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.

Casino Is The Temple Of Games.

An individual plays only when he is human in the full sense of the word, and he can be wholly human only when he is playing”. Friedrich Schiller

The history tells us that in 49 B.C. the famous ancient Roman commander Julius Caesar, having won brilliant victories over barbarian galls, wanted to seize supreme power in the Eternal City. Then the frightened senators forbade him and his troops to return to Italy.

Without hesitations, the commander announced about his decision regarding the senate ban by saying “Alea jacta est” (“The die has been cast”) and crossed the border river Rubicon. This led to lingering civil wars in Rome, which became one of the most significant events in ancient history.

The words of the ferocious dictator became proverbial, however, today there is hardly a person who thinks about its real meaning. As it turned out, the Great Caesar actually cast the dice. So great was his passion to gambling, that he deeply believed in the magic ability of the dice to predict the future.

The public opinion hardly favors gamble and everything connected with it. Conversely, in those times the word “player” was nearly a swearword – so huge was the contempt of the majority of people to those who gave the game its due.

But at the same time ancient people understood perfectly well that the thirst for gambling could not be eradicated. The Greeks with their characteristic rich imagination invented a myth about the goddess of the fate Tyche (the Romans called her Fortune”), who gave birth to Zeus’ daughter, and this girl was endowed with the gift of inventing various dangerous amusements, which caused the people to lose a lot of money, cheat, scuffle and committed suicides.

Tyche loved her daughter and thus winked at her cruel pranks. She even presented her with a large beautiful house, to which her daughter allured the most credulous players to make them miserable.
More than two thousand years passed since those times, and today hardly anyone believes in fortune-telling by throwing lot and myths about the goddess Tyche, but there is one thing that has not changed. It is the human need for the game. This unquenchable desire stipulated for the fact that in the course of time special premises were built for gambling as if the ancient Greek legend came true.

In these establishments visitors played with each other in these and paid a part of their winnings to the owner – or played with owner and then, if they lost, they were to pay the whole amount of the bet to the casino owner. Approximately in the 16th century such establishments came to be called by the Italian word “casino”, which has not changed its meaning up to now.

Gambling houses irrepressibly attracted people with different characters, different talents and varying financial possibilities. The list of famous casino frequenters, compiled by the largest casinos in Europe, includes such celebrities as chancellor Bismarck, composers Berlioz and Brahms, the writer Dostoyevskiy, the poet Mayakovsky and the automobile king Citroen.

Reverberating fame, however, did not prevent these people from insidious tricks of Fortune. Admittedly, some celebrities were often lucky and they won a lot. For example, Citroen was such a lucky player. He loved to play for high stakes, in order to impress other rich men. Journalists never grew tired of writing that the automobile king is as lucky on the green cloth, as in business.

Others mostly lost. For instance, Mayakovskiy was such an unlucky fellow. He loved billiards, cards and particularly the roulette. During his trips abroad the poet run into unprecedented debts, because he was lucky only at billiard table, but by no means in the roulette.

Gambling houses are known not only by their frequenters, but also by various legends that surround these establishments. The most enduring is the story how a certain Frenchman monsieur Blanchard won twice in “Casino Monte-Carlo”. When he intended to enter this casino for the first time, his hat was spoilt by the dove. Blanchard interpreted this as a good sign and was right. The player managed to win several thousands. Then he intended to go to casino once again, but on condition that a bird would spoil his hat for one more time.

He had to wait for the new dove for several days, but his expectations paid for themselves. The Frenchman was lucky that time and he won even more than before. After this, the doves displayed no interest in Blanchard and he could not win. However, all inveterate players believe that if the bird marks you before the visit to the gambling house is a true sign of good luck.

Canadian Casinos North Of The Border For Fun & Games

Gambling in Canada expanded in leaps and bounds during the 1990′s.

Canada now boasts 59 casinos and 70 racetrack/slots venues in 7 provinces and NWT.

Provincial governments oversee gaming in each of the participating provinces.

The legal gambling age is 19 years of age. I suggest you call ahead for casino hours and location.

All information is correct at time of writing, but may change.

Nova Scotia

Casino Nova Scotia operates two locations in Halifax, 1983 Upper Water St. on the waterfront-Purdy’s Wharf and Sydney.

Quebec

All casinos have a dress code (no jeans), and no gratuities are accepted.

Casino Montreal: 1, Avenue du Casino, Montreal in Parc Des Iles. Nuance – 5 star restaurant.

Casino de Hull: 1, Blvd. du Casino, Hull. Across the river from Ottawa, Canada’s capital city.

Ontario

Contact Ontario Casino Corp. 416-326-0076 for current updates.

Charity Casinos: Four locations. All use The Winners Circle players card.

Brantford: 40 Icomm Drive, Brantford. Located 55 miles southwest of Toronto in downtown Brantford, ON. This celestial themed casino has a gift shop, a liquor license, Meteor Bar lounge and dining at the Cosmic Diner cafeteria. Open 24 hours.

Thunder Bay: 50 Cumberland St. S., Thunder Bay. Location: On the north shore of Lake Superior in Thunder Bay, ON. The area is rich in the history of mining, marine and fur trading. A sea faring themed casino of more than 14,000 square feet.

Point Edward: 2000 Venetian Blvd., Point Edward. Location: Ten blocks from Sarnia, Ont. near the Bluewater Bridge on the St. Clair River. Indoor sights of a ship’s hull, saltwater aquarium and glass bridge add to this nautical themed casino.

Casino Sault Ste. Marie: 30 Bay St. W., Sault Ste. Marie. Location: Northern Ontario approx. 400 miles north of Toronto. Great hunting and fishing in this area.

Eighteen racetracks have placed more than 9000 slots as per the provincial plan in partnership with the Ontario Lottery & Gaming Commission.

Manitoba

VLT’s available in many bars throughout Manitoba. Two of the best are:

Club Regent: 1425 Regent W., Winnipeg.
McPhillips Stn.: 484 McPhillips St., Winnipeg.

Saskatchewan

Casino Regina: Union Station, 1880 Saskatchewan Dr. is this province’s premiere casino.

Alberta

Casinos offer regular slots rather than VLT’s.

Edmonton is Canada’s fastest growing gaming city, and Casino Yellowhead is its jewel.

Home to the world’s largest shopping/entertainment complex – West Edmonton Mall.

Casino Yellowhead: Yellow Head Trail at 153rd St. located in the West Edmonton Mall.

At 73,500 sq. ft, Yellowhead is the largest casino in western Canada.

British Columbia

Great Canadian Casinos operates several casinos in BC.

Most locations offer these table games: Blackjack, Roulette, Mini-Baccarat, Red Dog, Let It Ride, Caribbean Stud Poker, Sic Bo, Texas Hold ‘Em, Seven-Card Stud Poker and slots.

Each casino is centrally located in large municipalities and offers currency exchange,food and beverage service, wheel chair accessibility and nearby public transportation.

Western Canada Lottery Corporation works in conjunction with the provinces of Alberta, Saskatchewan, Manitoba and territory of Yukon and Sport North Lottery Authority.

There are no taxes paid on lottery or casino winnings in Canada.

Being Canadian and born in Toronto, the research for this information was a labour (Canadian spelling) of love.

Casino Launches New Free Bonus

Casino Par is making it easier than ever to stick your feet in the online gaming pool. Why do you need to put up with the smoke-filled rooms, the crowded tables, and the exorbitant prices, when you can enjoy the skills and challenge from the comfort of your own home? At Casino Par, you can play dozens of casino games, benefit from cash-prize winnings, and even receive free chances to play just for signing up.

With the new $100 Free No Deposit Bonus, the risks are lower than ever. If you have never joined the online gaming world, you can break through without even having to provide the initial upfront investment. However, before you take the step, make sure you have read and understood these bonus requirements as well as what to expect from the promotion:

Due to the size of the bonus, and your increased chances at winning, only one account is allowed per household.

With thirty times rollover and thirty one active days of betting at least $5 per day, this means you will have plenty of chances to improve your skills and make online gaming a continually more profitable experience.
You can expect a maximum payout of $50.

The following games: roulette, blackjack, craps, baccarat, or pai-gow poker will not be used in the rollover.
Payments are made every day, and the next recipient could very well be you. Expect payment forms through money bookers or Western Union for clients in the United States.

Got an E-mail address? It must be validated for participation.

Due to jurisdiction requirements, players from Poland, Ukraine, Turkey and Argentina may not qualify for this bonus.

We welcome participation from Spanish players, and invite as many Spanish-speakers as possible to participate. However, we are only able to distribute rules in English.

While the bonus does provide a risk-free means for you to participate, only the winnings are cashable.

Casino Par launched this initiative to encourage more onlookers, who in the past have been curious to participate in online gaming to take that step. Seasoned pros are also welcome, and the No Deposit Bonus is the perfect way for everyone to satisfy their curiosities without having to put anything on the line.

And one of the key benefits of gaming at Casino Par that will keep you coming back is the variety. There are over 24 slot machines, 35 live poker and electronic video games, and 16 popular table games. Whether you are in the mood for roulette, craps, or blackjack, there are familiar games that will have you accustomed and ready to win in no time.

So break free from tight regulations and cramped quarters. The games you love at the casino are all available to you online with real stakes, where you can win real money. And to get started, you do not even have to cough up one dime of your own funds. Casino Par’s bonus program handles it for you, so you can get back to the business of winning.

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.