Christatos Aristad is a recently retired professional gambler. He has most graciously volunteered to write a series of posts for AoM on the ins and out of gambling in general and the basics of various games for the education and enjoyment of those AoM readers who are interested in this subject.

• Introduction To Gambling
• Introduction To Casino And Gaming Operations
• Introduction To Gambling Mathematics

Sports gambling is the general method of predicting sports results by making a wager on the result of a sporting event. Betting on sports is a worldwide phenomenon these days, however, the difference lies in the fact that most states/countries have embraced sports betting and so have legally recognized it while others still consider it illegal.

Gambling is probably a different thing to everyone who takes the time to form an opinion on the matter. Job, diversion, hobby, glamorous lifestyle, addiction, sin, vampyric drain on the economy and the body politic, half hearted restitution to the indigenous population of a wealthy country, mob business, diversion of royalty and the wealthy, social occasion, or legitimate business. What you, the reader thinks, I do not know. What I do know is this. As a man, gambling, the skill, the art, the technique, the manners and the etiquette, are not just a way of making money, but an effective tool for building your social, political and business circle, as well as mingling with the highest echelons of society in a manner that will display your class and dignity. But how can you learn this lost art when every book on the subject today is written to teach you how to make money, or in such a way that no one who isn’t already in these circles could possibly ascend to them? There is no simple answer, and in truth, there is no guide. To rise up through gambling is one part training, and five parts nature, but that one part can be possessed by the soul of brevity, so without further ado, allow me to present the first part of a series of articles on the heart of gambling, the purpose of which is to separate the wheat from the chaff, and the shark from the gentleman.

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1. Yet when new forms of gambling are introduced, there is an overall increase in gambling. The method of gambling may also influence the likelihood of abuse. Continuous activities are more likely to be associated with gambling problems.
2. The technical definitions of gambling addiction are: 1. Pathological gambling is a psychiatric disorder characterized according to the international diagnostic classification DSM-IV, by persistent, recurrent and maladaptive gambling behavior which disrupts the subject's personal, family and working life.

You Know What They Say…

The average gambler is superstitious, and ultimately not very smart. And their method, such as it is, is defined by three sayings that are in truth three logical fallacies or statistical rules from which no one can escape. The trick is to recognize them, and then to escape them.

Saying #1: “I’m Due”

Explanation: This fallacy is appropriately called the “Gambler’s Fallacy.” It is the belief that based solely on a previous run of bad luck, you are certain this time to get a good hand or a good roll. This is nonsense. The failure in reasoning here is the belief in a certain outcome, the positive benefit, without actual evidence. This fallacy is the logic behind slot machines and the marketing genius behind the gigantic boards advertising how long its been since the last jackpot.

Solution: Recognize the nature of the situation. Each game has a set of controls you can employ to alter your outcome. In the absence of your use of one of those controls, expect nothing except an even game.

Saying #2: “I’ll stop while/when I’m ahead”

Explanation: This saying is also called the “Gambler’s Conceit.” This is also the little voice that tells us, “just one more drink.” The problem with this saying is that if you are ahead, your capacity to predict when you will stop being ahead is likely zero unless you possess clairvoyance. And if you are behind and therefore waiting to get ahead, there is most likely a very good reason you are behind, and you are therefore unlikely to get ahead at all on a meaningful basis within any reasonable time frame.

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Solution: QUIT NOW! As soon as you think or say this phrase, or any phrase that sounds like it, that is an immediate sign from God, Allah, Buddha, or whoever you pray to to stop playing. If you have to justify why you are playing, you shouldn’t be playing.

Saying #3: “The House always wins”

Explanation: This saying is rather appropriately called “Gambler’s Ruin,” for it is the rocky, mist clad shore upon which Viking ships full of gamblers are wrecked. Now I know what you are saying, “Plenty of people beat the house. You beat the house.” This is true, for a little while, but play the House long enough, and they will win. And not just win, but break you. Why? Because they have unlimited cash and you don’t, and given enough time, the player with unlimited cash in any fair game will beat the player with limited cash.

Introduction To Gambling

Solution: Don’t play the house. The object of the game is not to beat the house, it is to make money. The house has the most money, but they also have the advantage. They make the rules, and they have every edge. But the other players at the table have money too, and they can’t close the table or kick you out. Go for them, and while people may hate you and flee the table like rats from a sinking ship, you will last a lot longer in the long run.

The Basic Tells

The key to gambling with class once you have control of yourself and the situation is the lie. Not just the bluff, but the construction of an entire table facade that allows you to deceive and obfuscate your opponent so that whenever you wish, you may drop it and produce confusion and fear in your enemies. Unfortunately, this skill can not be taught. To learn how to hide who you are with absolute effectiveness, you must first gain a certain level of self-awareness, and then apply the basics of obfuscation to yourself in the specific. However, there are three basic tells that the observer can use to identify the great liar from the poor liar, and to learn the craft themselves.

The Eyes

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Many gamblers will tell you that there is a magic to the eyes, that every gambler is different, that when you lie you look one direction and when you tell the truth you look the other, that every person has a different pattern of how they move their eyes, and that by reading it, a skilled gambler can divine complex truths about a player and predict their every move. These gamblers are either stupid, lying or both. Allow me to pull back the curtain on hundreds of years of gambling magic, and reveal the conscious or subconscious trick to the biggest tell in gambling. When people have a good hand, their pupils dilate. When they have a bad hand, their pupils contract. Now the reasons behind this are some fairly complicated neurochemical ones that escape me at the moment, but this is the basic truth of it. Watch the pupils. If they are too small to follow, watch the iris’s.

The Smile

Introduction To Casino And Gaming Operations

There are two kinds of smiles. One is genuine and one is fake. A fake smile involves only the muscle of the mouth and expresses little if any genuine joy or happiness. A genuine smile involve the muscles around the corners of the eyes, causing crows feet to temporarily develop, and is an expression of genuine joy. Now human testing has determined that a genuine smile is difficult but not impossible to fake. Observe your opponent and his smile and its relationship to the cards. If he can only fake a smile, then he is a passable liar. But if he can produce a genuine smile on command, then he is a liar of respectable skill.

The Hands

Always watch the hands. Busy hands means someone is bored. If someone is bored and winning, they are good. If someone is bored and losing, they are bad. But how does that affect their status as a liar? The key is to pay attention to how busy they are when they bluff. If someone stays busy even when they bluff, then they have it. But if they have to focus to keep everything together for the bluff, then you have a perfect way to identify the quality of their hand beyond their bet. Now almost all gamblers fiddle, but the key is to pay attention to the exceptional fiddlers, especially the people that bother the other players. They are either really bored, cheating, or they have a system.

Introduction To Gambling Mathematics

September 11, 2010