Jul 25
Gaming is all about winning and losing, so it makes sense to manage your money effectively. It is very easy to get carried away by the excitement, and lose your stake. By understanding the rules of the game, the odds paid, the chances of winning, and when to quit, players can ensure their casino experience is pleasant.
Gambling should be treated like any other form of entertainment. Expect to spend your money and have a good time doing so. Unfortunately most gamblers not only want to win, they actually expect to win and can take it extremely badly when they lose. Once the initial stake has been lost, they attempt to get it back by making increased bets. Most gamblers do not keep records of how much they win or lose. Big wins are fondly remembered, while losses tend to be forgotten. Even professional gamblers can delude themselves into thinking they either always win or break even. Read the rest of this entry »
May 14
At one point Ungar raised seven hands in a row. No one called. Was he bluffing? Of course he was — some of the time. Everyone knew that. But no one knew when. Every contestant hoped one of his opponents would be eliminated first. It didn’t matter which one. Every time someone was knocked out, the surviving players climbed another rung on the pay ladder. Ungar knew that.
Ungar’s mastery of the table seemed palpable. He was a shark among a school of fish, and he sensed blood in the water. Bao, short on chips the entire day, was the first to fall — eliminated by Judah. By 1:30 p.m. Ungar had more chips than his remaining four opponents combined. Read the rest of this entry »
May 13
Video poker shares some of the characteristics of a slot machine. The gambling gear itself is housed in a similar cabinet, and most have a coin slot and a payout hopper. Many have a slot-club card reader and/or a bill acceptor. The important difference is that on a reel slot you just pull the handle and hope for the best, but video poker involves an element of skill.
To the novice player, the main attraction of video poker is the prospect of pitting wits against the machine in fast action with a chance at a big jackpot. To the skilled player, however, the appeal is that some games offer an opportunity for a long-term profit. Just as in a live poker game, you can expect a considerable amount of risk and luck involved in the short term, but a player’s skill can make the difference between a winner and a loser in the long run. Read the rest of this entry »
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