Shocking Numbers

[FAA]

9/6 dollar triple play JOB, but know I can easily lose $2,000 in a 2-3
hr session. May settle for single line 9/6 Jacks, or dollar 9/5 Super
Double Bonus (99.69%).--------------------------------------------------------------------------------------------------------------------------Great promo. As I don't know SDB and have no desire to risk $2-$3K, I would settle for the one line 9/6 JOB.

[billryan]

It's unusual but not unheard of to lose the value of a Royal Flush in a long session.
It's why I consider all life one long session.

[paco13]

figures, that was the year I was born

[billryan]

Unfortunately President Nixon eliminated the gold standard back in 1971 Paco. Now we just have to hope that when we hand someone a piece of paper with printing on it, that they will break their back for us (and we for them in the reverse situation
[/QUOTE]


You're doing it wrong.
Make them break their back for you, then pay them at weeks end, after withholding the first weeks pay.

[olds442jetaway]

[QUOTE=FloridaPhil]
I've been moving up in denomination lately.  Instead of playing quarters and yearning for a bigger jackpot , I've moved to fifty cents.  To you high rollers, it's no big deal.  For me, it's mentally significant.  So far, it hasn't affected my results, but I haven't hit a really bad day yet. My free play has increased significantly.   My bonus free play offers are now well over $120.  This got me thinking about how much money I'm running through the machines in a three day outing.  I play about 700 hands an hour and in three days I play at least 15 hours.  Most trips I may play 20 hours or more.  700 x  $2.50 = $1,750 an hour.  15 x $1,750 = $26,250.  If someone asked me how much I gambled last week and I told them $26,000, I think it would raise more than a few eyebrows!  My game is 98.9% deuces wild, so the house edge is already a little more than 1%.  1% of $26,250 is $262.50.   Without a royal I believe my average loss on one of these three day trips over a year's time could be about 1-2% more.  I'm mentally prepared to take a bankroll bath on one of these VP trips, but I'm confident I'll catch back up in time.  If a few $2K royals show up, I could be ahead.  We'll see.  Factoring in free rooms in one of the nicest resorts in South Florida, free drinks and food makes playing VP not such a bad deal after all. We've been making these trips about one every six weeks and it's much cheaper than our retired friends taking a European River Cruise or gawking at the Panama Canal.  I guess you can tell we both love VP.I can already see it's not all about the amount you run through the machines that matters, it's the game odds, your accuracy and a little luck.  Interesting...


Phil,
The first year I asked the casino to give me a print out of our Coin-In/Coin-out which some will do, I almost went into cardiac arrest. For the year Sweet C and I had combined to $900+K and then next year (a good year with lots of hits) it was almost $1.3M CI-CO.   Now I just take the Tier Points and multiply by the CI for VP. So to make 125K VIP status every six months @ $4/point we put in $500,000K CI. My best year (with huge VP hits) my tier points were over 500K and all playing 5¢-25¢ 50/100 play VP. Alas, no hits less points. Our biggest cash benefit is the 10¢/point cash back at the VIP level versus 1¢ and 2¢ lower tiers.


     It is absolutely amazing how the coin in adds up. My estimate based on status points earned for the year is 4-5m really hard to believe. edited to add...came out in the wrong format....olds.....






















[/QUOTE]

[FloridaPhil]

[quote=olds442jetaway] It is absolutely amazing how the coin in adds up. My estimate based on
status points earned for the year is 4-5m really hard to believe.[/quote]If my calculations are correct, wagering 4-5 million a year playing video poker on games with a 1% house edge has a minimum $40,000 a year loss baked in before human errors and taxes.  In light of that, a $50K annual loss doesn't seem all that bad.   

[olds442jetaway]

Right on the money Phil. Good thing the Mrs is still working because that number is an instant pension disappearing act. Thank goodness we have been frugal our entire lives. Still that is a big number and could have been used for other things. On the other hand, we only go around once and both enjoy the entire casino experience less of course the damn smoke.

[FloridaPhil]

You don't live forever.  If you worked hard all your life, you should do whatever makes you happy in retirement. Some people travel, others fish or collect cars, we play video poker.   I have to say if I was going to play 4-5 million a year, I would buy a condo in Vegas.  Seems like a better investment than giving it to the Mohegan Sun.  The odds difference alone would pay for a lot of first class plane tickets.  

[DAAnMAAn]

I have somewhat of the same ball park dilemma at my local casino. I could play (and talking about .50c/$1 denomination level. They have fpdw at .25c level but that's another story)...ugly deuces at the 1% house edge but earn full multipliers, points, cash back...and if I'm lucky enough, get back on the free play and mailers list again...OR....I can play their nsud game, at the 0.2% house edge, earn one point for every $4 in, no multipliers, no cash back, nada. Sometimes I wonder if I'm better off in the ugly deuces camp as .50c nsud continually takes me to the woodshed, I've played approximately 10,000 hands on it in the last 4 sessions or $25,000 coin in, which earned me a whopping $6.25 cash back. ($4=1 pt, 1,000 pt=$1 cash back)....or same amount of play in ugly would of made me back $100 dollars plus likely additional comps. NSUD still mathematically would make more sense but small potatoes when one walks out a loser a few times in a row and earned pretty much nothing for it. Like I said, dilemma.
Cheers

[FloridaPhil]

We play mostly 98.9% deuces because it's the best we can find in the Southeast.   When we gamble in Nevada or Colorado we switch to NSU whenever it's available.  We play a little quarter full pay DW in Vegas. To be honest, we don't see much difference.  I'm sure if we had NSU or full pay to play all the time our results would be better long term.  Where the odds definitely make a difference is when you play millions of dollars a year.  Paying $20-$30 an hour for great entertainment seems like a good deal to me.  Losing $1,000 a week, I can imagine a lot more value for my money.  If you buy a nice boat for $200K  and sell it four years later, you will probably lose $100K.  Buy the right classic cars and you may even make money.   Lose $50K a year for four years playing video poker and all you have is $200K worth of memories.  I believe this fact needs to taken into account as part of your overall VP strategy.  Winning at VP (whatever that is) is more than hitting jackpots, it's also managing your money.We ran into this a few years ago when we were playing primarily at the Beau Rivage in Bilxoi.   Our trips were escalating from 1-2 trips a year to 5-6.  We were flying there for free, but the odds were so bad and we were making so many bad decisions we were losing more money than we were comfortable with.  It wasn't that we couldn't afford to lose the money, it was that we didn't think we were getting our money's worth.  We started cutting back on our gambling, saving it for places where the odds were better.   I'm not telling anyone what they should do with their own money.  What I'm pointing out is there is more to playing video poker than the game itself.   When you're playing for money, the money it costs to play also needs to be taken into consideration.Some people think you can turn a profit playing this game.  I'm not going to get into that discussion.   I am positive we can't, so the best thing we can do is balance our cost to play with the amount of enjoyment we get.