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Alan Krigman Gaming Guru - Page 15  Would you pay $0.25 per round up-front to play $2 blackjack?28 February 2011
Resorts Casino in Atlantic City presently has two blackjack tables with minimum bets of $2. Ordinarily, assuming solid citizens who'd elect to play at this level are unsophisticated and the rules suboptimal, the house might get 1 percent edge on the action. This edge would generate $0.02 per hand, making the set-up a losing deal for the bosses. ... (read more)
How would you set up place bets in a craps game with three five-sided dice?21 February 2011
Big bucks can be made by developing casino games that the joints adopt and players frequent. This, owing to the ongoing hefty fees the bosses pay to license proprietary offerings. However, of the numerous games being devised, few get considered seriously. And, of those that do, only a tiny fraction attain ... (read more)
There's more to play-or-fold and dealer qualification than meets the eye14 February 2011
In some casino table games, rounds are decided by comparing players' and dealers' hands. If the hands have equal probabilities, additional provisions are needed or edge would be zero and neither bosses nor bettors would have average – statistically-expected – wins or losses. Several methods are used to introduce unbalance and give the house an edge. ... (read more)
How does the casino get its edge on the bets you make?7 February 2011
Most folks you might ask, civilians you encounter in the real world as well as solid citizens you meet in the casino, think the bosses get their edge by winning more bets than they lose. Astute players can readily identify propositions they have a greater chance to win than lose, however. For instance, at single-zero roulette, pretend someone splits a bet evenly between two 12-number columns. ... (read more)
You can get lucky chasing losses, but the more you play, the less the chance31 January 2011
Casinos generate their earnings by nibbling off small percentages of the money players wager. Say, for instance, you're a roulette buff and always bet $5 on each of three rows – $15 total per spin. Edge, assuming a double-zero game, is 5.26 percent; the bosses therefore figure your action per spin is worth 5.26 percent of $15 – just under $0.79. ... (read more)
How long must you play to hit your blackjack win goal or loss limit?24 January 2011
You can start a casino game and grab or drop a bundle in blink of an eye. This isn't the usual situation, however. More often, if you size your bets to your bankroll, you'll neither quickly soar to riches nor plunge to insolvency. Instead, you'll enjoy or endure an appropriately long session with the ups and ... (read more)
If the casino has an edge, why is video poker so popular?17 January 2011
Video poker games commonly give the house edges between roughly 2.5 and 5 percent – or, stated optimistically – offer players about 97.5 to 95 percent return. Euphemisms aside, the figures show that, on the average, funds flow freely from bettors' bankrolls to casinos' coffers.
Some people won't gamble in casinos at all – and wouldn't, even if the joints had no advantage. ... (read more)
How does the casino get its edge on the bets you make?11 January 2011
Most folks you might ask, civilians you encounter in the real world as well as solid citizens you meet in the casino, think the bosses get their edge by winning more bets than they lose. Astute players can readily identify propositions they have a greater chance to win than lose, however. For instance, at single-zero roulette, pretend someone splits a bet evenly between two 12-number columns. ... (read more)
Do you know when to quit a casino session?10 January 2011
Casino aficionados routinely accept risks on series of adverse wagers they wouldn't consider as isolated bets. The casino and isolated cases differ in that the former involve cumulative effects players think can be profitable if they know when to quit. But, as Hamlet said, "there's the rub."
To some ... (read more)
Why you can't make informed choices among slot machines3 January 2011
Casino gambles are wholly characterized by two pieces of data – the payoff per unit bet and the probability of winning. Everything else that can be known – such as edge and expected long-term gain or loss, the kinds of bankroll swings you can expect to encounter during the action, the likelihood you have ... (read more)
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