November 10, 2009

Is Gambling really Up to Destiny or Chance?

Filed under: Gambling — Scott Hastings @ 3:15 am

Most of the people believe that success in gambling is strictly due to risk, or as some folks prefer to think of it, Lady Luck. Numerous gamblers tend to think that if they succeed it is actually because they’ve been touched by Lady Luck. However that additionally suggests that they’ll have a lucky run so long as Lady Luck is on their side.

But that sort of thinking is a type of dangerous weapon. If it were correct that Lady Luck was responsible for gambling success, then it diminishes any thought that the player has success because of his ability as a gambler. Lady luck takes everything out of the hands of the gambler and leaves it completely up to destiny. But if this is true then why is it that some winners are not really regular in their wins? How do they win one day and lose the next?

Statisticians will argue that the reality of the situation is better explained mathematically to be more precise than by chance, or Lady Luck. They can quite logically explain the probabilities and chances of somebody winning at any certain time.

in fact many people who are critical of gambling have a tendency to classify games like blackjack and roulette as being members of the gaming industry rather than the gambling industry. By offering this distinction, they can then say that those games are based more on mathematical stats instead of any kind of chance.

There’s a question if you subscribe to the assumption that it is all Lady Luck. Not only does that hint at some kind of primitive way of looking at something, but it also suggests that irrespective of what the player does, his winning or losing relies on some aspect over which he has no control. If luck is with him he will win, if it is not, he will lose. It can , therefore , undermine his capability to play smartly.

Believing in the luck idea can even send some people into doing weird and unusual things. In other words, they may go to extremes to do particular things to …quot;ward off malicious spirits…quot; that may meddle with Lady Luck. It can even go as far as to effect the colour of garments that they wear when they play.

One issue to remember, statisticians maintain that it is almost unachievable to get a royal flush. In fact, they assert the possibilities of getting one are one in 649,739. This illustrates more than anything that most of the people will lose more than they will win. And that is the entire foundation of gambling… Losing.

So, keep that in mind. Losing is the norm in gambling and winning the exception. As long as you go into gambling with this idea in mind you won’t have impractical expectancies. But to think that Lady Luck is on your side and that you will come out a massive winner, will only lead to disappointing results. The casino proprietor is the only one that constantly wins at gambling. That IS a guarantee.

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August 15, 2008

Goodbye to dealers at Excalibur’s poker room

Filed under: Gambling — admin @ 1:15 am

“It’s a strange day to be alive.” This adage has become cliché but it rings true when looking at the current state of the poker industry – and the world for that matter. We have poker bots beating top human professionals, live dealers in online casinos and now Excalibur has decided to use only automated tables for its poker room. The play will be similar to that seen in online poker tournaments, but the players will be seated at the same table.

Doing away with chips, cards and dealers, Excalibur’s poker room will be equipped with just twelve automated tables that keep track of chip counts, pot sizes and deals cards electronically. The table is called the PokerPro, which was created by PokerTek, and it will be the new face in a changing industry.

“I’m excited to see the turnout,” said Neil Bard, Excalibur’s floor manager. “We are going to have several famous poker pros come to help launch the tables.”

The automated tables increase the number of Texas Hold’em hands played by 50% and Omaha hands by 100%, which is the biggest asset of the digital machine. Many are speaking out against the machines, however, saying that it defeats the purpose of going to a casino.

This will be a huge change in the way poker is played and how people view the game, attracting new players and losing some – which is why it is such interesting poker news . The advantages are just too great for casino operators to turn away from, which is why many casinos are incorporating them into their poker rooms, but none are completely doing away with their conventional tables like Excalibur.