http://Catlin.CasinoCityTimes.com Casino City Times is The Source for the latest gaming news, gaming strategy and gambling tips from the industry's leading experts. en-us Thu, 09 Feb 2012 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/60532.html One of the interesting and entertaining things about writing these monthly articles is that I occasionally get a letter from an enlightened reader who casts a novel approach to one of the questions I address. Such is the case in a letter I received from one of my readers named David Korsnack. David addressed the problem I wrote about in my... Sun, 05 Feb 2012 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/60532.html http://Catlin.CasinoCityTimes.com/articles/60417.html You may have heard on the news that the state of Massachusetts has approved a bill that authorizes casino gaming in the state. Agreements on the details of the bill were worked out between Senate President Therese Murray and Speaker of the House Robert DeLeo and the bill was then signed into law by Governor Duval Patrick. The bill allows for... Sun, 01 Jan 2012 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/60417.html http://Catlin.CasinoCityTimes.com/articles/60363.html             I recently received an email from my old friend and colleague The Midnight Skulker.  Every now and then the Skulker sends me an interesting fact, a puzzle, or an interesting question.  This time it was a question and I gave the Skulker the wrong answer.  He caught my error and proceeded to solve the problem correctly.  I’ll give... Sun, 04 Dec 2011 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/60363.html http://Catlin.CasinoCityTimes.com/articles/60329.html             In November and December of 1999, I published a couple of articles entitled Independence Day and Cardano Revisited.  The point of these two articles was to show how to solve a problem posed by the Italian mathematician Cardano centuries ago using the notion of probabilistic independence.  I was reminded of these articles recently... Sun, 20 Nov 2011 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/60329.html http://Catlin.CasinoCityTimes.com/articles/60199.html In my August article I explained how to take an arbitrary random variable X and approximate it as a random walk.  The two statistical quantities we used were the mean M and the variance.  Using the material in my September article we could then find an approximate solution to the ruin problem. Let’s suppose that X represents the... Sun, 02 Oct 2011 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/60199.html http://Catlin.CasinoCityTimes.com/articles/60115.html As I indicated at the end of last month's article, this month I am going to derive the classic ruin formula for the one dimensional random walk. Though this derivation is available in many, many standard references, these references are probably not among most of my readers holdings. So here goes. Think of a particle moving randomly on the... Sun, 04 Sep 2011 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/60115.html http://Catlin.CasinoCityTimes.com/articles/60045.html In my June 2011 article I addressed a ruin question about Blackjack from one of my readers.  In it I proposed a simple scheme that used a one-dimensional random walk model that had the same expected value as Blackjack.  Well, did I get feedback!    Several readers, including my good friend and colleague Stewart Ethier from the University... Sun, 07 Aug 2011 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/60045.html http://Catlin.CasinoCityTimes.com/articles/59939.html I recently received the following letter from one of my readers named Dave. Mt. Airy casino in Mt. Pocono, Penna. has the 3-4-5 free odds at the craps table. During the course of the game I realized that my pass line ($10) and max free odds always worked out to a $70 win. No matter what the point number was. That's if I won! Driving... Sun, 03 Jul 2011 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/59939.html http://Catlin.CasinoCityTimes.com/articles/59886.html I recently received the following letter from Amy, one of my readers: Dear Sir, Alan Krigman says if you go for winning 10 hands at Blackjack (with a bankroll of 50 times your bet) you have a 4:1 chance of winning and a 9:1 chance of winning if you go for winning 4 hands. I take it the math is not linear. So what are your chances of... Sun, 19 Jun 2011 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/59886.html http://Catlin.CasinoCityTimes.com/articles/59745.html The following is part of an email I received a while ago from one of my readers. My question has to do with "dice control." Assuming that you could come up with one less seven every 36 rolls (in other words only 5 sevens in 36 rolls), what would be the optimum profit margin to attain before raising your Pass Line bet? Although I believe... Sun, 01 May 2011 00:00:00 EST http://Catlin.CasinoCityTimes.com/articles/59745.html