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Alan Krigman Gaming Guru - Page 54  Have Fun with a Simple Betting Strategy Based on Longshots17 December 2002
Longshots are bets with large payoff ratios but small chances of winning. Lotteries, slot machines, and some table games with "side bets" carry the idea to the limits. Such extreme longshots only work for the repetitive wagering typical at casinos because they're generally structured as the highest rungs on payout ladders. ... (read more)
How Often Can You Expect Doubles to Help You in Blackjack?10 December 2002
The difference between winning and losing sessions at blackjack often depends on doubles. In particular, it hinges on 10s versus dealers' twos through nines and 11s against twos through 10s. Beating the bosses is greatly facilitated by getting a fair share of these hands, acting aggressively on them, and pulling the right cards when you do. ... (read more)
Volatility is a Powerful Tool, but It Cuts Both Ways4 December 2002
You're headed for the casino. You have $100 in your fanny pack and a premonition you're gonna leave with $1,000 and a bellyful of U-Krak-Em crab legs from the buffet, compliments of the house. How plausible is the hope that you'll achieve your monetary goal, multiplying your ... (read more)
How Often Should You Get What You Expect?26 November 2002
You don't have to be a Nikolai Ivanovitch Lobatchevskii to grasp some vital facts about events whose chance of occurring is "one out of some number." Namely, in that many trials, the average, expected, and most likely number of instances all equal one. Take a coin flip. The chance of heads is one out of two. ... (read more)
Caribbean Stud Players Pay the Price when Dealers Don't Qualify20 November 2002
What could exasperate a Caribbean Stud stalwart more than playing for hours without ever seeing a respectable hand? How about finally receiving a lollapaloosa, only to have the dealer not qualify? Or, perish the thought, to qualify with better cards? Picture the predicament. Make believe you start with $10 on Ante and pull three-of-a-kind. ... (read more)
How Easy Is It to Win What at Three-Card Poker?13 November 2002
Three-card poker has gained a loyal following in a relatively short time span. In part, because solid citizens think it's easy to win big. The most common way the game is being spread requires equal bets on "pair plus" and "ante." Players each receive three cards, which they grade according to poker value. ... (read more)
Can a Leopard Change Its Spots? Should a Blackjack Player?6 November 2002
Many blackjack buffs won't start a game without several people already in action at a table. Others prefer to gamble with as few compatriots as possible, even heads-up or one-on-one. Likewise, lots of players always bet on a single spot, but some wager on multiple hands - either regularly, to have an ... (read more)
You Can Join in the Excitement at Craps with these Simple Bets30 October 2002
Lots of people sense that craps is exciting, but are too cowed to try it. They can't figure out the rhyme or reason for wagers. Or what determines whether anyone loses or wins - and, when the latter, how much. And, they're afraid they'll need too big a stake to play. All to toss two dice and bet on how they'll land. ... (read more)
Why Intuition Gained in one Game Might not Apply in Another22 October 2002
A friend, a fervid fan of Let It Ride, returned from an unusually unsuccessful casino visit lamenting that the cards were so bad he never once got three-of-a-kind. It set me wondering exactly what the chances of this hand were - the likelihood of getting or not getting it, on any particular round or during a session of reasonable duration, over a spectrum of poker-oriented games. ... (read more)
Why the Next Gambling Book You'll Buy Will Probably Be Bunk16 October 2002
Worthwhile gambling references are heavily outweighed by garbage. I used to blame the victims. The folks naively seeking easy answers, loopholes in the laws of math, and secrets the casino bosses don't want anyone to know. Those to whom concepts such as expectation, volatility, skewness, and utility will forever be mysteries. ... (read more)
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