Casino's don't mind an infrequent winner
Dear Mark,
I watched a gentleman on a blackjack table start with $100
and beat the casino out of $4,500. It didn't even faze the
pit boss. I realize it wasn't his money but shouldn't he
have been more concerned that someone beat the casino out
of $4,500 with so little invested? Rob B.
If the game is square, the casino shouldn't give one iota
when someone wins a huge sum of money, even if he or she
started with a meager bankroll. It is not all that rare
for a player to take a hundred dollar bill and run it up
to four digits.
Casino operators realize they will suffer short term losing
streaks, even when every bet is in their favor. Besides,
Rob, casinos are retail establishments. If none of the customers
had any chance of winning big, how long do you think they
could keep their doors open? They actually prefer a few
winners. Winners tell the 90 plus percent who lose where
they won it.
The way casinos guard against financial ruin during a player's
winning streak is to set betting limits at the table. It
is the "house limit" that protects the casino
bankroll against a lucky assault by a hot gambler. Additionally,
the house knows the longer you gamble, the more exposure
you have to the casino's inescapable casino edge.
The gambler's biggest advantage against the house, Rob,
is to quit on your own terms, not the casino's. Unfortunately,
few have the internal fortitude to take the money and run.
Dear
Mark,
Does the Megabucks machine that has a jackpot of $1,252,000
and continually climbing in Reno have the exact same jackpot
in Las Vegas? Jim K.
Yes, Jim, they are exactly the same.
Megabucks is a statewide network of progressive slot carousels
linked together to produce huge, dramatic jackpots. It was
created by IGT to challenge the big payoffs found in state
lotteries.
Each slot machine in the Megabucks network plays independently.
A small computer chip in each machine monitors every coin
played and communicates that information electronically
to a mainframe computer at IGT's headquarters in Reno. The
central computer keeps track of every Megabucks slot and
maintains a constant tally of the jackpot. Then the computer
projects the ever-changing jackpot total to all Megabuck
units where it is displayed on the digital tote board.
Dear Mark,
The reason I enjoy your column so much is because of your
insider's view. You spent 18 years in the business. No other
gaming columnist I've read has. Was writing about casino
gaming an afterthought? Marshall G.
Someone once asked Nobel Prize winner William Faulkner for
his advice to a young and struggling writer; he responded
that the young person should get a job as a janitor in a
whorehouse. I went into casino gambling instead-it paid
more.
Dear Mark,
The last time I went to Las Vegas was in 1963. In December
I'm going back to see what all the hoopla is about. One
problem; I'm a low-limit gambler. Do nickel machines still
exist? Marge G.
You're in luck, Marge. Low rollers can still enjoy the city of Lost Wages. There are 5,000 nickel machines at the Strip mega-resorts and 4,200 downtown.
Dear Mark,
It hasn't happened to me yet, but what should I do if I'm
ever dealt a natural royal flush? I think I will panic and
push the discard button by mistake. Beverly M.
If your hand of destiny has been naturally dealt, immediately
press all five hold buttons, followed by the draw button.
Still nervous, Beverly? Fear not. If any of the top three
hands are dealt naturally, most machines automatically skip
to the payoff mode, eliminating the possibility of you hitting
the wrong buttons.
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