You’re at your favorite casino. You’ve played a lot all month and are now there for the big drawing. Here’s the way it works: Ten winners get called — they have a minute and a half to show up and identify themselves. If one or more spots are unclaimed after 90 seconds, more names are […]
Posts tagged gambling glossary
Lessons from Chip Reese
I was reading Mike Sexton’s new book, Life’s a Gamble, in preparation for interviewing Sexton on the radio. The Sexton interview will be taped before you read this and will be posted here (that link is to the filtered podcast archives) on Thursday, July 28. The book is autobiographical, with lots of anecdotes about Sexton himself and various other […]
Hiding in Plain Sight
Like any diligent student of Advantage Gaming I study a variety of games from many different sources. My classroom is the Gaming Research Center located on the third floor of the UNLV Lied library, where over the last 15 years I easily have spent several thousands of hours in study. There resides the most complete […]
The Story of my WSOP Demise
I went into Day 3 with 167,300, a little above average. I was happy with my stack, as my tables on my first two days were pretty tough, as tough as I can remember in the Main Event (ME). I was pretty tired, as I had played some very long days in the PLO 8 […]
Casino (Mis-)Management: Time Wasters #1-3
We can’t even cover all the ways casinos waste time in one post, so we’ll just look at three of them that relate to card handling. Now, if you’re in charge of cleaning up the floor of the New York Stock Exchange, do you send the custodians with their mops and vacuums in the middle […]
Teaching Advanced 8/5 Bonus
The new semester of free video poker classes at the South Point will begin on Wednesday, January 27, at noon, in the Grandview Lounge — which is eight days after this article is originally published. Everyone at least 21 years of age is welcome.
True Cost Of A Tout Part II
How difficult is it to show a profit if you pay for picks? Listening to the picks seller you’d come to the conclusion that it’s really not all that difficult. Ranges in cost can vary wildly. From picks as low as $1 per play to subscription services costing thousands of dollars with hi-end program names […]
True Cost of a Tout or Runner – Part I
What is the actual cost of a runner or tout if you are paying a fee on a per game basis expressed as a price or final cost/return ratio of the bet made?
Seeking Out Unfair Games
Many times I’ve written about video poker games that I consider fair. And what I mean by “fair” is that every unseen card has an equal chance of appearing next. Most people seem to accept my definition — or at least understand what I am talking about. However, I recently received an email at [email protected] […]
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