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RESPONSIBLE GAMBLING
The Baron's approach to responsible gambling is to allow gambling whilst playing the right games and strategies to minimize losses and to take advantage of the free food and drinks on offer (more commonly known as comp points). Three pieces of advice are given below:
POKER MACHINES
It seems paradoxical that poker machines can be the best game to minimize expect losses over time and yet they represent the most common form of problem gambling. The strategy is simply to play 1 line on a 1c poker Machine. Assuming 18 spins per minute, the player is expected to lose between $1.00 and $1.70 per hour (depending on the house margin).
JACKPOTS
The two most common forms of jackpots are progressive and deterministic. Refer to my article on video poker machines for more information on progressive jackpots. It is common for poker machines to be linked to a deterministic jackpot. This means that the jackpot must go off before it reaches a specified amount. This is interesting because if you were able to occupy all the machines when the jackpot reached a certain level, then you would be guaranteed to hit the jackpot and generate a profit. The strategy for the general player is to play deterministic machines when the jackpot is towards the specified maximum rather than the minimum.
CARD GAMES
Despite what thousands of websites say about making money through card counting in Blackjack, it requires "large" bankrolls, generally playing in a team, hours of training and a significant amount of concentration and hard work whilst playing. Refer to blackjack-master.com for more information if you are still serious about being a successful card counter. The strategy for the general player is to play basic strategy Blackjack with a house margin of 0.59% in Sydney or even better basic strategy Pontoon with a house margin of 0.42% in Sydney. Refer to the Wizard of Odds for strategy charts on Blackjack and Pontoon. Assuming a player wagers $10 per hand and plays 100 hands per hour, the player is expected to lose $5.90 per hour in blackjack and $4.20 per hour in Pontoon.
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