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Gambling Wisdom of the Week: “I am a reasonable American, registered to vote, sitting at the blackjack table, losing, with a bill safety-pinned to the front of my underpants. So, Hal, play fewer spots, so the odds against hitting a winning ticket are not so planetary in nature. Comparably, the odds for a Powerball lottery win are a measly one in 175 million....

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Your chances of winning are 1 in 4, which calculates into an enormous 25% house percentage. Still, on average, Jeff, you can plan on getting 10. Assuming a gambling timeline of two hours, you should be dealt 100 hands per hour, 200 hands total....

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Still, on average, Jeff, you can plan on getting 10. Your chances of winning are 1 in 4, which calculates into an enormous 25% house percentage.Slot machines, like my coin flipping scenario, operate the same way....

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First, one simple rule.Dear Mark: I believe in the theory that slot machines do not act in a random manner but are fixed to pay out at the leisure of casino management. So, Hal, plan to lose for every 0 wagered....

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What holds true is that the higher the payouts for the spots you play, the lower the house edge.The more numbers a player selects, not only will the percentage hold for the house be higher, but the odds of hitting you ticket solid become astronomical, multiplied times 100. However, the casino has to pay to keep the neon lights flickering, so your payoff is a meager ....