• Betting It All On A Single Spin

LOS ANGELES (Reuters) - A British man who has sold all his possessions, including his clothes, will stand in a rented tuxedo on Sunday and bet everything on a single spin of the roulette wheel. If he wins, he doubles his money. If he loses, he will be left with only the television crew documenting his every move. Ashley Revell, a 32-year-old Londoner, said he was worth about £75,000 ($138,000) after he sold everything in March. "I thought I was worth at least £100,000," he said in a telephone interview from Las Vegas, where he is putting in a week gambling about $3,000 in a bid to raise his pot. By Wednesday, he was down $1,000. [...]

> Read the full story here Source : CNN.com

• The UK Joint Scrutiny Committee Speaks

England's Joint Scrutiny Committee for the draft Gambling Bill today delivered a 306-page report of its findings to Parliament. Though the committee has made 139 suggestions as to how to improve the bill, it maintains that the bill is not fundamentally flawed and therefore urges the government to introduce the bill into the current legislation as soon as possible. The committee embraces the opportunity to regulate remote gaming and to begin administering licenses. It also welcomes betting exchanges, but advises the government that professional punters should be distinguished from others and then levied accordingly. Before writing its report, the committee examined the clauses of the gambling bill, the bulk of which were published Nov. 19, 2003, with two other sets being published Feb. 5, 2004 and March 12, 2004. The committee also took written evidence from 170 parties with an interest in the bill and held 17 sessions to hear oral evidence between December 2003 and March 2004. After its thorough investigation of the bill's clauses and the evidence of the various concerned parties, the committee wrote its detailed report. [...]

> Read the full story here Source : IGamingNews.com

• Is Talking About Online Gambling Illegal?

If you like to gamble, you might want to check out www.888.com, where you can play blackjack, poker, craps, slots and roulette. If you prefer sports betting, try www.betonsports.com. According to the U.S. Justice Department, I may have just committed a felony. Federal prosecutors say helping Americans find online casinos or sports betting operations could amount to "aiding and abetting" illegal gambling, a crime punishable by up to two years in prison. Last June, Deputy Assistant Attorney General John G. Malcolm sent a letter to media trade groups warning that their members could be breaking the law by accepting ads for gambling sites. Meanwhile, Raymond W. Gruender, the U.S. attorney for the Eastern District of Missouri, has convened a grand jury in St. Louis that is issuing subpoenas to companies that do business with the online gambling industry. This campaign of intimidation already has yielded results. Since last fall several media companies, including Infinity Broadcasting, Viacom Outdoor, Discovery Networks, and Clear Channel Communications, have stopped running ads for online casinos and betting services. This month Google and Yahoo!, two of the most widely used Web search engines, also caved. Although Google was vague about its motivation, Yahoo! said "a lack of clarity in the environment" makes gambling ads "too risky." These companies have surrendered their First Amendment rights without a fight, allowing the government to silence speech it doesn't like by floating a legal theory that almost certainly would fail if it were tested in court. Their capitulation illustrates the chilling effect of vague laws in the hands of ambitious prosecutors. [...]

> Read the full story here Source : TownHall.com

• How Easy Is It To Win What At Three-Card Poker Game?

Three-card poker has gained a loyal following in a relatively short time span - in part, because solid citizens think it's easy to win big. The most common way the game is being spread requires equal bets on "pair plus" and "ante." Players each receive three cards, which they grade according to poker value. In decreasing order of merit, hands are straight flushes, triplets, straights, flushes, pairs, and singletons. Within each category, rankings coincide with standard poker conventions, starting at the top with aces and kings and proceeding downward to threes and twos. Players have two options during the course of the action. They can fold, sacrificing both bets and dropping out of the round. Optimum strategy for three-card poker is to muck a "low singleton" (queen-six-three or worse). [...]

> Read the full story here Source : PressOfAtlanticCity.com

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