"The most confusing type of slot machine are the 'Buy-a-Pay' machines. On these, the payout for wins is based on how much you bet, where playing anything other than max coins doesn't make sense."

"Betting on the banker in baccarat has a mere 1.06% casino edge, but the casino charges a 5% commission on it. The casino has a 1.26% edge on player bets and a huge 14.36% edge on tie bets."

"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."

"Casinos never make rule changes that benefit the player; if you see a new rule, it's bad for you. For example, some casinos are starting to pay 6:5 for blackjacks instead of the better 3:2."

"The simplest, yet worst way to leave a casino is when you've lost all your money. It's hard to walk away when you are up, but the best gamblers learn how to maintain discipline and keep their winnings."