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Cruises
People love to hop on a large boat and cruise to an exotic
location (often times more than one exotic location) as their
vacation or getaway. This is probably because cruises offer many
different opportunities that resorts or hotels do not.
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HDTV? You ain't seen NOTHING yet!!!
Remember the Osborn? Or was it the Osborne? Actually, I knew it existed, but didn't care. This thing was a personal computer. Like we'd ever need one of those? Those new electric typewriters with memory were the rage. THAT was something!
Flash...
How to Play Video Poker Slot Machines
How to Play Video Poker Slot Machines Video Poker is a game that requires some skill to play and bridges the gap between slot machines and table games for many players. It's still easy and fun to play, but you have the potential to maximize your...
Online gambling basics
Poker, black jack or any other casino game with a real fancy name, any lay man acquainted with the web knows that these are only a click away. Online gambling industry today is one with the highest growth rate. However which site to choose is...
Sports betting truths
The first ever recorded sports bets, took place on 10 September 1858, by two spectators watching a game between the Brooklyn Eckfords and the New York Mutuals, placed a 100$ bet as to whether or not John Holden would hit a home run. Holden himself...
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Bet with the streak, or not at all
Have you ever been drawn to a roulette table because of the display board? The one that says black has come up 6 times in a row? Ever have the urge to put your money on the table in that situation? If so, what do you do?
Bet red, because it's due to hit this time!
That answer, while it is a very popular one, is absolutely wrong! You should always bet with the streak, or not at all.
Betting red in this situation is wrong for two reasons. The first reason's mathematical: no matter how many times a color comes up in roulette, there's still (roughly) a 50/50 chance that red or black will come up on the next spin. It doesn't matter if black came up 5 times in a row, 500 times in a row or 5 million times in a row. Every spin in roulette is an independent event; what happened before or after the spin doesn't change the probability of a certain outcome. The idea that an event can become 'due' over time is known as 'the gambler's fallacy', and has contributed to
the demise of many a player's bankroll.
The second reason's psychological. What happens if you bet red, and black comes up again? Do you increase your bet on red? After all, it's even more due now, right? Sure, you may luck out and red comes up on that next spin, but if black comes up once more, how would you deal with it? If you bet against the streak and lose, and get in the trap of pressing up your bet hoping the streak stops, the casino's got you right where they want you! If the streak keeps going you'll be broke, wondering to yourself "what're the odds of THAT happening?"
If you bet with the streak, worst case is you lose your base bet as the streak comes to an end, universal balance and order is restored and you can play your game as normal.
Until next time, take care and best of luck in the casino.
About the Author
Shawn Tinling runs 21 Nights Entertainment (www.21nights.com), a casino entertainment and events company in New York City.
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