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A California man named Fred Marino is suing American Express and Discover Card charging them with facilitating and profiting from illegal online gambling loans. The suit alleges that California has a long-standing public policy against enforcement of gambling debts. In 1998 Fred Marino lost over $25,000 while gambling online. When American Express threatened to sue him and ruin his credit report, Marino filed the suit. Ira Rothken who was the attorney for Cynthia Haines will represent him. Marino is seeking an injunction against American Express and Discover stopping them from extending credit for Internet gambling to California residents. At the end of the last betting round, if more than one player remains, there is a showdown in which the players reveal their previously hidden cards and evaluate their hands. The player with the best hand according to the poker variant being played wins the pot. Mathematics of blackjack It might be pointed out that where economic activity is concentrated in transfers of wealth rather than its creation, gambler's ruin results in most of the wealth being held by a very small number of participants. We see this in the stock market when speculative activity is the norm rather than long-term dividend producing investment Non-examples
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Certain rules changes are employed to create new variant games. These changes, while attracting the novice player, actually increase the house edge in these games. Double Exposure Blackjack is a variant in which the dealer's cards are both face-up. This game increases house edge by paying even-money on blackjacks and players losing ties. Double Attack Blackjack has very liberal blackjack rules and the option of increasing one's wager after seeing the dealer's up card. This game is dealt from a Spanish shoe, and blackjacks only pay even money. The banker proceeds to deal four cards face downwards: the first, for the punters, to the right; the second to himself; the third for the punters, the fourth to himself. The player who has the highest stake represents the punters. If two punters are equal in this respect, the player first in rotation has the preference. Each then looks at his cards. If he finds that they make either nine, the highest point at Baccarat, or eight, the next highest, he turns them up, announcing the number aloud, and the hand is at an end. If the banker's point is the better, the stakes of the punter become the property of the bank. If the punters' point is the better, the banker (or the croupier for him) pays each punter the amount of his stake. Putting aside the legal issue of online gambling, I think we need to look at "Personal Responsibility." Anytime you use a credit card you are essentially entering in a contract with the credit card Company. They are loaning you the money. It is your money to spend any way you want but it is your responsibility to repay it. Ease. You can get into an entire new life of online casinos in five minutes even if you are not really a people kind of person. Even if you are lazy (most probably if you are lazy!). There's no embarassment for newcomers, you don't have to go anywhere or dress anything and it doesn't really matter if you've played it all before or this would be the first game of your life. Click-click and you're in. Online casinos have all the help, support, certification and technology to satisfy you. Everything online is under your fingertips, one Internet search away. As you can chat with other players and look up the reputation of a particular online casino if you want to or even submit a testimony, online casinos will do everything to please. The paradox of online gambling is that the industry that is traditionally associated with cheating and crime in minds of most people is in fact one of the cleanest, safest and most successful Internet businesses ever. Online casinos are there more for you than for themselves. Craps [edit] Less than 3:2 payout on blackjacks (as is the case with Las Vegas Strip single-deck blackjack, paying out 6:5) Having personally played perfect blackjack at 11 online casinos in which I've won a total of ?892.51, without ever risking a penny of my own money, I'd have to say Yes, It Does. A player going bank may either do so on a single hand, in the ordinary course, or a cheval, i.e. on two hands separately, one-half of the stake being played upon each hand. A player going bank and losing may, again go bank; and if he again loses, may go bank a third time, but not further.
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