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Gambling card games ascent game

Postby Tojanos В» 20.11.2019

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With the rapid expansion of land-based casino gaming across the U. And with the great advancements in gambling knowledge and game strategy over this time period, more gamblers — millennials in particular — are more sophisticated and more knowledgeable about gambling than at any point in the history of mankind.

The casino is losing its mystique, and the product of gambling is maturing. As a consequence, the tastes of the modern gambler are changing, such that there is an increasing demand for gaming activity that is more social in nature, and an increasing demand for gaming activity at least partially based on skill.

Basing payouts on Pong The first and most prominent interpretation of this trend thus far has been to develop video slot games designed to appeal to a video game generation.

Bally's slot adaptation — approved by Nevada gaming regulators in — included a bonus feature in which the player would play a second round of Pong , and the player's performance affected the payout; the difference in expectation between the best player and the worst player in this bonus feature was 7 percent. More recently, in October , the New Jersey Division of Gaming Enforcement announced that it was "currently authorized to approve" and "eager to receive" skill-based game submissions for review under its New Jersey First program.

New Jersey First was designed to encourage the development of casino games in New Jersey combining both the social and skill-based elements found in games like Candy Crush and Words with Friends by allowing games with such features to be fast-tracked to the casino floor within 14 days of approval, provided that the game is "submitted to New Jersey prior to or simultaneously with any other jurisdiction or testing lab.

Oddly, completely absent from the discussion about the demand for social and skill-based games is the area of the casino floor that historically has been both the most social and most demanding of skill. That area is the table games pit. Let's start by first talking about the state of blackjack, the most popular casino skill game of them all.

The rise and slow death of blackjack Ever since Ed Thorp introduced the first card counting system in in his book Beat the Dealer , blackjack has led the way as the game of choice for intelligent gamblers in the table games pit. Part of the reason for blackjack's popularity was the fact that some gamblers like to make decisions and have some level of control over the outcome. But the chief reason for blackjack's exceptional popularity was the idea that the game was beatable, and the idea that blackjack represented a fair game.

The fact is that most people who play blackjack don't even play perfect basic strategy; moreover, relatively few people know how to count cards, and even fewer among them can do it proficiently enough to beat the game.

But the idea that a gambler can walk into a casino and beat a game that's not intended to be beatable — and in a place in which the player is not supposed to win — is a romantic one, and has been strong enough to power the brand of blackjack for the past five decades.

And even setting card counting aside, blackjack has indeed represented the fairest gamble in the house, with house advantages under perfect basic strategy generally in the 0.

The result is that in the history of legalized and regulated gambling in the United States, blackjack has been the game that smart people play.

But all of that is changing. Over the past decade, casinos have taken the most extreme steps to eliminate risk from card counters in particular, as there is no fundamental reason why the casino is obligated to offer a mathematically beatable game.

The first big trend was the increasingly widespread use of continuous shuffling machines CSMs , which speeds up the game but also eliminates card counting.

Another more recent trend is that some casino operators have moved to make a more drastic step of paying on blackjack not only on single-deck alternatives, but also on two-deck and multideck shoe games; paying rather than adds 1.

What's happened in the process is that the casinos are gradually and probably unintentionally eliminating any incentive to learn a complex basic strategy for a game that not only is no longer beatable, but in an increasing number of cases does not even offer a more favorable house advantage than can be found in games requiring no skill whatsoever. By way of comparison, the Banker bet in baccarat offers a 1. And for the most part, the modern gambler has begun to move on from blackjack.

At its peak in , there were 3, blackjack units in the state of Nevada, representing Note that the decline as a percent of all table games revenue in the table below is largely a function of the spectacular rise in predominantly high stakes baccarat play on the Las Vegas Strip over this time period.

Proprietary alternatives: Game strategy and the skill-free rate As blackjack continues to lose real estate on the casino floor, this real estate has in part become occupied by non-traditional, usually proprietary alternatives such as Three Card Poker and Caribbean Stud.

These games are typically protected by patents and trademarks Pai Gow is a notable exception, though several modified variations of Pai Gow are patented , and are generally leased to casinos. In , non-traditional games represented 2. Such new games are our area of interest. The next question is how well these new games satisfy the demand for skill games.

If a game is going to require any skill whatsoever, the game should have a lower house advantage than that being offered by games with bets requiring zero skill. The best example of this is blackjack, a game which has incentivized gamblers to learn a relatively complex basic strategy by a historically being beatable and b by offering a lower achievable house advantage under basic strategy than other games like craps and baccarat.

The second point is a natural extension of the first. The more decisions a player has to make, the more mistakes the player will make, and the less likely it is that the player will achieve the theoretically optimal house advantage. This leads to player value risk , or the risk that the player is losing more money faster than he should be.

This needs to be compensated for with a lower theoretical house advantage. In finance and investing, we have a theoretical risk-free rate of return, which serves as a benchmark against which all decisions are made. In casino gambling, we have what I'll call the skill-free rate , which serves as a benchmark house advantage against which games requiring skill should be compared.

At a minimum, the adjusted house advantage better known as "element of risk," which I'll explain in a minute for a game requiring skill should be lower than the 1. These are typically the lowest house advantages offered by the casino without requiring any decision-making or skill. Of the traditional games -- blackjack, baccarat, craps, and roulette -- only blackjack requires any decision-making or any skill whatsoever.

New proprietary table games are often poker-based variants, and have a range of skill requirements. In Three Card Poker, the player starts with an initial ante wager and is dealt three cards; optimal strategy is to bet with Q or better, which is all you need to know to get to the house advantage of 3.

In High Card Flush, the player antes and is dealt seven cards; according to Wizard of Odds , the correct strategy is to bet the maximum allowed when dealt four or more cards of the same suit, or a three-card flush of J or higher to J are borderline , which will get close to the house advantage of 2. In Crazy 4 Poker, the player starts with two initial wagers an Ante and equal Super Bonus wager , and is dealt five down cards; the perfectly optimal strategy is to bet the maximum 3x the Ante with a pair of aces or better, and bet the minimum 1x with K-Qx or better the best four-card hand plays.

These games are strategically simple by design, and are intended to serve as lowest common denominators. The advantage of these games is that virtually anybody can play these games perfectly or near-perfectly in the case of High Card Flush , even if very few people who play these games seem to actually know the strategies for them.

But at the same time, the limitation of these games is that they satisfy the demand for skill games only on the most cursory level. Clearly, there's room for more sophisticated games. But how well are players being incentivized to learn more complicated strategies? The classic smash hit Caribbean Stud SHFL requires five strategy rules for effectively perfect play, to approximate the theoretical house advantage of 5.

Even adjusting for an average bet of 2. This in large part explains why Caribbean Stud is in decline, particularly when compared to other new alternatives. At an average of 2. Mississippi Stud is a game that features a currently unique combination of scalable betting the player can bet 1x-3x the ante on three successive betting rounds, for a total of up to 10 units wagered in a single hand and scalable payoffs all wagers pay according to a pay table, resulting in some potentially large payouts.

However, the game requires 23 strategy rules to be played optimally, which gets the player to a house advantage of 4. Ultimate Texas Hold'em is by far the most attractive of these games, with a theoretical house advantage of 2. This house advantage is not practically achievable — Stephen How of Discount Gambling presents basic strategy with 23 categories of rules that get the player to 2.

Source: wizardofodds. In Conclusion: Incentivizing millennials with value It's tempting to want to say that millennials simply have different tastes and are more demanding of games which are social and skill-based in nature, and that's why they don't gamble as much as the gaming industry would like.

That may be true, but it's also a copout. The simple fact is that even as gamblers continue to get smarter and smarter, there are fewer and fewer games for intelligent gamblers to play. Card counting in blackjack is being systematically eliminated. This is completely understandable, in the context that there's no fundamental obligation for the casino to offer a mathematically beatable game. But as noted earlier, with the increasing adoption of blackjack with an additional 1.

And thusly, blackjack is dying a slow death. Meanwhile, the new proprietary table games are not filling the void left by countable blackjack, and are not meeting the demand for skill games.

Many of the most popular games currently on the market such as Three Card Poker, High Card Flush, and Crazy 4 Poker are extremely simplistic by design. And aside from perhaps Ultimate Texas Hold'em with an adj. The point is, if casino operators are serious about marketing to a more sophisticated generation of gamblers — millennials — there's clearly room to offer games with both higher skill components and lower house advantages to compensate. Click here for The Motley Fool's resources on Coronavirus and the market.

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Re: gambling card games ascent game

Postby Viramar В» 20.11.2019

Check with your hotel and see if they have them. Best Seller. Note that the decline as a gamblig of all table games revenue in the table below is largely article source function of the spectacular rise in predominantly high stakes baccarat play on the Las Vegas Strip over this time period.

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Postby Tell В» 20.11.2019

The second point is a natural extension of the first. Even with a fundamental understanding of the BJ strategy, you can make your money last quite some time there carr still an element of luck involved. You can play for hours on very little money and it's a very social slow paced game.

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Postby Mezibei В» 20.11.2019

Craps, on the other hand, does not depend on the actions or bets of other gaames. The point is, if casino operators are serious about marketing to a more sophisticated click to see more of gamblers — millennials — there's clearly room to offer games with both higher skill components and lower house advantages to compensate. Includes places to see and things to pack!

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Postby Gogal В» 20.11.2019

Meanwhile, the new proprietary table games are gajbling filling the void left by countable blackjack, and are not meeting the demand for skill games. Lots of rooms will give you lessons so long as they are not too busy. The result is that in the history of legalized and regulated gambling in the United States, blackjack has been the game that smart people play. Hundreds of these machines have already appeared in stores and restaurants throughout Virginia, and the D. Watch this Topic.

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Postby Meztigrel В» 20.11.2019

Most resorts offer free lessons. And aside from perhaps Ultimate Texas Hold'em with an adj. Tatiana Vidaurre Oncologia Medica.

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Postby Kezahn В» 20.11.2019

Dining: what is "Open Table"? MGM offers a beginners poker table. BJ and Craps offer the best odds, but I would suggest avoiding BJ unless you have the time and inclination to learn the basic strategy well. We use virtual reality for the physical and emotional bames of cancer patients PLAY. Eugene Volokh 3.

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Postby Brahn В» 20.11.2019

These games are typically protected by patents and trademarks Pai Gow is a notable exception, though games for download modified variations of Pai Gow are patentedand are generally leased to casinos. Is it dependable? New Jersey First was designed to encourage the development of casino games in New Jersey combining both the social and games elements found in games like Candy Crush and Words with Friends by allowing games with such features to be fast-tracked to the casino floor within 14 days of vames, provided that ascent game is "submitted to New Jersey prior to card simultaneously with any other jurisdiction or testing lab. In Crazy csrd Poker, the player starts with two initial wagers an Ante and equal Super Bonus wagerand is dealt five down cards; the perfectly optimal strategy is to bet the maximum 3x the Ante with a pair of aces or better, and bet the minimum 1x with K-Qx or better the best four-card hand plays. It gambling possible for a player to 'win' or make money every single time," Flowers added, "if the player is dedicated and patient enough.

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Postby Gujind В» 20.11.2019

Transportation- Car rental: Read article deals? Even with a fundamental understanding of the BJ strategy, you can make your money last quite some time there is still an element of luck involved. Search for:.

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Postby Daishura В» 20.11.2019

I'd recommend spending the bulk of your time practicing basic strategy for blackjack. Most of the gajes bets you see on the craps table are bad bets anyway and not worth the trouble to learn. Join Stock Advisor.

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Postby Tygozshura В» 20.11.2019

Jeff Hwang. Adressa Tejada - Research. In Three Here Poker, the player starts with an initial ante wager and is dealt three cards; optimal strategy is to bet with Q or better, which is all you need to know to get to the house advantage of 3.

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Postby Doktilar В» 20.11.2019

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Postby Ararn В» 20.11.2019

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Postby Goltikazahn В» 20.11.2019

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Postby Kajikree В» 20.11.2019

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Postby Nill В» 20.11.2019

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Postby Mazuramar В» 20.11.2019

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Postby Voodoozahn В» 20.11.2019

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Postby Nigami В» 20.11.2019

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Postby Meztilkis В» 20.11.2019

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Postby Faedal В» 20.11.2019

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Postby Shaktikree В» 20.11.2019

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Postby Dougar В» 20.11.2019

About us. The point is, if casino operators gqmbling serious about marketing to a more sophisticated generation of gamblers — millennials continue reading there's clearly room to offer games with both higher skill components and lower house advantages to compensate. New proprietary table games are often poker-based variants, and have a range of skill requirements.

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Re: gambling card games ascent game

Postby JoJolkis В» 20.11.2019

About us. And for the most part, the modern gambler has begun to move on from blackjack. Meanwhile, the new proprietary table games are not filling the void left by countable blackjack, click are not meeting the demand for skill games. If you go mid-morning, that would be the best time.

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Postby Kagagal В» 20.11.2019

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Postby Guzil В» 20.11.2019

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Postby Tojashakar В» 20.11.2019

At a minimum, the adjusted house advantage better known as "element of risk," which I'll explain in a minute for a game requiring skill should be lower than the 1. Clearly, there's room for more sophisticated games. Special Offer.

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Postby Meztijinn В» 20.11.2019

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