealer or the player may be the ``BANKER.'' The Bank wagers against all players. The bank will alternate between the house and the player (the House Dealer will at least take the bank every other hand). The BANKER will be signified by a white plastic marker. A Bank Player must either cover half or all wagers against him/her. The House will co-bank at 50/50 only at the Bank Player's request. The hand will be set according to house way and the table limit will apply if the House acts as a co-banker. In order to bank, a player must have played the previous hand against the House. The House will wager a sum equal to that player's wager against the house the previous hand. The player may request that a smaller amount be wagered. A Banker must be bank at the same spot of the hand he previously played against the house.'' Got that??
In the CA card clubs, all wagering is between players, so the option to be the bank rotates among the active players. The rule differences from the IP rules are that the Joker is wild, and the house commission is a flat $1 per hand ($10 minimum bet).
Pai-gow poker is an easy game to play, and since each hand takes a while to play (dealer has to shuffle for each game) and most hands push, you can play on $20 at a $5 table for quite a while.
posted by
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1:24 PM
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Rules Of Pai Gow Poker online casino gambling
Pai-gow poker is a banking poker game played in Las Vegas and some of the California card clubs. The object of pai-gow poker is to make two poker hands that beat the banker's hands. The player is dealt 7 cards that he makes into a 5 card hand (high hand) and a two card hand (low hand). The hands are played and ranked as traditional poker hands (with one exception: A2345 is the second highest straight), and the 5 card hand must be higher than the 2 card hand. If both hands are better than the banker's hand, you win, if both lose, you lose, otherwise it's a push. The banker wins absolute ties (i.e. K Q vs K Q).
The game is played with a 52 cards plus one joker. The joker can be used as an Ace or to complete a flush or straight. The table layout has 7 spots one in front of the dealer and 6 for players, like this:
Dealer
7
1 6
2 5
3 4
4
Each player spot has spaces for a bet, low hand, high hand and sometimes the house commission. The dealer deals 7 7-card hands in front of the chip tray. The banker can be a player, but is usually the house. The banker designates which hands go to which player by shaking a dice cup with three dice; the banker's position is 1, 8 or 15 and the hands are passed out counterclockwise. So, if the dealer is the bank and the dice total to 6, player 5 gets the first hand, player 6 gets the second, the dealer gets the third and so on. The dice mumbo-jumbo appears to be ritual stuff --- you don't need to worry about anything until you get your hand.
The player puts the two card hand face down in the box closest to the dealer, and the five card hand face down in back. Once everybody has set their hand, the dealer turns over and sets the bank's hand. The dealer goes counterclockwise around the table comparing the banks hand to the players, and taking, paying, or knocking. There is a 5% commission on winning bets that you can either put out next to your winning bet, or the dealer will subtract from your payoff. The lowest minimum bet is $5, seen at the Imperial Place and Four Queens.
In pai-gow poker, the only strategic decisions are how much to bet and how to set your hand. The simple basic strategy for setting your hand is to make the highest 2-card hand that is less than your five card hand. If you can't figure out what to do, you can show your hand to the dealer and they will tell you how the house would set it. Since pairs generally win the 2-card hands, and two-pair wins the 5-card hands, the only difficult decisions are when to split two pairs. The house rules at the Four Queens were not to split low pairs (<= 6) and not to split pairs <= 10 if there was a Ace high two card hand. So the house would set:
A 10 10 6 6 5 3 => A 5 / 10 10 6 6 3
K Q 10 10 6 6 3 => 6 6 / 10 10 K Q 3
A ``Pai-gow'' is a hand with no pairs, such as Q J / K 7 8 6 2.
Things get a little weird if a player wants to be the bank. To quote from the IP house rules: ``The House Dealer or the player may be the ``BANKER.'' The Bank wagers against all players. The bank will alternate between the house and the player (the House Dealer will at least take the bank every other hand). The BANKER will be signified by a white plastic marker. A Bank Player must either cover half or all wagers against him/her. The House will co-bank at 50/50 only at the Bank Player's request. The hand will be set according to house way and the table limit will apply if the House acts as a co-banker. In order to bank, a player must have played the previous hand against the House. The House will wager a sum equal to that player's wager against the house the previous hand. The player may request that a smaller amount be wagered. A Banker must be bank at the same spot of the hand he previously played against the house.'' Got that??
In the CA card clubs, all wagering is between players, so the option to be the bank rotates among the active players. The rule differences from the IP rules are that the Joker is wild, and the house commission is a flat $1 per hand ($10 minimum bet).
Pai-gow poker is an easy game to play, and since each hand takes a while to play (dealer has to shuffle for each game) and most hands push, you can play on $20 at a $5 table for quite a while.
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1:07 PM
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Tuesday, January 04, 2005
online casino gambling
posted by
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1:15 PM
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