Monte Carlo Casino and Gambling

Monte Carlo is not at all what most people think it is. To begin with, Monte Carlo is not the capital of Monaco. In fact, Monte Carlo is not even a town. Nor is it an ancient place.

No Monte Carlo Grand Prix has ever been held on its streets, and contrary to the suggestive lyrics of a once popular song, no one ever sent the Casino de Monte-Carlo into bankruptcy.

That said, Monte Carlo is a fascinating destination and one of the gems of the Mediterranean’s Riviera coast. It plays a prominent role in European culture and serves as a playground not only for the rich and famous but also as home to a diverse range of people and businesses. In fact, a large percentage of its residents are entrepreneurs. 

Although Monte Carlo may not be all that it has been made out to be, in many ways it is much more. Once you move beyond the myths and mystique of Monte Carlo, you can begin to discover its true allure.

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Casino Whale in the Desert

In casino lingo, the term, “Casino Whale”, refers to a gambler capable of playing at the highest stakes allowed. This is not your ordinary big-betting “high roller,” who might only wager a pesky few thousand dollars in a sitting.

The Casino Whale is among the wealthiest men and women in the world, to whom £50,000 represents not a bankroll but a single wager. A casino whale can drop a million at the baccarat table in an evening without blinking and still tip all of the staff with a smile.

Casinos are prepared to lavish their whales with comps of private jets, limousines and offers of rebates on losses where an agreed betting turnover has been reached.

Just like their namesakes in the ocean’s depths, the true casino whale prefers to play their games in seclusion. They value their privacy and demand the utmost discretion regarding their habits. The largest of them are a rare breed indeed— true billionaires.

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Gambling Systems and the Pursuit of Easy Money

For centuries, the greatest minds in science, maths and engineering have used intuitive and mathematical analysis to examine the laws of probability especially when it comes to gambling systems, searching for ways to beat the odds.

Their ultimate goal: To develop foolproof gambling systems for winning at games of chance. This pursuit of easy money has led to some astounding strategies, from progressive betting and card counting to outright cheating.

Indeed, the study of Roulette once prompted Albert Einstein himself to claim, “You cannot beat the table unless you steal money from it.” Yet people do walk away from casinos with more money than they started with. It happens every day.

In fact, some players actually make a living at the world’s craps, blackjack, and roulette tables as professional gamblers. Is their success based entirely on luck? Are they involved in some form of fraud or criminal behaviour? Or have they learned a secret system, to which only a few are privy?

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Online Gambling

The American Gaming Association has estimated that there are currently well over 2,000 web sites on the Internet devoted to online gambling. They offer a full variety of wagering options, from sports betting and casino games to poker, lotteries and bingo.

In 1999 it was stated in a National Gambling Impact Study conducted in the United States that, “the high speed instant gratification of internet games and the high level of privacy they offer may exacerbate problem and pathological gambling”.

Another report has put annual online gambling revenues at $26.9 billion as of 2008. That is roughly four times the gross revenues of the entire Las Vegas Strip during that same year.

Clearly, online gambling has come of age—a phenomenon that shows no sign of slowing down as it delivers the thrill of playing and winning directly to computer users worldwide.

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Casino Games and the History of Gambling

Where the law permits, casino games such as Blackjack, Roulette, Baccarat, Craps, Poker, Pai Gow Poker and Slots such as the ever popular Video Poker are commonly available in gaming establishments around the world.

Casino games allow players to gamble on various outcomes. Ultimately, the casino will enjoy a long term predictable advantage on all it’s casino games called the House Edge or House Advantage.

Some casino games do offer an element of skill to give the player some level of considered choice to lower or combat the house advantage.

Gambling is not a science, just mathematical odds and the willingness to take risks in the hope of substantial gain, an integral part of human nature.

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