Dear Mark,
Does the slot machine know once I've won three or four
small jackpots in a row to stop paying me because it has already paid me
too much money? Roger B.
The machines are not programmed to say to
themselves; "Oh no, I've been paying Roger way too much money. Time to
stiff this loser."
Slot machines, Roger, do not operate by
artificial intelligence as you suggest in your question, but are
preprogrammed to pay out a certain percentage on a random basis with all
kinds of streaks-good and bad-appearing. All symbols are selected by a
random number generator (RNG) and this small internal chip knows nothing
about cycles. What the programming does tell the casino operators is
that after millions and millions of decisions, "X" amount of money
will be earned by the casino and lost by the players. But no one, Bob, not
even the machine, knows what the actual "sequence" of wins and losses
will be.
Dear Mark,
Is it true that in
Canadian casinos there is no tax taken from jackpots? Randal H.
True, Randal, all winnings are passed on
to the player. But, American players like you who play at Casino Niagara
and win more than $10,000 are required to report it at the border.
Dear Mark,
Recently a dealer
flipped over a blackjack and yelled out "red snapper." Is that some sort
of insider lingo? I've never heard it before. Noreen R.
A snapper is an archaic term for
blackjack. A red snapper is a blackjack composed of two red cards.
Dear Mark,
Is it true that baccarat
is a very erratic, risky game and the casinos bottom line can be in
jeopardy by a high roller? John Z.
If ever, John, there were a scenario
where a casino owner would climb to the top of his casino and leap, it
would be when a whale-a heavy hitter who has just as much money as the
casino-sits down on a baccarat game and begins kicking rear end.
For the bigger joints in Las Vegas,
baccarat represents a large percentage of their annual win. But baccarat
can be extremely volatile, both in volume and in the casino's hold
percentage.
What's interesting is that only a small
number of high rollers contribute to the total baccarat revenue. It is
estimated that the very highest of high rollers (those with credit
limits of more than $1 million and the potential for $1 billion annually
in casino play) number no more than 200 planetwide. So why do they play
baccarat? Because of the game's intensity-40 to 60 hands an hour-and its
favorable odds-under 1.25% for the house. I've seen single bets on a
baccarat game at $100,000 a whack. Hoo ahh! Multiply that by 50 hands
per hour and you have $5,000,000 in play that could possibly swing
against the house. Too bad, so sad, the megabucks sheik from Saudi
Arabia is glad.
Given the above factors, baccarat's high
betting limits and favorable odds to the player, yes, John, it is a very
risky and unpredictable game for the casino.
Dear Mark,
While playing blackjack,
if the dealer miscounts the player's total and starts to pay off on a
losing hand, is the player expected to correct the dealer? Lane B.
The short answer is no. You do not have
to inform the dealer that he has made a payoff mistake. When I pitched
cards, players never informed me that I had made an error (of course I'm
exaggerating just a little bit, but that's how I remember it!).
Nevertheless, Lane, virtue, honesty, even
altering your karma comes into play. Only you can decide where your
integrity lies.
