Slot machines don't have synthetic reasoning capabilities
Dear Mark,
Does the slot machine know once I've won three or four small
jackpots in a row to stop paying me because it has already
paid me too much money? Roger B.
The machines are not programmed to say to themselves; "Oh
no, I've been paying Roger way too much money. Time to stiff
this loser."
Slot machines, Roger, do not operate by artificial intelligence
as you suggest in your question, but are preprogrammed to
pay out a certain percentage on a random basis with all
kinds of streaks-good and bad-appearing. All symbols are
selected by a random number generator (RNG) and this small
internal chip knows nothing about cycles. What the programming
does tell the casino operators is that after millions and
millions of decisions, "X" amount of money will
be earned by the casino and lost by the players. But no
one, Bob, not even the machine, knows what the actual "sequence"
of wins and losses will be.
Dear Mark,
Is it true that in Canadian casinos there is no tax taken
from jackpots? Randal H.
True, Randal, all winnings are passed on to the player. But, American players like you who play at Casino Niagara and win more than $10,000 are required to report it at the border.
Dear Mark,
Recently a dealer flipped over a blackjack and yelled out
"red snapper." Is that some sort of insider lingo?
I've never heard it before. Noreen R.
A snapper is an archaic term for blackjack. A red snapper is a blackjack composed of two red cards.
Dear Mark,
Is it true that baccarat is a very erratic, risky game and
the casinos bottom line can be in jeopardy by a high roller?
John Z.
If ever, John, there were a scenario where a casino owner
would climb to the top of his casino and leap, it would
be when a whale-a heavy hitter who has just as much money
as the casino-sits down on a baccarat game and begins kicking
rear end.
For the bigger joints in Las Vegas, baccarat represents
a large percentage of their annual win. But baccarat can
be extremely volatile, both in volume and in the casino's
hold percentage.
What's interesting is that only a small number of high rollers
contribute to the total baccarat revenue. It is estimated
that the very highest of high rollers (those with credit
limits of more than $1 million and the potential for $1
billion annually in casino play) number no more than 200
planetwide. So why do they play baccarat? Because of the
game's intensity-40 to 60 hands an hour-and its favorable
odds-under 1.25% for the house. I've seen single bets on
a baccarat game at $100,000 a whack. Hoo ahh! Multiply that
by 50 hands per hour and you have $5,000,000 in play that
could possibly swing against the house. Too bad, so sad,
the megabucks sheik from Saudi Arabia is glad.
Given the above factors, baccarat's high betting limits
and favorable odds to the player, yes, John, it is a very
risky and unpredictable game for the casino.
Dear
Mark,
While playing blackjack, if the dealer miscounts the player's
total and starts to pay off on a losing hand, is the player
expected to correct the dealer? Lane B.
The
short answer is no. You do not have to inform the dealer
that he has made a payoff mistake. When I pitched cards,
players never informed me that I had made an error (of course
I'm exaggerating just a little bit, but that's how I remember
it!).
Nevertheless, Lane, virtue, honesty, even altering your
karma comes into play. Only you can decide where your integrity
lies.
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