Monthly Archives: February 2021

Florida Republicans target Big Tech and its big business in the state – Tampa Bay Times

Posted: February 6, 2021 at 9:02 am

TALLAHASSEE Gov. Ron DeSantis has put a bulls-eye on tech giants that he contends censor conservatives speech, but the social media apps and platforms hes targeting are blockbusters for the states financial portfolio.

DeSantis, a close ally of former President Donald Trump, and Republican legislative leaders on Tuesday laid out a plan to punish Facebook, Apple, Amazon, Google and Twitter for blacklisting users or putting gags on social-media posts.

But the five tech behemoths are huge earners for Floridas investment portfolio, according to the State Board of Administration. The board manages Floridas pension plan as well as investments for more than two dozen other accounts.

Facebook, Apple, Amazon, Google, which is publicly traded as Alphabet, and Twitter reaped $3.1 billion for the state last year. The states investment in the big five known colloquially as FAAAT was just shy of $8 billion, according to information provided by State Board of Administration manager of external affairs John Kuczwanski.

DeSantis, House Speaker Chris Sprowls and Senate President Wilton Simpson held a news conference to condemn the tech companies, which have also been under scrutiny by Congress.

DeSantis repudiated Twitter for blocking Trump from its site and scolded Amazon for dropping Parler, a social media app used by many conservatives. Both actions occurred after Trump supporters stormed the U.S. Capitol on Jan. 6 in a violent attempt to prevent the certification of President Joe Bidens victory in the November election.

Speaking to reporters Tuesday, DeSantis expressed concern that the tech firms could disable or suspend a political candidates account in the run-up to an election.

They could potentially de-platform a candidate, suppress a message, and that is something that is okay? I dont think so, he said.

DeSantis, however, isnt proposing that the state shed its investments in the corporate giants.

Im open to it, he said when asked about such a move. But I dont think that would markedly change the behavior of big tech. These are really big companies.

The five companies make up about 7.8 percent of the states global equity portfolio, which totaled around $103 billion at the end of December.

The companies blew past the states 16.35 percent benchmark for global equity investments, Kuczwanski told The News Service of Florida in a phone interview Wednesday.

For example, the annual return on Facebook was more than 81 percent. At 31 percent, the return on Alphabet Inc. was the lowest of the five tech companies.

The states investment gurus dont recommend dropping the tech stock superstars.

We believe divestiture is the least effective way to change corporate business practices and in most cases is counterproductive; and divesting from companies shuts off an important access point to proxy voting and corporate management teams, Kuczwanski said in an email.

As of mid-day Wednesday, Apples market capitalization, or market cap, was $2.3 trillion, Amazons was $1.7 trillion, Alphabets was $1.3 trillion, Facebooks was $760.8 billion and Twitters was $43.7 billion. Market cap refers to the total dollar market value of a companys outstanding shares of stock.

DeSantis said legislation targeting the companies could include such sanctions as a $100,000-a-day fine for each day a candidate is removed from a platform.

The plan also could require technology companies promotion of candidates to be recorded as campaign contributions with the state elections office, he said. Tech companies could also be prohibited from blocking or partially blocking posts by or about political candidates, a practice known as shadow banning.

But critics of the proposal maintain that such policing of tech companies could be problematic.

Berin Szka, a technology law attorney who is president of TechFreedom, called DeSantis plan a reboot of a 1913 Florida law that required newspapers to give political candidates the right to reply to editorials. In 1974, the U.S. Supreme Court struck down the law as unconstitutional.

Since 1998, the Court has repeatedly held that websites enjoy the same, complete protection of the First Amendment which makes everything he proposes unconstitutional. Gov. DeSantis poses as a constitutional conservative, but hes made quite clear that he doesnt take the Bill of Rights seriously, Berin said in a prepared statement.

While DeSantis and legislative leaders arent calling for the state to dump its investments in the U.S.-based tech companies, Florida lawmakers in the past have ordered steps to limit investments in certain corporations.

Under state law, the State Board of Administration has a list of scrutinized companies with prohibited business operations in Sudan and Iran. The prohibited operations involve the petroleum or energy sector, oil or mineral extraction, power production or military support activities, according to the agencys website.

The SBA also has a list of scrutinized companies that participate in a boycott of Israel, including actions that limit commercial relations with Israel or Israeli-controlled territories.

Dara Kam, News Service of Florida

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Tech, Shopping and Black History Month – WWD

Posted: at 9:02 am

Tech companies are showing their support for Black History Month in a variety of ways, including new shopping-related features.

On Monday, Google revealed that its extending the Black-owned attribute in its Shopping tab to make it easier for consumers to find and patronize local businesses. Business owners can immediately add the attribute through the Google Merchant Help Center, and the feature will become available to all U.S. Google Merchants in the coming months.

Google sees the move as a natural extension of a similar feature rolled out last summer across search and maps. Now, with the retail angle, the company figures it could help bolster direct commerce for relevant establishments.

According to Attica Jaques, director of brand marketing for consumer apps at Google, search interest in Black-owned businesses soared 600 percent over the past 12 months, based on Google Trends data.

Across the country, people have been looking for Black-owned restaurants, Black-owned bookstores, Black-owned beauty supply and more, which speaks to the diversity within the Black business community, Jaques wrote in a Google blog post. We want to make it easier for people to support and spend dollars with the Black businesses they love.

The change fits into Googles stated goal with shopping. Its mission of democratizing online retail for merchants of all sizes, as a spokeswoman told WWD, spurred major updates to Google Shopping over the past year. Merchants were allowed to offer products for free and with no commission fees for online check-out via Buy on Google. The company also released changes designed to help consumers find new stores and compare prices.

Googles Black-owned business attribute in the Shopping tab.Courtesy image

The massive uptick in interest for supporting Black-owned businesses wasnt limited to Google. Yelp saw an even greater surge amounting to unprecedented numbers, it said. Searches for Black-owned businesses on the site shot up 2,400 percent in 2020, compared to 2019, and review mentions were up 232 percent over the same period.

Naturally, the online directory and review site for local businessesis celebrating Black History Month as well. To mark the occasion, Yelp is curating a list of Black-Owned Businesses to Watch in 2021 a roster that comprises highly rated and popular Black-owned businesses across the beauty, home, and food and restaurants categories.

Facebook and Instagram will double down on the parent companys #BuyBlack Friday campaign, which pulled in more than 15 million views last fall. This time, they aim to boost visibility for Black entrepreneurs with a #BuyBlack initiative across Facebook and Instagram Shops. Instagram will also promote Black-owned brands through its @Shop account.

Apple is marking the month with retail, too, though in a different way. On Monday, the tech giant said its releasing a Black Unity Collection for its Apple Watch that was designed to celebrate and acknowledge Black history and Black culture, a spokesperson said.

Apples Black Unity Collection offers a limited-edition Apple Watch Series 6, watch face and strap in honor of Black History Month.Courtesy image

The line includes a limited-edition Apple Watch Series 6 with a Black Unity Sport Band and a new Unity watch face. Apple Watch Series 6 Black Unity starts at $399, and the Black Unity Sport Band retails for $49.

According to the company, the effort will support six groups: Black Lives Matter Support Fund via the Tides Foundation; European Network Against Racism, International Institute on Race, Equality and Human Rights; Leadership Conference Education Fund; NAACP Legal Defense and Education Fund Inc., and Souls Grown Deep. How much of the proceeds will be directed to these organizations was unclear.

These projects are just a sliver of broader equity efforts and Black History Month initiatives. But the spotlight on shopping and social awareness could offer concrete, measurable support that can make a difference for Black-owned businesses, especially during the critical COVID-19 retail recovery period. And that means, hopefully, the support will continue on beyond just this month.

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OECD ‘Highly Likely’ to Tax Tech Giants for a Better EU-US Relationship this Summer – Tech Times

Posted: at 9:02 am

Back in 2020, the Organisation for Economic Co-operation and Development (OECD) tried to reach an international deal on taxing Silicon Valley tech firms. After failing to do so, it has again started putting things together to implement a global tax on tech giants. According to Unilad, this agreement between the EU and US parties coming this summer has a great chance of coming into fruition after Joe Biden takes office.

(Photo : Screenshot Youtube Video by Tech Insider)

One great avenue of disagreement between the European Union and the US is the subject of digital taxes. Even during the time of Donald Trump, this has often been a point of contention. However, as President Joe Biden takes office, his new administration has promised that it will actively engaged with negotiations in the OECD to strengthen the bonds between EU and the US. This includes finally pushing the deal to tax tech giants, including companies owned by two of the biggest tech giants in the world, Elon Musk and Jeff Bezos.

The current administration's openness to agreements with the OECD is appearing to establish a new fruitful relationship with the EU, even as it has been halted in the previous years. For many union members, taxing the digital economy is essential in increasing control and management over huge digital firms. Furthermore, as the digital consumption has grown tremendously in the recent months, imposing more challenges. This has caused the call to purse digital tax more urgently.

This action is also confirmed as newly appointed Janet Uellen has been backing calls for a global tax on tech giants. This has sparked a great hope of cooperation between US and EU officials.

Read more:Richest Men in the World, Musk and Bezos Fight Over Satellite Real Estate

As such, European officials are ecstatic of the new cooperation with the global agreement that will be sealed very soon. In an interview with with German Finance Minister Olaf Scholz via CNBC, he said that the tax deal with global tech giants is now "highly likely" oand will most likely come before summer comes to an end for the OECD.

He said, "It is highly likely that we will get the success we are working for so hard."

"And the new administration gave me the impression that they understand the need for an agreement in this field and that they will work on solutions together with all of us, which I think is a big, big success. And anyone knows that the timetable is very strict, we have to agree in summer." he added.

Not only does he think that the agreement is very important, but that it should be done in a timely manner as the issue is very urgent. For many European officials a pragmatic approach is essential in maintaining a good US-European relationship.

Related Article:GameStop and 'King Maker' Elon Musk Push Robinhood and Reddit Up the App Store charts

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ByteDance sues Tencent in China over WeChat and QQ policies – Music Ally

Posted: at 9:02 am

Chinese tech giants ByteDance and Tencent have been locking horns on the app stores for some time, but now they may be heading to court.

ByteDance has sued Tencentalleging monopolistic behaviour in the latters WeChat and QQ social platforms. Specifically, it claimed that they are blocking content from ByteDances Douyin the Chinese version of TikTok from those apps.

Its not the first time ByteDance has sued over these issues, but according to Bloomberg its the first time it has done so on anti-monopoly grounds. We believe that competition is better for consumers and promotes innovation, said ByteDances spokesperson in a statement, with Tencent telling Bloomberg that the accusations were false and malicious.

If it gets to court, its going to be quite the case, but we suspect a settlement would be more in the interests of both companies.

Stuart Dredge

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How True was the Story Behind the Hit Blackjack Movie 21? – Film Threat

Posted: at 9:01 am

Blackjack, also known as 21, is the theme of the 2008 hit movie 21. Its loosely based on the novel, Bringing Down the House by Ben Mezrich, a true story about the activities of The MIT Blackjack Team during the 1980s. But how much of the movie is true to life?

The main difference between the true story and the movie is the historical accuracies, like the use of mobile phones which didnt exist in the early 80s. Another obvious discrepancy shows Blackjack being played at the Red Rock and Planet Hollywood Casinos in Las Vegas but they didnt open until the mid-2000s. If mobile phones did exist at the time, the MIT team would likely be gambling at online sites like those found at sister casinos.

In both real life and the movie, the players successfully manage to pull off a mass scale card-counting scam, despite none of them being experienced gamblers or from a criminal background. In the movie, they are all highly talented students with exceptional maths brains from one of the top universities in the USA and are tutored by a card-counting mastermind.

In real life, the team was formed by three individuals, with the brains behind the initiative being Bill Kaplan, a Harvard Business School Graduate. Having already recruited and trained a similar team in Vegas, he formed the MIT Blackjack Team employing the same business principles and practices as before. Unlike the movie, students were recruited from sources other than the Massachusetts Institute of Technology (MIT). Kaplan himself was from Harvard as well as Jane Willis the real-life Jill Taylor in the movie.

One of the first to join Kaplan was JP Massar, whose interest in gambling led him to attend a university short course entitled How to Gamble If You Must. His chance meeting with Kaplan was timeous and together they managed the team throughout the 1980s. The third person, John Chang, an MIT Electrical Engineering graduate joined them in late 1982. Chang remains involved in counting cards but has since been blacklisted in most casinos.

In the movie, exceptionally bright and talented students, especially in the field of Mathematics are observed by Micky Rosa, a professor of the university, who recruits and teaches them the art of card counting and other winning strategies. He puts them through a rigorous round of training before introducing them to the Blackjack tables but doesnt play himself, rather observing and training his protegees whilst making a tidy profit from their winnings.

In the movie, the main character, Ben Campbell is a Maths genius with phenomenal numbers skills. His ambition to study at Harvard is scuppered due to lack of funds, which makes him an easy recruit, and very soon he is raking in the money. His initial intention to make just enough to fund his studies is overtaken by his success, the excitement of the game, and his disagreement with Micky Rosa.

His real-life counterpart, Jeff Ma, was one of the youngest MIT Blackjack Team recruits and very soon swapped his intentions to attend Harvard for the Blackjack table, which he found more rewarding and exciting. The movie has been criticized for its casting of Ben as Jeff Ma since Ma is of Chinese heritage and bears no resemblance to Ben.

In the movie, Bens father passed away, but in fact, Jeffs father is very much alive and was a guest at the 2008 movie premiere. The money Bens mother offered him towards his studies in the movie didnt happen in real life as Jeff came from a wealthy family and could have afforded to study.

Jill Taylor, another of Professor Micky Rosas recruits, persuades a reluctant Ben to join the team and an on-screen romance develops. However, Jill Taylors real-life counterpart had no romantic connection to Jeff Ma. She and was simply brought into the team at the same time as her boyfriend and nothing ever occurred between the two.

Bens constant weekend absences in Vegas jeopardizes his relationship with his two best friends resulting in them kicking him out of their project group. Highly upset and frustrated, he haphazardly loses $200,000 at the casino. In truth, John Chang declared that this would never happen as any member of the MIT Team would be too disciplined and controlled to do anything like this.

In the movie, Cole Williams is the Casino Security Chief who is tasked with watching the players, and, in particular Ben, after it becomes obvious that he isnt playing a straight game. Ben gets beaten up by Williams and ordered to stay away from the Casino. In reality, this would never happen as major casinos typically use professional security companies such as the real-life Griffin Investigations. Their employee, Andy Andersen, was instrumental in bringing down the MIT Team after following and observing them over several years.

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BetMGM Offering Big Game Promotions for Casino Players in Michigan and Pennsylvania this Weekend – Pokerfuse

Posted: at 9:01 am

BetMGM Casino is gearing up for the Big Game in style. The operator is running some great casino promotions in both Pennsylvania and Michigan ahead of the Big Game this weekend.

On Sunday, the Kansas City Chiefs and the Tampa Bay Buccaneers will come head-to-head in the Super Bowl 2021.

BetMGM Casino Michigan is celebrating with $20 risk-free bet offer: if the first touchdown scorer is not what you correctly picked, you get your bet back..

Meanwhile, BetMGM Casino Pennsylvania is doing things a bit differently: There, if you wager $20 on Premier Blackjack Pro, they get a $5 free bet they can place on the Big Game. And of top of that, if you wager $20 on jackpot slots you get $10 in casino freeplay. So thats a combo $15 in value for very little work.

All these offers expire in the next day or two, so if you dont have an account yet, get signed up and check the details below.

BetMGM Casino is live in Pennsylvania, Michigan and Iowa!

Players that want to make a bet on first to score a touchdown during the Big Game should check out the offer on BetMGM Michigan.

Opt in to the promotion, then bet the first TD. Get this right and youll win the bet, as standard. But guess wrongif someone else gets to the endzone firstthen youll back your bet, up to $20, in free bets credited to your account.

The money will only be credited to a players account once the wager has been settled. Note: Only the first Touchdown is eligible for this offer.

Thats not the only offer available right now. Until April 30, 2021, every day a player logs in their BetMGM Casino account they will get a chance to Spin the Wheel and receive one of valuable prizes:

Sign up to BetMGM MI Casino today to get $25 FREEPLAY and 100% Deposit Match up to $1000

Sign up to BetMGM MI Sportsbook today New Players Get a Risk Free First Bet up to $600

Over on BetMGM Pennsylvania, there are two promotions ahead of the Big Game.

The Big Game Bet & Get can be accessed through the BetMGM Casino February 5 to 6. Thats today or Saturday, so if youre interestingdont hang around.

Players must opt in to The Big Game Bet & Get promotion and then wager $10 on Premium Blackjack Pro. Do that, and you get a $5 free betsimple as that.

Once the blackjack wager has been made, the $5 free bet will automatically be added to your account. You can use this for the Big Game, but you dont have to: It has an expiry of seven days, so it can be used on any sports bet during that window.

But thats not all. Players in PA can get a $10 Freeplay bonus on any table game just for wagering $20 on Jackpot Slots. This promotion got underway on Feb 1 and runs all through to the 7th (thats Big Game Day, just in case you forgot).

Players must opt in to the table games promotion via the casino lobby. Once $20 has been wagered on Jackpot Slots, $10 worth of casino freeplay will automatically be added into the players account.

The $10 FREEPLAY can then be used on table games (excluding any live dealer games.) However wagering requirement are 20x, so for every $1 in FREEPLAY a player must have wagered $20.

In other words for a $10 FREEPLAY a player must go on to wager $200 in order to cash out.

Sign up to BetMGM PA Casino today to get $25 FREEPLAY and 100% Deposit Match up to $1000

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Are slot games the best to play if you want to make money? – The Game Haus

Posted: at 9:01 am

One of the most favorite pastimes for many people around the world is gambling, especially casino gambling. Over the years casino games have evolved and been developed to provide the most entertainment value for your money, as well giving you the opportunity to win a lot of money.

There are hundreds of people around the world who gamble for a living, and are successful at doing it, so it is entirely possible. One questions that doesnt get addressed very often though is, are slot games the best to play if you want to make money?

This largely depends on many factors, so continue reading to find out which games are the best for profit, and if slot games are one of them. Before reading this article it goes without saying that you should make sure that you choose a casino which pays out fast if you are looking to make money, Casino Reviews NZ has compiled a list of fast payout casinos here.

Two of the most important phrases to know if you are planning on making money from slots, or any casino game, is house edge and payback percentage, or return to player percentage.

The house edge, or payback percentage are essentially the same thing, just calculated differently. The payback percentage is the amount of money that a player could win when winning, and is a percentage from the sum of all of the bets from other players, over a period of time.

The house edge is basically the advantage that the casino has over you, and a lower percentage means you will make more money over a period of time than a higher percentage. You should always choose a game with the lowest house edge, as well as one that allows for the perfection of skill, since this will increase your chances of winning.

When it comes down to which games are the best to play in order to make money, this is highly dependent on your skill level depending on the game.

For example, blackjack has a house edge of 0.5%, and video poker has a house edge of 0.46%, which is extremely low considering that slot games have a house edge that range from 2-15%, one of the highest that a casino can offer.

Even though the house edge is low, doesnt mean that you will be able to win easily, even if you have a 49% chance of winning, because it is partly a skill-based game. On the other end of the spectrum, craps has a house edge that ranges from 0-16.67%, but you have about 50% chance of winning, and this is because its entirely luck based. Essentially this means that in terms of skill-based games, house edge can only give you an idea which game could potentially be profitable, but at the end of the day, that is almost ultimately dependent on your skill.

Making money from slot games is entirely theoretically possible, however it is probably not the best idea. Firstly, the payback percentage might be quite high for many slot games, but it also varies depending on the denomination you are using, as well as the fact that the house edge is also incredibly high. What this means is that the odds of winning at slots is about 1 in 49,836,032. This is because there are various unseen factors when you spin the reel, and each spin is an isolated instance that isnt dependent or determined by any previous spins. Another factor to consider is that the house edge for all games, especially slots, is calculated over a long period of time, and while you might win a large sum of money today, there is no skill involved to emulate another win, and you could spin the reel a thousand times consecutively and never regain the money you spent spinning, or never win again.

If you are trying to make money from any casino game, you should avoid gambling without a budget, as you might unknowingly spend more than you have. It is also important to never chase losses, as this will almost always result in losing even more money.

The most important thing that you should never do is just play a game without knowing the statistics or percentages, as knowing these will allow you to lose less often, and help you to choose games where you have better odds of winning.

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Indiana: Four Winds South Bend casino could offer table games and sports betting – Yogonet International

Posted: at 9:01 am

A

n Indiana Senate committee passed on Thursday a gaming compact that would allow table games and sports betting at the Four Winds Casino in South Bend. The agreement will now go to the full Senate to be ratified before moving to the Indiana House.

The compact was finalized last month between Gov. Eric Holcombs administration and the Pokagon Band of Potawatomi Indians, which operates the casino on tribal land at Indiana 23 and the U.S. 20 Bypass.

Under the compact, the state would allow the Pokagons to operate Class III gambling, which includes table games such as blackjack, craps and roulette, as well as slot machines, in exchange for a share of revenue. The casino has been operating more limited Class II gaming, which allows forms of electronic bingo played against other guests, but not against the house.

The Senate Appropriations Committee sent the compact to the full Senate by a 12-1 vote Thursday, with no discussion beyond brief words of support from a state gaming official, the Pokagon tribal chairman and several lawmakers.

Sen. David Niezgodski, D-South Bend, recited the Pokagon bands many contributions to the South Bend community over the past five years, including several million dollars to the city of South Bend and hundreds of thousands more to local charities.

Sen. Ryan Mishler, R-Bremen, the chairman of the Appropriations Committee, praised the agreement as a very simple, fair compact.

During the roll-call vote, Sen. Fady Qaddoura, D-Indianapolis, said he voted no because gambling is a moral issue for him, though he voiced general support for the Pokagons.

The compact is a first for Indiana, where Four Winds is the only tribal casino operating on federally designated land. Indianas other casinos are commercial operations that are licensed and taxed by the state.

In Michigan, this is kind of commonplace, Mishler said, but this was all new to us.

The state cannot tax a tribal casino, but can negotiate revenue sharing as part of the compact required by the federal government. The Pokagons have agreed to pay the state 8% of the net revenue from slot machines at the South Bend casino, and 2% to the city.

During brief remarks before the committee Thursday, Pokagon Tribal Council Chairman Matthew Wesaw said the negotiation of the compact lasted more than a year, partially because of the COVID-19 pandemic, but yielded good results.

This will help us as a Pokagon tribe to continue to improve the quality of life of our citizens, Wesaw said, but the one thing I really want to note ... is the revenue thats generated by this operation is revenue that stays right within the community.

Mishler previously suggested the compacts ratification was something of a foregone conclusion because the federal government could step in and allow the Pokagons to conduct Class III gaming with or without the states approval.

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Forgotten Poker Table Games – Poker Games You’ve Never Heard Of – BestUSCasinos.org

Posted: at 9:01 am

In the popular imagination, the term poker conjures images of stone-faced Texas holdem players tangling in high-stakes tournaments. But while that No Limit variant is surely the most well-known worldwide, dozens of different poker games have been developed over several centuries of play.

Your grandparents probably passed a few bucks back and forth between pals during weekly Seven-Card Stud games, while todays college kids prefer the action-packed Pot Limit Omaha.

Poker truly is the most eclectic branch of the gambling family tree, so much so that its even inspired several successful table games. But for every Three-Card Poker and Caribbean Stud, youll find your fair share of clunkers like the poker table game failures found below.

Released in 2005 during the height of the Poker Boom, Tequila Poker was conceived by designers at the Delaware-based Alma Gaming LLC. The game made its debut at the Hard Rock Casino Las Vegas, and despite never catching on in live casinos, Tequila Poker was added to the Playtech iGaming software suite one year later.

The underlying concept of Tequila Poker is quite honestly one of the more interesting Ive come across while covering the casino industry.

The game essentially positions traditional Five-Card Draw alongside a blackjack hybrid in parallel lanes headed toward a fork in the roadbefore asking the player which way they want to turn.

Heres how it works To begin a hand of Tequila Poker, the player antes up with a mandatory wager before receiving four hole cards face down. A standard 52-card deck is in play, but as youll see, those cards can hold different values depending on the players preference.

With your four-card starting hand now in placewell say you got the Jh-10h-Ah-As for demonstrations sakethe fun really begins.

The dealer will then ask which secondary wager youd like to place, the Tequila Poker bet or the High Tequila bet. You can only choose one and the bet size must match your Ante.

As the name suggests, the Tequila Poker bet uses a standard five-card poker hierarchy to determine your payout. Royal flushes pay 200 to 1, straight flushes are good for 50 to 1, four of a kind returns 15 to 1, a full house brings back 8 to 1, a flush pays 7 to 1, a straight offers 5 to 1, three of a kind 3 to 1, two pair 2 to 1, and one pair (of aces) pays even money.

With your Jh-10h-Ah-As in the hole, youve already locked up an even money payout with the pair of aces. And after making the Tequila Poker bet, youll draw not one but two additional cards with which to try and improvea likely bet given your pair, three-card flush draw, three-card straight draw, and three-card royal flush draw.

On the other hand, you might prefer the High Tequila bet, which utilizes blackjack scoring to set its own pay table. Using the usual blackjack points system, your Jack-10-Ace-Ace is worth 42 points, with two 10-value cards and two 11-value cards locked in.

You need at least 46 points to win even money on the High Tequila bet. Check out the payouts below:

As you can see, the worm can turn rather quickly at the Tequila Poker table The strategic implications in a game like this are massive. Just consider the example hands possible scenarios to see what I mean.

The Jh-10h-Ah-As gives you a longshot chance to score that royal flush payout for 200 to 1 in Tequila Poker. You can also hit a full house for 8 to 1, a flush for 7 to 1, a straight for 5 to 1, three of a kind for 3 to 1, or two pair for 2 to 1.

Meanwhile, on the High Tequila side, youll have two aces left in the deck to move from 42 to 53 points and score 15 to 1, while any 10-value card gives you 52 points for a 7 to 1 win.

Of course, you could swing and miss altogether by drawing a 2 or 3, leaving you with a worthless 44 or 45.

You can still find Tequila Poker floating around on obscure Playtech iGaming platforms, but in the live arena, the glass ran dry over a decade ago.

In order to understand the doomed Pyramid Poker concept, you first have to learn about one of the most popular table games played today, Pai Gow Poker.

Players are dealt seven cards before setting them in two hands, a five-card high hand and a two-card low hand. Both hands are then compared to the dealers dual arrangement, and the player only wins when both of their hands are best.

Poker pro Tom Franklin conjured up Pyramid Poker by making a just single adjustment to the Pai Gow Poker framework. Instead of using seven cards to set your two hands, Pyramid Poker only sends three cards the players way.

From there, you simply size up the three-card slate before setting a two-card high hand and a one-card low hand. The only requirement for these hands is that the high hand outrank the low hand. Suits and straights arent relevant in this game, so its a simple pair and/or high card affair.

Take a three-card deal like A-Q-8 for example. Here, you could place the A-Q together as a likely High hand, winner, but that 8 isnt a favorite to win the low hand. The better play would be to use A-8 in the high and Q in the low. Now, you have ace-high to work with on one side, and the second-best low hand with a queen.

The dealer must follow the House Way with their hand, a holdover from Pai Gow Poker, so they have to use the middle card in any unpaired hand as their low. With something like A-7-3, theyd wind up with a slightly worse A-3 in the high and a pipped 7 in the lowsending you both halves of the pot.

Pyramid Poker was approved for live play in Washington state, but no casinos ever took Franklins bait. That led to a brief run in the online realm, but once more, players decided to bury Pyramid Poker once and for all.

If youve ever played the popular Mississippi Poker table game, youll pick up Criss Cross Poker rather quickly.

Game designer Ronald Laduca adapted Mississippi Poker, in which players take two hole cards and hope to make strong hands by combining them with three community cards, to create Criss Cross Poker.

Laduca may have gotten a little too creative, as the unusual two-pronged betting approach combined with a bizarre community board setup ultimately doomed the game.

Criss Cross Poker players place two wagers to ante, the across bet, and the down bet. After taking two hole cards, the player then watches the dealer put out five cards as so:

Next up, the player uses their two hole cards in conjunction with the three horizontally aligned cards to form the across hand, plus the three vertically aligned cards to form the down hand.

Both hands are scored against an escalating pay table, but those payouts arent nearly enough to put up with the headache known as Criss Cross Poker.

TCS John Huxley launched Lunar Poker in 2009, and the game became an immediate flop.

With esoteric game play elements such as the Super Betand its payouts for weird hands like Five Face Cards and Five Cards of the Same ColorLunar Poker wasnt poker as most players knew it.

And in the base game, options like Buy and Exchange are similarly foreign.

Lunar Poker was an example of an overly ambitious project that tried, and failed, to reach the stars by bundling too many odds and ends into a single product.

This game is nothing more than Three-Card Poker for players who dont know how to play Three-Card Poker.

In a Q Poker hand, everything plays out identically to Three-Card Poker except for one caveat you dont choose between folding or playing, you choose between surrendering or standing.

With a higher overall house edge than its superior predecessor, Q Poker was destined to disappoint.

Pokers multidimensional format and multitude of variants makes it a perfect vehicle for table game adaptations. Indeed, the Three- Card Pokers, Casino holdems, Pai Gow Pokers, and Caribbean Studs of the world have become certified staples on most casino floors.

Nonetheless, not every hand can wind up a winner, and the five poker-based table games showcased above provide ample proof.

The next time you see a strange new table game using poker as its foundation, play a few hands to try it all. Because as these busts make clear, you may not ever have the opportunity again.

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How F.I.R.E. investors are managing through the pandemic – The Globe and Mail

Posted: at 8:57 am

F.I.R.E. followers, who are in their 30s and 40s, need to be extra vigilant as their retirement nest eggs need to last decades longer than those who retire in their 60s and 70s.

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The stock market fallout during the early days of the COVID-19 pandemic put retirees living off their investment income at risk. That was especially the case for those following the financial independence, retire early (F.I.R.E.) movement.

F.I.R.E. investors are largely people in their 30s and 40s who save aggressively and invest early to build up a seven-figure portfolio to retire early or work way less as they get older. Those plans can be thwarted when stock markets tank, as they did last March.

Investors who stuck it out were rewarded as stock markets roared back to record highs months later. Still, F.I.R.E. followers need to be extra vigilant as their nest eggs need to last decades longer than those who retire in their 60s and 70s.

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You may need to over-save and underspend longer than you might think when youre pursuing the F.I.R.E. movement, says Jason Heath, an advice- and fee-only certified financial planner at Objective Financial Partners Inc. in Markham, Ont. When youre retiring at age 40 versus age 65, theres so much more margin for error.

For example, Mr. Heath says someone can do a great job of saving, but see those funds quickly disappear because of costs associated with an extraordinary event, such as a serious injury or illness that requires long-term care or having a child with a disability.

If you dont budget for the unexpected, that could really compromise your early retirement plan, he says.

F.I.R.E. investors do have time on their side to regain any investment losses should the next downturn not see the same quick recovery. Many also have the option to go back to work.

In addition, just having a plan puts them ahead of many investors, Mr. Heath says, citing various industry surveys showing investors with a financial roadmap are more prepared for retirement.

There is something to be said about F.I.R.E. [adherents] and how much long-term planning these people do, he says. Someone who is pursuing F.I.R.E. and really knows their numbers is more likely to have more confidence with something like stock market volatility or sustainable spending in retirement as a result.

Mathieu Martin of Quebec City started his F.I.R.E. journey in July, 2019, at the age of 41, about six months before the pandemic hit.

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He was inspired to retire early, instead of at age 60 as previously planned, after reading an article showing how it was possible through the simple strategy of spending less and investing more, taking advantage of the power of compound returns.

To me, the key really is the spending: The less you spend, the more you save, says Mr. Martin, now 42, who had a career as a safety engineer in France and the Middle East before moving with his wife and two young children to Canada in 2019.

Even when stock markets dropped in February and March of 2020, Mr. Martin wasnt too worried because his F.I.R.E. plan includes having about one years worth of cash set aside to live on.

We felt more confident because of that, he says. When it comes to early retirement ... even when youre not retired, whats important is your available cash. You can have the biggest investment in the world, but if you have no cash, youre screwed. ... We put our plan to the test and it passed.

He believes his background in crisis management and emergency preparedness also helped him stay calm as the markets went into panic mode.

I wasnt surprised. It was sort of expected, he says of the market drop.

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Mr. Martin didnt adjust his investment portfolio or asset allocation, either, which was a smart move in hindsight given the markets record run.

In fact, he and his wife are planning to buy a house this year instead of next year, as originally planned, thanks in part to the additional savings from the pandemic and the stock market comeback.

Today, Mr. Martins retirement life includes doing things he loves, such as building furniture for the new house, playing sports and walking his kids to school each day.

Furthermore, while his financial plan says he doesnt need to work, Mr. Martin did take on a short-term government contract last spring to help municipalities with their business continuity amid the pandemic.

I wanted to be part of it and to use my skills to do what I could to help the community, he says.

Bob Lai, 38, a married father of two who works in Vancouvers technology industry, says his F.I.R.E. journey remains on track amid the pandemic.

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For Mr. Lai and his wife, financial independence means having the option to work when they want and for as long as they want.

It might not mean full retirement in the near future, but they do have options such as taking a year off to travel when its safe to do so again.

Its about being financially independent, he says. Thats the empowerment behind the F.I.R.E. movement that we like, to not be tied to your paycheque every two weeks.

Mr. Lai says his family will be financially independent when its dividend income is greater than its expenses, which he notes is a bit different than the F.I.R.E. movements technical definition of when your net worth reaches 25 times your expenses.

The family got closer to that goal after investing about $115,000 in the markets last year, including a big chunk of money after equities dropped in the spring. A good portion of those funds was from money saved from having to stay home during the pandemic, as well as some investments the couple sold in February, just before the market crash.

Mr. Lai says he wasnt worried about his existing investments being down significantly at the time, particularly after seeing the bounce back during the global financial crisis.

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I knew the market would recover eventually; it was just a matter of time, he says. It was a good opportunity; [stocks] went on sale.

Most of his investments, which he makes on his own, are in stable, dividend-paying stocks such as banks and in diversified exchange-traded funds.

For others interested in being financially independent, Mr. Lai suggests sticking to their plan and not making bets on risky investments such as Bitcoin.

If you are always jumping back and forth between investment strategies, you may not get there, he says of financial independence.

And while he and his wife dont have a specific date for meeting their F.I.R.E. goal, we are enjoying the journey.

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How F.I.R.E. investors are managing through the pandemic - The Globe and Mail

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