Author: OnlineGamblingDaily

Sometimes, I look at forums to see what kinds of questions people are asking about gambling in general. When I came across this question, I knew I had a doozy! A lot of people online are wondering, if gambling is all probability, then why aren’t mathematicians the richest people? Some of this is speculation, but it’s all speculation based on the cold-hard facts surrounding gambling and mathematicians. Keep reading to learn reasons why mathematicians aren’t the most wealthy. No Amount of Skill at Math Will Beat a Negative Expectation Game Most gambling games have a negative expectation. This is especially…

Blackjack is well-known as one of the best games for the player in the casino. Not everyone understands exactly what this means, though. When someone who knows what he’s talking about says that blackjack is the best game in the casino, he usually means that it has the lowest “house edge.” That’s a number that represents the casino’s mathematical advantage over the player. It’s expressed as a percentage, and the higher that percentage is, the more of an advantage the casino has. Games like slot machines generally have a house edge of 6% or higher, and roulette has a house…

After two months of legalized sports betting in Washington D.C., the numbers are in and they’re very underwhelming to say the least. From the end of May until the end of July, D.C. took in $1.2 million dollars in total handle which produced at meager $237,000 dollars in tax revenue. The current state of the gaming industry is concerning to all parties involved, which is why D.C. is quickly adding more sports betting opportunities to the region in the form of retail sportsbooks. As of now, these numbers released by the Washington D.C. Lottery are solely based on the lone…

Slot machines have never been the easiest games on your bankroll. They’re quite volatile due to their uneven payout structures and can put you through many dry spells. Even when you’re winning with slots, you’re not always winning. Losses disguised as wins (LDWs), which are wins that pay back less than your bet cost, come up too frequently. However, some distinction should be made between different types of slots when it comes to bankroll management purposes. Certain types of games are more abusive to your bankroll than others. That said, I’m going to cover several types of slots that will…

Edge sorting it is most commonly associated with baccarat. It became famous when gambling legend Phil Ivey made over $20 million with this technique at the baccarat tables. However, baccarat isn’t the only game that can be beaten through edge sorting. Blackjack is another game that’s susceptible to this advantage play (AP) method. Given that you can make profits through both baccarat and blackjack, you might wonder which game is more worth targeting. This guide discusses sorting edges in both games along with which is ultimately better for making profits. Basics of Edge Sorting Before I get into the differences…

You probably know plenty about the gambling scene in the US. You’ve likely either been to Vegas or a Native American casino at some point. And you have probably heard about the famous Monte Carlo Casino in Monaco. You might even know all about the booming Asian casino industry in Macau, the current gambling capital of the world. But ask yourself this, how familiar are you with casinos in Middle Eastern countries? Is it legal, and how does Islam treat gambling? This post aims to answer all those questions for those who may be uninformed. What Is Considered the Middle…

Social casinos are fairly different from traditional online casinos. They give you free chips and the option to buy more chips at a later time. Regular online casinos, in contrast, see you bet real money to win money. You’re normally taking a bigger risk with real-money gaming sites. However, I’m not saying that social casinos are extremely cheap either. You could find yourself tempted to reload on chips too many times. Therefore, you might want to adopt a bankroll management strategy when playing at social gaming sites. This guide discusses how you can better manage your funds in social gaming.…

On Monday, the Virginia Lottery released a full draft of regulations for their upcoming sports betting industry. This was done with the intentions of letting the public look over and comment on the regulations throughout the next few weeks. Although Virginia sports betting won’t be available until 2021, the state’s Lottery Board is doing everything they can to make this process as transparent as possible. A Range of Topics Covered These regulations are all found in a document that has been titled “Sports Bettor’s Bill of Rights” and is meant to cover consumer protections within the industry. This document also…

If I had a perfect formula for winning at slot machines, I wouldn’t have to write blog posts for a living. That doesn’t mean people don’t have strategies for winning at slots. Some of these strategies are better than others, but it’s important to be realistic about your chance of playing slot machines and then coming home a winner. Honestly, the odds aren’t good. You probably knew that, though. Casinos didn’t fill their floors with those machines because they were moneymakers for the players. Understanding Return to Player (RTP) in Slot Machine Games Slot machines make money for the casinos…

As a gambler, you’ve probably come across the term random number generator (RNG) once or twice. An RNG is a program that generates random number sequences. These sequences ensure that online casino games offer totally random results. Otherwise, gamblers might be able to take advantage of casinos by predicting the pattern of results. On the other side, players won’t get complete randomness over time. One term that doesn’t come up in online gaming much, though, is a pseudorandom number generator (PRNG). A PRNG differs slightly from an RNG in that it’s only used at specific types of online casino sites.…

On Sunday, August 16th, NASCAR returns to Daytona for the Go Bowling 235. However, this isn’t your typical speedway racing. Instead, NASCAR is racing on the Daytona Road Course for the first time in the Cup Series history. The Go Bowling 235 marks the 23rd race of the 2020 season. With just four weeks left until the Playoffs, drivers have ramped up their horsepower and intensity in order to clinch a postseason birth. Last weekend, Kevin Harvick showed the rest of the field why he’s the best driver in 2020. Harvick made history by sweeping both races at Michigan and…

The online gambling industry is in the midst of a huge boom, with an increasing number of operators moving into the sector over the past few years. Experts have predicted that annual revenues are likely to reach $60 billion by the end of 2020 and should continue to rise at a rapid rate over the coming years. Online casino games have contributed massively to the growth, with players eager to try their hand at blackjack, poker, roulette and more. Slot games are also hugely popular, particularly amongst new players, so read on as we assess why this is the case.…

Oh, Canada… Okay, I won’t serenade you with the Canadian anthem. Canada’s history of gambling is as long as its famously cold winters. It’s legal, now it’s not, now it’s kind of legal, as so on. Our neighbors to the north have a vibrant gambling culture. They have the big flashy casinos and some quirkier traditions and games that we don’t have here in the United States. The Canadian gambling market is estimated to be worth around $44 billion (Canadian dollars) and is projected to keep its 300% year over year growth. I have played at a couple of Canadian…

The weather might finally be cooling off in the UK, but the action heats up at Pontefract today with the Listed EBF Highfield Farm Flying Fillies’ Stakes the pick of the action from West Yorkshire. Here are our latest set of racing tips… PONTEFRACT RACING TIPS 14:20 – Phuket Power – 11/2 >> Looks to have plenty in the tank to be in the shake-up here after notching a decent third at Leicester last time out. Favourable draw adds to claims. 14:50 – Burmese Waltz – 4/1 >> Could have the fancy footwork to take the day’s Listed race after…

O n a pro forma basis, including the effect of the Company’s business combination with SBTech (Global) Limited and Diamond Eagle Acquisition Corp. as if it had been completed on January 1, 2019, revenue would have been $75 million in the second quarter of 2020, compared to $83 million during the same period in 2019. DraftKings ended the second quarter of 2020 with over $1.2 billion in cash and no debt on its balance sheet. “We believe that the best product will ultimately win with the American consumer,” said Jason Robins, DraftKings Co-Founder, CEO and Chairman of the Board. “As…

The BGC welcomed the “belated” reopening but said difficult days lie ahead for the industry C asinos will be allowed to reopen in England from Saturday, August 15 as the UK Government resumes its easing of lockdown restrictions. Casinos were set to reopen on August 1 in England, along with bowling alleys and ice skating rinks, which are now also allowed to open, but the lifting of restrictions was put on hold for two weeks amid a spike in coronavirus cases at the time. The Betting and Gaming Council (BGC) said the announcement is “belated good news” and a “welcome…