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Those 10 blackjacks are costing you a pop.Slot machines, like my coin flipping scenario, operate the same way. Slot machines are fixed, but not for the reason you suspect....

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More on that “none” in a moment.Total agreement here, Fred. For example, suppose you make a one-dollar, one-spot wager that the number 22 will show on the keno board....

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Total agreement here, Fred.The median casino advantage on a live keno game is 28%. As with all casino games, the casino pays you less than true odds....

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5%.What holds true is that the higher the payouts for the spots you play, the lower the house edge. By receiving a blackjack once every 21 hands, you should theoretically get approximately 10 blackjacks over a two-hour period....

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A cybernetic one-armed bandit doesn’t get its edge from being non-random, but by setting payout rules such that the money taken in is more than the money paid out. A typical video keno player can easily burn through in quarters in three minutes due to of the speed of the game. However, the casino has to pay to keep the neon lights flickering, so your payoff is a meager ....