Blackjack Exchange

[cheesebeast]

http://www.ublackjack.com

So we set up this original person to person BlackJack site ...

We wanted to provide a game experience that was better than a casino. This led us to offering three types of game: BlackJack, Rotating House BJ and No House BJ and free versions of all the games:

1) BlackJack occurs when a person elects to become the house for the game
a. When a table is required, a person becomes the house/dealer. This event occurs after the person has waited or bid for the right to be the next person to become the house. To maintain an equitable balance, every other table would be for people waiting to be the house /dealer e.g. position 1,3,5, etc would be for people waiting, position 2,4,6 would be the three highest bidders
2) Rotating House BJ would allow people to share the role of House/Dealer. Each person at the table would take a turn as a House/dealer. This allows people to try out the dealer’s position
3) No House BJ game occurs when you play against all the other players at the table where the highest hand(s) win e.g. 2 players with BlackJack split the pot. There is an element of competition and bluff as there are two rounds of fixed betting. And the second round of betting is based upon your existing and other players cards. This allows an element of strategy into the game
4) To allow anyone to become familiar with the BlackJack games we have free and low stake games starting at 25 cents.

Deck and Shuffling
You will be playing with an eight- deck shoe that is regularly shuffled. The shoe (all eight decks) will be shuffled once at the end of every hand. This is to ensure the highest level of randomness and independence. Shuffling after every hand reduces even the slightest advantage card counting a1lows. (See RNG background and details)

Winners only pay commission

The winner pays a small commission on their winnings around 1.5%

Everyone else pays nothing

Therefore if you win $20 you pay 35 cents; if you lose $20 to another player you pay no commission.

Please click the promotions page for commission schedule.

Commission per Hand will never exceed $3.00

[imaufo]

Bookmakers join forces to launch new exchange


by David Ashforth



A POWERFUL grouping of senior bookmakers have adopted the maxim, "If you can't beat them, join them," and set up their own betting exchange.

Many bookmakers, led by the major off-course firms, have been highly critical of exchanges but BetMart.com, officially launched on Monday, is backed by a group of 34 British and Irish bookmakers.

They are led by Stephen Little and include Dick Reynolds, Sunderlands, Barry Dennis, MacBet and Crossbet. BetMart.com will compete directly with the existing exchanges, notably Betfair, Betdaq, Sporting Options and newcomer TradBets.com.

Little, once a leading rails bookmaker who subsequently represented Corals on the rails, said on Sunday: "Betting exchanges are here to stay and we are saying, 'If you can't beatthem, join them.' I see their development as a major step in the evolution of betting, as major as was the opening of betting shops.

"To begin with, we will be concentrating on horseracing and then football, and on the UK market, with bookmakers marketing their own customers, but later we will broaden our scope and aim at the worldwide market."

BetMart intends to operate with a basic commission rate of four per cent of winnings, with different rates for different events, and discounts based on turnover, with extra points for betting early.

The tax regime for exchanges is a subject of controversy and, asked if he expected the Treasury to tax betting exchanges more heavily in the foreseeable future, Little replied: "I hope the government are sensible enough not to price us off-shore, because it is an even lower margin operation than traditional bookmaking.

"I would like to think that the Treasury will get more as the result of us opening up the market worldwide."

It is open to other bookmakers to join BetMart, and Little remarked: "That so many independent bookmakers are prepared to support BetMart shows that exchanges have become an established part of the betting scene."


Link to page (http://www.msnusers.com/TheNewHorseRacingCommunityForum/msgattachments/1999)