"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."

"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."

"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."

"Short term results can fluctuate. Sometimes you win more than expected, sometimes you lose. This is called the standard deviation and this is what most people commonly see as 'luck'."

"In order to win a jackpot on a progressive slot machine, you must play with max coins. Otherwise, you are simply making the jackpot bigger for the person who will eventually win it."