"In addition to classic casino games, modern casinos have adapted an old side-show classic, the 'wheel of fortune', to the casino. Some casinos also call this sucker game the 'big six wheel'."

"Turing a card over 10 times will statistically result in 5 reds and 5 blacks. If you bet $1 each time with this house edge, you would win $4.50 but lose $5. In the long run, you expect to lose $0.50, or 5% of your money."

"Slot machines are the bread and butter of the casino industry, accounting for three quarters of casino profits. All slot machines are pre-programmed to keep a portion of the cash put into them."

"One of the reasons casinos use chips on the tables is that they seem less like money and more like toys. But remember, they are worth exactly the same as real cash, and should be treated accordingly."

"The long run, so to speak, is the expected amount that you would win or lose if you played the game long enough to equal an average result. This is expressed as the EV, or expected value."