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Casino Rules And Practices

 
Frank Scoblete
Meet the Expert
Golden Touch Craps
  • Are gaming rules the same in every casino?
  • What is a "table minimum"?
  • Do table minimums change at various times of day?
  • What are "table maximums"?
  • Can I ever make a bet that exceeds the table maximum?
  • What does "check change" mean?
  • What does "coloring out" mean?
  • What is a "pit boss"?
  • What does "card counting" mean?
  • How can I learn to card count?
  • What will happen to me if I'm caught card counting?
  • How does casino security know what I am doing?
  • What is a "marker"?
  • What does it mean to "get rated" in a casino?
  • What are "comps"?
  • When is the best time to find the lowest stakes tables in a casino?
  • How does the casino make money with poker games?
  • What is the "vig"?
  • When should I tip the dealer and does he get the tip?
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Casino Gambling
 Gambling Basics 
  1. Frank Scoblete
  2. Where is gambling legal? 
  3. What are "offshore" and "online" gambling? 
  4. Are offshore and online gambling legal? 
  5. How do I collect my money from an online or offshore gambling site? 
  6. What scams are common with online or offshore gambling? 
  7. What can I do if I am the victim of an online or offshore gambling scam? 
  8. Do I have to report gambling winnings on my tax returns? 
  9. Can I deduct gambling losses on my tax return? 
  10. Is there any way for the government to know if I won money by gambling? 
  11. What states are currently considering legalizing gambling? 
  12. Is "River Boat" gambling different from casino gambling? 
 Gambling Odds 
  1. Frank Scoblete
  2. What are "odds"? 
  3. In casino gambling, are odds applicable over time, or do they apply to each individual game or trial? 
  4. What is the "house advantage"? 
  5. Which casino games represent the best odds for a player? 
  6. Does the "house" always win? 
  7. What does "playing with the casino's money" mean? 
  8. What is the rule of thumb regarding "when to walk away"? 
Casino Rules And Practices (Now Playing)
  1. Frank Scoblete
 Gambling: You And Your Money 
  1. Frank Scoblete
  2. Should I have a "gambling budget" when planning to gamble in a casino? 
  3. Can I learn to gamble from the "free gambling seminars" offered by the casino? 
  4. What are some of the scams perpetrated on casino gamblers? 
  5. How do I know if I have a gambling addiction? 
 Blackjack 
  1. Frank Scoblete
  2. What is the basic objective of blackjack? 
  3. What does "hit", "stay", and "bust" mean when playing blackjack? 
  4. What is the "shoe"? 
  5. Why can't I touch the cards when playing blackjack in a casino? 
  6. What are the odds of winning in blackjack? 
  7. What is the "basic blackjack strategy"? 
  8. If I follow the basic strategy for blackjack, will I decrease the house advantage? 
  9. What is a "hard hand"? 
  10. What is a "soft hand"? 
  11. What is "doubling down"? 
  12. What does it mean to "split" a hand? 
  13. What are the "dealer rules" in blackjack? 
  14. What is "insurance" on my blackjack hand? 
  15. What are some basic strategies for playing blackjack? 
  16. What is a "basic strategy card"? 
  17. What factors should I consider in my blackjack strategy? 
  18. When should I double down? 
  19. Should I always split 8's? 
  20. Are there any other cards I should split? 
  21. Should I vary the amount I bet while playing Blackjack? 
 Craps Lingo And Basics 
  1. Frank Scoblete
  2. What is "craps"? 
  3. What are the overall "odds" in craps? 
  4. Do certain bets on the craps table have better odds than others? 
  5. Who is the "shooter"? 
  6. What is the "point"? 
  7. What are the "pass" and "don't pass" lines? 
  8. What is the "come line"? 
  9. What is the "don't come" line? 
  10. What is the "come out roll"? 
  11. Once the shooter has his "point", how long does he roll? 
  12. What is the most basic betting strategy in craps? 
  13. What is the "odds bet" or "backing up" my pass line bet? 
  14. Is there a limit to how much I can "back up" my pass line bet? 
  15. What are "true odds" in craps? 
  16. Should I always back up my pass line bet to get true odds? 
  17. Can I take my odds bet off the table at any time? 
  18. What are the "place bets", and how do they win me money? 
  19. What does the number 7 have to do with the game of craps? 
  20. Can I move my "place bets" on and off the table? 
  21. Should I "cover" all of the "place bets"? 
  22. What are the odds on each of the place bets? 
  23. What are "hard" and "soft" way bets? 
  24. What are the "prop" bets, and what are the odds? 
  25. What is a "Yo" bet? 
 Slot Machines 
  1. Frank Scoblete
  2. How do slot machines work? 
  3. When were slot machines invented? 
  4. Are slot machines the game most favorable to the casino? 
  5. What is a "progressive slot" machine? 
  6. What are the odds of winning on a slot machine? 
  7. What are the odds of winning on a progressive slot machine? 
  8. What is a "loose" slot machine? 
  9. How can I identify a loose slot machine? 
 Poker 
  1. Frank Scoblete
  2. What is "poker"? 
  3. What are the basic poker hands from weakest to strongest? 
  4. What is the difference between "stud" and "draw" poker? 
  5. What is an "ante"? 
  6. What are the "stakes"? 
  7. What does "no limit" mean? 
  8. What does it mean to "raise" and when should I do it? 
  9. What does it mean to "call" and when should I do it? 
  10. What is the basic order of game play in poker? 
 Texas Hold 'Em 
  1. Frank Scoblete
  2. What is "Texas Hold 'Em Poker"? 
  3. What is the basic game play in Texas Hold 'Em Poker? 
  4. What does it mean to "open" in Texas Hold 'Em Poker? 
  5. Who can raise the bet in Texas Hold 'Em Poker? 
  6. What does "fold" mean in Texas Hold 'Em Poker? 
  7. What is the "flop" in Texas Hold 'Em Poker? 
  8. What is the "river" in Texas Hold 'Em Poker? 
  9. What is the "turn" in Texas Hold 'Em Poker? 
  10. When should I fold in Texas Hold 'Em Poker? 
  11. What is a poker "bluff"? 
  12. What is a poker "tell"? 
  13. What does "all in" mean in Texas Hold 'Em Poker? 
  14. How can I calculate the odds of getting the poker hand I am going for? 
  15. How can I play in the big poker tournaments I see on television? 
  16. Can I really learn to play poker online? 
  17. Are internet poker sites legal, and do they pay cash? 
  18. Are the rules the same when playing Texas Hold 'Em online as they are in the casinos? 
 Roulette 
  1. Frank Scoblete
  2. What is "roulette"? 
  3. What are the basics of roulette? 
  4. How soon before the wheel stops can I make a bet? 
  5. What is the house advantage in roulette? 
  6. What are the odds of a specific number coming up in roulette? 
  7. If I play a number long enough in roulette will it come up? 
  8. What is an "on red" or an "on black" bet mean in roulette? 
  9. What are the odds of winning a color bet in roulette? 
  10. If I bet on a specific number in roulette and it hits, what do I win? 
  11. What are the various bets I can make on a roulette table? 
 Casino Bets 
  1. Frank Scoblete
  2. What is the "sports book" in a casino? 
  3. What kinds of sports can I bet on at the casino's sports book? 
  4. What does the "line" on a bet in a specific sporting event mean? 
  5. What does it mean when a team is giving or getting "points"? 
  6. How are the odds on a given sports book bet determined by the casino? 
  7. What does "parlay" mean in betting? 
  8. What is a "proposition bet"? 
  9. How does a casino make money on sports betting? 
  10. Can I make Vegas sports book bets over the phone? 
  11. How do I collect on my sports book bets if I am not in Vegas? 
 Lotteries 
  1. Frank Scoblete
  2. What is a "lottery"? 
  3. Are state lotteries the only legal lotteries? 
  4. What if I lost my lottery ticket? 
  5. Do I need my original winning lottery ticket to collect my winnings? 
  6. What does it mean when my winnings are "paid over time"? 
  7. What is a "lump sum" payout? 
  8. How do I calculate the "lump sum" or "over time" lottery payout? 
  9. Can I share a lottery ticket with others? 
Frank Scoblete Mr. Frank Scoblete
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Transcript

Casino Rules And Practices

Are gaming rules the same in every casino?

The interesting thing about casinos is, while they tend to have the same games, but they will also have subtle variations in the rules. In Blackjack, for example, some casinos will stand on a Soft 17, which is an Ace 6 whereas in other casinos they will hit a Soft 17. While the game is essentially identical, there are subtle changes from place to place which you may need to be aware of.

What is a "table minimum"?

Casinos have certain rules for betting. They'll put on a table a sign that says the table minimum is ten dollars. That table minimum means you can't bet less than ten dollars. So when you go to a table and it says the minimum is twenty-five, and you only want to bet ten, you can't. You have to go to a table that says that the table minimum is ten dollars, then you can play.

Do table minimums change at various times of day?

When you pass a table, you're going to see a sign and it will say, table minimum $10. That means you can't bet less than $10. Now, during the course of a game, some casinos will raise the table minimum, $10 to $15, $15. to $25. Now in Vegas and some other casinos, they will grandfather a player in. So if you've been betting $10. and they raise it to $15, you can continue to bet the $10. In other states, for example in New Jersey, if they raise it to $15, they'll usually give you a half hour notice, but then everybody at the table has to go to $15..

What are "table maximums"?

When you approach a table in a casino, you will often see a sign stating the "table minimum" and the "table maximum". The minimum could be 1 bucks, but the table maximum could be 5, 1, 2. The "table maximum" is the maximum bet you can make at that table.

Can I ever make a bet that exceeds the table maximum?

A lot of players don't realize that they can make bets that exceed the table maximum if they get permission from the pit boss. They can ask permission to increase the table maximum for themselves, and many high rollers will do this.

What does "check change" mean?

When you first come up to a table, you have to buy in. So when you put your money on the table (and remember that you have to put the money on the table; you can't hand it to the dealer) the dealer will go "check change." And what they will do when they say "check change" is bring out the chips to give to you. They say "check change" so that the floor person can come over and look. In addition, sometimes when you're cashing a chip, the dealer will also say "check change", the floor person will come over, check it to make sure everything is done properly.

What does "coloring out" mean?

"Coloring up" occurs when you have chips that you want to cash. When you have finished playing, it's simply a matter or pushing your chips toward to dealer. The dealer will then "color them up," replacing them with chips of higher denominations so that they can be taken to the cage and cashed.

What is a "pit boss"?

A "pit boss" is someone in charge of an entire group of tables. A casino floor breaks down into several personnel. You have dealers, dealing the game and you have a floor person, observing both the dealers and the game. The "pit boss" is responsible for both of these groups and is also charged with taking responsibility for a number of casino tables, which is called a pit.

What does "card counting" mean?

In the game of blackjack, you can play something called "basic strategy", which is the proper way of handling your hands against every dealer up card. A player who plays "basic strategy" will probably face a half percent house edge. However, there are very astute players, who are able to follow which cards are coming out of the deck, and they keep a count; these people are card counters and their technique allows them a slight edge over the house. Now, a lot of people think that card counting is hard, but there is a new method called speed-count, which is the easiest counting method. Any blackjack player could learn this in about 10 minutes. So, if you want to play with an edge, I recommend speed-count.

How can I learn to card count?

If you're an average blackjack player, playing basic strategy, you face about a half-percent house edge. That means you're going to lose 5 cents for every hundred dollars that you bet. Some player can turn that edge in their favor, using something called card-counting. For example, there's the "high-low" method. In this method, you keep score of the high cards that appear, the ten's through to the aces; against the low cards that appear, the two's through to the six's. If you add one point for each high card and deduct one point for each low card, then you have a good indication of how the game is going; when the count is high, you bet more and take advantage of the edge.

What will happen to me if I'm caught card counting?

A casino is a business and, as a business, they are trying to make a profit. Anything that stops them from making a steady profit is going to upset them. Some states, like Mississippi or Nevada, have authority to remove you from the casino, if they suspect you of card-counting. In New Jersey, however, they don't have that power, and the best they can do is reduce you level of gambling. So, some casinos are able to tell you, "We don't want you here anymore," and others tell you, "You can play, but we're going to make it difficult for you."

How does casino security know what I am doing?

Every casino has a security department, and if you look at the ceiling, then you will see dark globes that house cameras. These images from these cameras are monitored by security guards for two reasons; the first reason is to make sure there are no criminals operating in the casino, and the second reason is to keep an eye for people using methods to gain an edge on the house. Casino security know what you're up to because they are filming you.

What is a "marker"?

Players have two choices when they go to the casino; they can go in with a pocket full of money or they can get credit with the casino. You can use this credit to gamble, with a view to paying it back in a certain time limit, this credit is a "marker". To get a "marker," you should approach the table, ask for one, sign some papers, write-out a cheque and then you will be in possession of short-term loan, of sorts.

What does it mean to "get rated" in a casino?

When you're in a casino you're playing the games, and hopefully you're playing the games to make money. However, the casino has certain perks for you. They do something called rating. They look at your play, and they rate you as a player. And what do you get for that rating? You get free rooms or discounted rooms, you get free meals or discounted meals, you get free shows or discounted shows based on your rating, which reflects your level of play.

What are "comps"?

When you play in a casino, you are given a "players card". Your "players card" will have details about your name and your level of "action". "Action" is defined by the rate and level of betting you partake in. If your "action" is good enough, the casino will give you something called "comps", which are complimentaries. "Comps" can range from free food, free rooms to access to sporting events.

When is the best time to find the lowest stakes tables in a casino?

If you want to gamble, but you don't want to indulge in the high stakes, picking your time is crucial. Saturday night, from 8 till midnight, is not a good time because the stakes are going to be high, but Sunday morning, 4am - 7am, is when you'll find the tables operating on "minimum stakes". Early mornings are good for low stakes because the tables will be quieter.

How does the casino make money with poker games?

Casinos don't typically make money from poker, because you are gambling against other players. In order to get some profit from poker, casino take a share of the pot in each game.

What is the "vig"?

In the casino, we all have heard of something called the house edge. Well, there's another term for that. It's called vig -- V-I-G. And that stands for vigorish. Well, chances are you don't know vig, and you don't know vigorish. All that the vig is, is the house edge. The casino charges you a certain percentage of your win. For example, in roulette you should be paid 37 to 1 if you win. But that's the real odds. The casino pays you 35 to 1, and they've kept the other two. The other two, that's called the vig.

When should I tip the dealer and does he get the tip?

A lot of players think if I go to the barber I should tip them. If I got to a restaurant I should tip the waiter. These are careers where tips are important, some players don't realize that dealers too need tips, many dealers only make the minimum wage or maybe a little bit more so tipping the dealer is a part of the game, I would recommend that you tip a small amount of your total bet, every 15 to 20 minutes. Do dealers keep the tips? No, dealers share the tips with all the other dealers on their shift; there are one or two casino in the country where an individual dealer keeps his individual tips but in almost all casinos today dealers share your tips with everyone else working, during their shift

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Embed single question:

  • Are gaming rules the same in every casino?
  • What is a "table minimum"?
  • Do table minimums change at various times of day?
  • What are "table maximums"?
  • Can I ever make a bet that exceeds the table maximum?
  • What does "check change" mean?
  • What does "coloring out" mean?
  • What is a "pit boss"?
  • What does "card counting" mean?
  • How can I learn to card count?
  • What will happen to me if I'm caught card counting?
  • How does casino security know what I am doing?
  • What is a "marker"?
  • What does it mean to "get rated" in a casino?
  • What are "comps"?
  • When is the best time to find the lowest stakes tables in a casino?
  • How does the casino make money with poker games?
  • What is the "vig"?
  • When should I tip the dealer and does he get the tip?

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