All about Video Poker with casino gambling expert Michael "Wizard of Odds" Shackleford
One of the goals on my site is to make the life of dealers easier by telling players to follow proper etiquette at the tables and to tip the dealers.
Aside from running my web site,I run a consulting business mostly doing math analysis on new casino games.
I also work with many of the Internet gaming business on software development and slot machine design.
Thanks again for having me and let the questions begin.
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Thank you Michael for this opportunity.
I love your site, as do many of the dealers and floor supervisors who visit mine.
You are a gambling consultant specializing in solving math-based problems related to casino games.
Can you tell click here the steps he and his wife Celsa went through to get this on?
The first step is to hire someone like me to work out the odds of your game idea.
Then you will have wizard of odds blackjack variants get a trial period permit from the Gaming Control Board.
Then the hard part is getting a casino to be the guinea pig for your game by wizard of odds blackjack variants the field trial.
If the field trial goes well you can apply for a full license from the Gaming Control Board.
Then it is back to selling the game to the casinos.
The vast majority of games I do never even see the field trial stage.
Of those that do get a field trial they may get a few placements after that but eventually get pulled for lack of play.
Overall new game marketing is a very risky venture.
A good place to learn more about marketing new games is this piece I wrote:.
There is also an article about it in the August 2004 issue of Playboy.
Both will answer your question about what you have to go through to get a new game into the casinos.
Ironically here in my own backyard of Las Vegas few have had much success.
Some games I did the math for were field trialed here but never went further.
The only game that has been around for a while here in Vegas that I helped with is Pai Gow Plus Double Bonus, which can be found at the Plaza.
What basic steps do you use to analyze casino games?
First I think the game through and decide my plan of attack for the analysis.
Sometimes I do a random simulation, sometimes pure math in Excel, but usually I go through every possible set of outcomes by brute force using C++.
Often with poker and blackjack variants I can copy and paste functions from old jobs.
Once I finish I usually get one of my assistants to analyze the exact same game to ensure that two minds come up with the same answer.
If we disagree we go through a trial and error process to find the point of departure.
Would I need a trial period permit online gambling players I only add a side bet to an existing game?
Royal twenties for article source does not affect strategy so would be considered a variation.
There is currently no fee to apply for a variation and the application waits in a different pile than more complicated games.
It used to be that variations were faster to be approved but there is such a backlog now that both variations and new games take about a year.
Assuming you think a table game idea may have a shot at success, are your services available to assist in getting it through the field trial and licensing?
What about marketing assistance?
We have had a few arguments here as to the reason why craps is in demise.
Hell, most of the dealers tell players to bet less flat and more odds thus causing reductions in the average flat bet wager.
Would you agree this was a mistake?
I think the better odds are an effort to stretch the lifespan of a dying game.
In my opinion all games have a limited life expectancy and will eventually go the way of the dodo bird.
Blackjack: The change in odds 6:5 Do you feel that some casinos have been misleading in the way they promote the game; and that if the 6-5 game continues to proliferate, it could cause tourists to view Las Vegas casinos as unnecessarily greedy?
I differ from other gaming writers about this question.
If players are foolish enough to play then it is their own damn fault.
Plus, we need some bad gamblers to subsidize the good ones.
Internet gambling is a multi-billion dollar industry — and growing — Has it become so large that it may difficult to successfully prohibit?
It may be a huge industry but there are only a handful of ways to get money into the Internet casinos.
The industry has already been hurt by credit cards and then Paypal voluntarily blocking transactions.
If Internet gaming does become prohibited I believe the government will chock it off at the remaining methods of transferring money, like Neteller, Western Union, and bank wires.
There may be some loopholes but electronic money transfers always leave a trace and few will want to risk the F.
Maybe some of you might lose a job but most are safe.
The vast majority of gamblers have no interest in improving their odds.
As players get better the casinos only tighten their odds, which is exactly what happened with video blackjack winning percentage over the last decade.
However after reading my site some people remark that gambling seems so hopeless that why bother.
Those are the kinds of players that would be lost if more read my site.
Real Deal: TGS Las Vegas, NV How do more info figure what the hold percentages on blackjack should be when the game is introduced to a new market?
The hold percentage is the ratio of money a table makes to the amount that players buy in chips the drop.
I have no way of knowing that in any market.
It depends partially on how long a player sits at the check this out and grinds through his buy in.
LC: Dealer Kansas City Do you feel that there is a symbiotic relationship between card counters and casinos?
I see it as a one-way relationship, the casinos giving and the counters taking.
JB: Dealer, Las Vegas, NV Hello wizard, what are the odds of rolling back to back one way numbers on a pair of dice?
This would make good conversation on the game.
Once the player has rolled a one-way number the probability of rolling it again on the next throw is 1 in 36.
However the probability that the next roll is any one-way number and the following role is the same is 1 in 216.
The probability the next three rolls will be the same one-way number is 1 in 7776.
Let it Ride came along at a good time before everyone was trying to market a poker variation, and had a big backer in Shufflemaster, so it was not unlikely to be a success.
Anne: Dealer, LV: Would it be fair to assume that an unfavorable review by The wizard of Odds could be damaging to anyone who is trying to sell an idea or develop a new game of chance?
Later at a gaming show I ran across the game owner and he was furious with me.
I just say what it is and if the player is smart he will know not to play it.
All I can do is lead a horse to water and hope that he drinks.
VT — Shift — North Las Vegas, Nevada Your site is very player friendly.
Do you feel you have achieved a balance of acceptance by both the gaming industry and gamblers alike?
Although it certainly does teach players to play better it seems to be well respected by all, if I may toot my own horn.
I strive to just state the facts and keep my personal opinions to a minimum.
Birdman: Dealer, Las Vegas, NV Are you hired as a consultant mostly by online casinos or land based?
I hope that answers your question.
Dealer LV Can you please explain how to compute a house advantage in percent?
Craps is the best.
The house advantage is the ratio of profit the casino can expect click maker per dollar bet.
Sam: dealer — LV: If you had a desire to double your money in a land based casino what game would it be and how would you play it?
Funny you should ask.
I click the following article that they play craps, trying to win as quickly as possible on the pass and taking the odds.
Linda: Dealer Reno, NV I tried seeking this answer on your site but ended up reading other stuff.
You have assembled a very interesting site sir.
My question is this; In craps you have the house edge on a place bet 4 or 10 at 6.
You have it as 16.
You are thinking about the ratio of the payoff odds to the true odds.
One way of computing the house edge would be to multiply the difference between the true odds and payoff odds by the probability of winning.
For example on the place 4 bet that would be 2-1.
I hope this helps.
Rod: TGS San Diego Have you ever been to Barona and if so what do you think of our BJ rules compared to Vegas casinos on the strip?
I hear they have good rules there.
Steve: Dealer San Diego Scott, Please ask Wizard of Odds when analyzing table games in land-based casinos U.
ZZ: Dealer Las Vegas 1.
As I stated in an earlier question the hold is the ratio of chips that leave the table to the drop.
The house edge is the theoretical advantage the casino has on each bet.
The hold will be higher because as the same money circulates back and forth and the casino keeps chipping away at it.
One way I could help would be to carefully analyze play of a whale to determine his exact wizard of odds blackjack variants loss, which would help the casino know how much to comp and know who to try hardest to lure back.
My card counting friends will hate me for saying this but Multi advisor could also easily spot counters and some other advantage plays.
So although there is no article source current job title that would suit me best I think I could help a casino in a host of different ways that are currently performed by different people or not at all.
You have the ultimate power Wiz, every casino will adhere to your advice.
What would you do?
There are some little things I might suggest but saving craps from its eventual demise would be like keeping the tide from coming in.
Little things that might get more play are a higher multiple allowed on the odds, comping the players better, and the full four dealers on the table.
I hear some casinos are cutting down to three.
However this is unlikely to happen.
Casinos are happy that more and lan blackjack players are migrating to slots and if anything they would try to accelerate that process.
Shackleford how to determine the winning expectation rate for any given Texas Holdem hand, preflop.
For example, how do I compute the rate of dollar expectation of A-K offsuit or any two cards against an entire table of players versus one other player.
There must be a chart somewhere that tells this.
I play poker online and this would give me a huge edge over someone who does not have it.
Another thing, ask if there is a formula to figure out exactly how much to bet in a wizard of odds blackjack variants limit game with any hand.
Maybe there is some computer software out there that includes this stuff.
If so, I want it!
There are lots of poker books that list the most powerful initial two cards.
I also once did a random simulation to determine how often each initial hand wins, assuming all players stay in.
However the section is still up at.
Until then use it at your own risk.
Thank you Michael for taking the time to come in here and answer some questions.
Your efforts are truly appreciated.
And thank you to all the dealers and TGS that helped me with this interview.
Regards, Scott Thank you for all your good questions.
It was my pleasure to answer them.
Thank you for all your hard work and if you see me at the tables please say hello.
Black Jack Rules, part 1
Topics include an in-depth history of blackjack, biographies of the influencial people to the game, how to beat lots of blackjack variants and side bets, cheating, ...
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