Last Updated: May 10, 2011

Gambling FAQ

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Reason #3 why the Wizard likes Bovada: Excellent Odds

In my opinion many online casinos are too stingy when setting the odds on their games. They think they will make more money that way but I believe they are misguided, because when players lose too quickly it's not fun, and those players might not come back.

Bovada is one of the few casinos that understands this. They offer generous odds to let you play longer and get you a better chance of winning. Among their generous offerings are Full-Pay Jacks or Better returning 99.54%, five other video poker games paying over 99%, single-zero roulette, and my favorite, Double Jackpot Poker, returning 99.63%!

Kudos to Bovada for not being afraid to give their players a good gamble.

Visit Bovada

Betting Systems

  • What do you think of my betting system?
  • My betting system will make us both rich. Will you run a computer simulation on it?
  • I don’t care if my system fails a billion-hand computer trial because I don’t intend to live that long.
  • Will the casinos throw me out when I win too much with my betting system?
  • If I double my bet after every loss then I can’t lose, right?
  • If the Martingale is no good then the Anti-Martingale will win, right?
  • When do I enter the “long run?”

Blackjack

  • Does it make any difference which position I sit at?
  • Is it true that an idiot at third base will cause the other players to lose?
  • How should I prepare myself to play blackjack?
  • Why is the house edge for single-deck lower than for multi-deck?
  • Which card-counting strategy do you recommend?
  • What is the probability of winning any given hand?
  • What is the probability of getting a blackjack?
  • How did you calculate that?
  • What do you think of the strategy of mimicking the dealer?
  • What is the probability of losing $x in a fair game?
  • I disagree about splitting 8’s against a 10 or an ace.
  • I disagree about standing with two sevens against a dealer 10 in single deck.
  • I disagree about some other play.
  • What is the house edge if you don’t double or split?
  • What is the probability of the dealer getting x cards without busting?

Craps

  • How did you derive the house edge in craps?
  • What would be the combined house edge if you could lay or buy these amounts on the different points?
  • What is the house edge on this combination of bets that I make?
  • What is your opinion of betting equal amounts on the pass and don’t pass lines in craps and taking full odds on the pass line?
  • I understand that the house edge on the pass line and come is 1.414% but what is the edge by following a strategy that can have a combination of both active at the same time?
  • Your combined house edge table between the don’t pass and laying odds disagrees with every gambling writer I have seen address the topic, including the legendary John Scarne. Are you sure you’re right?
  • What is your opinion on influencing the dice?

Internet Gambling

  • Please add this casino to your blacklist.
  • I played at some casino and lost a lot, so they must be cheating. Please warn your readers.
  • Please analyze these transcripts of my play to see if the casino is cheating.
  • The casino asked for copies of my ID and utility bill. Is this normal?
  • How do online poker sites prevent collusion and how do I protect myself?
  • Where can I play the Boss Media blackjack game with a player advantage?

Gambler’s Fallacy

  • I disagree that if the ball has landed on red 20 times in a row that red and black are equally likely on the next spin.
  • The probability of getting 20 reds is very high, so if there have been 19 blacks then the next spin will almost certainly be black.
  • What is the probability of winning an even-money bet in roulette n times in a row?
  • You’re wrong. Black is more likely after a bunch of reds.

Gaming Math as a Career

  • Are you finished with the actuary exams? Do you do consulting on gambling for a living?
  • I want to follow in your footsteps as a gaming mathematician. Do you have any advice?

Las Vegas

  • What game(s) should I learn before my first trip to Vegas?
  • Where should I stay in Vegas?
  • I’m thinking of moving to Vegas. What’s it like to live there?

Miscellaneous

  • I invented my own casino game and want to market it.
  • What’s your favorite casino game?
  • What are the 2 or 3 best games to play in the casino?
  • Are you involved in options trading?
  • In a poker game with wild cards which is higher, a royal flush or five of a kind?
  • Do you have any advice for playing tournaments?
  • Why don’t you have any articles on money management?

Other Games

  • Do you have anything on Caribbean Draw Poker?
  • Have you analyzed the version of Caribbean Stud Poker where you can buy another card for the price of your ante bet?
  • Will you analyze this new game I found?

Probability

  • What is the probability of ...?
  • My friend and I have a disagreement about a probability question....
  • Can you show me why my calculations of the house edge for some game don’t match yours?
  • How do you select the random numbers for your simulations?
  • Which is more likely to win the lottery: a specific set of numbers, or randomly-chosen numbers?
  • If you roll three dice what is the probability of rolling at least one six?
  • How do the probabilities of making any given hand in five-card stud change according to the number of players?
  • How do I calculate the fair odds given the probability of winning a bet, and vice-versa?
  • I think you made a mistake with your slot machine probabilities.

Roulette

  • What do you think of the idea of betting two columns in roulette? This offers almost a 2/3 chance of winning.
  • Is there any pattern to the order of the numbers on the wheel?

This Website

  • Can I buy you dinner when I’m in Vegas?
  • Why did you create your site in the first place?
  • I can’t get the Java games to work.
  • I like the look of your site. Can I hire you to do one for me?
  • (I don’t trade links, period. Please don’t ask.)

Video Poker

  • Are video poker and video keno games fair?
  • How did you get your paytable analyzer program to run so fast?
  • Are the draw cards the next five cards in the deck, or is a replacement sitting behind each card dealt?
  • How did you calculate the total number of possible combinations of cards for the draw and the deal?
  • What is the expected return of this paytable?
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