Gambling Quiz : Test Your Knowledge :

[Kramer]

GAMBLING TEST :

1 .You are playing at a roulette table where the last ten numbers have been red. What color should you bet on the next spin?
A : BLACK - BECAUSE ITS OVERDUE
B : RED - THIS IS THE TREND
C : DOESN’T MATTER


2 .You are playing blackjack where another player is playing foolishly. What should you do?


Leave the table. By playing foolishly he is disrupting the natural flow of the cards, causing the dealer to win.
Ignore him.
Verbally taunt him to cause him to leave
3 .You have the choice of two identical slot machines to play. One has recently hit a jackpot and the other has not hit one in a long time. Which one should you play?

Doesn't matter.
Play the machine that is overdue for a jackpot. It is ripe and ready to payoff.
Play the machine that just hit, maybe it will hit again.
4 .When should you take insurance in blackjack? Assume you are not counting cards

Always
Only when I have a blackjack (even money)
When I have a blackjack or other high total
Never

5.What is the best bet in baccarat?
The Banker
The Player
The Tie
6.Which list contains the best bets in the typical Las Vegas casino, assuming competitive rules and optimal strategy is followed?
Caribbean Stud Poker
Let it Ride
Slots
Keno
Roulette
7 .Which is the worst bet in the casino, assuming typical rules and optimal strategy?

Caribbean Stud Poker
Let it Ride
Slots
Keno
Roulette

8.Which of these video poker machines should you play?

One with a low pay table but has been paying.
One with a high pay table that is sucking up money.
Doesn't matter



9.Which is the best bet under Atlantic City rules?
Spanish 21 (8-deck, dealer stands on soft 17)
Craps (2X odds)
Blackjack (8-deck, dealer stands on soft 17)
Video poker (full pay jacks-or-better)
Baccarat
10. In blackjack you have a 15 and the dealer is showing a 9. You have a feeling the dealer is going to break. What should you do?

Stand
Hit
Double
11. Which of these is the worst bet on the craps table?

The field
Any 11
Any 7
Any craps
Hard 4/10
12 What should I do after a losing bet, assuming the goal is to maximize the rate of return on future bets?
Bet more.
Bet less.
Doesn't matter.

I'll leave it up for a month or so ...

[Snowman]

1. Doesnt matter-C
2. Leave the table
3. Doesnt matter
4. Always
5. Banker
6. Roulette
7. Let it Ride
8. Doesnt matter
9. Craps
10. Hit
11. Any Craps
12. Doesnt matter

[The Judge]

1. Doesn’t matter
2. Ignore him
3. Doesn’t matter
4. Never
5. The Banker
6. Roulette (or slots?)
7. Keno
8. Doesn’t matter
9. Blackjack
10. Hit
11. Hard 4/10
12. Doesn’t matter

[skippy]

Originally Posted by Kramer

GAMBLING TEST :

1 .You are playing at a roulette table where the last ten numbers have been red. What color should you bet on the next spin?
A : BLACK - BECAUSE ITS OVERDUE
B : RED - THIS IS THE TREND
C : DOESN’T MATTER


2 .You are playing blackjack where another player is playing foolishly. What should you do?


Leave the table. By playing foolishly he is disrupting the natural flow of the cards, causing the dealer to win.
Ignore him.
Verbally taunt him to cause him to leave
3 .You have the choice of two identical slot machines to play. One has recently hit a jackpot and the other has not hit one in a long time. Which one should you play?

Doesn't matter.
Play the machine that is overdue for a jackpot. It is ripe and ready to payoff.
Play the machine that just hit, maybe it will hit again.
4 .When should you take insurance in blackjack? Assume you are not counting cards

Always
Only when I have a blackjack (even money)
When I have a blackjack or other high total
Never

5.What is the best bet in baccarat?
The Banker
The Player
The Tie
6.Which list contains the best bets in the typical Las Vegas casino, assuming competitive rules and optimal strategy is followed?
Caribbean Stud Poker
Let it Ride
Slots
Keno
Roulette
7 .Which is the worst bet in the casino, assuming typical rules and optimal strategy?

Caribbean Stud Poker
Let it Ride
Slots
Keno
Roulette

8.Which of these video poker machines should you play?

One with a low pay table but has been paying.
One with a high pay table that is sucking up money.
Doesn't matter



9.Which is the best bet under Atlantic City rules?
Spanish 21 (8-deck, dealer stands on soft 17)
Craps (2X odds)
Blackjack (8-deck, dealer stands on soft 17)
Video poker (full pay jacks-or-better)
Baccarat
10. In blackjack you have a 15 and the dealer is showing a 9. You have a feeling the dealer is going to break. What should you do?

Stand
Hit
Double
11. Which of these is the worst bet on the craps table?

The field
Any 11
Any 7
Any craps
Hard 4/10
12 What should I do after a losing bet, assuming the goal is to maximize the rate of return on future bets?
Bet more.
Bet less.
Doesn't matter.

I'll leave it up for a month or so ...

I would expect the person who scores the highest on this quiz to have amassed his/her fortune from gambling.

If not.....why not???

[Kramer]

Originally Posted by skippy

I would expect the person who scores the highest on this quiz to have amassed his/her fortune from gambling.

If not.....why not???

Zero points so far Skipper..

[Kramer]

p.s.skip :

Which casinos in Las Vegas gives the best odds on Craps ?
Do you know?

[skippy]

Originally Posted by Kramer

p.s.skip :

Which casinos in Las Vegas gives the best odds on Craps ?
Do you know?

I can garantee you that the OLGC does NOT give you the best odds on CRAPS.

[Kramer]

Perhaps you didn't understand the question;
It read which casino in Las vegas...
The OLGC is not a casino , nor is it located in Las Vegas,
nice try tho.

[Henry09]

GAMBLING TEST :

1 . Red

2 .Leave the table.

3 . Play the machine that just hit, maybe it will hit again.

4 .Never

5. The Banker

6. Roulette

7 .Keno

8. One with a low pay table but has been paying.

9. Craps (2X odds)

10. Stand

11. Any 7

12 Bet more.

[skippy]

Originally Posted by Kramer

Perhaps you didn't understand the question;
It read which casino in Las vegas...
The OLGC is not a casino , nor is it located in Las Vegas,
nice try tho.

In that case.....please enlighten me.

[Kramer]

Strip
Casino Odds House Edge
Aladdin 3,4,5x 0.37%
Bally's 3,4,5x 0.37%
Belagio 3,4,5x 0.37%
Bill's Gambling Hall and Saloon 3,4,5x 0.37%
Caesars Palace 3,4,5x 0.37%
Casino Royale 100x 0.02%
Circus Circus 2x 0.57%
Excalibur 3,4,5x 0.37%
Flamingo Hilton 3,4,5x 0.37%
Harrah's 3,4,5x 0.37%
Imperial Palace 3,4,5x 0.37%
Luxor 3,4,5x 0.37%
Mandalay Bay 3,4,5x 0.37%
MGM Grand 3,4,5x 0.37%
Mirage 3,4,5x 0.37%
Monte Carlo 3,4,5x 0.37%
New Frontier 5x 0.33%
New York New York 3,4,5x 0.37%
O'Sheas 3,4,5x 0.37%
Paris 3,4,5x 0.37%
Riviera 2x 0.57%
Sahara 5x 0.33%
Slots a Fun 2x 0.57%
South Point 3,4,5x 0.37%
Stardust 3,4,5x 0.37%
Stratosphere 10x 0.18%
Treausre Island 3,4,5x 0.37%
Tropicana 3,4,5x 0.37%
Wynn 3,4,5x 0.37%


On the strip , Casino Royal has 0.02% house edge the best for gamblers ,
followed by Stratosphere 0.18% Most are at 0.37% , worst is Solts a Fun.

Downtown
Casino Odds House Edge
Binion's Horseshoe 3,4,5x 0.37%
California 2x 0.57%
El Cortez 10x 0.18%
Fitzgeralds 3,4,5x 0.37%
Four Queens 5x 0.33%
Fremont 2x 0.57%
Golden Gate 5x 0.33%
Golden Nugget 3,4,5x 0.37%
Las Vegas Club 5x 0.33%
Main Street Station 20x 0.1%
Plaza 5x 0.33%


Downtown , Mainstreetstation has 0.1% ,El Cortez 0.18%
Worst is California and Fremont...
2x = full double odds (2.5x allowed on the 6 and 8), 3,4,5x = 3x on the 4 and 10, 4x on the 5 and 9, and 5x on the 6 and 8. 6,8,10x offer double the odds as 3,4,5x.
Notice the edge is less than 1%!
This is because the casino doesn’t care about you as a gambler coming in for a night or 2 or 3.
They know the law of large numbers with thousands of bets per hour per casino will eventually work on their side.

ON AVERAGE , EVERY TABLE WILL HAVE 4 WINNERS , 6 LOSERS PER NIGHT

If I asked you who pays the juice when a bet is placed on a sports game ,
you’d likely say the loser.
Fact is both the winner and loser pay up front . The sportsbook simply collects both,
after the game is played sorts out the difference ,
and over time knows there will be more losers than winners.


JUDGER MARK THIS DOWN AS A SKIPPY ENLIGHTENED POST ...

[Henry09]

Winner pays the juice.

[The Judge]

Originally Posted by Kramer

JUDGER MARK THIS DOWN AS A SKIPPY ENLIGHTENED POST ...

So noted, Cosmo.

[skippy]

Originally Posted by Kramer

Strip
Casino Odds House Edge
Aladdin 3,4,5x 0.37%
Bally's 3,4,5x 0.37%
Belagio 3,4,5x 0.37%
Bill's Gambling Hall and Saloon 3,4,5x 0.37%
Caesars Palace 3,4,5x 0.37%
Casino Royale 100x 0.02%
Circus Circus 2x 0.57%
Excalibur 3,4,5x 0.37%
Flamingo Hilton 3,4,5x 0.37%
Harrah's 3,4,5x 0.37%
Imperial Palace 3,4,5x 0.37%
Luxor 3,4,5x 0.37%
Mandalay Bay 3,4,5x 0.37%
MGM Grand 3,4,5x 0.37%
Mirage 3,4,5x 0.37%
Monte Carlo 3,4,5x 0.37%
New Frontier 5x 0.33%
New York New York 3,4,5x 0.37%
O'Sheas 3,4,5x 0.37%
Paris 3,4,5x 0.37%
Riviera 2x 0.57%
Sahara 5x 0.33%
Slots a Fun 2x 0.57%
South Point 3,4,5x 0.37%
Stardust 3,4,5x 0.37%
Stratosphere 10x 0.18%
Treausre Island 3,4,5x 0.37%
Tropicana 3,4,5x 0.37%
Wynn 3,4,5x 0.37%


On the strip , Casino Royal has 0.02% house edge the best for gamblers ,
followed by Stratosphere 0.18% Most are at 0.37% , worst is Solts a Fun.

Downtown
Casino Odds House Edge
Binion's Horseshoe 3,4,5x 0.37%
California 2x 0.57%
El Cortez 10x 0.18%
Fitzgeralds 3,4,5x 0.37%
Four Queens 5x 0.33%
Fremont 2x 0.57%
Golden Gate 5x 0.33%
Golden Nugget 3,4,5x 0.37%
Las Vegas Club 5x 0.33%
Main Street Station 20x 0.1%
Plaza 5x 0.33%


Downtown , Mainstreetstation has 0.1% ,El Cortez 0.18%
Worst is California and Fremont...
2x = full double odds (2.5x allowed on the 6 and 8), 3,4,5x = 3x on the 4 and 10, 4x on the 5 and 9, and 5x on the 6 and 8. 6,8,10x offer double the odds as 3,4,5x.
Notice the edge is less than 1%!
This is because the casino doesn’t care about you as a gambler coming in for a night or 2 or 3.
They know the law of large numbers with thousands of bets per hour per casino will eventually work on their side.

ON AVERAGE , EVERY TABLE WILL HAVE 4 WINNERS , 6 LOSERS PER NIGHT

If I asked you who pays the juice when a bet is placed on a sports game ,
you’d likely say the loser.
Fact is both the winner and loser pay up front . The sportsbook simply collects both,
after the game is played sorts out the difference ,
and over time knows there will be more losers than winners.


JUDGER MARK THIS DOWN AS A SKIPPY ENLIGHTENED POST ...

Its all numbers.

I love numbers.

Keep them coming.

[skippy]

Statistics and probabilities are just numbers and are great in a philosophical sense.

However, in real life situations, you would find that events will happen that do NOT follow these numbers.

Put 52 balls numbered from 1 to 52 in a barrel.
Draw one ball from the barrel weekly.
Put that ball back into the barrel for the next draw.

Everyone will tell you that each ball has a 1 in 52 chance of being drawn.
After 52 weeks, you would expect EVERY ball to have been drawn ONCE.

Unfortunately, that is NOT the case.

Look at all the lotteries where balls are drawn from a barrel and you will see that not all numbers are drawn with the same frequency.