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.
 

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

4 Tips on How to Disguise Your Advantage Play Skills

Playing winning blackjack is as much about extending your playing life as much as it is about scaling your bets proportionally and playing the correct basic strategy and appropriate index adjusted numbers. After all it’s hard to make money by playing when you’re not allowed to play. Here we will go over some important aspects of casino camouflage and how to apply.

By
Nicholas Colon
November 28, 2017

12 Tips on How to Give a Tip to a Dealer

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. Dealers at the higher end establishments on Las Vegas Blvd have an average income of around $100K a year when combining wages and tips, so they do ok.

By
Nicholas Colon
November 13, 2017