Gaming Gurus: Strategy Expert Article Archive - Page 934

The Experts Hedge on Wall Street, Why not at the Casino?

Hedges in gambling are means of "protecting" one bet with another -- akin to taking out an insurance policy. The idea is widely employed by sophisticated investors in the stock and bond markets. It can be applied in the casino as well...read more

The IRS Takes Gambling Record Keeping Seriously

Last week I stressed the importance of being prepared when tax season rolls along if you have gambling winnings to report. If you have kept the proper records and you are eligible to itemize, you will be able to offset gambling winnings on your federal return if you can prove losses up to but not surpassing the amount that you must claim as winnings...read more

The King Scobe Graduate Degree in Casino Gambling

When you walk into a casino, it is important that you know your stuff. Like a surgeon about to operate, like a President about to argue what the meaning of "is" is, and like a boy or girl scout getting ready to set fire to the woods by rubbing two sticks together, a casino gambler must be prepared for the games he or she is about to play...read more

Craps Edge Calculations

The Crapshooter © 2001 by Larry Edell My wife Andrea and I were supposed to meet some friends of ours, Dave and Dena, in Las Vegas for a marketing conference, but they arrived a day late. They were bringing their fifth wheel but their trailer hitch broke in Baker and was still there, waiting for repairs...read more

The 100 Most Significant Events of the 20th Century in Casino Gambling (81 to 85)

What is the leisure time activity that more adult Americans participate in than any other? Going to movies? No. Playing softball? No. Golf? No. Bowling? Come on! Tennis? Oh, my aching elbow! Stamp collecting? No. Coin collecting? You're getting colder...read more

Rebuilding a Collapsed Planet

Having stepped into something that resembled a web version of a hornet’s nest over the past few months in my attempts to launch the TahoeGamingGuide.com and its sister sites, please bear with me while I rebuild my planet. The deal died a painful death on Friday, with the anticipated financial funds being unplugged, and the threat of web death once again facing me head on...read more

Ask The Slot Expert

Dear John, Are online video poker machines on one main computer? I'm wondering whether long-term playing is an advantage or if the cards are bad to give it a rest and come back later hoping that the bad streak was played through by someone else...read more

Landowners' Greed Kills Dream of Riverfront Casino Cluster

Perhaps the most humorous comment coming out of last week's announcement that only one of the three Detroit casinos may relocate to the east river view district (MGM-Grand) came from condemnation attorney Jerome Pesick. He told The Detroit News "I hope the City will honor the options with people who have reached deals over their land." By definition, an "option" is a right to buy property if the option-holder (the City in this case) chooses to purchase it at the agreed-upon price...read more

The Casino Answer Man

Q. Can you give me some advice on strategy differences in the video poker games where you play more than one hand at a time? For example, if you're playing a single-hand game, you'd break up a flush to draw to four parts of a royal flush...read more

Why Being Too Clever by a Half Doubles the Casino's Edge

Every so often -- too often, actually -- craps players "discover" how to beat the casinos by betting both Pass and Don't Pass then taking or laying odds on one or the other. Their theory is that the flat bets are self-canceling, except for the rare loss on the come-out when a 12 appears...read more