10 Fascinating Facts About Online Casinos And Gambling
Online casinos and gambling as a whole have been a major source of interesting myths and stories. Most of these stories come from territories where online gambling is not licensed or regulated. As of now, the number of gambling sites is increasing every day. For instance, over a thousand online casinos are operating in the united states. As many states work towards passing legislation legalizing online gambling, it is highly likely that the number of online casinos will continue increasing with most of them offering exclusive bonuses to lure new players into their site.
Read on to know some of the most fascinating and surprising facts about online gambling and casinos.
FedEx CEO Gambled to Save the Company
This is one of the most inspiring facts about online gambling that has been so encouraging to small business owners and aspiring gamblers. The manager placed a bet in Vegas when his company was in the blink of going bankrupt. The CEO went to Vegas and played blackjack and luckily enough won $27,000, which made it possible for him to salvage his company. Back in 1973, FedEx only had about $5000 when the owner decided to take a trip to Las Vegas to place a bet. While this might not have been the best investment strategy, the CEO’s bet paid off, which ultimately made it possible for him to turn his company around. Today, FedEx has grown to become a multibillion-dollar multinational carrier, an enterprise based in Memphis, Tennessee.
You Can Ban Yourself From An Online Casino
If you feel like you are falling victim to problem gambling and this is not working out exactly the way you hoped it would, then you can ban yourself from the online casino. Technically, this is a popular exclusion program that is offered by different states and after you have initiated the ban, visit the online casino is considered a crime. However, it is upon you to decide the amount of time you wish to ban yourself, it can be anything from a month, a year or for the rest of your life. You must be very careful when making such a decision because there is no way you can ever get your name removed from the blacklisted list after you have committed to stop gambling online for life.
Card Counting When Playing Blackjack Is Legal
The strategy of counting cards when playing blackjack can be used to calculate the cards left in the deck and those which have already been dealt with. It is a legal strategy when playing blackjack.
Nevertheless, you should be careful because card counting can easily get you banned from the online casino. Land-based casinos can ask a player to pick other games if they are caught counting cards or ask you to completely leave the casino. One of the things that online casinos do to prevent players from carrying out such vices is by making sure that cards are shuffled frequently.
First Slot Machine
The first slot machine was created by a man named Charles Fey back in 1895. However, the slot machine created was not used in a casino. Rather, Fey placed the machine outside his automobile shop where customers waiting for their cars to be repaired would play and enjoy themselves.
See how popular the slot machine had become, casinos introduced the machine in their establishments as an alternative for players when table games were fully occupied.
Now, an online slot is the most popular casino game you will find at an online casino mainly because it doesn’t need any level of skill to play.
Nevada State Prison Inmate’s Casino
Gambling has always been popular in the state of Nevada to an extent that even prison facilities offered private casinos for their inmates.
It is interesting to note that the prison had a casino facility. Between 1932 and 1967 (35 years) inmates held at Nevada prison were allowed to play poker, blackjack, and craps and could place bets on their favorite sports events. Nevertheless, in 1967, a new warden shut down the casino claiming it was degrading.
Casino roulette was initially played in France back in the 18th century. The name of the game is a French word which means a little wheel. In comparison to European roulette, the American roulette has a higher house edge. Rather than the 37 pockets, you will find on the European roulette, the American roulette features 38 pockets.
This means that the winning odds when playing European roulette are 1 in 37, while those of their American counterpart is 1 in 38.
Las Vegas 1st gambling license
Unlike the common myth that male personalities were the main casino operators in Las Vegas, the truth of the matter is that the 1st casino license was given to a woman by the name Mayme Stocker back in 1920. Stocker’s brick and mortar casino offer 5 casino games that were fully legal at the time, including bridge, stud poker, lowball poker, 500 and draw poker.
Monte Carlo Casino Doesn’t Accept Monaco Gamblers
While Monte Carlo is a bettors and gamblers haven, if you live in Monaco, then you have to find somewhere else where you can gamble. Back in the 1800s, the princes announced that Monaco citizens should not be allowed to gamble here and the revenue generated from playing casino games here should only come from the foreigners.
Casinos Make More Money From Slot Machines Than Other Games
While you may be tempted to think that most online casinos make money from high rollers casino games such as baccarat and roulette. You will be surprised to learn that slot machines are the casino games that make gambling sites more money. With simple gameplay and small playthrough requirements, most people prefer playing casino slots than other casino games. As a result, casinos can make more money from the game. Also, unlike other casino games that are based on skill, online slots are based on pure chance.