The Kelly Criterion promises more precise winnings in the online casino Blackjack by way of determining bets. The detailed guide to this method is available in the book, Blackjack Gold. You can buy this book at any Amazon store or you can also check with Nelsons’ Book Data for a resale. I do not know if the book is available as an ebook anywhere on the internet. While people still follow the method, I never found it much practical for use in online casino.

I do not say that the method is impractical. It may have its own advantages. But however arithmetical it may be, it is not very good for placing bets. You may consider this method if you do not know other methods. Hope Dr. Thorp will not take any offense to this. No Hard feelings please!

As per the mini-max betting method, which is also a famous method, a player can make two bets in a game. He or she can bet on the table minimum and the table maximum. The name shows this tendency of players in online casino Blackjack.

The player will start at the table minimum and continue increasing the bets as and when the cards are in favor. As soon as the player is convinced that the deck is his to win, he can bet the table maximum. As and when the player increases the bet, the chances of winning more are higher.

This does not in any way mean that you can be certain about the outcome of the game. Blackjack in online casino means luck too. If luck is against you, you may loose even if you have the table edge.

To secure your bankroll, the Kelly Criterion method suggests varying bets. You need to have enough money in the bankroll if you want to place table maximums. Alternatively, you can use a static calculation for your bank roll. The most used method involves placing maximum bets at two per cent of the bankroll. However, you need to test your methods for accuracy before you using this rule, else you end up eating away your bankroll.

You cannot use this method in the land based casino. Unlike online casino, your bets are scrutinized everytime you play Blackjack in the local casino. If you are found to change your bets frequently within the max-min of the table, they may bar you from continuing in the game. You do not have any such restriction in the online casino.

To get away with this, you can start at four times the table minimum. But you have to check if you are at the correct table. To save on the bets, you can do some research to locate a table with much lower minimums. You can also check out the payouts that the casino is offering.

Once you get the appropriate the table, you can start playing without any tensions. Just start betting above the minimum. That means, you have to create a minimum which is bit higher than the table minimum. You can then fiddle between your minimum and the table maximum with the coupons (in online casinos) or chips as and when required.

The bottom line is that you need not thrust the Kelly Criterion upon yourself to determine the bets. Though it is good for varying bets, it may get you kicked out of the casino. Plus chances are you spend your time calculating instead of enjoying your stay at the casino. You can use the above method to determine your bets. The method is simpler and involves no calculations.

Online casino serves the purpose of entertainment at lesser costs. They are more beneficial as they offer more payouts than the land based casinos. Online casino will not bar you if you use card counting or other methods to determine your hands. You can use any method to win other that breaking the game rules. One of the most important rules of the game is to enjoy the game.

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]]> http://seriman.wordpress.com/2008/08/07/why-not-to-play-kelly-criterion-in-online-casino-blackjack/feed/ 0 seriman http://seriman.wordpress.com/2008/08/07/online-casino-vs-addiction/ http://seriman.wordpress.com/2008/08/07/online-casino-vs-addiction/#comments Thu, 07 Aug 2008 08:13:08 +0000 seriman http://seriman.wordpress.com/?p=3 ]]> Many organizations call gambling addictive. But there are other things that need to be attended at priority basis instead of stopping people from enjoying a game at online casino. These other things often lead to years of therapy sessions, unlike online casino.

Many people say that gambling is disastrous. Recently, I happened to go through some magazines that recommended abstinence from betting. They say gaming affects the brain and that you tend to become an addict. They also say this syndrome is high if you play in online casino. Recently, many countries banned betting as it spoils the youth. Other states banned online casinos to prevent frauds.

But is there any real logic behind such thinking? I mean, nobody can spoil you unless you want to get spoilt. And frauds are everywhere. Even in the highly reputed government departments, you can find cheats and frauds thriving. Are people utilizing the state resources for their personal ends fair enough?

Banning the games leads to even more corruption. The games run backdoors. People are even more inclined towards the games when they can’t find it. This leads to unfair games and thereby chaos in the minds of youth. What if they start playing these online casino games in the school library? We cannot keep the fault with the youth. They are curious and they fancy everything. I cannot see how playing games can lead to corrupt minds.

In our state, we play games to get together and to wind off. We make friends at the blackjack and we meet our friends at the pool table. I wonder what other options are left to the youth who is not allowed to play betting games. They too need excitement and may take up incorrect fancies if not allowed to enjoy.

The NGOs say that online casino players tend to ruin their lives in the expectation of big winnings. How correct is this? I have seen people running after a particular course for years and still failing to procure a college seat. They waste their precious years trying and trying for the same thing. They could have easily made their lives in some other field if they had been smart enough. Going crazy and wasting the important resources over a single thing: Is this not addiction? Then how harmful is the online gaming?

Many workplaces and colleges do not let you use networking sites from there premises. The last thing some people do in a day is to check their mails and all the networking sites where they are members for new posts. Whenever they wake up during the night, say for water, they will check the mail again. This is true; I have many friends who do this. The first thing they would do in the morning is to check the mails again. Such repetitive actions are called compulsive disorders in the medical fields. Does this mean that email is more dangerous than the online casinos?

Then there are people who can’t live without their cell phones. They brought the cell phones so that they can stay in touch with their friends and colleagues. Then they start talking and checking for messages every now and then: they check it during the sleep, they check it on the breakfast table, on the road, during driving, office, schools everywhere. They are bound to be distracted from their studies and work. Then this happens that they can hear their phones ringing even if it is not. Such problem is termed hallucination in the medical terminology. Is online casino more disastrous?

The bottom line is not that I am trying to prove anything. This is just an analysis of how bad things can be. There are many things and habits that are more addictive than the online casino. But then, they are accepted in the society. Then why are you not allowed to have a game peacefully? Why is there such a hue and cry about the online casino and addiction?

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