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Month: February 2022

Drake Collects Two Out of Three Super Bowl Bets, Takes Home $1.4M

A breakdown of Drake’s bets shows that the famous rapper bet $472,000 on the Los Angeles Rams to win against the Cincinnati Bengals. Another $393,000 worth of bitcoin the rapper wagered that Odell Beckham Jr. would achieve at least 62.5 receiving yards. Finally, the last $393,000 bet was that Beckham would score a touchdown at any time during the game. Upon announcing the hefty bets, Drake submitted a caption reading “All bets are in on the family.”

Without a doubt, Sunday was Drake’s lucky day as he won two out of the three bets he placed. The $472,000 which the famous singer bet for the Rams to win against the Bengals brought him a hefty $712,000. Moreover, he also won the second bet once Beckham scored a touchdown. The $393,000 bet brought him another $711,000 in winnings. On the other hand, Beckham didn’t achieve 62.5 yards, which resulted in Drake losing $393,000. Still, the two initial bets which he placed and won brought him a whopping $1,432,000 prize payout.

Not Everyone Is as Lucky as Drake
Besides betting on the Super Bowl, last month a recent video showed that Drake enjoys online roulette as well. The video claimed that the famous rapper had placed a significant bet of $200,000 on online roulette. However, further investigation showed that the singer’s website, Stake, restricts single-bets on roulette to $20,000.

But not everyone was as lucky as Drake for the Super Bowl. Jim McIngvale, the famous businessman also known as “Mattress Mack” wagered a staggering $9.5 million in bets on the Super Bowl LVI. However, he didn’t pick the right team. Mattress Mack bet a total of $9.5 million hoping to see the Bengals win. If the team had won, Mack was in for a significant $16 million payout. Sadly, Mack’s $9.5 million wagers went kaput after the Bengals lost to the Rams.

Gaming board tracks down Las Vegas $229,000 jackpot winner after slot machine malfunction

The winner of a Las Vegas slot machine jackpot didn’t know he won more than $229,000 because of a “communications error” in the machine, the Nevada Gaming Control Board said.

Robert Taylor of Arizona won the jackpot Jan. 8 at Treasure Island Hotel & Casino in Las Vegas. However, because of the error, a malfunction occurred “that prevented Mr. Taylor and casino personnel from realizing that a progressive jackpot had been won,” the gaming board said in a statement.

The news release says that once it had been confirmed that a jackpot had been won but hadn’t been dispensed, the gaming board undertook an extensive search to find the winner.

“The Nevada Gaming Control Board is charged with the strict regulation of the gaming industry, the protection of the gaming public, and ensuring that the industry benefits the State of Nevada,” said James Taylor, the chief of the board’s Enforcement Division. “I commend the agents of the Enforcement Division, particularly Agent Dan Nuqui, for ensuring that the public trust in the gaming industry remains strong by spending countless hours over two weeks to ensure that a patron is awarded winnings owed to him.”

After the information was reviewed, Taylor was identified, and on Jan. 28, he was notified about his winnings.

Taylor was scheduled to pick up his winnings over the weekend.

The Ministry of Home Affairs (MHA) in Singapore has doubled down on its plans to introduce a new gambling regulator in the country, with the arrival of the Gambling Regulatory Authority (GRA) expected to happen at some point in mid-2022. To this end, two new bills were introduced in parliament for reading today.

The country has been discussing re-regulating its gambling industry since at least 2021, and The Gambling Regulatory Authority of Singapore Bill will seek to establish a regulatory body that brings all oversight on the industry and its numerous permutations under the roof of a single agency.

This is a significant consolidation of regulation, given that Singapore now uses four independent agencies, to name the Singapore Totalisator Board, the Gambling Regulatory Unit, the Casino Regulatory Authority, and Singapore Police Force to regulate different parts of the industry. These bodies will now operate under the same agency name and continue to carry out their oversight on the industry.

Understanding the Changes to Gambling
Asgam was the media to first report extensively on the developments and cited the MHA, which is confident that the fast-evolving gambling industry requires actualization of the current gambling framework and streamlining of the governing processes:

“To stay ahead of technological and global trends, respond more adequately to emerging gambling products and take a more holistic and coherent approach to gambling policies and issues, we should rationalize and consolidate.”

Singaporean Ministry of Home Affairs (MHA)
The Gambling Regulatory Authority of Singapore Bill is joined by the Gambling Control Bill, which will address how the industry is changing and what new challenges consumers and businesses face. This bill will pave the framework for addressing non-casino gambling and unlawful gambling offense while repealing four existing acts, specifically the Betting Act, the Private Lotteries Act, Remote Gambling Act and Gaming Houses Act.

The Gambling Control Bill will cover all activities that may be treated as gambling at some point under MHA’s current understanding of what this industry is. Financial mechanisms are not going to be brought under gambling regulation, unlike other jurisdictions. In the United Kingdom, there has been growing support for including cryptocurrencies in the re-regulation of the Gambling Act.

More Bills Expected to Come
Whether the Gambling Act review draft would contain any such language is still a few months from being known. Social gambling will be exempted as well. That is to say that private games between friends may now be carried out without the risk of legal repercussions. The bill will also introduce a licensing regime for various gambling establishments in the country.

The MHA is also planning to add a third bill called the Casino Control Bill, which will clarify how GRA would regulate casinos. As a reminder, Singapore introduced a new Gambling Duties Bill that increases taxes on casinos.

How to pick the right slot machine to improve your chances of winning

If I asked you for the two main reasons why you enjoy playing slot machines, you would probably say it’s for entertainment and the chance to win some cash. Am I right? While the fun part can be taken for granted, especially when you have so many new games to try at TwinSpires Casino, winning some money is not guaranteed.

The unfortunate truth is that you are not expected to win on slot machines in the long term if you were to play 24/7. But, and this is the massive lure of slots, somebody has to win sometimes, and often that can be a life-changing amount.

We like to tell you about our big winners here at TwinSpires Casino, just to show that our players can and do win sizeable amounts. In recent weeks, we told you about Justin F. from Pennsylvania, who won $93,178 on Divine Fortune. The good news came just days after Timothy W. scooped $88,906.61 on Mercy of Gods.

But the question remains, how to pick a winning slot machine?

How to Pick a Slot Machine for Various Outcomes
It’s a good question but also a slightly tricky one to answer. That’s because, for some casino players, their definition of winning is different from others. Let me explain.

New or recreational casino slot players are generally happy when their slot machine of choice pays out regularly. They may not win a large amount, but they like it when winning spins happen often, and bonus rounds trigger reasonable rewards.

But regular players with more of a gambling intent don’t like these smaller, regular payouts. They are more likely to go for the jackpot games with the lure of a big payout.

With this in mind, we can look at three methods when it comes to finding how to pick a slot machine to win cash.

Slots RTP
The return to player percentage, or RTP, is a published figure for every slot game, giving an accurate figure based on what would happen if a player were to play endlessly. A figure of around 97% is considered a high RTP, meaning, statistically at least, that if you bet $100 on the game, you might expect to get $97 back.

A low RTP is around 94% or under. But the reason for the lower RTP is that the slot developer has built-in fewer winning chances because it is holding back for a larger, or potentially a jackpot, top prize. This is something that serious slots players love.

To find the RTP of a slot game, you can search for it in the game’s paytable information, or you can look online.

You may hear a slot machine described as low or high volatility. It’s not quite the same as RTP and refers to how likely or unlikely it is that a number of your sessions will have similar outcomes.

A slot game with low volatility will probably take your money at the same slow rate or possibly let you bank a smallish profit on a session. High volatility games might give you a large winning session one day but then leave you quite out of pocket the next.

Slots developers tend not to advertise a game’s volatility too much because they think “high volatility” sounds negative. But just like a lower RTP, serious casino players are not put off by high volatility games

Reviews and News
The final way to pick a winning slot machine is to read up on the news and reviews. As I mentioned earlier in this piece, we regularly inform you about our big winners in our casino news section and name the winning slot game. Divine Fortune comes up time and again – there’s a free tip for you!

Our regular slot game reviews will also indicate if a game is expected to be high or low in terms of RTP and vulnerability.

Finally, each month we tell you about Hot and Cold slots – the slot machines that are on a winning run and those that have been cold and due a big payout streak.

Get Lucky at TwinSpires Casino
Now that you’ve read the tips on how to pick a winning slot machine, it’s time to put your knowledge to the test. If you have not already done so, register for an account at TwinSpires Casino. When you do, be sure to claim the generous welcome bonus because that’s your first move to making your cash go further.

Make your first deposit, then begin to explore the incredible variety of slots. Will you try Divine Fortune or one of the higher RTP slots like Blood Suckers at 98%? Good luck!

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