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*** Gambling Newsletter ***

Hot News and Winning Strategies for Gamblers
Volume 4 Issue 37 - 30 SEP 2005

IN THIS ISSUE

TOP NEWS: Bonus Offers
STRATEGY: Slots
POKER: Jesus Sells Beer?
SPORTS: Bad Beats
EDITOR: Bingo Prizes Giveaway

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TOP NEWS
Bonus Offers

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STRATEGY
Slots

Demystifying Slots Myths

Dear Mark,
Does it make any difference on a slot machine if I pull the handle or
push the spin button? If a machine recently hit for a decent sized
jackpot, should I avoid that machine? Lastly, if I get up from a machine
and the next player hits a jackpot, would that have been mine? Jean B.

Readers are either going to nod in agreement with what I’m about to
write, or stay in defiance. The choice is yours, my friends, but I’m
still going to debunk three of the most common slot myths there are.

First of all, pressing the spin button or yanking the handle has no
bearing on the outcome of a spin. The handle is nothing more than a
connection to the switch that operates the spin button.

As to your second question on the machine that just hit: is it still
just as worth playing as it was before the hit. The answer, Jean, is
Yes, and that it makes no difference. Although the laws of probability
dictate that the more any machine is played, the closer it comes to a
jackpot hitting, it is equally likely that a jackpot could hit at any
given moment, including the very next spin.

Finally, as to the "Just whose jackpot is it?" question -- well, Jean,
it’s not yours, it’s the dude’s who’s parked in front of the machine and
who pressed the spin button. "Why?" she screams, "I’m the one who set
it up!" Because, I reply somberly, all modern slot machines come
equipped with random number generators, with symbol combinations
constantly changing every millisecond from the time you insert the coin
until you hit the spin button. That makes the jackpot his, not yours.

Dear Mark,
Your column recently mentioned average payback percentages of slot
machines across America. What you didn’t mention, but I’m guessing to be
true, is that it is better to play video poker than slots. Am I right or
wrong? Susan L.

Choosing between video poker and slots is a no-brainer. A video poker
machine will spit more silver your way. Even WAG (wild-ass guessing)
play on a video poker machine will generate a better return than is
available through most "reel" slot machines.

Every video poker and slot machine has a built’in house edge working in
their favor with each coin inserted. This is how the casino goes about
extracting money from players in order to stay in business. Skilled
players can cut the house advantage to near zero, or, dare I say it,
swing the odds in their favor when they play perfect basic strategy on
select video poker machines. Compare this to the “up to” 15% hold the
casino can have with slots.

The bottom line, Susan, is that the lesser the house edge, the more
favorable the game is for the player. Video poker, in general, carries a
much smaller casino advantage than almost all slot machines do.

Big Correction: My mailbag informed me that there was much confusion,
and rightly so, over my answer to Sam’s question about laying the four
for $100, which he claimed gave him 2 to 1 in his favor when the seven
hits. He also stated that he finds this an easy way to make a $100.

Recapping, with a Lay bet you are betting against the player and with
the house and hoping that a 7 appears before the point number of 4 rolls
out. Lay bets are paid off at true odds, minus the house’s 5% on the
amount won. When Sam Lays the 4 (or 10), Sam would have to Lay $200 to
win $100, minus a 5% commission. As for “2 to 1” in his favor, I should
have been more descriptive in stating that the seven can appear in six
different combinations with a pair of dice as opposed to only three
combinations with the four. That’s the 2 to 1 in his favor. I went off
on some tomfool tantrum that Sam couldn’t buck the 2.44% house edge with
that wager and missed some obvious errors in his question.

Gambling Wisdom of the Week: "It's not easy losing $10,000 because an
eighteen-year-old freshman choked on two free throws late in the game."
--Chad Millman, "The Odds"

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POKER
Jesus Sells Beer?

Poker Players Taking Advantage Opportunities

When it comes to selling beer on television, companies have hired the
likes of Bob Uecker and John Elway among others to pitch suds, but
nobody sells beer like "Jesus."

Sporting a resemblance to that famous fellow in the miracle business
with his long locks and well-kept beard, Chris "Jesus" Ferguson is the
pitchman for Milwaukee's Best Light beer. Ferguson stars in a series of
ads that hit the new high-water mark for mainstream companies using
poker players for endorsements.

Full story at:
http://www.pokerforum.com/content/PokerForum-pf/article2939.html

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SPORTS
Bad Beats

Bad Beats

Handicapper Ben Burns takes a look at a few of the “bad beats” bettors
have experienced from the first few weeks of the new NFL and NCAA
football season. So if your still steaming about that Dallas Cowboy loss
on Monday night, you’re not alone….

Full story at:
http://www.winneronline.com/articles/september2005/bad-beats.htm

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EDITOR
Bingo Prizes Giveaway
Steve Johnson, Gambling Newsletter

There is good news for bingo players: how'd you like to win weekly cash
prizes playing your favarite game? Simply go to Bingo Alley
[http://www.bingoalley.com/] and sign up for their free bingo account.
They are giving away three weekly cash prizes each Monday starting next
week, and a even bigger cash prize at the end of each month.

For Pokerforum.com users, go to www.pokerforum.com
[http://mb.pokerforum.com/showthread.html?t=1200] and join their
freeroll tournament. The prize pool is at a cool $250!


*See you in couple of weeks!*

Steve Johnson, Editor
editor@gamblingnewsletter.com

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This week's Gambling Newsletter sponsored by

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