Notes

11 Gamblers Who Should?ve Quit While THESE WERE Ahead.These High-Volatility Casino Games Are Worth Playing.Online and Land-based Casinos ? Can They Both Live and Prosper Happily Ever After?
Few gamblers ever reach the stage where they?re making millions of dollars, but those that do often become legends of their respective games.

These same gamblers can accumulate fortunes which will leave them set forever. And if they?re smart, they?ll eventually leave from gaming and revel in their money.

Not absolutely all pros ride off into the sunset and live happily ever after.
Unfortunately, some blow their fortunes through various means.

The next 11 gamblers were all highly successful at once or another. However, they?ve pushed their luck and also have either gone broke or suffered through other hardships.

1 ? Tom Dwan
Tom Dwan has among the finest internet poker origin stories ever. He received a $50 birthday gift from his father, which funded his initial internet poker account.

From here, he went on to create a multimillion-dollar bankroll and be a big high-stakes online star.

Tom Dwan With Poker Chips Infront Of Him

He?d become this type of star that, by 2009, he began issuing challenges to fellow high-stakes pros. ?Durrrr? offered 3:1 odds ($1.5 million against $500k) that he could defeat anybody over the course of 50,000 hands.

He found two takers in Patrik Antonius and Dan ?jungleman12? Cates. Dwan was actually getting the better of Antonius when their match fizzled. But Cates has won over $1 million off Dwan in their challenge, that they may never finish.

Durrrr took on rising poker phenom Viktor ?Isildur1? Blom heads-up the same year. Blom proved an excessive amount of for Dwan, winning $5 million in their group of heads-up games.

Regardless of the massive losses, Dwan regained his composure and ran his bankroll around $8.2 million by April 2010. It took him just over three years to go from being a new high-stakes player in 2007 to crushing the overall game.

Unfortunately, durrrr would suffer a huge downswing by losing $3.5 million from April to June 2010. By enough time Black Friday hit (April 15, 2011), he?d lost $6 million of his original $8.2 million in winnings.

The combination of his declining graph and Black Friday convinced Dwan to dedicate himself exclusively to the Macau live scene. Macau?s high-stakes games are a hush-hush affair.

Many rumors have surfaced that Dwan owes the Triads money, although it?s unclear if they are jokes or to be taken seriously. Regardless, Dwan is unlikely doing anywhere near aswell financially he was in the late 2000s.

2 ? Charles Wells
Charles Wells didn?t initially make his money from gambling but rather by conning people out of their savings. He fabricated invention ideas and got people to spend money on his phony projects.

By the early 1890s, he conned people with a promise to invent a musical jump rope. Investors gave him �4,000, which he was likely to use on the invention.

Wells instead took the funds and continued a gambling visit to Monte Carlo in 1891. What ensued was among the luckiest gambling strikes ever.

He began playing roulette and winning heavily. Wells broke the bank multiple times, meaning he won each of the available chips at several tables.

He left Monte Carlo an extremely rich man with what amounted to huge amount of money at that time. He?d return another time and push his luck again.

This trip proved a lot more lucrative than the first, as Wells broke the bank a reported 17 times. Upon time for England, he was an instant celebrity who was thought to involve some secret trick to beating roulette.

During interviews, Wells went along with the idea that he had a secret roulette strategy.

What people didn?t know is that he simply used the Martingale system.
The Martingale system is where one doubles bets after every loss. Apparently not satisfied along with his massive winnings, Wells conned investors with another invention idea. He put this money towards a huge yacht and sailed it back again to Monte Carlo for a third gambling trip.

The Martingale system would finally fail Wells because he lost most of his money. He was immediately arrested after coming back to England a penniless man and spent years in prison.

3 ? Erick Lindgren
Erick Lindgren was just about the most successful poker pros during the mid-2000s boom years. He won two WSOP gold bracelets and two World Poker Tour (WPT) titles during the height of his success.

Erick Lindgren Holding WSOP Bracelet

Lindgren also earned a lucrative sponsorship deal from https://www.gamblingsites.org/history/full-tilt-poker/ Full Tilt Poker that paid him millions monthly. This poker site even issued him big loans on top of the huge monthly salary.

But what Full Tilt among others didn?t realize is that Lindgren had a major sports betting problem. Although successful at poker, he was terrible at both sports gambling and daily fantasy sports.

Creditors blasted him on poker forums for not repaying his debts in the first 2010s. Full Tilt, which accidentally lent Lindgren a supplementary $2 million, sued him for refusing to give the money back.

Here?s a running tally of Lindgren?s known debts:

$2.5 million to Stars Group (owns Full Tilt now)
$3.8 million to the IRS
$5 million (estimated) to other players
$1.1 million to Andy Bloch (loan)
E-Dog is unlikely to pay almost all these amounts back ? if anything. He?s filed for bankruptcy twice as a way to protect himself from creditors.

Fortunately that he?s checked himself into gambling rehab multiple times to help with his problem, but Lindgren is very unlikely to ever reach the same perch he had during the poker boom.

4 ? Archie Karas
Archie Karas lays claim to what?s quite possibly the best gambling story of all time. In 1992, Karas was broke following a bad poker run and had just $50 to his name.

Rather than getting a job and trying to rebuild his savings, the Greek-born gambler took his remaining $50 and drove to Las Vegas. Here, he convinced a poker friend to lend him $10,000.

Karas then began creating a large bankroll by way of a combination of pool games and poker. He was eventually unable to find any longer pool action do to his high skill level, which forced him to spotlight poker.

Karas, who wasn?t considered one of the game?s elite players, was on such a hot run that he dominated notable pros like Doyle Brunson and Chip Reese. After running his bankroll around $17 million, he could no more find poker opponents either.

Archie turned his attention to the craps tables at Binion?s Gambling Hall. This situation was different, considering that he was now playing a house-banked game where he couldn?t gain an edge.

Nevertheless, Karas? luck continued as he built his bankroll to $40 million. He previously so much money at this stage that he hired his brother as a security guard when transporting cash around casinos.

Archie Karas With A Huge Stack Of Money

Karas? run would finally go cold by 1995 when he proceeded to lose $11 million in high-stakes baccarat. He then returned to the craps tables in an effort to recapture his magic, which cost him another $18 million.

At one point, Karas took a break and went back to his native country of Greece. He returned to Vegas with a renewed focus, although it wouldn?t help him regain his winning ways.

Archie proceeded to reduce the remainder of his money playing baccarat, craps, and poker. Amazingly, Karas has said that losing this entire fortune didn?t bother him.

He?s a gambler in mind and wasn?t likely to stop playing just because he was losing. Archie has since had some more multimillion-dollar runs, but he?s always managed to lose everything at some time.

5 ? Billy Walters
Unlike some gamblers on this list, Billy Walters never experienced a significant downswing. Actually, he?s only suffered one losing year in over four decades of gambling.

Walter?s rise to success began when he joined a group of fellow pros called the ?Computer Team.? They used computer technology in the first 1980s ? a spot when many people didn?t even know PCs existed ? to make winning sports bets.

In 1986, the Computer Team also used their skills in roulette at Atlantic City?s Golden Nugget Casino. They employed their technology to record roulette results to check out biased wheels, or those that favor certain numbers due to wear and tear.

The team found a faulty wheel and wagered on the biased numbers again and again.
They were finally banned by the Golden Nugget, however, not before winning $4 million.

Walters has since become one of the biggest sports bettors of all time. He?s won a variety of notable bets, including a $3.5 million wager on the New Orleans Saints in Super Bowl XLIV and a $2.2 million bet on USC in 2007.

Unfortunately, earning huge amount of money in sports gambling wasn?t enough. Walters conspired with former Dean Foods CEO, Thomas C. Davis, within an insider-trading scandal.

He talked Phil Mickelson into trading Dean Foods stock as the professional golfer owed him $2 million. Mickelson was able to make $1 million and pay Walters area of the debt before the scandal broke.

The Securities and Exchange Commission (SEC) caught to the scam and busted both Davis and Walters. The latter is now serving a five-year prison sentence after his 2017 conviction.

6 ? Phil Ivey
Phil Ivey was once bulletproof in the poker world. He couldn?t appear to lose throughout the 2000s, capturing ten WSOP gold bracelets and a number of other tournament titles.

As if this wasn?t enough, he won over $20 million in online poker profits. Dealing with internet legends like Dwan and Blom, he came out on top more often than not in many of the games.

Phil Ivey Holding WSOP Bracelet

But his golden story began taking a downturn in 2011 when Full Tilt ran into trouble following Black Friday. Ivey was receiving both sponsorship money and a return on his investment in the site ? both of which ceased at this time.

He stopped playing in the WSOP and online so that he could concentrate on a lawsuit against Full Tilt. Ivey had lost his edge by enough time he returned to the virtual felt in 2012. He proceeded to reduce several million dollars and finally stopped playing online.

He?s still an excellent poker player, as proven by his multiple high-roller tournament titles in recent years. But he seems more centered on business ventures along with other forms of gambling nowadays.

Case in point, he won a combined $21 million from Crockfords Club (London) and the Borgata (Atlantic City) through punto banco. He was utilizing a little-known advantage play technique called edge sorting, that involves looking at card edges to predict their values.

Much like blackjack card counting, edge sorting seems like a valid gambling method. However, Ivey made special requests that pushed the boundaries of legal advantage play.

Here?s a glance at what he and his accomplice, ?Kelly? Sun, asked of casinos:

Mandarin Chinese-speaking dealer (so Sun could secretly communicate with them)
Purple Gemaco deck (had flawed edges)
Cards rotated 180 degrees (simpler to see flawed edges)
Crockfords withheld $12 million in winnings from Ivey, leading him to sue them. The Borgata, meanwhile, sued Ivey to recoup nearly $10 million that they paid him.

Judges in both cases sided with the casinos because they felt that Ivey used questionable tactics to win. During this writing (mid-2019), Ivy is dragging his feet on repaying the Borgata.

7 ? Harry Findlay
Harry Findlay is a professional bettor who has become a celebrity in the united kingdom. His gregarious personality and large winnings have helped him become just about the most famous gamblers of all time.

Findlay experienced lots of success in his early betting days, winning millions of dollars. He used a portion of the earnings to wager �2.5 million on New Zealand winning a 2007 Rugby World Cup match against France.

New Zealand took a 13-3 lead at halftime, which made it look like Findlay winning was a foregone conclusion. However, he made a decision to hedge his bet with one that would pay �600,000 when France made a late comeback.

The French won the match, and therefore Findlay ?only? lost �1.9 million, but this loss was still a massive hit to his bankroll.

British tabloids have claimed that Findlay has won and lost �20 million through gambling.
He will abide by the winnings but disputes the �20m in losses.

Much like Walters, he claims to have rarely had an extended losing streak. But Findlay does admit to blowing millions when he tried saving the Coventry Stadium?s greyhound racing operation.

He?s since rebounded to a degree by winning some money through horse racing, but these profits certainly are a far cry from the millions he used to win.

8 ? Gus Hansen
Gus Hansen is another poker player who benefited greatly through the poker boom. He became the first player to win three WPT titles, doing so from 2003 to 2004.

Hansen also made out when he and two partners sold Poker Champs to Betfair for $15 million in 2005. He collected a $5 million benefit from this deal.

The ?Great Dane? furthered his fortune among the main faces of Full Tilt Poker. He often appeared within their ads as a suave gambler.

Gus Hansen Gambling

Unfortunately, most people no more remember Hansen for his Full Tilt ads or tournament titles. He?s instead synonymous with being one of the primary online poker losers of all time.

He started playing the web nosebleeds in 2007. What ensued was a frequent downward graph that bottomed out at $21 million when he stopped playing online in 2015.

The good thing for Hansen is he can still play the overall game and regularly gets staked at the ?Big Game? in Bobby?s Room. The downside is that he could be a lot richer had he quit playing online earlier.

9 ? ?Ryazan?
?Ryazan? was one of the first major winners in daily fantasy sports (DFS) in the early going. He not merely had a higher rate but was also ready to challenge other famous pros like Saahil Sud and Martin ?Papagates? Crowley to heads-up matches.

Ryazan was also notable for frequenting DFS forums like RotoGrinders, where he commonly talked up his winnings and skills.

He didn't mention is that credit cards were the primary source of his bankroll.
His winnings were somewhat counteracted by the charge card interest he owed.

As if this wasn?t bad enough, he also spent or lost most of his earnings from 2015. He was therefore left without enough money to cover his taxes which were due in 2016.

Ryazan?s downfall continued when he tried becoming a successful NBA bettor. He detailed his troubles by way of a 2017 post.

?I lost playing NBA for the initial a few months of 2016 (80% of my 2015 overall winnings, + what I owed for taxes for my 2015 winnings). Horrible management on my part, I know, that is not even up for discussion ? I was completely horrible for the reason that personal aspect.?

Ryazan hasn?t cashed in a DFS contest since May 2, 2017, when he took fourth in a DraftKings event. He?s likely left the daily fantasy world for good.

10 ? Brad Booth
Brad Booth was one of the most successful online and live high-stakes poker players during the boom years. He?s especially well known for his appearances on the GSN show High Stakes Poker.

Brad Booth Aka Yukon Brad During Interview

Booth was a likable player who had an interesting backstory. He grinded in poker rooms through the entire Yukon Territory (pop. 40,000) during his early days with the game.

?Yukon Brad? would eventually proceed to Vegas, where his skills translated more than to the Big Game. Booth won huge amount of money by playing at Bobby?s Room and various online sites.

But one of these brilliant sites, UltimateBet, would be his undoing. Booth was cheated out of an estimated $2 million in the mid-2000s.

Russ Hamilton, among UltimateBet?s investors, used a ?god mode? program that let him see hole cards from Booth along with other opponents. Yukon Brad spent years afterward seeking justice, which never came.

He lost another $4 million playing online poker. Booth cited the UltimateBet scandal as causing him to lose his confidence and second-guess his decisions.

Booth has unfortunately converted into a heel in recent years. He?s borrowed money from various pros ? including $30,000 from Doug Polk ? and contains failed to repay his loans.

The Canadian poker pro still grinds in low-stakes games and really wants to pay everyone back. But it?ll be tougher given that he doesn?t win nearly as much.

11 ? Mike Matusow
Mike Matusow had a rough introduction to the gambling world. He started out playing video poker in Vegas casinos so much he suffered repetitive strain in his arm.

Still an adolescent, Matusow continued sneaking into casinos and even stole money from his mom to fund his habit. Luckily, he attended gambler?s anonymous meetings and eventually found poker in 1989.

Taught by way of a pro named Steve Samaroff, Matusow would go on to become among the game?s most well-known players. His loud-mouthed nature and winning ways have made him a camera-friendly pro.

?The Mouth? has won four WSOP bracelets up to now along with over $9.5 million in tournament cashes. He was another player who, at one time, had a lucrative Full Tilt sponsorship.

Mark Matusow Gambling At WSOP

Unfortunately, Matusow has battled drug abuse throughout the majority of his adult life. He even spent six months in jail in 2005 after giving ecstasy and painkillers to an undercover cop.

Things have gotten a whole lot worse for Matusow nowadays. He suffered a spinal contusion in 2014 and was temporarily paralyzed.

Matusow finally regained the opportunity to walk and play poker by 2017. Unfortunately, he lost his home along with other possessions while struggling to play the game for so long.

He?s enjoyed a resurgence after winning over $100,000 in online cash games and taking part in recent WSOPs. Matusow has won some money in tourneys lately, but nothing beats he used to during his heyday.

Winning millions of dollars doesn?t guarantee one wealth and prosperity, especially in the gambling world. A number of the players on this list have won big, only to lose everything due to bad bankroll decisions and/or other problems.

Charles Wells, Erick Lindgren, Archie Karas, Brad Booth, Harry Findlay, Gus Hansen, Tom Dwan, and Ryazan all lost their money through poor money management. Dwan and Hansen are the only ones who seem to have maintained some level of wealth, in spite of their struggles.

Mike Matusow also lost his gambling fortune. However, he claims that this stems from a back injury, which left him unable to play poker for a long time.

Other gamblers like Billy Walters and Phil Ivey have suffered in non-financial ways. Walters is sitting in a prison cell after an insider-trading scandal. Ivey has spent additional time in courtrooms than at poker tables in recent years.

Many of these gamblers still have the abilities to produce a comeback and get on the road to success again, nonetheless it?s unfortunate they couldn?t have simply maintained their previous winning ways and avoided all of the drama.Different casino games give you varied likelihood of winning in the short run. Some see you win nearly half the time, while some keep you waiting longer for payouts.

The latter variety is what?s known as high-volatility games. They don?t pay as much because the average casino game.

Chances are that you don?t want to be kept waiting on wins. However, you need to at least consider playing high-volatility games.

I?m going to cover several volatile casino games which are worth trying. But first, I?ll discuss what volatility is and why it?s important in gaming.

What Does High Volatility Mean in Gambling?
Volatility identifies measuring how close or distant results are from the statistical average. High volatility, therefore, means that results are quite distant from the average.

This term also refers to measuring results within a specific timeframe. For example, you may think about the volatility for a three-hour slots session.

Variance is similar to volatility since it?s also a measurement of whether outcomes closely correlate with the average. However the key difference is that variance does not have any timeframe.

People often use volatility and variance interchangeably when talking about slots outcomes. However, the distinction is that volatility measures short-term results.

Talking about which, slots are believed just about the most volatile forms of gambling. These games pays you a huge prize in a single session, then drain your cash during the period of your next several casino trips.

Various Slot Machines

The reason why slots are so volatile is basically because they provide both large and small payouts. Slot machines must replace the huge prizes by paying less frequently than other casino games.

Here?s a simple exemplory case of a slots pay table:

3 racecars = 100,000 coins
3 Ferraris = 5,000 coins
3 regular cars = 1,000 coins
3 minivans = 100 coins
3 buses = 10 coins
3 bicycles = 5 coins
You can observe that the top prize is worth 100,000 coins. This game can?t spend frequently when there?s this type of big prize offered by the top.

Any casino game that provides one or more large payouts will also be fairly volatile. Meanwhile, games like blackjack and baccarat are less unpredictable.

They provide even-money payouts on wins and only have a house edge of around 1%. Therefore, gamblers can anticipate more consistent wins.

Why Does Volatility Get a Bad Rap in Casino Gambling?
The largest problem with volatile casino games is they?re very unpredictable. Furthermore, you won't ever know when to expect your next payout.

This inconsistency helps it be hard to plan in terms of bankroll management. Your money may also quickly disappear as you play these games.

The sad simple truth is that you?re likely to leave a loser with volatile games more often than not. They just don?t pay often enough that will help you net consistent wins.

However, the upside is you could also anticipate big payouts. I?m likely to discuss this along with other advantages in the next section.

Advantages of Volatile Casino Games
Playing unpredictable casino games with varied payout schedules may not seem like a good idea. This is especially true when contemplating that you?ll experience many dry spells with one of these games.

However, volatile forms of gambling do offer some advantages that you may enjoy. Here are the main element benefits of playing such games.

Play for Big Jackpots
If you?re seeking to win a huge jackpot, you then?ll most likely find it with a volatile game. Slot machines are especially popular for offering huge payouts.

For example, Microgaming?s Mega Moolah has paid out a jackpot worth over $20 million. Several other progressive online slots have delivered prizes worth eight figures too.

The probability of you winning this type of huge prize are extremely low.
Nevertheless, you don?t necessarily need to aim for payouts that?ll cause you to rich beyond your wildest dreams. There are also a lot of life-changing prizes worth six figures in the online slots world.

You don?t have even to play slot machines to try for big jackpots. Progressive blackjack and Caribbean stud can also deliver large prizes as long as you?re willing to make a side bet.

Play for Large Payouts on a Budget
One benefit of progressive jackpots is they give you a chance to win big without spending much money.

Most online slots only feature around a $0.25 minimum bet (25 lines at one cent apiece). Even at this rate, you can still qualify for a few of the big jackpots mentioned earlier.

Table games need a $1 side bet to qualify for the jackpot. Most players don?t mind putting in a dollar every hand to take a chance at a five- or six-figure payout.

Of course, the downside is that you?re most likely not likely to win a jackpot anytime soon, but this may not bother you when contemplating how cheap it really is to play volatile games.

A Huge Win COULD POSSIBLY BE Right Nearby
Earlier, I mentioned how games like baccarat and blackjack can offer you consistent payouts. The drawback, though, is that you could?t win payouts that are way bigger than your original bet.

Volatile games differ in this aspect because they give you an opportunity to play for huge payouts in every round. This scenario lets you dream big about winning a massive prize at any point.

How likely you are to win one of these brilliant payouts depends upon the chances. For example, you have a much better chance of getting a royal flush in video poker than you do winning a $10 million slots jackpot.

Sequential Video Poker Royal Flush

Whatever the payout size, it?s always fun to play for these types of payouts. And when you play long enough, you might perfectly get lucky.

Which Volatile Games Should You Play?
You can see there are plenty of reasons to take into account volatile casino games. However, you don?t desire to choose just any unpredictable game.

Some have extremely high house edges that make it unlikely you?ll win any profits. You wish to choose games that at least provide you with a decent chance to win in the long run, just in case you don?t collect a big prize.

The following games not merely offer you a solid possiblity to win but additionally have other aspects that produce them worth considering.

Online Slots
You have two main choices in terms of playing slots: land-based casinos and gaming sites.

You used to have to visit NEVADA or Atlantic City merely to enjoy land-based slots. Times have changed, though, with numerous brick-and-mortar venues showing up all around the US.

You can therefore search for a land-based casino in lots of places to enjoy slots, but you also should consider that these games have high house edges.

Land-based slots feature from a 5% to 12% house advantage. Penny slots are specially terrible because they supply the casino between a 10% and 12% edge.

Online slots are a great alternative if you prefer a better chance of winning. The average internet slot only has between a 4% and 5% house edge.

What?s more is that you could bet a cent per line (a.k.a. penny slots) but still qualify for these low house edges. Having said that, internet slots give you both a cheaper solution to play and an improved chance to win.

Of course, you still have to cope with the heavy volatility that?s associated with any slot, however the good news is you could at least look forward to better odds.

Poker Tournaments
Poker tournaments permit you to compete against other players for a tournament prize pool. The exciting thing about these tourneys is that you can use skill to boost your chances of winning.

Assuming you become a really good poker player, then you could even win long-term profits. Maybe even more exciting is that some tournaments offer payouts worth six or seven figures.

The main downside with one of these events, though, is that only around 10% of the field cashes. Herein lies the big volatility of poker tournaments.

You can see an example of tournament prize pool distribution below.

100 entrants
$100 + $10 (fee) buy-in
100 x 100 = $10,000 prize pool
1st place ? $4,000
2nd place ? $2,000
3rd place ? $1,000
4th-5th place ? $500
6th-10th place ? $400
If you play slots along with other volatile games, then you may be perfectly fine with this uneven distribution. You also have a stronger shot at the prize money by improving your poker skills.

Roulette
Roulette gives you a chance to make either low- or high-volatility bets. Low-volatility wagers are found externally of the board, while more unpredictable bets can be found on the inside.

Roulette Playing The Bet Field

You can observe how roulette wagers differ regarding their odds and volatility below.

Single number ? 36:1 odds, 35:1 payout
Split ? 17.5:1 odds, 17:1 payout
Street ? 17.5:1 odds, 17:1 payout
Corner ? 8.25:1 odds, 8:1 payout
Six line ? 5.17:1 odds, 5:1 payout
Column ? 2.08:1 odds, 2:1 payout
Dozen ? 2.08:1 odds, 2:1 payout
Odd/even ? 1.06 odds: 1:1 payout
Red/black ? 1.06 odds: 1:1 payout
High/low ? 1.06 odds: 1:1 payout
European roulette features exactly the same house edge on every bet. Therefore, you may make any wager ? high or low volatility ? and appearance forward to exactly the same long-term likelihood of winning.

The main thing you should worry about is whether you need to chase big payouts with lower odds or go for even-money prizes with higher odds.

In either case, you can?t go wrong with European roulette when considering that all bet only carries a 2.70% house edge.

Video Poker
Video poker is comparable to poker tournaments for the reason that it lets you use skill to boost your chances of making profits. The only difference is that video poker is really a house-banked game, meaning the casino has an edge.

However, most video poker games include a really small house advantage. 9/6 Jacks or Better, for instance, only includes a 0.46% house edge.

The key thing is knowing which video poker games provide you with the best opportunity to win. You also need to choose the best paytable for every game.

The 9/6 before Jacks or Better means that a full house pays 9 coins and a flush pays 6. However, 9/5 Jacks or Better pays 5 coins for a flush.

This lone difference may not seem that important, however.

9/5 Jacks or Better features a higher 1.55% house advantage.
The other thing you have to be aware of is that video poker takes a good deal of strategy. You must know which cards to help keep and get rid of in every situation.

Needless to say, you?re not necessary to learn a strategy before playing, but you?ll definitely wish to accomplish so when considering the low house edge that?s possible.

As for the volatility, video poker features payouts as high as 4,000 coins (royal flush), 250 coins (straight flush), and 125 coins (four of a kind). You must bet five coins so as to play for these prizes.

The great thing about video poker is that it?s less volatile than slots. Most of the hands will be made of up smaller payouts which come quite frequently.

You?ll still deal with some degree of unpredictability when contemplating the large prizes, nevertheless, you can at the very least win around 45% of your hands with correct strategy.

Don?t Play Every Highly Volatile Casino Game
You should never play casino games just for the big payouts. After all, some games and bets feature terrible house edges that?ll make you lose quickly.

Here are a few high-volatility games you want to avoid.

Certain slot machines (mostly land-based)
Keno
Craps prop bets
Side bets at table games
Earlier, I discussed how some slots have high house edges. These games not only subject you to serious unpredictability, but they also offer weak long-term chances of winning.

Megabucks, for example, is a famous Las Vegas slots machine that?s paid several mind-blowing jackpots. For example, this game holds the record for delivering a $39.7 million jackpot in 2003.

Many players only look at the progressive jackpot meter on Megabucks and immediately start inserting their money. However, the issue with Megabucks is twofold:

It requires a $3 minimum bet (300 lines at one penny)
The house edge is 12%
In case you have money to blow, then by all means, take your chance at a life-changing payout. But Megabucks hits you hard on two fronts with the large house advantage and big minimum wager.

I don?t mean to pick on Megabucks; there are many other slots that present the same problems. Unless your only goal would be to get rich through slots, I don?t recommend playing such games.

Keno is really a lottery-style game that sees you fill out tickets in hopes of having your winning numbers drawn. The excitement comes from tips on how to win big on a dollar ticket.

The downside, though, is that some keno games feature up to a 40% house edge. You might as well play the lottery and go for even bigger jackpots with these terrible odds.

Craps offers some good bets, including pass line (1.41% house edge) and don?t pass line (1.36%). Unfortunately, it also has some of the worst prop bets that you can buy.

6 People Playing Craps

Any 7 and ?Whirl? are the worst offenders, featuring a 16.67% and 13.33% house edge, respectively. Here are other really bad craps wagers:

Craps (2, 3, or 12) = 8:1 odds (7:1 payout)
Hard 4 / hard 10 = 8:1 odds (7:1 payout)
Hard 6 / hard 8 = 10:1 odds (9:1 payout)
11 (Yo or Yo-leven) = 17:1 odds (15:1 payout)
3 = 17:1 odds (15:1 payout)
2 = 35:1 odds (30:1 payout)
12 = 35:1 odds (30:1 payout)
Again, some table games provide you with a possiblity to play for big progressive jackpots, but these same games may also feature side bets with really high house edges.

For example, blackjack supplies a popular Lucky Ladies side bet. This fun wager pays big when your first two cards are the queen of hearts. But it?s not so fun when contemplating the 24.71% house edge.

BE SURE TO Have the Bankroll for Volatile Games
Although you may choose volatile games that provide you decent long-term odds, you still want to perform bankroll management calculations beforehand. Doing so gives you an idea of what kind of funds you should make your entertainment last.

The only real problem, though, is that bankroll management becomes harder because the unpredictability increases. But you can still make some estimations and perform decent calculations.

For example, the common slot machine will truly see you lose around 250 bets typically. This figure assumes that you don?t win any big payouts.

You can use this number along with other variables to come up with a bankroll plan. Here?s a good example:

You have $1,000 to play slots with
You make $1 bets on average
1,000 / 1 = 1,000 total units
You lose around 250 bets each hour
1,000 / 250 = 4
Your bankroll will theoretically last for four hours
How precise you obtain with bankroll management depends upon your preferences. For instance, you may actually track your losses throughout multiple sessions to acquire a good idea of how many bets you?ll lose.

However, you don?t have to go this far. The main element would be to simply have a vague idea of how much cash you?ll dependence on however long you feel like playing.

Highly volatile games may have a bad reputation in the casino world, but they do involve some advantages that make them worth playing.

These games offer big payouts for relatively cheap bets. It is possible to spend $1 or less oftentimes to play for life-changing prizes.

Many gamblers find volatile games thrilling because of how a big win could possibly be right nearby. Contrast this to baccarat or blackjack, where you can only win around without a doubt (i.e., even money).

Some of the best volatile casino games include roulette, poker tournaments, video poker, and certain online slots. They all have unique qualities that make them worth looking into.

I personally love poker tournaments since they offer the possiblity to use skill to improve my chances of winning big. Slots are also exciting as a result of huge jackpots.

Needless to say, I don?t advocate that you play every volatile game. Certain games and bets feature ugly house edges that?ll make you lose at an accelerated rate.

Avoid expensive slots with high house advantages, along with craps prop bets, keno, & most table game side bets.

So long as you avoid these games, then you should have a good time with volatile casino gambling. It offers you the chance to play for huge jackpots and dream big.There are numerous pros and cons that come to mind when comparing online with land-based casinos, and we'll likely hear every one of them in promotional initiatives over the next few years. The truth of the problem is that certain segments of the marketplace will always favor one of these gaming venue options over the other.

I also believe that it is safe to state that ? because of this competition ? the entire casino gaming customer base will grow at a faster rate and coexistence will continue indefinitely. Any predictions beyond those, however, will be a real gamble.

The competition is real, you will see winners and you will have losers. The battlefield includes every state in the united kingdom, and Washington D.C.

Today, online casino gambling volume is running a distant second to the traditional, brick-and-mortar casino experience, but recent closures of numerous casinos in the united states may be ominous. Wall Street?s Morgan Stanley has conservatively predicted that by 2020, online gambling in america will create exactly the same amount of gaming revenue as Las Vegas and Atlantic City combined ? $9.3 billion.

The issue has striking similarities to the debate between residing at home to view major sporting events versus attending the events live. Among my fanatical fantasy football friends and longtime season ticket holder hadn?t missed a Cowboys home game in 10+ years along with his three sons.

This season, he decided ? with the concurrence of his sons ? to forego the games and use the money previously expended on tickets, parking and concessions each week and instead purchase another large, flat screen TV each week because of their media room at home. At the end of the season, the family would have a full wall of televisions enabling them to view virtually every NFL game weekly simultaneously.

And mom would no longer need to spend Sunday afternoons during football season alone.

It?s been long said that a man?s home is his castle, and today even that definition is being expanded upon. Media rooms, home theaters, game rooms, home offices, exercise rooms . . . and now your own home can be your casino. Soon you might be able to stay in your pajamas all day long.

Popular business plans today ? whether for proposed start-ups or for the reorganization of an organization?s or industry?s existing modus operandi ? strive to minimize direct human involvement in favor of technology for greater efficiency. An ideal example of that is Uber, which identifies itself as a global transportation technology company.

Online casinos obviously enjoy substantial savings with regards to facilities, equipment and employees over their land-based counterparts, and lower expenses you could end up

more attractive returns for investors,
a fresh source of potential taxation revenue for the states,
and/or ? God forbid ? greater returns to the gambling public via better odds, bonuses, etc. (The jury continues to be out on that one.)
An interesting component yet to be determined in this conflict will be the identity of new and surviving major owners/operators of online casinos.

While giants like Walmart and Costco jumped into online merchandising and sales besides their traditional brick-and-mortar operations, relative newcomer Amazon put all its eggs in a single basket.

They rationalized that it?s hard to talk out of both sides of one's mouth simultaneously. Their experience has obviously been rewarding and lends confidence to entrepreneurial concerns taking into consideration the emerging online casino gambling market.

Consensus among major names in the traditional casino industry is non-existent. Caesars Entertainment Corp. and MGM Resorts still look like evaluating if they can successfully operate both online and traditional casinos at the same time. Alternatively, CEO Sheldon Adelson of casino conglomerate Las Vegas Sands has pledged to accomplish everything in his capacity to stop the continuing rise of online wagering.



Online casinos and their supporters tout their advantages, often in tongue-in-cheek fashion, over the traditional land-based casino experience. Poster compliments of BLOG (Back Legal Online Gambling) DOG, Dallas Texas USA

Me?

I like to root for the underdog.

And no you can deny that there are multiple benefits to be realized from the continued expansion of online casino gambling. Some could be real while others imagined. Some could be serious while others somewhat light-hearted. Some may have less than desirable consequences and/or side effects.

Relying, however, on the propaganda put forth by each respective side is tantamount to believing what presidential candidates say throughout their campaigns.

Let?s look at a number of the more obvious advantages of online casino gambling to players:

Convenience
Most gamblers and would-be gamblers aren't within walking distance of a casino. For some, it needs an overnight or weekend trip and a bunch of associated expenses. And trust me, the free drinks do not cover these expenses. If the ability to gamble was your primary reason behind making the trip, the very first time you sit back at a table you are in the hole.

Online casinos also recognize the shortening of an individual?s attention span in today?s fast-paced world. Online gambling allows the participant to start out and stop as often as desired, also to jump to another game in just a matter of seconds.

And selecting games available to online gamblers is virtually unlimited in comparison with traditional casinos.
The only ?convenient? option open to many of those who enjoy casino-style gaming is the local unregulated ? and usually illegal ? game room. These typically present a less than desirable image and are often located in unsavory elements of town.

And in their effort in order to avoid detection for legal reasons enforcement, they are generally ?camouflaged,? further jeopardizing one?s safety when on the property ? especially after dark.

Comfort
The traditional casino experience, as romanticized in television commercials and James Bond movies, is a public, social experience as well, filled up with blinking lights, bells, buzzers, crowd reactions and distractions, etc.

That?s fine if that?s everything you?re looking for.

Alternatively, online casinos spend the money for opportunity to legally gamble in a safe, relaxed, comfortable environment ? like your home or office ? whenever you want. No drunks, no smokers, no non-stop talkers sitting close to you, no dealers to tip, etc.

And perhaps the most comfortable feature of most is the lack of feeling rushed. Any player with almost any system needs more time initially until that system becomes automatic.

Privacy
Privacy is another factor that individuals prioritize differently. Some gamblers like to see and be seen. It is possible to sometimes catch them smiling at the a huge selection of cameras through the entire casino. Others will be completely content to be invisible.

Paranoia even causes some to believe that anyone obtaining a little too close physically is most likely with the IRS. More gamblers today belong to this second group and greatly appreciate the privacy afforded them because they sit in front of their computers at home.

The road traveled by online casino gambling supporters to-date has not been completely paved, and potholes and speedbumps still loom coming.

Below are a few of the hurdles before them:

Federal and State Gambling Laws
To quote noted gambling author Randy Ray, ?Gambling laws in america are probably more difficult than you think.?

And that?s an understatement.

Most states employ the ?dominant factor? test to determine if an activity is legal or not ? if it?s skill, it?s legal; if it?s chance, it?s not.
But not all states have adopted these criteria, and those that have can?t agree into which category some games fall.

Some states allow what they define as ?social gambling.? Others differentiate between what they call ?simple gambling? and ?aggravated gambling.? Both are illegal, however they are viewed differently with regards to seriousness and carry different ranges of punishment. Some states expressly prohibit internet gambling of any kind.

On the federal level, Congress and the courts remain not in agreement as to what?s legal and what isn?t. One law that remains on the books, however, is the Unlawful Internet Gambling Enforcement Act (UIGEA), which makes it illegal to facilitate financial transactions across the internet for purposes of placing wagers. For a further understanding of this law, I suggest you head to law school.

Suffice to say that anyone contemplating an entry in to the online casino gambling business should heed a simple warning ? Don?t leave home without your attorney.

Organized Opposition
A controversial topic like online gambling creates strange bedfellows. The ancient proverb, ?The enemy of my enemy is my friend? comes to mind. Some church groups ? generally against all types of gambling ? have discovered themselves aligned with some major land-based casino owners/operators towards online casinos. Their weapons of choice are typically directed promotional initiatives and intense legislative lobbying.

And deep pockets like those of Sands CEO Adelson, the 12th wealthiest individual in the country, assure the opposition the funds necessary to be heard.

Public Image
Opposition tactics on both the federal and state levels have been carefully crafted to influence the general public image and mindset regarding online gambling ? rather than in a good way.

Suggestions of the involvement of sinister, unsavory individuals recreate memories of similar image problems facing traditional casinos several decades ago.

Opponents also point to the ease that internet gaming could provide in the laundering of large sums of dirty money by cartels or organized crime, although there is absolutely no evidence to-date that this has been the case. Images such as these, whether true or not, will be difficult to overcome.

Perception, you remember, always beats reality.

Gambler Trust
The dynamic growth projections of online gambling revenues on the next 3-5 years are based on the confidence and trust by online gameplayers in the technology and site management of their favorite online locales. The client service functions and their satisfactory performance in handling problems and complaints are critical elements in securing, maintaining and expanding their customer base.

Online and land-based casinos ? can they both live and prosper in harmony?

Just how many rounds can David not in favor of Goliath?

WHEN I predicted earlier, both will still be standing by the end of this bout, but both are sure to involve some new wounds and scars to attend to.

The impact of the web on our daily lives continues to dictate just how we live, think, work and play.

And we haven?t really begun to see the impact robotics and artificial intelligence will definitely have on our future.

Online casino gambling is here now to stay, not only in the United States, but all over the world.
Its landscape will continue steadily to change as we battle to become comfortable with technology.
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