Admittedly, you have to do some other calculations and memorize some tables before you'll be ready to make intelligent increases in your bets, to say nothing of having to learn how to do it under pressure. Read more.
NRS Specifically, there are eight listed acts which constitute gambling fraud. The first listed act constituting gaming fraud is "alter[ing] or misrepresent[ing] the outcome of a game or other event on which wagers have been made after the outcome is made sure but before it is revealed to the players.
The second type of gaming fraud is placing a bet, increasing a bet, or decreasing a bet based on inside information that other players don't know. These first two types of gaming fraud usually require the help of an accomplice casino employee. The third type of gaming fraud listed in NRS The fourth type of gambling fraud is knowingly enticing or inducing another person to go to a casino to cheat at gambling as defined in Chapter of the Nevada Revised Statutes. So if one person encourages another person to cheat at a casino, the first person has committed gambling fraud under this statute.
The fifth type of gambling fraud is placing a bet after the player knows the outcome of the game. This includes "past-posting" and "pressing bets. Pressing a bet can involve increasing one's bet in a table or card game after the outcome is known or when the odds of winning have increased.
The sixth listed type of casino fraud is reducing the amount wagered or cancelling the bet after acquiring knowledge that the player has made a losing bet or his odds of winning have decreased. This is referred to as "pinching" a bet. The seventh listed type of gaming fraud involves manipulating a gaming device such as a slot machine in a manner not consistent with the device's intended use. This can include "varying the pull of the handle of a slot machine, with knowledge that the manipulation affects the outcome of the game.
The eighth and final type of gaming fraud listed in NRS In particular, it is gaming fraud to bribe someone to influence the outcome of a sporting event, or to place or alter a bet based on inside information that someone has been bribed and the result of a sporting event has been influenced. A cheating device is any outside device that gives the player an advantage in any casino game.
This includes any device that projects an outcome, keeps track of cards, analyzes probabilities, or gives strategies in any casino game. Pursuant to this statute, it is illegal not only to use counterfeit chips and other gaming tokens, but to manufacture or possess these items while in a casino. This includes cards, chips, dice, or any devices intended to be used for cheating. It is also unlawful under this statute to teach someone how to cheat at gambling or show that person how to use a cheating device, with the knowledge or intent that the information or use so conveyed may be employed to cheat a gambling establishment.
An attempt to commit any of the acts outlined above, or entering into a conspiracy to commit any of these acts, is punishable as a felony offense with the same penalty as the completed crime. Ordinarily, attempting but failing to commit a crime, or entering into an agreement with others to commit a crime, but not actually committing the crime itself, is a lesser offense.
Not so with casino cheating. The punishment is exactly the same. Each of the above offenses is a category B felony. A second offense has the same potential sentence, but the judge cannot grant the defendant probation. In other words, for a first conviction, the defendant may receive a suspended sentence and probation.
Data also provided by. Madoff 10 Years Later: American Greed: Deadly Rich: Read more. Independent Programming. News Tips Got a confidential news tip? We want to hear from you. Get In Touch.
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