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Alan Krigman Gaming Guru - Page 68

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You Can Win 80 Percent of the Time... And Still Lose

2 March 2000
Casino gambling is expanding on land, sea, and if not in the air then at least in the cyberspace of the Internet. One result is that neophytes galore are dipping their toes into the wagering waters. And the buzzards are circling, ready to pounce on these naive new legions of lemmings with offers of secret systems. ... (read more)
 

Manage Chance to Cut Your Reliance on Luck

21 February 2000
Everyone knows luck figures into gambling. Even the ablest poker, blackjack, and craps strategists lose. On occasion, at least. And people who couldn't tell a bonus slot in a casino from a candy vendo in a mini-mart hit giant jackpots. Sometimes, anyway. But, luck is only one element. Chance is another. ... (read more)
 

How Bad Is It to Stand on 16 when the Book Says to Hit?

14 February 2000
Blackjack buffs really hate to look at their cards and see those nine-seven or 10-six totals of 16 staring back. They're not wild about pairs of eights, either, but that's a tale for another day. A 16 is the player's weakest starting point. As-is, it can't win unless the dealer busts. But, drawing another card is risky since anything from six through 10 causes an immediate loss. ... (read more)
 

Make Believe It's Real Money

8 February 2000
In olden days, gurus were expected to give long complicated answers to any questions worth asking. For instance, people wondered why they could never remember the names of certain acquaintances. Sigmund Freud responded, writing a ponderous tome on the topic. Nobody would have put stock in his doctrines had Freud tossed them off in sound bites. ... (read more)
 

Trying to Recoup Past Losses Can Cloud Your Judgement

3 February 2000
Anything can happen to a bankroll in a casino. Everyone seeks a boon and dreads a bust, of course. For the majority of games and betting strategies, though, these extremes are rare. Most gamblers, at least those who last long enough to be considered experienced, accordingly develop intuition about the gains or losses they can anticipate during normal gambling sessions. ... (read more)
 

Fighting the Casino on Two Fronts, Odds and Edge

26 January 2000
Casino gambling is usually a two-front fight. With certain exceptions, players must surmount adverse odds while also weathering the erosive effects of house edge. Little about casinos boggles the brains of betting buffs as badly as the distinction between these two factors. Here it is, simply put. Odds indicate the chances of losing versus winning. ... (read more)
 

What Can You Lose by Going for the Gold with Their Money?

19 January 2000
Over a second rice pudding the other day at an all-you-can-eat casino buffet, a fellow fresser filled me in on his video poker philosophy. He wasn't interested in a modest gain, he said, but would play until either his buy-in was gone or he hit a jackpot. Most gambling gurus advocate locking up profit whenever possible, rather than giving intermediate winnings back to the casino. ... (read more)
 

How Betting Progressions Affect Likely Bankroll Swings

12 January 2000
Misconceptions and misunderstandings mire casino gambling in mystery. But no puzzle perplexes more punters than the impact of betting progressions on player prosperity at table games. Hosts of hopefuls have firm faith that somehow, somewhere, a magical method of manipulating money exists that will excise the house advantage. ... (read more)
 

Risk and Reward: You Can't Have It Both Ways

4 January 2000
Every casino game offers a trade-off between the chance you'll win and what you'll collect if you do. Players who understand gambling as well as they make believe, decide in advance whether they want a good shot at a small payday or prefer to buck long odds against rich rewards, then pick their wagers accordingly. ... (read more)
 

Should You Lay Odds on "Don't" Bets at Craps?

27 December 1999
Craps players who follow "don't pass" or "don't come" strategies hotly debate whether it's preferable to lay odds after the come-out roll, or simply start higher and stick with their flat bets. Most dice doyens declare that laying as much as possible in odds is optimum because it minimizes the house advantage in the game. ... (read more)

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Alan Krigman
Alan Krigman was a weekly syndicated newspaper gaming columnist and Editor & Publisher of Winning Ways, a monthly newsletter for casino aficionados. His columns focused on gambling probability and statistics. He passed away in October, 2013.
Alan Krigman
Alan Krigman was a weekly syndicated newspaper gaming columnist and Editor & Publisher of Winning Ways, a monthly newsletter for casino aficionados. His columns focused on gambling probability and statistics. He passed away in October, 2013.