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Best of John Marchel

Gaming Guru

 

Types of Games

5 November 2011

When it comes to gambling there are two basic types of games. There are games of chance and games of skill. Knowing the differences between the two is very important to you the player. One depends totally on lady luck with little skill of the player; the other depends a great deal on the skill of the player and very little on luck. Smart, knowledgeable and professional players will only play in games that have a small house edge. The novice and uninformed will play in any and all games unaware of the high house advantage or edge. The house must charge a price to be able to stay in business; but in some games the price can be unreasonable. You need to find those games and situations that allows for only a two percent or lower house advantage.

Games of chance

The first type, games of chance, includes craps, roulette, slot machines, the Big 6 wheel or wheel of fortune, keno, bingo and lotteries. The analogy in determining why these are considered games of chance is this: The dice, wheel, and ball have no "memory". That means that what happened on the last throw of the dice or spin of the wheel has no relevance on what will happen next. Each event is totally independent and separate with no relationship from the preceding one. These games of chance depend totally on lady luck, not on any skill of the player. The term used by scholars to describe games of chance is: "events of independent trials".

Games of skill

When we look at games of skill, like blackjack, baccarat, regular poker, sports and horse racing, we discover what happened before will affect what is going to happen next, making them "events of dependent trials". For example, if all the aces have shown up in the first round in blackjack, we know no more blackjacks are possible until the deck is reshuffled. Playing perfect strategy at poker will greatly increase your chances of winning the hand. Becoming a handicapper at racing will give you the best chance of betting successfully at the track.

It has been proven time and time again that most losses at gambling are the result of poor playing, faulty strategy, poor money management and flawed systems on the part of the player; players beat themselves. Players will hit when they should stand, they call when they should fold and they continue to bet instead of walking away. There is an old gamblers saying: "The smarter you play, the more lucky you'll be."

When it comes to gambling, knowledge is the key to winning. To overcome any shortcomings, you should know how to play the various games offered and play them correctly. Naive visitors don't really know what they are facing when they enter a casino. Many are unaware of what the house advantages are on the table games and machines. Obtaining knowledge about gambling is the best means available which will lead to many winning visits at the casino.

Bet You Didn't Know

  • Currently, more than 43 percent of Nevada's state general fund is fed by gambling tax revenue.
  • In WWII, Colonel Henry B. Barry of the Army Quartermaster depot in New Jersey described the purchase of 750,000 pairs of dice as a "comfort item" for the troops in the military.
  • The first recorded lottery with a monetary prize was in Florence, Italy in 1530. It was established to raise money for local government.
  • We've read that sheep's anklebones were used as early dice. The reason they were used is simple; the sheep's ankle or knucklebone is square, and four-sided.
  • The first known school for dealers (croupiers) was opened by Louis Blance, the manager of the Monte Carlo casino in Monaco.
  • According to the European Union (EU), gambling is ranked as the 12th largest industry in the entire federation.
Recent Articles
Best of John Marchel
John Marchel
John Marchel is an author, speaker, teacher and player -- what John plays are casino games. He’s been a casino player for over 25 years and has played successfully in Europe, Panama, the Caribbean, Canada, Atlantic City, Las Vegas, on Indian reservations, cruise ships and in over 350 casinos throughout the US. He is also the author of six books about gambling, and has written numerous magazine articles and is currently a columnist for three gambling magazines and one internet magazine.

Since 1988 John has combined his experience as a manager, teacher and player to present seminars and lectures about gambling. In addition, John has had an Internet website since 1995 that offers books, special reports and tips about gambling. He also publishes a monthly Internet gambling newsletter. The newsletter keeps subscribers alert to trends, information and winning techniques that allows them to be more successful when visiting casinos.

John Marchel Websites:

johnmarchelgambling.com

Books by John Marchel:

KISS Guide to Gambling

> More Books By John Marchel

John Marchel
John Marchel is an author, speaker, teacher and player -- what John plays are casino games. He’s been a casino player for over 25 years and has played successfully in Europe, Panama, the Caribbean, Canada, Atlantic City, Las Vegas, on Indian reservations, cruise ships and in over 350 casinos throughout the US. He is also the author of six books about gambling, and has written numerous magazine articles and is currently a columnist for three gambling magazines and one internet magazine.

Since 1988 John has combined his experience as a manager, teacher and player to present seminars and lectures about gambling. In addition, John has had an Internet website since 1995 that offers books, special reports and tips about gambling. He also publishes a monthly Internet gambling newsletter. The newsletter keeps subscribers alert to trends, information and winning techniques that allows them to be more successful when visiting casinos.

John Marchel Websites:

johnmarchelgambling.com

Books by John Marchel:

101 Casino Gambling Tips: Affordable Strategies & Techniques for Maximizing Profits & Reducing Loses

> More Books By John Marchel