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Category: Lessons

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. […]

After The Jackpot Slot Games

The dream of every slot player—winning a life-changing jackpot—can turn into a financial nightmare if you don’t manage your money properly. Here are some tips to prepare you for hitting the big one. By Ted Oglesby   In the October issue of Strictly Slots, Bill Burton wrote a very interesting article about how easy it […]

Video Poker Resolutions

Tips to help you enjoy more wins and more fun in 2011 You should never play less than five coins. The reason is that the royal flush pays 250-for-1 when playing one to four coins, and 800-for-1 with five coins played. By not playing the full five coins, payback is reduced about two percent.   […]

What Would You Do If…

Hypothetical situations at the blackjack tables for you to ponder By Henry Tamburin You’re playing blackjack in a Las Vegas casino when a new dealer takes over. You notice something unusual: occasionally, the dealer is unknowingly exposing her hole card. She obviously needs to practice her dealing technique, but right now you’re faced with a […]

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