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The Truth Behind The Limits: What Minimum and Maximum Bets Are About
Have you ever thought about the reason behind the existence of minimum and maximum bets? The truth is simple: casinos want your money. As simple as that. So they restrict your possibilities to win.
It was in 1654 that Antoine Chevalier de Mere asked Pascal why he usually lost when he bet even money that are double, 6 would show up at least once in 24 rolls of two dice. Pascal demonstrated that 24 rolls would be against the gambler, but 25 rolls would be slightly in his favor.
Pascal solved the question, and sent the solution to Pierre Fermat and Christian Huygens. The science known as Probability Theory was born. Up to then gambling odds were found by trial and error. Pascal, however, was able to calculate the odds of chance in a scientific way.
But if one knows the odds he can find the way to trick them. Since that time people also began developing the schemes to beat the system. A good deal of the systems is build around increasing each consecutive bet as anticipation of winning grows, known as martingale systems. So gambling establishment elaborated a simple method shut out a game transformation in to jump with bets, where a resource-sufficient player was practically "doomed" on winning. Maximum bet has its limits.
In any world casino each table, be that roulette, blackjack or poker, features signs clearly defining minimum and maximum rate of bets on a given table. A difference between them can be in 10, 30 or even in 100 times. But nowhere to you will be allowed to multiply your bets without restriction.
Please pay attention, that the very existence of maximum bet limits proves that a system, founded on bets augmentation principle, threatens the success of the casino. Take any table in regular or even on-line casino. For example the one, on which minimum bet is $25, and maximum one is $1000. Why do you think you are not allowed to bet more than $1000 at once? Do you believe they won't have money to pay out? Or do they fear, that you will win and take your money home? But in VIP-halls of the same casino you can make a bet of $2000 or even $10000! And if you have specially requests you try negotiating with the administration to satisfy them. Most casinos have more than enough resources to meet any bet of yours.
The deal is about the correlation of maximum and minimum bets. So, in case the maximum is set at a $10000, the minimum bet will rarely be less than $250. The idea is to limit your double bets to certain number of times depending on the game. Usually you want be able to double more than 5 times. Otherwise your odd of winning become impermissible high.
In the Eighteenth century, Jacomo Casanova hit upon a method to win at gambling. Each time he lost, he would redouble his bet until he won. In letters he wrote to the friends, he discusses how his martingale system would guarantee his win every time. And mere two days later, he wrote a letter from prison. The scheme had failed -- and series of losses overcame his funds, and he was now in debt. In 1755, after suffering ruinous gambling losses and participating in various illegitimate dealings, Casanova was denounced by the Venetian State Inquisitors and imprisoned beneath the lead roofs of the Venetian Ducal Palace, in place known as the "Leads".
Flanery: Lack of casino gambling could be 'death by a thousand cuts' for ... - Louisville Business First
Gambling Myths: What You Absolutely Need to Know
Gambling is considered a game of luck and chance. As the outcome is usually unsure, there are various myths that surround the world of gambling.
The Secret of Pushing the Pass Line
Poker Aces - how to play them
Poker Aces refers to two aces dealt pre-flop. It is the strongest possible pre-flop hand in Texas Holdem Poker.
FSBO: For Sale By Owners - A Novel Fiction Work Preface
We are For Sale By Owners, "FSBOs." We spend our time trying to sell ourselves and others on what we are doing or what we want to believe.
Texas Holdem Tournament Strategy - Poker Tournament Fundamentals
This is the second in the Texas Holdem Strategy Series, focusing on no limit Texas Hold'em poker tournament play and associated strategies. In the first installment, we examined a real-world tournament scenario and how to handle a particular class of difficult players - the "maniacs", aggressive, wild players that are commonly encountered in today's poker tournament venues.
Gambling Interesting Facts
SoccerbettingIs there such thing as "kangtao" or surewin tips?I have seen alot of people debating over the issues of this "kangtao" or surewin tips. In actual fact there"IS" however very few.
Asian Gambling Basics
Gambling became popular in China in the last phase of the imperial dynasty i.e.
The Secret of Multiple Odds Tables
American Gambling Basics
Casinos have always been a destination for the wealthy and the famous, however, these days they are hoping to be a regular stopover. But the gambling cannot be confined to one spot.
Depositing Funds to Your Online Casino & Poker Room Account - The Best Options
Ways To DepositWhen I first wanted to start playing in online casinos and poker rooms, I thought it would be as easy as 123 to start playing - surely all you need to do is to download the software enter your credit card details and away you go?Well yes kind of, but you may already have seen there are a multitude of different payment and deposit methods available ranging from credit and debit cards right the way through to the good old snail mail check!There are a range of options but it is vitally important that you choose the right one otherwise your casino and poker play may not be as rewarding as you first think.Credit CardsHistorically credit cards have always been the first thing people think of when looking to deposit money - and why not - these days most of the major banks offer internet fraud protection and depositing via credit card is pretty instantaneous - so what is the problem - well there could be a few.
Slot Machines - Does Location Make a Difference?
Books have been written on this subject and the debates and arguments about where the "hot" machines are placed in a casino are still raging - 60 years after slots were first installed in casinos.The classic rule is that the best slots were placed just inside the door of the casino, so that people walking by would see jackpot winners and be enticed to come inside and play.
The Concept of Value in Sports Betting!
In sports betting you need to make sure that your bets (and trades) are good value in order to make a profit. If you do not do this you will still win bets but profits may be harder to achieve.
Offshore sportsbooks are also the result of many regulations the US government has imposed on gambling. Offshore sportsbook betting still have great opportunities.
World Series of Poker Mania
The popularity of the World Series of Poker gained tremendousmomentum from The Travel Channel's World Poker Tour showings. Although the event had been showing for a number of years on ESPN, when new technologies such as the table camera were used,television watchers began getting involved in the hands as they were being played.
The History of Poker Chips
Gaming chips have been made from a wide range of materials in an almost infinite variety of styles since the birth of gambling and the need to keep track of winnings. The most common material types used today in the manufacture of modern poker chips are plastic, clay composite, and acrylic composite.
Are you a poker player? Can't get the guys together but still want to play? Try online poker. You can play from the comfort of your home right on your computer.
Roulette System: Illegal Tactics Casino Use Against You
Roulette System: "The Almost Illegal Tactic Casinos Use Against You So They Win"This article is going to show you an evil tactic the casino and Las Vegas employsso you lose more and win less. Let's face it,you go to have some fun and win money.
Why No-Limit Poker is Better Than Limit
If you are a tight-aggressive player, you need to consider playing No-Limit Hold 'em if you aren't already. With proper play, not only can you expect to increase your hourly win rate, but you can make it much more difficult for your opponents to draw out on you.
Is Online Gambling Legal?
According to the Wire Act, one is not permitted to make use of a wire transmission for the purpose of placing a bet. The Wire Act clearly states that "Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both.
A Guide to Common Soccer Betting Terms
Accumulator.Sometimes called a parlay.
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