Filed under: casino

Armed bandit robs Vegas casino

http://a57.foxnews.com/static/managed/img/U.S./397/224/121410_bellagio.jpg

Las Vegas police are looking for an armed casino bandit who made off on a motorcycle with perhaps $2 million worth of gambling chips from the posh Bellagio hotel-casino.

Las Vegas police Lt. Clinton Nichols told The Associated Press that detectives were reviewing video and camera images of the robbery a little before 4 a.m. Tuesday at the Las Vegas Strip resort.

No shots were fired and no one was injured.

Nichols calls the robbery about as quick as you can do it.

He says the man wore a full-face motorcycle helmet and leather jacket.

He went to the casino pit area, displayed the gun, demanded chips, and fled the casino before speeding away on Flamingo Road on a black sport-style motorcycle.

Police believe the same suspect may have robbed the Las Vegas Suncoast Casino poker room cashier last week.

How To Win At Gambling

Gambling Tips

Gambling Tips

The odds are you won't make money gambling, but there are at least four common betting games at which is it conceivable to reliably make money. Three of them are found in most casinos, and the fourth is found throughout life. Most people with a grasp of simple odds do not expect to make a fortune gambling, though--it is just a lot more fun if you know the odds on your game.

 

 

Poker

Poker

The way to win at gambling is know the odds, bet big when they edge in your favor, and try not to lose much in between. With poker, it is not just about the cards, but "pot odds"--the cards, plus how much you can win, and what you have already bet. Play lots, since luck is a short-term variation, and skill is won over time. Poker has the added advantage of psychology, and other players who may not want to work so hard to learn.

 

 

Blackjack

Blackjack

Theoretically you can memorize every card played in a deck (or six decks, depending on how the casino sets things up) and get a small edge on the house. The more 10s, face cards and aces left in the deck, the better your odds. Robert Hannum, a statistician specializing in gambling, puts the edge at 1%, meaning you can make $1 for every $100 you bet. Yes, casinos can do little about it, other than kicking you out if they catch you winning too much. They probably like it overall, though, given the likely number of people who try card-counting and fail.

 

 

Sports

Sports

Another case of "winning at betting, a job you have to love." Over time the right combination of horses can show up, or the points against a team are wrong, and no one else notices. As with poker, blackjack--and for that matter, stocks--be wary of outsized jackpots as almost all real mathematical advantages are slight. The advent of in-game bets (the outcome of a quarter, a half, or even a couple of plays) make the overall math more complex.

 

 

What Not to Play

What Not to Play

Knowing the odds, particularly the overall house edge, helps you calculate how long your money will last. It can also make you scratch your head, wondering why anyone would risk a buck. The American Gaming Association puts the house edge in blackjack at 0.5% to 1.5%, meaning you lose 50 cents to $1.50 on every $100 you wager. That can last a long time. Keno, on the other hand, has a house edge of up to 30%, so you give up $30 on the $100.

 

 

State Lotteries

Lotteries

In the U.S.forty-one states plus the District of Columbia have lotteries. They may be the only form of gambling that makes Keno look like a good bet. In 2006 only Massachusetts paid out better than Keno's 30% house take (it was 28.1%). The 10th-best state, Texas, kept 40%. By comparison, the traditional organized crime game called The Numbers had odds of 1,000:1, and paid off between 600:1 and 800:1. Of course there were no taxes, so that is a bigger net gain. "Compares badly to the mob" is not an endorsement.

 

 

Slots

Slots

Technology has had more of an effect on slot machines than any other game. The advent of computer chips instead of mechanical wheels meant the owners could offer much more complex games involving diagonal wins, betting variations and bonus rounds. The regulated odds, however, do not change, and like any machine-based game will always favor the house. Video poker games tend to pay out better, though, as do larger-denomination slot machines. The house edge can be anywhere from 0.5% to 12%.

 

 

Location, Location, Location

Location, Location, Location

How much a slot machine must pay out, called the "hold," is set by the state. Casinos are often free, however, to pay out better. Researcher David Schwartz says that while Connecticut currently has better odds than Nevada: The Las Vegas machines have a hold of 6.1%, compared with 8.4% on a Connecticut Indian casino. Says Schwartz: "There are so many more slots in Las Vegas, they have to come down to attract people."

 

 

Mapping the Floor

Mapping the Floor

For most people going to casinos, winning isn't everything. In fact, it may not be anything more than a nice bonus. "The two main aspects are fun and excitement, and socialization, even the theater of it," says Katrina Lane, vice president of Harrah's. There is even competition, when two players are up against each other. That is fun for the rest of us to watch--which is why casinos put table games, and not too many slots, near places with lots of foot traffic. Harrah's visualization software also figures out where to put the favorite slots to maximize their action.

 

 

Coin Flip

Coin Flip

There probably is no casino in the word that runs a coin flip table, and with good reason: It is one form of gambling where you can get good odds. Research has determined that a coin will more often land showing the side when it is flipped (for the same reason that, if you count up from one, you will never have more even numbers than odd.) Coins spun tend to show "tails" even more frequently since the "heads" side is heavier.

 

 

Security

Security

It's not that casinos do not want you to win. They just do not want you to violate any laws--particularly laws of mathematics. That is why they invest so much in cameras, networks and software to crunch the odds, look for unwelcome faces and unusual situations. That, and calculating ways to reward big spenders with free stuff, is where the real advanced math takes place in a casino.

 

 

Great Vegas Deals For All

There's some great deals to be had right now in America's Playground (Las Vegas) with some high end hotels practically giving rooms away you'd be smart to take a look at las vegas for your spring getaway. Here's a few of the best deals to be had right now.

 

Stay at the Mandalay Bay Hotel for $66 or at THEHotel for $86 - book now and receive One Fly Back Free Voucher* for your next visit! Book by Sept. 9

 

Stay at The New Luxor Hotel for $36 per night, book by May.12 and recieve free upgrades

 

Check out the NewYork NewYork Hotel - Book NOW and receive:
Rates from $42

Vegas

2 Free Drinks
2-for-1 Breakfast at Il Fornaio
2-for-1 Roller Coaster
25% off Spa Services
2-for-$79 Tickets to Zumanity

 

How about a Luxury Suite Package at The Venetian from $109 - You Must Book by Friday,May 7

  • Luxury Suite at The Venetian or The Palazzo
  • 40% off tickets to Blue Man Group
  • $30 off a purchase of $60 or more at Dos Caminos
  • 20% off your food bill at Lagasse's Stadium
  • $50 pocketcasino gaming credit
  • 2-for-1 tickets at Madame Tussauds
  • $25 in Grazie Slot Credits

 

There's also great deals to be had at The Monte Carlo Hotel with rates from $39 and suites from $77. You will also receive these great inclusions

*two for one Buffet
*two for one appetizer at d.vino or Dragon Noodle
*two for one drinks at Brand

expires May 25 so Book NOW

 

There's much more deals to be had in sincity so check back often as we'll post them as we hear about them.

 

 

 


 

 

Safer Than A Gamble: Finding Truly Random Numbers

Roulette

Even the spin of a seemingly random roulette wheel can be predicted if you have the right information, says Antonio Acin of the Institute of Photonic Sciences in Barcelona.

Randomness is hard to come by. At least things that are absolutely, positively, 100 percent random.

Take the example of a roulette wheel: It may seem that the number the ball falls on is a random event, but Antonio Acin of the Institute of Photonic Sciences in Barcelona says it's not.

"If you are able to compute the initial position and the speed of the ball, and you have a perfect model for the roulette, then you can predict where the ball is going to finish -- with certainty," Acin says.

In fact, he says everything that appears random in our world may just appear random because of lack of knowledge.

Is Anything Truly Random?

So to find true randomness, Acin and his colleagues turned to the world of atoms and electrons, and to the laws of quantum mechanics.

"To be more precise, we are taking advantage of the nonlocal correlations of entangled quantum particles," he says.

So that means that the laws of quantum mechanics say some things truly are random, like for example, the clicks a Geiger counter makes when it measures something radioactive.

"Those are random, due to quantum mechanics," says Christopher Monroe, Acin's colleague at the University of Maryland.

But Monroe says there's a problem with the random clicks of a Geiger counter. You can't be certain that the box the counter is in doesn't have a mechanical flaw, or even worse, a device that records the clicks and sends them to your enemy.

"A stronger form of random-number generators are so-called device independent. It doesn't matter what's inside the box," Monroe says.

Tied Up In Quantum Entanglement

This is where the weird properties of quantum mechanics come in. In this world, you can have a magnet that is pointing north and south at the same time, so long as you don't look at it.

"And when you do look, it randomly pops into one or the other," Monroe says.

So to capture that random popping, Monroe took an atom of ytterbium (a soft silvery metallic element), which has "an outer electron that is very much like a bar magnet," he says. "It can be north up or south up."

Then he took a second ytterbium atom and entangled them. He yoked them together in a quantum sense. The work of Albert Einstein and another physicist, John Bell, says if you can entangle two atoms, then you can prove when they pop out of their simultaneous up-and-down state, they will do so randomly.

"It turns out that quantum entanglement is very hard to come by," Monroe says.

Randomness, Cryptography And Casinos

It took three weeks of running their equipment to get just 42 random events -- 42 ups or downs -- that could be turned into zeroes or ones that were truly, totally, 100 percent random.

That's a crucial property for cryptographers who want uncrackable codes. It could also be important for casino operators. Antonio Acin says he could help an operator who wants to prove his games are completely based on chance -- completely random, that is.

"I prepare for him two entangled particles. Now he takes these entangled particles to his lab. He knows he can generate randomness out of them," says Acin.

Of course, random or not, the house still gets a cut.

#Vegas Rolls Dice on City Center‎

When it comes to celebrating the holidays, images of Las Vegas don't exactly come to mind. But this season, Sin City is hoping to boost its fortunes with the opening of the new City Center -- an $8.5 billion dollar gamble.

City Center officially opens Wednesday, unwrapping its luxury spas, casino and new Elvis Presley tribute.

While it's a huge risk, many are hoping City Center is a gift that will keep on giving -- there hasn't been a lot to cheer about this yearin Vegas, which has been hit hard by the recession.

Still, Donny Osmond told CBS News, "Christmas in Vegas is so different than any other place. It's not about cuddling up next to the fireplace--this is about a neon party land."

But Vegas gifts can't be found anywhere else. Cirque de Soleil is opening "Viva Elvis" -- with 75 acrobats, a five-story stage, and rare home movies.

"Viva Elvis" opens in the new Aria Hotel, part of the $8.5 billion City Center. Its 67 acres include custom art, high-tech suites and high-end shopping. Eva Longoria Parker just opened her Beso Restaurant at City Center.

Bill McBeath, chief operating officer of Aria, gave "Early Show" national news correspondent Hattie Kauffman an exclusive look inside the Aria, including the high-ceiling coffee shop and poker room.

The City Center has set the bar pretty high this holiday season, Kauffman said, but added visitors shouldn't count out the rest of the Vegas strip.

Donny and Marie Osmond have added holiday music to their show. Marie, a mother-of-eight, even moved her family to Las Vegas.

According to Marie, "You can walk to see a great show, you can walk to a great restaurant. You can walk and see some of the best shopping in the world. You can have it all right here."

Donny added, "If you want an entertaining Christmas, this is the place to be."

At the Bellagio, thousands have discovered this winter wonderland in the desert. The Four Seasons Gingerbread Village features an edible carousel, and a quarter million cranberries fill the Palazzo's pool.

And do you MISS the cold? Mandalay Bay offers faux furs and cold drinks inside the minus five degree ice lounge -- and snow falls in the Qua Spa at Caesar's Palace.

Cher is also strutting her stuff at Caesar's Palace where Jerry Seinfeld will make a rare appearance. Also, Garth Brooks is out of retirement playing the Wynn. John Mayer will also appear at The Hard Rock Café, and the Black Eyed Peas will ring in the New Year in Vegas.

Kauffman added on the broadcast this holiday season is serious business for Las Vegas. City Center alone, she said, has opened up 12,000 new jobs for a city hit hard by the recession.

Posterous theme by Cory Watilo