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Good gambling is getting harder to find every day. Thankfully, itís not gone altogether. While some casino operators are looking at new ways to generate revenue (i.e., bottle service) there are still some operators who still look to the casino to earn their revenue. These casinos often offer better odds in blackjack, craps and, in this case, video poker.
Better odds arenít all weíre searching for when it comes to video poker. Weíre looking for the best odds. Specifically, we're looking at games that return at least 100%. Playing video poker games with 100%+ returns and perfect strategy will allow for a rare positive when gambling, expected value. That represents the average amount you can expect to win per bet if the bets each have identical odds (like these games) and are repeated many times. When you have a game with positive expected value, youíre repeating a wager that will return more than you play over time.
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Last week, we told you about a $20,000 wager made by Derek Stevens, owner of the D and Golden Gate casinos in Downtown Vegas. It was placed on Michigan State to win the NCAA basketball tournament could have netted him a cool million bucks.
Stevens was on just about every media outlet you could imagine talking about the ďMillion Dollar BetĒ until game time where he hung out at Long Bar inside the D to watch the big game. If you were at there over the weekend, you could have even taken a photo with a giant replica of the ticket (shown above).
Walk into any of the dozens of poker rooms in Las Vegas and the game you are most likely to see running is Texas hold 'em. While there are plenty of places around town to hit up if you're looking to mix things up with some different games, hold 'em is currently king in the world of poker and shows no sign up giving up that crown.
It's important to note that hold 'em comes in two distinct flavors: limit and no-limit. While the general rules of the game are the same regardless of which style you are playing, the difference in the betting structures can make the games massively different when it comes to how the action plays out.
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Most casino visitors know the odds are stacked against them. Still, itís fun to try and take on the house. Some players go for broke and play games like Megabucks, where the chances of winning are minute but the potential payout colossal. Others pick games like blackjack, where big wins are rare but the chances of leaving ahead arenít so bad. Whatever you choose, itís important to understand game selection alone doesnít determine your odds.
Gamblers thinking theyíll play things safe by sticking to conservative games like video poker and craps often overlook the fact that those games are only safer if played under the correct circumstances. Played incorrectly, either by using imperfect strategy or by making the wrong types of bets, these games can have a house edge as bad as the worst of slot machines. Additionally, even if playing optimally, casinos can change the rules such that the odds arenít as you would expect. Hereís a look at just how widely the house edge can swing on some of the most popular games:
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6:5 blackjack. Oh, 6:5 blackjack.
Why we hate 6:5 blackjack
Letís keep it simple. When a casino pays 6:5 on blackjack instead of the traditional 3:2, you get paid less money when you get a natural blackjack. The difference is getting paid $12 for a $10 wager on a 6:5 game vs. getting paid $15 for a $10 wager on a 3:2 game.
Depending on other rules of the game, this can push the house edge from about 0.43% to 1.88%. Thatís a huge shift in odds. You can play with this blackjack calculator to see the house edge in any blackjack game.
Downtown / Downtown Vegas / Derek Stevens / March Madness / The D / Golden Gate / Golden Nugget / Sports Betting / Gambling / Sportsbooks / Casinos / → All Tags
On December 5, Derek Stevens, owner of The D and Golden Gate casinos in downtown Vegas, placed a $20,000 wager on the Michigan State Spartans to win the NCAA Basketball Championship at 50-1 odds. He placed the bet at the Golden Nugget. As March Madness comes to an end, Stevens stands to score one million if Michigan State can win their last two games.
On Saturday, April 4, Michigan State will play Duke at 3 p.m. (PT) in the first, national semifinal game. If the Spartans win, they will take on the winner of Kentucky vs. Wisconsin who play later that evening. The final game is scheduled for Monday, April 6 in Indianapolis.
IGT has partnered with the Golden Nugget to launch the first video poker interstate jackpot pool in Las Vegas and Atlantic City. SuperTimes Pay Poker Mega Progressive jackpots are similar to the large payouts you find in Megabucks and Wheel of Fortune slot machines.
The SuperTimes Pay Poker Mega Progressive jackpot (say that three times fast) is available in 3 play video poker machines in quarter and dollar denominations. SuperTimes Pay Poker machines often start with nickel denomination so make sure youíre playing the correct amount if youíre chasing the big money.
Survival Strategies / Tips / Video Poker / Gambling / Casinos / → All Tags
Call us (me) simple, but thereís almost always something interesting when looking behind the numbers in gambling. Todayís example of being easily intrigued comes from looking at how often certain hands show up when playing Jacks or Better video poker.
Whatís fascinating today is the following:
The 2015 Major League Baseball season is almost upon us and now is the time for sports bettors to get their pre-season World Series picks in. Itís an especially exciting time for Chicago Cubs fans. After recently signing starting pitcher Jon Lester, this may be the Cubs best chance at breaking the Curse of the Billy Goat in years.
If youíre not the type to believe in curses, perhaps
density destiny is more your style. If thatís the case then, before making any wagers, you may want to consider that the outcome of this yearís Series was predicted more than 25 years ago.
Vegas For Beginners / Gambling / Planet Hollywood / Sports Betting / Betting / Sportsbooks / Blackjack / Video Poker / The Cosmopolitan / Gaming / → All Tags
Unless you gamble frequently, you may not realize it isnít all the same. To the non-gambler, blackjack is blackjack is blackjack. Gamblers know that isnít true. Not only do many casinos offer different rules, odds and returns for games, you may even find different rules and odds for the same game under the roof of a single casino.
A casino may offer blackjack with different odds depending on if you're by the door, in the high limit room or in the party pit. This can be the case with other forms of casino gambling, from betting on sports to video poker.
Video poker is a funny thing. Most players fall in one of two categories: theyíre either a slave to only playing the best pay tables or they donít care about them at all.
I care about pay tables about 80% of the time and usually only play the best available. The other 20 percent? I donít care. I will play a game that features a random bonus round, one that sits atop a bar where I want to drink, or one that has a twist, like Ultimate Poker X. Nickel and penny video poker games often have awful pay tables so I didnít even bother looking when I first pull up a seat at a 3-play nickel Ultimate X game, which takes 30 credits.
You may have heard the Nevada Gaming Commission authorized wagering on the Olympics last month. What you may not have heard is that it also approved virtual horse racing the same day.