Nicholas Colon

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.
 

Professional Gambler Answers: How to Become a Casino Pro?

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, and it will usually be way more than the average salary. In this article, I will go over some general misconceptions about casino gaming as well as go over a few real-world examples, gathered from several friends of mine who are professional Advantage Players.

By
Nicholas Colon
April 9, 2018

The Best & Worst Starting Hands in Blackjack

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.

By
Nicholas Colon
February 27, 2018

Chaos Theory: Can It Become a Strategy at Blackjack & Roulette?

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. What the casinos rely on is the overall advantage that their games have that favor the casino. This reliance assumes a static wager by the player as well as all of the variables remains constant.

By
Nicholas Colon
January 1, 2018

An Introduction to the d'Alembert System

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 d’Alembert mathematical equilibrium theory states that over the long run each of the outcomes in of a near 50/50 game will come up an equal number of times.

By
Nicholas Colon
December 28, 2017

All You Need to Know About the Martingale Betting System

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, it’s first documented use was well before the 18th century. It is rumored to have been started by the greedy casino owner John Martindale. As you may have guessed the name of the Martingale system is a variation on Mr. Martindale’s surname. It is worthwhile to note that Mr. Martindale did not use the system himself, but did strongly encourage its use among his casino patrons.

By
Nicholas Colon
December 12, 2017