Best-selling author of ‘Liar’s Poker’ turns his attention to Wall Street
Ten years ago, few people were familiar with terms such as “subprime mortgage” and “credit default swaps.” Fewer still understood how they worked and the astounding potential they had to undermine the country’s entire financial framework.
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Casino gambling facts:
- If you have even seen a Baccarat player bend the cards and make a fold in them, don't be surprised. This is common because once the decks in the card shoe are finished in Baccarat, they are usually thrown away. In Baccarat, do not bet on a tie hand.
- Indian tribes have used their position as sovereign entities to develop a number of gaming establishments. Indian casinos operate in 22 states. This number is expected to grow.
- 1926: Las Vegas gets a regular air service. Western Air Express flies between Las Vegas and Salt Lake City. The airfield later becomes the site for the famous Sahara and Hilton hotels.
1931: Gambling is legalized in Nevada on March 19. Construction begins on the long awaited Hoover Dam.
- When playing blackjack, always split Aces and never split 4's, 5's or Tens. You would be surprised at how many players split Tens. Why risk getting a lower hand when you already have a twenty value? Also note that at most casinos, you are not allowed to re-split Aces.