Nov 12

What Is the Difference between Gambling and Investing?

Question: What Is the Difference between Gambling and Investing? Answer: Investing is a much more "acceptable" way to risk one’s money. If the two were even comparable, investing would be illegal in as many states as gambling is. Regardless, comparisons are often made between gambling and investing, especially in reference to high-risk investments. To determine the difference between the two, it’s best to start at the root and define them. According to Gamble- : Read more [...]
Oct 02

Is There Such a Thing as Free Casino Cash?

QUESTION: “Is there such a thing as free casino cash?” ANSWER: I get asked this question a lot, and it’s almost always posed by rookie gamblers who are wide-eyed at the prospect of getting free cash to fund their gaming career. Unfortunately, the truth of the matter can be sobering. The short answer to the question is “No, there’s no such thing as free casino cash.” I understand, however, that a significant number of my readers may not be content with such as abbreviated response, Read more [...]
Oct 01

Is Gambling a Normal Part of a Mid-Life Crisis?

QUESTION: Is Gambling a Normal Part of a Mid-Life Crisis? ANSWER: The term “mid-life crisis” refers to a time in a person’s life—usually from 40 to 60--when they start to dwell on their mortality and become dissatisfied with their past achievements. This can lead to substantial alterations in one's day-to-day existence, including changing careers, ending their marriage, or even getting plastic surgery to look younger. But not all actions taken by middle-aged individuals are as radical Read more [...]
Aug 01

What Is Advantage Gambling?

While most people see gambling as a game of chance, more experienced players realize that there's a large amount of skill involved. Advantage gambling, which is a method of legally increasing the odds in your favor, is predominately used when playing against the house. The particulars of advantage gambling depends on the type of game, and although casinos have taken steps to spot and discourage advantage players who use these techniques, the practice is well within the limits of the law. The scope Read more [...]
Jul 28

How Card Counting Works

What Is Card Counting? Card counting is the most important skill a player can master if they want to gain an edge over the casino. It is a method of increasing the odds of winning at blackjack. This is one of the only ways that a player can actually gain an advantage over the casino, so anyone that can do it should ruthlessly apply it towards the casino. Origins of Card Counting Card counting began in the 1960s, when Edward O. Thorpe released the book, “Beat the Dealer.” Thorpe ran numerous Read more [...]