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Alan Krigman Gaming Guru - Page 92

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The Song Is Wrong -- Always Count Your Money At The Table

20 March 1995
is'll come as a shock: Money in a casino is the same as it is on the street. A dollar bet and won or lost is worth a dollar in the real world of work and pay, buy and sell, save and spend. OK, maybe it seems banal. Watch people's action for a bit, though. Monitor your own. Then you'll agree. ... (read more)
 

Players Can Avoid Prolonging Those Cold Streaks

13 March 1995
was redeeming chips at a cashier's cage one day. The cashier, whom I knew, inquired how I'd been faring. "I was on a cold streak for a while but managed to get off," I replied. "What's the secret of doing that?" she asked. "Any such secret would be news to me," I confessed. Later, I realized that while I didn't know how to end a cold streak, I did know how to prolong one. ... (read more)
 

Gambling Styles Reflect Players' Inner Motivations

6 March 1995
ayers, read on at your own peril! This week's column is for casino workers, theorizing why competent bettors exposed to similar information and gaming experiences wager so differently. It touches on points where many players are tender, such as: Why some old hands chart tables and machines, track previous results, or follow "systems" when every proper pundit pooh-poohs such practices. ... (read more)
 

Betting Systems May Not Deliver What You Think They Promise

27 February 1995
ay I advertised a betting "system" offering over a 50-50 chance of winning, which paid more than even money. Say I asserted any solid citizen could use it, making $1 table bets even when the posted minimum was $5 or $10. And, say I guaranteed double your money back if you could show my figures were wrong, ... (read more)
 

Shaving the House Edge Lowers Your Need for Luck

20 February 1995
asinos have a mathematical edge or advantage in every game you play against them. To overcome this edge and gain a profit, you have to be lucky to win more or larger bets than predicted purely by principles of probability. The essence of smart play is to reduce the amount of luck you need. Maybe you're blessed by a bonanza right off the bat. ... (read more)
 

Blackjack Dealers Break Less Often Than You May Think

13 February 1995
Sometimes I wonder. Do we analytical wonks focus on the trees andforget the forest? Spray for fleas when the grizzly is charging? Take this reception for a company boasting about its digitaltelevision research. Formalities over, we were milling aroundmunching canapés. ... (read more)
 

The Odds Aren't What Gives the Casinos the Edge

6 February 1995
common misconception holds that casino gambling is a losing proposition because the odds are always with the house. It's true that casinos are favored in every game. But knowing why, and how to minimize the impact, goes beyond the odds on various bets. Odds are numbers expressing the chances of winning a bet. ... (read more)
 

In Gambling as in Life, Simpler Is Often Better

16 January 1995
ultimate purpose of this web site is to supply straight skinny on casino gambling, not rouse you from your reverie. So I hate to get too meditative or risk being accused of politically-incorrect pedantry. Such as by hinting of things in life beyond hooting, hollering, and hoping for happy happenstance. ... (read more)
 

Don't Be Intimidated by Craps; It's Simpler than You Think

9 January 1995
s tables are like ant farms. So much happens at once that they look confusing. But each participant has simple functions with limited options. It takes no great intellect or rigorous training to be an ant. Or a craps player. In craps, someone throws two dice and everyone bets on how they'll land. Richness ... (read more)
 

Some Machines Change the World; Slots Reflect It

12 December 1994
ound the house when I was little, "machine" meant "automobile." My grandmother was responsible for both use and implication of the term. Born in an Eastern European village in the 1800s, she'd probably never been over ten miles from home before leaving for America. The machine, in particular our '41 ... (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.