Sports trading tips from professional Betfair trader

If you’re interested in learning to trade successfully in sports, then why not visit the Crystall Ball website, where we have more detailed information? So I thought I would follow up with the video that I did at the weekend because I was talking about how Cheltenham went and how you’d have to adjust to the new state of the markets as we moved in to a different sort of racing. So what I did on Monday was: I traded the card in sort of the manner in which I would expect I didn’t go massively aggressive. I went very cautious and actively traded it in the way that I was expressing within the video so that you can actually see what the results look like. So how did it go? What I went?

Okay, actually, I traded 19 races overall and I lost on three of those, but I was able to contain the losses on those two quite tight numbers, and I did okay on all of the rest of the races on 16 out of 19, so had a strike Rate of about 85 % now, as I’ve said in a number of videos, I’m quite likely to get a strike rate where I get sort of seven or eight out of ten right and I’ll lose on the others, and that’s sort of the natural progression that I’ve Seen over a very large number of years, so that was sort of about where I expected, but actually probably slightly higher. I would have expected on sort of 20 races, maybe to lose four or five races, and the fact is that I actually managed to do a little bit better on that front. If you look at the average amount one as well, you can see that I’ve won on average a reasonable amount and I think the average win per race was around 14. I may have to stand corrected on that, but you can have a look at the stats and work it out for yourself, but my average loss was absolutely tiny and that’s typically not that unusual for me, although I have to say that when I was doing it On Monday, I knew that I was going to post a video about it, so I was probably a little bit more cautious and then I would typically trade, because when I’m at Chatham it’s all about throwing as much money market as I possibly can and when we’re In these other markets, then I tend to be a little bit more defensive, but because I knew I was going to record a video on it and I was going to publish the results.

I was extra defensive, so I probably could have maybe made a bit more money if I would have traded it more aggressively, but I didn’t I was sort of just trying to go for a nice neat result effectively. So it’s funny because even I suffer from performance, anxiety and everybody suffers from performance anxiety, especially England. Football is when they’re about to take a penalty, but I was still able to trade very effectively, but maybe I could have probably pushed a little bit harder and I would have got some bigger results. But I probably would have got a few more losses as well. But as it was as the day progressed, I just kept things neat and tidy, so probably my bad for not pushing as hard as possible, but hopefully will give you an illustration as to sort of what you expect to see.

Typically, I would have expected a more losses, be them to be slightly bigger, but on this particular day I was reading the market pretty well and slotted into the zone fairly quickly and was able to find reasonable entry points in most of the markets. And that’s what accounts for the lack of losses and also the size of them, which of which being very small but typically, as you saw in the other video, that’s normally not the case and I’m guessing. I was influenced by what I wanted the outcome to be so yeah necessarily. You can see that it’s handing out pretty much the way that I indicated that it would do in the previous video. Now I know on the previous video I used some old results to show you, because I thought that that would be relatable to what you would probably be trying to do in the market using smaller stakes and trading in that sort of particular manner.

But when I was thinking about it at the weekend, I was thinking well. You know it would be a good idea if I just posted it up exactly what happened on Monday and you can see it there, but generally what you’re looking at when you’re trading is three different things you’re looking at your strike rate you’re. Looking at how much you win and how much you lose and you’re sort of thinking? Well, isn’t that, like just one trade?

Well, typically, not because if your strike rate is very high, then it’s possible that when you actually win you can win much less than you lose. I know that sounds a little bit odd, but but it’s true basically the higher your strike rate is. Then you don’t have to go for as much profit and when you get losses they can be a little bit bigger as well, but if your strike rate comes all the way down, then that equation there changes all over the place. So typically, you know the perfect scenario would be very high strike rate. When you win, you win dis, new mats.

When you lose, you lose almost nothing, which is what I managed to achieve on Monday. But that’s not the norm. The norm is our balance between all of those three things.

So when I’m looking at record-keeping, that’s what I tend to monitor all of the time, I’m looking at. How often do I win when I win? How much do I win and then that itself will actually tell me how much I can afford to lose and that’s pretty much where I started trading, but when I started trading I was doing it the other way around I’d go into the market, throw some money Around see how much I lost and then work out what I needed to do to win, so I would go into the market and actively trade. It figure out what my my general loss was, and I think I’m like. If I’m losing this much, then I need to win this much on average and my strike rate has to be around here, so the strike rate is generally defined and when I mentioned strike rates, it’s the percentage of trades that you win against the percentage that you Lose but what I’m talking about when we talk about strike rate, it’s predominantly defined by how good you are picking positions within the market, but you’ll be surprised because some of its dependent upon the level of trade.

So if I go in – and I scalp a market, for example, I’ll get a very high strike rate, so you know – and that’s because the market moves in small bumpy lines basically and therefore, if you put two orders in you’re gon na get both of them filled Reasonably quickly and you will get them filled with a high strike rate. So if you go for a move, that’s less than 5 ticks, for example, your strike rate should be generally high unless, if you’re actually cutting out that position very quickly, because then what happens is then you negate that immediately by. I hope by lowering your strike rate by cutting out the position too quickly before it’s matured for a profit. So when scalping you’re going for a one, tick, profit and you’ll probably get that quite frequently.

But if you’re going for a larger move and then the larger the move you go for, your strike rate will fall, but the amount of profit they get from that route will be quite high, so it will offset losses that you make when you get that wrong. So, typically, if you’re scalping, he wants to put a trade in the market, you have a very high strike rate but you’re limiting your potential profits to one so that effectively frames the amount of profit that you can afford to lose. So scalping becomes entirely strike rate dependent.

However, if you’re doing a large trend or a swing trade and what you’ll typically find is that you’re going to have a very, very large move and your strike rate could be a little bit lower. But when you get into one of those trades – and you realize that it’s a mistake, if you dump that position reasonably quickly, then your strike rate will go down. But when you catch those big moves as long as you’re getting into the market at a moment when those big moves are likely to occur, then that will more than offset your lower strike rate and the more frequent losses that you’re getting so there’s a saying in The stock market, which is cut your losses and let your profits run that’s a strategy.

You would necessarily apply if you’re trying to catch a large move within the market, but yeah strike rate can be defined quite a bit by how much money you’re asking for. If you’re asking for one tick, his strike rate is going to be high. But if your should be high, because if it’s not high enough you’re, not gon na make money. But when you’re looking over a much much bigger move, you can afford for your strike rate, to be a little bit lower. But for your losses are going to dwarf the amount of times that you get it wrong because you go into the market, you realize you made a mistake and you dump it and then you try again and then eventually the move occurs.

So yeah wait. The successful trading is all about the combination of lows, all those things. So what I do is I go into the exchange that I’m using I’ll download a spreadsheet of all of my activity over that particular day and then I’ll arrange that spreadsheet in such a manner that it has. How often I won how much I want when I did win and how much I lost when I, when I eventually lost – and that gives you you know how you’re operating within the market. So if any of those numbers are out of kilter, then you know what you have to address if your losses are too big and probably you’re not getting into the market at the right time or you’re, letting those losses run for too long, if your losses are Small and your strike rates reasonable, but you’re not really making much.

Then you probably need to let those trades run a little bit further. So it’s the interaction between strike rate and the win and lost value that defines whether you’re trading successfully or not. But if you don’t keep any notes, then you’ll never know. What’S generally going wrong, you know, as your strike rate, only 30 %. Is it 70 % and how much you’re winning in proportion, how much you’re losing that will guide you in terms of what you needs to adjust in your particular trading? So you can see when I trade it.

On Monday, I traded 19 races. I skipped a few of them because that was the easiest way to avoid a loss. I just looked at them and nothing sort of registered up here. They just I couldn’t see an opportunity, so I just skipped over them and that can be for any reason.

You could be in a market that you recognize, but nothing happens or you could just look at the market and say well, I don’t know what’s happening and therefore the best thing to do is to avoid it too many people get involved in a trade simply because They want to make some money and they don’t think through whether there is an opportunity to do something there or not so yeah. If you look at what I did a Monday, that’s typically what I’ll sort of be doing around you know that the weaker parts of the card and the weaker parts of the week at certain times of the year, but as the quality improves, then I get a Little bit more aggressive and those numbers begin to right. That’S a rice, so I do increase the low my steak according to what I expect to see according to how I expected to trade and exactly what I’m trading and you can see that in comparison to what I was doing at Cheltenham last week. You know it’s a it’s a dramatic change, but there’s no way I could do what I did a chart them last week and if I did what I’m doing now at Cheltenham, then I wouldn’t earn II.

Think so I have to flex in and out of that over the course Thea. But the fact is that P & L from Monday is what’s going to make up 80 % of the year and the remaining 20 % will be much bigger opportunities at bigger events. On bigger days, at bigger races and so on, so I hope that that’s given you an insight as to how you’re likely to trade and what you’re likely to see and how trading in a week like this week and how trading on Monday was very different from How I traded.


An Interesting Play

Lesson of the day is its easy to blame the “poker gods” for bad luck but when its bad play that costs you a stack, don’t blame something else. Take responsibility for your own actions and realize that you just screwed up and don’t make the same mistake again.

So I wind up doing well on the night and wound up finally on a limit table as well won 20 bets in the 3-6 game and wasn’t even paying attention to it. Maybe I ought to pay less attention and I’ll play better LHE? Or maybe I finally found the best website? Who knows.

River 8h
Well, that sure was the yahtzee card. Now its a question of if he was trapping me or not. or how much will he call with a big king. My turn check screamed weakness and maybe if I bet a decent amount, it will seem like a bluff as it looks weak of him to check the turn. I decide a bet of $20.00 seems about right to get a call. He raises all in. Not much decision with the third nut hand and I really can’t see KK or 22 being in play here and if they are, hats off. I call.

He shows A9s for his stack and proceeds to complain about his rotten luck. (not the horrible play to check the turn to allow me to get a free shot at my 4 outer) So it goes like this I put my money in PF with the best hand, on the flop with the best hand, no money on the turn when I had the worst hand and all the rest of the money in on the river when I had the best hand. All in all played expertly from start to finish (but you can be the judge of that). And realize that the free card you give may be the one that breaks you if you’re not careful.

Flop 766 rainbow.
Tight player looks at his chips, looks at me and checks. I bet 20. He thinks (total acting job) he’s thinking whether or not to raise me here or later. He smooth calls.

River 3h
He leads for $100.00
Well, I called the turn i certainly can’t fold on the river for $100.00. Its a bit less than pot size, and if he has the case, so be it. I call. Opponent turns over Js 5s. Interesting play.


Bingo terms

Admission Packet – A minimum number of cards that you must purchase as the price of admission. Typically you must purchase an Admission Packet, which usually contains three to six card for every regular game, and may also contain some special games. Exactly what is part of the Admission Packet varies from hall to hall.

Bingo Board – A display board, usually electronic that lights up showing each number as it is called.

Bingo Card – A card containing 24 numbered spaces and one free space (blank), with which you play BINGO. The numbers are assigned at random on each card and are arranged in five columns of five numbers each by five rows (5 x 5 = 25 in total including the blank square). The numbers in the B column are between 1 and 15, in the I column between 16 and 30, in the N column (containing four numbers and the free space) between 31 and 45, in the G column between 46 and 60, and in the O column between 61 and 75. Players have thousands of unique (unduplicated) cards to choose from. Some manufacturers print unduplicated series of 6,000 cards. There are also series of 9,000 cards available. Hard cards and Flimsy cards have a series number printed on them. For example, card number 1252 will always have the same numbers in the same spaces.

Blower – A forced-air device that mixes the bingo balls and dispenses them to the caller who announces the number and displays it on a bingo board.

Bonanza Bingo – A progressive coverall Jackpot that is usually played as the 13th game of the session. Forty-five numbers are drawn before the session and players mark them on separate cards and set aside. There is an additional fee to play this game, usually $1. The countdown begins at 48 numbers or less and go up one number per week to 52 numbers or until won. The amount of the jackpot is determined by card sales for that game.

Buy-in – Buying bingo cards or an Admission Packet (see above). Converting cash into bingo cards.

Caller – The person who calls out the bingo numbers.

Chat Room – A handy monitor or screen where you can read and exchange messages with other players.

Consolation Prize – The prize or prizes offered on some special games if there is no winner in a predetermined number of calls.

Coverall – (Also Blackout) A pattern where you must cover the whole card to win.

Dauber – Bingo dauber is ink-filled bottle/pen with a foam tip on it used to mark called numbers. When you touch the bingo card with the foam tip it marks the square.

Early Bird Game – A bingo game that starts earlier than another regularly scheduled game.

Flimsy, Flimsies – Bingo cards printed on thin sheets of paper. There are usually three cards printed on a single sheet but flimsies are also printed in one, two, four, six or 9-card formats. Typically a flimsy sheet costs one or two dollars and a win on a flimsy on a special game usually pays quite a bit more than a win on a regular game. Also called ‘Throwaways’ in some areas.

Free Space – The center square of the card, which does not have a number assigned to it. It’s like a Joker or a Wild square. You get it free every game and it counts towards your winning pattern.

Game Board, Gameboard – An electronic display that is attached to the bingo board to show the pattern needed to win that particular game. It looks like a bingo card and shows what variation of bingo you are playing on that particular game on the program. For example: four corners, chevron, regular, blackout, etc.

Game Room – Some online games divide the players into game rooms.

G.T.I., T.E.D. – An electronic dauber system used to play multiple packs at once. These usually require a rental fee and only one is allowed per player.

Hard Card – A bingo card printed on heavy cardboard material usually with shutters to cover each number as it is called out.

Hardway Bingo (Hard-way Bingo) – Bingo in a straight line without the use of the free space.

House – A casino or gambling center/centre or a gambling hall/property. Also the property owners or the operators of a gambling game, such as Bingo.

Jackpot – A big prize usually awarded for achieving a difficult pattern, such as a blackout, within a specified number of balls.

Lucky Jar (or Cookie Jar) – A container with cash. You win the contents of the lucky jar if you bingo on the lucky number. The lucky number is usually the first number called at the beginning of a session. Money is added to the jar every time the lucky number is called or if the caller makes a mistake in announcing the game. Usually you can win the lucky jar only on regular games. There is no lucky number in play on special throw-away games.

Minimum Buy-in – The least amount you must spend to be eligible for prizes.

Moonlight Bingo – Session of bingo that starts late at night, usually about 10:00 pm.

Money Ball – A number drawn before the game that will double a player’s winnings if bingo is hit on that number.

Multiple Winners – Two or more players bingo at the same time. When this happens, the cash prize is divided among them. For example, if there are five winners on a $500 game, they each receive $100.

On – A player is said to be On when one or more cards they are playing lacks only one number for a bingo.

On The Way – The game played on the way to the blackout game. It is played prior to the blackout on the same card. First the preliminary game(s) are played and then more numbers are called until there is a blackout.

Pattern – The shape you need to cover on your card with called out numbers, usually it is in a straight line; horizontal, vertical and diagonal.

Payout – The percentage of sales paid out by the House. The average payout among all bingo halls is approximately 75 percent. This compares with a payout of approximately 45 percent on state lottery games.

Postage Stamp Pattern – Matching four numbers to form a postage stamp (a 2 x 2 grid) in any of the four corners.

Progressive Jackpot – A Jackpot that gets bigger until it is won. It builds daily, weekly, or monthly if it is not won in a specific number of calls. If there is no winner in X number of calls, consolation prize(s) of lesser dollar amounts are paid. Different variations of progressive games add dollars or numbers, or both, to the jackpot. There is usually a separate buy-in for Progressive Jackpot games.

Rainbow Pack – A paper pack that allows players to play for three or four different prize denominations at once.

Reno Night – An evening of casino games like blackjack and roulette. These are sometimes held in bingo halls but more often in restaurants and hotels, Eagles & Elks clubs and other fraternal organizations.

Session – An entire evening or daytime program of bingo consisting of regular games usually played on hard cards and special games played on throwaways, flimsies or paper sheets. A session usually lasts somewhere between two and a half hours and three hours and 15 minutes.

Six-pack, Nine-pack – Six or nine numbers in a block on one card.

Special – Games that usually are played with a different set of cards than the pack purchased at admission.

Speed Bingo – A variation of regular bingo. Numbers are called very quickly and you can bingo in as few as three numbers. Usually played before or after a regular session.

Speed Game – A coverall that is called very quickly. It is sold as a special game one card at a time.

Split Pot – A bingo game in which the winner splits the sales of the game (the pot) with the bingo hall or House. For example, the winner might get 60 percent of the sales and the .0. would keep forty percent.

T.E.D., G.T.I. – An electronic dauber system used to play multiple packs at once. These usually require a rental fee and only one is allowed per player.

Texas Blackout – A variation of bingo. The first number called will be either odd or even. If the first number called is Even then all the even numbers on all your cards are Wild (Jokers). Cover all the even numbers. If the first number called is Odd, cover all the odd numbers. The game then proceeds to a blackout.

Throwaways – See Flimsies above.

Validation – Eligibility required to win additional jackpot amounts. Price varies by number of cards played.

Wild Number – Usually played on a double bingo that leads into a triple bingo. The first number out of the hopper determines the wild number; for example, if 42 is drawn, all numbers ending in 2 should be marked off.

Wrap Up – The name of the last game of a session.


Enjoy Free Playing Casino Games

In general, the online casinos that accept paysafecard will usually require the players to deposit certain amount of money at the beginning of the game. This money is usually called the playing deposit which is then used by the casino to reward the players who win the game and to settle the payments to its staffs and so on. In the modern times, one could come over the “online casinos that accept paysafecard” where these kinds of deposits are not required. Now one may think like how this methodology works and is profitable to the people who are doing the online casino business. There are a lot of people who are interested to play casino at least once in their life time but they may also have fear about the risk involved in it i.e., losing money in case if they did not win the game. So, for these kinds of people, the solution that is given by the betting sites is the bonus codes. There are different kinds of online casinos that accept paysafecard that could offer you the bonus codes, one among such are the paf bonus code which can be used by any new beginners as well as the seasonal players to get the bonuses.

How does this work?

The process of using and even getting the bonus codes is very simple; if a gambler click on the game which he would like to play then he need to download the codes that are required for the game and need to enter that in the section where you find “enter the bonus code”.

casino games

That’s it; you will get the free bonuses and no deposit offer from the betting site. The payment will be transferred at once to your account or within a minimum of 24 hours. Another feature of these bonus codes is that one can even avail the 100% free deposit during the playing. These codes are used as the real money in betting and one can enjoy the best ever gambling in online casinos that accept paysafecard. In the case of bonus code the player can receive up to 300 free spins, in order to take part in this, all you have to do is to register yourself on the site. Then go to the betting area where you have to set any amount as a bet and once you are done you will be given the link, now enjoy the free bonus. Some kinds of bonus codes come with terms and conditions, therefore one may have to read to know more.


Pokerbility: A ‘Must-Have’ for Online Poker Players Big and Small

Can’t decide when to fold? Wondering if the hand you’re holding is really strong or not? Wish you knew all the odds before making that bet? Well, get ready to make game-play questions like these and other poker-related queries a thing of the past. Fast-paced Texas Hold’em online poker games are about to become easier for all of us to negotiate. A new software package from Pokerbility makes it simpler than ever to keep up with every hand and make informed and sound decisions. With these new amazing tools at your disposal, get ready to learn more and win more often each time you sit down at the table.

The 10 Gambling Commandments

Thou shall expect to lose.
Thou shall know thy local law
Thou shall trust the odds
Thou shall not bet more than one can afford
Thou shall not believe in ‘betting systems’
Thou shall play to win
Thou shall exhibit good gambling etiquette.
Thou shall seek out the best rules
Thou shall not hedge bets or make side bets
Thou shall tip.

I. Thou shall expect to lose.
Even playing smart and employing solid strategies won’t prevent all of the odds from remaining in the online casino’s favor. Expecting to win ALL the time will only lead to frustration and ultimately, bad moves. Remember, take the bad with the good and consider losses as a necessary part of the experience.

II. Thou shall know thy local law
Unfortunately, online casino gambling isn’t legal in all places; check out the legality of online casino activity for your country, state, province, or region before playing.

III. Thou shall trust the odds
Remember, mathematical strategies are successful for a reason and online casino games are developed based on probabilities and percentages. Successful players, especially those who maintain their success for long periods of time, aren’t the ‘luckiest’ people around. A solid grasp of the odds and probabilities will bring far more success than any misplaced reliance on ‘luck’.

IV. Thou shall not bet more than one can afford
Online casino gambling should be enjoyable. However, there’s no enjoyment in losing money that should’ve been spent on necessities. Decide on an amount that you can afford and stick to you self-imposed limit.

V. Thou shall not believe in ‘betting systems’
Strategies based on mathematics and probabilities will serve you far better than any ‘betting systems’ developed by some local know-it-all. If it sounds too good to be true, it probably is. Stick to proven strategies and stay away from unproven schemes.

VI. Thou shall play to win
Playing online affords you the opportunity to take your time. Take advantage of this occasion to formulate sound decisions. THINK about what move you’d like to make. Then, after your decisions become second-nature, you’ll be better prepared for your next visit to Vegas!

VII. Thou shall exhibit good gambling etiquette.
The experience is more enjoyable for everyone when players exhibit good gambling etiquette. Be polite and respect other players whether playing online or at a live casino. Visit our section on gambling etiquette for more information.

VIII. Thou shall seek out the best rules
Each casino has different rules for each game and often offers the same game(s) under various sets of rules. Always look for the games with rules best suited to your preferences and your advantage.

IX. Thou shall not hedge bets or make side bets
Generally speaking, these types of bets are for suckers and the House gains a serious edge. Avoid the temptation to buy insurance, place bets on the side, etc.

X. Thou shall tip.
Although this doesn’t apply to online gambling, we’ve included it because it remains an important aspect of gambling and unfortunately, people need to be reminded of it. Remember, dealers in casinos generally only make minimum wage and rely on tips. If you receive good service (regardless of whether you’re winning or losing – it’s not the dealer’s fault!) tip the dealer and consider it a donation to lady luck!


Common Blackjack Mistakes

In Blackjack, having good strategy for blackjack players is vital if you want to maximize your chance of winning. Without a solid understanding of basic strategy, you are essentially throwing your money away. Although it’s not always easy to remember exactly how to act in every situation, there are a number of repeated blackjack players’ mistakes which we see on almost a daily basis. Most of these errors are committed by amateurs, but even the most seasoned pro can make mental blunders in Blackjack. In this article, we wish to highlight some of these critical errors, not only in strategy of blackjack players but other areas as well. If you keep these suggestions in mind when you sit down to play, you will give yourself more opportunities to walk away happy, and more importantly, with something in your pocket.

Strategic Mistakes

Doubling for less. When a blackjack player has the option of doubling-down, he is essentially making a trade-off with the house. In exchange for the chance to double your wager when you are the clear favorite to win the hand, you sacrifice the option of taking multiple hits. Of course, this lowers your chances of winning by several percentage points, but you also gain the chance of winning a lot more money. Often we see people who are in a great position to double-down, but for varying reasons, they only continue with a fraction of the initial bet. Recently we observed a player who, while playing on a $100 table, was dealt an Ace to the dealer’s 8. He decided – for reasons unbeknownst to us, but we assume because the thought of putting down another $100 was too risky – to throw in an additional $10. Typically, he caught a deuce and was forced to stand on 13, after which he remarked, “Good thing I didn’t double the whole thing”. Granted, in this instance he was fortunate, but over the long run he loses money. Basic blackjack strategy tells you to double-down on 11, and half-stepping with a reduced double is contrary to the whole point of doubling-down. Furthermore, if the thought of putting another $100 even when you are sitting on an Ace is too daunting then you shouldn’t be at a $100 table in the first place.

Standing on a 12 against a dealer’s 2 or 3. Most blackjack players who do this cite the chance of busting as the reason for this. Why, they think, should I take the chance when the dealer is in a poor position also? The reason is that your position is worse. Although you will lose more hands than you’ll win regardless of what you do, the negative expectation is higher for you. Since you will only bust when you draw a 10, you have a 9 out of 13 chance that you will actually survive the hit. However you choose to look at it, it’s a losing hand, but if you hit you will end up saving somewhere around 2 – 5% of the money wagered, compared to when you stand.

Standing on a pair of 9’s against a dealer’s 9. I see this one all the time and it still baffles me. I know it seems risky to split your 9’s in this case but, believe it or not, you will save money in the long run. When you stand on 18 and the dealer holds a 9, you will often lose when the dealer catches a 10. If you split you will often push, and sometimes do better. Of course, you will occasionally lose both hands when you split those 9’s, but in the long run – again with the long run! – you will save approximately 8% of the money wagered, as opposed to when you stand.

Those were a few of the mistakes which we see again and again, all of which can be corrected to improve your game in the long run. Check back often for more articles on this subject. We hope you found these suggestions useful.


Jokes, Quotes and Fun about Casino

Joke 1

Two dog owners were bragging about the intelligence of their pets.

“The brightest dog I ever had,” said one, “was a Great Dane that could play cards. He was a whiz at poker, but I had him put to sleep.”

“You had him put to sleep, a bright dog like that? A dog like that would be worth a million dollars.”

“Had to,” the man replied. “Caught him using marked cards!”

Joke 2

A man walks into a bar and notices a poker game at the far table. Upon taking a closer look he sees a dog sitting at the table. This piques his curiosity, so he walks closer and sees cards and chips in front of the dog.

The next hand is dealt and cards are dealt to the dog just like everybody else. The dog acts in turn with all of the other players: calling, raising, discarding, and doing everything that the human players are doing.

Oddly, none of the other players seems to pay any mind to the fact that they are playing with a dog. They treat him just like any other player.

Finally, the man can no longer contain his curiosity, so between hands he says quietly to one of the human players, “I can’t believe that dog is playing poker! He must be the smartest dog in the world!”

The player smiles and says, “He’s not that smart. Every time he gets a good hand he wags his tail.”

Joke 3

A little old lady goes into the Chase Manhattan Bank and says she wants to open a savings account. The accounts person asks her how much she would like to deposit to open the account and the little old lady says, “Three million dollars.”

The accounts person is startled and says, “In what form?”

The little old lady says, “Cash. I’ve got it here in this bag…” The accounts person looks and, sure enough, the lady has a big grocery bag full of green stuff with big denominations.

This is a highly unusual event, and the accounts person excuses herself to get the president of the bank to handle the situation. He arrives, and escorts the little old lady to his office to handle it personally. Once in his office, he asks the little old lady where she got so much money.

She says, “Gambling.”

“Gambling?” he says. “What sort of gambling?”

“Oh, I make bets with people on all sorts of things, and I usually win. For example, I’ve got $100,000 right here that says that by noon tomorrow your balls will be square, and I’ll even give you 4:1 odds. You got $25,000 you’d be willing to wager on that?”

The bank president is shocked at this sort of thing coming from a sweet little old lady, but he didn’t get to be the president of the Chase Manhattan Bank without knowing something about money. “I suppose I could come up with enough to cover that sort of wager, but I wouldn’t feel right taking it from you…there’s no way you can win a bet like that!”

The little old lady just shakes the bag and says, “I know what I’m doing…and I can afford to lose, even though I’m not going to. Is it a bet?”

“OK, have it your way,” says the president, and they shake hands.

“See you at 11:55 tomorrow morning,” says the little old lady, and with that she leaves.

Next morning at 11:55 the little old lady arrives with a younger man in a three-piece suit, and is escorted to the bank president’s office. The president is a nervous wreck, though a happy one. He’d gotten almost no sleep the night before, waking every few minutes to feel his balls to check for impending squareness, but nothing happened all night. He’d checked hundreds of times that morning, but still nothing: his balls were perfectly normal.

When the little old lady arrives he starts to relax, knowing he had won the bet.

“Come in, please, and have a seat! Who might this gentleman be?” says the president.

“He’s my lawyer. For a bet of this size I want to have a witness. Any objections?”

“No, perfectly understandable,” says the president. “Well, it’s now noon, and I’m still unchanged, so I guess I win!” he says happily.

“Not so fast!” says the little old lady. “For a hundred grand I want to verify things personally! Please drop your pants.”

The bank president is a bit flustered, but agrees that in her position he’d want proof as well, so he drops his pants. The little old lady goes over to him and reaches out to feel the organs in question.

“OK, you win, here’s your $100,000,” says the little old lady, handing over a bag of bills. As soon as she does so, her lawyer starts banging his head against the wall and moaning.

“What’s wrong with him?” asks the bank president.

“Oh, he’s just upset. Poor loser if you ask me. You see, I had a bet for $1,000,000 with him that I would have the President of the Chase Manhattan Bank by the balls by noon today.”


Sociology & Gambling

Gambling and Society

Where, or how, does gambling fit into Society? Should it be legal? Should it be outlawed entirely? Should it be limited to only certain activities? The answers to these questions depend in large part upon how ‘gambling’ is regarded by the state and its population.

Traditionally, gambling has been regarded by politicians and religious leaders as a dangerous activity that fosters deterioration in work ethic(s) and encourages people to adopt a ‘get something for nothing’ attitude. Out of concern for their constituencies, leaders in most countries have developed laws and guidelines to ensure that gambling is either: prohibited entirely; limited to certain activities; or at least regulated to prevent major losses and keep out criminal elements.

Some states and localities adopt their own interpretations of the activity and make laws accordingly (ex. Las Vegas and the State of Nevada – legal outright; Atlantic City – legalized casino gambling; numerous other States in the US – presence of horse racing and/or lotteries). Furthermore, even when States or governments have outlawed the activity altogether, people have continued to gamble ‘underground’ or illegally and most law enforcement officials do little to crack down on such illegal activity especially if the populations in the area don’t call or press for it. In other words, a people’s view on the activity largely determines not only the formal type of response the government will take but also its informal application of the law. And, in some cases, populations actually desire and demand at least a certain level of gambling possibilities in their area(s).


Next Big Thing: Multiplayer Blackjack Tournaments

As most casual observers have probably noticed, poker tournaments, both online and land-based varieties, have surged in popularity over the last few years. Whether daily events in online poker rooms, weekly televised tournaments with celebrities, or the mega-famous WSOP, poker tournaments and the attraction to them has become a virtual mainstay in the gambling community. Now, some people are trying to replicate the success of these tournaments by expanding the tournament structure to Blackjack.