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Alan Krigman Gaming Guru - Page 63  Quitting with a Profit Is the Toughest Gambling Decision of Al14 February 2001
What's the toughest decision bettors make at the machines or tables? It varies among individuals. But, for many, it's whether to cash out or continue when they reach a logical closure point with a profit that seems less at the moment than it will later. All functioning adults know what to do if they go bust. ... (read more)
Do You Prefer Table Games with Jackpot Options?8 February 2001
Jackpot versions of existing table games appear now and again. Some are intended to enhance the appeal for current players. Others are meant to attract solid citizens previously focused on the slots, who want a broader experience than the machines without sacrificing the chance that their next bet will beget a bonanza. ... (read more)
Is Card Counting at Blackjack Worth Your While?31 January 2001
I was coddling a cappuccino at a casino's posh high roller club a few weeks ago with some blackjack-playing cronies, Basil and Courtney. Basil is a club member. Courtney and I were his guests. Basil follows basic strategy to the letter. He bets $100 most of the time, with ... (read more)
How Casinos Measure House Advantage, and What the Values Mean24 January 2001
Everybody knows why casinos get rich. They have an advantage on every bet in games of independent trials. But only a handful of hopefuls understands how the handicap is achieved. Many solid citizens think it's just that the bosses have more chance of winning every round than the players... ... (read more)
How Do You Evaluate Chance in Gambling19 January 2001
Gamblers, and most civilians as well, are continually confronted with predicaments posed by uncertainty and chance. Yet, these phenomena are as elusive as they are pervasive. At the root of the puzzlement is the discomfort people experience with risk rather than assurance. Will it rain ... (read more)
Should You Bet Higher If It Cuts the Casino's Edge?10 January 2001
Craps players betting the line and come can squeeze most of the oink out of the banker's bacon by backing up their wagers with the maximum allowable odds. This is because the casino earns a theoretical 1.4 cents per dollar on the starting bet and nothing on the odds. So, with $10 adorning the line, the house pencils in $0.14 profit. ... (read more)
Widen or Narrow Your Bankroll Swings with Your Betting Strategy3 January 2001
Wishful thinking and that "system" you bought for $149.95 aside, you can't control or predict which cards will be drawn next, how dice will land, where balls or wheels will stop, or other events that decide games of chance. So you can't dictate casino triumphs by betting big when wins are sure and cutting or holding back when losses are unavoidable. ... (read more)
Slot Machine Hit Rate: Another Path to Gambling Self-Delusion22 October 2000
Most slot aficionados realize that every machine has a certain, albeit undisclosed, return percentage. This is the fraction of the money passing through the unit which is repaid to players over an extended period. It's the complement of the edge or house advantage on the game. That is, a ... (read more)
Blackjack: Three Subtle Questions16 October 2000
Blackjack is subtle because distinctions between alternatives in many situations are so fine that intuition doesn't necessarily help. In fact, statistically correct strategies were unknown until the poo-bahs programmed powerful computers to pick the proverbial nits. So, questions solid citizens ask about the game are often quite cogent. ... (read more)
Baccarat: Three Frequently Asked Questions9 October 2000
Baccarat was once exclusively a big buck game for high rollers. It's now
also widely offered with more modest limits, usually as mini-baccarat. The
tenor of the versions differ, chiefly because bettors handle the cards in
the full-blown game while only dealers do so in the mini-variant. ... (read more)
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