Tag Archives: casinos

Win/Lose on Dice & Roulette Wheel / Win/Lose auf Würfel und Roulette-Rad

How to Calculate Probabilities at the Roulette Table

Roulette Probabilities and the Maths behind them Although the rules for roulette tables are designed in such a way that the bank makes money in the long run, it must be said that roulette is a pretty fair game. If you play with only small amounts...
Man in suit hiding his head in sand / Mann im Anzug versenkt seinen Kopf im Sand

Are You the Architect of Your own Fortune, or Misfortune?

Richard Wiseman of the University of Hertfordshire is a luck expert: In numerous surveys and experiments he has researched what luck actually is and he has published various books and publications in which he advocates that luck is merely an...
Three businessmen - See no evil, hear no evil, speak no evil / Drei Geschäftsleute - Seh kein Übel, hör kein Übel, sprech kein Übel

Gambling for Fun or Gambling for Money? – The Truth

When people tell me they gamble for the fun of it, I find this hard to believe. It beats me but I simply cannot see the point of ‘enjoying’ losing money for the sake of it. Honestly, if I would find any pleasure in losing money, I would...
Background of falling cards / Fallende Karten

Blackjack – An Introduction to Card Counting

Blackjack, also called ‘21’, is certainly the most popular casino game next to roulette. Blackjack has always attracted mathematicians and gamblers because it was, or still is, actually possible to beat the house. Image: mik38 (Shutterstock) In...
Attractive man with laptop seated in a tree on a tropical beach / Mann mit Laptop auf einem Baum in den Tropen

Online Gamers Find Entertainment in Betting and Gambling

Most people use ‘betting’ and ‘gambling’ as synonyms, but they are not interchangeable. Online gambling sites capitalize from both types of risk-taking. Similarly, hard-core gamers are being entertained whether they choose...
Concept illustration: gambling, roulette & casino / Konzept Illustration: Glücksspiel, Roulette & Casino

One Man doesn’t make an Army – Wizard of Odds sells for $2.35 Mio

Following the September 2014 sale of his business, Wizard of Odds, for a cool $2.35 Mio, there is no doubt that Michael Shackleford has talent in spades. However, a particularly unique skills set doesn’t necessarily guarantee success. Before...
Full House Jacks and Queens

Using Poker Odds Calculators and Moving Beyond Psychology

Being a success at the poker table takes a dash of luck, a smattering of psychology and a solid understanding of statistics. Since the growth of online poker caused the average IQ of poker players to increase dramatically it has become even...