Life-Poker.info

There are several interesting blogs about the psychology of gambling. At least one professor of psychology has theorized that there is a stronger human motive toward “play” than there is toward “work.” If this is true, then the game of blackjack oilers the promise of complete fulfillment in this sense, since it is certainly a [...]

Observing the 2% Rule mentioned above practically ensures that you will never lose your entire blackjack-playing bankroll. Only those players who place wagers in excess of 2% or play in games where they do not enjoy an advantage will likely experience the gut-wrenching agony of “gambler’s ruin,” i.e., losing all of their gambling money.
On the [...]

Edward Thorp, in his famous Beat the Dealer, first applied this mathematical principle to the game of blackjack, although it applies to all wagering situations. Professor J. L. Kelly originally suggested it and proved it mathematically in 1956, and it has been substantiated in practice by computer runs. Basically, the theory is this:
The optimal betting [...]

Now that you have your mathematical thinking cap on, root out the fallacy in logic from the following argument:
At the end of each shoe, when the shuffle card comes out, if the count is very positive it means that a lot of little cards have been used, and therefore the players have been at an [...]

In 1997 alone, Nevada casinos netted an estimated $6 billion, which works out to about $11,415 a minute throughout the entire year. These huge profits are possible because most players are true gamblers. They eagerly bet their money on various casino games that consistently pay off with unfavorable odds. They hope against hope that they [...]