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An Explanation of Online Casino Payouts

Speaking of knowing what I’m saying, it never fails that some guy will challenge my explanation of volatility and payouts, insisting that such and such is a better move. All of my attempts at clarification fall on deaf ears, so let’s see if I can explain it in simple terms, which by the way, is the extent of my ability to explain.

Several months ago in a class in northern New Jersey, I was going over a system of  avalon slot betting on the double streets. I was telling the class to place six chips on the double street of 10 and 13, thereby picking up six numbers (10, 11, 12, 13, 14, and 15).

A fellow by the name of U. R. Lyon was in the audience and immediately challenged my play. “Why should we put six chips on the double streets and get paid 5 to 1 for a total of 30 chips, when we could put one chip on each one of the numbers and get paid 35 to 1?” I explained to U. R. Lyon that he was getting the same avalon slot payoff, but he said I was lying. That’s like Dolly Parton ridiculing Elizabeth Taylor for being top heavy.

It took me a full 20 minutes to get this dork to finally grasp the similarity of the avalon slot payoffs. It’s true; you get 35 to 1 if you play each of those numbers straight up, as opposed to a 5 to 1 payoff or the double street. But let’s say number 13 showed and you had six chips on the double street. Your six chips stay there, and the dealer pays you 30 chips. That is your profit.

If U. R. Lyon had one chip on each of those same numbers, he would be paid 35 to 1 for the hit on number 13, his bet on that number would stay there, but he would lose each of the other five single bets on 10, 11, 12, 14, and 15, reducing his profit to 30 chips. Both bets give off exact returns.

The same is true for every other similar situation. Betting at avalon slot two chips on the split numbers of 16 and 17, as opposed to one chip on each number, gives off the same profit. Suppose number 17 showed. The guy with two chips on the split bet gets paid 34 chips and keeps his two chips bet, for a profit of 34 chips. The guy with a chip on number 16 and a chip on number 17 wins 35 chips when 17 shows, but loses his bet on 16 for a similar profit of 34 chips, while retaining his one chip bet that was on the 17.

Both showed the same profit. I want you to use the avalon slot double streets so that you are able to hold your bets down – minimizing your losses, until a streak comes.

The guy betting chips on each number straight up must lay out six chips. The guy utilizing the avalon slot double street method gets the same six numbers, but he can hold his wagers to five chips, or four, or three, or two, or even one. That gives you a heck of a lot of variations to make in your wagering. The basic payment scale is exactly the same. I felt great when U. R. Lyon finally nodded his head in agreement. Since I finally won the battle, I tried to get cute in front of the class and demanded he apologize for calling me a lying so-and-so.

His answer? “Hey, man, people in my family have been called Lyon for years. We consider it a compliment!”