 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Alan Krigman Archives
More Strategy Experts
|
Alan Krigman Gaming Guru - Page 19  Can you evaluate the luck factor in gambling?31 May 2010
Most casino buffs know that the house has an advantage, an edge, in its games. And that the edge is how the joints earn their dough. But few solid citizens (and not all that many bigwigs) realize that edge is a long-term affair. It's the net of casino wins minus losses over huge numbers of decisions, averaged across all the money bet. ... (read more)
Are alternate place bets at craps as different as they seem?24 May 2010
Craps offers a veritable smorgasbord of alternate bets. The wealth of wagers from which players can pick is both a strength and a weakness. Strength because of the ways bettors can tailor the action to suit their personal preferences. Weakness because the diversity of features can make comparisons ... (read more)
Can you afford to get an edge at blackjack by counting cards?17 May 2010
Casino bets are as tough to compare with one another as apples and oranges. House advantage or edge is often used to gauge alternatives. However, this criterion is really of value only to the bosses because its relevance lies in calculating long-term averages. Edge says little about the short-run bankroll ... (read more)
What edge does and doesn't tell you about chances of winning10 May 2010
House advantage or edge in casino games is related to the probability solid citizens will win or lose a round. The specific values are occasionally but not usually equal, however.
To illustrate, edge on any bet at single-zero roulette is 2.70 percent. But chance of winning depends on the particular wager. ... (read more)
Who says players can't have an edge at the slots?3 May 2010
Cash-back incentives for slot buffs are popular on both sides of the casino fence. The appeal to solid citizens seems obvious: extra dough to pump through the machines, moolah they didn't need to scrape together and never actually had, which translates into longer gambling time and more shots at a big payday on their own recreation budgets. ... (read more)
What's the source of the house advantage in blackjack?26 April 2010
Blackjack house advantage arises from double busts. Players who exceed 21 lose, even when the dealer subsequently also busts. In most casinos, dealers must hit totals 16 or below and stand on 17 or above, including those with ace valued at 11. Under this rule, dealers break an average of 28 percent of their hands. ... (read more)
How to make a million at the casino starting with a dollar19 April 2010
Anyone can make a million at a casino starting with a dollar. It takes lots of luck, of course. And, depending on the game and the betting strategy used, will power and time may also be necessary.
Consider three techniques. (1) A single $1 bet on a jackpot that either wins and pays a million, or loses. ... (read more)
Playing the Field Has Merits, but not Necessarily at Craps12 April 2010
You don't hear the expression much nowadays. Once upon a time, though, single men or women who dated but didn't "go steady" were said to be "playing the field." Psychologists, social scientists, and many parents considered this generally prudent.
At craps, playing the Field is almost universally regarded as foolish – certainly in terms of its adverse impact on bettors' bankrolls. ... (read more)
Why do so many players lose at the casino, and who gets the dough?5 April 2010
A common article of faith among civilians who scoff at casinos is that gambling victimizes or at least imposes a regressive de facto tax on the very solid citizens least able to afford the hits. The presumption is, since the operators have an edge in the games, players as a whole lose their lunch money to the fat cat owners. ... (read more)
Side bets at table games: high edge, but surely tempting29 March 2010
Folks who go to casinos nowadays often look for games in which small wagers can pay big bucks. Slot machines have traditionally afforded this possibility, and it's one reason for their immense popularity. Some table action now offers similar opportunities with side or bonus bets.
To understand the allure ... (read more)
< Previous 10 Articles | Next 10 Articles > Alan Krigman |
Alan Krigman |