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"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."
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"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."
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"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."
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"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'."
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"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."

