A totalisator or totalizator (tote board in common parlance) is the name for the computerised system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets. The first totalisator was an entirely mechanical system … Read More
In poker, a dominating hand is one with an overwhelming statistical advantage over another specific hand. For example, in Seven-card stud, while a Starting hand of K♠ K♥ Q♦ has the lead over A♦ K♦ 10♥, the latter has many … Read More
Gambling revenue will grow to $155 billion in 2012 from a 2007 revenue of $114 billion with an annually rate of 6.5 percent per year, says PricewaterhouseCoopers LLP in a report released this week. Asia, and especially Macau, will be … Read More
The Lance Burton Theatre is located in the Monte Carlo Resort and Casino, Las Vegas. It has 1,274 seats, and is comprised of three main sections: the main floor, the mezzanine, and the balcony. The theatre was specially built for … Read More
Tic-tac (also tick-tack and non-hyphenated variants) is a traditional method of sign language used by bookmakers to communicate the odds of certain horses. It is still used in on-course betting in the UK. A tic-tac man will usually wear bright … Read More
The dead man’s hand, aces and eights. In poker, the dead man’s hand is a two-pair hand, namely “aces and eights.” The origin of the name is the five-card-draw hand held by Wild Bill Hickok at the time of his … Read More
Beijing residents playing Mahjong in public. Four Filipino women playing Filipino Mahjong. There are many variations of mahjong. In many places, players observe one version, and are either often unaware of other variations, or claim that other variations are incorrect. … Read More
Spread betting is a form of gambling on the outcome of any event where the more accurate the gamble, the more is won and conversely the less accurate the more is lost. A bet is made against a ‘spread’ (or … Read More
In poker, players may often use slang terms for particular types of hands. Though most are recent neologisms, others date to poker’s antiquity. All such slang terms typically connect a common concept (from life experience or storytelling) to the hand, … Read More
Mahjong in China Different kinds of Chinese playcards (from left to right): Bógŭ Yèzí (博古葉子), Caozhou Paí (曹州牌), Three Kingdoms Yèzí (三國葉子), Dongguan Paí (東莞牌). One of the myths (probably originating in the West) regarding the origin of Mahjong suggests … Read More
Golden Nugget Companies Inc. was formed by Steve Wynn in 1973. The company was created after Wynn acquired majority control of the Golden Nugget in Las Vegas, Nevada. The company ceased to exist after it constructed The Mirage in 1989. … Read More
Ace-to-five Ace-to-five low is the most common method for evaluating low hands in poker, nearly universal in U.S. casinos, especially in high-low split games. As in all low hand games, pairs count against the player. That is, any hand with … Read More
