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Celebrity Gamblers are at the pinnacle of everything we wish for. They have the looks, the fame and tons of money to gamble! Here are some of the most famous celebrity gamblers of our times:

• George Clooney: George Clooney is a very passionate gambler and a poker player. He is known to have many late night sessions with co-stars playing poker. But that’s not all, he is also keenly interested in the poker business and is known to have invested a fairly large amount in a casino-hotel-condominium complex, Las Ramblas.
• Ben Affleck: Ben Affleck is a proven poker champion. In 2004, he won the Commerce Casino’s California State Poker Championship in which 90 players had participated including professional players like Chuck Pacheco, president and co-founder of Castle Rock Entertainment, who finished 3rd and Stan Goldstein, who finished in the 2nd place.
• Matthew Perry: Matthew Perry is also rumored to be a heavy poker player. He is known to be an avid fan of online gambling. He is also known to have a special arrangement with the Bellagio casino in Las Vegas for a weekend where he spent a private VIP weekend gambling.
• Matt Damon: Matt Damon had the opportunity of being coached by poker legend Johnny Chan, along with co-star Edward Norton, during the shooting of one of the best gambling movies, Rounders. He is said to be such a cool gambler that he has been rumored to have been offered $1 million by Nine.com, an online gambling giant, as endorsement.
• Tobey Mcguire: Tobey Mcguire is also an established poker champion. He won $186,000 at a $2,000 buy-in tournament at the Hollywood Park Casino in October 2004. He also went on to win the $2,000 Phil Hellmuth Invitational for $95,480 and cashes at the WPT and WSOP. He is also known to host high stakes poker parties at his home.

While gambling on major casino games, except poker, the players are wagering against the house. In games that require betting on the horse or a dog race, you are not betting against the house. In such situations, you are placing a pari-mutuel bet and are in reality betting against the other players in the game.

All the money that is wagered enters a large pot. The winners in the event divide the total money that is bet on the event, excluding the tax deductions and race expenses. The money taken out through this could be compared to the usual pot in the poker game that is played in the card room. However, unlike the smaller rakes in poker, the pari-mutuel bet can sum up to at least 15% - 20% of the total prize money.

A majority of the players who visit the track or the off-track facilities do not have the knowledge about the history behind pari-mutuel bets. With the introduction of the modern day facilities, the gambling calculations are displayed on the large ‘tote’ boards and hence the players think that is a newer form of wagering. But the existence of pari-mutuel betting goes back a few decades.

Pari-mutuel is a term used for the phenomenon of betting against each other. Its discovery is credited to a French perfume shop owner known as Pierre Oller. He began using this form of betting to sell tickets on a horse race and the prize pool was split amongst the winners in the year 1865. Such a way, Pierre would keep about 5% of the winnings for the race expenses and divide the rest amongst the winners. This wagering system was used by a lot of racing parks and was finally legalised by the French government.

Betting operates on the mathematical concept of probability and odds comparison is one of the most important aspects in betting. The odds comparison activity is based on the theory of probability and helps in figuring out the most favourable odds. It is a high-risk domain and hence the bettors take all the necessary steps to increase their chances. Whenever the odds are less, the probability of an event occurrence goes higher.

Several betting odds are compared against each other so as to find out the most favourable events. Casinos online provide all the resources where the bettors can now compare different odds and pick the best out of them. Unlike earlier, the bettors are not required to visit the betting places physically and witness the different events. With the latest technological nuances, the bettors can now place their bets while enjoying the comfort of their home. Some of these online websites also provide attractive offers and betting schemes. In order to augment your chances of winning, there are some betting tips featured on these betting sites. A few of such winning tips are listed below.

There are hundreds of websites that provide advices and tips from the experts; however it is important for the players to listen to their own words and hence you must take decision as per the situation prevailing.

1. Money management is one of the important concepts for the bettors. The money should be varied across different bets instead of betting your money on a single betting event.
2. Before placing your bets, you must do your own research and read about the terms and conditions of the event.
3. Many a times, going against the general opinion can reap profits; hence one should certainly ignore the rumours prevalent amongst the masses.
4. Do not forget to go through the odds comparison websites before placing your bets.

According to a recent survey, a group of players on the slot machines were asked to participate in a poll. Out of these players, 21% of the players responded that their playing sessions lasted from one to four hours other than 25% players said that their slotting sessions lasted more than five hours. However, there are a lot of players who confessed to play the slots for money for about 10 to 14 hours at a time. A majority of these players gave the reason that they spend time on the slot sessions since they do not get to visit the casino quite often. But a few players said that they played for longer hours since they were fully engrossed in the game and lost track of time.

The themes and sounds of the casino are planned to make the players lose control in the atmosphere and suspend all realities. They take you to a fantasy world where there are no clocks or windows see. At the time when you sit down to play on the slots, the rotating reels are known to have a hypnotic effect on a few players. This is similar to the phenomenon known as the ‘highway hypnosis’.

The hypnosis symptoms occur in all those slot players who are deprived of proper sleep and nutrition since they spend hours sitting in front of the slots for cash. Instead of keeping a track on the passing lines in the centre, they simply stare at the wheels spinning while performing the same repetitive task of hitting the button. They are lulled in to the hypnotic state that causes them to lose track of time and they are not aware of the surroundings as well. In order to fight the trance, the players must keep their eyes moving around and not stare on the screen of the machine. The players can also schedule breaks after short intervals.

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Microgaming Software Systems Ltd., is a software development, company which launched the first online casino in 1994. The company provides software to the online gambling industry, and there are currently, more than 120 microgaming online casinos, and 40 poker rooms. A microgaming casino has a good reputation, and the games have the best graphics, sounds and bonus options.

Microgaming casinos have developed a networking system, consisting of websites that have poker and slots, as their main games. There are Poker Networks which hold tournaments, that allow poker players from all over the world to come together to play. Microgaming Progressive Jackpot Network has 21 slot games, that receive bets from various websites, so that the grand jackpots have a much higher value and the money also accumulates very fast.

For June 2009 there are three microgaming casinos which have been rated the best. They are WildJack Casino, Grand Mondial Casino and All Slots Casino. The Wildjack Casino is managed by the Jackpot Factory Group, and offer cashable bonuses. The games have the flash as well as the downloadable versions. These games need either the Mac OS X, or Windows XP or Vista operating system. The Grand Mondial which was originally called the Grand Monaco, offers 400% bonus on deposits, which are cashable. They also pay an interest on your cash balance with them. Once you are a player you will receive monthly bonuses, and become a part of their loyalty program. The All Slots Casino offers an initial 100% matching bonus, for a maximum of $200. You also receive 10% cash back on every purchase and 450 bonus credits every month. Among the Microgaming slot games, there are some which have become very popular. They are Tomb Raider – Secret of the Sword Slot, Burning Desire Slot, Adventure Palace Slot and many more.