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Wednesday, June 22, 2005
Featuring Dalton Wagner, Founder V.O. Group, S.A.
The number of Price Per Head providers has grown exponentially over the last twelve months with entrants to the marketplace almost daily. With so many choices, the big question is: “How do I know which Price Per Head provider or sports book to choose?”
When evaluating an offshore operation, it is often difficult to sort through the facts, for this reason, you must rely on the following to make a sound choice:
Years In Business: Make sure you choose a Price Per Head operator that has been in business for at least 6 years. A proven track record is a must. You can not afford to risk your clients or your sports season to a fly by night operator or ‘wanna be’ operator. Avoid new sportsbooks. Avoid anyone with an unreasonably low price (<$25/head/week) who may be attempting to gain entry into the market (sign of a new company).
Dalton Wagner Commentary: I invented the concept of PPH in 1999. I have the largest economies of scale and I write more PPH clients than anyone offshore. And, this is in addition to my sportsbook business, my casino business, my racebook business and my poker business. The fact is I make very little money at $25/head/week. It scares me to see new operators entering the market with prices as low as $25. I can tell you that unless they are writing over 15,000 head, they can not make it. Let me re-phrase that…if they are quoting prices as low as $25/head/week there is no way that they have enough employees to service an agent, there is no way they have tri-dundant phone service, there is no way they have tri-dundant internet service – in short, there is no way they can service an agent’s business well enough to help the agent grow. Secondly, PPH companies will lie to you about their company’s age. You must be able to verify the companies age. This is a must. Use Internic, use OSGA.com, and use ThePrescription.com. You must verify the facts.
Location: Check to make sure that the PPH provider you will outsource your clients to is licensed and legally able to service clients world-wide.
Dalton Wagner Commentary: There are only two locations that we know of that allow the outsourcing of bookmaking. The two locations are Costa Rica and Panama. The UK and Dutch Antilles to NOT allow this activity in their licenses. The only one you can trust at the current time is Costa Rica (as evidenced by the recent blow up of www.BetPanAm.com in Panama).
Reputation/Integrity: One of the best ways to make sure that your clients and your business will be safe with a provider is by checking their reputation. Use verifiable and known sources of information like the Off Shore Gaming Association, The Prescription, Bettors World, etc.
Dalton Wagner Commentary: If your outsourcing your business to someone, you expect them to treat it as their own. The person accepting the outsourcing better have a reputation as strong as or stronger than yours. This is the only way you should trust your business to them. One additional note, if the PPH Company also has a post-up division, check the reputation of the post-up side of the company. This will tell you volumes about the company. Rather, if the PPH company is tied to a loser post-up sportsbook or one that has a negative reputation, you know what to expect for your clients.
Service and Offerings: Reputable PPH companies are open 24-hours a day, 7-days a week, 365-days a year. They offer quarter lines, half time lines, game lines, money lines, propositions, multiple casinos, horse betting, and more. You are outsourcing to better service your clients – therefore service is one of the key deciding factors on who to go with.
Dalton Wagner Commentary: Simply put, the more accessible the service is and the more wagering options that exist, the more money the agent will make. You should consider the service mentioned above to be the minimum acceptable. Rather, if they have one casino – you should NOT work with them. If they do not have horses – you should NOT work with them. If they are not open 24-hours a day – you should NOT work with them, PERIOD!
Security: A PPH company must have safeguards and must keep your information and clients secure and anonymous If the company you are considering is publicly held, then your security is compromised (it CAN BE accessed via the government). If the company you are considering has integrity issues, you can assume your data will be passed on to the wrong people.
Dalton Wagner Commentary: Security is the ultimate issue. Our company has had the opportunity to be purchased or taken public on multiple occasions. We decided not to do so because it would put our clients/agents/bookmakers in a compromised situation. Partner agents and bookmakers use our service because our integrity and the security of their data is complete.
Additional Information on a Price Per Head Agency Relationship (also known as outsourcing, outsourced bookmaking, sportsbook agent, sportsbook service, call center outsourcing, etc.):
The concept of Price Per Head Agency or Outsourcing Bookmaking to an Offshore Sports book has become popular recently. By using software written by offshore sports books, agents or illegal credit bookmakers have the ability to outsource the writing of their business to companies like www.BettorsNet.com (owned by V.O. Group, S.A. one of the largest and most respected offshore operators in the world – contact is 1-877-512-1001). Therefore, the agent or bookmaker simply points their clients to a phone number and/or website and allows them to bet with a simple Pin/Password system. The agent or bookmaker then pulls reports at the end of the week, and pays or collects what the client won or lost. The only money that trades hands between the agent or bookmaker and the service provider is a simple Price Per Head service fee.
Obvious benefits of the Price Per Head Agency relationship are (i) improved earning potential for the agent, (ii) decreased legal exposure for the agent, (iii) increased customer service for the agent’s clients, and (iv) ability for the agent to do something other than answer wagering calls (they actually get time to enjoy the money they are earning).
Dalton Wagner’s commentary is found throughout the above. Mr. Wagner has the reputation of being the most innovative operator in offshore gaming and the largest Price Per Head operator offshore. His most recent innovation has allowed small sportsbooks to outsource their complete operation to V.O. Group, S.A. while focusing completely on marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).
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Featuring Dalton Wagner, Founder V.O. Group, S.A.
The concept of Price Per Head Agency or Outsourcing Bookmaking to an Offshore Sports book has become popular recently. By using software written by offshore sports books, agents or illegal credit bookmakers have the ability to outsource the writing of their business to companies like www.BettorsNet.com. Therefore, the agent or bookmaker simply points their clients to a phone number and/or website and allows them to bet with a simple Pin/Password system. The agent or bookmaker then pulls reports at the end of the week, and pays or collects what the client won or lost. The only money that trades hands between the agent or bookmaker and the service provider is a simple Price Per Head service fee.
This new system is a departure from the way it used to work in which the agent would split the winnings or losings with the offshore sportsbook.
Obvious benefits of the Price Per Head Agency relationship are (i) improved earning potential for the agent, (ii) decreased legal exposure for the agent, (iii) increased customer service for the agent’s clients, and (iv) ability for the agent to do something other than answer wagering calls (they actually get time to enjoy the money they are earning).
There has been much debate over which of the two methods is better for the partner agent or bookmaker. In an effort to get to the bottom of this, we attempted to contact the dominant player in each of the models:
Revenue Split Model: The owners of www.BetCris.com (Costa Rica International Sportsbook is a well known offshore credit bookmaker who operates only on a revenue split model) were contacted but refused to return our call or comment;
Price Per Head Agency Model: Dalton Wagner, proprietor of V.O. Group, S.A. and BettorsNet.com (one of the largest offshore gambling operators who only operates on a Price Per Head basis when dealing with credit agents) was contacted and agreed to be interviewed.
Unfortunately, since only one of the persons contacted agreed to participate, our interview will show mostly his view. However, we did our best to probe the positives and negatives of each model.
Post-Up Newsletter: The Price Per Head model appears to be the most appropriate model for an agent or bookmaker to maximize his revenue. Why then are companies like www.BetCris.com so against them?
D. Wagner: The answer is simple dollars and cents. If you have a client that loses $10,000 in a week and you have a Price Per Head Agency relationship with www.BettorsNet.com, you will simply need to pay your service fee of $25-$30 for that client using our service. However, if you are using a revenue split relationship, you will have to fork over $5,000. So, in the example you provided, companies like the one you mentioned are in danger of losing $4,970 in revenue if their agents find out about PPH.
Post-Up Newsletter: Yes, I understand the math, but when speaking to companies like www.BetCris.com they act as if the PPH industry is putting the offshore industry in danger. They speak of people like you as if you had the plague. Why?
D. Wagner: I know the gentleman that owns Bet Cris. I know the guys who run Bet Cris. They are the best in the world at what they do. There is no way I would dispute that and no way anyone would dispute that. But, BetCris.com can not exist by taking all of their revenue split relationships and having them converted to PPH. So, if I had to guess, they act that way because I am endangering their way of life. I have actually had conversations with the owner of BetCris.com and he firmly feels that he provides his agents a better opportunity to earn more, therefore he feels his much higher price is warranted. I don’t know if I agree, but I think it best for my reputation to speak for itself. The fact is that I have NEVER had an agent or bookmaker come to me who switched to PPH from revenue split EVER GO BACK. 100% of the people who have tried my service are still with me from day 1. That shows me that agents do not agree with BetCris.com. They think the service is comparable and they think the earning potential is greater with www.BettorsNet.com.
Post-Up Newsletter: I am lost. Why does the owner of BetCris.com feel he provides his agents a better opportunity to earn more? The math seems obvious.
D. Wagner: Actually, I agree with him in one way and one way only. If an agent is weak and is booking ‘over his head’ (an industry term that implies the bookmaker or agent is taking more risk than they can afford in the long term), then a partnership with www.BetCris.com can be a positive thing. Not only do you share 50% of your revenue with them on a revenue split relationship, but you also share 50% of the risk. So, if you are an agent that has a bettor that wants to bet $5,000 a game, and you can only afford to book $2,500, then a partnership with Bet Cris is a good thing and will allow you to stay in business longer. You should never ever book over your head.
Post-Up Newsletter: Oh, I see. So that is an example of an agent you would tell to use a revenue split model, right?
D. Wagner: Yes. And, No. Yes, if the agent plans on booking over his head for the long term. No, if he can cut his client down to an acceptable level and keep all the profit for himself. Then, when the agent or partner bookmaker has a large enough bank roll, he can open the client up to the larger wagers. I still believe, and I believe the math proves that PPH is always bettor for the agent.
Post-Up Newsletter: Are there any other Price Per Head agency companies that you would recommend?
D. Wagner: Absolutely NOT. Please print that in big bold letters. It is difficult for any company in our industry to survive. The overhead is huge. Most Price Per Head companies have come to Costa Rica or Panama or Antigua to try and compete with just Price Per Head revenue. Trust me, I have been doing this for 7 years, and PPH does NOT generate enough for survival. You have to build a relationship with a company that has a huge staff, technical know-how, tri-dundant phones, tri-dundant internet service, millions of dollars in investment in hardware and software – and, we are the only ones that have it at the current time. Why? Because we have been operating major post-up brands for years. We are one of the most successful operators offshore and we are able to write PPH as a sideline business. We could NEVER survive on PPH alone. And, anyone who says they can, is lying to you. The guys who say they can write business at $17or $20/head are on their way out – they just don’t know it yet.
Post-Up Newsletter: So how does a bookmaker or agent learn more about this?
D. Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
Additional Information on the Companies Mentioned Above:
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has survived multiple buyout attempts and maintains one of the largest privately held offshore gaming companies in the industry. While the rest of the industry is going public and being required to provide more and more information in a public format, Mr. Wagner’s privately held company is a favorite associate and partner for bookmakers and agents onshore. Privacy is one thing you never have to worry about when dealing with Dalton and V.O. Group, S.A. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 most admired offshore companies (as measured by Online Gambling Magazine; Post-Up Newsletter; Offshore Operator Industry Magazine; and Many other Publications). If you are looking for a Price Per Head Agency relationship, there is no place better online or offshore.
BetCris.com is considered the undisputed leader in offshore credit bookmaking. The owner of the company has been called the Godfather of the Offshore Bookmaking Industry in many publications. It is estimated that 90% of Costa Rica International Sportsbooks revenue is generated via revenue splits with Partner Agents and Bookmakers. If you are looking for a Revenue Split relationship, there is no place better online or offshore.
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Monday, June 20, 2005
Case Study demonstrating one agents success via Use of Price Per Head (PPH) Software Written and Owned by V.O. Group, S.A., the most successful offshore sportsbook in Costa Rica.
Price Per Head vs. One Agents Old Operation
Featuring Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of being the most innovative operator in offshore gaming. His most recent innovation involves the direct attack upon the Onshore Bookmaking market via the unique value proposition of actually partnering with Bookmakers and Agents onshore (as opposed to attempting to steal their business). With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).
Sports Betting Business: The ‘buzz’ in offshore gambling appears to be focusing on only two subjects as of late, including: Poker and Your Price Per Head Offering. What exactly is Price Per Head and Price Per Head Agency?
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years (local guy = agent or corner bookie). The reason this market exists is the personal relationship that an onshore bookie or agent has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however V.O. Group, S.A. has decided to take another tact. Via our Price Per Head software written by Matthew Wilson, we have been able to PARTNER with onshore bookies or agents with our Price Per Head Agency Relationship.
Sports Betting Business: You called us with a specific Success Story that you said Had To Be Told Immediately! What in the heck could be so important?
Wagner: As the industry knows, we have been pushing Price Per Head Agency for a while now. We have a story that has to be told…it is that simple!
Sports Betting Business: OK. Go ahead and tell the story!
Wagner: The story starts with a gentleman named Paul Harris in Austin, Texas who is was a small town bookmaker making $250,000 a year in income.
Sports Betting Business: I already see where this is going. Now you are going to tell me of how V.O. Group, S.A. leveraged your PPH software and relationship with Paul to make him 30% or 50% more. Right?
Wagner: No, that is not the story at all. While 50% would truly be something to celebrate, it does not compare to this story!
Sports Betting Business: Stop already. Tell the story.
Wagner: Mr. Harris contacted V.O. Group, S.A. through our BettorsNet.com brand in August 2004, right before football season. After three phone calls we switched his 75 players from playing through his cell phone to playing via our website and call center. And, with the increased availability to the product, more offerings, and all the other items BettorsNet.com brings, guess how much Paul made?
Sports Betting Business: Well, since you did not bite on 50% more, I will say 100% more. But I doubt it!
Wagner: Yea, I doubt it too. How about 350% more. That’s right! I just ran the reports for Paul Harris and up to February 1, 2005, Paul has made $750,000.00.
Sports Betting Business: Wait, $750,000 is a hell of a lot more than 350% more. Isn’t it?
Wagner: Actually, if you take into consideration the decline we will see after the end of March Madness, he should easily make $1,200,000 this year. But, I didn’t want to overstate the facts!
Sports Betting Business: Are you telling me that by having you take the phone calls and do the accounting for Mr. Harris you made this difference in his life?
Wagner: That is exactly what I am saying!
Sports Betting Business: Was he that bad of a bookmaker?
Wagner: Well, I think we are better – but, he was fine. The increase doesn’t come from us beating his players more than he did. The increase comes from the product being available 24 hours a day and our company having more offerings. And, the secret ingredient helps too!
Sports Betting Business: Oh, I see. Instead of having his cell on for a few hours a day, you put the product in front of his clients all day and night for the buying. I see. But, what is the ‘secret ingredient’?
Wagner: The availability will make a person 100% more over night. But, the secret ingredient made the difference for Mr. Harris. And, the secret ingredient is TIME.
Sports Betting Business: OK, I am lost again. What does that mean?
Wagner: Paul Harris used to set lines, answer phone calls, watch games, grade wagers and keep figures. He did it so well, and so often he already lost his girlfriend. He simply spent all of his time operating as a bookie. When we took over, he became a RECRUITER. All Paul does now is sit in bars and recruit business. We write the business, and Paul grows his business daily. That is the secret ingredient.
Sports Betting Business: Ah, I see. He no longer spends time on the items that cost time and money…he spends his time on what makes him money – recruiting players!
Wagner: Christ! Your brilliant! It typically takes a bookmaker or agent about 3 months to figure that out. But, you, like Paul Harris already figured it out. You recruit, and I will beat them. Therefore the only thing that matters is getting more clients. The more you get, the more you will make.
Sports Betting Business: Of course I get it. That’s the Las Vegas model. Build in an edge and then find as many people to bet against the edge as possible. It’s simple!
Wagner: You sure make it sound simple. But, most bookies are stuck in the mode of trying to ‘beat the players’. The fact is that all you have to do is get a new client or two every day and you will be a millionaire over night. Simply ask Paul Harris who is on campus at University Of Texas recruiting players on 6th Street right now.
Sports Betting Business: So how does a bookmaker or agent learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
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Friday, June 17, 2005
Case Study in Agent Success via Use of Price Per Head (PPH) Software Written and Owned by V.O. Group, S.A., the most successful offshore sportsbook in Costa Rica.
Price Per Head vs. Dollywood Sportsbook
Featuring Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of being the most innovative operator in offshore gaming. His most recent innovation involves the direct attack upon the Onshore Bookmaking market via the unique value proposition of actually partnering with Bookmakers and Agents onshore (as opposed to attempting to steal their business). With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).
Online Gambling: The ‘buzz’ in offshore gambling appears to be focusing on only two subjects as of late, including: Poker and Your Price Per Head Offering. What exactly is Price Per Head and Price Per Head Agency?
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years (local guy = agent or corner bookie). The reason this market exists is the personal relationship that an onshore bookie or agent has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however V.O. Group, S.A. has decided to take another tact. Via our Price Per Head software written by Matthew Wilson, we have been able to PARTNER with onshore bookies or agents with our Price Per Head Agency Relationship.
Online Gambling: OK. Be more specific. How does a Price Per Head Agency Relationship Work?
Wagner: Price Per Head Agency is based on the very fair and equitable agreement between an onshore bookie and an offshore bookmaker. The deal is based on the onshore bookie recruiting players and the offshore bookmaker setting lines, writing the business and handling all accounting for the onshore bookie. And, all the onshore bookie does is simply pay the offshore bookmaker an agreed upon price per head per week.
Online Gambling: So, opposed to paying the offshore bookmaker a percentage, they simply compensate them a fixed price.
Wagner: Absolutely. The fact is that offshore sportsbooks have been gouging the onshore bookie or agent for years. Our offering stops that action in it’s tracks.
Online Gambling: Gouging! That is a pretty strong comment. Can you back that up?
Wagner: Let me give you an example…and, you judge for yourself. The example of Jeff W. in San Jose, California comes to mind. Jeff contacted V.O. Group, S.A. in early October 2004 when he was writing 72 head of business making an average of 12 wagers a week of $152. Rather, his turnover per client was an average of $1,824.00 a week. Via his agreement with a sportsbook we will call Dollywood, he was splitting his earnings 50/50. Once he shifted the business through BettorsNet.com, he was paying $30 a head a week. So, would you call this gouging?
Online Gambling: Actually, the numbers sound good. But, I have to admit, I am not sure. Can you help me understand better?
Wagner: That is very good answer. Let me simply do the math for you to illustrate the facts, and then you will have a much clearer set of information to deal with. If your average player bets $1,824.00 a week on just straight bets, you should have a minimum hold of 4.5% (parlays, teasers and props have a MUCH HIGHER HOLD). So, that means you should make $82.08/person ($1,824.00 x 0.045). Then, multiply this by the number of head equals a theoretical earn of $5,909.76 ($82.08 x 72). So, this means he would make $2,954.88 per week and Dollywood would make $2,954.88 per week.
Online Gambling: Well, $2,954.88 per week sounds pretty strong if you ask me How does this compare to his using BettorsNet.com?
Wagner: When Jeff started using BettorsNet.com, we simply charge him $30 a head a week. Rather, $30 times $72 is $2,160.00, representing a savings of $794.88 a week, or $41,333.76 a year.
Online Gambling: So, by Jeff W. switching to V.O. Group, S.A. or BettorsNet.com he was able to make an extra $41,333.76 a year?
Wagner: No. Actually, he made $25,000 in the first three months because most of his players are far worse than the theoretical averages. Almost every one of his players bet a proposition or a teaser or a parlay at least once a week. And, holds on those bets are far greater than 4.5%. On top of that, his players also play in our racebook and casino losing much, much more than 4.5%.
Online Gambling: Oh, I see. If he would have used Dollywood, he would have simply split more profit with them. But, via BettorsNet.com, he was able to keep 100% of the extra earn because he had already compensated you for the $30/head.
Wagner: That is exactly correct. Jeff W. came down in January 2005 and I took him sail fishing. It is the first time I ever had a client pay my bill. Why? Because, and realize I am quoting here, Jeff states that I will make him an extra $100,000 this year alone.
Online Gambling: Wow! That is incredible. I bet large credit sportsbooks, like Dollywood, are quickly becoming unfavorable of your new product.
Wagner: Yes. They hate our new software offering! But, that is what you get when you take advantage of your clients or partners as they have. And, as far as I am concerned, credit shops with Agent Split Agreements have simply NOT been treating their partners fairly and now they will pay the bill.
Online Gambling: I must say, I agree that if your numbers are even close to correct, it appears that the credit shops that split the earn ARE GOUGING AGENTS AND ONSHORE BOOKMAKERS.
Wagner: Well, the facts speak for themselves. And, I am glad you see the facts for what they are.
Online Gambling: Is there ever a case where an onshore bookie or agent should opt for a split as opposed to a Price Per Head Agency agreement?
Wagner: Absolutely Yes. If you are starting up a new book, or if you need financial backing because you are not strong enough to support a losing week - then, you should opt for a split. The best way to judge this is simply look over your figures for the last year. Could you afford to pay out the worst week you had without going broke? If you answer yes – then, you should opt for PPH. If you could NOT afford to pay it, then you should opt for a split or not be in business at all.
Online Gambling: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
Article Note: Any assumption that “Dollywood” is related to “Hollywood Sportsbook” or “BetHollywood.com” or “BetAtHollywood” or “Hollywood International” is the assumption of the reader and not the responsibility of Gambling Online Magazine.
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Tuesday, June 14, 2005
Q & A with
Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.
Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.
Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?
Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.
Vegas Offshore: I’m confused, please explain.
Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.
Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?
Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.
Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.
Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.
Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.
Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?
Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.
Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.
Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.
Vegas Offshore: Do you have any success stories to tell?
Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.
Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?
Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.
Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.
Vegas Offshore: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
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Q & A with
Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of making one-dollar work like three in online marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998 and has quickly risen to be one of the largest offshore operators in the world with over 50,000 active clients. We had an opportunity to catch up with Dalton Wagner on his last visit to Antigua.
Vegas Offshore: This year has been interesting for V.O. Group, S.A. and the offshore industry as a whole (advertising changes, etc.). How do you feel about the industry at the current time?
Wagner: I feel the industry is as strong as it has ever been. We are still finding that our advertising is bringing us new clients at an ever-growing rate. Some competitors are complaining that the crimp on advertising is affecting the industry, but we are not seeing this trend. Consolidation within the industry has begun, and I am sure you will continue to see smaller competitors gobbled up, and medium to larger companies merging. The weaker will go by the wayside.
Vegas Offshore: What about the rumors of V.O. Group, S.A. being bought?
Wagner: I am glad you used the term 'rumors'. The fact is that in July 2004 three suitors approached V.O. Group, S.A. because of our record-breaking profit year. In two of the cases we did see 'value' in a merger/relationship. However, at the end of the day, we could not come to terms that were agreeable on both sides. At this time V.O. Group, S.A. stands independent. And, we are happy being independent, profitable and growing.
Vegas Offshore: It is rumored that Bet On Sports (PLC; BSS.L) was one of the suitors. Is that true?
Wagner: There were three suitors that approached V.O. Group, S.A. And, in all cases confidentiality agreements were signed. For this reason, I cannot confirm or deny who any of the potential suitors were. What I can tell you is that one was a major sportsbook player, one was a major casino player and two were PLCs. I doubt that helps.
Vegas Offshore: Well, if Bet On Sports was involved, I bet you are happy you weren't involved in their November 24, 2004 stock debacle.
Wagner: The Bet On Sports stock debacle was an over-reaction by the market in my opinion. In one day you saw their stock drop 50% in value. And, the reason was poor performance in a very short period. If you looked at the other publicly held offshore gaming companies, you saw the same thing, just not as drastic as with BSS.L. Simply put, I know the founder of Bet On Sports, I know the management of Bet On Sports, I know the staff at Bet On Sports and I would not hesitate to invest in Bet On Sports. They were, and still are, undervalued in my opinion. They are a great competitor and a great company. I wish I had some of their stock at the new adjusted price. I just don't see how you can lose.
Vegas Offshore: It is rare to hear the 'competition' speaking so highly of a major competitor. Why would you do so?
Wagner: Simple. Bet On Sports is a great company. And, I am sure they would tell you the same about V.O. Group, S.A. The fact is, that there are companies out there that make our industry stronger. And, ones that make it weaker. Bet On Sports and V.O.Group, S.A. strive to make our industry stronger and more legitimate on a daily basis (as do BetCris.com; BoDog.com; etc.). What kind of ambassador for the industry would I be if I downplayed a 'good' competitor like Bet On Sports for my own benefit?
Vegas Offshore: If Bet On Sports did approach you, would you consider a merger?
Wagner: I like being independent. But, simply put, NEVER say NEVER.
Vegas Offshore: What of the rumors that you are looking at Panama as a potential relocation site?
Wagner: Our operation currently has offices in Costa Rica, Antigua and Belize. In Costa Rica we currently have over 400 employees. With employment costs in Costa Rica on the rise, the burden of Caja and the ever-changing political climate, we have looked at several alternative locations. One of the most desirable is/was Panama. However, due to the massive failure of BetPanAm.com and the political debacle involving their past gaming commission, we have decided to stay put for the current time. I think it is very safe to say that our primary location will be Costa Rica for the next 5 years. Pending any crazy licensing or governmental changes.
Vegas Offshore: I have visited your office in Antigua, however had no idea that you employed 400 individuals in Costa Rica. Why do you need such a large staff?
Wagner: Our industry has a reputation for being lazy and getting by on a shoestring budget. Most sportsbooks, casinos, racebooks and poker rooms answer phones when it is convenient and buy computers when the ones they are operating blow-up. Most are simply embarrassing to the legitimate operators. To run an operation like ours, servicing 50,000 bettors, you need lots of space, a 1st rate phone system, fiber and satellite phone and Internet backups, IT professionals, accounting professionals, etc. V.O. Group, S.A. is currently located in 35,000 square feet of space, operating 24-hours a day, 365 days a year, and we are busting at the seems. At the current time, we are negotiating to buy the building next to us for future expansion. I think we will employ 600 people come this same time next year.
Vegas Offshore: I have noticed that you are still branching into other products. How has this strategy worked for V.O. Group, S.A.?
Wagner: In 1998 we started with our sports product. We then branched into the casino product. In 2001 and 2002 we opened several major race books and poker rooms. The fact is that we are profitable in all products. However, our core product, and hub for our advertising, is focused on the sports product. The strategy has worked, but we will not desert our core product. You can look for our re-launch of interactive betting in early 2005 and bingo in mid 2005.
Vegas Offshore: What other changes do you see in 2005 for V.O. Group, S.A.
Wagner: I think you will see V.O. Group, S.A. work more on our Internet interface to make it more gamer-friendly; you will see our company move into land-based gaming; and you will see us acquire two or three smaller competitors. Rather, you will see what you have always seen, expansion.
Vegas Offshore: What other changes do you see in 2005 for the industry as a whole?
Wagner: The strong will get stronger. The weak will get weaker. And, the acquisition race will be on.
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Monday, March 14, 2005
Read Below To Earn More Cash Than Ever
Are you a onshore bookmaker that wants to Minimize Legal Exposure, Increase Potential Profits, Spend More Time Enjoying the Money You Are Making, and Grow Your Business Beyond Your Wildest Dreams? If you answered ‘YES’ to one or all of these questions, then you need to look at a Price Per Head Agent Relationship with our company.
The concept of a Price Per Head Agent Relationship is based on you, the onshore bookmaker, paying our company a service fee to offer the same services that we offer to thousands of clients (on an anonymous basis).
For the first time, you will be able to offer Internet and Phone access to Sports, Horse and Casino (2 casinos) wagering to all your current clients (via a simple PIN and PASSWORD betting system). No longer do you have to compete with offshore sportsbooks and lose clients. YOU WILL BE ABLE TO OFFER EVERYTHING THAT THEY OFFER!
We are Licensed to offer bookmaking services.
We have been in business for 7 years.
We write business for 15,000 clients daily.
We are open 24-hours a day, 7-days a week, 365 days a year.
We have over 500 operators standing by to make you money!
Take advantage of our $5,000,000 USD investment to make your services better than ever. No longer will you have to answer calls all Saturday and Sunday. No longer will you have to lose clients to the offshore bookmakers. No longer will you have to worry about having your door kicked in by the authorities. Now you can compete with the Big Boys! You will simply sit back, watch the games, and earn more than ever before.
To learn more, go to our website, and click on ‘Agents’. If you prefer to use a white-labeled site without bonus and promotional text, visit www.BettorsNet.com for more information.
We look forward to being your service provider.
Call 1-888-333-6914 for more information.
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Q & A with Dalton Wagner, Founder V.O. Group, S.A.
As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.
Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.
Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?
Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.
Vegas Offshore: I’m confused, please explain.
Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.
Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?
Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.
Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.
Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.
Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.
Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?
Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.
Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.
Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.
Vegas Offshore: Do you have any success stories to tell?
Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.
Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?
Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.
Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.
Vegas Offshore: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.
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Object Of The Game
The player's objective is to correctly guess and place wagers on which number
on the wheel the ball will end up on. The player places bets on the Roulette
table and if lucky collects a payoff the size of which is determined by how
he/she bets. The odds range from 35 to 1 down to even money, depending on the
likelihood of picking the correct number.
Playing The Game
Roulette is played at a table that seats from one to six or seven players. There
is the wheel and beside it the betting area known as the layout. The players
make their wagers, the croupier spins the wheel to obtain the winning number
and the players wait to see if they have won or lost.
This is one game where the player has absolutely nothing to do with picking
the winning number. The spinning of the wheel and the releasing of the ball
are all handled by the croupier, the player only has to decide on where to place
the wager(s). The challenge in roulette is to bet in such a way as to win.
Betting
There are several ways to bet in roulette, and as usual the harder it is to
obtain the bet made the larger is the payoff.
When you play roulette you have to purchase special roulette chips, these chips
are only used at the roulette table and must be cashed in for regular chips
before leaving the table. The chips are a unique color for each player, this
designates who owns the chip when it is time to pay off bets. Special chips
are used in roulette because when using the betting area chips are placed in
many locations on the layout and this keeps everyone from getting confused as
to who has bet what. To discourage cheating by players who might be tempted
to move their chips from a losing position to one that payoff players are to
keep their hands away from the table until all winning bets have been paid off.
In roulette you have numerous betting options, the different bets are indicated
by the placement of the chips on the table. They are usually grouped into two
major categories:
Inside bets - made on numbers directly inside the layout
Outside bets - are made on the betting area on the roulette table bordering
the number layout. Different tables have slightly different layouts for outside
betting, you just find the location for the bet you want to make and place your
chip there.
Inside Bets:
The number layout is the part of the table containing squares with the numbers
in them. The squares are laid out 12 rows by 3 columns with the 0 and 00 numbers
at one end.
0
00
1 4 7 10 13 16 19 22 25 28 31 34
2 5 8 11 14 17 20 23 26 29 32 35
3 6 9 12 15 18 21 24 27 30 33 36
The inside bets are:
Single Number (Straight Bet, Double Zero or Zero)
Betting on a singe number, indicated by placing the chip in the center of the
square containing the number you wish to bet on. Pays 35 to 1.
Split Bet
Betting on two numbers, indicated by placing the chip on the line separating
the two numbers you wish to bet on. Pays 17 to 1.
Corner Bet (Square or Quarter Bet)
Betting on a block of four numbers, indicated by placing the chip on the intersection
of the horizontal and vertical lines at the center of the block you wish to
bet on. Pays 8 to 1.
Street Bet
Betting on a row of three numbers, indicated by placing the chip on the line
at the edge of the number layout on the row you wish to bet on. Pays 11 to 1.
Special Line Bet
There is only one of these made by betting on five adjoining numbers (00,0,1,2
and 3), indicated by placing the chip on the line at the edge of the number
layout straddling the zero rows and the first row. Pays 6 to 1.
Line Bet
Betting on six adjoining numbers, indicated by placing the chip on the line
at the edge of the number layout straddling the two rows you wish to bet on.
Pays 5 to 1.
The outside bets are:
Dozens
There are only three ways to make this bet on the 1st 12 numbers, the 2nd 12
numbers or the 3rd set of 12 numbers. You indicate this bet by placing the chip
on the location outside the number layout. Pays 2 to 1.
Odd or Even
There are only two ways to make this bet, on all the odd numbers or on all the
even numbers. You indicate this bet by placing the chip on the location outside
the number layout. Pays even money.
Red or Black
There are only two ways to make this bet, on all the red numbers or on all the
black numbers. You indicate this bet by placing the chip on the location outside
the number layout. Pays even money.
Column Bets
There are only three ways to make this bet on the 1st column, the 2nd column
or the 3rd column of numbers. You indicate this bet by placing the chip on the
location outside the number layout. Pays 2 to 1.
1 -18
There is only one way to make this bet, on the first half of the numbers on
the wheel (excluding 00 and 0). You indicate this bet by placing the chip on
the location outside the number layout. Pays even money.
19 - 36
There is only one way to make this bet, on the second half of the numbers on
the wheel. You indicate this bet by placing the chip on the location outside
the number layout. Pays even money.live strip casino dealers
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Monday, January 24, 2005
Craps Glossary
live strip casino dealers
ACESBetting on the total sum of 2 for the next roll.
ANY CRAPSBetting on 2, 3, or 12 for the next roll.
THREE-WAY CRAPSBetting in three units, one unit on each of the following numbers: 2, 3, 12.
ANY SEVENBetting on 7 for the next roll.
BETTING RIGHTBetting on Pass Line and Come bets. The throw must pass in order to win.
BETTING WRONGBetting on Don't Pass Line and Don't Come bets. The throw must not pass in order to win.
BIG EIGHTBetting that an 8 will be rolled before a 7.
BIG SIXBetting that a 6 will be rolled before a 7.
BIG REDBetting on Any Seven.
BOXCARSBetting on the 12.
BUFFALOBetting on each of the Hardway and Any Seven.
BUY BETA bet in which the player gives the house a 5% commission in order to be paid correct odds for a place bet.
CAPPED DICERefers to non-standard or illegal dice
COLD TABLEFor the moment, players aren't winning at the table.
COME BETThis is the same as the Pass Line bet. However, the Come bet is made after the Come Out roll.
COME OUT ROLLThis is the first roll in a betting round. It determines the point for Pass and Don't Pass Line bets.
DON'T COMEWhen a player bets against the dice after the come out roll. Note that a 7 will surface before the point is rolled again.
DON'T PASSA bet against the dice prior to a Come Out roll.
DOUBLE ODDSDoubles the following: initial Pass Line, Don't Pass Line, Come, Don't Come bets.
EASY WAYRolling 4, 6, 8, 10 when each die is different from the rest.
FIELD BETBetting on 2, 3, 4, 9, 10, 11 or 12.
FREE ODDS BETA bet taken at true odds.
HARDWAYBetting on a 4, 6, 8 or 10 that will be thrown as pairs, i.e., 3-3, 4-4, before trhe dice are rolled easy or before a 7 comes out.
HOPE BETThis is a one roll bet on a given dice combination.
HOPING HARDWAYThis is a 2-2 hope bet.
HORN BETBetting the same amount on 2, 3, 11 and 12.
HORN HIGH BETA bet in which the wager is split into five separate parts. Two units on the high number 12, and three units for 2, 3 and 11.
INSURANCE BETJust what it sounds like… two or more wagers made to partly cover each other.
LAY BETBetting that a point number will not appear before a 7 is thrown.
LAY ODDSThese are additional odds that a player can use to bet against the dice.
LINE BETBeting on the Pass Line or Don't Pass Line.
LITTLE JOEGetting a Hard 4, meaning 2-2.
MARKER PUCKA plastic disk used by dealers to mark points on the table either "on" or "off".
MIDNIGHTPlacing a one roll bet on 12.
OFFImplies that on the next dice roll, certain bets will be safe.
ONE ROLL BETBets with outcomes determined by the following dice roll.
PARLEYTo increase a bet; typically doubling the bet.
PASS LINE BETA bet stating the dice will win or pass.
PAYOFFThe payback received by the player for a wager.
PLACE BETA bet stating a place number will be thrown before a 7 comes out.
PLACE NUMBERS4, 5, 6, 8, 9, 10.
POINT NUMBEROne of the following numbers: 4, 5, 6, 8, 9 and 10 determined on the come out roll.
PRESSING A BETDoubling a bet.
PROPOSITION BETSRefers to all one-roll bets as well as the Hardway bet.
RIGHT BETTORAny player who bets the dice will pass or win.
SEVEN OUTThe moment after a point has been established when a 7 is thrown out. The next player in line then becomes the shooter.
SHOOTERThe player currently rolling.
STICKMANA casino employee whose responsibilities include: Calling out dice rolls and returning the dice to the shooter Placing and paying the proposition bets.
VIGORISHThe charge taken on bets
WORKINGThe next dice roll will cause certain bets to be at risk.
WHIRL BETBetting the same amount on 2, 3, 7, 11 or 12.
WRONG BETTORAny player who bets the dice will not pass.
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3:38 PM
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BACCARAT RULES
While at first the rules may seem a bit confusing, the best thing to remember is that there really is no need to know them exactly. As a game of chance, all you really have to do is decide which hand you think will win, and bet accordingly. However, knowing the basic rules will certainly help you follow what is going on, making the game a lot more enjoyable.
You have the choice of betting on either the Bank, the Player or for a Tie. (Betting "tie" is not usually recommended, as the house advantage is too high). Except for the Tie bet, Baccarat has a very low house advantage - 1.36 % if you bet on Player and 1.17% for bets on Banker. 1. Two hands are dealt, one for the Player and one for the Banker - it is time to bet on one or the other. 2. If the hand you bet on wins, you receive a 1 to 1 (even money) payoff. You can also bet that the hands will tie, but as mentioned above, it is not recommended. You receive an 8 to 1 payoff, but ties occur less than once out of every ten hands, making the tie bet a rare (but rewarding) choice.
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11:10 AM
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Keno Tips
Live strip casino dealers, just because a number hasn't come up in a draw, doesn't mean that it's more likely to come up in the next. No particular number is more probable to come up than another; they're all in the same container and thus, have the same odds of being drawn.
There is no certain combination of numbers that is more likely to win. 1, 2, 3, 4, 5 is just as likely to come up as 6, 39, 24, 80, 44. The first combination is just as unique as the second even though the first seems to be more special because the numbers are in sequence.
Keep your numbers the same regardless of what they are until you hit large on them. You will always come out ahead at least once. Since the chances of catching a certain combination are the same as another, playing the same numbers increases the chance of catching them.
When playing online or video keno, get a feel of the game first. It's virtually impossible to simulate true randomness electronically. Because the computer uses different algorithms to imitate a random draw, playing your numbers in patterns instead of spreading them out all over can sometimes work to your advantage.
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7:17 AM
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Friday, January 21, 2005
Basic Poker Rules
Winning poker hands are determined by rank with live strip casino dealers. If two or more hands are in the same category, the best hand is determined by the rank of cards. For instance, two players might hold Four-of-a-kind, but four Jacks beats four sixes.
Rank of Cards (in descending order):ACE, KING, QUEEN, JACK, 10, 9, 8, 7, 6, 5, 4, 3, 2.
All suits are of equal rank in poker.
1. STRAIGHT FLUSH. Sometimes a ROYAL FLUSH (the best Straight Flush) is considered to be a separate category. A Straight Flush is five cards in consecutive order all of the same suit. A Royal Flush is A-K-Q-J-10 of the same suit. With any Straight, including a Straight Flush, the Ace can be used low. Therefore, 5-4-3-2-A of the same suit is a Straight Flush (but it's only 5-high and would lose to 6-5-4-3-2 of the same suit, even though the first hand contains an Ace.) The higher high cards determine the relative rating of Straight Flushes.
2. FOUR-OF-KIND. Such as 4-4-4-4-K. The relative rating, if two or more hands vie in this category, is determined by the strength of the four cards of the same rank, not by the odd card.
3. FULL HOUSE. Three-of-a-Kind with a pair. The relative ratings are determined by the rank of the Three-of-a-Kind, not the pair.
4. FLUSH. Five cards of the same suit. If there are two (or more) flushes tied, the higher card wins. If this is a tie, then the next card determines, and so on. Therefore, A-K-9-4-3 of Hearts beats A-K-8-7-6 of Spades.
5. STRAIGHT. 5 cards in consecutive order such as J-10-9-8-7. If there are 2 or more straights, the higher top card wins. If the striaght is tied all the way to the lowest card, then the hand is drawn.
6. THREE-OF-A-KIND. If more than one player holds Three-of-a-Kind, the rank of the three matched cards determines the winner.
7. TWO PAIR. The highest Pair determines the winner if two players (or more) have Two Pair. If both high Pairs are the same, then the better remaining pair determines the winner. For instance, 9-9-7-7-4 beats 9-9-6-6-A. If both Pairs tie, then the unpaired card determines the winner. Therefore, 8-8-4-4-7 beats 8-8-4-4-5.
8. ONE PAIR. If tied, the higher Pair wins. If both Pairs are the same, the highest remaining card wins down to the last card, if necessary. For instance, A-A-K-4-2 beats A-A-Q-J-10 and K-K-9-8-3 beats K-K-9-8-2.
9. NO PAIR. The winner is determined by rank of cards only. A-7-6-4-3 beats K-Q-J-10-7 and Q-8-7-6-5 beats Q-8-7-6-4.
There will occasionally be ties in poker. When this happens, the pot is divided evenly among the winners.
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Casino Betting Terms
live strip casino dealers
A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z
- A -
Action The amount of money wagered by a player during an entire playing session.
Anchor man The player betting on the last box on the blackjack table and making the final decision, therefore anchoring the game.
Ante Usually in poker, a term used for the first money wagered on a hand.
Any craps A one-roll dice bet covering the 2, 3, or 12.
Any seven A one-roll dice bet covering any 7.
Audition A casino test to determine if a dealer will be hired. Can be conducted on a live game.
- B -
Back line See Don. t Pass Line.
Bag An English casino term for thousand, e.g., 5 bag = 5 thousand.
Bankroll The amount of money a player has for one gaming session.
Bar the 12 Makes the 12 a push on the Don. t Pass Bar.
Base Area on the dice table where the majority of bets are made and paid.
Base dealer Dice dealer in charge of one of the bases.
Basic strategy The mathematically correct way to play blackjack.
Betting limits The minimum and maximum that can be wagered on one bet.
Betting right Betting on the Pass Line or with the shooter.
Betting wrong Betting on the Don. t Pass or against the shooter.
Blackjack A card game where players try to beat the dealer by getting closest to 21 without going over.
Blackjack A hand whose first two cards total 21.
Book To accept a bet.
Box Area of the dice table controlled by the boxman.
Boxman The casino employee in charge of the craps table. The boxman sits between the base dealers.
Break To exceed 21.
Burn card Any card placed in the discard rack without being entered into play.
Bust To go over 21.
- C -
Call bet A bet made verbally.
Card counting A system to keep track of the percentage of high cards to low cards. Used in blackjack to gain an advantage over the house.
Caribean stud A five-card poker game with all players playing against the house.
Change color Exchange one-color denomination casino chip for another. All denomination casino chips are different colors.
Chips Name given to the tokens used at the gaming tables.
Check Name given to the tokens used at the gaming tables.
Color UP/OUT Exchange smaller denomination chips for larger denomination chips.
Come bet A wager placed on the Come Line. Same as rules as the Pass Line, but placed after the point has been established.
Come line Area on the craps table where Come Bets are placed.
Come out roll The first roll of the dice or the first roll after a point has been made. This roll establishes the point.
Craps out Rolling a Crap (2, 3, or 12) on the come-out roll.
Craps Dice term for 2, 3, and 12.
Crew Dice/craps dealers assigned to the game.
Croupier Term mainly used when referring to roulette and sometimes baccarat dealers.
Cut To divide the deck into two parts.
Cut card A hard plastic card used to cut the deck.
- D -
Dealer A casino employee who deals the various games.
Discard rack Area of the table where the used cards are placed.
Don't come bet A bet placed on the Don. t Come Bar. Same rules as the Don't Pass Line, except placed after the come-out roll.
Don't pass bet A wager placed prior to the Come-Out Roll that a seven will be rolled before a point is repeated.
Don't pass line The area on the layout where Don. t Pass Bets are placed.
Double up To increase a wager after the first two cards are drawn.
- E -
Edge The casino. s advantage.
Even money When the player has a blackjack and the dealer has an ace showing, a payout offered before the hole card is checked. Pays 1-1 instead of 3-2.
Even-money A payoff of 1-1.
- F -
Face cards The king, queen, or jack of each suite.
First base The first seat nearest the shoe.
Float The table bank.
Floorman A casino employee who is part of the management team.
Front line See Pass Line.
- G -
George A good tipper.
- H -
Hit To take another card.
Hole card The dealer's face-down card.
Horn bet A one-roll bet that combines the 2, 3, 11, and 12.
- I -
Insurance A side bet that the dealer has a blackjack. It. s offered when the dealer's upcard is an ace. If the dealer has a blackjack, the bet is paid 2-1. If the dealer does not, the insurance bet loses.
- L -
Let it ride A poker game.
Lumpy A break-in dealer. Called this because their dealing is not smooth.
- M -
Monkey Chinese term used in casinos for a card valued at ten.
Money $50-$100-$500-$1000 etc...
- N -
Nickel $5 chips.
Non-negotiable A promotional chip which can't be exchanged for cash.
- O -
Odds The amount a bet pays out: 2-1, 7-5, 35-1.
Off Term meaning that bets are not working.
One-roll bets Wagers that will win or lose depending on the next roll of the dice.
- P -
Pallette The flat paddle used on the baccarat tables to scoop the cards.
Pass-line bet A wager made prior to the come-out roll that a point will repeat.
Pass line The area where a Pass-Line Bet is placed.
Player A casino patron.
Point Dice term for the number rolled on the come-out roll if a 4, 5, 6, 8, 9 or 10. The point has to be repeated before a seven rolls for the Pass Line bets to win.
Press Increasing a bet by double.
Proposition bet Dice bets on number combinations.
Punter A casino player.
Push When the dealer and the player have hands with the same total. No one wins or loses.
- Q -
Quarter $25 chips.
- R -
Right bettor A person betting on the Pass Line
- S -
Seven - out Rolling a seven after the point has been established.
Shill A person employed by the casino as a game starter.
Shoe Name given to the box in which the dealer places the freshly shuffled cards. Each hand is then dealt from the shoe.
Shooter The person rolling the dice.
Soft hand Any blackjack hand that contains an ace valued at eleven.
Stand To not take any more cards.
Stickman The dice dealer who calls the numbers rolled and controls the stick.
Stud poker Poker game with no draw.
Surrender To give up half the wager before the hand is complete.
- T -
Table test See Audition.
Tip A gratuity.
Toke See Tip.
Token The casino coins used to play slot machines.
- U -
Udcard The dealer’s exposed card.
- W -
Whale Name given to a high roller.
Working A dice term meaning that the bets are in play.
World bet A one-roll dice bet on the horn including the seven.
Wrong bettor A dice player who bets on the Don’t Pass Line.
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