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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.For starters, Fred, can we at least come to an agreement that every time you flip a coin, its outcome is random? Now, Fred, humor me with some back-and-forth wagering. At per game, the most you could lose on a live keno game is about an hour, as that is the average number of games called per hour....

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” – Edward Allen, Penny Ante (1992)5%. Comparably, the odds for a Powerball lottery win are a measly one in 175 million....

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For example, suppose you make a one-dollar, one-spot wager that the number 22 will show on the keno board. So, Hal, plan to lose for every 0 wagered.Under typical playing conditions, you can expect to get a blackjack once every 21 hands....

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Under typical playing conditions, you can expect to get a blackjack once every 21 hands. When I win, you grudgingly must pay me . At per game, the most you could lose on a live keno game is about an hour, as that is the average number of games called per hour....

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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.Total agreement here, Fred.What holds true is that the higher the payouts for the spots you play, the lower the house edge....