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  1. Interblock makes electronic craps games (and others) that are popular in casinos worldwide. A suit was recently filed against Interblock claiming that the game shorts players on winning bets by not paying the full payout odds. As with any casino game, the payout odds are already in the casino's favor, but.:
    By Steve Beauregard. When the table is good, craps is an exciting, seat-of-your-pants thrill ride. Somehow, they've figured out a way to make the game even more exciting with a longshot side bet called the “Fire Bet.” A fairly recent addition to the green felts in Las Vegas and beyond, the Fire Bet is a small side bet you place. They should be the same as at a craps table. While having the same payouts does not necessarily prove the dice are not manipulated, having one or more bets with higher payouts does indicate the probabilities are not the same as on fair dice -- especially if the house edge on the electronic game appears. Of the 56 million people that visited a U.S. casino last year, almost all placed some form of wager--from the nickel slots to blackjack. Non-Indian The "house edge" lies in the misalignment between the promised payout and the inherent odds of the game. The house Next to the craps table sits roulette.
  2. So from the Blackjack table, he suggests moving on to the dice game Craps, the game with the second best odds, also nearly The Craps table can be a bit intimidating for the beginner with all the boxes on the table, Bean admits. But it's really not tough, and it has one of your best chances of winning.:
    An electronic dice game popular at South Florida casinos is the focus of a lawsuit that claims it has been shorting patrons who win. parent company, based in St. Louis, said they don't comment on pending litigation, but noted they shut down the Isle machine once the payout structure was challenged. John Matarese reports on which casino games give you the best chance of winning. So from the Blackjack table, he suggests moving on to the dice game Craps, the game with the second best odds, also nearly The Craps table can be a bit intimidating for the beginner with all the boxes on the. But the player has the advantage on the free odds bets (those behind the don't pass/don't come line), which pay out at the actual mathematical odds, which means if you play it right, the house has no advantage at all. Free odds bets are the only bets in the casino in which the house has no advantage.
  3. It was true when three-reel games ruled slot floors, and it's true now when the large majority of games are video slots: Dollar slots yield a higher Slot machines don't give player the opportunity to make multiple bets in combinations like craps or roulette, or to take advantage of ever-shifting odds as card.:

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The payout percentage is the return that players receive for every dollar they wager on slot machines or other similar casino games. If you want to win a substantial payout in casinos today it is important to know which games offer you the best chance. Most people do not know that the games with the best odds are all forms of table games. However, in fact there is a higher chance of winning a high payout from the table games listed below.

Blackjack has the best odds of winning in every casino. Furthermore, in Blackjack you are playing against a dealer not poker professionals which makes it easier to win. The dice game Craps may seem like a complex casino game for beginners due to the many different kind of bets you can place but it is quite easy to master. Craps has the second best odds, a low house edge and can potentially return a high payout.

The average house edge is approximately 1. As you get more experienced, you can add more bets to your repertoire and begin to earn a higher payout. The next casino games with the best odds of winning is the Roulette wheel. Interblock makes electronic craps games and others that are popular in casinos worldwide. A suit was recently filed against Interblock claiming that the game shorts players on winning bets by not paying the full payout odds.

Some live table games remain illegal in the state of Florida, including craps, but the electronic varieties became legal in The lawyers believe the casino can research its records e.

The game was caught because someone finally did the math. The lawyers looked at Interblock machines in other Florida casinos and found that the same inconsistencies exist in almost every machine that they checked. The lawsuit makes specific mention of the Buy bet. The Buy bet is one of the best bets on a craps table because its house advantage is relatively low compared to most other types of bets.

Different bets have different house advantages. State gaming boards routinely check machines for compliance, but industry professionals say this irregularity is probably not intentional cheating by the casino, but rather a hiccup in the software code.

I know in U. With reference to Memorandum AM issued by Chief Counsel of IRS, "the fluctuating wins and losses left in play are not accessions to wealth until the taxpayer redeems her tokens and can definitively calculate the amount…" Does it mean during the slot machine play, the credits that show on the screen, although they can be exchanged for cash after the player takes it, are not owned by the player before the "take it" button is pressed?

If it is a free entry slot machine, the player is essentially risking nothing. Your letter is my first one from a reader in Hong Kong. Hong Kong's Wikipedia page says that gambling is allowed "at a limited number of authorized outlets" and the Casino City page for Hong Kong lists some other options.

It sounds like you're trying to find a loophole around gambling restrictions in Hong Kong. I can't speak for the regulations in Hong Kong but I can for the regulations in the U. With only one exception that I know of, any credits on the credit meter belong to the player.

The player is free to cash them out at any time. The one exception is promotional credits that can be downloaded to a machine and must be played and cannot be cashed out.

I'll ignore this exception in the discussion that follows. Because players own the credits on their machines, there's no such thing as playing with the house's money. You can always cash out your credits. You are always playing with your money. The memo to which you referred deals with how players are to determine their results for a session. The IRS acknowledges that there is a lot of back and forth winning and losing on a table game or slot machine.

Rather than trying to track the result of each bet, players are allowed to use a net figure for the machine, table or session. The treatment of gambling winnings is unfair in the U. Tax Code and the treatment would be far worse if players had to declare every winning bet on one form and every losing bet on another.

We're at least allowed to aggregate the bets into some of sort of summary by table, machine or session. It goes without saying that you'll need an attorney to advise you on the legality of your plan.

As you pointed out, this sort of gambling is allowed in Macau only. There's one part of your machine I don't understand. If it is free to play, how can you or anyone make any money off it? Because of the volume of mail I receive, I regret that I can't reply to every question. Ask the Slot Expert: How does the amount of money played on a machine affect the RNG? Converting free slot play to real dollars Ask the Slot Expert:

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A fairly recent addition to the green felts in Las Vegas and beyond, the Fire Bet is a small side bet you place in hopes of the shooter making four or more unique points. If he or she does, the payoffs can be huge, as a shooter who makes 6 unique points before crapping out results is a Fire Bet payout of 1, for one.

Prior to a new shooter, you toss the dealer a Fire Bet amount. Go here to read about the best places to play craps in Las Vegas. Winning or losing on the come out roll has no effect on the Fire Bet. If the shooter rolls say, a 3, and you crap out, you will lose your pass line bet of course, but the Fire Bet will remain.

It will stay there until the shooter establishes a point and then either craps out, or rolls four or more unique points. Once the shooter has established a point, the Fire Bet is in play. If she or she makes four or more unique points, you will be paid on the Fire Bet.

Keep in mind, they have to be unique points. A shooter who establishes a point of say, 8, then shoots a 9, makes his 9, shoots a 10 on the Come Out and then hits his 10, has made 3 points.

If he then rolls and shoots an 8, and makes his 8, the Fire Bet is still in play, but does not pay out as he has only made 3 unique points. In order to make the minimum Fire Bet payoff, he would have to establish a unique point in this example, either the 3, 4 or 5 , then make the point. The payout percentage applies to slot machine games and it is similar to the house edge. The payout percentage is the return that players receive for every dollar they wager on slot machines or other similar casino games.

If you want to win a substantial payout in casinos today it is important to know which games offer you the best chance.

Most people do not know that the games with the best odds are all forms of table games. However, in fact there is a higher chance of winning a high payout from the table games listed below.

Blackjack has the best odds of winning in every casino. Furthermore, in Blackjack you are playing against a dealer not poker professionals which makes it easier to win. The dice game Craps may seem like a complex casino game for beginners due to the many different kind of bets you can place but it is quite easy to master. Craps has the second best odds, a low house edge and can potentially return a high payout. The average house edge is approximately 1.

As you get more experienced, you can add more bets to your repertoire and begin to earn a higher payout. The next casino games with the best odds of winning is the Roulette wheel. It is quite a simple game to master even for beginner players and it pays very well. The idea behind Roulette is that each player bets on their favourite numbers, the dealer then spins the wheel and if your number is picked you win.

The majority of casinos have set the house edge for Roulette at 2. It is harder to know the casino games with the worst odds as many casinos do not want to disclose this information for obvious reasons. This game also called the Big Six Wheel and can be found everywhere from amusement parks to Vegas casinos.

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Plus, you are playing against only the dealer, not hooded poker champions. But the same is not true with poker: You should practice the game with your friends first, at home, Bean said, until you are comfortable with it.

Bean said novices are best off passing on the poker tables, where yes, the competition can be tough. You can find out more information about the game of blackjack at the following link: Craps So from the Blackjack table, he suggests moving on to the dice game Craps, the game with the second best odds, also nearly The Craps table can be a bit intimidating for the beginner with all the boxes on the table, Bean admitted.

But it's really not tough, and it has one of your best chances of winning. In the end, all you are really doing is betting on a dice roll. For more information on craps, visit: Roulette Bean said your next stop should be the Roulette wheel. It's simple, and pays fairly well. If it lands on red when you choose red, you will double your bet, Bean explained.

While it may seem you have an even chance of winning by simply choosing a color, there is one catch that gives the house its edge: It's on all American roulette wheels. Or, if you feel lucky, play just one number. It's hard to win, but if you do it pays out 36 to 1. For more information on roulette, visit: Worst Odds Your worst odds? The casinos, understandably, did not want to talk about games with poor odds. So we turned to Forbes Magazine, which in a report about Best Bets at the Casino , said two popular games -- the Wheel of Fortune and the ever-popular slot machines -- have the lowest odds of winning, with a house edge of 10 percent or more.

The Experts Agree Professor of Analytics Michael Magazine has crunched the numbers, and agreed that blackjack is the best way to go home with money in your pockets. The game was caught because someone finally did the math. The lawyers looked at Interblock machines in other Florida casinos and found that the same inconsistencies exist in almost every machine that they checked. The lawsuit makes specific mention of the Buy bet.

The Buy bet is one of the best bets on a craps table because its house advantage is relatively low compared to most other types of bets. Different bets have different house advantages. State gaming boards routinely check machines for compliance, but industry professionals say this irregularity is probably not intentional cheating by the casino, but rather a hiccup in the software code. The Isle Casino immediately took the machine out of play when they learned of the discrepancy. It was noted in the lawsuit that the money collected by the additional commissions stayed with the casino; it did not find its way back to Interblock.

The electronic versions of craps are rapidly gaining popularity over live tables for various reasons. Some players are intimated by a live table and prefer the anonymity a machine can offer. Younger players are so used to fiddling with their electronic gadgets that playing craps on a machine is comfortable for them.

Casinos like the machines because they take less floor space and cost less to operate i. So, the machines are here to stay, they just need the glitches fixed. Interlock simply needs to resolve the discrepant payout process and then the casino could open them up for play again.

It is unknown at this time if Interblock will take action to fix the machines, but it is believed to be in their best interest to do so or risk losing future revenue.

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Keep in mind, they have to be unique points. A shooter who establishes a point of say, 8, then shoots a 9, makes his 9, shoots a 10 on the Come Out and then hits his 10, has made 3 points. If he then rolls and shoots an 8, and makes his 8, the Fire Bet is still in play, but does not pay out as he has only made 3 unique points.

In order to make the minimum Fire Bet payoff, he would have to establish a unique point in this example, either the 3, 4 or 5 , then make the point. So basically, you, as a Fire Bet bettor, want the shooter to ideally make all six different points, the 4, 5, 6, 8, 9 and Here are the percentages each Fire Bet will be hit:. Other casinos, such as the Venetian, have a repeater side bet, rather than a Fire Bet. As of November , the Cromwell still offers the fire bet option.

Go here to learn how to play craps. It is, however also offered at the following Las Vegas casinos, on and off the Strip: There, the 4 point Fire Bet pays 40 to 1, rather than the standard 25 for 1.

The house edge, however, is made up by paying a person who wins a 6 point Fire Bet only for 1, rather than the more standard 1, for one.

On a table with a standard Fire Bet payout, for 1 when making 6 unique points the house edge is The dice game Craps may seem like a complex casino game for beginners due to the many different kind of bets you can place but it is quite easy to master. Craps has the second best odds, a low house edge and can potentially return a high payout. The average house edge is approximately 1.

As you get more experienced, you can add more bets to your repertoire and begin to earn a higher payout. The next casino games with the best odds of winning is the Roulette wheel. It is quite a simple game to master even for beginner players and it pays very well. The idea behind Roulette is that each player bets on their favourite numbers, the dealer then spins the wheel and if your number is picked you win.

The majority of casinos have set the house edge for Roulette at 2. It is harder to know the casino games with the worst odds as many casinos do not want to disclose this information for obvious reasons.

This game also called the Big Six Wheel and can be found everywhere from amusement parks to Vegas casinos. The concept is very simple, a big wheel with 54 different segments and which ever segment the Wheel stops at is your prize. With a simple concept usually comes extremely bad odds. The odds are at Furthermore the house edge starts at The loudest and most colourful attraction in any casino, Slots machines are supposed to attract first time gamblers.

The odds of winning a considerable amount are extremely high. Therefore, it is more profitable for players both online and offline to play table games especially the three with the best odds listed above for a high pay out and the best chances.

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