Casino Gambling for Fun and Profit

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Overview

Casino Gambling for Fun and Profit gives a balanced look at casino gambling's opportunities and pitfalls: playing strategy for winnable games, use of fringe benefits, gambling's effect on taxes, and gaming's dangers.

A strategy to win more and lose less in casino gambling by playing cycles in blackjack and video poker games. Includes a discussion of the proliferation of gambling, motivation for gambling, importance of cash back and comps, the effect of wins and losses on income ...

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Overview

Casino Gambling for Fun and Profit gives a balanced look at casino gambling's opportunities and pitfalls: playing strategy for winnable games, use of fringe benefits, gambling's effect on taxes, and gaming's dangers.

A strategy to win more and lose less in casino gambling by playing cycles in blackjack and video poker games. Includes a discussion of the proliferation of gambling, motivation for gambling, importance of cash back and comps, the effect of wins and losses on income taxes, and cheating, scams and dangers to person and property in and around the casino environment.

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Product Details

  • ISBN-13: 9780595154357
  • Publisher: iUniverse, Incorporated
  • Publication date: 12/28/2000
  • Pages: 268
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.61 (d)

Table of Contents

List of Illustrations xi
List of Tables xiii
Preface xv
Acknowledgements xxi
Chapter I Introduction 3
Contradictory Attitudes 4
Casino Environment 9
Player's Advantage Games 10
Betting Systems 11
Other Concerns 13
Chapter II Personality and Gambling 17
Unusual Motivations 18
Benign Motivations 22
Chapter III Slot Machines 27
Payback Percentage 28
The Random Number Generator 32
Number of Coins Played 34
Variance 35
Winning at Slots 36
Chapter IV Blackjack Basics 41
The Game 41
Card values 42
The play 43
The Casino Edge 45
Rules Variations and Player Options 45
Chapter V Blackjack Basic Strategy 53
Player Option Strategies 54
Hitting and standing 54
Splitting pairs 56
Doubling-down 57
Insurance 59
Surrender 60
Surrender decisions 60
Payback Percentage with Basic Strategy 61
Practice Comfortably and Inexpensively 63
Player Decision Examples 64
A Look Ahead 67
Chapter VI Card Counting in Blackjack 71
The Advantage of Card Counting 72
A Hi-Lo System 75
Card Counting with Multiple Decks 77
Application of the Card Count 77
Casino Countermeasures Against Card Counters 79
Tipping 80
A Final Word on Blackjack 80
Chapter VII Video Draw Poker 83
The Machines 84
The Game 86
Ranking of Hands and Payoffs 87
Frequency of Hitting Payoff Hands 90
Double-Up Option 91
Chapter VIII Standard Jacks Or Better Video Poker 97
Payoff Schedule 97
Progressive Payoffs 99
Sequential Royal Flush 102
The Play 103
Jacks or Better Strategy 105
Cashing Out 108
Chapter IX Jacks or Better Variations 111
The Eight-Five Jacks or Better Game 112
Bonus Jacks or Better Game 113
Multiple Hand Machines 119
Other Games 120
Chapter X Gambling's Fringe Benefits 123
Players' Clubs 124
Cashback 128
Cash Coupons 131
Complimentaries 132
Gift of the Month 134
Special Promotions 134
Chapter XI Cycle Strategy 139
Decisions Beyond the Best Playing Strategies 139
Losing streaks 141
Winning streaks 143
Machine and table loss-limits 144
Cycles 145
A Strategy 149
Advantages of Cycle Strategy 152
Chapter XII Typical Gambling Trips 155
General Considerations 155
First Tunica Trip 156
Second Tunica Trip 160
Third Tunica Trip 163
Las Vegas Trip 164
Chapter XIII Taxes and Gambling 171
Reporting and Withholding Requirements 171
Winnings and Losses 173
Recreational vs. Professional Gambling 174
Record Keeping 175
Your Accountant Can Help 178
Chapter XIV Caveats 181
Casino and Dealer Cheating 181
Video poker 181
Blackjack 184
Crime in and around the Casino 188
Machine Malfunctions 191
Winning and Losing Streaks 194
Chapter XV Superstitions 199
Chapter XVI Suggestions 207
Glossary 213
Bibliography 225
Books 225
Magazines 226
Software 227
Index 229
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Customer Reviews

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Sort by: Showing 1 Customer Reviews
  • Anonymous

    Posted July 19, 2001

    Essential for Gambling

    A great switch from the mundane world of gambling books, this author presents his own personal experiences in a humorous yet professional manner. His own expertise is relayed through statistical and easy to understand information. I would highly recommend this book to any casino regular who is still not confident in their game.

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