Online Casino Edition – Casino News News about online casinos and gambling

There is definitely a sense of community in the gambling world. One could almost say it’s become a mantra. There are groups of people who take bus rides into a nearby casino. They spend all day long playing the slots, some even go all night. But does it become a problem at some point?

There are many who place bets for Monday night football. But what happens when Monday night spills over to Wednesday, Thursday and Friday night? What happens when you play for so long, you fall asleep in front of the craps table?

There are many who don’t shower or clean themselves for days, just so they can get that “win”. There has become a mantra within the community, many seem to abide by. It goes something like this, “Gamblers will eventually become as broke as the rest of us, so what is the harm?” So what is the “harm” actually?

A college in London recently conducted some research on this. The study showed that the dangerous theory of the “hot hand” is actually alive and well. It’s not a myth, as some people have thought.

For those that who don’t know what a “hot hand”, I will explain it to you. A “hot hand” or “hot hand fallacy” is when the person who is betting is riding high off a few wins. It’s the idea that winning turns into more winning.

Let’s suppose you are playing a game like blackjack. You hit a sixteen, against the dealer’s ten. At this point you pull a five. You double down until you win. With all of this luck, you figure you will keep on going. You won the first two hand, so you figure, why not. In your mind, you assume you can’t lose on the third go-around.

But shock of all shocks, you make a wrong move. You end up losing the hand. This is what is known as “a hot hand.”

Those who are in the situation, tend to keep playing. They figure they can get back their “win.” The irony of it all, those who begin to lose these hands, will keep on losing. Once you get off your streak, it’s hard to get it back. The reason being, you become so “hot” that the rush overrides any good decision making.

What many people don’t realize is, those who don’t expect to win, will win. Those who expect to win, will lose. This has always been a terrible misconception. You can’t go in expecting to win all of the time. This is what creates the “fever.” This is also what creates the danger. This danger causes gamblers to do many things.

Too many get the “hot hand” and don’t know when to quit. This is what this one particular study found out. The gambling fever does strike many. But how many of those people just consider it a “hobby”, and how many consider it an “obsession?”

Phil Ivey calls himself the Tiger Woods of gambling. The casinos are saying the same thing, only from Tiger’s ex-wife’s perspective. The Borgata Hotel and Spa claims Phillip Ivey Jr cheated them for almost ten million dollars. The hotel claims Ivey and a group of associates used a technique called edge sorting to win. Edge sorting is a way of exploiting anomalies in the cards design to determine good cards from bad ones. The hotel claims the technique gives the group such an advantage that it passes the threshold of cheating. The federal lawsuit also alleges that the Kansas City card manufacturer is responsible for the defect that Ivey exploited and is named in the suit. The Golden Nugget is also suing Gemaco. The Golden Nugget claims the defects caused them to lose 1.5 million to Ivey and associates. The Borgata also claims that Ivey had the dealer involved. It says the dealer was instructed to lay good card in one direction and the bad ones in another. They say Ivey insisted on an automatic shuffler so his plans would not be compromised by hand dealing.

Ivey, who won nine World Series of Poker tournaments, appears to have taken edge sorting on world tour. A major Malaysian casino operator filed suit in Britain’s High Court. The High Court is America’s federal court equivalent. This casino claims that Ivey beat them for twelve million. They say that Ivey is so good at edge sorting that he can do it with a simple glance. The Crockfords casino in London agrees. They say Ivey won almost eight million euros from their company. These cases are extremely complicated and casinos do not have a wealth of sympathizers. The casinos are always looking out for advantage players. Advantage playing is defined as a gambler that looks for legal means to gain an advantage.

Ivey is very open that he is an advantage player. Ivey claims that these are the same tactics casinos use. He says he is not the only edge sorter in gambling and the casinos know. Ivey claims that it is the casino’s responsibility to stop it. He admits to being a master sorter and is actively fighting the suits. At Ivey’s website, Iveypoker.com, he has multiple pages that are dedicated to improving poker players game by looking for advantages. These, he feels, make better players than older models .His site provides detailed charts that show how to win at poker online. The charts even provides buy in numbers. Ivey feels these suits are a matter of philosophy and he is gambling big that he is right.

More people are finding out that gambling online brings with it so much more than just an escape from the daily grind. People are becoming overnight millionaires with the click of a mouse, and each night another persons life is changing for the better. Here are the top four reasons why people love gambling online.

One reason people are loving the ability to gamble online is the convenience. No longer do they have to make arrangements to drive to their nearest casino, then worry about driving back home in the middle of the night after an exhaustive time gambling. Now people can come home from a long day at work and simply turn on their laptop and visit their favorite casino online. The money is easily transferred into their casino bank account, and they need only log in and begin playing within minutes. Whether you win or lose, you only need log off your account and you are already in the comfort of your home.

Another reason people love online gambling is the ability to become a millionaire overnight. Websites like OnlineCasinoEdition.com give players the ability to do research as to which casinos are offering the highest payouts and which have the biggest progressive jackpots. By doing just a little research, you can decide which casinos would put you in the greatest position to hit the jackpot and transform your life. Already this year there have been dozens of online players who have won millions playing progressive slot machines. The lure of perhaps being the next millionaire is what makes online gambling so much fun.

One of the problems with your local casino is the crowds. You might be waiting for hours to play your favorite slot machine on a busy night, and then when you finally get your chance you have a dozen people breathing over your shoulder waiting for their turn. The overcrowded casinos make it difficult to relax. Playing online means you can sit in a nice quiet environment and experience the same thrill that you would get in a real casino. The online casino usually has the same games and the same payouts, the only difference is there is no crowds to distract you from all the fun. Gambling online means you are in complete control of the surroundings from start to finish.

Another reason people love gambling online is the variety of games at our fingertips. You might be into the traditional table games like Blackjack or Roulette, or you may be a big fan of the video slot machines. Whichever you prefer, they are all available at the online casino, and in many cases the casino will give you a significant bonus just to begin playing at their casino. When you visit OnlineCasinoEdition.com you can see in an instant which casino is offering players the most bonus money to join. That money is free money and allows you to increase the size of your bankroll. That added funding may be all the money you need to hit the progressive jackpot and be the next internet millionaire.