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How to Pick a Price Per Head Provider

2005-06-22T14:33:00.000-07:00

Featuring Dalton Wagner, Founder V.O. Group, S.A.

The number of Price Per Head providers has grown exponentially over the last twelve months with entrants to the marketplace almost daily. With so many choices, the big question is: “How do I know which Price Per Head provider or sports book to choose?”

When evaluating an offshore operation, it is often difficult to sort through the facts, for this reason, you must rely on the following to make a sound choice:

Years In Business: Make sure you choose a Price Per Head operator that has been in business for at least 6 years. A proven track record is a must. You can not afford to risk your clients or your sports season to a fly by night operator or ‘wanna be’ operator. Avoid new sportsbooks. Avoid anyone with an unreasonably low price (<$25/head/week) who may be attempting to gain entry into the market (sign of a new company).

Dalton Wagner Commentary: I invented the concept of PPH in 1999. I have the largest economies of scale and I write more PPH clients than anyone offshore. And, this is in addition to my sportsbook business, my casino business, my racebook business and my poker business. The fact is I make very little money at $25/head/week. It scares me to see new operators entering the market with prices as low as $25. I can tell you that unless they are writing over 15,000 head, they can not make it. Let me re-phrase that…if they are quoting prices as low as $25/head/week there is no way that they have enough employees to service an agent, there is no way they have tri-dundant phone service, there is no way they have tri-dundant internet service – in short, there is no way they can service an agent’s business well enough to help the agent grow. Secondly, PPH companies will lie to you about their company’s age. You must be able to verify the companies age. This is a must. Use Internic, use OSGA.com, and use ThePrescription.com. You must verify the facts.

Location: Check to make sure that the PPH provider you will outsource your clients to is licensed and legally able to service clients world-wide.

Dalton Wagner Commentary: There are only two locations that we know of that allow the outsourcing of bookmaking. The two locations are Costa Rica and Panama. The UK and Dutch Antilles to NOT allow this activity in their licenses. The only one you can trust at the current time is Costa Rica (as evidenced by the recent blow up of www.BetPanAm.com in Panama).

Reputation/Integrity: One of the best ways to make sure that your clients and your business will be safe with a provider is by checking their reputation. Use verifiable and known sources of information like the Off Shore Gaming Association, The Prescription, Bettors World, etc.

Dalton Wagner Commentary: If your outsourcing your business to someone, you expect them to treat it as their own. The person accepting the outsourcing better have a reputation as strong as or stronger than yours. This is the only way you should trust your business to them. One additional note, if the PPH Company also has a post-up division, check the reputation of the post-up side of the company. This will tell you volumes about the company. Rather, if the PPH company is tied to a loser post-up sportsbook or one that has a negative reputation, you know what to expect for your clients.

Service and Offerings: Reputable PPH companies are open 24-hours a day, 7-days a week, 365-days a year. They offer quarter lines, half time lines, game lines, money lines, propositions, multiple casinos, horse betting, and more. You are outsourcing to better service your clients – therefore service is one of the key deciding factors on who to go with.

Dalton Wagner Commentary: Simply put, the more accessible the service is and the more wagering options that exist, the more money the agent will make. You should consider the service mentioned above to be the minimum acceptable. Rather, if they have one casino – you should NOT work with them. If they do not have horses – you should NOT work with them. If they are not open 24-hours a day – you should NOT work with them, PERIOD!

Security: A PPH company must have safeguards and must keep your information and clients secure and anonymous If the company you are considering is publicly held, then your security is compromised (it CAN BE accessed via the government). If the company you are considering has integrity issues, you can assume your data will be passed on to the wrong people.

Dalton Wagner Commentary: Security is the ultimate issue. Our company has had the opportunity to be purchased or taken public on multiple occasions. We decided not to do so because it would put our clients/agents/bookmakers in a compromised situation. Partner agents and bookmakers use our service because our integrity and the security of their data is complete.

Additional Information on a Price Per Head Agency Relationship (also known as outsourcing, outsourced bookmaking, sportsbook agent, sportsbook service, call center outsourcing, etc.):

The concept of Price Per Head Agency or Outsourcing Bookmaking to an Offshore Sports book has become popular recently. By using software written by offshore sports books, agents or illegal credit bookmakers have the ability to outsource the writing of their business to companies like www.BettorsNet.com (owned by V.O. Group, S.A. one of the largest and most respected offshore operators in the world – contact is 1-877-512-1001). Therefore, the agent or bookmaker simply points their clients to a phone number and/or website and allows them to bet with a simple Pin/Password system. The agent or bookmaker then pulls reports at the end of the week, and pays or collects what the client won or lost. The only money that trades hands between the agent or bookmaker and the service provider is a simple Price Per Head service fee.

Obvious benefits of the Price Per Head Agency relationship are (i) improved earning potential for the agent, (ii) decreased legal exposure for the agent, (iii) increased customer service for the agent’s clients, and (iv) ability for the agent to do something other than answer wagering calls (they actually get time to enjoy the money they are earning).

Dalton Wagner’s commentary is found throughout the above. Mr. Wagner has the reputation of being the most innovative operator in offshore gaming and the largest Price Per Head operator offshore. His most recent innovation has allowed small sportsbooks to outsource their complete operation to V.O. Group, S.A. while focusing completely on marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).

BetCris.com Opinion on Price Per Head Explored

2005-06-22T07:37:00.000-07:00

Featuring Dalton Wagner, Founder V.O. Group, S.A.

The concept of Price Per Head Agency or Outsourcing Bookmaking to an Offshore Sports book has become popular recently. By using software written by offshore sports books, agents or illegal credit bookmakers have the ability to outsource the writing of their business to companies like www.BettorsNet.com. Therefore, the agent or bookmaker simply points their clients to a phone number and/or website and allows them to bet with a simple Pin/Password system. The agent or bookmaker then pulls reports at the end of the week, and pays or collects what the client won or lost. The only money that trades hands between the agent or bookmaker and the service provider is a simple Price Per Head service fee.

This new system is a departure from the way it used to work in which the agent would split the winnings or losings with the offshore sportsbook.

Obvious benefits of the Price Per Head Agency relationship are (i) improved earning potential for the agent, (ii) decreased legal exposure for the agent, (iii) increased customer service for the agent’s clients, and (iv) ability for the agent to do something other than answer wagering calls (they actually get time to enjoy the money they are earning).

There has been much debate over which of the two methods is better for the partner agent or bookmaker. In an effort to get to the bottom of this, we attempted to contact the dominant player in each of the models:

Revenue Split Model: The owners of www.BetCris.com (Costa Rica International Sportsbook is a well known offshore credit bookmaker who operates only on a revenue split model) were contacted but refused to return our call or comment;

Price Per Head Agency Model: Dalton Wagner, proprietor of V.O. Group, S.A. and BettorsNet.com (one of the largest offshore gambling operators who only operates on a Price Per Head basis when dealing with credit agents) was contacted and agreed to be interviewed.

Unfortunately, since only one of the persons contacted agreed to participate, our interview will show mostly his view. However, we did our best to probe the positives and negatives of each model.

Post-Up Newsletter: The Price Per Head model appears to be the most appropriate model for an agent or bookmaker to maximize his revenue. Why then are companies like www.BetCris.com so against them?
D. Wagner: The answer is simple dollars and cents. If you have a client that loses $10,000 in a week and you have a Price Per Head Agency relationship with www.BettorsNet.com, you will simply need to pay your service fee of $25-$30 for that client using our service. However, if you are using a revenue split relationship, you will have to fork over $5,000. So, in the example you provided, companies like the one you mentioned are in danger of losing $4,970 in revenue if their agents find out about PPH.

Post-Up Newsletter: Yes, I understand the math, but when speaking to companies like www.BetCris.com they act as if the PPH industry is putting the offshore industry in danger. They speak of people like you as if you had the plague. Why?
D. Wagner: I know the gentleman that owns Bet Cris. I know the guys who run Bet Cris. They are the best in the world at what they do. There is no way I would dispute that and no way anyone would dispute that. But, BetCris.com can not exist by taking all of their revenue split relationships and having them converted to PPH. So, if I had to guess, they act that way because I am endangering their way of life. I have actually had conversations with the owner of BetCris.com and he firmly feels that he provides his agents a better opportunity to earn more, therefore he feels his much higher price is warranted. I don’t know if I agree, but I think it best for my reputation to speak for itself. The fact is that I have NEVER had an agent or bookmaker come to me who switched to PPH from revenue split EVER GO BACK. 100% of the people who have tried my service are still with me from day 1. That shows me that agents do not agree with BetCris.com. They think the service is comparable and they think the earning potential is greater with www.BettorsNet.com.

Post-Up Newsletter: I am lost. Why does the owner of BetCris.com feel he provides his agents a better opportunity to earn more? The math seems obvious.
D. Wagner: Actually, I agree with him in one way and one way only. If an agent is weak and is booking ‘over his head’ (an industry term that implies the bookmaker or agent is taking more risk than they can afford in the long term), then a partnership with www.BetCris.com can be a positive thing. Not only do you share 50% of your revenue with them on a revenue split relationship, but you also share 50% of the risk. So, if you are an agent that has a bettor that wants to bet $5,000 a game, and you can only afford to book $2,500, then a partnership with Bet Cris is a good thing and will allow you to stay in business longer. You should never ever book over your head.

Post-Up Newsletter: Oh, I see. So that is an example of an agent you would tell to use a revenue split model, right?
D. Wagner: Yes. And, No. Yes, if the agent plans on booking over his head for the long term. No, if he can cut his client down to an acceptable level and keep all the profit for himself. Then, when the agent or partner bookmaker has a large enough bank roll, he can open the client up to the larger wagers. I still believe, and I believe the math proves that PPH is always bettor for the agent.

Post-Up Newsletter: Are there any other Price Per Head agency companies that you would recommend?
D. Wagner: Absolutely NOT. Please print that in big bold letters. It is difficult for any company in our industry to survive. The overhead is huge. Most Price Per Head companies have come to Costa Rica or Panama or Antigua to try and compete with just Price Per Head revenue. Trust me, I have been doing this for 7 years, and PPH does NOT generate enough for survival. You have to build a relationship with a company that has a huge staff, technical know-how, tri-dundant phones, tri-dundant internet service, millions of dollars in investment in hardware and software – and, we are the only ones that have it at the current time. Why? Because we have been operating major post-up brands for years. We are one of the most successful operators offshore and we are able to write PPH as a sideline business. We could NEVER survive on PPH alone. And, anyone who says they can, is lying to you. The guys who say they can write business at $17or $20/head are on their way out – they just don’t know it yet.

Post-Up Newsletter: So how does a bookmaker or agent learn more about this?
D. Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

Additional Information on the Companies Mentioned Above:

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has survived multiple buyout attempts and maintains one of the largest privately held offshore gaming companies in the industry. While the rest of the industry is going public and being required to provide more and more information in a public format, Mr. Wagner’s privately held company is a favorite associate and partner for bookmakers and agents onshore. Privacy is one thing you never have to worry about when dealing with Dalton and V.O. Group, S.A. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 most admired offshore companies (as measured by Online Gambling Magazine; Post-Up Newsletter; Offshore Operator Industry Magazine; and Many other Publications). If you are looking for a Price Per Head Agency relationship, there is no place better online or offshore.

BetCris.com is considered the undisputed leader in offshore credit bookmaking. The owner of the company has been called the Godfather of the Offshore Bookmaking Industry in many publications. It is estimated that 90% of Costa Rica International Sportsbooks revenue is generated via revenue splits with Partner Agents and Bookmakers. If you are looking for a Revenue Split relationship, there is no place better online or offshore.

Success With Price Per Head (Small Sportsbook Success)

2005-06-21T10:50:00.000-07:00

Case Study in Small Sportsbook Success via Use of Price Per Head (PPH) Software Written and Owned by V.O. Group, S.A., the most successful offshore sportsbook in Costa Rica.

Price Per Head vs. Small Sportsbook Operation

Featuring Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of being the most innovative operator in offshore gaming. His most recent innovation has allowed small sportsbooks to outsource their complete operation to V.O. Group, S.A. while focusing completely on marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).

Playing Poker Online Magazine: Recently we have been told that V.O. Group, S.A. is now allowing small sportsbook operations to outsource the complete writing of their business to your organization. How is this possible?
Wagner: The situation you speak about is 100% true. However, has only happened one time in our history.

Playing Poker Online Magazine: Can you be more specific?
Wagner: When an offshore sportsbook starts, in 99% of all cases it will fail in the first 24 months of operations given the current market conditions. Examples are everywhere from The Dunes, Platinum, Super Sports Book, etc. It happens every single year. In the past, large sportsbooks like MVP Sportsbook or V-Wager.com would swoop in and try to save the books via financial help or simply buy them at a low price. Well, V.O. Group, S.A. now offers another more innovative solution.

Playing Poker Online Magazine: OK. You’ve got me, explain!
Wagner: We write business for onshore bookmakers and agents charging them a simple price per head per week. This price takes into consideration our considerable economies of scale and a small profit margin. In the case you are speaking of, instead of buying the sportsbook for a low cost that basically sent the owners home broken hearted and with empty pockets, we cut them a deal where they could focus on marketing and leverage off of our economies of scale. Simply put, we took over writing their business for them, and they now focus their limited resources on marketing 100% of the time.

Playing Poker Online Magazine: That sounds like snake oil. How exactly would that work?
Wagner: We don’t sell snake oil. The facts speak for themselves. When V.O. Group, S.A. opened it’s doors in 1998 the market was different. You could recruit players, write their business, and make a profit in years one, two and three. With the current market conditions, there is NO WAY a start up credit or post-up book can be profitable in year one, two or three without 2,000 head a week in business. That is the theoretical breakeven point. If you are writing less than 2,000 head a week, you can double or triple your net earn by letting V.O. Group, S.A. write your business.

Playing Poker Online Magazine: OK. That makes sense because in 1998 and 1999, it was cheaper to find a new client. Is that where the difference in earnings comes from?
Wagner: The fact is yes, that is where the difference is. But, that is not our selling point. Our selling point is that if you stop worrying about writing business and let us do it, you can focus on marketing – which is the key to the success of an online sportsbook. And, that is the simple fact for credit bookmaking, post-up bookmaking and future success in this industry. As long as you think ‘beating the clients’ is the key, you are limiting your business. Let our company worry about that – and, you find clients. Spend your time finding clients and you will make money.

Playing Poker Online Magazine: The theory is sound, but what about the facts?
Wagner: The owners of the sports operation in question do not want me to be specific about whom they are. But, let me simply say that when we took over their operations, they could not even make the post-up money good. Now they have $1.4 million in the bank. So, yes, the facts do follow the theory.

Playing Poker Online Magazine: Wow! That is incredible. Can any poker room, casino, racebook or sports book do this with V.O. Group, S.A.
Wagner: Yes. We have programs for all online products except for bingo. And, by 2006 we should be able to offer options for even bingo operators..

Playing Poker Online Magazine: So how does a bookmaker or current operation learn more about outsourcing their operations to V.O. Group, S.A.?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

Article Note: The situation in this Case Study is a true case, however may not be representative of your situation. All situations are different and therefore may result differently.

Success With Price Per Head (One Agents Story)

2005-06-20T10:43:00.000-07:00

Case Study demonstrating one agents success via Use of Price Per Head (PPH) Software Written and Owned by V.O. Group, S.A., the most successful offshore sportsbook in Costa Rica.

Price Per Head vs. One Agents Old Operation

Featuring Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of being the most innovative operator in offshore gaming. His most recent innovation involves the direct attack upon the Onshore Bookmaking market via the unique value proposition of actually partnering with Bookmakers and Agents onshore (as opposed to attempting to steal their business). With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).

Sports Betting Business: The ‘buzz’ in offshore gambling appears to be focusing on only two subjects as of late, including: Poker and Your Price Per Head Offering. What exactly is Price Per Head and Price Per Head Agency?
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years (local guy = agent or corner bookie). The reason this market exists is the personal relationship that an onshore bookie or agent has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however V.O. Group, S.A. has decided to take another tact. Via our Price Per Head software written by Matthew Wilson, we have been able to PARTNER with onshore bookies or agents with our Price Per Head Agency Relationship.

Sports Betting Business: You called us with a specific Success Story that you said Had To Be Told Immediately! What in the heck could be so important?
Wagner: As the industry knows, we have been pushing Price Per Head Agency for a while now. We have a story that has to be told…it is that simple!

Sports Betting Business: OK. Go ahead and tell the story!
Wagner: The story starts with a gentleman named Paul Harris in Austin, Texas who is was a small town bookmaker making $250,000 a year in income.

Sports Betting Business: I already see where this is going. Now you are going to tell me of how V.O. Group, S.A. leveraged your PPH software and relationship with Paul to make him 30% or 50% more. Right?
Wagner: No, that is not the story at all. While 50% would truly be something to celebrate, it does not compare to this story!

Sports Betting Business: Stop already. Tell the story.
Wagner: Mr. Harris contacted V.O. Group, S.A. through our BettorsNet.com brand in August 2004, right before football season. After three phone calls we switched his 75 players from playing through his cell phone to playing via our website and call center. And, with the increased availability to the product, more offerings, and all the other items BettorsNet.com brings, guess how much Paul made?

Sports Betting Business: Well, since you did not bite on 50% more, I will say 100% more. But I doubt it!
Wagner: Yea, I doubt it too. How about 350% more. That’s right! I just ran the reports for Paul Harris and up to February 1, 2005, Paul has made $750,000.00.

Sports Betting Business: Wait, $750,000 is a hell of a lot more than 350% more. Isn’t it?
Wagner: Actually, if you take into consideration the decline we will see after the end of March Madness, he should easily make $1,200,000 this year. But, I didn’t want to overstate the facts!

Sports Betting Business: Are you telling me that by having you take the phone calls and do the accounting for Mr. Harris you made this difference in his life?
Wagner: That is exactly what I am saying!

Sports Betting Business: Was he that bad of a bookmaker?
Wagner: Well, I think we are better – but, he was fine. The increase doesn’t come from us beating his players more than he did. The increase comes from the product being available 24 hours a day and our company having more offerings. And, the secret ingredient helps too!

Sports Betting Business: Oh, I see. Instead of having his cell on for a few hours a day, you put the product in front of his clients all day and night for the buying. I see. But, what is the ‘secret ingredient’?
Wagner: The availability will make a person 100% more over night. But, the secret ingredient made the difference for Mr. Harris. And, the secret ingredient is TIME.

Sports Betting Business: OK, I am lost again. What does that mean?
Wagner: Paul Harris used to set lines, answer phone calls, watch games, grade wagers and keep figures. He did it so well, and so often he already lost his girlfriend. He simply spent all of his time operating as a bookie. When we took over, he became a RECRUITER. All Paul does now is sit in bars and recruit business. We write the business, and Paul grows his business daily. That is the secret ingredient.

Sports Betting Business: Ah, I see. He no longer spends time on the items that cost time and money…he spends his time on what makes him money – recruiting players!
Wagner: Christ! Your brilliant! It typically takes a bookmaker or agent about 3 months to figure that out. But, you, like Paul Harris already figured it out. You recruit, and I will beat them. Therefore the only thing that matters is getting more clients. The more you get, the more you will make.

Sports Betting Business: Of course I get it. That’s the Las Vegas model. Build in an edge and then find as many people to bet against the edge as possible. It’s simple!
Wagner: You sure make it sound simple. But, most bookies are stuck in the mode of trying to ‘beat the players’. The fact is that all you have to do is get a new client or two every day and you will be a millionaire over night. Simply ask Paul Harris who is on campus at University Of Texas recruiting players on 6th Street right now.

Sports Betting Business: So how does a bookmaker or agent learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

Success With Price Per Head (Agent Success)

2005-06-17T07:57:00.000-07:00

Case Study in Agent Success via Use of Price Per Head (PPH) Software Written and Owned by V.O. Group, S.A., the most successful offshore sportsbook in Costa Rica.

Price Per Head vs. Dollywood Sportsbook

Featuring Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of being the most innovative operator in offshore gaming. His most recent innovation involves the direct attack upon the Onshore Bookmaking market via the unique value proposition of actually partnering with Bookmakers and Agents onshore (as opposed to attempting to steal their business). With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998. While most companies formed that late failed, V.O. Group, S.A. has become one of the top 10 operators offshore (as measured by AnteUp; Gambling Online Magazine; Poker Player Magazine; and Many other Publications).

Online Gambling: The ‘buzz’ in offshore gambling appears to be focusing on only two subjects as of late, including: Poker and Your Price Per Head Offering. What exactly is Price Per Head and Price Per Head Agency?
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years (local guy = agent or corner bookie). The reason this market exists is the personal relationship that an onshore bookie or agent has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however V.O. Group, S.A. has decided to take another tact. Via our Price Per Head software written by Matthew Wilson, we have been able to PARTNER with onshore bookies or agents with our Price Per Head Agency Relationship.

Online Gambling: OK. Be more specific. How does a Price Per Head Agency Relationship Work?
Wagner: Price Per Head Agency is based on the very fair and equitable agreement between an onshore bookie and an offshore bookmaker. The deal is based on the onshore bookie recruiting players and the offshore bookmaker setting lines, writing the business and handling all accounting for the onshore bookie. And, all the onshore bookie does is simply pay the offshore bookmaker an agreed upon price per head per week.

Online Gambling: So, opposed to paying the offshore bookmaker a percentage, they simply compensate them a fixed price.
Wagner: Absolutely. The fact is that offshore sportsbooks have been gouging the onshore bookie or agent for years. Our offering stops that action in it’s tracks.

Online Gambling: Gouging! That is a pretty strong comment. Can you back that up?
Wagner: Let me give you an example…and, you judge for yourself. The example of Jeff W. in San Jose, California comes to mind. Jeff contacted V.O. Group, S.A. in early October 2004 when he was writing 72 head of business making an average of 12 wagers a week of $152. Rather, his turnover per client was an average of $1,824.00 a week. Via his agreement with a sportsbook we will call Dollywood, he was splitting his earnings 50/50. Once he shifted the business through BettorsNet.com, he was paying $30 a head a week. So, would you call this gouging?

Online Gambling: Actually, the numbers sound good. But, I have to admit, I am not sure. Can you help me understand better?
Wagner: That is very good answer. Let me simply do the math for you to illustrate the facts, and then you will have a much clearer set of information to deal with. If your average player bets $1,824.00 a week on just straight bets, you should have a minimum hold of 4.5% (parlays, teasers and props have a MUCH HIGHER HOLD). So, that means you should make $82.08/person ($1,824.00 x 0.045). Then, multiply this by the number of head equals a theoretical earn of $5,909.76 ($82.08 x 72). So, this means he would make $2,954.88 per week and Dollywood would make $2,954.88 per week.

Online Gambling: Well, $2,954.88 per week sounds pretty strong if you ask me How does this compare to his using BettorsNet.com?
Wagner: When Jeff started using BettorsNet.com, we simply charge him $30 a head a week. Rather, $30 times $72 is $2,160.00, representing a savings of $794.88 a week, or $41,333.76 a year.

Online Gambling: So, by Jeff W. switching to V.O. Group, S.A. or BettorsNet.com he was able to make an extra $41,333.76 a year?
Wagner: No. Actually, he made $25,000 in the first three months because most of his players are far worse than the theoretical averages. Almost every one of his players bet a proposition or a teaser or a parlay at least once a week. And, holds on those bets are far greater than 4.5%. On top of that, his players also play in our racebook and casino losing much, much more than 4.5%.

Online Gambling: Oh, I see. If he would have used Dollywood, he would have simply split more profit with them. But, via BettorsNet.com, he was able to keep 100% of the extra earn because he had already compensated you for the $30/head.
Wagner: That is exactly correct. Jeff W. came down in January 2005 and I took him sail fishing. It is the first time I ever had a client pay my bill. Why? Because, and realize I am quoting here, Jeff states that I will make him an extra $100,000 this year alone.

Online Gambling: Wow! That is incredible. I bet large credit sportsbooks, like Dollywood, are quickly becoming unfavorable of your new product.
Wagner: Yes. They hate our new software offering! But, that is what you get when you take advantage of your clients or partners as they have. And, as far as I am concerned, credit shops with Agent Split Agreements have simply NOT been treating their partners fairly and now they will pay the bill.

Online Gambling: I must say, I agree that if your numbers are even close to correct, it appears that the credit shops that split the earn ARE GOUGING AGENTS AND ONSHORE BOOKMAKERS.
Wagner: Well, the facts speak for themselves. And, I am glad you see the facts for what they are.

Online Gambling: Is there ever a case where an onshore bookie or agent should opt for a split as opposed to a Price Per Head Agency agreement?
Wagner: Absolutely Yes. If you are starting up a new book, or if you need financial backing because you are not strong enough to support a losing week - then, you should opt for a split. The best way to judge this is simply look over your figures for the last year. Could you afford to pay out the worst week you had without going broke? If you answer yes – then, you should opt for PPH. If you could NOT afford to pay it, then you should opt for a split or not be in business at all.

Online Gambling: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

Article Note: Any assumption that “Dollywood” is related to “Hollywood Sportsbook” or “BetHollywood.com” or “BetAtHollywood” or “Hollywood International” is the assumption of the reader and not the responsibility of Gambling Online Magazine.

Innovation In Bookmaking

2005-06-14T07:40:00.001-07:00

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.

Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.
Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.

Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?
Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.

Vegas Offshore: I’m confused, please explain.
Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.

Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?
Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.

Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.
Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.

Vegas Offshore: Is the PPH product only based on sports wagering?
Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.

Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?
Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.

Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.
Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.

Vegas Offshore: Do you have any success stories to tell?
Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.

Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?
Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.

Vegas Offshore: How many bookmakers do you currently work with?
Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.

Vegas Offshore: So how does a bookmaker learn more about this?
Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

State of the Offshore Gaming Industry

2005-06-14T07:40:00.000-07:00

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of making one-dollar work like three in online marketing. With formidable competition, Mr. Wagner founded V.O. Group, S.A. in 1998 and has quickly risen to be one of the largest offshore operators in the world with over 50,000 active clients. We had an opportunity to catch up with Dalton Wagner on his last visit to Antigua.

Vegas Offshore: This year has been interesting for V.O. Group, S.A. and the offshore industry as a whole (advertising changes, etc.). How do you feel about the industry at the current time?
Wagner: I feel the industry is as strong as it has ever been. We are still finding that our advertising is bringing us new clients at an ever-growing rate. Some competitors are complaining that the crimp on advertising is affecting the industry, but we are not seeing this trend. Consolidation within the industry has begun, and I am sure you will continue to see smaller competitors gobbled up, and medium to larger companies merging. The weaker will go by the wayside.

Vegas Offshore: What about the rumors of V.O. Group, S.A. being bought?
Wagner: I am glad you used the term 'rumors'. The fact is that in July 2004 three suitors approached V.O. Group, S.A. because of our record-breaking profit year. In two of the cases we did see 'value' in a merger/relationship. However, at the end of the day, we could not come to terms that were agreeable on both sides. At this time V.O. Group, S.A. stands independent. And, we are happy being independent, profitable and growing.

Vegas Offshore: It is rumored that Bet On Sports (PLC; BSS.L) was one of the suitors. Is that true?
Wagner: There were three suitors that approached V.O. Group, S.A. And, in all cases confidentiality agreements were signed. For this reason, I cannot confirm or deny who any of the potential suitors were. What I can tell you is that one was a major sportsbook player, one was a major casino player and two were PLCs. I doubt that helps.

Vegas Offshore: Well, if Bet On Sports was involved, I bet you are happy you weren't involved in their November 24, 2004 stock debacle.
Wagner: The Bet On Sports stock debacle was an over-reaction by the market in my opinion. In one day you saw their stock drop 50% in value. And, the reason was poor performance in a very short period. If you looked at the other publicly held offshore gaming companies, you saw the same thing, just not as drastic as with BSS.L. Simply put, I know the founder of Bet On Sports, I know the management of Bet On Sports, I know the staff at Bet On Sports and I would not hesitate to invest in Bet On Sports. They were, and still are, undervalued in my opinion. They are a great competitor and a great company. I wish I had some of their stock at the new adjusted price. I just don't see how you can lose.

Vegas Offshore: It is rare to hear the 'competition' speaking so highly of a major competitor. Why would you do so?
Wagner: Simple. Bet On Sports is a great company. And, I am sure they would tell you the same about V.O. Group, S.A. The fact is, that there are companies out there that make our industry stronger. And, ones that make it weaker. Bet On Sports and V.O.Group, S.A. strive to make our industry stronger and more legitimate on a daily basis (as do BetCris.com; BoDog.com; etc.). What kind of ambassador for the industry would I be if I downplayed a 'good' competitor like Bet On Sports for my own benefit?

Vegas Offshore: If Bet On Sports did approach you, would you consider a merger?
Wagner: I like being independent. But, simply put, NEVER say NEVER.

Vegas Offshore: What of the rumors that you are looking at Panama as a potential relocation site?
Wagner: Our operation currently has offices in Costa Rica, Antigua and Belize. In Costa Rica we currently have over 400 employees. With employment costs in Costa Rica on the rise, the burden of Caja and the ever-changing political climate, we have looked at several alternative locations. One of the most desirable is/was Panama. However, due to the massive failure of BetPanAm.com and the political debacle involving their past gaming commission, we have decided to stay put for the current time. I think it is very safe to say that our primary location will be Costa Rica for the next 5 years. Pending any crazy licensing or governmental changes.

Vegas Offshore: I have visited your office in Antigua, however had no idea that you employed 400 individuals in Costa Rica. Why do you need such a large staff?
Wagner: Our industry has a reputation for being lazy and getting by on a shoestring budget. Most sportsbooks, casinos, racebooks and poker rooms answer phones when it is convenient and buy computers when the ones they are operating blow-up. Most are simply embarrassing to the legitimate operators. To run an operation like ours, servicing 50,000 bettors, you need lots of space, a 1st rate phone system, fiber and satellite phone and Internet backups, IT professionals, accounting professionals, etc. V.O. Group, S.A. is currently located in 35,000 square feet of space, operating 24-hours a day, 365 days a year, and we are busting at the seems. At the current time, we are negotiating to buy the building next to us for future expansion. I think we will employ 600 people come this same time next year.

Vegas Offshore: I have noticed that you are still branching into other products. How has this strategy worked for V.O. Group, S.A.?
Wagner: In 1998 we started with our sports product. We then branched into the casino product. In 2001 and 2002 we opened several major race books and poker rooms. The fact is that we are profitable in all products. However, our core product, and hub for our advertising, is focused on the sports product. The strategy has worked, but we will not desert our core product. You can look for our re-launch of interactive betting in early 2005 and bingo in mid 2005.

Vegas Offshore: What other changes do you see in 2005 for V.O. Group, S.A.
Wagner: I think you will see V.O. Group, S.A. work more on our Internet interface to make it more gamer-friendly; you will see our company move into land-based gaming; and you will see us acquire two or three smaller competitors. Rather, you will see what you have always seen, expansion.

Vegas Offshore: What other changes do you see in 2005 for the industry as a whole?
Wagner: The strong will get stronger. The weak will get weaker. And, the acquisition race will be on.

Bookmakers!

2005-03-14T15:01:00.000-08:00

Read Below To Earn More Cash Than Ever

Are you a onshore bookmaker that wants to Minimize Legal Exposure, Increase Potential Profits, Spend More Time Enjoying the Money You Are Making, and Grow Your Business Beyond Your Wildest Dreams? If you answered ‘YES’ to one or all of these questions, then you need to look at a Price Per Head Agent Relationship with our company.

The concept of a Price Per Head Agent Relationship is based on you, the onshore bookmaker, paying our company a service fee to offer the same services that we offer to thousands of clients (on an anonymous basis).

For the first time, you will be able to offer Internet and Phone access to Sports, Horse and Casino (2 casinos) wagering to all your current clients (via a simple PIN and PASSWORD betting system). No longer do you have to compete with offshore sportsbooks and lose clients. YOU WILL BE ABLE TO OFFER EVERYTHING THAT THEY OFFER!

We are Licensed to offer bookmaking services.

We have been in business for 7 years.

We write business for 15,000 clients daily.

We are open 24-hours a day, 7-days a week, 365 days a year.

We have over 500 operators standing by to make you money!

Take advantage of our $5,000,000 USD investment to make your services better than ever. No longer will you have to answer calls all Saturday and Sunday. No longer will you have to lose clients to the offshore bookmakers. No longer will you have to worry about having your door kicked in by the authorities. Now you can compete with the Big Boys! You will simply sit back, watch the games, and earn more than ever before.

To learn more, go to our website, and click on ‘Agents’. If you prefer to use a white-labeled site without bonus and promotional text, visit www.BettorsNet.com for more information.

We look forward to being your service provider.

Call 1-888-333-6914 for more information.

Innovation In Bookmaking

2005-03-14T13:37:00.000-08:00

Q & A with
Dalton Wagner, Founder V.O. Group, S.A.

As Founder and Proprietor of V.O. Group, S.A., Dalton Wagner has the reputation of ferreting out new markets and attacking while other companies sit on their hindquarters and watch. One market that has always eluded offshore bookmakers is the ‘guy who likes dealing with his credit bookmaker’. Typically this market has been untouchable for the offshore bookmaker, but NOT for Dalton and V.O. Group, S.A. We had an opportunity to catch up with Dalton Wagner on his last visit to Panama.

Vegas Offshore: Tell us about this new product that you are calling your Price Per Head Agency Relationship.

Wagner: As you know, one market that a post-up sportsbook has historically been unable to attack is the huge market of bettors that have been betting with their local guy for years. The reason this market exists is the personal relationship that an onshore bookie has with his clients. Sportsbooks have attempted to educate the player and lure him away from the local bookie, however we have taken another tact. We have partnered with local bookies around the world to make their offering better and more valuable.

Vegas Offshore: So instead of attacking the local guy, you actually approach him with your offer?

Wagner: Exactly. The fact is that the relationship is the last thread holding clients to a local guy. Yes, there is the fact that the local guy extends credit, but with bonuses and promotions we can overcome that offering. The key is the relationship.

Vegas Offshore: I’m confused, please explain.

Wagner: As you know, the onshore bookmaking market has lost steam to the offshore providers like V.O. Group, S.A. The reason is that the offerings that I can provide are far superior to those that any onshore bookmaker can offer. The PPH concept is based on allowing the onshore bookmaker to provide his clients my offerings on a purely anonymous basis via an online automated tool. Rather, by signing up with my PPH service, an onshore bookmaker can compete with all offshore sportsbooks on equal footing offering 24-hour wagering, 365 days a year. All the bookmaker does is use an online system to assign PINs and PASSWORDs and pay me a small fee per week for the service.

Vegas Offshore: Wait a minute. So, this means that a small time operator in Cleveland, Ohio can offer all the same things that V.O. Group, S.A. does without making the multi-million dollar investment?

Wagner: Now your catching on. For as little as $25 per head per week, a guy in Ohio can compete with the biggest sportsbooks in the world. And, better yet, never answer another wagering phone call again.

Vegas Offshore: OK, I get it. They use your automated tool to drive their clients to your software online, and they simply pick up the figures at the end of the week.

Wagner: Exactly correct with one exception. Their clients can bet on the phone via our call center staffed with 250 people OR bet online. Again, they have access to all of the offerings V.O. Group, S.A. provides including call center access, client services and technical support.

Vegas Offshore: Is the PPH product only based on sports wagering?

Wagner: Very good question. The answer is no. We actually have the ability to offer clients two (2) casino products including blackjack, baccarat, slots, 3 card poker, roulette, etc. And, clients may also bet on horses at over 350 tracks worldwide.

Vegas Offshore: Wow! That truly is incredible. So, a bookie that has one client can compete with the likes of MVPsportsbook.com on equal footing?

Wagner: Exactly correct. But, there are two keys to the success of the product launch. The first is being able to compete head to head with the biggest sportsbooks in the world. But, arguably the most important factor is that since the onshore bookie no longer has to answer phones or track plays, he can spend all of his time picking up new clients, NOT writing bets.

Vegas Offshore: I remember that in a prior interview you had stated that the key is not winning, but finding more losers.

Wagner: An embarrassing quote, but true. Amateur bookmakers think that the key is to beat the clients you have. That is a huge mistake. The key to getting rich as a bookmaker is finding a new client every single day of the year. The numbers take care of themselves, the key is to get more and more people playing. That is the TRUE BEAUTY of the PPH software and agency relationship.

Vegas Offshore: Do you have any success stories to tell?

Wagner: I have many, but will tell you one that emphasizes what the PPH program can do. I have a bookmaker that has been working out of San Antonio, Texas for 10 years. The guy has historically made $200,000 a year from his 25 or 30 players. He was introduced to our product in July 2004, and today he is writing over 185 clients. The ability to outsource answering calls and writing tickets to us has allowed him to grow his business 600% and his revenue over 1000%.

Vegas Offshore: Why did his revenue grow more than his business? Is it because your lines are sharper than his?

Wagner: There you go again. That is the obvious mistake that everyone makes. Again, don’t worry about beating the clients. Worry about getting more clients to play. But, to answer your question directly, the ability for his clients to play in the casino, play 24 hours a day, play games/halves/quarters, props, etc. is where the extra revenue comes from. Our lines might be sharper, but the advantage is more clients betting more often.

Vegas Offshore: How many bookmakers do you currently work with?

Wagner: We are writing business for over 250 bookmakers now. Some represent groups as small as 2 or 3; and others represent groups as large as 500. Again, remember the key is finding as many clients as possible. If you get to where you are writing 15 clients or more, it is almost impossible to lose for an extended period of time.

Vegas Offshore: So how does a bookmaker learn more about this?

Wagner: Simply go to any of the V.O. Group, S.A. sites to learn more. I suggest starting at www.BettorsNet.com or calling 1-877-512-1001 or emailing agents@bettorsnet.com to get more information.

Rules For Playing Roulette Live Casino

2005-03-11T14:02:00.000-08:00

The Table Basics

Roulette has been played since the 17th century, and emanates sophistication and elegance. This game of pure chance is filled with suspense, while hopeful players eagerly wait for the roulette wheel to stop and allow the ball to rest on their chosen numbers. As luck would have it, roulette is easy to learn! Your simple objective as player is to predict the ball's final resting-place when the wheel stops spinning. The roulette wheel at Gold Club consists of 36 numbers plus zero and double-zero. Your wager on the roulette table can be placed on a single number, or be used to cover 2, 3, 4, 5, 6, 12, or up to 18 different numbers during one spin. Here is a summary of the different roulette bets:

Straight Up

This is a wager on a single number, including zero (0) and double-zero (00). If the ball stops at your number, your bet pays 35 to 1.

Split Bet

This is a wager on two adjacent numbers in the roulette table, which is placed on the line dividing the two numbers. If the ball stops at either number, your bet pays 17 to 1.

Street Bet

Street bets cover three numbers. The chip is placed on the outer right boundary line of the roulette table, next to the corresponding row of three numbers. If either number hits, the street bet pays 11 to 1.

Corner Bet

Corner bets cover four numbers. The chip is placed on the cross where the four numbers intersect. If any of the four numbers hit, your corner bet pays 8 to 1.

Five Bet

This bet covers the following numbers: 0, 00, 1, 2 and 3. The chip is placed on the outer right boundary line of the roulette table, between 00 and 3. If either number hits, your five bet pays 6 to 1.

Line Bet

A line bet covers the six different numbers in two rows of three numbers. For example: 4,5,6 plus 7,8,9). The chip is placed on outer right boundary line of the roulette table, where it is intersected by the line dividing the two rows. If any of the six numbers hit, your line bet pays 5 to 1.

Column Bet

On the short side of the roulette table are three boxes marked "2 to 1." By placing your chip in one of these boxes, you mark all twelve numbers above it (0 and 00 excluded). If the ball stops at either of these numbers, your bet pays 2 to 1.

Dozen Bet

You can bet on a group of twelve numbers by placing your chip in one of the three boxes marked "1st 12,"index.html"2nd 12," or "3rd 12." A winning dozen bet pays 2 to 1.

Red/Black, Even/Odd, Low/High Bets

A bet placed in one of the boxes on the left, long side of the table covers half of the roulette numbers (excluding zero and double zero). Each box covers 18 numbers. These bets pay even money, 1 to 1.

Where She Stops...Nobody Knows! Keep this important fact in mind when you're seated at the roulette table.

The most important way to walk away from the roulette table as a winner is to budget your money, and know when it's time to take your winnings and run! By scattering your bets on the roulette table, you will increase your odds of winning more in the long run. Instead of betting a stack of chips straight up on your lucky number 11, place only one chip straight up on 11, and use the rest to place corner bets. If you win, use winnings to increase your bets. If you lose, go back to the minimum bet.

Set aside a small portion of your total gambling till for wild impulse bets. If that lucky 11 has come up two spins in a row, and you aredetermined to place a bundle straight up on 11 during the next spin (even though your rationale is faulty), use your impulse betting till. If you lose, you will only lose a portion of your stake and can use the rest to place wiser bets.

Now go for a spin, and enjoy the suspense and thrill of roulette! Live Casino

Craps Glossary live casino

2005-01-24T15:43:00.000-08:00

Craps Glossary
live casino
Aces : betting that the next roll will be the total sum of 2
Any craps : a bet that the next roll will be 2, 3, or 12. This bet pays 7:1 and has a house edge of 11.1%.
3-way craps : a bet made in units of 3 with one unit on 2, one unit on 3, and one unit on 12. This is a horn bet without the bet on 11.
Any seven : a bet that the next roll will be 7. This bet pays 4:1 and has a house edge of 16.7%.
Backline : same as Don't Pass Line
Big 6 : a bet that a 6 will be rolled before a 7 comes up. This bet pays even money, and has a house edge of 9.1%. A place bet on 6 pays 7:6 but is identical otherwise. The place bet is preferred, having a house edge of 1.5%
Big 8 : a bet that an 8 will be rolled before a 7 comes up. This bet pays even money, and has a house edge of 9.1%. A place bet on 8 pays 7:6 but is identical otherwise. The place bet is preferred, having a house edge of 1.5%
Big Red : placing a bet on Any Seven
Bones : another name for dice.
Boxcars : betting on the 12.
Broke Money : transportation money given to the broke player by the casino.
Buffalo : placing a bet on each of the Hard way and Any Seven.
Buy bet : giving the house a 5% commission in order to be paid correct odds for a place bet. The buy bets on 4 and 10 allow the player to reduce the house edge from 6.67% to 4% on these bets. Some casinos collect the commission only on winning bets, while others collect it at the time the bet is made.
Capped Dice : crooked dice
Cold Table : when shooters are not making their Points.
Come bet : a "virtual pass line bet"; a bet made after the come out roll but in other respects exactly like a pass line bet.
Come out roll : the first roll of the dice in a betting round is called the "come out" roll. Pass bets win when the come out roll is 7 or 11, while pass bets lose when the come out roll is 2, 3, or 12. Don't bets lose when the come out roll is 7 or 11, and don't bets win when the come out roll is 2 or 3. Don't bets tie when the come out roll is 12 (2 in some casinos; the "bar" roll on the layout indicates which roll is treated as a tie).
Crap : the numbers 2,3 and 12
Craps : the game or the dice.
Crap Out : the numbers 2,3 or 12 on the first roll.
Don't come bet : A "virtual don't pass bet"; a bet made after the come out roll.
Don't pass bet : a bet that the dice will not pass. This bet can be placed only immediately before a "come out" roll. One result (either the 2 or the 12, depending on the casino) will result in a push. House edge on these bets is 1.40%. A Don't Pass bet can be taken down, but not increased, after the come-out roll.
Double odds : an odd bet that is about twice as large as the original pass/come bet. Some casinos offer higher odds, such as 5X or even 10X odds.
Field bet : a bet that the next roll would be 2, 3, 4, 9, 10, 11, or 12. This bet pays even money for 3, 4, 9, 10, and 11, and usually pays 2:1 for 2 or 12. Some casinos pay 3:1 for either the 2 or 12 (but not both), and some casinos may make the 5 instead of the 9 a field roll.
Hard way : a bet on 4, 6, 8, or 10 that wins only if the dice show the same face; e.g., "hard 8" occurs when each die shows a four.
Hop bet : a bet that the next roll will result in one particular combination of the dice, such as 2-2 (called a "hopping hard way") or 3-5. 2-2, 3-3, 4-4, and 5-5 are paid the same as a one-roll 2; other hop bets are paid the same as a one-roll 11.
Horn bet : a bet that the next roll will be 2, 3, 11, or 12, made in multiples of 4, with one unit on each of the numbers.
Horn high bet : a bet made in multiples of 5 with one unit on 3 of the horn numbers, and two units on the "high" number (number 12). "$5 horn high eleven": $1 each on 2, 3, 12, and $2 on the 11.
Insurance bet : Two or more wagers made at a crap table in an attempt to insure one or the other.
Lay bet : a bet that a particular number (4,5,6,8,9, or 10) will NOT be rolled before a 7 comes up. The casino takes 5% of the winnings on these bets. The 5% commission is usually taken up front, but some casinos take the commission after the bet wins.
Lay odds : after a point has been established, the don't pass bettor can place an additional odds bet that will win if the original don't pass bet wins. The odds bet is paid at the correct odds for the point, and is a fair bet with no house edge. This also applies to a don't come bet. Making this bets is referred to "laying the odds" for your don't bet.
Line bet : a bet on the "pass line" or the "don't pass line" is called a "line" bet. These bets are placed at the beginning of the game, before the "come out" roll. The shooter is required to make a line bet in order to shoot the dice.
Little Joe : a pair of twos or Hard 4.
Midnight : betting on the number 12 to appear on the next roll.
Odds off : an odd bets that are "not working". Odds bets can be called "off" by the player at any time, but are left on the felt until the bet is resolved. Also, come odds bets are usually "off" during the come out roll, unless the bettor asks to have the odds bets "working". Come odd bets that are "off" will be returned to the player if the line bet loses on the come out roll. Don't come odds generally work on the come-out roll.
Pass bet : a bet that the dice will pass, also known as a "pass line" bet. This bet is generally placed immediately before a "come out" roll, although you can make or increase this bet at any time. House edge on this bets is 1.41%.
Parley : leaving your winnings in action.
Place bet : a bet that a particular number (4, 5, 6, 8, 9, or 10) will be rolled before a 7 comes up. These bets are paid at slightly less than correct odds, giving the house an edge of 1.52% on 6/8, 4% on 5/9, and 6.67% on 4/10.
Lay bet : a bet that a 7 will be rolled before the number you are placing (4,5,6,8,9, or 10) comes up. The casino requires you to lay slightly more than the correct odds, giving the house an edge of 3.03% on 4/10, 2.5% on 5/9, and 1.82% on 6/8.
Point : if a 4, 5, 6, 8, 9, or 10 is rolled on the come out roll, then this number becomes the "point". The shooter must roll the point again, before rolling a seven, in order for the dice to "pass". A "come point" is just the number that is serving as a point for a come bet.
Right bettor : a player who bets that the dice will pass.
Single odds : an odd bet that is about as large as the original pass/come bet. Some casinos allow "double odds", or even larger odds bets.
Snake Eyes : betting on the number 2.
Vigs (vigorish) : house commissions taken on a particular bet (like the IRS).
Working bets : that are "live" (i.e., can be resolved with the next roll) are said to be working. Generally, place bets, buy/lay bets, and come odds bets do not work on the come-out unless you tell the dealers to "make them work." All other bets (e.g., Hard way) work unless you call them "off" (i.e., tell the dealers you do not want them to "work").
Whirl bet : a bet that the next roll will be 2, 3, 7, 11, or 12, made in multiples of 5, with one unit on each of the numbers.
Wrong bettor : a player who bets that the dice will not pass.

Baccarat Rules live casino

2005-01-24T11:14:00.000-08:00

Baccarat Rules
live casino

THE GAME

It is played with eight complete decks of cards. The cards are shuffled by the dealer or "croupier," and then reshuffled and placed in a special box called the "shoe." The game is played by set rules outlined below. There is no option in the game on drawing or standing. The object of the game is to come as close to the number nine as possible. Face cards and tens, or any combination of cards totaling ten, count as nothing. The ace is counted as one, the deuce is two, etc. The player with the "shoe" is considered the banker. He may place his bet either with the bank or with the players. The words "bank" and "players" are used as terminology for the game.

TO PLAY

A player will place a wager on which of two hands (the "Player" or the "Banker") will have a total point closest to 9. Each hand will receive at least two cards but no more than three. Baccarat is played with eight decks of cards. The first and third cards dealt from the shoe constitute the "Player's" hand, and the second and forth cards constitute the "Banker's" hand. Face cards and tens count as 0; Aces count as 1, and all other cards count as face value. If required, a third card is dealt to each hand according to specific rules outlined in the chart below. If the point value of the first two cards drawn for either hand is 8 or 9, that is known as a "Natural" and no additional cards will be drawn. The hand with the highest point total closest to nine wins. Winning bets are paid even money. However, a winning "Banker" bet pays a 5% commission which is withheld from winnings after each such bet. If both hands result in identical totals, the "Tie" bet wins, paying 8 to 1. When a "Tie" occurs, all bets on the "Player" and the "Banker" are neither paid nor taken.

THE RULES (Player)

When the first two cards total:
1, 2, 3, 4, 5, 0	DRAW
6, 7	STANDS
8, 9	STANDS (natural)

THE RULES (Bank)

Banker Having	Draws When Player's Third Card is:	Does not Draw When the Player's Third Card is:
3	1-2-3-4-5-6-7-9-0	8
4	2-3-4-5-6-7	1-8-9-0
5	4-5-6-7	1-2-3-8-9-0
6	6-7	1-2-3-4-5-8-9-0
7		Stands
8-9		Natural Stands

When the player stands on 6 or 7, the Banker must draw on totals of 0,1,2,3,4, and 5, and stand on 6,7,8 and 9. The Banker must draw on totals of 0,1 or 2, then observe the rules for Banker.

Let It Ride Poker Rules live casino

2005-01-24T07:21:00.000-08:00

Let It Ride Poker Rules
live casino
Let It Ride is based on five card stud poker. In this game, you are not playing against any other players or the house. It is simply you against Lady Luck.
The player places three equal bets in front of him. Most casinos require each of the three bets to be at least $5 but some offer lower limits. Some casinos also offer a bonus payout that you can bet $1 to play. The bonus payout will be explained in more detail later.
Each player and the dealer receives 3 cards face down. The dealer immediately discards one of his three cards. He does not look at the card before discarding it so he has no say on which one is removed. Once all of the cards have been dealt, the players can pick up their cards. After looking at your first 3 cards, you may ask for your first bet back or "Let It Ride". If you don't think you are going to have a winning hand, you ask for your first bet back by dragging your cards on the table the same way as if you were taking a hit in Blackjack. The dealer will then give you back one of your three bets. The money you are given back is now not a part of the bet you are making. In other words, if you end up having a losing hand, you don't lose the money you were just given back. And, if you end up having a winning hand, you are not paid on the bet you just took back. If you think you will have a winning hand, you would slide your cards face down under your bet. That bet that you left on the table will stay there for the remainder of the hand.
After every player has been given the option to "Let It Ride" or take it back, the dealer flips up one of his 2 cards. All of the players at the table are now using the dealers up card, along with their 3 original cards, to try to make a good hand. The process then repeats - You can either "Let It Ride" or take it back. If you think you are going to end up with a winning hand, you would "Let It Ride". If not, take it back. Whichever decision you make, it does not affect the decision you made on the first bet. In other words, if you let the first bet ride because you thought you would have a winning hand and now you don't think you will have a winner, you can pull back your 2nd bet but the first one has to stay on the table.
Once you have made a decision on the second bet, and either have decided to "Let It Ride" or pulled it back, you must tuck your cards under your remaining bet(s). Of course, if you want to take back your second bet, make sure the dealer gives it to you before you tuck your cards. Otherwise he will think you want to "Let It Ride" and won't give you the money back. Once you tuck the cards this time, you can't touch them for the remainder of the game.
The dealer then flips his second card face up. Now all players are using his 2 up cards, along with their 3 original cards, to try to make a good hand. If you have a winner (Pair of 10's or better), you win and are paid based on the bets you have left on the table. (If you let all bets ride, you will be paid on all 3 bets. If you pulled back the first one but let the second one ride, you will only be paid on 2 bets since you pulled the first one out of the game. Of course, if you pulled the first two bets back and then discovered you have a winning hand, you will only be paid on the 1 remaining bet.) If you don't have a winner, the dealer takes all of the bets left on the table. Since you made 3 bets originally, and you were given 2 chances to pull back, you will always have at least 1 bet left on the table.
The payout table for Let It Ride is shown below. Before playing, check the payout table of the casino you wish to play at to make sure you understand their payouts. The payout table is printed on the table felt in front of every player.
Hand
Payoff
Pair of 10's or Better
1 to 1
Two Pair
2 to 1
Three of a Kind
3 to 1
Straight
5 to 1
Flush
8 to 1
Full House
11 to 1
Four of a Kind
50 to 1
Straight Flush
200 to 1
Royal Flush
1,000 to 1
As mentioned earlier, some casinos also allow players to bet an extra $1 to play for a bonus payout. If the casino you are playing at offers this, they will have a red circle just above where you place your 3 bets. If you place $1 there when you place your 3 bets, you will be playing for a bonus payoff in addition to a regular payout for your initial 3 bets. The typical bonus payouts are shown below but can be different from casino to casino. If the casino you are playing at offers the bonus payout bet, they will print their bonus payout schedule on the table felt next to the standard payout table. If you have a hand that is listed in the bonus payout table below, you will be paid for your 1 - 3 standard bets, using the regular payout table, plus the bonus amount listed below. If you don't bet the $1, you only will be paid for your 1 - 3 standard bets using the regular payout table. If you bet the $1, you are not given an opportunity to pull it back. It has to remain in play for the entire game.
Hand
Bonus Payoffs - Varies
Pair of 10's or Better
$0
Two Pair
$6 or $0
Three of a Kind
$9 or $5
Straight
$25
Flush
$50
Full House
$200 or $75
Four of a Kind
$400 or $100
Straight Flush
$2,500 or $1,000
Royal Flush
$25,000 or $20,000
Finally, if you are curious as to what the odds are that you will hit a specific hand in Let It Ride, they are:
Hand
Probability (X out of Y Hands)
No Winner (Less Than a Pair of 10's)
10 / 13
10's or Better
1 / 6
Two Pair
1 / 21
Three of a Kind
1 / 47
Straight
1 / 255
Flush
1 / 508
Full House
1 / 694
Four of a Kind
1 / 4,165
Straight Flush
1 / 72,193
Royal Flush
1 / 649,740

BlackJack Betting Systems live casino

2005-01-21T15:13:00.000-08:00

BlackJack Betting Systems
The Martingale System live casino

This system, which was invented over 200 years ago, instructs the player to double his bet each time he loses, on the assumption that he will eventually win and show a profit from the initial wager.

With a beginning wager of $5.00 you would double your wager with each loss. IE: $5, $10, $20, $40 $80, etc. After a win your wager would drop back to $5.00. All wagers are recovered when you win a hand.

Casinos have table limits to eliminate the effectiveness of this system. After a long losing streak you will eventually hit the table maximum, thus defeating the purpose of this system. Plus, a considerable amount of bankroll is needed to make this system work, and the payoffs simply aren't worth it.

If you started with a $5 dollar wager and lost your first four wagers and won your fifth, (without double downs or splitting your cards) you would be a measly 5 dollars ahead. This is simply not worth it, and if you are losing multiple hands in a row it is time to leave the table, not double your wagers. Also, losing double downs or splits can deplete your bankroll in a big hurry.

Progressive Betting System - 2 Level
This is the simplest betting system to use and still effective. To use this system simply decide on a minimum and maximum bet. Then bet the smaller amount after a loss and the larger amount after a win. For example, say you set your minimum bet at $5 and your maximum at $15.

Start with a $5 dollar bet. If you win that hand you bet $15 your next wager. You then continue to bet $15 until you lose. After any loss you return to your minimum bet of $5. This is a basic, put solid progressive betting system.

Progressive Betting System - 5 Level
This is another simple, yet effective system, based on a 1,2,3,5 back to 1 progression. Example: For a $5 player, the betting levels would be $5,10,15, and 25. With this system you start with your $5 bet and progress to the next level when you win a hand.

If you lose a hand you drop back down to your original $5 wager. If you win four hands in a row you should then drop back down to your original $5 wager, hence the 1,2,3,5 back to 1 progression.

This system is rewarding when you experience winning streaks but still doesn't kill you with losing streaks. Lets say you lose your first three hands and then win your next three. Assuming a starting wager of $5 you would be ahead $15 at the end of six hands. If you were betting an equal amount on each had you would be even.

Casino Gambling Glossary live casino

2005-01-21T10:16:00.000-08:00

Casino Gambling Glossary
Action: The amount of money wagered by a player during an entire playing session live casino.
All-in: with all-in betting there are no refunds given for scratched or withdrawn
competitors or teams in an event where a bet is placed. Should an event be cancelled
then the amount bet will be refunded.
All up: This involves picking the winners of more than one event. A single wager
amount is placed on more than one outcome, whereby the stake and winnings of the
first selection will be rolled over into the second selection and so on.
Anchor Man: The player betting on the last box on the blackjack table and making
the final decision, therefore anchoring the game.
Ante: Usually in poker, a term used for the first money wagered on a hand.
Any Craps: A one-roll dice bet covering the 2, 3, or 12.
Any Seven: A one-roll dice bet covering any 7.
Audition: A casino test to determine if a dealer will be hired. Can be conducted on a
live game.
Baccarat: A card game where the winning hand totals closest to 9 discounting all
units of 10. Originating from the game, Chemin de Fer.
Back Line: See Don’t Pass Line.
Bag: An English casino term for thousand, e.g., 5 bag = 5 thousand.
Bankroll: The amount of money a player has for one gaming session.
Bar the 12: Makes the 12 a push on the Don’t Pass Bar.
Base: Area on the dice table where the majority of bets are made and paid.
Base Dealer: Dice dealer in charge of one of the bases.
Basic Strategy: The mathematically correct way to play blackjack.
Betting Limits: The minimum and maximum that can be wagered on one bet.
Betting Right: Betting on the Pass Line or with the shooter.
Betting Wrong: Betting on the Don’t Pass or against the shooter.
Blackjack: A card game where players try to beat the dealer by getting closest to 21
without going over.
Blackjack: A hand whose first two cards total 21.
Book: To accept a bet.
Box: Area of the dice table controlled by the boxman.
Boxman: The casino employee in charge of the craps table. The boxman sits
between the base dealers.
Break: To exceed 21.
Burn Card: Any card placed in the discard rack without being entered into play.
Bust: See Break.
Call Bet: A bet made verbally.
Card Counting: A system to keep track of the percentage of high cards to low cards.
Used in blackjack to gain an advantage over the house.
Caribbean Stud: A five-card poker game with all players playing against the house.
Change Color: Exchange one-color denomination casino chip for another. All
denomination casino chips are different colors.
Chip: Name given to the tokens used at the gaming tables.
Check: See Chip.
Color Up/Out: Exchange smaller denomination chips for larger denomination chips.
Come Bet: A wager placed on the Come Line. Same as rules as the Pass Line, but
placed after the point has been established.
Come Line: Area on the craps table where Come Bets are placed.
Come-Out Roll: The first roll of the dice or the first roll after a point has been made.
This roll establishes the point.
Crap Out: Rolling a Crap (2, 3, or 12) on the come-out roll.
Craps: Dice term for 2, 3, and 12.
Crew: Dice/Craps dealers assigned to the game.
Croupier: Term mainly used when referring to roulette and sometimes baccarat
dealers.
Cut: To divide the deck into two parts.
Cut Card: A hard plastic card used to cut the deck.
Dealer: A casino employee who deals the various games.
Dividend: means the agreed payout or return on any bet.
Discard Rack: Area of the table where the used cards are placed.
Don’t Come Bet: A bet placed on the Don’t Come Bar. Same rules as the Don’t Pass
Line, except placed after the come-out roll.
Don’t Pass Bet: A wager placed prior to the Come-Out Roll that a seven will be rolled
before a point is repeated.
Don’t Pass Line: The area on the layout where Don’t Pass Bets are placed.
Double Up: To increase a wager after the first two cards are drawn.
Draw: Where competitors in an event finish evenly. Where there is a draw and this is
not offered as a betting option, the return will be divided by the number of joint
winners.
Edge: The casino’s advantage.
Even Money: When the player has a blackjack and the dealer has an ace showing, a
payout offered before the hole card is checked. Pays 1-1 instead of 3-2.
Even-Money: A payoff of 1-1.
Face Cards: The king, queen, or jack of each suite.
First Base: The first seat nearest the shoe.
Float: The table bank.
Floorman: A casino employee who is part of the management team.
Front Line: See Pass Line.
George: A good tipper.
Head to Head: Select the team, or player, you believe will win the game or an event.
Hit: To take another card.
Hole Card: The dealer's face-down card.
Horn Bet: A one-roll bet that combines the 2, 3, 11, and 12.
Insurance: A side bet that the dealer has a blackjack. It’s offered when the dealer's
upcard is an ace. If the dealer has a blackjack, the bet is paid 2-1. If the dealer does
not, the insurance bet loses.
Let it Ride: A poker game.
Lumpy: A break-in dealer. Called this because their dealing is not smooth.
Monkey: Chinese term used in casinos for a card valued at ten.
Monkey: $500.
Nickels: $5 chips.
Non-negotiable: A promotional chip which can’t be exchanged for cash.
Odds: Chances of winning expressed in dollar (monetary) terms.
Odds Against: The odds when you will win more than double your money. E.g. for a
$1 stake the dividend would be anything more than $2.
Off: Term meaning that bets are not working.
One-Roll Bets: Wagers that will win or lose depending on the next roll of the dice.
Pallette: The flat paddle used on the baccarat tables to scoop the cards.
Pass-Line Bet: A wager made prior to the come-out roll that a point will repeat.
Pass Line: The area where a Pass-Line Bet is placed.
Player: A casino patron.
Point: Dice term for the number rolled on the come-out roll if a 4, 5, 6, 8, 9 or 10. The
point has to be repeated before a seven rolls for the Pass Line bets to win.
Press: Increasing a bet by double.
Proposition Bet: Dice bets on number combinations.
Punter: A casino player.
Push: When the dealer and the player have hands with the same total. No one wins or
loses.
Quarters: $25 chips.
Right Bettor: A person betting on the Pass Line.
Seven-Out: Rolling a seven after the point has been established.
Shill: A person employed by the casino as a game starter.
Shoe: Name given to the box in which the dealer places the freshly shuffled cards.
Each hand is then dealt from the shoe.
Shooter: The person rolling the dice.
Soft Hand: Any blackjack hand that contains an ace valued at eleven.
Sportsbook: A collection of all the bets taken on a fixed odds betting event
Stand: To not take any more cards.
Stake: The amount of money that is bet.
Stickman: The dice dealer who calls the numbers rolled and controls the stick.
Stud Poker: Poker game with no draw.
Surrender: To give up half the wager before the hand is complete.
Table Test: See Audition.
Tip: Gratuity.
Toke: See Tip.
Token: The casino coins used to play slot machines.
Upcard: The dealer’s exposed card.
Whale: A high roller; big spender.
Working: A dice term meaning that the bets are in play.
World Bet: A one-roll dice bet on the horn including the seven.
Wrong Bettor: A dice player who bets on the Don’t Pass Line.

Roulette Winning Strategy live casino

2005-01-20T14:58:00.000-08:00

Roulette Winning Strategy
Like we have mentioned in previous articles, the house has the advantage when it comes to roulette. The secret is to leave the table while you are ahead; easier said than done, I know, but statistically speaking if you are beating the table, eventually you will lose your money back. The house has a +5% advantage on every spin of the wheel don't forget.

A few tips to get started? Play for fun to begin with. There is absolutely no point in playing with real money until you are comfortable with the different types of bets and payoffs in roulette. You should probably expect to put in a good 8 - 10 hours of practise before you graduate into playing with real money.

Print out the odds associated with each different type of bet. Go through this list and commit the list to memory. Read everything that you can on the game of roulette in live casino.

Read every article in our Articles section, and read every page on this site. It will enhance your playing skills immensely.

Unlike a game like blackjack or poker, the only involvement that a player has is in placing his bet and watching as the dealer spins the ball. There are no "tells" like in poker, or no counting of the cards like in blackjack. You are completely at the mercy of the dealer (or "croupier" as they are called).

The first thing you should do, in order to improve your odds, is to seek out a European roulette wheel. There is one less number, so that odds of you winning are slightly greater. Over a full night of roulette, this will prove to be a big advantage to you, as the house % edge is reduced by a couple of %.

So, in recap: knowledge of the different kinds of roulette tables, knowledge of the odds and different types of bets is the greatest advantage that a roulette player can give themselves.

Live Casino American vs. European Roulette

2005-01-20T10:02:00.000-08:00

American vs. European Roulette
We get asked all the time. "What's the difference between an American and a European roulette wheel?" An American roulette wheel has an extra slot; 00. A European roulette wheel has the numbers 1-36, plus a slot for zero. This extra slot on the American wheel means that the odds of winning are slightly worse on an American wheel.

On both wheels, you may think that there is no rhyme or reason as to how the numbers are arranged, but there is; the numbers are arranged this way so that the odds of landing on high, odd, low or even numbers are evenly distributed. The zero and double zero numbers are in green and on opposite sides of the wheel, the colors and odd/even numbers alternate, and the numbers themselves are randomly distributed. Live Casino

live casino universe

2005-01-05T06:39:00.000-08:00

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Poker was up 11% over the past week, and holiday

2005-01-03T13:37:00.000-08:00

Poker was up 11% over the past week, and holiday
http://buzz.yahoo.com/buzz_log/entry/2005/01/03/0400/

great Live casino

2005-01-03T09:48:00.000-08:00

My first post at Live casino