Good advice can come from anywhere
Dear Mark,
I very much enjoy your helpful hints on casino gambling
in your columns, but I'm curious, what's the best advice
you've ever heard preached? Ned C.
In the casino business, the best admonition to get ahead
is "Never make suggestions." As for a gambling
nugget, the following voice of reason caught my attention
while I was walking down the Strip in Las Vegas.
A panhandler approached and asked if I had any loose change
so he could buy a hot dog. Unfortunately, spare change doesn't
exist in Las Vegas. Strategically positioned slot machines
allow you to travel light. But I guess I'm an easy mark
for a hot dog story so I gave him a nickel chip-casino talk
for $5-that I had in my coat pocket.
After his gratitude for my allowing him to bump up into
buffet dining, or whatever, he shared some of his best gaming
wisdom. "Go downtown to Binion's and make a pass line
bet and take those 10 times odds. It's one of the best bets
in the house," he said.
Guess what, Ned? He's right on. The house advantage on this
wager is .018%. Those multiple odds he was talking about-
zero casino advantage. It's the line bet where the casino
enjoys its slight edge. And I mean slight. Expected mathematical
loss on a $1 line bet with $10 odds, about 4¢. But
we can combat that too, Ned. Throw in a few free drinks
and pry a breakfast out of a floorman, you're getting to
the point where they're paying you to play.
Yes, advice comes from the funniest places.
Dear Mark,
Are the dice placed on the crap game ever inspected for
imperfections so the same number won't repeat itself? Steve
B.
Because I can predict with 100% certainty that every casino
has at least one lazy pit boss-I was one-you can be assured
that the dice placed on the game are near perfect. The perks
for this idle behavior? Going up to the boss's office and
inspecting dice. This meant feet on the head honcho's desk,
Oprah on the tube and talking on the phone long distance
to friends and family because I knew the secret dial code.
Oh, and inspecting dice with a micrometer to make sure our
dice were produced to a tolerance level of .0005 of an inch.
But we were the second line of defense. Dice makers who
cut this poly-sorbate plastic in lots of five or six deal
in tolerances of .0002, with imperfections discarded, making
the random nature of a dice throw a certainty.
By the way, Steve, no not you, Steve, my former boss Steve.
You never asked, but those long distance calls to Michigan
were probably mine.
Dear
Mark,
On a trip to Las Vegas, I tracked each and every hand (see
enclosed) that I won and lost. As you can see I lost more
hands (160 losses, 142 wins) than I won. How can you write
in your column that when playing blackjack the house edge
is less than 1% when you lose more often than win? Jon G.
Throw
your chart away, Jon. Blackjack is a horrible game if your
foundation for winning is based on how many hands you actually
win. Excluding ties, a player loses approximately 53% of
all hands. However, the casino, bless their hearts, permits
you to double down and split hands after viewing the dealer
up card. This allows the player to get more money in the
circle when conditions are favorable. In addition, they
give you that sweet 3 to 2 payoff for a blackjack.
That is why, Jon, the casino has only a half percent edge
over the disciplined basic strategy player.
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