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Frequently asked questions
Fun
Fact
The
average visitor to Las Vegas stays three days and spends about
$500 exclusively on gambling ($150 to $175 per day). Of course
that's an average. Some people lose a lot more, and some finish
with a net win. Players who avoid bad bets and use mathematically
sound strategies are statistically more likely win.
Q
Is it possible to win in a casino?
Or are the games "fixed" so that most people lose?
A
Casino
games in regulated jurisdiction like Nevada and Atlantic City
are most definitely NOT fixed. Gambling in these places is heavily
regulated and scrupulously honest. Casinos DO have an advantage
but it’s usually a few slender percentage points above a player’s
probability of winning. The "house edge" is the source
of a casino's income.
Q
So if the games are so honest and
equitable, why do people lose so much money?
A
Because
most gamblers are very optimistic (bless their souls) but not
very well informed. They play poorly. They think winning is about
luck and hunches. But winning is REALLY about odds. There are
good bets, not-so-good bets, and some bets that are for suckers
only. Too many players make the sucker bets. They literally throw
money away. They have no idea that they can improve the odds in
almost any casino game.
EVERY
contest has an optimal strategy. This includes slots, video poker,
blackjack, craps, roulette, baccarat, keno, Caribbean Stud Poker,
Let It Ride, hold 'em, seven-card stud, pai gow poker, and sports
betting. The key to winning is learning the strategy and using
it.
Q
These strategies work?
A
Absolutely!
We’re not talking pie-in-the-sky theories or optimistic betting
systems. These are mathematically rock-solid methods of giving
the player more opportunities to win. You don’t need to be a math
wizard to use optimal strategies, but any mathematician (or professional
gambler) will tell you it’s the only way to improve your chances.
Of course, there is nothing that can guarantee you will win EVERY
time, but that's not necessary. Even the casino doesn't win EVERY
time, and they're turning a profit. Your goal is to win MORE than
you're winning now and shrink (or eliminate) the casino's advantage.
Q
I’ve heard that blackjack is the
only game you can win in a casino. Is that true?
A
Not
exactly. Most professional gamblers earn their money playing poker.
That’s the most consistently profitable form of gambling (other
than owning a casino). Blackjack and sports betting are also profitable,
but far fewer people earn a living at those contests. Video poker
brings up the rear. In some circumstances VP is a positive
expectation game, but it’s hardly as lucrative as the first
three. All the remaining casino games are negative expectation
which means you can’t earn money from them in the long run (consistently
over months and years).
Of
course it doesn’t mean those games can’t bring you money in the
short run. For example, the house edge in craps and baccarat is
pretty thin (if you bet the right way and don’t buck the odds).
Smarter gamblers have a reasonable chance of making a quick profit.
Q
What is the minimum legal age for
gambling in Nevada and New Jersey.
A
Both
states require gamblers to be at least 21. Youthful looking players
who win substantial amounts are invariably asked to provide proof
of age. Underage gamblers are promptly ejected (without their
winnings).
Q
Why should I gamble?
A
To
have fun. Gambling is a form of recreation. It's like going to
a theme park or seeing a movie. Gambling is NOT a way to earn
money UNLESS you're a professional and you do it for a living.
People with financial problems should NOT gamble. If gambling
is causing problems for you or someone you know then click
here to visit Gamblers Anonymous.
Q
I’m visiting Las Vegas for the first
time. Where should I stay?
A
If
you want to immerse yourself in the hyperactive neon side that
is most popular in the media, then you'll want to stay on the
Strip, anywhere south of Treasure Island and North of Luxor (3300
Las Vegas Boulevard to 3900). Hotels in this area CAN be expensive,
but it's not an absolute rule. There ARE deals to be had.
Classic
(Glitter Gulch style) Las Vegas can be found on Fremont Street
downtown. Hotels in this area are generally cheaper than Strip
properties.
Q
Is it my imagination or are comps
tougher to get in Las Vegas these days?
A
It’s
not your imagination. Comps (complimentary rewards given by casinos
to their customers) are going to players with larger bankrolls
than in previous years. It’s all due to millennium demographics.
Baby boomers (45 to 55) are getting older and wealthier. The 90’s
economy gave them a tremendous amount of disposable income. Newer
casino properties are positioned towards the boomers and their
well-to-do twentysomething offspring.
Families
(parents in their early 30's with children) generally have smaller
bankrolls than boomers. So these middle-income players are getting
fewer comps than they did in the early 90’s.
Q
But I still want comps. How do I
get them?
A
A
casino host will consider many variables when negotiating comps.
This includes the games you play, the exact comp, the day of the
week, the season, and your overall betting and spending patterns.
With that said, here is a GENERAL guideline that works for table
games at most mid-level properties.
You
must play four hours and risk at least $50 per hand to get a full
room comp. Many of the upper-end properties (like Mirage and Bellagio)
require even more.
$75
per hand will get you room and limited food/beverage. $100 per
hand and up will get you full RFB. The quality of the comps will
increase substantially when your wagers go over $100 per hand.
Remember,
you'll get more on a Tuesday in July than you will on a Saturday
in April. And the Bellagio is tougher than the Holiday Inn. Also
remember that the comp spigot will open more quickly if you deposit
$5,000.00+ in the cage and simultaneously request a line of credit.
Does
that sound expensive? Here's some good news. Single meals, show
tickets, and discount rooms are much easier to get. And we haven't
even mentioned comps for slots and video poker.
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