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dealing the facts on the shady online casino gambling game

D.O.B                   09/03/????
Marital status      Been there, done that!
Education            Esteemed English University
Career history     Security intelligence services
Interests             Victimology, travel, art, baccarat

From crooked parking lot pay offs, to the influential at the top of the casino industry. Lenny Lane deals the facts on shady events; past & present, in the online casino game.

lenny lane lurker deals the facts on shady events in the online casino gambling game

Previous Editorials

Unwarranted Mobile Gambling

Dirty Casino Means Dirty Affiliates

Crazy Casino Lawsuits

A Sheep in Wolf's Clothing

GPWA - Gambling Portal Webmasters Association

Casinos High-Rollin' Love


Casinos High-Rollin' Love

Have you ever seen an online casino sweat bullets? If you take the time to peek in on a high roller you might just do that. The biggest threat to any casino, online or land-based is the large bet. And I say bet in the singular because it makes a difference to the casino whether you are a whale who likes to play indefinitely.

As far as the casino is concerned, if you are going to make consistent big bets, the casino knows in the long run they are going to get their take, whether you are playing roulette or blackjack. The Basic Rules of Probability state there is a much greater chance for a casino to come out on top or at least even when multiple bets are made, as opposed to a few large bets. In other words, an online casino would much rather see 1,000,000 $1 bets at the blackjack table instead of a single $1,000,000 bet.

If you gathered all the whales in the world into one online casino it would be another story. In a situation like that the law of large numbers would begin to apply in the casinos favor.

What makes an online casino sweat, however, is the whale who likes to drop just a few very large bets. This is precisely why casinos like to woo their whales with huge cash bonuses, crap loads of perks, and I dare say a few unmentionables if the whale so requests – that’s Las Vegas for you Baby. If the casino shows they value a whale’s business, the whale will be more inclined to stick around and get in on more action (I am starting to sound like a narrator for Animal Planet). It’s accepted etiquette – And besides, no whale has a bank account larger than their ego – They wouldn’t let themselves be so seductively courted to begin with if they did. Whales like the attention – that’s the bottom line – Give it to them, and they will keep putting out.

The lesson of all this? Ha! You actually think I am here to teach you something! If you insist, then it’s this: Don’t try to be a whale if you’re not. If you are looking to put your entire bankroll on a single bet, sure the casino will sweat, but you are going to sweat more. You may win, but eventually you will take a big loss. But maybe you are okay with that – The more power to ya. Now, if you are a whale, you may want to consider playing just a few hands and walking away – even if you can afford to lose more. If you gamble often, keep a written account of all your bets, losses and winnings - and gage how well you fare over the long run. Enough said… See ya next time kiddies.


Ed - Views expressed are not necessarily those held by Gamblers Lodge

 

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