sports betting
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Friday, January 12, 2007
play blackjack betting
Blackjack History Derived from old French card games like "Chemin de Fer" and "French Ferme," the game of blackjack made its first appearence in French casinos around 1700. In France, blackjack is called "Vingt-et-Un," which means "Twenty-and-A." The game garnered it's now-common name of "blackjack" because when a player received a Jack of Spades and an Ace of Spades as the first two cards that were dealt to them, they would win an additional amount of money. Blackjack became popular in the United States around the 1800's and continues to be the most popular casino table game to date. Roger Baldwin Roger Baldwin wrote a paper in 1956 titled The Optimum Strategy in Blackjack. The paper was published by the Journal of the American Statistical Association and helped changed blackjack history forever. This paper was the first of it's kind to apply mathematical theory to the game of blackjack. Baldwin used probability, statistics, and calculators to show methods of reducing the casino advantage in blackjack. The paper was approximately 10 pages long and mainly consisted of mathematics and how they applied to card games. Professor Edward O. Thorp In 1962, Professor Edward O. Thorp, who is often referred to as the "Einstein of Blackjack", touched up the basic strategy that Baldwin had worked on and added the first known techniques of the now infamous tactics of card counting. Professor Throp published a famous book in 1963 called Beat the Dealer. The book was a national best seller. The casinos were affected so strongly by this book that they began to modify the game rules making it more difficult for players to win. Once again, the advantage had shifted back to the casino when they began changing the rules. It was during this time that casinos began introducing automatic card shuffling machines and multiple deck blackjack. Stanford Wong The next author to publish a famous book on blackjack was Stanford Wong, who wrote Professional Blackjack. This title used computer simulation to teach blackjack strategy and was designed for both beginning and advanced players. This book quickly became the standard blackjack bible for anyone who wanted to learn or master the game. Julian Brown Another large contributor to blackjack history was Julian Braun, a former IBM employee. Braun, a computer wizard, programmed thousands of lines of code for an IBM mainframe system, to simulate basic strategy. He developed new strategies for both basic strategy and card counting, which were published in the 2nd edition of Beat the Dealer. Ken Uston Electronic card counting devices were introduced in 1977 when Ken Uston's blackjack team built five pocket-sized computer devices that slid into their shoes. The team won over $100,000 in a short amout of time, as they assumed would happen, but eventually one of the computers was found and turned into the FBI. This computer device simply used public blackjack information, such as basic strategy, so the FBI ruled that it was not a cheating device. 60 Minutes, a popular news television show on CBS, aired an episode featuring Uston on their show in 1981 which lead to challenging casinos in Atlantic City on not allowing card counters to play. Uston wrote a book called The Big Player which details all of his work in blackjack. MIT Blackjack Team In the early 1990's another famous card counting group called the MIT Blackjack Team formed, continuing in the tradition of basic strategy and counting techniques, but without any computerized assistance. This team won hundreds of thousands of dollars over a short amount of time. Eventually casinos caught the group of card counters and they were barred from casinos across the globe.
Thursday, September 21, 2006
sports betting
sports bettingIn a fixed-limit poker game, a big bet (BB) is the larger of two fixed bet amounts. A big bet is used in the final rounds of a game to increase the pot amount and thereby enable the possibility of a bluff. Big bets are generally double the wager of the initial or small bet. Any multi-round poker game can use big bets to standardize wagers while maintaining a sufficient risk-ratio to encourage bluffing. Casino poker tables use big bets to set a limit to the amount of money a patron can lose in each wager. Statistical Analysis Big bets are used in place of variable limit raises to add considerable risk to staying in a game until a hand is shown. This added risk enables other players to bluff or to win a considerable pot when proving that they weren't bluffing. Other methods of adding structure to poker games include buy-in limits and maximum raise limits. Some sort of table or bet limits are required in poker to keep a person with the "deepest pockets" from "buying the game." Examples While any multi-round poker game can use big bets, the unlimited buy-in nature of casino style play is best suited for BB limits. Casinos can advertise the relatively low maximum wager of the BB as a way of attracting players, and players can join the table at any time. Casino style draw poker Big bets are used in draw poker during the final round of betting to weed out tentative players. In theory, only those committed to their hand after seeing their final cards will be motivated to wager twice as much as their previous bet. In practice, however, additional motivation for players to fold is usually needed in a single draw game such as: a half-pot limit, a pot limit, or a spread limit. No limit poker is only employed when table limits are imposed, thereby disallowing casino guests to join the table after play has started. Texas hold 'em In a $2/$4 Texas hold 'em game, the big bet would be $4, wagered in each bet of the last two cards. The $2 would be the small bet, wagered during all other bets of the game. Given that a small bet is generally half of a big bet and that a small blind is generally half of the small bet, the minimum BB in casino style holdem is four cents. On the other side of the scale, the largest required BB in regular play is that of $8000 at the Bellagio in Las Vegas. At this table, professionals like Doyle Brunson, Phil Ivey, Daniel Negreanu, Chau Giang, and Gus Hansen, along with wealthy tourists, are required to wager $8000 in each bet of each of the final two rounds of the game. Omaha hold 'em Big Bets are used in Omaha poker to allow buy-ins of players at any time. The American casino variant of Omaha, called Omaha Eight-or-Better has a greater odds of winning and therefore less motivation to fold with a tentative hand. For that reason Omaha Eight-or-Better is sometimes played in a pot limit betting structure instead of big bets. Casino style seven-card stud Big bets are used in seven-card stud, generally after the last upcard, to motivate tentative players who already have a lot of money in the pot to fold anyway. By the last upcard, seven-card stud players have wagered an ante and three rounds of betting. With that much money already in the pot, there is little motivation to drop out during the final two rounds of betting, especially when there is a possibility that another player may be bluffing. The effect of adding the requirement of a big bet to the final two rounds of seven-card stud betting is that the game becomes one more of skill than of luck.
http://www.enterbet.com
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