A Simple Casino Countermeasure
It should be clear that for this method to work, we have to time the ball and rotor before placing our potentially winning bets. Earlier bets are losing, on average, so are only camouflage. Thus, the casino must allow us to continue to bet for a time after the ball is launched. I have observed roulette wheels all over the world Monte Carlo our final goal , Nevada, Puerto Rico, Nice, Venice, and London. The practice has been, generally but not always, to allow bets until the ball was almost...
Why Hedge
In the securities and finance markets, to hedge is to take two or more investment positions simultaneously. The risks should cancel out and an excess rate of expected return should remain. In a real horse race or any pari-mutuel contest for that matter , the true probabilities are not known. If we knew the true probabilities or had better estimates than the pari-mutuel pool offers, we might find horses with a positive expectation. Then we could simply bet directly on those horses instead of...
Introductory Statement
The casino patron who decides to try his luck at the tables and the horse player who wagers at the racetrack confront what seem to be formidable adversaries. The casinos hope to have the advantage on every bet offered and, at the track, the pari-mutuel takeout of 17-25 on every bet assures all but a few will wind up losers. As soon as he enters the casino, the player must make several important decisions, the first being What game do I play Even after this choice is made, most games offer...
Backgammon
Backgammon has taken its place alongside bridge as a favorite pastime of sophisticated gamers. It is essentially a racing game, where each player tries to get his pieces off the board first. But, thanks to the doubling cube, it's also a gambling game, played for high stakes in clubs across the country. The basics of this intriguing board game are really very easy to master. See The Rules of Backgammon, pp. 84-85. This chapter will focus on several aspects of backgammon that can be solved...
The Daily Double
Let's apply the horse hedge idea to the daily double bet. The same idea, with some modifications, also applies to exactas, pick six and similar bets and to exactas, quinellas and trifectas in jai alai. For a little background on the daily double, I quote from the book Science in Betting The Players and the Horses, by E. R. Da Silva, and Roy M. Dorcus In daily double betting, any horse in the first race can be combined with any horse in the second race, and to win the bettor must successfully...
Kimmel and the Dealers Signature
Stephen Kimmel asserted that a dealer who works eight hours a day, 50 weeks a year, tends to spin the ball and rotor in a habitual, regular way. This would make possible accurate predictions a bet on ten pockets, Kimmel contended, would have a 50 chance of success. His views were contained in an article Roulette and Randomness in the December, 1979 issue of Gambling Times. I don't believe KimmeFs approach works. Here's why there are three important conditions that must remain roughly constant...