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Alan Krigman Gaming Guru - Page 49  What Are Your Chances of Winning $100?2 December 2003
You're off to the casino with a modicum of mad money in your fanny pack and what
seems a sensible goal in your head. You want to win some amount, say $100. Your
non-sporting friends contend that nobody can beat the bosses. You know better.
You know it's a matter of chance. Only, you're not sure what the chance is. ... (read more)
Even-Money Equivalents Help Anticipate Swings in New Situations25 November 2003
Everybody understands that the higher the payoff on a bet, the less likely it
is to hit. You may not know the precise chance of a $50,000 slot machine jackpot
with $1 bet. But you can be sure it's smaller than the prospect of a $5,000 win
for the same wager on a similar game two seats away. Likewise, ... (read more)
How Smaller Bets with Bigger Edges Shape Session Outcomes18 November 2003
Some gamblers have the scratch to play for high stakes. But many folks can't afford
the minimum wagers required at most casino table games today. They therefore find
themselves avoiding the punting palaces altogether, bypassing the tables for the
slots, or blithely betting beyond their budgets or bankrolls.
... (read more)
Hit or Stand: The Hard 16 Dilemma in Blackjack11 November 2003
Blackjack buffs really hate a hard 16 against a dealer's seven- through ace-up.
This, whether the 16 is a 9-7 or 10-6 two-card combination, or a larger set such
as 7-8-A or 5-3-4-4. And the antipathy is well warranted. These are the weakest
positions in which players can find themselves. They're ... (read more)
Everything You Should Know about Baccarat, and More4 November 2003
Baccarat is a good choice if you're seeking casino table action but nervous about
trying. It's elegant, has relatively low house advantage, and is often offered
in mini versions with an affordable minimum bet. It's also simple to play. The
dealer does the complicated part. You need only decide whether to wager on Banker,
Player, or Tie. ... (read more)
How To Measure Chance: Odds, Fractions, and Percentages28 October 2003
It's happened. You're a heartbeat away from a royal at video poker. The machine,
the gods, or a classicist might say both in the form of a deus ex machina, dealt
you the jack, queen, king, and ace of clubs ?? along with a four of spades ??
for starters. Not to toss too wet a blanket on your excitement, ... (read more)
Give Those "Lay" Bets a Second Thought21 October 2003
Most casino action involves small to moderate bets offering equal or, more often
these days, much greater returns. The especial popularity of jackpot-oriented
wagers has a lot to do with "utility." Folks risk money they figure
they can always get, seeking fortunes they realize they'll never amass the ... (read more)
What Would You Give Up to Get a $5 Game?14 October 2003
Most casino buffs have been spoiled by perks. Free beverages on the floor. Comps
for the all-you-can-eat buffet. Gifts of ice scrapers, Schmutz Schmasher vacuum
cleaners, and whatnot. Yet, simultaneously, they gripe about the high minimum
bets at the tables. Thinking, wrongly, that everything's paid ... (read more)
Understanding the Ups and Downs of Baccarat7 October 2003
Baccarat is a good fit for folks who enjoy the agony and ecstasy of gambling as
well as the resplendence of the milieu, and don't come to the casino primarily
or exclusively to parlay small stakes into big bucks. The latter, because the
game does not have a payoff schedule with high retuns for low-probability results. ... (read more)
Money Is Money. Or, Is It?23 September 2003
Many casino buffs think in terms of "playing with the house's money." The
idea is keep increasing bet size with gains from past winning rounds. Good
luck escalates earnings faster and higher than they could go with bets
based solely on their own initial bankrolls. An eventual loss, even ... (read more)
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