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Category: Lessons

Beat the Casino With Odds

Mastering the “secret” craps bet that lowers the house edge to 0% by Basil Nestor   Most casino bets carry an edge for the house. Sometimes you win more often,  they win. The edge is usually 1% to 12% of the overall action, depending on the game. This profit is how casinos pay for electricity […]

Don’t Get Fooled Again in Poker

“Identical” video poker machines might have very important differences by Jerry “Stickman” Stitch   “To acquire knowledge, one must study; but to acquire wisdom, one must observe.” —Marilyn vos Savant   Just because the glass says “Jacks or Better” is no guarantee the game you play will be Jacks or Better. The entire pay table […]

How Does It Pay? Payback percentage

Understanding payback percentages By Frank Legato   “Payback percentage” is one of the most misunderstood terms in the casino industry. Many players think it means how much of the money they put in a game that will come back to them in jackpots. Others think that the casino has a switch somewhere that officials can […]

Solving The Jackpot Mystery

Can betting less increase your odds of hitting the top jackpot? By John Grochowski   If you’re eligible for the top jackpot only when betting the max, and you’re not prepared to bet that much, you’re better off at a non-progressive machine. I first encountered Fred back in the 1990s, while I was doing a […]

The Tax Man Cometh

Strategies to help you keep more of what you win by Basil Nestor   Gambling income is taxed like regular income, so you may owe substantial money unless you can prove that your gambling activities generated an offsetting loss. It’s spring…which means get ready to pay gambling taxes! Gambling taxes, you say? Yes, you must […]

Video Poker Myths

Strange beliefs, and some surprising facts, about ways to win (and lose) at the machines By Jerry “Stickman” Stich   The makeup of each hand is determined by the machine’s random number generator (RNG). The RNG is constantly cycling. The cards that are dealt are determined at the exact instant you hit the draw button. […]

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