In most casino table games when you buy in you are given chips (technically called checks) that have cash value, they generally come in color and denominations of; White $1, Red $5, Green $25, and Black $100, depending on the amount you buy in for the dealer will give you chips accordingly.
However, unlike the other [...]
Posts Tagged the big possum
CHIPS AT THE ROULETTE TABLE
Dec 11
THE GAME OF ROULETTE
Dec 10
The game of Roulette is fairly simple, there are 36 numbers (1-36) 18 of them are red and 18 of them are black, there are also two green numbers 0 and 00.
The dealer spins the wheel in one direction and the ball in another, whichever slot the ball lands in indicates the winning number and [...]
THE GAMBLERS FALLACY
Nov 19
I have heard a lot of talk lately about the age old “Martingale Betting System”, mostly used in roulette, but designed for any bet that is close to a 50/50 proposition.
This is the one that says if you lose double your bet, and keep doubling it until you win…in theory and on the surface this [...]
THE BLUFF
Oct 15
If you get caught bluffing you lose, but if you don’t get caught it is the greatest feeling in poker.
Anyone can win with four aces, but to win with rags takes more than luck, it takes a keen sense of timing, a good read, the right position, and the ability to play the hand like [...]
“The house doesn’t beat the player. It just gives him the opportunity to beat himself.”
- Nick “the Greek” Dandalos
Truer words were never spoken…at least when it comes to casino gambling.
Yes the house does have an advantage, but more times than not it is the play of the gambler that increases that advantage to an unbeatable [...]
TAKE A BREAK
Sep 24
In a blog earlier this month I talked about one of the two of “nevers” in casino table games and that was never quit a winning streak, the other “never” was NEVER REACH INTO YOUR POCKET TO BET MORE THAN YOUR ORIGINAL BUY IN.
If it makes sense to NEVER quit a winning streak, then the [...]
In the game of craps you can bet on any of the point numbers; four, five, six, eight, nine, and ten. If that number is rolled before a seven is thrown then you win, if a seven is rolled before that number then you lose. You can either “place” the number or “buy” the number.
If [...]
