My Wakeup Call: Poor Bankroll Management

Discuss proper hold strategies and "advantage play" and ask questions about how to improve your play.
stevel96a1
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Re: My Wakeup Call: Poor Bankroll Management

Post by stevel96a1 »

I tried using a progression on video poker but always seem to backfire, hardly any ebb n flow, money seemed to go 1 way and Gronbogg mentions more money exposed more you lose, but craps there's no computer chip and just 2 die then it seemed to banish any foul play, the losing streaks seem to live longer than the losing streaks on table game on average.

Jstark
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Post by Jstark »

Because table games are MUCH MUCH SLOWER!!

stevel96a1
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Post by stevel96a1 »

oh really? Edwin Silberstang said craps is the fastest game and here you say it's Slower? And yes craps is catalog under table game so there.
Anyway point is in a sea if thousands hands only one or two worth getting better off Martin galing the Royal than any other hand but imo it's too critical to use a fortress or progression system in slots or video poker. The timing is just not there.

olds442jetaway
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Post by olds442jetaway »

I have been playing since 1970 and have never had a winning year. I attribute most of that to discipline failure. If I get ahead a few thousand which I might almost every year, that always vanishes and more by year end. Still working on that quit when ahead strategy. Very hard to do when you just enjoy the game so much. My biggest failures are those trips when you get ahead right away, but just keep playing. At the other end of that line are trips where you work your butt off to get back to even. It finally happens 8-10 hours of playing, but at that point you don’t call it a day and you go right back into give back mode.

applepear86
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Post by applepear86 »

stevel96a1 wrote:
Tue Dec 13, 2022 10:39 pm
oh really? Edwin Silberstang said craps is the fastest game and here you say it's Slower? And yes craps is catalog under table game so there.
Anyway point is in a sea if thousands hands only one or two worth getting better off Martin galing the Royal than any other hand but imo it's too critical to use a fortress or progression system in slots or video poker. The timing is just not there.
Martingaling the royal is probably one of the most disastrous things you can do in video poker lol. Having to cycle through 40,000 hands averaged out, that's a lot of juice you gotta pay. 9/6 jacks or better, the royal still has a 25% premium. Worse variations? Forget about it, knocked out. I've gone on tirades before on here about just how bad chasing the royal is. You also have to remember, when you martingale on anything, you're compounding the vig by doubling up. 8 times in a row on -5.3% american roulette colors, your individual bet is losing 42 cents out of every dollar. Video poker where the royal has a massive premium, you basically are donating money with that strategy lol. They're paying you a little for a LOT of risk to yourself. I also can't imagine the patience needed to divide into 20,000 hand coinflips for martingaling the royal. If anything, decrease your bet in a double down fashion chasing cost savings. I'm not going to make any friends on here by saying the royal is BS as that's sacrilege in VP sportsmanship, but yea, I'm basically saying that, and the math proves it lol.

onemoretry
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Post by onemoretry »

applepear86 wrote:
Thu Dec 29, 2022 9:27 pm
I've gone on tirades before on here about just how bad chasing the royal is.
Perhaps you could be so kind as to elaborate on what you mean by "chasing the royal"

It does seem to me that, if you play video poker intelligently, using optimal strategy, the royals come along periodically, you don't have to "chase" them.

olds442jetaway
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Post by olds442jetaway »

I never chase the Royal. Learned the hard way too many years ago to count. I also never use a double up strategy, but a mild increase after so many losing bets hoping after 5,000 hands or so a couple of good hands will come along to make up for the smaller losing hands. I have still never been ahead by year end, but that is mainly due to discipline failure such as increasing denomination when there is not enough bankroll. That is still a work in progress for me.

stevel96a1
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Post by stevel96a1 »

then you are better off countin the cards or playing full pay dw machines or 100% ddb games.
only people making money are people on third parties like youtube or book sellers or the casino's themselves maybe less 1% is on a good year

olds442jetaway
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Post by olds442jetaway »

For me it is worth it. Especially if I could get the discipline in order. I only have an hour’s drive. I stay in comp rooms about 100 nights a year and with the Mrs probably 40 or 50 nights up there. Food on the house. Before Covid I hit most of the better shows also comped, many nominal gifts we just donate or give away. The occasional holiday parties, free play, many times free gas, etc help ease the pain of losing. A few windfall hits a year are nice too. Anyway, each to his/her own. When and if I get bored with the game, I will quit or when age/health catches up with me. I am always doing math in my head as I am playing. Between that and making correct strategy decisions or known mistakes to try on the fly, studies have shown that playing vp can help ward off Dimentia. Now I hope that part is true. Many times including tonight I can answer Jeopardy questions the contestants miss. At least one exception would be a category like poetry, books and authors, plays and musicals etc. I am a bit weak in Geography too since Countries have changed names and territory so many times over the years as well as their leaders. Tonight I nailed the Civil War question where General George McClellan was the answer. The contestant blew it and answered Sherman. Happy New Year to all. Stay safe and well. That is everything.

ukaserex
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Post by ukaserex »

I should probably keep reading and say nothing, as the advice you've gotten so far is accurate.
The only way to profit from Video Poker is from the free play and other perks from the Player's Club, and perhaps your slot host.
Even when a machine is 101% payback (haven't seen it since 1998) you can still lose a good bit over time if the jackpot isn't showing you love.

This may seem counter intuitive, but get to know your slot host. Sometimes, when your bankroll is low, they can find comps you didn't know you had coming to you. (and sometimes, not. It all depends on your usual spend and the policies at the place you're gambling.)

I take my slot host cookies for Christmas, as kind of a tip for taking such good care of me, particularly when I'm feeling miserly over Christmas with so many obligations for presents. She may throw them away, for all I know, but she seems to appreciate it. I tell her to always give me the worst non-smoking room she has, as all I need is a decent internet connection for impromptu work issues that are always coming up unexpectedly. It's kind of like a running joke, because almost every time I say it, I get a suite.

Seems fair, though. I lose quite a bit in cash - but the food is quite good, and it's always nice to have the meals comped for me and the family around the holidays. If I take into account what I'd pay at a restaurant, I barely come out ahead, so it's all good. Just enough for some tips, and I feel I'm breaking even.

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