Knowing When to Quit
I read an article in a poker publication some time ago. It was about a live poker player who recently spent a half-hour run “in the zone.” Apparently there were six major pots, and that writer won five. Then the writer was beaten two hands in a row, determined his streak was over, and left [...]
Quitting When I’m Ahead
You’ve heard the expression “Quit when you’re ahead,” applied to gambling. You’ve also heard, “When you’re on a hot streak, keep firing away!” These two bromides give opposite advice on what you should do when you actually hit a big jackpot. The first says go home. The second says stay and keep [...]
Podcast – guest author David Schwartz
Our guest this week is Professor David Schwartz. We talk about his new book Boardwalk Playground, which is a history of Atlantic City. podcast Click to listen. Alt click to [...]
Podcast – guest Max Coins
Our guest this week is Max Coins. We talk about managing risk, and how to analyze certain gambling situations. podcast Click to listen. Alt click to [...]
“Always Do Your Best” is Questionab...
How many times growing up were you told to always do your best? How many times have you told it to your own kids or grandkids? While it has a catchy ring to it, it is basically terrible, short-sighted advice that’s impossible to [...]
Local Casinos: Economic Revival, or Black Hole?
When the Horseshoe opened in Cleveland a couple years ago, I happened to be in the area for a wedding, and I couldn’t believe how excited these people were to get a casino! They were saying how they’d finally be a real city, and the TV news showed the people lining up on the street [...]
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