Mar 28, 2010

The world never stands still too long. If it does, this may mean it's dying and has nowhere else to go. The eternal question for every business lucky enough to hit a winning formula is whether to change it and, if so, by how much and how quickly. In one shape or form, casinos have been around for centuries. They were gambling in Ancient China and Rome long before anyone thought of building in the Nevada desert. Yet, the basic idea has remained the same. If your luck is in, a small bet will win you a fortune. It's a remarkably seductive temptation. Just think. All you need is for the dice to fall just so, or the next card to be the 8. The games may change their appearance, but the principle of betting on the outcome of random events remains the same. To that extent, gambling never changes and probably never will change significantly. If there is change, it's superficial. Say, from the one-armed bandit invented by Charles Fey to the video slots version you start by the press of a button. This makes the arrival of online casinos the first real revolution for at least a century. People have always gathered together to gamble. It could be in a friend's home, a private club or a place with public access. The internet does away with the requirement for a "place". Now people can stay home and still enjoy the pure experience of gambling. It avoids the inconvenience and expense of travel, buying food and drinks in more impressive surroundings and, in many cases, finding somewhere to stay overnight. All you have to tolerate is the quality of the animation and the annoying soundtrack of "live" players and the games. Over the last decade, real world casinos have come under real competitive pressure. They are not doing too well. But, before you all celebrate, this means the states take less in revenue and, as their deficits rise, tax hikes may have to fill in the gap.


This article brings two "back-to-basics" gambits by the competing forms. Let's start in Atlantic City. There has been a significant drop in the number of players in all venues and for all games. The recession is biting hard. So, albeit only on a trial basis, the management has gone back to the $2 game at two blackjack tables. The thinking is easy to explain. High table minimums frighten away the learners and the more conservative gamblers. People want the maximum gambling experience for the least possible outlay. The casino assures us that, if the trial is a success, more tables will go back to the $2 minimum. Except there's a twist. If you only bet in the range $2 to $5, you pay a fee of 25 cents per hand as a "contribution toward the operating costs". It seems casino managements cannot resist biting gamblers in the ass.


Going to online blackjack, Microgaming is introducing a live dealer version. You will be able to interact with the no doubt sexy dealer through the wonder of streamed video. Better still, it makes the online experience more obviously "fair". Although we have all come to trust the RNG, it's always more reassuring to see someone deal real cards. Others can also Bet Behind on the seated players and you can book a seat with your favorite dealer. It will be interesting to see whether live dealers represent a new nail in the real world casinos' coffin.

Mar 27, 2010

Well, the inevitable has begun to happen. When the recession first hit and credit dried up, everyone predicted the casinos would lose out. If the banks squeeze credit, people cannot maintain their levels of discretionary spending and, sadly, gambling is always going to be one of the choices made less often. The prediction then ran on: if fewer people go into casinos and those that do go spend less, the casinos will find their profits under pressure. At this point, the forecasters would take a deep breath. This will not be a problem so long as the casinos hold their nerve. The economy will slowly pick up. Confidence will return as consumers save less and spend more. In three to five years time, casino revenues will be back to their normal levels. But, and this is where the forecasters would look grim, if the casinos try to suck extra dollars of profit out of fewer players, they risk killing the golden goose. So which way have casinos played their hands?


In most states, blackjack has always been the biggest table game. But in 2009, casinos across the US lost an average 20% of their annual revenue from the tables. When you lose such a big slice of your revenue from just one game, this puts pressure on the casino operators. Unfortunately, they have tended to move in the wrong direction. Most states regulate on the basis of a 3:2 payout on blackjack (i.e. if you bet $10 and win, the casino pays $15). In Colorado, operators have applied for an increase in table odds to 6:5 (i.e. a winning $10 bet pays out only $12). For those of you who like the math, this lifts the house edge from 1.5% to 2.9%. In Nevada, the table odds moved to 6:5 months ago, closely followed by a general raise in the table minimums. This drove away the casual players and, not surprisingly, the high rollers followed. The casinos shot themselves in the foot by both tightening the rules and reducing the payouts.


Where has the business gone? Well, the hard core gamblers have decided they don't like the deck being so obviously stacked against them. There's no reason why should they tolerate low payouts when online casinos have kept their table odds at a fair level and not changed their table minimums. Online, you can still play at $1 or $5 tables if that's all you want to risk. The higher table minimums are there if you want them but there's no pressure. In the real world, slightly stressed staff are trying to encourage you to spend more. Sitting in the peace of your own home, you can pull a beer out of the fridge and take life easy. There are so many good online casinos where you can play blackjack online with many different styles of online blackjack to choose from. If the mood takes you, there are tournaments to play. If the money runs out, you can always play for free. This is one time when the greed of the real world operators has worked against them. In the good old days before the internet, it was a real world casino or nothing. Now that the internet has come of age and the quality of the casino software has improved, the real world casinos have a real fight on their hands if they want to remain relevant.

Mar 14, 2010

Although there are a number of slot games repeated on some of the sites with shared operations, the reality is an expanding universe of different games. Like the Big Bang which supposedly began our universe, the inventiveness of the different software producers knows no limits. This fuels the competition for players between the sites with the endless rollout of new games. As a result, it would take you years to try them all. Nevertheless, the actual betting choices to be made come down to a few simple steps. The three main variables are the number of paylines to play on each spin, the number of coins to bet on each line, and the value of the coin(s) to bet. The majority of the games allow a free choice on the three variables. But some games restrict the choice on the second or third options (none of the major games eliminate both). So, some fix the value of the coin to be bet or only allow one coin to be bet per payline. This allows us to offer this summary. The amount you decide to bet per payline is the value of the coin multiplied by the number of coins. The total bet on each spin of the reels is the bet per payline multiplied by the number of paylines.


Now we come to an odd truth. The majority of games allow you to choose the number of paylines to play. Where the number of available paylines is great, there can be a real decision to be made. If you are betting one coin of value per payline, one hundred paylines per spin can work out quite expensive. Yet answer this question. What is the point of playing with paylines disabled? With the exception of games permitting scatter wins, you only win on enabled paylines. While this is merely a source of frustration in a conventional game when you see winning combinations on disabled lines, it can be critical on progressive machines. Often the jackpot only pays out when the highest payline has the winning combination. If the total bet looks outside your budget, reduce the value of the coins. If the bet is still too high with the minimum coin size selected, this suggests you should not be playing this game.


When you first approach a game, look carefully at the choices you can make. The critical differences lie in the coin sizes and the gaps between each coin. The best games have a big range of coin sizes with even gaps between them at the lower end and gently scaled gaps at the high end. This allows you the maximum flexibility to fit the line and total bet per spin to your budget. In calculating your budget, factor in the length of time you prefer to play. Slots is a game meant to be fun. If you burn your budget in ten minutes, this is not fun. Always remember to set a loss limit before you start playing. Decide the point at which you will stop. Slots is only fun so long as you are not digging yourself out of debt for the next six months. If you win, as everyone does from time to time, you should also stop. These winnings can buy you a drink and a meal. They can pay for your next session of play.

Mar 13, 2010

Walk through the doors into any real world casino and you hit the slot machines. There's a slight difference of opinion between the casino operators. Some believe the machines are the most popular form of gambling and make everyone walk into the floor area where the machines are sited before they get to the table games. Others have a floor plan called the premium strategy that pitches their operations at the non-slot players who spend more per head on the table games. The machines are still featured as you walk into the casino, but the view of the tables is more obvious. Interestingly, there seems to be very little difference in the spend-per-machine in both layouts. The people who favor slot machines will play them no matter where they are sited in the casino. It's also a fact that, except for the contributions made by individual whales, casinos make more money from slot machines than from the table games, the balance shifting depending on whether the premium strategy is in operation. Online, there are sites that are exclusively based on slot machines. Other sites operate the full spread of casino games. This leaves the operators to compete on the bonuses (welcome and otherwise), comps and the quality of the service. In real world casinos, the operators can comp you on the machines but it's technically difficult to enable free play. Online, all that changes.


Every site allows all users the opportunity to play some of their games for free. Why should anyone want to play for free and give up the chance of winning some real money? The answers are both simple and complicated. The spinning reels are essentially the same in both real world and online casinos with the games easy to understand and so quick to learn. Once the reels are set in motion, all you can do is wait for them to stop moving. This means no particular skill is required to play. As a bald description, this misses out two key factors. The spinning reels are quite hypnotic. You almost feel you can reach out and stop each reel in just the right position to score a big win. Secondly, it's fun to play. This fun element is what sells free play. Yes, you lack the extra excitement by giving up the chance of winning. But it really is still fun to play. More importantly, with more and more new games coming online every month, it's very useful to be able to study them without risking your money. Although the basic concepts are the same, the individual variations still have to be learned. In the real world, you can stand and watch others play, learning from their mistakes. Online, you are denied this opportunity. That makes free play a fair offer from the casino operators.


There is one final reason and this may be a little complicated depending on your view of luck. Many people who play slots believe in flows of good and bad luck. If your luck is out, it's good to be able to keep on playing for free. No-one wants to keep feeding money into a machine when you know you are not going to win. Slots and Lady Luck do go together so mix and match free and paying play as you come into and fall out of her favor.

Mar 12, 2010

Given the history of some games starting in China around 2000 B.C., the question naturally arises as to what makes any game popular. The first games to achieve success were based on dice. It probably all started around the fire in the cave when, having stuffed themselves with dinosaur rib at the bar-b-q, they moved on to a little action with a few carved bones. But, as time progressed and money was developed, the idea of money changing hands based on a throw of the dice caught on. In this, you see all the key elements making any game popular. The concept of gambling is seductive. You place a small wager on the outcome of an event outside your ability to control.


If you win, there's a big profit and this is a compelling reason to carry on playing because you believe you will win again. The second feature is the sociable nature of the playing environment. There's a crowd watching. Sometimes it's only other players but, more often, gambling is a spectator sport. This creates a community and it supports and encourages the players. Rich backers appear and bankroll the best players for a share of the expected profits. Add in good customer service from whoever provides the playing environment, and the honey pot nature of the exercise is complete. As to the game itself, it must be fun to play. It must be easy to understand the rules. Everyone must be able to see the skill or luck of the winners. And, the organizers must make realistic attempts to prevent or control cheating.


So where does this leave us? In the modern casino, both online and real world, the most popular games are probably blackjack and poker on the card tables, craps and roulette on the other tables. All four are simple to understand. The cards must add up to 21 or a limited number of card combinations makes you the winner. Or you bet on the throw of dice or the spin of wheel. It takes only a few minutes to explain. You watch for a while and then you feel confident enough to play. It's almost immediately exciting. You handle the dice and throw. You finger the chips and play the cards. All with money riding on the outcome. If your luck is in, you end up a winner and most are hooked. The problem with more complicated games is people do not want to put in the effort to learn. They must see it, see others win and feel confident they can start winning immediately. Any game where it looks easy to win big money is popular.


Now when you transfer the experience on to the small screen of a computer and strip away everything about the experience of being in a casino, the true popularity of online casino games is revealed. Slots are slots. You click on "play", the animated reels spin, and you win or lose. It has a hypnotic quality. Click, spin, win. It's the same with blackjack, craps and roulette where you are betting on the results produced by the random number generator. Poker remains interactive where you bet on the cards and your skill in playing them. In all, it's the belief you will win big that makes casino games popular.

Mar 11, 2010

More or less any place you go on the internet, you can see goods or services you want and pay for them. Most sites accept credit cards. Those that do not, deal with the other players in the banking world to make sure the funds get where they are supposed to go. This works whether you are buying clothes for your newborn baby or hard core pornography. E-commerce is the new life blood of trade. Yet, when it comes to online gambling, something dramatic happened in the US. If you are resident anywhere else in the world, all the standard methods for transferring money work with online casinos. You can open an account using a credit card and your winnings can be transferred to any bank account you nominate. But, if you are resident in the US, the world was turned on its head by the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). The history of this is revealing.


A bill dealing with security in our ports was working its way through the legislative process and, at the last moment, the internet restrictions were added. They had nothing to do with the security of ports. It was a device to slip the law through without real debate. As a result, it suddenly became illegal for any financial institution to transfer funds to an internet gambling operation except for horse racing, online lotteries and fantasy sports. So states protected their revenue streams with lotteries and the racing industry gained an edge over all their competitors. This law is probably unconstitutional but, so far, the courts have been reluctant to give clear rulings. This leave US players with real problems. No matter where the online casino is based, it's still difficult to open an account and recover winnings. So how do you get round the law?


The first option is to use eChecks. This produces an immediate electronic funds transfer between your bank account and the payee casino. They work in exactly the same way as paper checks. But a word of caution - one company providing this service was recently shut down by the Attorney General of New York. Although other companies continue to offer eChecks, this method is risky with winnings being seized in the New York court action. The alternatives are the following. A limited number of casinos including Rushmore accept American Express, bank drafts, wire transfers and checks for opening an account and making deposits. But these methods cannot be used for withdrawals. This brings us down to Central Coin, Citadel, Click2Pay, CLICKANDBUY, NETeller and others. Online casinos pick and choose which methods they accept. Alternatively, you have to set up a third party account outside the US and transfer the funds into and out of that account instead of directly to the casino.


It should not be this difficult to play your favorite casino games and there are various moves in the pipeline to encourage the lawmakers to repeal this oppressive law. While there's no constitutional right to gamble as such, this law chills the banks and achieves prohibition by the backdoor. While we wait for either a definitive court ruling or Washington to act, find the online casino with the payment methods you can access and set to enjoying your favorite online casino games.