Dear Mark,
I watched a gentleman on
a blackjack table start with $100 and beat the casino out of $4,500. It
didn't even faze the pit boss. I realize it wasn't his money but
shouldn't he have been more concerned that someone beat the casino out
of $4,500 with so little invested? Rob B.
If the game is square, the casino
shouldn't give one iota when someone wins a huge sum of money, even if
he or she started with a meager bankroll. It is not all that rare for a
player to take a hundred dollar bill and run it up to four digits.
Casino operators realize they will suffer
short-term losing streaks, even when every bet is in their favor.
Besides, Rob, casinos are retail establishments. If none of the
customers had any chance of winning big, how long do you think they
could keep their doors open? They actually prefer a few winners.
Winners tell the 90+% who lose where they won it.
The way casinos guard against financial
ruin during a player's winning streak is to set betting limits at the
table. It is the "house limit" that protects the casino bankroll against
a lucky assault by a hot gambler. Additionally, the house knows the
longer you gamble, the more exposure you have to the casino's
inescapable casino edge.
The gambler's biggest advantage against
the house, Rob, is to quit on your own terms, not the casino's.
Unfortunately, few have the internal fortitude to take the money and run.
Dear Mark,
Does the Megabucks
machine that has a jackpot of $1,252,000 and is continually climbing in
Reno have the exact same jackpot in Las Vegas? Jim K.
Yes,
Jim, they are exactly the same.
Megabucks is a statewide network of
progressive slot carousels linked together to produce huge, dramatic
jackpots. It was created by IGT to challenge the big payoffs found in
state lotteries.
Each slot machine in the Megabucks network plays
independently. A small computer chip in each machine monitors every coin
played and communicates that information electronically to a mainframe
computer at IGT's headquarters in Reno. The central computer keeps track
of every Megabucks slot and maintains a constant tally of the jackpot.
Then the computer projects the ever-changing jackpot total to all
Megabuck units where it is displayed on the digital tote board.
Dear Mark,
The reason I enjoy your
column so much is because of your insider's view. You spent 18 years in
the business. No other gaming columnist I've read has. Was writing about
casino gaming an afterthought? Marshall G.
Someone once asked
Nobel Prize winner William Faulkner for his advice to a young and
struggling writer; he responded that the young person should get a job
as a janitor in a whorehouse. I went into casino gambling instead — it
paid more.
Dear Mark,
The last time I
went to Las Vegas was in 1963. In December I'm going back to see what
all the hoopla is about. One problem: I'm a low-limit gambler. Do nickel
machines still exist? Marge G.
You're in luck, Marge. Low rollers can
still enjoy the city of Lost Wages. There are 5,000 nickel machines at
the Strip mega-resorts and 4,200 downtown.
Dear Mark,
It hasn't happened to me
yet, but what should I do if I'm ever dealt a natural royal flush? I
think I will panic and push the discard button by mistake. Beverly M.
If your hand of destiny has been naturally dealt, immediately press all five
hold buttons, followed by the draw button. Still nervous, Beverly? Fear
not. If any of the top three hands are dealt naturally, most machines
automatically skip to the payoff mode, eliminating the possibility of
you hitting the wrong buttons.
