Ronald Page Gets Sentenced For Spending Over $1.5 Million At Blackjack Tables
July 13th, 2012 by Site Admin
Ronald Page thought he got lucky back in 2009, when a computer error resulted in him being able to withdraw huge sums of money from ATMs located at three Detroit casinos. Page, a former GM employee, figured out a way to withdraw huge sums of money from his ATM.
During a 14 day span managed to withdrawn more than $1.5 million. He then went straight to the Blackjack tables and played non-stop, sometimes for periods ranging between 24-36 hours. While, he managed to win huge sums of cash at the Blackjack tables, he also lost heavily. In the end, he spent all his cash and was left with nothing.
His crime finally caught up with him, when earlier this week, a federal judge in Detroit sentenced Ronald Page to 15 months in prison and asked him to payback the Bank of America from his pension.
Richard Morgan Jr. of Pontiac, the lawyer of Page said “It was like giving a junkie crack cocaine. He is now a broken and lost man who has to deal with the rest of his life of attempting to pay back a sum of money that is nearly impossible to pay back”.
The reason Page walked away with only a 15 month sentence is because the court determined that part of the problem was due to the glitch caused by Bank of America’s computer system.
Blackjack Expert Offers Advanced Training Modules
July 10th, 2012 by Site Admin
Blackjack Expert is an innovative game and testing tool. The software has been designed to teach both beginners and advanced players how to test their decisions, check their actions, index plays, bet sizes, and insurance.
Users will also be able to learn how to count cards and gain much needed experience as they pit themselves against the computer or go through the various modules that help them improve and gain the knowledge they need to win at live Blackjack tables.
Blackjack Expert has a number of modules that cover a wide variety of topics. Some of these modules include Play Mode which allows the users to play the game of Blackjack where the computer acts as an opponent, users will be able to test themselves on correct bets, actions, insurance and index plays; Memorize Mode which shows an empty blackjack strategy table and allows you to fill in the correct plays one cell at a time. If you get it wrong, you are immediately notified and the error is highlighted; Action Mode which allows you to create and modify your own action table.
The Blackjack Expert software is loaded with a number of advanced features that will teach users how to master all aspects of card counting. Apart from teaching you card counting strategies; Blackjack Expert is also an incredible software that allows you to play the game and have a continuous learning experience.
Barona Resort & Casino Honors San Diego’s Heroes
July 6th, 2012 by Site Admin
Barona Resort & Casino recently hosted a special event on the 14th of June to recognize and honor some of San Diego’s finest. The party was hosted as a special tribute to the firefighters, military servicemen, military servicewomen and local policemen of San Diego.
Barona Resort & Casino put up an exciting show which consisted of a lot of fun games, cash prizes, giveaways and live dance contests. Some of the games played were Chipless Blackjack, Chipless Baccarat High/Low, Mini Blinko, Hot Seat, and a “Chipless Arena” featuring Three-Card Poker.
Barona is one of the popular casinos in San Diego and has more than 2,000 video poker machines and slots that are carefully managed by The Barona Loose Troop to make sure that they are the loosest around. The casino also has a number of popular table games such as Blackjack, Three-Card Poker, Four-Card Poker, Mississippi Stud, Pai Gow Poker, Caribbean Stud, Barona Craps and Baccarat. Apart from this, the Casino also features some of latest games in the industry including chipless gaming which feature Chipless Blackjack, Chipless Roulette, Chipless Baccarat and Chipless Three-Card Poker.
The event was a great success as it not only recognized the heroes of San Diego but also gave them an opportunity to have a good time with their family and friends.
Do Hedge Fund Managers Have A Upper Hand At Blackjack
July 2nd, 2012 by Site Admin
Jack Schwager recently stated in an interview that while a lot of Hedge Fund Managers are considered to be extremely smart, they are not geniuses. The interview was given a few days after Michael Geismar, president of Quantitative Investment Management won over $700k playing Blackjack.
Geismar said he had very little experience playing Blackjack and mostly credited Dr. Edward Thorp’s book – “Bringing Down The House” for his success. Thorp also received a lot of publicity for his book “Beat the Dealer” where he taught people how to bet on Blackjack and beat the Casino’s. The book was responsible for changing the way Casino’s operated as they had to counter the strategies that Thorp outlined in his book.
Speaking of Thorp, Schwager said “He took a game like blackjack, which has a built in negative edge, and figured out mathematically that by varying the bets so you bet more when the odds were in your favor, and less when the odds are against you, you can turn what is a negative edge game into a positive edge. That does have a straight analogy with trading. It means that if you can successfully wager more when you have high confidence trades, assuming that you can judge the better probability trades, you can make money even if on balance, your ideas are net negative.”
Thorp’s books are read by a number of Hedge Fund managers who then go and try their hand at Blackjack and other dealer games. Apart from Geismar, there are no reports yet of Hedge Fund Managers walking away with large fortunes, which shows that they do not necessarily have an upper hand when playing Blackjack.
However, considering what Hedge Fund Managers do for a living and coupled with the knowledge they derive from books written by authors like Thorp, these managers might soon come up with a way to win more often at live dealer games.
Myspace Cofounder Invests in Future of Online Gaming
June 27th, 2012 by Site Admin
Myspace may have fallen off the face of the earth, but that hasn’t stopped co-founder Tom Anderson from planning his next move. According to new reports from Card Player, his next career move may be in online poker. Anderson is clearly optimistic that online gaming will be legal in the United States in the near future.
Anderson has invested in RocketFrog, a new social gaming platform. RocketFrog launched a Facebook application last week and has already become a popular platform. Founder Brett Calapp felt that there would be a strong market for his startup after the Justice Department changed its position on online gaming six months ago. As the cofounder of Centurion Games, Callap is an experienced player in the online gaming industry. He is confident that he has found a strong market and can reach enough customers to generate some real cash flow.
RocketFrog customers will have the option of playing for real-world prizes. No other social gaming firm offers such an opportunity. While it builds its user base, RocketFrog will be monetizing itself with advertising from a variety of businesses.
Anderson feels that RocketFrog has many bright prospects ahead of itself. Calapp has taken him on as an adviser and he will be looking for new ways to help RocketFrog grow its subscriber base.
Anderson and Callap recognize that real money gambling may never be allowed on Facebook. However, the firm does allow third-party companies to sell virtual goods in services. Zynga has created a similar arrangement with Facebook in exchange for a 30% share of revenues. Callap is confident that his revenue model will be equally successful.
In an interview with Venture Beat reporters, Callup said “RocketFrog will expand our social gaming community to include many new players who could not fathom the idea of playing for nothing, but are ecstatic about the opportunity to play for gift cards from top brands, new albums from their favorite artists, or a ticket to the movies.”
QIM Founder Gives Away His Winnings
June 19th, 2012 by Site Admin
Quantitative Investment Management president and co-founder Michael Geismar recently pocketed over $700k at the Café Bellagio casino’s blackjack table in Vegas. Geismar was there to attend a conference and used the downtime to go and try out his luck at the Blackjack tables.
Geismar started off with just a $10k credit line and in just under 48 hours, went on to win over $700k and surprise everybody. However, Geismar recently announced that he plans to donate most of the money away to charity. Geismar runs a successfully company and will look to use his prize money to improve his hometown as he strives to educate the less fortunate.
Geismar confirmed that he plans to donate around $500k to his charities, who will then provide healthy meals to the less fortunate people located in Charlottesville, VA, where his company Quantitative Investment Management is located.
Geismar told reporters that he is aware of the poverty levels and how many children forfeit their lunches because they do not have sufficient money. He said “There’s a lot more poverty than you would think” in Charlottesville, VA.
Geismar and his wife plan to open a PB & J café to teach poor children how to prepare food. Once the food gets cooked, the children will be allowed to take the food home to their families. Geismar said if he required more funds for his charities, he might return to Vegas to try his hand at the blackjack tables again.
Blackjack Ballroom Doing a Special Promotion in June
June 14th, 2012 by Site Admin
Blackjack Ballroom has close to 500 online games currently available on their online casino website. A number of these games have paid out big money and can be found on the promotions tab. Recently, Blackjack Ballroom confirmed that they will be promoting two online slot games called Hellboy and Break da Bank towards the end of June.
While these two games have not enjoyed as much success as some of the other games, Blackjack Ballroom confirms that both games will not only have excellent features but also excellent payouts. Speaking about Hellboy, a spokesman for Blackjack Ballroom online casino said “Look out for the Supermode Free Spins feature and the Underworld Bonus Feature.”
Blackjack Ballroom will have special promotion days for these games and will offer bonuses to a selective number of players. Users will be able to take part by depositing a minimum of $20 and collecting their bonuses in the form of loyalty points. Commenting on Break da Bank, Blackjack Ballroom said that the game “will have you on the edge of your seat as you try and empty the bank’s safe and get to the 2,400 coin max payout”.
Blackjack Ballroom online casino has been licensed by the Kahnawake Gaming Commission and all of its games come with rich features, as the software used is powered by Microgaming.
RocketFrog Creates Blackjack Games That Reward Real Prizes on Facebook
June 12th, 2012 by Site Admin
RocketFrog is one of the newer enterprises on Facebook that is offering people interested in games and gambling, the opportunity to play them on Facebook and win real prizes. This is the opposite of what is currently available on Facebook, as most gambling activities on the social network pay pout in points and not prizes.
RocketFrog can be better explained as an online casino launched on Facebook that rewards players and winners with prizes from the real world instead of money. It offers blackjack enthusiasts the opportunity to play blackjack online at Facebook and win real prizes for their trouble. RocketFrog also hosts other online casino games like poker, roulette, video poker and slots.
Tom Anderson, the co-founder and ex president of MySpace.com, is involved in the RocketFrog enterprise and commented, “Advertisers are always looking for something different, something that engages users and cuts through the noise. RocketFrog delivers. The entire game experience is branded by the daily advertiser and at the same time users get to play for with real world prizes.”
Players will be awarded with vouchers that they can uses in real places, discounts on food items, music purchases and movie tickets.
Enjoy Online Blackjack at Sky Vegas
June 5th, 2012 by Site Admin
One of the many online sites to bring Las Vegas to life on Cyberspace is Sky Vegas. Although, new casino games and games like Zuma Slot and Community Roulette are available, old school veterans prefer a good old game of Blackjack. Sky Vegas offers you the feel and touch of Blackjack online. Blackjack is a Las Vegas’ gambling tradition and many say it is like old scotch – tastes better with age. If you were a die-hard fan of old age casino gambling, Blackjack would be the way to go. Sky Vegas offers Power Blackjack to Blackjack with low stakes.
To play blackjack at Sky Vegas, one would have to first place a bet. The aim is to get as close to the score of 21 and not more, while still beating the dealer’s score. After the player places his bet, he is dealt with two cards – one facing up and one facing two. The two cards should sum up closer to the number 21, under circumstances where the dealer’s score is lower. If the dealer goes bust, and the player gets the desired score, he will win.
An added advantage with playing online blackjack at Sky Vegas would be its big rewards. Sky Vegas offers up to nine different varieties of this game, tailored to suit a player’s needs. Therefore, whether you are all about the tradition or a person who likes old-in-new, you will enjoy Sky Vegas’ offerings.
Blackjack Cheater Finally Apprehended After a Decade
June 1st, 2012 by Site Admin
Cheating at blackjack may get you banned from casinos if you are caught card counting but when you embezzles thousands of dollars to pay for your gambling addiction and blackjack games, you are setting yourself up for more than a hard rap on the knuckles.
A blackjack player and gambler from Australia was accused to have embezzled funds from his employers for the purpose of paying for his gambling addiction. However, the player was never caught for stealing – the total amount of which was $300,000. Surprisingly, it was his gambling addiction that did him in eventually, as the player was noticed almost a decade later when he was found to have won an online blackjack competition and has his name exposed in the gambling news. This helped the authorities locate the thief and arrest him.
The player had embezzled funds from his employers over the course of 2 years and authorities wee unable to trace how the player had spent around $100,000 of the money he had stolen. The authorities noted that the player had spend nearly $200K on casino and blackjack gambling at different casinos in Australia. It is believed that the remaining money could have been used in underground gambling games and as a result in untraceable.
