Continue reading Changes as They Happen Tag: gambling
IS ANY CASINO GAME EVER ‘DUE’ TO PAY OUT?
This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.
AC says:
Most have heard the argument that slot machines, as well as numbers on roulette wheels, crap tables, keno games, and the like, don’t become due. Still, many gamblers feel that there is validity in the belief that “being due” is sometimes a factor in gambling games. This article makes the point that “due theories” aren’t valid in games of independent trials, which include those just listed. Interestingly, although not mentioned in the article, in a game like roulette, it’s more likely that a number that has not shown over many spins should be avoided, as its disproportionate number of appearances could be related to a bias in the equipment that’s preventing it from coming up. Essentially, it’s the due theory in reverse. In fact, the converse, which is a number coming up significantly more often than 1-in-38 spins (on a double-zero wheel), is the basis of the winning strategy of playing biased roulette wheels. This idea is touched on in our book Gambling 102—The Best Strategies for All Casino Games and in the chapter on Billy Walters in Gambling Wizards—Conversations with the World’s Greatest Gamblers.
This article was written by Jerry Stich in association with 888Casino.
IS ANY CASINO GAME EVER ‘DUE’ TO PAY OUT?
Serious casino gamblers understand the concept of the return of casino games. Simply put, it is the amount of money bet while playing a casino game that is returned to the player.
Most also understand that the return percentages given are mathematically calculated and are based on an infinite number of bets. They understand the short-term return percentages can vary significantly from the mathematically calculated long-term return percentages.
Few gamblers understand how the transition from short-term to long-term results works. Many gamblers, systems sellers, and pundits also do not understand this phenomenon.
Is any casino game ever due? Read on to find out.
BAD CASINO GAMBLING ADVICE FROM THE MOUTHS OF BABES
This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.
AC says:
Save for one point, I have no arguments with the advice given here. No betting system will allow you to beat a negative-expectation game. Blackjack basic strategy is the best way to play if you aren’t counting cards or otherwise have information that calls for departures. Most importantly, though, is the emphasis on slowing down play, which usually means playing the games at full tables. When you have an edge, you want speed. When you don’t, then slower is the goal. Bathroom breaks during play, not during the shuffle. Nice. As for the one disagreement mentioned above, I’m not sold on “dice control” as an actionable strategy in the real casino world. But that’s a whole other discussion.
This article was written by Frank Scoblete in association with 888Casino.
BAD CASINO GAMBLING ADVICE FROM THE MOUTHS OF BABES
Everything in this article is absolutely true (meaning absolutely false) and the words come from the mouths of casino gamblers – adult casino players, not kids. However, the advice and opinions offered go from just bad to just horrendous and everything in between.
Too many casino players just have totally wrong opinions, and yet on some of these opinions those players just can’t let them go. Indeed, all the more horror for them if they cling to such falsehoods because it costs them a lot more in losses than they need to experience. In general, casinos don’t have such real horrors in their thinking for casinos it is just money in and money in.
Podcast – Billy Baxter episode 15
Billy Baxter is a legend in the gambling world. Today we focus on his time as a boxing manager, and some very high stakes golf games.
You can reach me at [email protected], or find me on Twitter @RWM21. If you like the show please tell a friend you think might like it, or if you are really ambitious leave a review wherever you listen.
podcast – https://www.spreaker.com/episode/billybaxter–58627231
Podcast – Sports Books Behaving Badly with Bob Loeb
Bob Dancer and I are back doing a Gambling With an Edge episode. We interview attorney Bob Loeb about the recent trend of legal, regulated sportsbooks stealing people’s money.
Podcast – https://www.spreaker.com/user/7418966/loeb12-22-23final
How Would You Play This One?
I received an email from a player, “Sam,” discussing a promotion that has come and gone, in an unnamed casino in an unnamed state. He wanted to know how I would have analyzed whether or not to play it.
The gist of the promotion was that for two consecutive days, four hours per day, each W-2G received the following free play bonuses:
Continue reading How Would You Play This One?A New Experience for Me
I’ve had an amazing experience that is new to me as a gambler.
I’ve been learning a bit about advantage slots — and playing them with moderate success. I’m not going to go into detail, but some games are the type that if one particular number is above 40 and another particular number is above 30, the player has the advantage for some length of time.
Continue reading A New Experience for MeTrying to Go Back Again
From 1974 to 1980, I was involved full-time in backgammon — to the tune of 3,000 hours a year, including playing, studying, and for a brief while running a tournament. I went broke. While I had done well against new players, the backgammon craze waned, and the remaining players were superior to me. Playing against superior players is a prescription for bankruptcy.
Over the next decade, I played or studied perhaps 1,000 hours a year because I had to maintain a full-time job to support myself. And I managed to play for smaller stakes against weaker players. At the end, I was a fairly strong intermediate player, by the standards of the day. There were a number of much stronger players around. Try as I might, I just didn’t have the ability to evenly compete with them. And so I avoided playing them.
Continue reading Trying to Go Back AgainNew Casino Opening Up
Resorts World Las Vegas is set to open on June 24. You can bet I’ll be there in the first few days to check things out. If I find anything playable, I’ll play a lot and sit back and wait and see what comes in the mail. I suppose you could say that’s my standard M.O. at casino openings.
Some of my best results ever have been at casino openings. Often the new slot director was an assistant slot director at the last place worked and doesn’t understand how much of a difference there is between the two positions. The net effect is that new casinos sometimes open much looser or more generous than is profitable for them — and that’s good news for the players.
Continue reading New Casino Opening UpBackgammon Then and Now
Author’s Note: I played backgammon professionally for almost 20 years, then gave it up completely. I reached the high intermediate level, but most of the players that were interested in gambling with me were better. That was a prescription for disaster. I needed to get a job because I was not a winning player anymore. Today’s blog has nothing to do with video poker, but it does have to do with gambling.
I played most of my backgammon at the Cavendish West, which was in the West Hollywood section of Los Angeles, from about 1974 to 1993. Some of the regulars back then who are still active in tournament backgammon are Bob Glass, Jim Pasko, Steve Sax, Joe Russell, and Bob Wachtel. (There are likely others I don’t know are still playing.) They were all better than me back then, and they’ve kept studying the game while I’ve devoted my attention to other things.
Continue reading Backgammon Then and Now