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Vegas casinos now accepting cybercurrency Bitcoin

Photo Credit: Google Images – Dailydot.com

By HANNAH DREIER |  Associated Press

LAS VEGAS (AP) — Las Vegas is getting one more novelty. Starting this week‚ patrons will be able to use the online currency Bitcoin to pay for rooms‚ food and drinks at two downtown casinos.

The D casino and the city’s oldest casino‚ the Golden Gate‚ will accept bitcoins at hotel front desks beginning Wednesday. The cybercurrency will also be accepted at the D’s gift shop and two restaurants. U.S. dollars will remain the only currency accepted on the gambling floor.

Derek Stevens‚ the co–owner of the two casinos‚ said he’s been intrigued by Bitcoin for years and had talked with patrons who wondered if the casinos would use it.

He said it’s tough to forecast how many patrons will pay for dinners and souvenirs with Bitcoin‚ but predicted other casinos will soon adopt the currency.

 
“For us‚ it’s going to be somewhat exciting to see what kind of impact it’ll have‚” he said.

State regulators are unlikely to allow casinos to exchange chips for bitcoins any time soon‚ according to A.G. Burnett‚ chairman of the Nevada Gaming Control Board.

The industry has not approached regulators about approving the currency for gambling.

“We would have to have an extremely high level of comfort with virtual currency of this kind in order for that to ever occur‚” Burnett said.

Bitcoin made its debut four years ago‚ and has been gaining momentum ever since‚ shedding its status as an internet oddity and approaching the mainstream.

Earlier this month‚ the Salt Lake City–based retailer Overstock.com became the first major retailer to accept the digital currency as payment for goods.

Unlike government–issued money‚ the value of Bitcoin fluctuates rapidly. Like Overstock.com‚ the two casinos will use a Bitcoin broker that immediately exchanges the digital coins into dollars.

Advocates describe Bitcoin as the foundation of a Utopian economy: no borders‚ no change fees‚ no closing hours‚ and no one to tell you what you can and can’t do with your money.

——
Hannah Dreier can be reached at http:⁄⁄twitter.com⁄hannahdreier

Article:  Vegas casinos now accepting cybercurrency Bitcoin [bigstory.ap.org]

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Make Betting more fun with Asian handicap

Zenit St. Petersburg VS  Porto

A both strong Team  competing on November 6, 2013 at Petrovsky Stadium. Zenith St. Petersburg, is a Russian football club from the city of Saint Petersburg VS Porto.Which team will shine in the next Face off?  bet your favorite team! 

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Pacquiao-Rios Match

Venetian Resort and Hotel in Macao, China is the place to be on November 23, 2013 where Manny "Pacman" Pacquiao and Brandon "Bam Bam" Rios go at each other in the Welterweight division. Pacquaio coming into this fight has an advantage over age and experience than Rios. Add that to his strength, balance and power in both hands. Rios on the other hand, maybe inexperience but he is young and agile that may pose a threat.

Pacquiao, aiming to get back from back to back losses from Bradley and marquez, Coach freddie roach only put him on a 6-weeks training disregarding his length of inactivity in the ring, that otherwise may need more time to cope up in training. Nevertheless training is on. Still a crowd favorite, bettors would still bet on manny now that SBOBET layed their market on this fight early. Rios has odds 3.77 against pacquiao's 1.24. A winning bet with either this fighter will really make your day. 

Especially, now that SBobitcoin is accepting bitcoins as a mode payment in setting their own Sbobet account. They’ll be able to be on this match without much hassle.

Manchester United Darren Flencher's Comeback

Darren Fletcher, Manchester United's current middlefielder and Scottish national team captain is now back in the field, ending a nasty bowel condition spell.

Relieve as He is, football critics and fans alike may again see how he works his magic in and around the field.

His commitment to playing football is as impressive as his battle against his health, unyielding through his family's love and support.

Playing against Norwich City, Manchester United with a recovering player, the former still have to step up. Odds are against them still.

Speaking of odds, if you are fan and don't know how to bet on Asian handicap. I'll give a quick tutorial with Manchester. In SBOBET, a premier Asian sportsbook, Manchester is handicapped by -1.50 at 1.87 odds, giving Norwich an advantage. Betting on them 100 Hong Kong dollars to win will give you a 187. 

Computation:

Say Manchester won by 2-0

Handicap = -1.5

stake = 100

odds = 1.87

profit = stake x odds

       = 100 x 1.87

       = 187

With the example above, Asian Handicap betting is a form of betting on football in which teams are handicapped according to their form, so that a stronger team must win by more goals for a punter betting on them to win. The system originated in Indonesia and has gained popularity in the early 21st century. Handicap typically, range from one-quarter goal to several goals, in increments of half- or even quarter-goals. Most importantly, Asian Handicap betting reduces the possible number of outcomes from three (in traditional 1X2 wagering) to two by eliminating the draw outcome. This simplification delivers two betting options that each have a near 50% chance of success.^*

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^*Asian handicap retrieved from http://en.wikipedia.org/wiki/Asian_handicap