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Alan Krigman Gaming Guru - Page 64  Roulette: Three Frequently Asked Questions2 October 2000
As you might imagine, I field a lot of questions when I'm in a casino. Here are three about roulette that are asked frequently. If a color has been winning a lot, do your odds improve by betting with it or against it on the next round? Neither. Roulette is a game of independent trials. ... (read more)
Is It Worth What It Costs to Hedge Your Bets?2 October 2000
Some casino table game players relish opportunities to hedge. That is, to make opposing secondary wagers which -- for a price -- eliminate or reduce risks associated with their primary bets. Arguably, the most common casino hedge is money on Any Craps to protect the Pass Line during the come-out roll at a dice table. ... (read more)
What If You Can't Afford to Double or Split at Blackjack?2 October 2000
Veteran blackjack buffs are often aghast at the thought of defying Basic Strategy. Some go as far as to leave a table where another player is committing this iniquity; it's not out of pity or moral indignation, but belief that such action changes the flow of the cards and ruins the game for everyone else. ... (read more)
How Long Must You Play before the Law of Averages Takes Effect?2 October 2000
Everyone knows that casinos have the edge on every bet they book at their machines or tables. A few grizzled gamblers also realize that in the statistically short span of a typical session, the inherent volatility of casino games eclipses this house advantage. So, virtually anything can -- and does -- happen. ... (read more)
Should You Divide Your Bankroll into Session Stakes?2 October 2000
Good gamblers set sail on casino campaigns with betting budgets above which they do not deviate. But even the gurus disagree whether to risk the whole shebang on each and every foray, or to split a bankroll into separate stakes for specific sorties. Intuitively, the trade-offs are clear. Consolidated ... (read more)
Something's Gotta Fall when Slot Machine Hit Rate Rises2 October 2000
What most people enjoy best about the slots is the chance to get rich quick. This, and the notion that their bankrolls buy them as good a shot as the same moola merits an Einstein or Rockefeller. Make no mistake... as a gambler, I relish these things, too. But, as a numero-noodnik, I also like the way the ... (read more)
Even with an Edge, Don't Gamble if You Can't Cover Your Losses2 October 2000
I've read and heard some terrible gambling advice over the years. I may
have even made suggestions myself, that I'd now modify or qualify. But I
recently ran across what has to be the bottom of the barrel. I'll
elaborate, trusting that nobody will read only selected words ... (read more)
Proposition Bets at Craps Are Appealing Despite the High Edge2 October 2000
"Propositions" or "props," listed in the accompanying table, are one-roll craps bets. They win or lose every time the dice are called. Casinos all offer prop bets on the two, three, seven, 11, and 12. In some jurisdictions, casinos also book propositions ... (read more)
How Hard Is It to Get Rich the Easy Way?2 October 2000
Why do you go to the casinos? To have fun? Socialize? Overeat? Get out
of the house into a world with a bit more verve than a ratty couch and
grainy TV? Be treated with respect -- at least, to your face? Thrill to
the ups and downs of money that matters to you? Take a ... (read more)
How Do You Know What's True about Gambling?2 October 2000
What do you believe about gambling -- about identifying hot or cold
tables or machines, forming or following decision strategies,
progressing or regressing your bets, changing games or seats, quitting
at some loss limit or win goal, and the like? How did you reach your
... (read more)
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