The Oracle at Odds - Part 10

This is the age of lists -- the top 100 movies of all time, the top 100 books of the 20th Century, the top 100 colleges for academic excellence or bargains or partying, and the top 100 women former President Bill Clinton scored with; plus all those weekly top 10 this list, and top 10 that list and top 10 those other things list. In the interests of keeping up with the list makers as well as the (Dow) Joneses, I decided to list the top 60 questions I am asked whenever I give talks about casino gambling. My list is in no particular order of importance, but these are the most-asked questions of yours truly and the answers that I give when I'm asked them. All value judgments are mine. So if I say this is the best thing, that is just my not-so-humble opinion. Of course, in my opinion my opinion is the correct opinion as today I assume my new identity as The Oracle at Odds -- Nostragamus! Ask and it shall be answered!

46. What does hit frequency mean on a slot machine?

How many times the player receives some kind of payout from the machine. Most slot machines have hit frequencies around the 15 percent mark. That means about one in six spins will result in the player getting money back. Note that I said "player getting money back" as opposed to "winning money."

It is theoretically possible to have a 100 percent hit frequency with a machine that takes all your money. Just program it to constantly return one or two coins on a three-coin bet or one to four coins on a five-coin bet. You would have a 100 percent hit frequency and lose every time. The change machine is a 100 percent hit frequency machine with no house edge.

47. Do slot machines have cycles?

No. When you hear casino personnel talk about cycles, what you are actually dealing with is the theoretical number of spins for all the possible combinations to come up based on the program involved. In the actual playing of the machines, everything is randomly selected based on the RNG -- the random number generator. There are streaks but these streaks are not predictable. So there are theoretical cycles and real streaks -- neither of which can help the player win.

48. Is there any way to tell if a slot machine is going to hit?

Yes, if you know that you are about to pop it with a hammer; no, if you are playing it legitimately.

49. What is the probability of the same number coming up four times in a row in roulette?

Once in 2,085,136 spins.

50. What are the odds of a Royal Flush in video poker?

Around 40,000 to one.