The Belmont Stakes, Justify and Where to Celebrate

Favorites don’t often win the Belmont, and when they do they pay poorly.

But, Justify is not just the favorite, Justify is a triple Crown candidate after winning the Kentucky Derby and Preakness. Justify, at 4-5, was the overwhelming morning-line favorite in the 10-horse field followed by Hofburg (9-2), Bravazo (8-1) and Vino Rosso (8-1). Justify’s odds could be as low as 1-5 by post time.

Justify winning the Kentucky Derby.

But Justify seems different – a genuine favorite for the Triple Crown. How different?

  • He’s massive – weighing 1,380 pounds, more than 250 above the average thoroughbred.
  • Justify won the first leg of the Triple Crown by decisively Good Magic by 2½ lengths with Audible another head behind.The Washington Post calls says “He has an attitude to match, more pushy than regal.”
  • He won the Kentucky Derby in just his fourth lifetime start, and in doing so, beat the dreaded Curse of Apollo as the first horse since 1892 to win the Derby without having raced as a 2-year-old.

The Belmont Stakes is the last leg of the Triple Crown – called the “Test of Champions” because it is the longest of the Triple Crown races at 1 1/2 miles.

There have been 12 Triple Crown winners, with American Pharoah the latest winner in 2015. Thirty horses have won the first two legs of the Triple Crown, but 19 of them failed to win the Belmont. In addition to Sir Barton, the other Triple Crown winners have been Gallant Fox (1930), Omaha (1935), War Admiral (1937), Whirlaway (1941), Count Fleet (1943), Assault (1946), Citation (1948), Secretariat (1973), Seattle Slew (1977) and Affirmed (1978). Secretariat was the fastest ever, setting the world record for a mile-and-a-half distance on a dirt track at 2 minutes, 24 seconds.

So, where can you watch and celebrate the Belmont Stakes this weekend?

FOXWOODS – 150th Belmont Stakes – Advance wagering starts June 8th; Race celebration June 9th.

MOHEGAN SUN – Belmont Stakes Party – SATURDAY, JUNE 9TH, Doors open at 11:00am, Uncas Ballroom.  To add to the racing day atmosphere, VIRTUAL RACING – Saturday, June 9th 2018, 5:00pm & 8pm.

That’s all for now.

Binbin

 

 

POWERBALL Mania Rings in NYE 2018

 

pb_logo

Tis the season to start dreaming: Prizes for Powerball have climbed past $300 million, with drawings set for Saturday. 

But don’t quit your day job just yet. You’ve Heard it Said Before  – “You Can’t Win If You Don’t Play”  How about some other similar sayings, like:

“You Can’t Win If You Don’t Enter” (Still waiting for the balloons & GIGANTIC Check!)

“You Can’t Sit If You Want to be Fit” (True! I’m glad I found that saying sitting in my recliner!)

“(If) You Can’t Say Something Nice, Don’t say ANYTHING AT ALL”

“You Can’t Complain If You Don’t Vote” (Just think – If we had a $1 National Complaint Jar, We’d turn that deficit around in no time!)

“You Can’t Make Your Bed If You’re a Tyrannosaurus Rex”(Ok, that’s kinda off track, but pretty funny)

poor-t-rex_o_177370

So, today, POWERBALL is BIG AGAIN! POWERBALL MANIA. Part 2 of a previous post of NETG’s POWERBALL Coverage reminds us of what powerball is about.  If you want to read the first post, click here for POWERBALL Payoffs, A Little History, & A Little Bit of Humor.

Here are some truths about Powerball:images (1)

  • 75% of Jackpot winners used Quick Picks for their numbers.
  • The four winning-est Powerball Numbers are 26, 41, 22, 16
  • The odds are so large that even buying every number combination at $2 a ticket would cost you $584 million.  Sounds like a profit, right.  After taxes, you’ll still owe millions.
  • Lottery results are completely random, so no one can control the outcome. It is impossible to predict a number beyond its overall probability of appearing among the winning numbers. A random guess has just as much chance at winning as playing birthdays, anniversary dates, or any personal system. Players can’t control lottery outcomes by using various methods to forecast winning numbers – if so, would it be over $800,000,000?
  • The rules were changed on October 7, 2015 to make the jackpot harder to hit, and thus grow larger jackpots. The previous jackpot probability was 1 in 175.2 million. It is now 1 in 292.2 million.
  • Losers-e1443618224855Buying more tickets does not increase your chances.  Each ticket should be considered like one play on a slot machine – one event. THE ODDS DON’T CHANGE! YOU DON’T HAVE A BETTER CHANCE IF MORE OR LESS PEOPLE BUY TICKETS, OR WHATEVER THE JACKPOT IS!

WHAT ARE YOUR CHANCES – REALLY?

While it is true – “You Can’t Win If You Don’t Play,” what chances do you have to win? You have a better chance of the following instead of winning Powerball:

1. Dying from an asteroid strike: 1 in 74,817,414

2. Getting killed by a terrorist act in the United States: 1 in 10,000,000

3. Getting murdered during a trip to the Grand Canyon: 1 in 8,156,000

4. Dying from chronic constipation: 1 in 2,215,900

5. Becoming a movie star: 1 in 1,505,000

6. Getting struck by lightning: 1 in 1,101,000

7. Birthing identical quadruplets – Odds: 13,000,000 to 1

8. Becoming an astronaut – Odds: 12,100,000 to 1

9. Getting a royal flush in a first hand of poker – Odds: 649,740 to 1

10. Finding a four leaf clover – Odds: 10,000 to 1

So, it’s true – You Can’t Win If You Don’t Play. Have fun with it, since, you’re likelier to die getting struck by lightning than winning the Powerball jackpot: 1 in 134,906.

That’s all for now. I have to rush down to Lotto Mart to buy “a” ticket.

Binbin

NETG Powerball Coverage Part 1 – What You Need To Know About That Winning Ticket

pb_logoYou’ve Heard it Said Before  – “You Can’t Win If You Don’t Play”  How about some other similar sayings, like:

  1. “You Can’t Win If You Don’t Enter” (Still waiting for the balloons & GIGANTIC Check!)
  2. “You Can’t Sit If You Want to be Fit” (True! I’m glad I found that saying sitting in my recliner!)
  3. “(If) You Can’t Say Something Nice, Don’t say ANYTHING AT ALL”
  4. “You Can’t Complain If You Don’t Vote” (Just think – If we had a $1 National Complaint Jar, We’d turn that deficit around in no time!)
  5. “You Can’t Make Your Bed If You’re a poor-t-rex_o_177370Tyrannosaurus Rex”(Ok, that’s kinda off track, but pretty funny)

So, today, POWERBALL is BIG AGAIN! POWERBALL MANIA. Part 2 of a previous post of NETG’s POWERBALL Coverage reminds us of what powerball is about.  If you want to read the first post, click here for POWERBALL Payoffs, A Little History, & A Little Bit of Humor.

“Doesn’t buying more tickets increase your chances?

The answer is a definite NO.  Just like every pull on a slot machine, every single ticket has the same chances, and more tickets doesn’t improve that!

The TRUTH ABOUT YOUR CHANCES?  

YOU CAN’T HANDLE THE TRUTH…. ABOUT YOUR CHANCES!

Today’s POWERBALL odds for the Jackpot are 1 in 292,000,000.

75% of Jackpot winners used QuickPicks for their numbers.

images (2)The four winning-est Powerball Numbers are 26, 41, 22, 16

The odds are so large that even buying every number combination at $2 a ticket would cost you $584 million.  Sounds like a profit, right.  After taxes, you’ll still owe millions.

images (1)Lottery results are completely random, so no one can control the outcome. It is impossible to predict a number beyond its overall probability of appearing among the winning numbers. A random guess has just as much chance at winning as playing birthdays, anniversary dates, or any personal system. Players can’t control lottery outcomes by using various methods to forecast winning numbers – if so, would it be over $800,000,000?

The rules were changed on October 7, 2015 to make the jackpot harder to hit, and thus grow larger jackpots. The previous jackpot probability was 1 in 175.2 million. It is now 1 in 292.2 million.

Losers-e1443618224855Buying more tickets does not increase your chances.  Each ticket should be considered like one play on a slot machine – one event.  Remember those days of playing a slot repeatedly, pulling the handle, pushing the button – event after event. After no jackpot, you get up and the next player hits it after 5 pulls, or events. Well, that’s an overly simplified version the lottery.  THE ODDS DON’T CHANGE! YOU DON’T HAVE A BETTER CHANCE IF MORE OR LESS PEOPLE BUY TICKETS, OR WHATEVER THE JACKPOT IS!

While it is true – “You Can’t Win If You Don’t Play,” what chances do you have to win?

Well, here are 10 Things More Likely to Happen To You Than Winning Powerball :

1. Dying from an asteroid strike: 1 in 74,817,414

2. Getting killed by a terrorist act in the United States: 1 in 10,000,000

3. Getting murdered during a trip to the Grand Canyon: 1 in 8,156,000

4. Dying from chronic constipation: 1 in 2,215,900

5. Becoming a movie star: 1 in 1,505,000

6. Getting struck by lightning: 1 in 1,101,000

7. Birthing identical quadruplets – Odds: 13,000,000 to 1

8. Becoming an astronaut – Odds: 12,100,000 to 1

9. Getting a royal flush in a first hand of poker – Odds: 649,740 to 1

10. Finding a four leaf clover – Odds: 10,000 to 1

So, it’s true – You Can’t Win If You Don’t Play. Have fun with it, although, you’re likelier to die getting struck by lightning than winning the Powerball jackpot: 1 in 134,906.

That’s all for now. I have to rush down to Lotto Mart to buy “a” ticket.

Binbin

Keno 101

The odds in video keno are about as bad as slot machines – or worse. I have often wondered why anyone would ever play it – live or video. Generally, people who play keno are willing to buck long odds to have a chance for a big payout – like the lottery. To me, it’s about as exciting as watching paint dry.

But, everyone looks out a different window.  Whatever floats your boat.  To each his own……  You get what I’m saying.

One day, I was playing next to someone who ALWAYS plays keno.  I looked and he had just hit for $16,000!  I was happy for him – but still not enough for me to switch from a more skilled game such as video poker.

So, here’s a little refresher course, or Keno 101 if you’ve never played.

Old Chinese Keno Ticket

Old Chinese Keno Ticket

Keno is believed to date back to China in the 1st century AD when characters from one of Confucius` poems were used, rather than numbers, in the matrix. The object of the game to choose from one (1) to ten (10) numbers between one and eighty, in hope that some or all will be randomly selected by the centralized computer. Keno is a simple game of luck, much like most lottery games, where the player chooses numbers and hope as many as possible match those randomly drawn by a hopper or machine. According to The Wizard of Odds, Michael Shackelford, the odds are much better in video keno than live keno, keep in mind that the rate of play on a machine is about 50 times faster. Assuming the same bet size per game, you can expect to lose more per hour playing video keno.

Mr. Shackelford goes on to say on his site “….If you must play keno, the only skill is choosing where to play to play and then how many numbers to choose. It makes no difference which numbers who actually choose. Contrary to popular myth, legitimate keno games, like those in Las Vegas, are fair and every ball has a 1 in 80 chance of being drawn each game”

There are other reasons to play Keno.

  1. Video Keno can be slowed by the speed button.
  2. You don’t have to interact with others.
  3. While the odds are poor, the game can be a slower alternative if your casino visit gets off to a horrible start.
  4. Playing video keno at a bar can be an easy way of getting free drinks at a lower rate of betting.th
  5. Finally – it’s not brain surgery.  No need to practice the strategy – there is none.  Some will have a different opinion, but it’s basically “bet, pick the numbers, and let the balls be randomly chosen.”

According to Al Moe of All About Gambling, the most popular Video Keno game is Caveman Bingo, offers a bonus payoff.  After choosing your numbers, three of your non-chosen numbers will be marked with a big spotted dinosaur egg. If you have eggs that match any of the 20 numbers the machine chooses, the payoff is multiplied.

Caveman Keno

Caveman Keno

One matching egg pays the standard payoff, two matching eggs (they hatch as they go) pays 4 to 1, and if all three eggs match the payoff is 8 to 1 (some older machines are actually 10 to 1).  Al states that with the 8x multiplier the overall payoff is close to 96-percent, a very good game, which is actually better than most penny through dollar slots!  Something to consider.Keno CT
Live Keno can be found in every New England state (yes, even in Vermont). Connecticut is the latest to add live Keno to restaurants and stores. Each state’s Lottery system runs these games.  Foxwoods seems to be the only casino still offering live keno.

You might give it a try.  Just passing the time might make you a few unexpected bucks at Keno.

That’s all for now.

Binbin

Massachusetts Gaming – Will KENO Success Translate to Online Gaming?

mass lottery

Mass lottery

The Massachusetts Lottery has shown this year that it is one of the most successful lotteries in the country.

Without casinos, Massachusetts residents have had to dabble in the lottery system’s KENO offerings.  Any given day, a group of friends can be found at the bar, elbow to elbow, longtime pals, waiting for the next Keno drawing on the TV screens, as they’ve done hundreds of times before. The wait is never long. Keno drawings come every four minutes, a drumbeat of betting opportunities that make the lottery game an enduring staple of Massachusetts gambling and pub culture.

Customers play a round of keno at Daybreak Doughnuts in Bridgeport

For more information on KENO and the Lottery, check out our previous posts below:

KENO 101 

Lottery & Scratch Tickets – Exercise of Hope or Futility?

Keno — the random numbers game offered in many convenience stores and 1,200 bars and restaurants across the state — rang up $900 million in sales last fiscal year, with sales climbing 20 percent since 2010.

That makes Massachusetts the country’s leading Keno purveyor by far, accounting for almost one-quarter of all Keno sales in the United States. Only New York comes close, but even with nearly three times the population, it falls short by $90 million.

But now the Mass Lottery has its eye on a new endeavor – Online Gaming.

Online Gamer

Online Gamer

According to WGCB in Springfield, there’s a strong effort underway to bring online gaming to Massachusetts, stemming from the Massachusetts Lottery Commission which said it’s a way to reach out to a younger market.

Stephen Crosby, the Massachusetts Gaming Commission chairman, said “We need to make sure the online gaming environment is as safe and secure as the bricks and mortar environment [casinos].”  The chairman additionally observed that online gaming must be properly regulated to make sure all games are fair, that players are the proper age, and that no one is “cooking the books.”

A few states have been looking into it with a very cautious stance due to regulations and who would do the regulating.  Many states involved in the process look to the state’s Lottery to manage online gaming.  Internet gambling revenue is increasing in at least two of the three states that currently offer it – New Jersey, Delaware and Nevada,

Internet gambling revenue in Delaware, Nevada and New Jersey badly missed initial forecasts, which themselves were overly aggressive,” said Chris Krafcik, research director for Gambling Compliance, which tracks gambling legislation nationwide.

Sheldon Adelson

Sheldon Adelson

The industry still faces some nagging issues, as well as looming threats – including an effort in Congress to ban Internet gambling nationwide. The Restoration of America’s Wire Act has been introduced in both chambers this year, backed by billionaire casino mogul Sheldon Adelson, and could come up for a hearing next month.  With a new administration leaning more right than ever in the last ten years, and a lame duck presidency now, legislation efforts need to improve dramatically or face a possible dead end for all.

Proponents of online gaming in Massachusetts said it’s time to open a new gambling frontier , lottery games offered around the clock on mobile devices and computers.  The MGC wants to make sure the playing field is a level one when it comes to gaming.

“We want to hear from licensees to see how it affects them but trying to find a way for millennials to engage is trending online so we’ll have to see how it develops,” said Bruce Stebbins.  He referred to the heavy investments land casino operators have made in the state, and assured all concerned that the Commission does not want to undermine the local economy, and will therefore be attentive to make sure the land operators are treated fairly with the advent of the new genres of gaming technology.Daily-Fantasy-Sports

 

The Massachusetts Lottery Commission has already lobbied for permission to offer more online options in order to attract the younger millennial demographic so important to the future viability of the institution.  Recent reviews have indicated that a sharp decline in revenue is likely unless online products are offered as well.

 

In any case, a new frontier is exactly where this is going.  With the merger of FanDuel & DraftKings regarding Fantasy Sport Betting, regulations will be needed to watch for monopolies and an even playing field for all players.  But, if successful, the Massachusetts model could be the one other states follow.

Only time will tell – but time doesn’t appear to be on internet gambling’s side.

Binbin

 

 

 

New Hampshire Adds a New…….Casino?

New HampshireNETime Gambling has not covered gambling in New Hampshire. Why, because getting casino gambling in the Granite State has been on again, off again since the blog was started some four years ago.  Who knew, under the radar, there was a secret in New Hampshire that most us didn’t know!

Well, we did, but on such a small scale that it seemed unimportant.  But, while lawmakers refuse to join the New England Casino Expansion race, gambling is still growing in the Granite State.

downloadA casino facility has just opened in Nashua. Jennifer Currier’ article on NH1.com entitled “Gambling Expands in NH with New Nashua Casino” describes the opening, and how this new casino would be the 10th gambling property in New Hampshire.  The new Nashua, NH casino, The Boston Billiard Club & Casino, says it will include 15 poker tables alongside five pit games including roulette, blackjack, Mississippi Stud, Let it Ride and more (Doesn’t seem like a home poker to me) in accordance with the Racing and Charitable Gaming Commission.  Click on the link above for more info.

Hampton Falls Poker Room, New Hampshire

Hampton Falls Poker Room, New Hampshire

Previously, NETG posted it’s first look into New Hampshire’s poker rooms in Poker Update – Healthy in the Northeast, Including New Hampshire?.  At the time, it looked like similar operations to California’s Poker Rooms before Casino Gambling was allowed, only on a much smaller scale. But now offering Blackjack & Roulette as well?  How does this happen in a state without the legislature legalizing casino gambling?

According to CasinoCity.com, “charitable gaming in New Hampshire includes poker, bingo, Lucky 7, raffles, games of chance and card rooms. The only form of legal electronic bingo gaming is handheld electronic bingo cards. Bingo, and Lucky 7 have been legal in New Hampshire since 1949 and games of chance since 1977.”

rockingham_logo

When Rockingham Racing ended, a void was filled with more charitable casinos.

The New Hampshire Racing and Charitable Gaming Commission is responsible for the enforcement of applicable laws and regulations of charity games. In 2011, HB348 was signed into law by the governor. This legislation requires primary game operators conducting games of chance to use video monitoring in all areas where money is handled, including table games and the cash office. Also, language was included to make it a felony to defraud charities of any monies legally due from charitable gaming.

Here’s the basics:

  • 55% of the revenue generated by these facilities goes to operating and management costs
  • 10% is paid back to the state
  • the remaining 35% gets donated to local charities.
  • Players are limited to any single of $4. Poker is a bit more complicated, with a $5 cap per hand, and each player cannot put more than $500 into the pot.
  • Players keep their winnings.
The new Nashua casino opens in 5 days.

The new Nashua casino opens in 5 days.

It seems gambling is alive in New Hampshire and growing.  But don’t think this will lead to legalized gambling and a casino or two.  The legislature understands that adding legalized casinos with all the fixings would compromise the Charity Gambling Law in NH, with many needy charities loosing out to the new legislature, most likely due to casinos demanding that the law in changed or stopped in the interest of the brick-and-mortar casinos.

So, maybe New Hampshire is content just the way it is – for now.

That’s all for now.

Binbin

Lottery & Scratch Tickets – Exercise of Hope or Futility?

lotteryCan I say that state lotteries and scratch tickets are not a good gamble without getting people all riled up?  We all know they are some of the worst odds to winning other than one-card monte?

Well there are some things to help your incredible poor and hopeless odds – but by no means am I saying it will make you a winner.

For example, did you know that every roll of tickets begins with ticket number “000,” so the higher the number, the greater the likelihood that somebody has already bought one or all of the winning tickets. Therefore, avoid tickets with higher numbers.  (Of course, that’s just in one store or vender)

Scratch TicketsDid you know scratch off tickets continue to be sold even after the top prizes have been won?  Imagine playing max on a slot machine advertising a million dollar jackpot – but you didn’t know it was already given away. So, check the lottery’s homepage to see which games have been won. Every scratch off game has a given number of top prizes. However, it is still perfectly legal for a retailer to continue selling the rest of its tickets after all the top prizes have already been claimed.

Fortunately for the players, this information is available on the state’s lottery homepage.

Logically, the newest games will typically have the most unclaimed prizes, so try to find a retailer that sells these games.

So, what about lottery tickets. How much do I really know about the lottery, or rather, how much do I really WANT to know?  First question I had was “are Scratch off tickets considered Lottery?” Yes, they are. And here are a few more interesting and fun facts about Lottery Tickets – some will definitely make you think about buying them again!Lottery

Did you know that:

  • …if you put $20 a month into buying lottery tickets from age 25 to 65, you’ll likely come out with next to nothing. If you instead put that into a mutual fund, you would have $93,626.41, after taxes!
  • …when asked if you’d quit your job after winning the lottery, you should lie. It’s a fairly common question asked by job interviewers: If you won the lottery, would you keep working? Companies aren’t really concerned about the possibility this would happen, and on some level every hiring manager has to know that most people would quit if hundreds of millions of dollars fell into their lap. Nonetheless, the question is asked because the answer can reveal just how little the job applicant cares about work and his career or the company doing the hiring. It’s something of a trick question, so pause before answering — and when you answer, don’t blab on about how much you loathe the idea of having to get up in the morning to go to the office
  • …5 years or less is the typical amount of time it takes a lottery winner to burn through his winnings
  • …you’re far more likely to die a horrible death than win. The statistics say that, compared with winning the lottery, you are 33 times as likely to be killed by bees, 50 times as likely to be struck by lightning, 8,000 times as likely to be murdered and 20,000 times as likely to be killed in a car crash.
  • …the first recorded signs of a lottery are keno slips from the Chinese Han Dynasty between 205 and 187 BC. These lotteries are believed to have helped to finance major government projects like the Great Wall of China. (Some things never change)
    1776 Lottery ticket issued by the Continental Congress to finance the American Revolutionary War.

    1776 Lottery ticket issued by the Continental Congress to finance the American Revolutionary War.

    …in America, The numbers game operated out of “Policy shops”, where bettors choose numbers, were in the U.S. prior to 1861. By the early 20th century, the game was associated with poor communities, and could be played for as little as $0.01

An Interesting Story….
…the U.S. Powerball lottery drawing of the March 30, 2005 game produced an unprecedented 110 second-place winners, all of whom picked five numbers correctly with no Powerball number. The total came out to $19.4 million in unexpected payouts. 89 tickets won $100,000, but 21 additional tickets won $500,000 due to the Power Play multiplier option. PowerballPowerball officials initially suspected fraud, but it turned out that all the winners received their numbers from fortune cookies made by Wonton Food Inc., a fortune cookie factory in Long Island City, Queens, New York. The number combinations printed on fortunes are reused in thousands of cookies per day. The five winning numbers were 22, 28, 32, 33, and 39. The sixth number in the fortune, 40, did not match the Powerball number, 42.

Now, Myths and Facts
Myth: There are “hot numbers” that are drawn more often than others.
Fact: Lottery draws are completely random, so there are no hot numbers. Every number has an equal chance of being drawn, so every set of lottery numbers has the same chance of winning.

Myth: “Fresh” or newly arrived tickets are luckier than tickets from a previous week.
Fact: The probability of purchasing a winning ticket is the same over the lifespan of a lottery game. Unsold tickets from a previous week have the same chance of containing a winning ticket as newly delivered tickets.

Myth: Players can control lottery outcomes by using various methods to forecast winning numbers.
Fact: Lottery results are completely random, so no one can control the outcome. It is impossible to predict a number beyond its overall probability of appearing among the winning numbers. A random guess has just as much chance at winning as playing birthdays, anniversary dates, or any personal system.

Probably more info you needed to know, but after all I found, I still wonder why play? Hmm…..

That’s all for now.

Binbin

NETG Powerball Coverage Part 1 – What You Need To Know About That Winning Ticket

pb_logoYou’ve Heard it Said Before  – “You Can’t Win If You Don’t Play”  How about some other similar sayings, like:

  1. “You Can’t Win If You Don’t Enter” (Still waiting for the balloons & GIGANTIC Check!)
  2. “You Can’t Sit If You Want to be Fit” (True! I’m glad I found that saying sitting in my recliner!)
  3. “(If) You Can’t Say Something Nice, Don’t say ANYTHING AT ALL”
  4. “You Can’t Complain If You Don’t Vote” (Just think – If we had a $1 National Complaint Jar, We’d turn that deficit around in no time!)
  5. “You Can’t Make Your Bed If You’re a poor-t-rex_o_177370Tyrannosaurus Rex”(Ok, that’s kinda off track, but pretty funny)

So, today, POWERBALL is BIG AGAIN! POWERBALL MANIA. Part 2 of a previous post of NETG’s POWERBALL Coverage reminds us of what powerball is about.  If you want to read the first post, click here for POWERBALL Payoffs, A Little History, & A Little Bit of Humor.

Yesterday, I heard the same misconceptions on the Today Show.  Only Dillon Dryer knew the truth about gambling %.  The rest of the TV personalities were just clueless, asking the age-old uniformed question “Doesn’t buying more tickets increase your chances?

The answer is a definite NO.  Just like every pull on a slot machine, every single ticket has athe same chances, and more tickets doesn’t improve that!

The TRUTH ABOUT YOUR CHANCES?  

YOU CAN’T HANDLE THE TRUTH…..ah, ABOUT YOUR CHANCES!

Today’s POWERBALL odds for the Jackpot are 1 in 292,000,000.

75% of Jackpot winners used QuickPicks for their numbers.

images (2)The four winning-est Powerball Numbers are 26, 41, 22, 16

The odds are so large that even buying every number combination at $2 a ticket would cost you $584 million.  Sounds like a profit, right.  After taxes, you’ll still owe millions.

images (1)Lottery results are completely random, so no one can control the outcome. It is impossible to predict a number beyond its overall probability of appearing among the winning numbers. A random guess has just as much chance at winning as playing birthdays, anniversary dates, or any personal system. Players can’t control lottery outcomes by using various methods to forecast winning numbers – if so, would it be over $800,000,000?

The rules were changed on October 7, 2015 to make the jackpot harder to hit, and thus grow larger jackpots. The previous jackpot probability was 1 in 175.2 million. It is now 1 in 292.2 million.

Losers-e1443618224855Buying more tickets does not increase your chances.  Each ticket should be considered like one play on a slot machine – one event.  Remember those days of playing a slot repeatedly, pulling the handle, pushing the button – event after event. After no jackpot, you get up and the next player hits it after 5 pulls, or events. Well, that’s an overly simplified version the lottery.  THE ODDS DON’T CHANGE! YOU DON’T HAVE A BETTER CHANCE IF MORE OR LESS PEOPLE BUY TICKETS, OR WHATEVER THE JACKPOT IS!

While it is true – “You Can’t Win If You Don’t Play,” what chances do you have to win?

Well, here are 10 Things More Likely to Happen To You Than Winning Powerball :

1. Dying from an asteroid strike: 1 in 74,817,414

2. Getting killed by a terrorist act in the United States: 1 in 10,000,000

3. Getting murdered during a trip to the Grand Canyon: 1 in 8,156,000

4. Dying from chronic constipation: 1 in 2,215,900

5. Becoming a movie star: 1 in 1,505,000

6. Getting struck by lightning: 1 in 1,101,000

7. Birthing identical quadruplets – Odds: 13,000,000 to 1

8. Becoming an astronaut – Odds: 12,100,000 to 1

9. Getting a royal flush in a first hand of poker – Odds: 649,740 to 1

10. Finding a four leaf clover – Odds: 10,000 to 1

So, it’s true – You Can’t Win If You Don’t Play. Have fun with it, although, you’re likelier to die getting struck by lightning than winning the Powerball jackpot: 1 in 134,906.

That’s all for now. I have to rush down to Lotto Mart to buy “a” ticket.

Binbin

NETG Powerball Coverage Part 2 – POWERBALL Payoffs, A Little History, & A Little Bit of Humor

pb_logo

POWERBALL BALL PAYOFFS – FROM POWERBALL.COM

Match Prize Odds
5 Match + Powerball
Grand Prize
1 in 292,201,338.00
5 Match
$1,000,000
1 in 11,688,053.52
4 Match + Powerball
$50,000
1 in 913,129.18
4 Match
$100
1 in 36,525.17
3 Match & Powerball
$100
1 in 14,494.11
3 Match
$7
1 in 579.76
2 Match + Powerball
$7
1 in 701.33
1 Match + Powerball
$4
1 in 91.98
Powerball
$4
1 in 38.32

 

thLOTTERY HUMOR

Did you hear about the guy who put his Powerball ticket in a box labeled “Schrodinger’s Cat?” He figured without opening the box, he increased his odds from 1:292,000,000, to 50/50 – as long as he didn’t open the box!

A Man Wins the Lottery rushes into his house and yells to his wife, “Martha, pack up your things. I just won the state lottery!”
Martha replies, “Shall I pack for warm weather or cold?”
The man responds, “I don’t care. Just so long as you’re out of the house by noon!”

Did you hear about the new 3 million dollar State Lottery? The winner gets 3 dollars a year for a million years.

The best bet for a player to make is what is called a “Mind Bet” You stand behind the game watch the action and attempt to predict the winner. You never bet any real money you only bet in your mind. Last week a friend of mine lost his mind three times.

WEIRD LOTTERY FACTS

  • …if you put $20 a month into buying lottery tickets from age 25 to 65, you’ll likely come out with next to nothing. If you instead put that into a mutual fund, you would have $93,626.41, after taxes!
  • when asked if you’d quit your job after winning the lottery, you should lie. It’s a fairly common question asked by job interviewers: If you won the lottery, would you keep working? Companies aren’t really concerned about the possibility this would happen, and on some level every hiring manager has to know that most people would quit if hundreds of millions of dollars fell into their lap. Nonetheless, the question is asked because the answer can reveal just how little the job applicant cares about work and his career or the company doing the hiring. It’s something of a trick question, so pause before answering — and when you answer, don’t blab on about how much you loathe the idea of having to get up in the morning to go to the office
  • 5 years or less is the typical amount of time it takes a lottery winner to burn through his winnings.
  • …a little history – the first recorded signs of a lottery are keno slips from the Chinese Han Dynasty between 205 and 187 BC. These lotteries are believed to have helped to finance major government projects like the Great Wall of China. (interesting – gambling to fund social / public projects, hmmm….some things haven’t changed)images
  • …in America – The numbers game operated out of “Policy shops”, where bettors choose numbers, were in the U.S. prior to 1861. By the early 20th century, the game was associated with poor communities, and could be played for as little as $0.01

For more facts pertaining to POWERBALL today – Saturday, January 9, 2016 click here to be taken to NETG Powerball Coverage Part 1 – What You Need To Know About That Winning Ticket.

 

Bingo Anyone? “888Ladies.com” Covers It All

downloadI never know where my connections will take me.  I was looking into ways to refute the latest reports of New England Casinos raising the payout percentage to attract patrons.  (It’s not always about averages, or percentages – everyone knows how numbers can be used to prove a point, without bearing the full responsibility of the entire story!)

casinoanswermanI suggest you check out John Grochowski’s  (The Casino Answer Man) article titled The Real Deal on Slots and their Odds.  Great article and lots of diagrams to help even the most needy of us Math-a-teers understand.  Then notice the website!  Yes, it’s 888Ladies!

download888Ladies is about bingo – playing bingo, playing online bingo, buying supplies and lots of great gift items for bingo, a community for it’s member concerning – let’s face it, it’s BINGO, BINGO, BINGO!

Now, for those of you like me that are not big fans of bingo, or think of certain stereotypes of what the bingo player looks like (just don’y go there!), you still might want to visit this website.  Recent posts include:

  • 75-Ball Bingo (history, explanations & strategies)
  • The Do’s & Don’ts of Playing Bingo Online
  • Make Your Bingo Budgets Last Longer

So, Bingo players unite – and head over too 888Ladies for all your Bingo concerns and needs.

Foxwoods Cavernous Bingo Hall

Foxwoods Cavernous Bingo Hall

Remember, we have one of the biggest Bingo Rooms in America at Foxwoods Resort & Casino.  Click here to see it’s website for games, times, promotions, and more.

That’s all for now.  B-4………………………and after.

Binbin

Winning Keno System? Shame on MassCasinoNews


09-01_bewareThe biggest scam in the world: sure-bet gambling systems.  The only people that believe they work are those who either ignore the science and math involved, or are the ones who are trying to sell it to you to make money off of you.

I was horrified that a casino website that is supposed to be a “news reporting and curating website” reporting on casino news specific to Massachusetts would include a post called “You Can Win Using Keno Queen’s Overlap System.”  Could this be another way of having more people bet more money to get the state of Massachusetts more gambler’s money for their coffers?

th (2)Keno is a simple game of luck, much like most lottery games, where the player chooses numbers and hope as many as possible match those randomly drawn by a hopper or machine. There are two formats for playing keno: live and video. In video keno, which is what the author is commenting about, the player touches a screen, sometimes using a wand, to pick numbers and the machine does the draw randomly.

According to the Wizard of Odds, “Like most games of pure luck, the odds in keno are pretty poor.”  Believe me when I tell you there aren’t many professional advantage Keno players out there unless they’re selling you something, because that’s the only way they’ll make money.!

th (3)Again quoting Michael Shackelford, the Wizard of Odds, “Not only do betting systems fail to beat casino games with a house advantage, they can’t even dent it.”

And from Patrick Billingsley, “No betting system can convert a subfair game into a profitable enterprise… — Probability and Measure(second edition, page 94)

Publishing an article such as that is irresponsible and caters to those who may actual believe it’s true – and even coaxing play past a person’s bankroll.

I suggest the “system” by the “Keno Queen” (interesting it’s anonymous) take on The Wizard of Odds Challenge.  This how Mr. Shackelford explains it: “For about six years, from 1999 to 2005, I offered $20,000 to anyone with a betting system that could show a profit over a one billion hand computer simulation. Here you can find the rules of the challenge. However, in all this time I only had one serious taker and hundreds of people wasting my time, pretending to be interested but never following through. So in January 2005, I took down the offer. My (new) webmaster, Michael Bluejay, now offers essentially the same challenge on his own site, VegasClick.com. If you accept his challenge, and win, I will be happy to state as such on the front page of this site, for proving the experts wrong.”

The reality is that no pattern of betting can effectively exploit the house edge. Keno Queen states “My Overlap System will work with any number combination that you choose, as long as you overlap your card plays so that you have numbers in common on cards….In my experience, Keno numbers have a tendency to hit in rows and columns, which is why I developed my system for playing the two columns on the far right of the board.”

The problem with this sub-par logic and self fulfilling observation is two-fold:

  1. Random Number Generator that choses the keno numbers has no pattern, so, because you cannot have a sure expectation of product, any system will eventually fail.
  2. The self-filling gambling prophecy – what you think you observe is influenced by what you are looking for.  You may be noticing that #1 “always” is picked on a particular machine, but without keeping track of all the numbers every time, you miss other numbers that just happen to be called.

th (4)Please, fellow gamblers, DO NOT BE FOOLED!  There is no such thing as a SURE BETTING SYSTEM.  Practice perfect strategy, manage your bankroll, and be aware of the mathematical influence of the game, especially if it involves a RNG. Unfortunately though, it won’t make up for all the losses in the long run, which is true for all betting systems you’ll find out there.  But if you want to try a system, feel free to do so. Just remember that it won’t change the house advantage. You’re chance of winning doesn’t improve, but it doesn’t decline either.

I will end with one more quote from the Wizard of Odds – “In the many years that (I have) run this site I have received thousands of e-mails from believers in betting systems. Their faith surpasses religious levels. However, in all things, the more ridiculous a belief is the more tenaciously it tends to be held. Gamblers have been looking for a betting system that works for hundreds of years, and yet the casinos are still standing.

That’s all for now.

Binbin