Online Casino History

Posted by admin in casino on October 29th, 2010 |  No Comments »

A Brief Account of Initial Days of Online Gambling
Online casino history started in the decade of 1990. In the year 1995, the first ever online casino hit the market and marveled everyone. The name of this internet based casino was Internet Casinos Inc. (in short, ICI). The first ever virtual casino was launched on 18th August 1995. During the initial phase, this company started operating from the islands of Caicos and Turks. Internet Casinos Inc. started its operation outside America because they feared prosecution from the Government of United States of America.
Tell Us Something More About the History of Virtual Betting
What is the total duration of the online casino history? The answer to this question is approximately 10 years. Casinos have always been popular among human world. However, a gambling aficionado has to travel long distances to play and enjoy the fun of gambling. Online casinos have helped these betting lovers to enjoy the games right from their home. Thus, you don’t have to move from one place to another to play the virtual casino games. Some of these characteristic features of virtual casinos make it immensely popular among gambling aficionados.

Now, Let Us Check The Evolutionary Chronology of Online Casino History
1. In the Year 1994, a new Act was passed by the Government of Antigua-Barbuda, known as ‘The Free Trade and Processing Zone Act, 1994′. Many internet based casinos as well as sports-books have license of the same and this license is considered as one of the most popular licenses among the internet based gambling industry.
2. One of the largest providers of software in online betting is Micro gaming. It is a huge software development company, which has mastered the techniques of generating software for online betting sites. This company was founded in the year of 1994. In the following year, that is 1995, another software developing giant called Cryptologic was launched.
3. 1996 has special significance in online casino history. In this year, the first internet based casino site that accepts real money was launched. In the month of October of 1996, InterCasino first launched such a virtual casino that dealt with real money.
4. First ever gambling related Act was introduced by a US Congress Senator named Jon Kyl. The year was 1998. The name of this Act was Internet Gambling Prohibition Act. According to this, a company will be regarded as illegal if it offers betting services to any American. This Act was not passed by the US Senate. A revised version of this Act was also placed in the US Senate in the following year, i.e. 1999, but this was also voted down by the Senate. In the same year, a renowned company called Frost and Sullivan published a research report and mentioned in it that online gambling has generated a mammoth amount of revenue of US$ 834.5 million.
5. Internet Gambling Prohibition Act was introduced by a Congress representative, Bob Goodlatte, in the US House of Representatives in the year 2000. However, this Act was also voted down and it failed to acquire the required two-third majority vote. In the year 2000, Cryptologic had published their annual report where it was mentioned that 680,000 customers had used their system of electronic payment already. 2000 was an auspicious year for Cryptologic. It got listed in NASDAQ and received the symbol, ‘CRYP’.
6. Year 2004, was specifically important for online gambling. In this year itself, WTO (World Trade Organization) ruled against US regarding legal issues and sided with the Government of Antigua-Barbuda.

Casino Games History

Posted by admin in casino on March 8th, 2010 |  No Comments »

Being a young scientist, Edward O. Thorp regularly read mathematic journals.  When he was a student, he was pressed for money. The idea of outplaying the casino on the basis of calculations appealed to Thorp and he decided to check the results of the “excellent four” and see what will come out of it. The result of his activity was a phenomenal book Beat The Dealer, now its sales are approaching million of samples.

Thorp chose the other way – he did not make analytical calculations, but with powerful at that time computer IBM (they were also called mainframe) he wrote several programs on Fortran, creating quite original methods for 60s. By the way, Thorp together with his research instructor Claude Elwood Shannon, a great scientist, were also involved in solving the problem “how to outplay the roulette?”

From his calculations Thorp understood that dead cards had a considerable affect on the gambler’s chances this or that way. His main idea was about memorizing the dead cards in somewhat simplified way and when the situation is beneficial for the player, make high stakes.  By the way, this system still remains the basis of any methods and counting systems of blackjack.

The counting system introduced by Thorp, was rather complicated for usage in real casinos, required great concentration and large amount of mentally arithmetic actions. However with good training there was nothing impossible in its application.

Thorp’s book immediately became a success and bestseller. Everyone understood that with quite simple actions you can get an advantage. Every reader dreamt of enormous prizes. However, the casinos also knew the score.

Panic seized them. And in 1962 after Thorp’s book, all Las Vegas Casinos without exception changed their rules being afraid of mass influx of “system players”. The quality of the rules worsened terribly and no counting system could ever help you to win. Though the effect for casino turned out to be quite unpredictable and reverse – people stopped playing blackjack. And during several months, all the casinos had to return to the former rules for their own survival.

Another interesting effect caused by Thorp’s book- incredible popularity of blackjack outrunning the favorite American craps. A lot of people, after reading the book considered themselves potential winners and rushed to the blackjack tables. However, most of them had a bad understanding of the mathematical principles of the game did not become winners but quite vice versa. Therefore, casino got more clients and moreover losing clients. Since then their number is only increasing.

The system presented in the first edition of Thorp’s book was quite difficult even for professionals and only the few could apply it under the conditions of a real game. Something should be simplified.

The power behind the throne.  
Julian Braun is quite a unique personality.  He had hardly ever played a deal in real blackjack. But he played millions and maybe even billions of deals on the computer. Braun was a good mathematician and programmer and he got interested in Thorp’s idea and offered him cooperation in the sphere of calculations and programming.

 He was behind the development of all modern systems the authorship of which belongs to Revere, Humble, Wong and Uston. He wrote the only book How to Play Winning Blackjack, but what a book!

Braun upgraded Thorp’s system on FORTRAN and made considerable changes and the second edition of Thorp’s book also contained Hi-Lo system in its modern form. It was quite a revolution in gambling world. Braun worked in IBM corporation and had access to probably most powerful computers of that time. This fact helped to build simple and efficient tool in struggle with casino.

Casino Games

Posted by admin in casino on March 3rd, 2010 |  No Comments »

The casino’s electronic versions of the regular games are also quirky and fun. There are serious video poker players who stake out the high-paying machines, and gamble only on them. Those who watch a serious video poker player long enough will learn some of their strategies, like the “Jacks or better” version where players favor hands, as the name implies, with a face card in it.

Casino dice games are exciting, but sometimes complicated. Variations include “street craps,” “bank craps” and what some people call “Grand Hazard”. It’s good to know what version of game is going on at the table before you lay your money down. Is the casino paying winners who roll seven or eleven? Or are you gambling, roulette style; on the numbers that come up on the dice roll?

Roulette is said to be one of the most challenging games in the casino. The roulette wheel has up to 38 numbered positions for the little ball to land in. You can start your gambling on a single number, odds or evens and other combinations. If you are a beginner, it’s best to research this one online or at your local bookstore first, as the game can be not only mesmerizing, but also expensive for a beginner.

Casino games are fun, but sometimes it’s a good idea to research first, learn the rules, and then go to the casino armed with your understanding of the rules.

Casino Games

Posted by admin in casino on December 28th, 2009 |  No Comments »

However, it is the casino version of the game that gives Craps its reputation of being a fast paced, exciting game. Players often begin with this game in the casino because of its ease of play. The basic concept is this: you place a bet on what is referred to as the “passline bet.” You make your wager before you roll the dice. If you roll a 7 or 11, then you win. If you roll a 12, 3 or 2, you lose. Any other number becomes the point number, meaning that number must be rolled again before the seven for you to win anything. If you roll the seven before you roll the point number, then you lose.

However, you do have the option to bet again in addition to your original bet. It is known as the odds bet: meaning the casino (online or real) does not have their usual house advantage and it also hedges on true odds. Many casinos and online casino sites offer lessons for Craps as it is one of the most popular and exciting games played. There is usually a great amount of money riding on Craps games and the atmosphere around the Craps table is filled with cheering spectators, all vying for the opportunity to see a player win big. This is the best way to get in the game when you are checking out a casino.

Most online casinos will allow you to play the game for free before offering you the option to play for real money. So what are you waiting for? Stop by at an online casino today and see for yourself what the fuss surrounding a game of Craps is all about.

32Red Delighted To Sign A New Deal

Posted by admin in News on July 2nd, 2009 |  No Comments »

A partnership will be founded between 32Red Plc and Swansea City FC, Both of them will face with the award-winning online gaming firm. Soon, it will become the official shirt of the South Wales club.

This sponsorship which will last around 2 years, wants to see the 32Red.com logo placed on the front of the home of Swans. In the same time the Gibraltar’s company will become an official partner in gaming at the club.

The 32Red Online Casino wants now to offer gamblers more than 350 casino games which are unique in the world and also to give them amazing prizes and bonuses each month as a reward for their loyalty.

This site provides hundreds of poker tables where gamblers could play on Texas Hold ‘Em poker event ar Omaha poker and more online casino games.

The CEO of the 32Red site, Ed Ware, claimed that they are very thrilled to be partnering with Swansea City club which is known to be a highly progressive team.

He also added directly that “The deal means we will once again raise our profile throughout the UK by becoming part of the football scene. And, thanks to the increased media coverage of the Championship, we expect our tie up with the Swans to deliver significant interest in our award-winning online casino“.