I Post Entirely Way Too Much
Join Date: Nov 2008
Location: Las Vegas
iTrader: 4 reviews
I play slots out of boredom or the opportunity for a drink. I've played them at the car wash many a time and been pretty lucky. The grocery store too: I've gotten many a free basket of groceries. But I never go out to play slots and if I do end up playing slots I only play poker machines. I used to play black jack and the occasional craps but most places don't let me play cards anymore.
The only game that you can consistently win at is live poker, and that is if you get into a game big enough to beat the house rake. You may win at gambling in the short term, but in the end the math catches up with you. Trust me, I live in Sin City and also have a Hotel/Casino management degree. I know the house hold on most games and believe me, they aren't even close to being in your favor.
Take sports betting; you're losing 10% when you win a straight be against the spread. And money line bets there is a 25% to 40% spread on the payouts. Parlays are just as bad. On a 2 team parlay you are getting pain 2.6:1 on a 4:1 bet, they're holding like 40%. On a 3 teamer you are getting paid 6:1 on an 8:1 bet, and so on.
The only way to make money in the long run is, like I said, with poker. I play $1-$2 or $3-$5 no-limit hold 'em and average $30-$40 an hour. At least I used to when I played a lot. There was a time when they first banned smoking in the poker room that I used to get up and walk out to smoke, and I would throw some money in a poker machine. In a 32 day period I cashed out over $40K in jackpots. That is crazy lucky. I bought my wife a new car and paid cash ($38K out the door). All the thousands of dollars I've put into my car came off of the 25% of my poker winnings.
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