No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Top US business newspaper re-examines Bwin's Harvard study stats to show how to stay ahead.
Bwin's historic collaboration with a Harvard Medical School study on addictive gambling some years ago surfaced again over the weekend in a lengthy Wall Street Journal article focused on the odds of players winning at casinos.
The Journal used the detailed player behaviour stats of 4,222 Internet gamblers which are in the public domain after being supplied to the Harvard researchers, concluding that the best way for gamblers to win at games of chance is to get lucky and then stop gambling.
Although the online Bwin gambler profile differed in some ways from those typically found in a U.S. casino, their win and loss patterns should be roughly similar because the games are similar, Robert Hannum, a University of Denver specialist in gambling mathematics, told the Journal.
To make sure, the Journal asked Puneet Manchanda of the University of Michigan and Hee Mok Park of the University of Connecticut to analyse a private gambling database to which they have access, detailing two years of play by 18,000 holders of loyalty cards at a Native American casino in the northwestern U.S.
The two academics found similar patterns: Only 13.5 percent of gamblers ended up winning, versus 11 percent among Bwin customers, and the ratios of big losers to big winners were similarly large.
They also found that 9.3 percent of the gamblers at the Native American casino produced 80 percent of the group's revenue.
The article notes some casinos get 90 percent of their revenue from 10 percent of their players, and that casinos generally "...gather vast quantities of data about their customers for marketing purposes, including win and loss tallies for many regulars, [but] keep such information a closely-guarded secret."
The piece goes on to quote the Bwin online gambling stats to show that gamblers won money on 30 percent of the days they wagered, but continuing to gamble is a bad bet as just 11 percent of players ended up in the black over an extended period, and most of those pocketed less than $150.
The top ten percent of gamblers - categorised as those with the biggest wagering spend over the two years of the Bwin study - fared poorly. 95 percent ended up losing money, some dropping tens of thousands of dollars.
And the big losers of more than $5,000 among these heavy gamblers outnumbered big winners by 128 to 1.
The Bwin stats come from the anonymous records of 4,222 Internet gamblers who wagered on at least four days on casino-style games of chance such as blackjack, roulette and slots. They played between 2005 and 2007 on websites run by the European gambling group.
Bwin told the WSJ that there's no reason to believe a more current sample of customers would show significant differences.
Of the 4,222 casino customers detailed in the Bwin stats, just 2.8 percent - or 119 big losers - provided half of the casino's take, and 10.7 percent provided 80 percent of the take, the WSJ article claims, commenting that this may be an indication of how revenue is concentrated in land casinos.
Approached by the Journal, US casino marketing specialist Andrew Klebanow said the Bwin results are in line with his own estimates, based on confidential casino data that many U.S. casinos get about 90 percent of their revenue from 10 percent of customers.
Jim Kilby, a former professor and author of casino management books, said that most gamblers are aware that the house has an edge, but do not understand the math of the multiplier effect.
"Casino games are nibbling machines, and the more nibbles you have, the bigger your losses," he explained.
Illustrating the effect, the Journal quotes Bwin stats showing that the lightest gamblers - the 10 percent of customers who placed the fewest wagers over the two years of the Harvard study - also had the highest winning percentage.
About 17 percent of them ended up in the black - significantly better than the 5.4 percent winning percentage of the heaviest gamblers.
Among the whole group covered by the Bwin 4,222-player stats, just seven won more than $5,000 over the two years, while 217 lost more than $5,000...a 31-1 ratio of big losers to big winners.
The Wall Street Journal piece acknowledges that poker produces different results, mainly because it is at least partly a game of skill.
In stats from a distinct poker database, about one-third of poker players classified as "most involved" by the Harvard researchers ended up winning money over time, while just 10 percent of the rest ended up in the black.
Joachim Haeusler, Bwin's responsible gaming manager, told the Journal that his company provides entertainment and people shouldn't gamble "based on the idea to get rich, because they won't."
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.