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Gaming Guru
That good old 2215 March 2013
Refreshing for readers what I wrote, with a dollar in hand as I walk out the door; occasionally I will go up to a roulette table and put $1 on my favorite number, 22 black, straight up. If it hits, I parlay my winnings, $35, along with my original $1 wager. If 22 were to repeat, my payday would soar to $1,260. Our friend Earl, questioned, "Am I a rank sentimentalist?" because the number 22 and the way I played it are associated with the movie Casablanca. Absolutely, but my nostalgia comes not only from one of my favorite movies, but from other sources as well. That "fixed" gesture of love from Rick, with the number 22 providing a ticket to freedom for one young couple, is not the only movie or event where the number 22 has been highlighted. You will see it played at a pivotal point not only in Casablanca, but also in The Sting and Lost in America. In addition, it was the first number called at Bill's Casino at South Lake Tahoe when it officially opened on July 1, 1987, at 7:01 p.m. I was the roulette dealer who called that first number, with one player having a $25 chip on it, and who won $875. Unluckily, he didn't parlay any of his winnings. Yep, it came up back to back. A question, though, begs to be asked. Is it a good bet? Mathematically, no. Still, let's break down the true odds of a parlayed winning bet on a roulette table anyway. There is a 1 in 38 chance that any one number hits once, and a 1 in 1,444 chance (38 x 38) that the very same number will hit twice in a row. Clearly, a one in a 1,444 chance doesn’t make for a good wager against a $1,260 payday. Nevertheless, I probably wagered no more than $400 maximum over a thirty-year period, and I have hit it four times. This leads me to the Law of Averages, and its relation to my, or any other gambler's, gaming timeline. The Law of Averages didn’t have time to work during those 400 spins. My stroke of luck aside, you should at no time put your faith in the belief that joyous aberrations in gambling odds will happen in games that carry a decent-sized house advantage. Instead, you should become the shrewd player who never ignores the mathematical odds that are working for or against you. Remember, every gambler's timeline is still relatively short, be it three hours or three days, or in my case, just 400 spins over 30 years of a roulette wheel. I am not ahead because the Law of Averages worked in my favor, but most likely it was because the Law of Averages didn't. Gambling Wisdom of the Week: "I'm shocked, shocked to find that gambling is going on in here." --Captain Louis Renault, "Casablanca" Recent Articles
Mark Pilarski |
Mark Pilarski |