Posts tagged Trends
Trends in Casino Gambling – Always Follow the Trend
Jan 12th
We all know when you flip a coin the chances of hitting either heads or tails is 50/50, and yet we also realize that this does not mean that once you have flipped “heads” then the next flip has to come “tails.” This is because each flip is independent of previous flips, and previous flips have no bearing on future events. This means that if you manage to flip 100 heads in a row, the chances of the next coin coming heads is still 50/50. Since this is the case, we can look around us and see trends taking place. We don’t know why they happen, or how long they will last. But what we do know for sure is: Trends happen.
If you’ve ever been to a casino then you have surely witnessed a trend take place. Perhaps it was at the craps table with a hot shooter, hitting one point number after the other. Or maybe it was at the roulette table when you saw 10 red numbers in a row. Trends can be a very good thing or a very bad thing depending on what side of the bet you are on. Most professional gamblers will tell you to always look for and follow the trends, never bet against them. That means if you walk up to a roulette table and see that the last 10 numbers were all red, don’t think to yourself: “Oh look, 10 red numbers in a row, black is due soon.” Remember that each even is independent, and instead think to yourself: “Oh look, a trend is taking place, let’s get on and ride this trend out until it dies!”
Most people don’t think this way, and it’s the main reason casinos put up the “Spin History” boards at all their roulette tables. It causes people to bet against the trends instead of with them, and casinos have seen their profits at the roulette tables skyrocket as a result. A hot trend is a casino’s worst nightmare. For this reason try to remember to always try to spot trends and take advantage of them. You can do this by doing what is called “charting” the tables. Instead of jumping right into a game and hoping for the best, chart the tables until you think you’ve spotted a hot trend starting. Also, make sure you have an accurate knowledge of the game you are playing, so that you know the proper bets to make in order to take full advantage of the trend.
Be careful, though. Don’t forget about the most important aspect of gambling: Discipline. Spotting a trend and getting in on it is one thing. Recognizing that a trend has ended and it’s time to get out is quite another. Many people find it extremely hard to walk away from the table while they are ahead, or even behind for that matter. You need to set win goals and loss limits. It is better to walk away from the table with some money than it is to walk away flat broke. Remember to never chase your losses!
Following the trends is one of the things that makes professional gambling possible. Just remember that many other factors are involved when applying this simple concept. Chart the tables in the casino and find your trend. Learn proper betting habits at each particular game so that you are able to take advantage of the trend. Remember to walk away when the trend has ended by practicing discipline and smart money management. Good luck at the tables!
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Shifts In Casino Gambling Trends
Aug 28th
The internet’s ability to blur boundaries and society’s acceptance of casino gambling and sports betting ultimately shed light on the inconsistencies and loopholes of American gambling laws. From the makeshift sports book stalls in Nevada, most sports betting activities shifted operations and exploited the possibilities of cyberspace in the mid-1990s. At present, there are numerous online gaming sites catering to sports betting and casino gambling based in countries like Jamaica, Costa Rica, and Ireland.
Despite overseas-based operations, the lion’s share of the revenues and clients of these sites come from American states. In fact, recent studies show that these online casino gambling and sports betting sites earn more than legal casinos operating in Nevada. The profits of online gambling and betting sites are estimated at $70 billion for 2005 alone. This is a staggering amount compared to the reported $2 billion from Nevada casinos. This is enough to overthrow the three-decade reign of Nevada casinos from the 60’s to the early 90’s. Considering that sports book and casino sites have been operating for less than two decades, they are clearly a threat to the thriving Nevada gambling scene.
For decades, Las Vegas is the only place legal for gambling operations. Atlantic City followed suit and made casino gambling legal; the following decades saw the proliferation of state lotteries, card clubs, gaming ships, Indian casinos, and off-track betting salons across the nation. But still, these developments are not enough to compete with online gambling. The industry of online gambling is not even swayed by staunch opposition from legal US casinos. The gambling laws of the United States of America do not help, too. They vary widely from the different states. Most states ban all forms of gambling while some make exceptions. Inconsistencies like these make it easy for online operators to find and use loopholes in the law. The American Gaming Association maintains a defensive stand regarding online gambling. The association pushes for federal laws on the regulation of online gambling. According to them, the unregulated nature of the online gambling industry is its advantage over traditional casinos; regulating it puts both camps on even footing.
But despite this stand, some Nevada casinos are following the old stand-by: if you cannot beat them, join them. November 1998 saw the start of a new trend; traditional casinos started acquiring off-shore online casino gambling companies to improve their profits. An affiliate of the Hilton Hotels absorbed the Australian sports book Centrebet.com. Other Nevada casinos followed and this cycle again spawned a new barrage of debates.
Contrary to their earlier dislike of the online gambling industry, the traditional casinos set their sights higher. They are now pressuring the Congress to pass a law that legalizes online gambling. This is done in an effort to lower production costs; legalization means that they could now shift their operations in the US. Harrah’s and MGM Mirage, the two leading casinos in Nevada and undoubtedly owning their own online gambling sites, lead the casinos in requesting for the regulation of online gaming. Clearly, this move requesting for regulation does not intend to put traditional casinos at par with online sites anymore. The competition shifted between independent online sites and Nevada casino-owned sites. A move to regulate translates to double profits for the Nevada casinos.
Whatever comes out of this new development in casino gambling, gamers are still assured of their gambling fix. Possibly, if the proposed regulation is approved, there would be more security in betting online since it is now under US laws. Like before, casino gambling proves itself to be a dynamic and ever-changing industry.
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