Tag Archives: highest

The Role of Online Gambling in American Economy

Gambling is a thrill ride. Gambling is dangerous. Gambling can make you temporarily rich. But if the hook gets lodged in your mouth, it will make you broke as a joke, or even worse.

The online gambling in the United States is considered a billion dollar industry before the enactment of the unlawful Internet Gambling Enforcement Act last 2006 which prohibit businesses from accepting credit cards, checks, or other bank instruments from gamblers who illegally bet over the Internet. Compliance with those prohibitions and regulations would be enforced by various federal agencies as well as state governments, and violations would be subject to new civil remedies and criminal penalties. It was recorded that most of the online bets are coming from the United States approximately with about 80 percent or beyond. These billion dollars are probably used to be to support and strengthen the US economy. In addition, things are getting worse to the US government. Recently, they have already an arrangement to pay millions of dollars as payment for the penalty of the island Antigua. This is due to poor compliance of the decision of World Trade Organization when it comes to online gambling.

Some of the US Presidential candidates have strong understanding towards the role of this activity in the lives and progress of the country in a legalized form. There are some pros and cons in the legalization of online gambling, Republican Ron Paul speak out against any form of internet gambling prohibition, in contrast, a well-known poker players, Hillary Clinton and Barack Obama are in support of this issue.

Online gambling is a competitive business many gambling sites will provide good offers to get potential gamblers to use their site and stay with them. It brings many benefits to the countrymen. As time passes by, these Internet gambling companies would bring more employment to the Americans. One best example how beneficial the industry is at the online gambling destination of Costa Rica which is among the highest paying industry in the place. Many gambling operators raise millions of dollars back into the Costa Rican economy. The industry requires a skilled work force with highest knowledge in English.

Online gambling in many ways illustrates just what is wrong with the US economy today. Jobs and whole industries are emerging elsewhere in the world with less and less being fed back into the American economy. The whole world was feared especially American highest officials, economists and business leaders as well to the possible dragged down of the US economy. Political and business leaders with around 2,500 members gathered for a serious meeting about the present US economic situation at the Swiss skiing resort of Davos.

The International Monetary Fund (IMF) chief Dominique Strauss-Kahn recently announced for the economic forecast the following week to keep track what will happen for the economy in the mere future. In many ways, online gambling shows just what is happening with the US economic situation today. With the blossoming economy of Costa Rica, this will be the substitute to support to the world economy as IMF chief stressed out.

Poker Cheat Sheet

I don’t know if there is a real name for it, but ‘Cheat Sheet’ is what me and buddies call the little piece of paper that most of us keep next to us in a game for the purpose of surreptitiously having a sneak in order to determine our hands, because remembering the sequence of poker hands still alludes me, even after 3 years of playing. Knowing what is what in your hand is probably the most important part of poker, so here it is, the poker novice’s (or not-so-novice’s) best friend; print it out, stick it up, do what ever you will with it.

Your poker hand is the best of the following that you can make up with 5 cards that you have available to you:

High Card: When your cards don’t make up any of the other combinations you are left with a High Card: The highest card in your hand.

One Pair: 2 of the same number or picture. When more than one player has a pair of the same, the winner is determined by who has the next highest card.

Two Pair: 2 x pair. Again when more than one player has the same two pairs it is the remaining card in the hand that decides the winner.

Three of a kind: 3 of the same number and 2 cards that are not related. When more than one player has a 3 of a kind, the hand with the highest value of the 3 cards wins.

Straight: five cards in sequence but not of the same suit. The highest run wins, e.g. 3,4,5,6,7, looses to 5,6,7,8,9.

Flush: All the same suit but not in sequence, e.g. all clubs. Should two players have a flush, the highest card in the hand determines the winner; if this is the same for both, the next highest card is looked to, and so on.

Full House: one pair plus three of a kind. If two players have full houses the highest 3 of a kind determines the winner. Should both have the same 3 of a kind, as is possible in a wilds game, the one with the highest pair wins.

Straight Flush: All the same suit, all in sequence. The highest card of the sequence determines the winner.

Royal Flush: Not really a hand as it is simply the highest straight flush possible; 10, J, Q, K, A all of the same suit.

Five of a Kind: Many tables do not accept five of a kind, but for those that do; this is 5 cards of the same value, with a wild card as the 5th.