Internet 1×2 Busted

December 18, 2009

Internet1×2.com, an online gambling site specializing in soccer betting, was the scene of several arrests this week. The company, which is based in Israel has been operating now for a decade. It was started by two brothers and former Israeli Basketball players. It gained popularity a few years ago when it was associated with Yahoops.com, which was almost sued by the search engine Yahoo!. On Tuesday, the police uncovered the illegal online gambling network, which was reputed for its slow pays, and arrested 5 people who were suspected of operating an online gambling network catering to Israeli gamblers. Other members of the Organization who were involved with providing technical support to the websites and managing finances and payments as well as several gamblers, were also detained.

According to the Israeli police, this is just a taste of what is in store for those persons who insist on operating illegal online gambling operations.

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Mangas Gaming Acquires Everest Gaming Group

December 18, 2009

Everest Gaming Group is now owned by Mangas Gaming, the same French company that owns Betclic. This moves puts Mangas Gaming at the forefront of online gaming, establishing itself as a leading Player in all key areas of online gaming, including Sportsbetting, Poker, and Casino. With the addition of Betclic Poker, Everest Poker will become the first Poker community in France. Mangas will hold 60% of Everest while GigaMedia, a company listed on NASDAQ, will hold the remaining 40%.

Everest was one of the few gaming companies that was still using a proprietary Poker product that was developed in-house. Its sites were so well-known in Europe because they were tailored especially for the local market. Said Arthur Wang, CEO of GigaMedia, “Our strategy is to participate in the growth of this innovative and dynamic industry in Europe. We are glad to do it alongside the French’s leading sports betting and online gaming group.” Everest Gaming Group has been in operation since 1997 and staffs about 250 persons.

Mangas Gaming is the leading French sports betting and online gaming group. It has a presence in more than 25 countries and a client-base of 4 Million users.

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Gaming companies want freedom of movement

December 18, 2009

Gambling operators eager to tap into the monopolized European market, will have an even longer wait as the two Dutch gaming cases involving Ladbrokes, Betfair, and the Dutch State monopoly De Lotto, continue at the European Court of Justice (ECJ).

According to law, the EU member states can legally grant a single Operator the right to run betting and gaming operations. However, the Operators have argued that this limits their mobility and is in breach of the core EU principles on “freedom of movement”. The ECJ is in favour of the restriction and sees it as a means of protecting the player from fraud.

Yves Bot, advocate-general, said that, in order to extend gaming licenses, a competitive tender procedure should be introduced, as long as it does not affect public order and other important matters. He went on to confirm that member states do not have to recognise gambling licences which operators have obtained in other EU countries.

European Lotteries said that it welcomed the confirmation of the court’s previous jurisprudence.

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€10,000 Free Spin Bonanza at Casino Euro

May 19, 2009

Yours4money.com brings you exclusive news about CasinoEuro right from the horse’s mouth. This new promotion, which was launched on May 4th, has not yet been made public on their site, but in true Yours4money.com fashion, we are bringing it to you hot off the presses.

In the upcoming summer months, Casino Euro will have achieved a milestone and will have its 500,000th Player walk through its casino doors. Casino Euro will celebrate this momentous occasion by rewarding its loyal Players. If you are the 500,000th person to deposit and play at their online casino, you will receive €10,000 in free Slots spins. This promotion will continue CasinoEuro finds its 500,000th Player. Terms and conditions apply so be sure to speak with a Customer Support representative to get all the details.

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Turn the odds in your favour

May 13, 2009

It is possible to turn the casino’s odds in your favour. And, I’m not talking about special software or cheating the casino. Then how? The answer is as simple as counting to 21. I’m talking Blackjack, folks! Blackjack is the only casino game where you can turn the casino’s odds in your favour. Forget Craps or even Roulette. You see the difference between games like Blackjack and Roulette is randomness. In Roulette, the wheel spins, a button is pressed, and the ball lands on a number. This happens over and over again. However, the first spin does not influence or have any influence over the 2nd or 3rd or any other spins. The spins are random.

This is not the case in Blackjack, however, because when a hand is played, the cards are removed from the deck, thus changing the proportion of threes and sevens and Aces. And, if you know how to play your cards strategically, then you could have the upper hand, thereby turning the odds in your favour.

It’s not difficult to do. It’s just a matter of counting cards. There is a strategy to counting cards. When a good card is dealt, count up and when a bad card is dealt, count down. Below, is a fairly simple card counting guide:

Card 2 - Count +1
Card 3 - Count +1
Card 4 - Count +1
Card 5 - Count +1
Card 6 - Count +1
Card 7 - Count 0
Card 8 - Count 0
Card 9 - Count 0
Card 10 - Count -1
Card Jack - Count -1
Card Queen - Count -1
Card King - Count -1
Card Ace - Count -1

The easiest way to do this and understand the concept is to start from zero. Whenever you observe a given card, change the count by the indicated amount. When the count is positive, the deck is in your favour and you should increase the size of your wager. The larger the count, the more favourable the deck is to you.

The next question people usually ask is “Is card counting legal?”. In my opinion, it isn’t illegal or cheating. It’s just good mathematics. However, many casinos don’t take too kindly to card counters, because in their opinion, card counters know how to win, which undermines their overall goal - to win money from Players. So, now, you’re probably wondering if it even makes sense to count cards because it seems like a lot of work. Well, that depends on what you’re trying to accomplish. If you’re trying to become a millionaire counting cards; then forget it. Even the best card counters only get a one percent advantage over casinos; meaning they need to bet $100 to make back $1. If, however, you are trying to hone your skills and come away with a small stash; then you’re in the right field.

Learn more about Card Counting.

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Video Poker - Skill or Luck?

May 12, 2009

It’s easy to say that Video Poker is gambling and any game that is a gamble cannot be considered a game of skill. But, think about it, if you can gain a mathematical edge over the casino with the right decision, then shouldn’t that be considered skill?

Don’t get confused or flustered. This debate has been going on for years. And time and time again, the result is the same. Video Poker enthusiasts have ascertained that in order to make money playing Video Poker, you need knowledge of what Video Poker game has the best profit-making potential and skill. Oh, a hefty bankroll won’t hurt either. While others insist that it only takes a bad-luck streak to put any ideas of walking away with heavier pockets than you started with to bed.

Different Video Poker games pay out differently. For e.g., if Double Bonus Poker with its full 10-7-5 pay table (meaning full houses pay 10-for-1, flushes 7-for-1 and straights 5-for-1); then, you can calculate that the game will return 110.17%. However, if any one of these payoffs is reduced, the game drops to below 100%. In this case, which game would you rather play? Where skill comes into play things get a bit more tricky than calculating payoff percentages. For e.g., if you’re dealt a Qh, 4s, 8h, Jc, and 10h in Double Bonus Poker, what move would you make? Throw in the hand and deal again or HOLD some of the cards and then deal again? If you chose to throw in the hand, then you need to read up a bit more onVideo Poker strategies. If you said HOLD the Qh, 8h, and 10h and deal again, then you’re ready to play serious Video Poker.

Now, it is important to remember that, even if you have all the key elements, you are still not guaranteed to win, because luck does play a major role in winning at Video Poker. Look at this scenario. If you are playing Double Bonus Poker with maximum coins, the average number of times you are likely to hit a Royal Flush is 1 / 48,084 hands, which is 1.67% overall returns for the Casino. What does this mean to you? Well, basically, it means that you’re not playing a 100.17% game, but a 98.5% game instead. So, even if you play expert Video Poker, you’re still a contributor to the Casino in that session. Passing 48,084 hands assures you that you may hit at least 1 Royal Flush, but you could also hit none or 2 or even 3 during that space of time. If you hit none, then you will certainly dent your bankroll, hence the reason you need to ensure you have enough money to play with before you actually hit those Video Poker machines.

At the end of the day, the statistics don’t lay with 1 individual but collectively all those Players who played on that Double Bonus Poker machine. And, forgetting percentages and returns and all that other mathematical mumbo jumbo, while skill is of utmost importance, I think it is pretty safe to conclude that there is no guarantee that any 1 person, even an expert, will win at Video Poker. Why? Because, it’s gambling. And with gambling, you’re still taking a chance that, even with expert play, you will come out with more than you started.

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