"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."

"Although all slot machines look alike, no two models of machine are the same. Some are far better than others, and you should learn how to evaluate each machine to see if its worth playing."

"Ideally, you want to bet big when you are winning, and small when you are not. This is harder to do than you think because you can never be sure when a streak is going to end."

"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."

"The only game where the probabilities change is in blackjack, where every card dealt alters the probability of which card will be next. EV in blackjack can alternate between positive and negative."