Sunday, June 24, 2012

E-22: Group Gambling

This may not be favoured by everyone but this tip is: 

Splitting your Bankroll with a Gambling Partner and Playing Together.

If you are going to Vegas with a close friend we recommend gambling and sharing your equal bankroll. Always buy in for the same amount and share the wins or lose evenly, regardless of what is lost or one by whom.

If you play the games mathematically and don’t rely on luck and superstition, then you will never have  a disagreement on what one of you did during a game.

Poker: Even in a game like poker, which does not necessarily have a set way to play, you still wont disagree with each other because you can always see the other persons reasoning for doing something.

Roulette/Money Wheel: Which are completely random, it makes no difference what one of you bet on. There is no skill involved and it’s just the size of the bet you need to agree on.

Blackjack/Video Poker: Which have a proper strategy to follow, you know the other person will make the right decision and trust each other, because you have learnt the correct method.

The 2 reasons to do this, is to have a decent bankroll to play against the house with. Secondly and more importantly, it means you both experience Vegas in the same way. It will really enhance your gambling experience.

It is no fun to lose your cash and then watch your friend win while you just standing there pissed off. You are angry you lost and then your friend feels guilty that he won and you didn’t.

Sunday, June 17, 2012

E-21: Video Poker Myths

Myth 1: A video poker machine is due to hit its royal flush if it hasn’t for a while.

Fact: Again like slots, this is not the case. Video poker machines also use a random number generator to create the poker hands. Past hands do not affect the future.
Think of it like the hand is dealt, the cards are collecting, shuffled and re dealt again. It is completely random.

Myth 2: You should always play max coin when playing video poker machines.

Fact: This is actually true, but maybe not in the sense you are thinking. Playing max coin doesn’t actually increase your odds of being dealt a better hand, but makes you applicable for the royal flush bonus, which is proportionately higher than the other payouts.

Myth 3: Playing the different variations of video poker, such as Double Bonus, Double Double Bonus and Deuces Wild is better than the standard Jacks or Better.

Fact: It is true that these games are better for the player, but only if those games are using the full pay table. So ensure you check the pay table first

Myth 4: Machines are programmed to display close hits, such as 4 to a royal flush.

Fact: This is just a matter of player perception. Because of the random number generator the cards are completely random. It’s just that you are much more likely to remember a hand that you only just missed on rather than the hundreds of hands you had nothing.

Myth 5: Machines are looser on weekdays and are tightened up by the casino on weekends and holidays.

Fact: This one is untrue. Casinos simply do not have the man power to change the pay tables of machines every week. It’s just not cost effective. Plus it must be witnessed by an outside regulator when they do change them.

Sunday, June 10, 2012

E-20: How to Play Caribbean Stud Poker

Caribbean Poker is a very simple game to learn and can be a good starting point if you want to start playing table games


You must first place a bet in the Ante box and an optional $1 bet in the progressive jackpot spot.

Five cards are then dealt to each player and to the dealer, with one of the dealers cards exposed to the players.

You then look at your cards, but must not show your cards to another player.

You now decide if you want to keep going or forfeit your ante and jackpot wager.

If you decide you want to play on, you must place a wager that is double your ante bet.

You then place your cards face down on the table and wait for the dealer to take the folded hands and bets.

The dealer will then expose his 4 other cards.

For the dealer to qualify and pay all bets, he must have an ace and a king or higher. (pair, 3 of a kind etc)

If he does not qualify, the dealer will pay even money on the ante bet and the bet/raise wager will be considered a tie or push.

Obviously if the dealer does qualify and his hand is ranked higher than yours, then he will take both your ante and raise wagers.

If he qualifies however, and your hand is higher, then you will be paid both your ante and raise bet based on the pay table displayed.

This is the standard pay table for most Vegas casinos.
For a pair and lower you are paid at 1:1
Two pair 2:1
Three of a kind 3:1
Straight 4:1
Flush 5:1
Full House 7:1
Four of a kind 20:1
Straight Flush 50:1
Royal Flush 100:1

The side bet will be paid depending on the casinos house rules and jackpot pay table.

Sunday, June 3, 2012

E-19: Emotional Bankroll

Determine your emotional bankroll. It is just as important to think about your comfort level than it is to plan your actual gambling

First figure out what sort of gambler you are. Most people fall into 1 of 3 categories.

The Conservative Player
The Serious player
Or The Extreme Player

The Conservative Player is usually more concerned with the price of entertainment than the game itself. They will have a small bankroll and will control it carefully each day. These players will usually stick to slots or $5 table games. They are often just gambling because that’s what they feel they should be doing in Vegas.

The Serious Player is aware of the odds of the games he is playing and knows the best and worst bets in the house. They will usually have a larger bankroll than the conservative player and be placing larger bets.

The Extreme Player is often only concerned about the actual gamble, rather than the result. They are chasing the action and enjoy the thrills of large wins and large losses.

You should play at a level that gives you a thrill, but you don’t want to be stressed out on every bet.

It’s always best to start gambling at the level you feel comfortable with and then if in time you find it no longer is enjoyable, move up a level.
If moving up a level is too stressful, do not hesitate to move back down.

Everyone has different comfort levels and you should never be embarrassed by how much you gamble