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Originally Posted by vsjhoc
Steve - I had no idea that gambling was part of your savings/investment strategy. I'll have to try that some time. Any tips?  |
A lot of people who know me are surprised to learn that I'm a gambler. They seem to think it doesn't fit well with my overall financial responsibility.
Tips? Don't go anywhere near a slot machine. Google "blackjack strategy" and find one of many sites that teaches you the proper way to play blackjack. There is a blackjack trainer site that you can use to hone your skills that also teaches as you go along, correcting your mistakes. Commit the strategy card to memory before sitting down at a live table.
Slots generally have about an 8% house edge. That varies a little from casino to casino and machine to machine, but that's the average. Blackjack has about a 0.6% house edge. Again, it varies a little depending on table rules, number of decks, etc., but that's the average. So blackjack is almost an even money game if you know what you are doing. Stick to proper strategy and, most importantly, quit when you are ahead, and you can do quite well at a blackjack table.
Since this thread is supposed to be about college, I'll kind of relate back to the topic by recommending a book called, "Bringing Down The House" which is about the MIT Blackjack Team.