 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Alan Krigman Archives
More Strategy Experts
|
Alan Krigman Gaming Guru - Page 51  Why It's Easy to Believe Rare Events Happen All the Time8 July 2003
Assume you go "with the dice" at craps. You start with a wager on the pass
line, then likely add Odds and make Place, Buy, or Come bets after the
come-out roll. Your worst nightmare is loading the layout, then watching
the seven pop before you've collected anything. It happens. ... (read more)
How Realistic Are Your Casino Profit Goals?1 July 2003
What's the chance of entering a casino with one pile of pelf and leaving
with some greater amount, assuming you go for broke? That is, growing
stake "S" to fortune "F" before busting out. In the limit, a "fair" game
with no edge, the probability equals S divided by F. Bet size doesn't
enter into this "ideal" equation. ... (read more)
Which Blackjack Hands Put You in the Catbird Seat?23 June 2003
Some combinations of player totals and dealer upcards at blackjack are
favorable, at least when handled properly. Others are adverse regardless
of how executed.
The junk outnumbers the jems by 11-to-10 based on probabilities of
losing and winning. However, the 3-to-2 ... (read more)
Side Action Usually Means Sucker Bets, Unless You Win17 June 2003
Longshots offer big returns for small bets, with odds often so steep that
gamblers know their chances are remote and don't worry about how much.
Statistically, they're usually sucker bets. But the high payoffs draw lots
of folks to the slots and the lotteries. And they encourage side action at
casino tables as well. ... (read more)
Gamblers Can Be Right by Being Wrong (and Conversely)10 June 2003
Many gamblers want badly to believe in the Law of The Maturity of Chances.
That is, the more often a proposition fails, the more it becomes due to
succeed. The proof they cite for this pudding is that the probability of
repeated losses tends toward zero as series lengthen, so chances of a win
must rise toward certainty.
... (read more)
Who Cares If Numbers Have to Roll Twice to Pay on Come Bets?3 June 2003
Craps players have lots of reasons for making Place rather than Come bets.
They want chips all over the layout as soon as a shooter establishes a
point, for fear of missing the start of a hot roll. Their daughter was
born at 5:55 on 5/5/55 so five is their lucky number. They can't ... (read more)
Why "the Book" Says What It Does for Aces, Eights, and 11s vs Aces27 May 2003
Every blackjack buff has heard the hortation: "always split aces and
eights regardless of the dealer up-card; always double on totals of 11
except against aces." Yet many bettors question it. Realizing that a 10 in
the hole renders any choices moot, they wonder about wasting twice as ... (read more)
Multi-Hand Video Poker: Jackpot or Jack-in-the-Box?20 May 2003
Video poker was a genuine breakthrough in slot machines. Previous advances
were in the bowels of the banditos, mechanical then electronic innovations
that raised reliability and versatility. But they offered little apparent
change other than wider ranges of probabilities and consequent ... (read more)
How to Maximize Your Edge when You Act as Banker13 May 2003
In most casino table games, the house functions as Banker. This means that
the dealer opposes all patrons, who act as Players, paying winners and
collecting from losers. The casino earns its profit in these games by one
or both of two means: a) payoffs are slightly below the odds ... (read more)
We have seen the future of gambling, and it's TACKIE.6 May 2003
Gaming industry executives were recently treated to a preview of Totally
Automated Casino and Keno Interactive Entertainment (TACKIE). The movers
and shakers predict that TACKIE facilities will soon replace the outmoded
punting palaces of yesteryear.
TACKIE installations ... (read more)
< Previous 10 Articles | Next 10 Articles > Alan Krigman |
Alan Krigman |