Oct
2022

Legalize Sports Betting in Atlantic City – Yes Or No?

Currently in the mainstream of discussion is the debate over whether to legalize sports betting in Atlantic City. The obvious impetus for the re-birth and rejuvenation of this discussion is the current and now consistently declining economy. To that end Atlantic City and the region in general are experiencing the same down market that the world economy as a whole is experiencing. More so the State of New Jersey has been wrestling with budgetary issues for many years now well before the overall economic decline. Measures and options of all kinds need to be considered in this dire time. The question is quite simple. Legalize Sports Betting in Atlantic City, Yes or No? The answer from this one persons perspective is an overwhelming YES!I’d like to delve right into the absurdity in the fact that the issue of legalizing sports betting is even worthy of a debate. Especially considering the unique factor of doing so in Atlantic City. Atlantic City, and New Jersey for that matter has basically legalized almost every form of gaming. From full fledged casinos that have numerous types of table games, poker and slots, to both simulcast and live horse racing, to the lottery, New Jersey basically has it all. All that being said, for a state that has been struggling to find a solution to fill in the ever growing gap of deficit and budgetary crisis. Let’s lay out how truly insane, ironic, hypocritical, counterintuitive the fact that legalized sports betting in Atlantic City is even an issue.Ridiculous fact number one, the amount of money and resource that is being spent year in and year out to monitor, investigate and prosecute instances of illegal sports betting in New Jersey. Just think about that. New Jersey spends Millions of Dollars a year in criminal justice operations associated with sports betting. Does anyone else see the bizzaro world of logic here? First, we’re spending money and focusing resources that could be used to monitor, investigate and prosecute criminal matters that truly have a serious epidemic effect, such as violent crime and guns. Second, the crime and legal process where the focus is being targeted is gambling related. It’s not like we’re in a state where the notion of gambling is taboo. We’re in New Jersey!Ridiculous fact number two, the incredible benefit to not only the casino industry but the ripple effect to the local economy. First, by increasing taxable income that is produced by the increase to the bottom line of the casinos. In the Summer of 2008, a $22 Million a year illegal sports betting operation was busted at the Borgata. That’s one single operation that is operating behind the scenes, and not being actively marketed. Imagine a highly organized system, monitored by an existing and experienced regulatory agency, the Casino Control Commission, that is marketed by some of the best in the world in terms of oversight. The pundits have no argument that sports betting would seamlessly fit into the regulatory and associated administrative process off the CCC. What’s more imagine the significant positive effect this would have on the Atlantic City Travel market and the Atlantic City Vacation market. The numbers are very clear. Las Vegas sports books account for a considerable percentage of total gambling and the associated statistics that account for an increase in hotel stays and greater visitation make an incredible argument for the merits of legalizing it in Atlantic City.All told the time is now and the time for debate is over. The time has come to start coming up with options that are not conventional, to critically look at how things are being decided and enact solutions that balance both the common good and do so in a timely manner. The question of whether or not to legalize sports betting in Atlantic City is a resounding yes with extreme prejudice. Let’s just get it done.One politician in the area has been a big advocate for such legislation and his name is Jeff Van Drew. The following phone number is to his office in Cape May Court House and is (609) 465-0700 and his fax is (609)465-4578.

Oct
2022

Betting Systems for Online Casino Gamblers

In this article, we’ll explain 6 popular betting systems that you can experiment with in your online casino gaming experience. Truth be told, these timeless, tried and true betting systems originated in the world of offline betting, but they apply equally as well to online casino gambling, no matter what the game, no matter what the betting structure.Before You Begin: For most of these systems, you will need to decide what your betting unit will be ahead of time (such as the minimum allowable bet at the game and online casino in question).1-3-2-6 Betting SystemThis is what’s called a Positive Progression system, meaning that as you win, your bets increase. The foundation of this online casino betting system is the premise that a player can win any game a maximum of 4 times in a row before they’ll probably lose.Here’s how the system works:- Bet 1 unit each betting round until you win a round;- After you win a round, bet 3 units on the next (second) round;- If you win a second round in a row, bet 2 units on the next (third) round;- If you win a third round in a row, bet 6 units on the next (fourth) round;- Then, no matter what happens (win or lose) return to the beginning of the pattern, betting 1 unit per round until you win one, etc.The risk-reward scenario with the 1-2-3-6 betting system is simple. You can win as much as 6 times your original bet after 4 rounds of play while only putting 2 units of your own at risk.The worst case scenario with the 1-2-3-6 betting system is that you lose 6 consecutive times in the second round. No matter, though. You can make it all up by winning 4 times in a row.The Martingale System This is a Negative Progression system, meaning that as you lose, your bets increase.The foundation of this online casino betting system is the premise that a player cannot possibly lose an infinite number of times without ever winning a single round. Therefore, what the Martingale system is designed to help you do is offset all of your accumulated losses with a single win.Whether you consider it cynical, realistic, or both, this system works best in cases when the online casino game is paying out a 1 to 1 payout ratio on each bet. Here’s how it works:- First, place whatever bet you’ve decided to start with;- If you win, bet the same amount again, but if you lose, bet double the amount;- If you lose again, you double your bet again.The downside to the Martingale system is that you need a large bankroll to start out with as well as the resolve to keep increasing your bets as your losses compound. Not just anyone can pull this online casino betting system off.In the rarest of cases, you may, after enough losses, reach the online casino’s betting maximum and then not be able to raise your bet further or offset your losses with one win.The D’Alenbert SystemThis is another Negative Progression system. It’s also considered an Insurance System in that, as you win, the size of your bets increase. Here’s how it works:- Each time you lose, you raise your bets by one unit;- Each time you win, you lower your bets by one unit;This system also requires a large enough online casino bankroll to pull it off.By adding the insurance system to the negative progression system, you’re hedging your increasing losses by pulling some profits off the table each time you win.The Labouchere Betting System (a.k.a. The Cancellation System)This system, another Negative Progression, is somewhat more complicated than those listed so far. Depending on the odds in whatever online casino game you’re playing, you’ll come up with some sequence of numbers — of any length you wish — and not necessarily sequential.Each number in your sequence is a multiple of your predetermined betting unit (7 therefore is 7 times your betting unit; 5 is 5x, etc.) Here’s how it works:- Your first bet should be the sum of the first and last numbers in your sequence;- If you win, cross out those two numbers you just added together (the two outermost in your sequence) and bet the sum of the next two;- If you win again, cross out those two outermost numbers and repeat the process- If you continue winning until you have no more numbers in the sequence to add together, you simply start from the beginning with the entire, original sequence.However:- If you lose, you add to the end of the sequence, the sum that you had just used, thus creating a new sequence;- Crossing out no numbers at all (because you didn’t win yet), add the first number in the sequence to the new last number that number and use that new sum as your multiple;The supposed benefit of this complicated betting method is that anytime you have to start over with the original sequence, you come out with a profit. The drawback is that you can accumulate enormous losses before you ever win (if you ever win).Your success at the Labouchere system really depends on selecting the right sequence.The Paroli System (a.k.a. The Anti-Martingale System)This is another Positive Progression system. More than simply selecting a unit of betting, with the Paroli system you also need to determine two other criteria before you begin:1. A cap: The uppermost amount at which you will stop increasing your wager and return to your starting unit;2. A multiple: How much you’ll increase your bet every time you win (1 unit, 2 units, 3 units, etc.)You should base these factors on the odds of the online casino game you happen to be playing. The appeal of the Paroli System is that you can play at the online casino for a while with a small bankroll. You cut your losses and let your profits ride.The Parlay SystemThis is another Positive Progression system. Similar to the Paroli System, the effect of the Parlay system is to “pyramid” your profits, meaning that every time you win you wager both your winnings and the amount of your initial bet as your next bet.The reward of the Parlay system can be huge. The risk is that you can lose it all in a single bad online casino beat.