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Tuesday, June 14, 2005

Revenue Share vs. PPH Agency

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

Dalton Wagner, Proprietor of V.O. Group, S.A. has recently found himself in the middle of a controversy between Revenue Sharing Sportsbooks and his Price Per Head Agency Concept. We had an opportunity to catch up with Dalton Wagner and discuss the issue on his last visit to Curacao.

Vegas Offshore: We hear that the Price Per Head offering you launched several months ago has landed you in some hot water?
Wagner: Yes, it appears that my Price Per Head Software offering has been a little too popular with onshore bookmakers and it is making my competition a little upset.

Vegas Offshore: Can you be a little more explicit?
Wagner: Several offshore bookmakers have lost relationships with their agents because my Price Per Head offering has lured them away and toward my offering. Specifically, several of the largest credit sportsbooks in Costa Rica have lost packages to me in the range of 500-1000 head apiece. And, they are not happy about it.

Vegas Offshore: Why are so many people leaving their agency relationships with credit sportsbooks?
Wagner: Well, in the old days an offshore sportsbook might partner with an onshore bookmaker. The deal was based on the onshore bookmaker finding the business and the offshore operator writing it and doing the accounting for a fee. The deal was typically 50%/50%. However, with my Price Per Head offering, I can offer the same offerings, but only charge the onshore bookmaker a nominal fee for using my service. The fact is that 50% is simply too much to charge an onshore bookmaker. I charge bookmakers a flat fee based on the number of head I am writing and let the bookmaker keep the rest of the money.

Vegas Offshore: Wait a minute. How can you afford to write the business for a simple fee when it historically cost 50%.
Wagner: The simple fact is that 50% of the revenue is ridiculous. I can charge a fee as little as $25 per head, per week and allow a client to have access to sports wagering, casino wagering and horse wagering – and, make a profit. Furthermore, we have written a software interface that allows agents onshore to manage their clients limits, run reports, etc. from any computer in the world. The offering is robust, efficient and simple to use. And, unfortunately for offshore sportsbooks that share in revenue, agents and bookmakers simply love it.

Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: No. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.

Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.

Vegas Offshore: Anything else you would like to add?
Wagner: Sure. If you’re a bookmaker onshore, call us or visit us online to learn how to save money and/or grow your business beyond your wildest dreams. The service is modestly priced, and we have never had a disgruntled user. The value proposition is simply huge for any bookmaker.

Vegas Offshore: So how does a bookmaker learn more about this?Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

0 comments

Innovation In Bookmaking

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.

Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.

Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?
Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.

Vegas Offshore: I’m confused, please explain.
Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.

Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?
Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.

Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.
Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.

Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.

Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?
Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.

Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.
Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.

Vegas Offshore: Do you have any success stories to tell?
Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.

Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?
Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.

Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.


Vegas Offshore: So how does a bookmaker learn more about this?Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

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Monday, June 13, 2005

State of the Offshore Gaming Industry

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of making one-dollar work like three in online marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998 and has quickly risen to be one of the largest offshore operators in the world with over 50,000 active clients. We had an opportunity to catch up with Dalton Wagner on his last visit to Antigua.

Vegas Offshore: This year has been interesting for V.O. Group, S.A. and the offshore industry as a whole (advertising changes, etc.). How do you feel about the industry at the current time?
Wagner: I feel the industry is as strong as it has ever been. We are still finding that our advertising is bringing us new clients at an ever-growing rate. Some competitors are complaining that the crimp on advertising is affecting the industry, but we are not seeing this trend. Consolidation within the industry has begun, and I am sure you will continue to see smaller competitors gobbled up, and medium to larger companies merging. The weaker will go by the wayside.

Vegas Offshore: What about the rumors of V.O. Group, S.A. being bought?
Wagner: I am glad you used the term 'rumors'. The fact is that in July 2004 three suitors approached V.O. Group, S.A. because of our record-breaking profit year. In two of the cases we did see 'value' in a merger/relationship. However, at the end of the day, we could not come to terms that were agreeable on both sides. At this time V.O. Group, S.A. stands independent. And, we are happy being independent, profitable and growing.

Vegas Offshore: It is rumored that Bet On Sports (PLC; BSS.L) was one of the suitors. Is that true?
Wagner: There were three suitors that approached V.O. Group, S.A. And, in all cases confidentiality agreements were signed. For this reason, I cannot confirm or deny who any of the potential suitors were. What I can tell you is that one was a major sportsbook player, one was a major casino player and two were PLCs. I doubt that helps.

Vegas Offshore: Well, if Bet On Sports was involved, I bet you are happy you weren't involved in their November 24, 2004 stock debacle.
Wagner: The Bet On Sports stock debacle was an over-reaction by the market in my opinion. In one day you saw their stock drop 50% in value. And, the reason was poor performance in a very short period. If you looked at the other publicly held offshore gaming companies, you saw the same thing, just not as drastic as with BSS.L. Simply put, I know the founder of Bet On Sports, I know the management of Bet On Sports, I know the staff at Bet On Sports and I would not hesitate to invest in Bet On Sports. They were, and still are, undervalued in my opinion. They are a great competitor and a great company. I wish I had some of their stock at the new adjusted price. I just don't see how you can lose.

Vegas Offshore: It is rare to hear the 'competition' speaking so highly of a major competitor. Why would you do so?
Wagner: Simple. Bet On Sports is a great company. And, I am sure they would tell you the same about V.O. Group, S.A. The fact is, that there are companies out there that make our industry stronger. And, ones that make it weaker. Bet On Sports and V.O.Group, S.A. strive to make our industry stronger and more legitimate on a daily basis (as do BetCris.com; BoDog.com; etc.). What kind of ambassador for the industry would I be if I downplayed a 'good' competitor like Bet On Sports for my own benefit?

Vegas Offshore: If Bet On Sports did approach you, would you consider a merger?
Wagner: I like being independent. But, simply put, NEVER say NEVER.

Vegas Offshore: What of the rumors that you are looking at Panama as a potential relocation site?
Wagner: Our operation currently has offices in Costa Rica, Antigua and Belize. In Costa Rica we currently have over 400 employees. With employment costs in Costa Rica on the rise, the burden of Caja and the ever-changing political climate, we have looked at several alternative locations. One of the most desirable is/was Panama. However, due to the massive failure of BetPanAm.com and the political debacle involving their past gaming commission, we have decided to stay put for the current time. I think it is very safe to say that our primary location will be Costa Rica for the next 5 years. Pending any crazy licensing or governmental changes.

Vegas Offshore: I have visited your office in Antigua, however had no idea that you employed 400 individuals in Costa Rica. Why do you need such a large staff?
Wagner: Our industry has a reputation for being lazy and getting by on a shoestring budget. Most sportsbooks, casinos, racebooks and poker rooms answer phones when it is convenient and buy computers when the ones they are operating blow-up. Most are simply embarrassing to the legitimate operators. To run an operation like ours, servicing 50,000 bettors, you need lots of space, a 1st rate phone system, fiber and satellite phone and Internet backups, IT professionals, accounting professionals, etc. V.O. Group, S.A. is currently located in 35,000 square feet of space, operating 24-hours a day, 365 days a year, and we are busting at the seems. At the current time, we are negotiating to buy the building next to us for future expansion. I think we will employ 600 people come this same time next year.

Vegas Offshore: I have noticed that you are still branching into other products. How has this strategy worked for V.O. Group, S.A.?
Wagner: In 1998 we started with our sports product. We then branched into the casino product. In 2001 and 2002 we opened several major race books and poker rooms. The fact is that we are profitable in all products. However, our core product, and hub for our advertising, is focused on the sports product. The strategy has worked, but we will not desert our core product. You can look for our re-launch of interactive betting in early 2005 and bingo in mid 2005.

Vegas Offshore: What other changes do you see in 2005 for V.O. Group, S.A.
Wagner: I think you will see V.O. Group, S.A. work more on our Internet interface to make it more gamer-friendly; you will see our company move into land-based gaming; and you will see us acquire two or three smaller competitors. Rather, you will see what you have always seen, expansion.

Vegas Offshore: What other changes do you see in 2005 for the industry as a whole?
Wagner: The strong will get stronger. The weak will get weaker. And, the acquisition race will be on.

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Monday, March 14, 2005

Bookmakers!

Read Below To Earn More Cash Than Ever

Are you a onshore bookmaker that wants to Minimize Legal Exposure, Increase Potential Profits, Spend More Time Enjoying the Money You Are Making, and Grow Your Business Beyond Your Wildest Dreams? If you answered ‘YES’ to one or all of these questions, then you need to look at a Price Per Head Agent Relationship with our company.

The concept of a Price Per Head Agent Relationship is based on you, the onshore bookmaker, paying our company a service fee to offer the same services that we offer to thousands of clients (on an anonymous basis).

For the first time, you will be able to offer Internet and Phone access to Sports, Horse and Casino (2 casinos) wagering to all your current clients (via a simple PIN and PASSWORD betting system). No longer do you have to compete with offshore sportsbooks and lose clients. YOU WILL BE ABLE TO OFFER EVERYTHING THAT THEY OFFER!

We are Licensed to offer bookmaking services.

We have been in business for 7 years.

We write business for 15,000 clients daily.

We are open 24-hours a day, 7-days a week, 365 days a year.

We have over 500 operators standing by to make you money!

Take advantage of our $5,000,000 USD investment to make your services better than ever. No longer will you have to answer calls all Saturday and Sunday. No longer will you have to lose clients to the offshore bookmakers. No longer will you have to worry about having your door kicked in by the authorities. Now you can compete with the Big Boys! You will simply sit back, watch the games, and earn more than ever before.

To learn more, go to our website, and click on ‘Agents’. If you prefer to use a white-labeled site without bonus and promotional text, visit www.BettorsNet.com for more information.

We look forward to being your service provider.

Call 1-888-333-6914 for more information.

0 comments

Innovation In Bookmaking

Q & A with Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.

Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.

Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.

Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?

Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.

Vegas Offshore: I’m confused, please explain.

Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.

Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?

Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.

Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.

Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.

Vegas Offshore: Is the PPH product only based on sports wagering?

Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.

Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?

Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.

Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.

Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.

Vegas Offshore: Do you have any success stories to tell?

Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.

Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?

Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.

Vegas Offshore: How many bookmakers do you currently work with?

Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.

Vegas Offshore: So how does a bookmaker learn more about this?

Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

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Keno History Best Casinos

According to an ancient scroll, Cheung Leung introduced the game we now call
Keno about 200 B.C. in China. CheungÕs city was at war for several years and
supplies for his army were failing. The people of his city refused to contribute
any more to the war fund, so Cheung created a game of chance to produce revenue
to provision his army. The game was an instant success and the city was saved.
Spreading throughout China, the game was used to help fund the building of the
Great Wall. The game became known as the White Pigeon Game because carrier pigeons
were used to send the results (winning numbers) from the games in the larger
cities to small villages and hamlets.

Remaining basically the same, the game was brought to the United States by
Chinese immigrants who labored on the railroad in the Old West.

When Keno originated about 200 years B.C. in China, characters were used in
the body of the ticket rather than numbers 1 through 80. These characters are
the first eighty of an ancient poem known as " The Thousand Character Classic
" .

The Thousand Character Classic was used in China as the second primer for
teaching reading and writing to children. By putting one thousand characters
into a more or less coherent rhymed form, learning was presumably made easier
and more interesting . It is something of a very great achievement in that no
character is repeated. This poem was so well known in China that its one thousand
characters, arranged in order, were often used as a fanciful way of notation
or counting from one to a thousand.

There are many legendary stories about the origin of the poem . One story
relates that the celebrated penman Wang Hi-che wrote the thousand characters
on a thousand separate pieces of paper. The Emperor Liang Wu Ti then directed
Chou Hsing-szu to arrange them in rhymed sentences to convey a meaning. This
task was accomplished in A SINGLE NIGHT, but such was the mental effort that
the compilers hair and beard were turned completely WHITE before morning!

The Chinese language is so different in origin and structure from Western
languages that it is usually impossible to make a meaningful literal translation.
If ten Western scholars sat down to make a translation, you always would have
ten different results, agreeing in a general sense but varying in choice of
words and sentence construction.

The poem is read from TOP to BOTTOM and from RIGHT to LEFT .

10-20-30-40..... sky earth mysteries yellow

50-60-70-80..... universe infinite vast space

9-19-29-39..... sun moon full declining

49-59-69-79..... stars lunar arrange widely

8-18-28-38..... cold come heat go

48-58-68-78..... autumn harvest winter storage

7-17-27-37..... intercalary surplus complete year

47-57-67-77..... musical instrument harmonize nature

6-16-26-36..... cloud ascend cause rain

46-56-66-76..... dew frozen create frost

5-15-25-35..... gold make beautiful water

45-55-65-75..... jade from high mountain

4-14-24-34..... sword label high gate

44-54-64-74..... pearl called night shine

3-13-23-33..... fruit precious plum crab apple

43-53-63-73..... vegetables important mustard ginger

2-12-22-32..... sea salty river salt less

42-52-62-72..... scales submerge feathers soar

1-11-21-31..... dragon teacher fire emperor

41-51-61-71..... bird official human sovereign

While the use of these characters on a Keno ticket is merely to represent
numbers, some Chinese people select the character marked for the word meaning.
The words selected usually have a special meaning to them such as ; pronounced
the same as their name, or an event that has happened to them, or a recent dream.

0 comments

Tuesday, January 25, 2005

The Poker Hall of Fame casinos

Casinos

Since its inception in 1979, the Hall of Fame has honored twenty-two gamblers, one for each year, with the exception of 1993. All but two, Hoyle and Hickok, were twentieth-century card players, and many of them road gamblers who followed the game where it would take them.Selection criteria for the Hall of Fame are straightforward and the standards are high:
A gambler must have played poker against acknowledged top competition,

Played for high stakes

Played consistently well, gained the respect of peers,
And stood the test of time.
Names are listed with the year they were inducted.
Felton "Corky" McCorquodale, 1979A noted no-limit gambler, Corky introduced Texas hold 'em to Las Vegas in 1963. He was enshrined in 1979 as a charter member. Deceased. Johnny Moss, 1979Ageless patriarch of the game, Johnny Moss was a three-time world no-limit Texas hold 'em champion (1970, 1971, and 1974). He lived in Las Vegas until his death in 1997. In 1979 he was enshrined as a charter member. Red Winn, 1979Known as a quintessential all-around player, Red Winn was enshrined in 1979 as a charter member. Deceased. Sid Wyman, 1979From the early 1950's to the late 1970s, Sid was co-owner of several gaming properties, including the Sands, Riviera, and the old Dunes. The Missouri-born Wyman was a noted high-stakes gambler who excelled at poker. He died in June 1978. Casino play was halted for two minutes at the Dunes at the hour of his funeral. He was enshrined in 1979 as a charter member. "Nick the Greek" Dandolos, 1979Known for making astronomical wagers in Las Vegas casinos, Nick became a household name. Late in his career, Dandolos was near broke and playing low-limit poker in Southern California. Asked how he could bet millions of dollars once and now play for $5 chips, Dandolos was purported to have said "Hey, it's action." He was enshrined in 1979 as a charter member. Deceased. Edmond Hoyle, 1979For more than two centuries, card players have played "according to Hoyle", which has become synonymous with conformity to rules. Born circa 1672 in England, Hoyle wrote his first book, A Short Treatise on the Game of Whist in 1742. The book, a classic, was used to settle differences during games played by London society. Hoyle died August 30, 1769, at age ninety-seven. The eighteenth-century author was enshrined in 1979 as a charter member. "Wild Bill" Hickok, 1979James Butler "Wild Bill" Hickok, a nineteenth-century gambler and lawman, was killed while playing poker. He held aces and eights, which became known as "The Dead Man's Hand." Hickok is perhaps the most recognizable name in the shrine at least to those outside of poker circles. He was a scout in the Civil War, a marshal in Kansas, and later toured with Buffalo Bill's Wild West show as a sharpshooter. His shoot-out with the McCanles gang -- he killed three of them -- made Hickok a legend in his own time. While playing in a poker game in a saloon at Deadwood in the Dakota Territory (now South Dakota), he was shot in the back by "Crooked Nose" McCall and died on August 2, 1876, at age thirty-nine. He was enshrined in 1979 as a charter member. T. "Blondie" Forbes, 1980A master road gambler, Blondie was enshrined in 1980. Deceased. Bill Boyd, 1981Regarded as one of the best five-card stud players of all time, Bill was several times champion of the event at the World Series of Poker. He was ceremonially dealt the first poker hands at both the Golden Nugget and Mirage cardrooms. Retired from professional poker, Boyd was selected to be a Hall-of-Famer in 1981, and lived in Las Vegas until his death on Nov. 21, 1997. Tom Abdo, 1982After suffering a heart attack at the poker table, Tom turned to another player and asked him to count his chips down and save his seat. He died that night, intending to return to the game. He was enshrined in 1982. Joe Bernstein, 1983A sharp road gambler; Joe was known as a dapper dresser at the poker table. He was enshrined in 1983. Deceased. Murph Harrold, 1984Regarded as one of the best deuce-to-seven draw (Kansas City lowball) players of all time, Murph was enshrined in 1984. Deceased. Red Hodges, 1985Considered one of the best seven-card stud players of all time, Red was selected for the Hall of Fame in 1985. Deceased. Henry Green, 1986A road gambler from Alabama, Henry Green was an even tempered player who was skilled at all forms of poker. He was selected for the Hall of Fame in 1986. Deceased. Puggy Pearson, 1987A husky, cigar-chomping Tennessee born gambler, Walter Clyde "Puggy" Pearson won the world title in 1973. Considered a great seven-card stud player, he is noted for his aggressive style, an erratic temper, and homespun philosophy. He was made a Hall-of-Famer in 1987 at age 58. An active professional gambler, he lives in Las Vegas. Doyle Brunson, 1988A hulking-Texas-born gambler who won the 1976 and 1977 world titles, Doyle was the first player to win $1 million in tournament play. His book Super/System is an acclaimed study of his high stakes poker. Brunson got his nickname "Texas Dolly" when Jimmy "The Greek" Snyder misread "Doyle" as "Dolly." Enshrined in 1988 at age fifty-four, he's an active professional gambler who lives in Las Vegas. Jack Straus, 1988 - An aggressive gambler noted for imaginative play, Jack won the 1982 world title.The salt-and-pepper-bearded, Texas-born gambler was noted for spinning poker yarns. Nicknamed "Treetop," Straus stood six-foot-six. He died in August 1988 at age 58 after suffering a heart attack during a high-stakes poker game at the Bicycle Club in Bell Gardens, California. He was enshrined at the first Hall of Fame Classic that year. Fred "Sarge" Ferris, 1989A New England-born son of Lebanese immigrants, Sarge became a professional gambler to escape the poverty of his youth. He won the 1980 deuce-to-seven draw world title. He gained notoriety when, on April 22, 1983, the Internal Revenue Service seized $46,000 worth of chips from him during a high-stakes game at the Horseshoe. He died of a heart attack in March 1989, the year he was enshrined. Benny Binion, 1990A colorful cowboy and gambler. Benny Binion founded the Horseshoe casino in downtown Las Vegas. In 1970, he inaugurated the World Series of Poker as a gambler's convention at the resort. He died on Christmas Day 1989, at age 85. He was enshrined in 1990. A tempered player who was skilled at all forms of poker, he was selected for the Hall of Fame in 1986. Deceased. "Chip" Reese, 1991David Edward "Chip" Reese came to Las Vegas in 1974 with $400 in his pocket and started at the $10 limit tables. He quickly rose to become one of the game's best all-around high-stakes players. The Ohio-born gambler who began playing poker for baseball cards at age six, is a Dartmouth graduate. He was enshrined in 1991 at age 40, the youngest Hall-of-Famer ever. An active professional gambler he lives in Las Vegas. "Amarillo Slim" Preston, 1992A fast-talking, flamboyant Texas gambler and poker tournament promoter, Thomas Austin "Amarillo Slim" Preston won the world title in 1972. Unlike many gamblers of his era, he sought out publicity by going on national talk shows after winning the World Series. He was enshrined in 1992 at age 62. Preston has not competed in major Las Vegas tournaments in recent years. He resides in Texas. Jack Keller, 1993"Gentleman Jack" has been one of the most consistent players since arriving in Las Vegas from Philadelphia in the early 1980s and is the 1984 World Champion. Enshrined in 1994 at age 51, he is an active professional gambler who lives in Mississippi. Julius Oral "Little Man" Popwell, 1996Popwell was a gambler of near-mythical stature. He was posthumously inducted into the Poker Hall of Fame in 1996. His road games were five-card stud. He played against Johnny Moss, Henry Green and others in the '40s and '50s. Deceased. Roger Moore, 1997In 1974 Moore entered his first World Series of Poker and hasn't missed one since. Born into adversity as the son of a sharecropper, Moore has earned the reputation as one of pokers most determined and formidable practitioners. He has preformed admirably against most of the giants of the game, including fellow Hall of Famers Johnny Moss, Doyle Brunson, Chip Reese, Amarillo Slim, Jack Straus, Puggy Pearson and Jack Keller. Moore is the 1994 World Series of Poker $5000 Seven Card Stud World Champion and has placed in the money 15 times. Along with his three runner-up finishes, he has been in the money in the championship event three times. WSOP lifetime money earnings: $400,378. Stu Ungar, 2001When anyone talks about the greatest poker players of all time, Stu Ungar's name will surface immediately. He is considered by many to have been the greatest No Limit Hold'em player of all time.
Ungar was a three-time World Champion (with five WSOP bracelets). He won ten major No Limit Hold'em championship events (in which the buy-ins were $5,000 or higher). Amazingly, Ungar only played in about 30 of these championship events in his lifetime. Lyle Berman, 2002Berman prefers high-stakes cash games to tournaments, although he has played in a few. He is a three-time winner at the World Series of Poker: Limit Omaha in '89, no-limit hold'em in '92, and deuce-to-seven draw in '94). He finished second at the WSOP four times. In 1991, he won the $5,000 buy-in no-limit hold'em championship at the Hall of Fame Poker Classic. Berman doesn't play many tournaments and yet considering the number of events he has played, his record is worthy of the Hall of Fame.
Johnny Chan, 2002Johnny Chan is used to being first. The winner of back-to-back World Championships in 1987 and 1988, Johnny is also first in money won all-time at the World Series of Poker.
He's also the first poker-playing movie star.
It was Chan (shown repeatedly on videotape trapping Erik Seidel to win his first championship) that Matt Damon idolized in the movie ‘Rounders.' To many younger Americans, Johnny Chan may be the only poker player they would be able to name.
It may come as a surprise to some that Johnny Chan isn't already in the Poker Hall of Fame. It's not an oversight. It's because Johnny is still so young. Not yet 50 years old, Chan had unusual success very early. Always known as one of the finest No-Limit Hold'em players who ever lived, Johnny Chan qualifies easily for Hall of Fame membership because Johnny has always taken on all comers. Chan has played in the biggest games going for the last quarter century. Nicknamed by the pundits as "The Great Wall of China" and "The Orient Express" Johnny Chan is also one of the most approachable and well-liked of former World Champions.
In this year's World Series of Poker, Chan won his 7th bracelet to leave him only one behind the legends Johnny Moss and Doyle Brunson. Oh, and fittingly, the great Johnny Chan is the first Asian-American in the Poker Hall of Fame.
Johnny Chan is truly first among equals.
Lyle Berman, fellow Hall of Fame 2002 Inductee, introduced Johnny before the start of the Championship Event. He reminded the audience that Chan started playing poker at the $2/$4 level. He cautioned all players that if they couldn't beat that game, they wouldn't be able to beat $10/$20 and above. So don't ask him for a stake.
Johnny thanked Lyle for the introduction and the Hall of Fame for the "honor". Then he told the dealers, "Shuffle up and deal."

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Monday, January 24, 2005

Blackjack RulesChoosing a table casinos

Before playing the game, you'll need to find an appropriate table at which to play. If you're a newcomer to this process, there are a few items to keep in mind. You'll want to pay attention to several details about each table that you approach. The most important item is the sign declaring betting limits. Both the minimum and the maximum allowable bets should be clearly posted on a sign on the table-top. Look around to find a table that suits your bet sizes. Often, you'll find that the lower limit ($3 or $5) tables are quite crowded. In most casinos, the signs are color-coded to match the minimum bets posted on them: Red for $5, Green for $25, and Black for $100 minimum tables. Next, you'll want to make sure that the table you have selected is actually for blackjack, and not another of the various table games offered at the casino. Blackjack tables will almost certainly have the phrase "Blackjack pays 3 to 2" printed on the table felt. The next item to observe is the type of game being dealt. Beginners are usually better off playing the "shoe" games where 6 or 8 decks are used. The advantage for beginners in this game is that all of the player's cards are dealt face-up in front of each player, and the dealer can help with playing questions and decisions. Notice: Once you become proficient at the game, you might want to switch to a game with fewer decks. The casino's advantage is lower with fewer decks in play. But for now, let's stick with the multi-deck games for the ease-of-play advantage.
Buying chips
Once you are seated at a table, you'll need to purchase some chips from the dealer for your bets. Wait for a break in the action, and place your cash out in front of you on the table felt. (Some casinos might make you wait until the dealer shuffles to join the game.) An appropriate buy-in amount is anywhere from 10 to 20 times your average bet. If you are a $5 bettor, this means a buy-in of $50-$100 is typical. Don't try to hand your cash to the dealer. For security reasons, he can't take anything from your hands. Simply lay the cash on the table; he'll pick it up and change it for an equal value of playing chips. You won't be getting any change back either. He'll change the entire amount, push the chips across the table to you, and then drop the cash into a slot in the table top. Chip colors are fairly standardized in the casino industry, with red chips representing $5, green chips representing $25, and black chips representing $100. You'll also see $1 value chips (usually white) or $1 tokens (silver) on the table as well. Some casinos also use a $2.50 chip that is usually pink in color. Chip colors above the $100 denomination vary widely, with purple a common choice for $500 chips. Take a quick look at the chips to make sure that you know the values, and that you were given the correct amount for your cash. If you have any questions, just ask the dealer. Part of his job is to help players learn the game.
Making a bet
On the table felt in front of your position, you'll find a circle or box for your bets. Before each hand begins, place your desired bet into the circle in one stack. If you are betting multiple denominations of chips, place the larger valued chips on the bottom of the stack, and the smaller value chips on top. Once the cards have been dealt, you aren't allowed to touch the bet in the circle. If you need to know how much you have bet for doubling or splitting (explained later), the dealer will count down the chips for you. Once the hand is over, the dealer will move around the table to each position in turn, paying winners and collecting the chips from losing hands. After the dealer has paid you, you can remove your chips from the circle, and place your next bet. If you want to let your winnings ride, you'll need to form one stack of chips from the two or more stacks on the table after the dealer pays you. Remember, big chips should be placed on the bottom.
Cashing inWhen you're finished playing, you'll want to take your chips to the cashier to exchange them for cash. If you have groups of smaller denomination chips in front of you, the dealer will probably want to "color up" your chips. This simply means exchanging groups of smaller denomination chips for larger valued chips. Wait until the end of a hand, then simply push your chips out in front of you between the betting boxes, so it can't be confused for a bet. The dealer will count down the chips, and return to you a smaller stack of chips of equal value. You can take these to the cashier for cash, or to another table for more play.

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Video Poker Strategy casinos

Video Poker is played at machines similar to slot machines. The game is played from a regular 52 card deck. The player inserts 1 to 5 coins then the machine deals 5 cards, the player choose what cards to hold if any and then the cards discarded get replaced with new ones. Then the games is over and the player gets paid off according to the value of his hand. The payoff table will show the value for each winning hand these tables can vary from one machine to another.

There are numerous variations of the game, the most common ones being Jacks or Better and Deuces Wild. Some of these game variations include wild cards like Deuces Wild where all deuces are wild and Jokers Wild where wild jokers are included in the deck. Some games use multiple decks such a Microgaming Power poker where you play 4 hands at a time. You can also find games where the paytables have progressive jackpots to make it more attractive and fun to play. And the best part is that most casinos offer video poker that have generous payback close to 100% or even player advantage is not uncommon.

Some machines will offer you a chance to double your winnings after you have won a hand. If you decide to do this, the machine will deal five additional cards with the first one face up and the last four face down. The player then picks one of the face down cards. If it is higher in value you double you winnings, if it is of lower value, you lose your winnings. In most cases a tie is a push, but in some cases a tie loses. If you win the double, you are usually allowed to keep doubling.

Full pay is term that tells you the value of the paytable. A machine with full pay Jacks or Better would have a 99.54% payback with optimal strategy and a paytable like this.

Jacks or Better hands explained

Jacks or Better Strategy Card

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BlackJack Rules casinos

There are many basic strategies for blackjack, depending on the casino's rules and the number of decks used. The basic strategy outlined here is based on the four-deck game as played in Las Vegas.
The object of the game is to beat the dealer with a total equal to or less than 21, without going over 21 or bust.Rules of the Game
Before any cards are dealt, the player must wager. He does this by placing his bet in the designated space in front of his table position. The dealer then deals two cards to each of the players, and two to himself (one of the dealer's cards is dealt face up and one is dealt facing down). Face cards (kings, queens and jacks) count as 10, ace counts as one or 11 (as the player chooses) and all other cards are counted at their face value.
BLACKJACK If the player's first two cards casinos are an ace and a 10 or face card, he wins. However, if the dealer also has a blackjack, it is a stand-off, as are all ties or pushes. A winning blackjack pays the player 3 to 2.HIT or STAND Hit means to draw another card (which the player signifies by scraping the table with his cards or a similar hand motion). Stand means no more cards (which the player signals by placing his cards under his wager or moving his hand in a horizontal direction. If the player hits and busts (goes over 21), he immediately turns his cards over and his wager is lost.DOUBLE DOWN The player is allowed to double the bet on his first two cards and draw one additional card only to improve his hand. SPLITTING PAIRS If the first two cards a player is dealt are a pair, he may split them into two separate hands, bet the same amount on each and then play them separately. Aces receive only one additional card. After splitting, A-10 counts as 21 and not as blackjack.INSURANCE If the dealer's up card is an ace, the player may take insurance, a bet not exceeding one-half his original bet. If the dealer's down card is a 10 or any face card, the player wins 2 to 1. Any other card means a win for the dealer.SURRENDER Where permitted, a player may give up his first two cards and lose only one-half his original bet. The dealer must draw on 16 and stand on 17. In some casinos, the dealer is required to draw on soft 17.

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