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The Slot Expert's Guide to Winning at Slots and Video Poker3 January 2001
You can hear me give my slot and video poker tips live on The Good Times Show, hosted by Rudi Schiffer with Frank Scoblete, which is broadcast live from Memphis on WHBQ over the air on 560AM and over the Internet on Yahoo! Broadcast on Saturday morning from 8-10 CT.
The expected loss formula tells how much you will lose, on the average, playing a game in a casino. If you look at this formula from the other side of the fence, that is, from the casino's point of view, it's called the expected win formula and it's how casinos pay for lights and air conditioning.
The expected loss formula is simply this: Your expected loss playing a game is the number of decisions per hour times the number of hours you play times your bet per decision times the house edge.
This series of tips deals with stretching your bankroll, that is, limiting your losses, by changing the variables in the formula.
You probably realized that we can simplify the formula a little. The product of the first three variables is your total action. The number of decisions per hour times the number of hours you play (which is equal to the total number of bets you make) times how much you bet is the amount of money you expose to the house edge, your total action. Put more simply, the expected loss equation is: Action times House Edge.
Players don't have much control over the house edge against them, but they have complete control of the amount of action they give. And limiting action is one of the best ways to limit losses.
There's a saying in dieting. If you want to lose weight, there are only two things you can do. You can either do more, get more exercise, or you can eat less. And of the two, eating less is the most effective way to lose weight.
To sum up in casino terms, the easiest and most effective way to cut down your losses is to give less action.
Send your slot and video poker questions to John Robison, Slot Expert, at email@example.com.
For more information about slots and video poker, we recommend:Break the One-Armed Bandits! by Frank Scoblete
Victory at Video Poker and Video Craps, Keno and Blackjack! by Frank Scoblete
Slot Conquest Audio Cassette Tape (60 minutes) with Frank Scoblete
Winning Strategies at Slots & Video Poker! Video tape hosted by Academy Award Winner James Coburn, Written by Frank Scoblete
The Slot Machine Answer Book by John Grochowski
The Video Poker Answer Book by John Grochowski
This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at firstname.lastname@example.org.
Best of John Robison