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.

Casino Games And Mathematics. Part 1.

Can the knowledge of mathematics help a gambler to win?

One can often hear that the best piece of advice given by a mathematician to a lover of gambling games is an assertion which lies in the fact that the best strategy in gambling games is complete abstention from participation in them. A lot of mathematicians consider that the most which the theory of probability and the theory of games can give a gambler are the strategies following which he won’t lose too much.

It is difficult to predict whether the American mathematician Edward Thorp shared this view, when once spending winter holidays in Las-Vegas, he, having entered a casino, decided to try his luck in the game of twenty-one. As it turned out, Dame Fortune” was extremely unkind to him. We do not know for sure what amount of money this teacher of mathematics of one of American universities lost that winter night at the end of the 50-s the beginning of the 60-s of the last century, however, judging by the following events the amount was not small. Otherwise, how can we account for the fact that development of an optimal strategy of this game became for a number of years an idte fixe” of our hero. Besides, the matter was not only in the quantity of money lost by the mathematician. Perhaps, Thorp was simply an extremely venturesome person, and his pride both of a gambler and an expert-mathematician was hurt. Besides, he could suspect a croupier of dishonesty, since, as he had noticed, cards were not shuffled after each game. Though, during the game itself it did not make him very uneasy. However, afterwards, having visited casinos a number of times, he noticed that as the rules did not presuppose obligatory shuffling of cards after each game, so it was difficult to accuse a croupier of anything. Anyway, he managed to develop a winning strategy in the game of twenty-one.

This strategy among other things was based on the same very aspect which had put a defeated mathematician on his guard cards were not shuffled too often. At that, this, apparently, as a rule, was done not because of some evil design, but in order to avoid, so to say, unnecessary slowdowns in the game. The results of his studies Edward Thorp put forth in a book published in 1962 (Thorp E.O Beat the dealer. A winning strategy for the game of twenty one. – New York: Blaisdell,1962.) which made owners of gambling houses in the state of Nevada essentially change the rules of the game of twenty-one. But let’s not ride before the hounds.

In accordance with the game rules of twenty-one of that time one croupier dealt gamblers two cards each out of a thoroughly shuffled pack consisting of 52 cards. Gamblers themselves did not show their cards to a dealing croupier. At the same time out of two cards taken for himself an official of a casino showed one of them (usually the first one) to gamblers. Gamblers evaluate their cards according to the following scale. Jacks, queens and kings have a value equal to 10 points, an ace could be assigned either 1 point or 11 points, the value of the rest of the cards coincided with their numerical value (eights had 8 points, nines took 9, and etc). That gambler was considered a winner who had cards on hand with the sum of points closest to 21 from the bottom. At that, having assessed the received cards every gambler (including a croupier) had a right to take from a pack or putting it simpler, take a widow”, any amount of cards. However, if, as a result, the total number of points after a widow, will exceed 21 points then a gambler must drop out of a game having shown his cards.

Special rules were established with regard to stakes. Initially, upper and lower bounds were set, and every gambler had a right of choice of a specific stake (within these bounds) depending on the evaluation of his position. If, as a result, it turned out that in accordance with the game rules a casino’s visitor had a “better” number of points on hand than a croupier had, he received a gain in the amount of the stake that he had made, otherwise, this gambler lost his stake. In case of an equal number of points of a gambler and a croupier, the game ended in peace, that is the result of the game is considered harmless” both for a gambler and a casino.

Let’s point out that unlike ordinary gamblers a croupier is not obliged to open his cards in that case if the number of points in these cards exceeds 21. Moreover, after all the gamblers have opened their cards, and therefore, all the stakes go to a casino gamblers cannot practically find out what was the number of points of a croupier, in order to build their game strategy for the next game (whether to risk or not to stand pat, and etc). It goes without saying, it gives a croupier considerable advantages. Besides, all the gamblers are surely aware of this, and, … continue to play. Nothing can be done about it, who does not take risks, as is known, does not win.

Casino Gambling: When Fun Becomes Dangerous

Summer’s here! Probably, most people are all packed-up and ready for their holiday vacation. It may be a trip to an exotic Caribbean resort, a beautiful city somewhere in Europe or any wonderful place just to get over the summer heat. Yet to us, who are so hooked up to Casino Gambling, summer is a thrilling ride for another gaming fun and adventure. So, where to this time? Vegas, Atlanta or maybe somewhere international, huh? If you’re not into traveling this time, you can also have everything at your home PC. But anyway, before you start to indulge yourself into the many luxuries of Casino Gambling, you might want to think twice about firmly setting your limits this time. All right! Maybe, you already tried before and it didn’t work. But hey! Keep on trying.

A lot of people visit different casinos all year round. Whether it be in a gambling capital such as Las Vegas or simply at their home, many Americans simply cannot do without casino games. Well, this is not surprising. Casino gambling may mean you’re risking a pot of cash. Yet the betting game and tension, plus the thought of possibly winning the jackpot prize can also be your most exciting adventure ever. Of course, if you bag the gold, the experience becomes more immense.

If you’re too stressed out or bored with your work and daily routine, you definitely need to stretch out yourself and relax. Casino gambling is a great way to release all the tensions in your mind and body. When you visit a real casino, of course, the best part is your being able to enjoy the other facilities, comforts, luxuries, and entertainment offered by the gambling place.

Each time you are enticed by the thrills and fun of casino games, you need to remind yourself though about your limits. Remember the cardinal rule for gamblers? Control, control, and control! Otherwise, you’ll end up empty handed. Worse is that you can literally get hooked with casino gambling. There’s a thin line between moderate gamblers and addicts. Often, many people are too blinded by the excitement that they fail to realize they have already crossed the line. Well, not until their life starts to crumble. For, even a single night of fun can turn into a nightmare the next morning. If you haven’t been careful enough with your bets, then don’t get surprised when you’re confronted by debts the following day.

Casino games are definitely fun and relaxing, for that is their purpose – entertainment. Yet they can also be addictive especially when they are abused. Too often, it’s difficult to tell when you start to become a Casino Gambling addict. Of course, when family members or friends begin to remind you of your gambling, then it’s probably time to check yourself. Of course, do it soon before the addiction devours you and your life. Gambling addiction is also a root of many other problems in the society such as crimes and broken families. If you think you are one or if you know somebody addicted to gambling, do your responsibility of breaking the habit before it starts to break lives and families. Casino gambling is definitely relaxing and entertaining. It eases you from all tensions and pressures. Yet remember, you must always do it with great responsibility.

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.

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.