Gambling Guide
Ask the Wizard #97
"Anonymous" .
I’m tired of professional gamblers referring to those who work in or for casinos as the "dark side." Casinos provide thousands of jobs across the country, revenue to government, and a source of entertainment to millions. I don’t remember the source but I read that something like 90% of visitors to Las Vegas leave with a gambling loss, yet 95% leave happy. The other side is quick to argue that casinos contribute to the problem of compulsive gambling. Yes, there are some compulsive gamblers who abuse what should be done in moderation. However I believe that the majority should not be denied the opportunity to place a bet because of the problems of a minority. In other words I believe that the benefits that come from legalized gambling far exceed the costs.
I fully admit I consult for casinos and gaming businesses. I have to because this site doesn’t make enough money to support my family. My bankroll is not large enough to make a living as a professional gambler. However I make no apologies for what I do. To answer your question, yes, if the right offer came along I would consider employment in casino management.
"Anonymous" .
No. As long as you stand to lose only the original wager you should play assuming the dealer does not have a blackjack. If the dealer does have blackjack there is nothing you can do about it anyway.
"Anonymous" .
While you may like a low-volatility game the next guy may like a high-volatility game. I do indicate the standard deviation of most games here but that is about as far as I care to go with this angle. I believe the gambler should pick his game partially according to its volatility but once playing always play by the proper strategy and never hedge your bets.
"Anonymous" .
Oy. Gambling is about taking risks. The successful gambler does not try to maximize his probability of a net win each hand but takes risks to maximize his overall return. Both in gambling and in life one must sometimes take short term risks for long term gain. So think less about the present and more about the future.
"Anonymous" .
Don’t get me started.
"Anonymous" .
Everything you need is right here!
There is my video poker game to play, which will correct you when you make mistakes.
There is my hand analyzer to analyze how to play any hand.
There is my game return calculator to determine the return of any game and pay table.
Finally, there is my strategy maker to create a strategy for any game.
Note: This answer was updated Nov. 13, 2013.
"Anonymous" .
The player should be more aggressive hitting in Blackjack Switch because a dealer 22 results in a push. Much of the value in standing in regular blackjack is realized when the dealer busts. In Blackjack Switch many of those wins are turned into a push, making hitting a better play in comparison.
"Anonymous" .
I think there is no such thing as a naturally bad shooter. With the possible exception of a few pros all dice throws can be considered truly random. There are seminars on how to overcome the house edge in craps by precession throwing but I make no claims for or against them. I have yet to see enough evidence either way.
"Anonymous" .
Thanks for this good point. I stand corrected.
