Online Blackjack Players

Blackjack is encircled by hundreds of myths. Although the game has been popular all over the world, here are some of the more well-known Blackjack myths.

Myth #1: It’s a game based on your luck

Make yourself clear that Blackjack is not a game of luck. This has been the biggest Blackjack myth of all. Infact, it is the only casino game where the player can get an edge over the house, over the long run.

Myth #2: Blackjack needs photographic memory

This Blackjack myth is not true that a player needs to have a photographic memory in able to play. Just use basic Blackjack strategy is necessary and you do not have to memorize every hand in the Blackjack shoe to play.

Myth #3: Dealers speed things up

This Blackjack myth is pretty popular. As per the myth, the dealers do this to try to disrupt the player’s chance to count cards. People do not think about the scenario where you have the player holding up the dealer.

Myth #4: You are doomed if you share table with bad players

Dealer is the only opponent in blackjack and he is the only person who can affect your game not the people you share the table. It does not matter if your table is filled with bad players, as their presence does not affect you winning chance.

Myth #5: In order to win, get as close to 21 as you can

Those who have only started to play blackjack and are new to the game; this is probably the most common myth. Blackjack is also sometimes called as the game of 21 and therefore this misconception. New players believe that it is crucial to get close to 21 and they assume that this is the main goal of the game.

Blackjack is the most commonly played casino banking game in the world. This is a comparing card game played with one or more French decks of 52 cards. Blackjack has been a high profile target of advantage players since the 1960s, mostly card counters, who track the profile of cards yet to be dealt, and adapt their wager and playing strategy accordingly.

You will need to learn basic strategy if you want to be a successful blackjack player. By referring to a basic strategy chart most players start learning. Based on the dealers up card the strategy chart shows you how to play your first two cards. You will also need to learn what decisions to make after taking a hit since the basic strategy chart only deals with the first two cards.

Doubling down is the first component of every bitcoin casino. When the first two cards that are dealt allow the players to double their initial bets and draw another card, after which the players will be forced to stand, such a component is available to the players. Splitting is the second component of blackjack strategy. This is where the difference between beginners and expert players become most evident.

Insurance is the third component. Insurance term is set before the actual game starts as it is used to refer to the side bet that matches half the amount of your original bet. Surrender is the last component that you are going to have to learn. In the four components, this component is the least common although this also means that you need to learn when to use it. You lose one half of your bet into the bargain but you would still be able to retrieve the other half of your bet by using such a component of the game.

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All around the world people have loved the game of Blackjack. This game has been very exciting but at the same time, many myths about the game have also cropped up. The write-up deals with some of the myths that are related to the game of Blackjack.

Blackjack Myth #1:

To presume the dealer’s hole card is a 10 is the strategy of some players. One, just needs to remember that, the house offers you 2-to-1 odds that the 10 card is not in the hole, every time the dealer has an Ace up.

Blackjack Myth #2:

Many blackjack players believe that the likelihood of winning at the table will hurt, if they have bad players at the table. In reality, bad players have no real effect on the result of the game. It is a myth that your prospects can be seriously affected by bad players.

Blackjack Myth #3:

Many blackjack players believe that their chances of winning the next hand are good, as Blackjack is an even game, when the dealer has won five hands in a row. Upon whether you lost, tied or won the last 5 hands, the probability of your winning the next hand are independent.

Blackjack Myth #4:

Many blackjack players believe that single deck Blackjack is always more profitable. Statistically speaking, the single deck game would give the house a smaller edge, if all the rule alterations between single deck blackjack and a multi-deck game were equal.

The above-mentioned myths will drain your blackjack bankroll quickly; therefore make sure to watch out for the same.

Iowa Senate endorsed a gambling bill that could set the stage for a full-scale debate next year on the legalization of Internet poker within the state’s borders.

With a delivery date of Dec. 1, the legislation asks the Iowa Racing and Gaming Commission to carry out research on regulating Internet poker. The measure would also permit advance deposit wagering on horse races, amend Iowa’s casino referendum laws and modify purses for horse racing.

The bill, Senate File 526, was endorsed 38-12. With the Iowa House, it now goes to a doubtful future, even though gambling lobbyists are hopeful of their opportunities.

Originally, the legislation provided a regulatory structure for its accomplishment, operation and taxation and the legislation sanctioned the creation of an intrastate online poker network.

However, to eliminate the language seeking to legalize online poker this year, backers reworked the package.

Under the bill, horse owners’ groups for the promotion and marketing of Iowa-bred horses will be distributed 2 percent of purse money designated for thoroughbred and quarter-horse racing in Iowa. At Casino in Altoona Prairie and Meadows Racetrack, only thoroughbred and quarter horse racing would be permitted. For standardbred harness races at county fairs or other tracks endorsed by state regulators, purse money assigned for standardbred racing could only be used.

In Council Bluffs and Dubuque, no attempt was made on the Senate floor to end live greyhound racing at tracks, even though for those two casinos, the issue remains key. For further discussions, the bill now moves to the Iowa House.

The Cosmopolitan of Las Vegas, controlled by Deutsche Bank opened its doors in December with the posh new Las Vegas Strip casino-resort. It has lately announced that it has lost $139.5 million last year.

The Deutsche Bank prepared an annual report and it said that the report does not expect doing the same as their opponents. The report said that the study is based on hotel room supply, occupancy rates, on visitation trends, revenue per available room statistics of competitors and overall economic circumstances and indicators.

The report said that management believes that for the company to recuperate its investment in the Cosmopolitan the cash flows from the property are adequate and no harm was indicated.

Nevada Property 1 LLC said in a report filed Wednesday that after concluding 2009 with a $28.6 million profit, the company that owns the Cosmopolitan of Las Vegas posted a loss in 2010.

About $4.2 million was the Cosmopolitan’s gross room revenues. The company said in its earnings filing that the Average daily rate and occupancy for that period were $319 and 97.8 percent, respectively.

After Deutsche Bank AG acquired the 8.7-acre property out of foreclosure, Nevada Property 1 was formed in 2008. On the Strip between Bellagio and City Center, the hotel and casino sits and it costs $3.9 billion to build.

With 1,998 hotel rooms, the Cosmopolitan opened on Dec. 15 and in today’s report, it said another 968 rooms would open through August. 1,800-seat showroom is also in the offing, with no specific preparation for when it will be built. Over disputed condominium purchase contracts, the Cosmopolitan noted lawsuits persist against the company.

The Mediterranean island of Cyprus’ online gamblers are facing increased pressure from the government. This was because of the draft bill announced by the government, banning all online gambling, which would soon receive legislative approval. Any Cypriot found gambling online is subjected to a €170,000 fine, five years in prison or both, once the bill passes into law.

Christos Christofides, Cyprus deputy government spokesman said that islanders are spending around €2.5 billion a year online and he described online gambling in Cyprus as a social wound.

Now with this new ban operators may leave the Island for friendlier seas, although for a very long time Cyprus has been a part of the world where online gambling casino/operators would go for regulation and licensing. In 2007, the gambling laws of Cyprus were last updated, in an attempt to meet the EU requirements.

To ban certain forms of online gambling, the government of Cyprus has taken concrete steps. A draft bill has been approved to bring in sweeping changes. Christofides believes that legislative approval is still needed for the bill. The will bring a ban on online gambling on poker and casino games but it will allow citizens over the age of 18 years to deal in lotteries and sports betting.

On its territory, the Cyprus government also does not allow land-based casinos, although it does have healthy sports betting industry and strong lottery programs. Over the apparent hypocrisy seen in the government’s moves to ban certain forms of gambling while allowing others, thousands of Cypriots and many participants in the online gaming industry have voiced their displeasure.

The Wisconsin Indian tribe plans witnessed a big setback, when the Department of Interior’s rejection late last week of a contentious proposal for a mega casino in the Catskill Mountains outside New York. However, for a racetrack owner in the area, it was good news, which has been gently planning a major expansion.

State legislators have been asked for assistance by the Empire Resorts Inc. for sponsoring a $400 million upgrade of its existing harness-racing facility. Empire Resorts Inc. owns and operates the Monticello Casino & Raceway about 90 miles from New York. It has been reported that at the track, Empire Resorts has intended for an expansion plan, which includes building of three hotels and a water park with an expense of $400 million. Existing racino upgrade has also been reported, which includes repositioning of the buffet and food court; 900-car closed parking garage; a sports bar and a multipurpose room of 25,000-square foot area.

As per Senator John Bonacic, it is too premature to comment whether the company’s financing proposals will be successful. Senator Bonacic chairs the Senate’s Racing and Wagering committee. In the decades-long saga of Indian tribes, Empire’s move to benefit from the misfortune of the Stockbridge-Munsee Band of Mohicans is the newest twist. Catskills was a prime summer-getaway objective for New Yorkers and it seeks to rebuild its faded reputation. For the alliances and deals, Catskills area has had little to show and in the mean time, more areas like Connecticut, Atlantic City, N.J., and Pennsylvania became gambling choices. Most recently, at the Aqueduct Racetrack in Queens, Malaysia’s Genting Bhd. began construction of the first legal slots in New York City.

After being notified, Empire Resorts Inc. is considering options that its closing bid price on the Nasdaq stock market has plunged below $1 per share. For 30 consecutive business days, the situation has persisted. With the minimum bid requirement, the New York-based company has until Aug. 15 to regain compliance. In an SEC filing, reports suggested that on its listing on the Nasdaq Global Market, the notice has no instantaneous consequences.

According to the filing, in order to regain compliance with the prolonged listing requirements, the company is considering actions that it may take in response to this notification, but no decisions about the response have been made at this time.

On the Italian Official Gazette, the Italian decree regulating online poker cash games and casino games have finally been published after more than a year of delays and therefore it has now come into force. After the country’s cash games decree passed into law, cash poker and casino games are ready for lift off in Italy. To the move, eGaming Review reports that lawmakers gave the green light, meaning operators already licensed in the market can offer cash poker and casino games to the Italian public.

With the launch of these new games, there are very high expectations associated, especially after a tremendous 2010. In annual turnover, the Italian remote gaming market grow by 28% to reach €4.8bn, with the arrival of casino and cash poker offering a potential doubling of this within two years.

However, before being able to launch these new games, current operators shall still have to wait. The decrees approved by AAMS stipulate that once current licenses have been upgraded to the new regime and only after the publication of the decree on the issuing of new licenses, such games can be offered.

The Italian casino is among the biggest online casino markets in Europe today. It has grown from revenues of €3.4 billion in 2009 to €4.8 billion in 2010. To establish online casino games, Italy was also one of the first European countries.

In 2011, online Italian casinos are expected to advance even further, upon the enactment of a few minor legislative changes.

Italians were only permitted to play online poker tournaments and until date, poker cash games have not been allowed in Italy. There is an outright ban on gambling online from Italy. When legislation is passed to correct the issue, this situation will improve.

To Italian online casinos, after cash poker games are introduced in March, they are expected to generate revenues of €400 million by the end of 2011. This summer, local online casinos will be introduced and during 2011, they will like to add a further €200 million in revenues, which could reach €1 billion in 2012.

Before consumers get to actually play the new selection of games, there is still going to be more delay. For the new regulatory requirements, current licenses have to be recertified. Under the new conditions, the new license holders will be stringently tested for technical competence. For the new entrants into the Italian internet wagering market, delays can be beneficial but only if quick and decisive action is taken to gain a strong position.

According to projections from TrustPartners, the online gambling market in Italy is the largest in Europe and legalizing cash poker games will add a further €400 million to its value this year.

Stanley Ho, the Macau billionaire may take action to keep control of the gambling business he built over five decades, his lawyer said as Ho’s family seized his stake in the parent of SJM Holdings Ltd., without his consent. In Sociedade de Turismo e Diversoes de Macau, SJM, Asia’s biggest casino operator, yesterday said that he gave up control of a 31.7 percent stake, to two companies owned by members of his family.

After Ho was released from a seven-month stay in a hospital last March, come the dispute over SJM, which owns 20 casinos including the flagship Lisboa in the world’s biggest gambling hub. According to his lawyer Gordon Oldham, the senior partner of Oldham, Li & Nie, ahead of the Japanese army in World War II, Ho fled to Macau from Hong Kong and wanted to divide assets equally among families of his four wives.

In a month yesterday in Hong Kong, SJM fell the most trading on concern the ownership transfer may affect decision making. SJM has the biggest gaming share in the former Portuguese colony. The company announced that pending a “price- sensitive” announcement, the stock was halted today.

The new ownership structure in the company essentially reduced Mr. Ho’s stake to less than 2% while splitting the rest between his children with his second wife, including Pansy Ho, the head of Mr. Ho’s other main company, property and ferry firm Shun Tak Holdings Ltd and the woman he acknowledged as his third wife, Chan Un-chan.

In the Macau gaming world, Several of Mr. Ho’s children are already prominent figures. Lawrence Ho runs one of the city’s largest resorts, via a partnership with James Packer. For MGM Mirage, Pansy Ho was the original joint venture partner when it entered the Macau market.

The extraordinary surge in Macau’s gaming revenues is because of the booming VIP market of wealthy Chinese. They bet colossal sums behind the closed doors of Macau’s hundreds of private baccarat rooms. The Macau’s gaming revenues are now four times greater than those in Las Vegas.

On Wednesday six casinos in Atlantic City, were fined a total of $115,000. The vast majority of the fines leveled against the five major casino properties involved blackjack card games, and included violations such as dealer and player collusion, cheating, theft and underage gambling.

For failing to properly monitor blackjack tables where a dealer conspired with a player to steal over $21,500 within a 21 week time frame in early 2009, Tropicana Casino and Resort paid a $40,000 fine. The scam was uncovered by an observant player at the table who remembered the same blackjack dealer consistently overpaying a particular player on winning hands and rarely taking away the player’s chips on loosing hands, according to casino gambling news. After being contacted by the observant player and began to closely monitor and record the suspected dealer casino security became aware of the scam. The dealer quickly confessed and was immediately arrested after being confronted with irrefutable evidence recorded on multiple casino security tapes.

For allowing an underage 20 year old man to play blackjack for forty five minutes in early 2010, Atlantic City Hilton Casino Resort paid a $15,000 fine.

Caesars Atlantic City was fined $10,000 because of a malfunctioning alarm system, in another case. When a robber held up a cashier’s cage on July 20, 2009, the alarm did not work and he walked away with $8,000. The alarm failed to go off to alert security guards, even though the cashier hit a button to activate.

Trump Plaza Hotel and Casino and Trump Taj Mahal Casino Resort were each fined $20,000 and the Atlantic City Hilton Casino Resort was slapped with a $15,000 penalty for allowing underage patrons to gamble. The legal age for casino gambling in New Jersey is 21.