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John  Marchel – Money management is important

John Marchel – Money management is important

It has been said by some that money management techniques can be just as important to your game as learning the game itself. Picking up any good book about gambling, including games like craps, blackjack, slots, roulette, video poker and live poker, you should find a chapter or two about managing your bankroll.You can’t bet unless you have the…

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Crime: The Harrah’s Holdup

Crime: The Harrah’s Holdup

1972-1973 Ladies and gentlemen, the story you are about to read is true. No names have been changed, as there were no innocents. This is the city, Stateline, Nevada. It’s the gambling mecca of Lake Tahoe. Most people visit it to recreate, but some go there to commit a crime. It was Tuesday, September 19, 1972. It was a chilly night. Douglas County sheriffs were working the late shift when they got the call. At 10:40 p.m., five employees at Harrah’s hotel-casino were making a routine money transfer from the basement to the casino floor when an armed man stopped them on the stairs and shouted, “Give me the money, or I’ll blow your heads off.” The suspect was described as roughly 5 feet 8 inches tall, 170 pounds, stocky, in his 30s, long haired and wearing dark glasses, a cowboy hat pulled down over his eyes and possibly a fake beard. His weapon was a .45-caliber Automatic Colt Pistol. He grabbed the two bags from the workers, ordered them to back off and fled through the casino and out the door into the dark. He purposely dropped the bag containing chips, $4,500’s worth, ran about two blocks and crossed […]

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“How To Beat The Casino on a Budget…The Professional Secrets of Money Management”

“How To Beat The Casino on a Budget…The Professional Secrets of Money Management”

The first rule of casino gambling is the most important of all gambling rules. It states, “Don’t play with money you can’t afford to lose.” Playing with the rent money (also known as “scared money”) can be hazardous to your financial health.It doesn’t matter what kind of gambling system you use or how skillful a player you are, casino games were not designed to favor the player. Every casino game has a negative expectancy (also known as “house percentage”) and in the short term no decision or

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