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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
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 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.
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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.
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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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How Do I Start Playing?
I suggest looking around at a number of casinos before making any decisions.
Especially look at the deposit requirements, minimum bets etc. There is quite
a variety of Internet Casinos out there. Many will let you visit for free and
even place some bets without signing up (You won’t win any money, but
you can play for free).
Once you pick a casino that you like, you will be asked to sign up. Usually
this will mean filling out an online form. Many will not even require that you
give your name and address. You will end up with an account number and a password.
(Remember, if you only have an account number and password on file with them,
and you forget them, you have lost your money)
How Safe Are Internet Casinos and Sportsbooks?
How safe is anything. So far there have been almost no problems with casino
payouts and deposit security, but that is not to say there will never be. Many
of the jurisdictions require that the licensee posts bonds of cash or insurance
as part of the license requirements.
As an example, the groups licensed in Curacao have to post an amount of money
equal to the average win in a special account in order to guarantee that they
can pay winners. To even get a license, those who apply have to go through some
extensive government checks.
Your personal security (including credit card details and other personal information)
is also guaranteed under license agreements in many, if not all, jurisdictions.
Most casinos and sportsbooks use secure servers to conduct all of their transactions,
and all information about you is held offline. Many also take out insurance
against fraud.
How Fair Are Internet Casinos and Sportsbooks?
Online Casinos are fairer than many people realize. The "house" is
happy making the normal profits of gambling. In many of the countries, the computer
programs must be submitted to the government for thourough checking of fairness
toward the player, and the firm also has to be guaranteed by one of the big
eight international accounting firms.
In all cases with casino gambling the odds for single deck blackjack, for instance,
are exactly the same with an Internet casino as with the real thing. The same
is true for baccarat, roulette etc.
As for the gaming machine type games (slots, video poker etc) the player payout
percentages are determined by the casino, and many will post what the percentage
of payout is online.
How Do I Make Cash Deposits and Withdrawals at Online Casinos?
In all cases you will have to deposit money up front before you can gamble
online. This will mean sending online casinos money via Western Union, Moneygram,
cashiers checks, money orders, wire transfers, credit cards etc. Most of them
will take money almost any way you want to send it. Most will not take personal
checks as they would have to wait up to two weeks for the checks to clear to
the overseas location. Having said this, you can normally use personal checks
with prior approval from the casino, but your money will not be available for
play until your check has cleared. Nearly all casinos now accept credit card
deposits. In fact, these are highly recommended due to the low cost and speed
of the transactions.
All casinos operate on the account system - you send them money and your account
is credited for that amount. As you gamble, money is credited or debited as
you win or lose. When you wish to withdraw money from your casino account (you
don't have to, you can leave it in for future gambling) you can do so in nearly
all of the ways that deposits could be made.
Many operations now allow you to have money withdrawn directly placed back
onto the credit card that you first deposited money into your account with.
This option is recommended as you can access your winnings within days. Casinos
charge reasonable fees for other withdrawal options.Strip Poker Casino
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Monday, January 24, 2005
Craps Glossary
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Any Craps: A one roll bet that the next dice roll will be a craps (2, 3 or 12).
Any Seven: A one roll bet that the next dice roll will be a 7.
Bar the 12: Shown on the craps layout in the Don't Pass Line and Don't Come Box areas. A 12 is a standoff in these areas to ensure the casino has an advantage over the wrong bettors.
Behind the Line: A bet on the free-odds after a point has been established on the come out roll.
Betting Right: Betting that the dice will pass, with the dice.
Betting Wrong: Betting that the dice won't pass, against the dice.
Big 6: A bet at even-money that the 6 will be rolled before a 7 is rolled.
Big 8: A bet at even-money that the 6 will be rolled before a 7 is rolled.
Box Numbers: The box areas around the numbers 4, 5, 6, 8, 9 and 10, which is used to mark the point, and to put place, come and buy bets.
Bring Out: A term used by dealers and players when betting on the hardway of a point, to "bring out" the point.
Chips: The common term for tokens, issued by a casino in place of money, and having the equivalent of cash.
Color Change: The changing of chips to a higher or lower denomination.
Come Bet: A bet with the dice that they will pass, made after the come out roll.
Come Box: The area on the layout where a come bet is made.
Come Out Roll: The initial or first roll of the dice before a point has been established.
Coming Out: A term to designate that a new come out roll is about to happen.
Craps Out: To throw a craps on the come out roll, an automatic loser for Pass Line bettors.
Craps: The term for a roll of a 2, 3 or 12.
Don't Come Box: The area on the layout where a Don't Come bet is made.
Don't Come Bet: A bet made after the come out roll, that the dice won't pass; betting against the dice.
Don't Pass Line: The area on the layout where a Don't Pass bet is made.
Don't Pass Bet: A bet made on the come out roll that the dice will not pass; betting against the dice.
Easy Way: The roll of a 4, 6, 8 or 10 where the dice are not matched as a pair Even-Money
Field Bet: A bet that the next roll of the dice will come up 2, 3, 4, 9, 10, 11 or 12.
Free-Odds Bet: Another term for any odds bet where the house has no advantage. Either taken (or laid) on a Pass, Don't Pass, Come or Don't Come bet after the point is established.
Hardway: The term for the dice coming as a pair for the 4, 6, 8 or 10, such as 2-2, 3-3, 4-4 or 5-5; as opposed to the easy way.
Hop Bet: A one roll bet on a number not in the center layout.
Horn Bet: A one roll bet on the 2, 3, 11 and 12.
House Edge: The advantage (or edge) a casino has over a player on a particular bet on the craps layout. Also know as Casino Advantage.
Lay Bet: A bet by a wrong bettor, that a 7 will be rolled before the number; a 5% commission is paid for making such a bet.
Lay the Odds: A free-odds bet by a wrong bettor against a number, based on the potential winnings rather than the bet.
Layout: An imprint on felt surface showing all bets that can be made in a craps game, with areas for those bets.
Natural: Another term for a 7 or 11 rolled on the come out roll.
Pass: A winning decision on the dice; the 7 or 11 is rolled on a come out roll and/or the point is made.
Pass Line Bet: A wager that the dice will pass; betting with the dice.
Payoff: The casino pays and the player collects a winning bet.
Place Bet: A wager on the numbers 4, 5, 6, 8, 9 and 10 in the box numbers area of the layout.
Point: The number 4, 5, 6, 8, 9 or 10 when rolled on the come out roll.
Proposition Bets: The bets located in the center of the layout; also called Center Bets.
Seven-Out: To throw a 7 after a point has been established, ending the roll and losing with the dice.
Shoot: A term for a complete series of rolls before a seven-out.
Shooter: The player who rolls the dice, and whose throws determine all payoffs and losses at the craps table.
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3:35 PM
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Baccarat rules
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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 baccarat is almost as simple as betting on the toss of a coin.
Baccarat rules
Eight decks of cards are used in baccarat. 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 baccarat dealer or the actual players.
After all bets are down the baccarat 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.
The score of the player and dealer are compared, the winner is the one which is greater. Winning baccarat 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 baccarat 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 baccarat 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 baccarat dealer plays through an eight deck shoe he/she will keep track of the commissions every baccarat 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 while playing baccarat.
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11:06 AM
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Keno Strategy
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Keno is a game of luck and chance, and no keno strategy will guarantee success.
The best way to get the most out of your Keno experience is to properly manage your bankroll
When playing Keno it is a good tip to have a set "Goal" amount of winnings. A good rule of thumb is 50-100% of your initial bankroll. Once you hit this amount you will cash out, regardless of how well you're doing.
There are no real tricks to beat the casino when playing keno. Keno is a 100% game of chance and therefore the outcome of the next draw can not be predicted.
Keno is a fun game, and has as many different systems as there are stars in the sky. Family birthdates, lucky numbers, biorhythms, probability charts, trend predictions, and playing the same ticket as the guy sitting next to you are all good systems if they work for the Player and add to the enjoyment of the game.
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7:15 AM
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Friday, January 21, 2005
Baccarat Rules
Baccarat (correctly pronounced "BAH-kah-rah") has long been a favorite card game of high rollers, but even many more budgeted players as well! The rules are incredibly simple and can be mastered in a few minutes in strip poker casino. The object of baccarat is to correctly predict whether the banker's hand will win, the player's hand will win, or the game will result in a tie.
The value of a hand is determined by adding the values of its individual cards. Tens and face cards count as zero, while all other cards count as their numerical value. After summing the total, only the last digit is used. Therefore, baccarat hands all have values from 0 to 9. The hand with the higher value wins. If the hands have the same value, the game results in a tie. Initially, both the banker and the player are dealt two cards. If the two initial cards total 8 or 9, the hand is called a "natural", and the game will end at that point. Otherwise, standard Baccarat "third card rules" (that Gold Club players need not remember) determine if a hand should receive a third and final card.
Winning bets on the player's hand are paid at 1:1 odds. A 5% commission is charged on winnings as a result of a bet on the banker, making the net odds on banker bets 0.95 to 1. A winning wager on a tie bet is paid at 8:1odds. If the game does result in a tie, bets on the banker or player are returned.
If you have an abundance of pure luck, then Baccarat is your game. Baccarat is played using a fixed set of rules for the player and the dealer. Calculations have been made that show the odds of the player winning are 44.62%, losing 45.85%, and tying 9.53%. Thus it would seem advantageous to bet on the house winning virtually every hand.
To even out the odds, the house charges a commission (usually 5%) on winning bets placed on the house. How should this change the way a player wagers?
Factoring in the commission, you are still slightly better off betting that the house will win. This assumes the commission is the usual 5%. However, should the commission change then you have to adapt your strategy. If the commission is less than 5% then it is always advantageous to bet on the house, while if the commission is more than 5% it pays to bet on the player winning.
Removing the tie hands in the event there is no payoff, the odds of the player winning are 49.32% and for losing 50.68%. For various commissions we can calculate the following average payoffs then, assuming 100 wagers of $1 were made.
4% Commission
Betting on the player
Betting with the house
Winning
$49.32
$50.68 * 96%
$48.65
Losing
$50.68
$49.32
Difference
-$1.36
$0.67
You lose less when betting with the dealer.
5% Commission
Betting on the player
Betting with the house
Winning
$49.32
$50.68 * 95%
$48.15
Losing
$50.68
$49.32
Difference
-$1.36
-$1.17
You lose less when betting with the dealer.
6% Commission
Betting on the player
Betting with the house
Winning
$49.32
$50.68 * 94%
$47.64
Losing
$50.68
$49.32
Difference
-$1.36
-$1.68
You lose less when betting with the player.
Baccarat sometimes allows for a bet to be made for a tie, and sometimes doesn't (mini Baccarat typically played online usually does). Although the odds of 8 to 1 may sound appealing, it is considered one of the worst wagers in the casino, so don't bother making this bet part of your baccarat strategy.
You can test out your Baccarat strategies right now at Hotspot Casino. They offer a great version of online Baccarat you can play for real money or just for fun. They do allow tie bets and take a 5% commission on banker bets, a great rendition of Baccarat online.
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Common Questions about Online Casinos
Are you new to online gambling? Below, you can find answers to some common questions about online casinos. You'll find that playing at online casinos is safe, secure, quick, and just as much fun as playing in Las Vegas strip poker casino.
Do online casinos cheat?
No, online casinos don't cheat. All the major (reputable) online casinos use RANDOM NUMBER GENERATORS and sophisticated technology to ensure that the outcome of the games is completely random. By using random number generator technology, even the casino does not know the outcome of the next card, next slot machine spin, or next roll of the dice. This means that unlike Las Vegas blackjack or other table games, you can not count cards as a strategy, because the next card is truely random! Most new players think that since they're playing online, all the casino games are controlled by a computer, so it's different from Las Vegas or traditional style casino gaming. This is not always true, because even the slots in Las Vegas are operated by sophisticated computers that control the odds of each machine. Online casinos work in a similar manner, but this is true for all the casino games.
What if I win? How do I receive my winnings?
In most cases, you will receive your winnings instantly. The method of receiving your winnings depends on how you made your deposit to the casino. For example, if you used your credit to make your deposit to the casino, you will most likely receive your winnings back to your credit card. If it is a large amount, then part of the winnings will be paid back to your credit card, and the rest will be sent to you by a check, or bank wire transfer. You can choose. In general, the winnings are paid out using the same method that you deposited to the casino, but this can vary depending on the amount you won. Expect transactions such as credit cards and neteller to be completed instantly, and expect to receive the funds using check or wire transfers within a week or two.
How do I pick a safe online casino?
There are a lot of online casinos to choose from, about 1200 they say, and to the beginner it may seem confusing telling them apart. Some important things to consider are:
Does the casino offer a sign-up bonus? If so how much?
Does the casino have transaction fees? If so how much?
Do they have a reputation for making prompt payouts?
Does the casino offer multiple toll free phone number?
Check to see if they list a local phone number you can call, in case 800 number is down?
Is the casino licensed?
Is there information available about who owns and operates the casino?
Do they use software acquired from one of the big gaming software firms? Or did they develop their game software in house?
Have they been in business long enough to establish a bettor-friendly track record?
Is their record free of customer complaints?
Do they use third-party payment systems to take the risk out of withdrawing money from your account?
Is the casino licensed by their host country?
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Thursday, January 20, 2005
Roulette Table Etiquette
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We mentioned in an earlier article that there is a certain period of time in which you are allowed to place bets. In between each spin of the wheel, the dealer normally gives all of the bettors about 60 seconds to place their bets. When the dealer spins the wheel, you still have a few seconds to place a bet. When the dealer raises his hands and says "no more bets", you must refrain from making a bet and wait until the next spin of the wheel.
When the ball drops into a slot on the roulette wheel, the dealer will place a marker on the table that corresponds with the slot that the ball dropped into. He then removes all of the losing bets. After that, he will pay off the winning bets, and remove the marker from the table. Players are not allowed to touch their chips during this time, or else they could be removed from the casino.
Above all else, just be courteous. Make sure that you don't knock over anybody else's chips. Make sure that you are respectful to the dealer and the people around you, and also offer the dealer a small tip every 10th spin or so. And also, have a fun time playing roulette, but don't get too excitable or drunk, as nobody enjoys a person elbowing them or screaming in their ear. Just have a fun time and be respectful, and hopefully karma will reward you.
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Tuesday, January 04, 2005
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