Featured Articles Archive - Page 496

Deal Me In: The quicksand known as Gambler's Fallacy

Dear Mark: I know you don't believe in the doubling up theory after a loss in blackjack, but after I have seven or eight losses in a row, wouldn't betting more be warranted, if not just for the due factor? Jim K. Your compass is off, Jim, if it reliably shows your viewpoint regarding sequences in gambling...read more

Casino titans see net worth plummet

LAS VEGAS, Nevada -- The economy has crushed the net worth of some of the gaming industry's titans. No one, however, is crying poor. The annual Forbes 400 list of the richest Americans for 2009 was released this week and casino luminaries, such as MGM Mirage majority shareholder Kirk Kerkorian and Las Vegas Sands Corp...read more

New 'Pot-Limit Omaha' focuses on game for every level player

More than 25 years ago, the great Bill Boyd, considered one of the great five-card stud players ever, brought the game of Omaha to Las Vegas. Boyd enthusiastically explained the game to me and many others, but it was a while before it caught on...read more

Strip gaming stocks soar in September

LAS VEGAS, Nevada -- Strip gaming stocks in September continued a climb out of oblivion that began in August. Last month, some casino operators and slot machine manufacturers saw their average daily share prices reach levels investors had not seen in more than a year. Share prices for MGM Mirage and Las Vegas Sands Corp...read more

Heard it on the river: Beware of counterfeits

Casino operators… beware of counterfeit bills which are apparently seeping into Mississippi and are said to be quite good copies of the real thing. The bogus bills are also showing up in ATLANTIC CITY. Counter measures are in the works. Stay tuned for more on this story. There is nothing counterfeit about DANCING RABBIT GOLF CLUB at PEARL RIVER RESORT where the CHOCTAWS have kept the layout in top shape since it opened and the courses there got a lot of praise from many of the young pros playing in the recent NGA HOOTERS tournament...read more

Study says schools lack gambling policy

LAS VEGAS, Nevada -- Colleges and universities need to attack campus gambling problems in the same manner they confront the issue of alcohol abuse, a national gambling task force recommended in a study released Tuesday. Nearly 80 percent of all schools do not have a written policy concerning gambling abuse, according to the Task Force of College Gambling Policies...read more

Top-10 final table tips for this year's November Nine

When the World Series of Poker made the decision to move the Main Event final table to November last year, it changed the dynamic of the entire tournament. The final table participants now had to go through a four-month pause in which they had to deal with interview requests and ESPN cameras poking into their personal lives...read more

Playing It Smart: Double-or-nothing bonus bets with no edge

Some slot machines can be found with double-or-nothing bonus bets. These games give gamblers opportunities to wager returns they've just received, on 50-50 propositions yielding even money. Players can therefore double their previous payouts, or lose them, by making "fair" bets those on which the house has no edge...read more

Denials by MGM's Kerkorian challenged

LAS VEGAS, Nevada -- A federal judge in Los Angeles believes MGM Mirage majority shareholder Kirk Kerkorian knew a now-convicted Hollywood private eye was illegally wiretapping his ex-wife during their child custody dispute. However, it doesn't appear that Kerkorian, a 92-year-old Los Angeles billionaire who was never charged in the case, will face criminal prosecution. The statements were part of a 2008 order issued by U.S...read more

Deal Me In: Multi-line/multi-coin slots welcome all wallets

Dear Mark: I like to play multiple line slot machines in AC, but it seems the amount I bring to the casino does not lend itself to these type machines. I am a 25-cent machine player with usually $200 to play with for four hours. I seem to run out of money before the four hours elapse, so my question is, is the amount I bring large enough, or am I playing the wrong machines? Rachel B. What you failed to mention, Rachel, is just how many coins we're talking about per spin? Five, nine, 50? It makes a big, big difference. Now, if you were a typical slot player on a 3-coin quarter machine, pushing the spin button every 10 seconds, wagering 75 cents per push, you'd be betting $4.50 a minute, or $270 an hour...read more