Nicholas Colon

Nicholas is a 17 year veteran of the casino gaming industry. He is former player manager with the infamous MIT Blackjack teams and is a regular attendee of the Blackjack Ball, a gathering of the world’s top professional gamblers.

He is the Managing Director of the Alea Consulting Group, a leading gaming consultant company with a focus on gaming economics and, is a frequent contributor to world class business publications like Forbes and Entrepreneur magazines’ and over 15 gaming trade publications. He is also the founder of Casino Exploits a player centric casino gaming site.

Nicholas has lectured at major US universities like Clemson University, Michigan State University and Duke University. His vast business and gaming  expertise, is supplemented by post graduate degrees in Medicine, Business Administration and Applied Physics.
 

Nicholas Colon 's Articles

So, what exactly is a professional gambler? A professional gambler is a person who lives from gambling and spends most of his time at the casinos. Professional gamblers are actually earning their paychecks by making the right bets when they play at the live casino tables.

Blackjack is a dynamic game. It is a game shifting percentages, where each card that is played either adds too or, takes away from the initial advantage the casino has over the player. It is also the most mathematical orientated game offered by gaming companies, but it's also a great experience for online players.

The law of independent trials is fundamental principle that allows the casino gaming industry to accumulate mass amounts of wealth from unsuspecting customers. Every game in the casino has the perception of being completely random in nature. This means there is no predictability of the outcome of an upcoming event.

The d’Alembert system, also called the montant et demontant system (a French phrase that translates to upwards and downwards), is named after the French mathematician Jean le Rond d’Alembert. The system is based on the mathematical theory of equilibrium devised by d’Alembert in the 18th century.

The Martingale is a betting strategy that dates way back before Las Vegas and gambling was a twinkle in Benjamin “Bugsy” Siegel’s  eyes. In fact, its first documented use was well before the 18th century. It is rumored to have been started by the greedy casino owner John Martindale.

One of the most highly contested topics among advantage players is whether or you should tip the dealer. The consensus among the general population is that dealers depend on tips for a living. I don’t know if this is a viable argument or not.