A Closer Look At Positive Expectation

What do I mean when I refer to an over 100% machine?” An over 100% machine simply means a machine that pays back more than you put in. Fantastic, except for one thing: this is factored over a long period of time. It does not mean over 100% in every session.” In fact, an over 100% machine isn’t guaranteed to earn you a profit even over what most would consider a long period of time. And it’s certainly not graphed by a steady upward curve. The only sure thing I’ve ever found in casino gambling is streakiness, and video poker results can be as streaky as it gets.
Also, and this is a very important concept to grasp: whether or not you achieve that over 100% return depends on the number of royals you hit. A royal contributes approximately 1.7%-2% (depending on the game) to the total payback percentage, and you only hit a royal about once every 35,000- 45,000 handssome 80 hours of play. So during those other 79 hours, even if you’re playing a deuces wild machine with a 100.76% payback percentage and accruing .5% slot club cash back for your play, that 1.8% you lose for not hitting the royal pretty much wipes out your advantage during the periods in between the big jackpot. During these periods, you will most likely lose money (positive expectation is sweet, but it usually doesn’t come easily). That’s why it’s necessary to analyze situations in terms of what mathematicians call expected value” or expected return,” which assumes an infinite period of play.
Okay, with that groundwork laid, here are a couple of examples of positive expectation readily available in any number of casinos in Las Vegas at any given time.
Playing full-pay” deuces wild with computerperfect (optimal”) strategy, the return percentage is 100.76%. Another way to say this is: for every $100
you put into a full-pay deuces wild video poker machine, you’ll get back $100.76. It may look skinny,” but that’s a pretty good edge. Unfortunately, only a computer can play computer-perfect strategy. Humans make mistakes. They get tired of sitting and staring at a screen. They get a little fuzzy from the free drinks. The guys get distracted by short skirts on cocktail waitresses. I figure skilled human strategy on a full-pay deuces wild machine is more like 100.5%. In these examples, my numbers are based on that one-half-percentage-point advantage.
Playing 25 full-pay deuces, you’re making $1.25 bets (five quarters). If you play slowly (say 320 hands per hour), you’ll put about $400 through the deuces wild machine in 60 minutes. At our skilled human capability of 100.5%, over that hour your expected return is $402 (1.005 X $400 = $402). Thus, your expected return (or win) is $2 per hour. Don’t quit your day job!
Example 2. This time you’re playing $1 deuces wild with skilled human strategy, but you’re playing fast (600 hands per hour). Betting $5 per hand, you’re putting $3,000 through the machine per hour. Now your .5% positive expected return produces $3,015; over the long term you’ll take in $15 per hour. That’s like a $30,000-a-year paycheck.

A Closer Look at Negative Expectation

The flip side of positive expectation is, logically enough, negative expectation. An under 100% machine” is a machine that pays back less than you put in. Let’s say you find a 25 deuces wild machine that has only one change in the pay table from the full- pay deuces schedule. A key changeit pays only four coins for four-of-a-kind instead of five. That’s just one tiny alteration, but it gives the house a whopping 5.7% edge. This means that you’re playing a game that returns only 94.3%. Now if you play a slow 320 hands per hour, you’re losing $22.80 per hour (.057 X $400)and that’s on a 25 machine.
Does the $2-per-hour profit from full-pay deuces look better to you now? And does the $22.80-per- hour loss convince you to read pay tables carefully? The main reason for all the new video poker variations is that casino know there are a lot of players with a little bit of video poker knowledge. Many people now know that full-pay jacks or better and deuces wild are good games, but they’re not real careful about reading the pay tables to make sure that full-pay is what they’re playing. Point them toward any jacks or better or deuces machine and they assume it pays liberally. The casinos, of course, make sure that they aren’t: Play this game. It’s almost like the other one that pays a lot more.”
This occasionally backfires on a casino when it monkeys with a pay schedule of a well-known machine and the changes result in a larger payback percentage. If you become a true student of the game, you’ll be able to spot these situations, know what changes to make in the strategy, and take advantage to make a lot of money on these machines, until the casino wises up and fixes the schedule or removes the machines entirely.

Jacks or Better

Jacks or better is the basic video poker game. One of the first to come out, it’s considered something of a video poker standard. The full-pay version is known as 9/6 jacks or better, meaning the payback (with one coin in) for a full house is 9 coins and for a flush is 6 coins. Sad to say, there are not a lot of them outside of Las Vegas. Full-pay jacks or better has a return percentage of 99.5%. It’s not a positive game; as we’ve seen, the casino has a .5% advantage. But because it’s readily available in Vegas and a lot of other video poker variations are derived from it, I also consider it the standard. Often you get enough cash back from the slot club or a promotion to make jacks or better an over 100% game.The first chart is what the pay table for a 9/6 jacks or better video poker machine looks like. The second is also a jacks or better pay table, but with a crib- cal difference: it’s an 8/5 machine. Note the difference in the payouts for full house and flush; this lowers the return to 97.3%.
As I mentioned earlier, I’m not going to provide you with the strategies, which are readily available in any number of books and computer software programs. See the Appendix for recommendations.

Secret Formula Of Black Jack Winners

When someone plays a game, they play to win. One of the many simple games at the casino is Blackjack. For those who don’t know how to play the game, it’s always best to start by learning the basics.

When playing Blackjack the most important feature to remember is that there are four times as many cards that have a value of 10 (10, J,Q,K) as any other value. With this information, one must always assume that the next card to be drawn from the deck has a value of 10.

By keeping this in mind, one may realize that if one has any hand that has a value over 12 one will likely lose or in blackjack terms bust (go over 21). Likewise if the dealer’s card is a 2-6 it is likely to draw a 10 card which means he will have to draw again, likely causing him to bust.

Another way to make the odds more favorable to the player than the dealer is by counting cards. This of course requires many pages and charts that must be memorized. Having a professionally written guide is very helpful and there are many different authors that have different styles and different counting systems. It’s always best to get more than one opinion to find out which style works best.

Practice makes perfect. By investing time and money with online training software learning the game, it will eventually pay off at the casino.

Upon entering the casino, one must choose the right table to play at. When one observes that the players at a table seem to be winning a lot, it is a good time to join in the action. Likewise, if you notice the dealer has a lot of chips and the players seem to be doing more losing than winning, then look for a better table.

Reward the dealer by tipping when one is winning. If the dealer knows he will be tipped when the players wins, he may begin rooting and actually do subtle things to help such as performing less thorough shuffles and penetrating deeper into the shoe before he re-shuffles thus allowing the player to get a more accurate count of the cards.

Though if the dealer starts losing too much money for the casino the pit boss will likely change dealers.

Although it may be impossible to find the perfect game, one should be familiar with how certain house rules affect the player.

Keep in mind that as a rule of thumb, the fewer decks the casino uses the more advantageous it is for the player.

Best Casino Gambling Pay-outs

Nobody comes to a casino simply because they want to have fun. Underneath this vague reason is the desire to bring home cash, and lots of it. Indeed, casino gambling is a way to get your hands on lots of cash in a short time. However, it can also be the way to lose cash in an even shorter time. The thing with casino gambling is that the games have different pay-out rates. For example, spending half an hour in the slots will not help you reach the hundred dollar mark unless you win the jackpot. But if you go and spend time at the roulette table, you can reach the 200-dollar mark without waiting for 30 minutes. Likewise, you could lose all your casino gambling money at the roulette table in a shorter time than it will take you to lose $10 at the slots.

The trick to maximize casino gambling profits is to choose the right games to play. High pay-out games usually give you more money for limited funds. However, skill is highly needed in playing these games. Being a novice and attempting this game with the more experienced players only make you lose your funds. The rules may vary in different casinos, but still the most favored high-paying games are blackjack and video poker.

Depending on your casino’s blackjack rules, blackjack is a game wherein a player can expect high returns providing he plays wisely. There are many variations in blackjack rules like the number of card decks, splitting and doubling bets, and other rule variations. Years back, most casino gambling websites offer great odds. If played strategically, the player even gets valuable advantage. However, rules change and now, the odds are in the casino’s side regardless of the player’s strategy. So to ensure good pay-outs in playing blackjacks, it is to your favor to seriously consider being an advance blackjack player.

Of course, not everyone is born with jacks and aces in their hands. But learning good blackjack strategy is easy. There are many free and downloadable blackjack software tools that you can download and practice on. Also, blackjack books are available at most bookstores. These books are usually authored by top blackjack players who have gained fame and fortune in playing the game. Don’t frown because nothing is easy these days. Being a winner requires effort, so that at least you can enjoy yourself doing it. With regular blackjack practice, you could soon be the next casino gambling blackjack king.

Video poker is another casino gambling game that has a reputation for high pay-outs. However, like blackjacks, video poker rules and pay-out schemes vary among casinos. Examining the casino’s pay tables is important before starting video poker, or any game for that matter. Usually, there are different video poker machines at a given casino. Be sure to choose the one with best pay tables, otherwise, you’re just giving the casino your money without a fight. Good pay tables are assurance that the game you’re playing actually favors you.

Good video poker machines usually allow over a hundred percent return the longer you play the game. Also, despite being similar to slot machines, video poker is not a game of chance. This means that you have an actual advantage depending on your skills. Consequently, you cannot play the game and expect a high pay-out without understanding the basic rules and arming yourself with useful techniques. Casino gambling is fun, but it does entail some work.

Most casino gambling websites and traditional casinos offer both games. Betting experience and game skills improve your chances of winning the games and getting high pay-outs. Though playing requires effort in learning the games and mastering the skills, it does have its rewards. Besides, casino gambling is more fun if you go home laden with cash than big debts.

Wins And Losses Of Casino Gambling

Gambling is a form of entertainment that involves the extensive use of money as betting instruments. While it can be entertaining as well as enjoyable, indulging excessively in the game can be dangerous, especially when the money involved is already one’s lifetime savings after years of hard work. This is especially true when the form of gambling that one indulges in is that of casino gambling. Needless to say, casino gambling has some good and bad effects on a person.

In some countries, especially in those areas where Islam is the prevailing religion, casino gambling is strictly prohibited. Religious authorities in these countries generally frown upon this game of chance basically because of the perceived social costs that it inevitably brings.

However, in a number of countries, especially those which are highly-industrialized, casino gambling is a legal business venture, although certain regulations or limits are often set. This is because the game is a double-edged sword. It gives you the opportunity to double or even triple your money. At the same time, however, when you grab that opportunity, you unwittingly also give the game the chance to take away some,if not all, of your money.

The stakes easily become higher in the case of casino gambling. In this form of expensive entertainment, there are usually only two ways to go – either you get to double your money or you lose all of it. This is not just small money, the amount involved usually run in the thousands. Casinos operate on the basic premise that it allows you to have a crack at their money, but at the same time they get to have a shot at yours as well. Who gets to go home as the winner at the end of the game depends on how you will play the game which will have to include the amount of money that you will be willing to place on the betting floor.

This is not to say that casino gambling should be banned altogether. The game as well as its concept has been with us for decades. Perhaps the game has gone on even for centuries. Another thing, as a form of entertainment, it still has its own share of beneficial effects; relaxation being the prime consideration. The key to successfully playing the game is simply to handle it with the proper attitude.

Gambling to be an effective means of entertainment should be approached as simply a game and nothing more. Of course, the aim is to win if possible. But at the same time, a player should not totally discount the possibility that one could also lose. And losing means giving away only the amount of money that you can afford to lose. This is essentially a good strategy, especially when it comes to the issue of casino gambling, where the betting stakes are higher, in which case a planned betting method is recommended. This will include discipline, which basically means having the ability to control yourself, especially when losses start piling up and the winnings that were accumulated in the early games start dwindling because of your casino gambling.

Gambling Dependancy Data, Signs, And Tales

I didn’t want to shed her. The option appeared to be straightforward at the time. What I had not foreseen was that my addictive character would merely specific itself in other techniques.

I went into home growth. I acquired two previous cottages, did them up and offered them for a earnings. Then I purchased two much more and was similarly profitable. Then I purchased a farm and it was an absolute disaster. I had completed properly when property rates were heading up but I came crashing down when the unavoidable economic downturn followed.

My financial institution manager experienced mentioned that I appeared to have expertise in this location. Of system I did. Everyone does when values are rising. The skilled experts acquire at the base of the market place and then sell at the best. They see it all as a business, not as a enthusiasm.

I was cleaned out. I was left owing a lot more than our overall assets.

I was lucky to have my professional cash flow so I progressively clawed my way again to solvency.

So, as house values improved once more, I re-mortgaged our house and my workplace and built a rehab.

In the very first yr we dropped our whole economic property but, as property rates had risen yet again, I was ready to re-mortgage loan yet again and continue to be afloat.

That proven the sample for the next 20 two a long time. Every time we made a decline, I re-mortgaged. The home that I had acquired for ??4,600 at some point had a home loan of ??650,000. The rehab expanded and we created offshoots.

Sooner or later I experienced paper property of a lot of tens of millions and I had a single hundred and twenty employees.

In my personal lifestyle I was often quite abstemious. I bought second hand Volvos. I seldom took vacations. I purchased books instead than abundant men’s toys that would decrease in price.

But I risked as well much and dependable way too considerably and that introduced me down. Compulsive gamblers tend to give up their dependancy only when they have nothing at all remaining to shed. That is exactly what took place to me. A whole lot of individuals with a gambling issues know that they have a difficulty and really feel guilty about it. It is since of this that they come to feel the require to lie about their whereabouts to family members and friends. They may also lie about the sum that they gamble.

Alienation from household and friends is a large sign that their gambling difficulty has developed into a complete-blown gambling habit. As soon as somebody begins carrying out this,you know that gambling is consuming their life. If it receives to this level, they are in risk of destroying their lives and the life of those about them. A person at this amount need to definitely seek out gambling addiction counseling.

Gambling Tales

Many folks out there conclude up completely destroying their lives by falling sufferer to this dependancy. A good deal of instances they locate on their own in denial and when they don’t have the money and aren’t capable to get them, to assistance their routine, they change to severe actions, such as lying and thievery.