Gambling FAQ » play

How do you play street craps (shoot dice, etc)?

admin — Sat, 19 May 2012 08:27:13 +0000

Question by Dub Bassist: How do you play street craps (shoot dice, etc)?
I understand the rules of craps and know how it is played in a casino. Also, I understand how the betting in casino craps works. But what about street/private craps/dice/7-11?

What I’m not sure about is how the betting goes. I assume the main difference between street and casino variations is that in casino craps there is a casino/bank, which (i think) is absent when you play it with your friends, unless someone acts as the “banker”

Please don’t just give me a link because I’ve searched the internet and have found several sites offering such vague instructions as “the betters have to cover the shooter”. I don’t know what this means exactly, so if someone could explain to me how the betting process works, I’d appreciate it
are there ‘pass’ bets in addition to ‘no pass’ that can be made in the street variety?

Do the betters individual match the amount the shooter bets?

Answer by John
I dunno ;p

if anybody knows, enlighten us!

IF you are a professional poker player, how young did you start to play?

admin — Tue, 08 May 2012 16:39:31 +0000

Question by : IF you are a professional poker player, how young did you start to play?
I’m interested in hearing from a poker pro, i.e. someone who does not have to work and maintain a job because playing poker makes them enough money to be a profession. So I’d like to know how young you started off, at what size tables, what kind of success did you have, did you play at casino’s, home game’s or on the internet? What tips or advice do you have for an aspiring pro? Any sort of tells and or mistakes that you see intermediate players make a lot? How much money do you make on average per year? Have you ever played in any major tournaments such as : Poker Million, WSOP, WPT, etc.

Thanks for your insight, appreciate it
I’m in college already and I plan to go to university aswell.

Answer by Gamboooool
It’s not worth it, just go to college and get a real job. This is coming from a pro.

I’m looking for an online casino that has all the below games to play for free. Any recommendations?

admin — Thu, 03 May 2012 19:27:17 +0000

Question by Shanequa F: I’m looking for an online casino that has all the below games to play for free. Any recommendations?
Craps
Blackjack
3 Card poker
Carribean Stub Poker
Baccarat
Roulette (single zero)
3 reel slot machines
5 reel slot machines
video slot machines
Let it Ride Poker
Keno
Sic-Bo
Pai Gow Poker
Progressive slot machines
Spanish Blackjack

I like them all, but don’t want to have to download two many programs!

Thanks!

Answer by b_sav510
BODOG.COM

How to play the Cherry Casino online?

admin — Thu, 12 Apr 2012 11:55:53 +0000

Question by : How to play the Cherry Casino online?
Tell about the Cherry Casino?

Answer by Jesse
Cherry Casino is a simple one which does not require any specific software to install. Any one can just go through this website and play the game instantly using the web browser itself. These online casinos are great for those who play from work and people who travel a lot. Cherry Casino has really a pleasant environment to play and one can enjoy this site a lot.

Anyone play on Golden Palace Online Casino?

admin — Tue, 03 Apr 2012 15:03:40 +0000

Question by Wiki-Wizard: Anyone play on Golden Palace Online Casino?
Adding money to your account is like pulling out teeth. Anyone with paypal will to send me some money from you GP account where i can pay back via paypal?

Answer by charles s
that casino sucks simply because there banking system is bad.

Go to Grand Hotel Casino a much better online casino. Here is there link hope this helps.

http://www.grandhotelcasino.com/default.asp?btag=aff_102_c5739_b2253

What is the best online casino game to play?

admin — Mon, 02 Apr 2012 17:29:49 +0000

Question by yogagirl: What is the best online casino game to play?

Answer by ken
If your going to win money. Craps has the best odds for the player but most people find it very difficult to learn. Blackjack would be second best and its very easy to learn. I used to be a dealer and this was by far the easiest to learn and to play especially for beginners. If you get a good dealer they should help teach you how to play. The games you definitely want to stay away from are roulette, and let it ride.

How SG players play online casino?

admin — Fri, 30 Mar 2012 04:14:04 +0000

Question by Ricia: How SG players play online casino?
Hi, do anyone know how sg people can play in online casinos and stuff? Hope you can help. Thanks =)
SG means singapore…. hahaha =)

Answer by pdq
What are “sg” people?

With Google, I get “Solid Guitar”, “SuicideGirls”, and “Singapore”, among others.

Have you play : Second Life ? Economy ?

admin — Tue, 27 Mar 2012 01:39:41 +0000

Question by MISES.ORG: Have you play : Second Life ? Economy ?
The Coming Second Life Business Cycle
By Matthew Beller
Posted on 8/2/2007
| Subscribe or Tell Others |

Matthew Beller’s Second Life avatar,
designed to resemble Ludwig von Mises
Ludwig von Mises once wrote that an economist “must be conversant with mathematics, physics, biology, history, and jurisprudence, lest he confuse the tasks and the methods of the theory of human action with the tasks and the methods of any of these other branches of knowledge.” In modern times, with the increasing popularity of computer-based interactive virtual worlds, it may soon be necessary for economists to familiarize themselves with the intricacies of virtual reality, lest they confuse the tasks and the methods of real-world economics with those that apply to virtual reality.

Some economists might dismiss virtual worlds as an application for economics, given that they do not contain any resources that are traditionally considered scarce (lumber, steel, oil, etc.), but a closer inspection reveals that some virtual worlds contain real market economies complete with scarce resources, property rights, entrepreneurship, and exchange. Furthermore, real people underlie the inhabitants of virtual worlds, so we can therefore analyze their economies using Austrian economics and the science of human action.

One virtual world that is currently popular is called Second Life. Second Life was created by the San Francisco-based company Linden Research, Inc. and opened in 2003. It is an Internet-based three-dimensional virtual world where its 8 million unique residents can interact with one another.[1] Residents can create virtual clothing, hairdos, houses, airplanes, concert halls, video games, and endless other items by using an infinite supply of “primitives,” which are atomistic objects that can be shaped, colored, combined, and programmed to behave in a particular way. Residents can then replicate their creations and sell the copies to one another at whatever price they set.

Second Life has attracted attention from Wired Magazine, The Economist, and other media with stories of a burgeoning economy and entrepreneurs earning their sole incomes by selling virtual goods and services. Accordingly, real-world economists and Second Life’s residents alike could benefit from a closer look into the actual workings of its economy, and the effects of economic intervention.

Second Life’s economy could reasonably be compared to that of a small foreign country dependent on tourism. Consumers are inhabitants of the real world who take what are essentially pleasure trips to Second Life, perhaps to meet new people at a dance club, shop for virtual clothing, attend a conference, or gamble at a casino. Like real tourists, consumers exchange their real US dollars for Second Life’s currency, the Linden Dollar (L$), typically on a currency exchange run by Linden, called the LindeX. They then use their L$ to purchase goods and services created by other Second Life residents, and if they have extra L$ when they’re done, they can sell their L$ for US$ on the LindeX.

Linden, essentially representing the state in Second Life’s economy, does not generally interfere with economic activity. The Economist reports on Linden founder Philip Rosedale’s attitude toward intervention,

“Mr. Rosedale prefers to rule Second Life with Adam Smith’s ‘invisible hand’ only. To him that means treating every resident the same, whether it happens to be Toyota or ‘an 80-year-old woman from India.’ Both will pay the same price for their [virtual land]; what they do with it is up to them.”

Proponents of private property and non-intervention would certainly laud such a hands-off policy. If Linden’s goal is to create a setting for a stable, growing economy that will provide the most satisfaction to the most residents, it must avoid the pitfalls of interventionism that plague real-world economies. As Ludwig von Mises and others have shown, one interventionist policy creates distortions that must be fixed by other interventionist policies, which lead to problems that require further intervention, and so on, until the state controls every aspect of the economy.

Unfortunately, despite Mr. Rosedale’s free-market rhetoric, a look at Linden’s actual practices reveals that it has already started down the path of intervening in the economy. One critical example of Linden’s intervention is that it has granted itself the ability to manipulate the single-most important commodity in any economy: money.

In the Terms of Service, the L$ is defined as “a limited license right available for purchase or free distribution at Linden Lab’s discretion, and is not redeemable for monetary value from Linden Lab.” By defining the L$ in such a way, Linden has granted itself the power of a central bank in managing Second Life’s equivalent of a fiat currency. Linden can create as many new L$ as it wants, whenever it wants, and spend them or give them away at its own discretion. Also, because Linden maintains a peg of about L0=US on the LindeX, it gives the appearance that the L$ is as good as real-world money.

Fiat currencies are subject to much criticism, particularly by Austrians. However, they are not criticized because they cause undesirable economic distortions in and of themselves. Rather, they are criticized because, unlike commodity monies such as gold, they can be created from nothing, so are highly susceptible to artificial expansion and manipulation. This expansion, as the Austrian theory of the business cycle shows us, is the source of economic distortions that lead to unsustainable booms, followed by inevitable busts.

To establish whether Linden has in fact been manipulating the L$ supply and determine if Second Life is susceptible to bust, we can examine historical economic statistics published by Linden for signs of artificial growth in the L$ supply. The graph below shows Second Life’s L$ supply since September of 2005, as well as the two consolidated sources of month-to-month changes in the money supply.

Your eye might be drawn to the sudden acceleration in L$ growth at the end of 2006 coincident with a significant increase in LindeX sales (where Linden is creating new L$ and selling them for US$), but that is not necessarily a bad thing. Ignoring the problems with the US$, LindeX sales represent inflows of real wealth into Second Life. When residents purchase L$ on the LindeX using US$ that they have earned in the real world, they are foregoing consumption in the real world in order to spend or invest their newly purchased L$ in Second Life.

It is actually the small, perpetual budget deficit that reveals something quite sinister. Unlike L$ sales on the LindeX, they do not reflect a flow of real wealth into Second Life. Instead, they are created by Linden to represent wealth, but no economic production was involved in creating them. These deficits occur when the weekly L$ stipends Linden pays to premium residents exceed its revenues from land rentals and other administrative services it provides to residents. In order to fund the deficits, Linden creates new L$ and injects them into Second Life.

In the United States, the Federal Reserve’s primary mechanism for increasing the US$ supply involves purchasing debt securities issued by the US Treasury. Linden’s process slightly differs in that it creates exactly as many L$ as are needed to make up for its budgetary shortfalls without ever issuing any debt. Every time Linden runs a deficit, the L$ supply instantly increases by an equivalent amount.

Linden’s monthly budget deficit might appear insignificant in the graph, but in fact Linden has been increasing the money supply by an average of 6% per month this way. Annualized, it is more than doubling it each year. During the past year and a half, Linden created L6 million through its deficits, which makes up over 33% of today’s L$ supply. These figures certainly suggest that Linden has been artificially expanding the L$ supply, but there is one possible argument that would indicate otherwise.

Premium members who receive weekly L$ stipends pay Linden US.95 per month for that privilege. One could argue that this US.95 represents an inflow of real wealth into Second Life to make up for the L$ created through deficits, but this argument is tenuous. These US$ revenues are presumably used by Linden to pay its employees, maintain its servers, and pay other operating and financing costs, with the remaining profit or loss passed on to its shareholders. Unfortunately, as the graph below shows, there have been months when Linden’s US$ revenues would not have been enough to cover the new L$ creations.

In September of 2005, Linden collected as much as US,000[2] from premium members, which is equivalent to about L million at the L$’s current exchange rate. But during that month, it created L million in order to fund its fiscal deficit. That means that even if Linden had not allocated a single US$ to its employees or incurred any real-world costs whatsoever, it still would not have collected enough US$ to match its newly created L$.

“Second Life’s residents could benefit from a closer look into the actual workings of its economy, and the effects of economic intervention.”

Given the strong evidence that Linden has unnaturally inflated the L$ supply, Austrian economics tells us that there are a couple of potential outcomes that are likely to occur. In the first, Linden will stop running significant deficits at some point. With less L$ available to spend, residents will demand fewer goods and services, leading to lower prices and reduced profits. Previously profitable enterprises will go out of business and the wealth of many residents will decrease, slowing overall economic activity.

The other possibility is that Linden will continue running deficits to the point that a sufficient number of residents and speculators will recognize the L$’s frailty. In what Ludwig von Mises referred to as a “crack-up boom,” everyone will scramble to redeem his L$ for “real goods,” which, in the case of Second Life, is probably the US$.

As more and more people sell their L$ on the LindeX, Linden might choose to maintain its L0=US peg for some amount of time, but operating under the assumption that it has not maintained 100% US$ reserves, it will eventually run out of US$ or decide to stop selling them, and the L$ will depreciate rapidly. In either outcome, residents will discover that they possess less wealth than they perceived they had during the time leading up to the crash.

To summarize, it appears very likely that Second Life will experience at least some form of economic recession. Depending on its severity, it might result in Linden’s losing many of its customers. If Linden wants to prevent this from happening and foster a stable, growing economy within Second Life, it should apply the lessons of Austrian economics to its policies: abolish restrictions on content, strengthen the ability of residents to enforce their property rights, and, most important, tie the L$ to a real-world commodity money backed by 100% reserves.

——————————————————————————–

Matthew Beller is a former employee of the Federal Reserve Board of Governors and currently works for the Securities and Exchange Commission in Los Angeles. Send him mail. Comment on the blog.

The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This article expresses the author’s views and does not necessarily reflect those of the Commission, the Commissioners, or other members of the staff.

Notes

[1] SecondLife.com/

Answer by mel
it’s a game.

Does anyone know how to claim your $300 free play from Platinum Play Casino Online?

admin — Tue, 20 Mar 2012 20:26:47 +0000

Question by coachhdb_2000: Does anyone know how to claim your 0 free play from Platinum Play Casino Online?
They sent me a promotion saying you could play 0 on the house without depositing any money. If this is just a scam, do you know of any other legitimate websites where you can play for free and win real money, similar to the centsports website where you can place bets risk free and win real money.

Answer by max_rochny
be aware of scams………………

where can i play online blackjack without gambling?

admin — Sun, 04 Mar 2012 20:52:10 +0000

Question by Ste M: where can i play online blackjack without gambling?
o would like to play online blackjack but i really dont want to gamble or spend money got eny sites?

Answer by UFSanity
http://www.pogo.com has a free blackjack game.

Gambling FAQ » play

How do you play street craps (shoot dice, etc)?

Related Posts

IF you are a professional poker player, how young did you start to play?

Related Posts

I’m looking for an online casino that has all the below games to play for free. Any recommendations?

Related Posts

How to play the Cherry Casino online?

Related Posts

Anyone play on Golden Palace Online Casino?

Related Posts

What is the best online casino game to play?

Related Posts

How SG players play online casino?

Related Posts

Have you play : Second Life ? Economy ?

Related Posts

Does anyone know how to claim your $300 free play from Platinum Play Casino Online?

Related Posts

where can i play online blackjack without gambling?

Related Posts