To those who have made significant money with VP: What do you do?

[billryan]

Isn't the queen referred to as the royal "We"?

[FloridaPhil]

Phil you say that "we should be honest with people and tell them the VP profit train has left the station." Who is this "we" that you are referring to and why would "we" tell this to "people"?

I am referring to the forum members as a group. When we tell people they can make significant money in today's casinos by playing VP, we are creating losers. That is exactly what the casino wants us to do.

You could come back to me and say some AP does it. I would agree and ask you how many losers are created for each AP? Is it right to teach thousands if not millions of players to lose more than they should so a few can prosper? This entire concept is one huge marketing scheme.

[dw44]

I don't see any evidence that people asking about and discussing +EV VP on forums like this generate large numbers of losing players.

[FloridaPhil]

I don't see any evidence that people asking about and discussing +EV VP on forums like this generate large numbers of losing players.

OK. Let me see if I can make this easier to understand. Video poker has a lot of parallels with investing. Right now, there are are stocks and bonds paying over a 10% annual return. Some are closer to 17%. On paper, math says you can make 15% after inflation profits on these investments. If you invest a million dollars in one of these stocks, a computer simulation will calculate your annual profit at approximately $150,000. I assume that amount of profit will fund a fairly nice lifestyle in Las Vegas. However, there is a catch. It's called "risk".

Risk in investing can be calculated with some accuracy. In order to calculate the risk in a VP game that produces this much profit, you must assume a few things. You must assume you can find a game with a 15% net return. You must assume you can play without error. You must assume you don't get sick on tobacco smoke or lose your eyesight from the strain. You must assume you have a million dollars to invest. You also must assume the casino won't catch on to what you are doing and change the payout. AND, you must assume the right number of royals appear before your bills come due.

Does this sound like a lucrative investment to anyone on this forum? Take the million dollars and divide it up into $10,000 buckets. Invest the money in a diversified portfolio of best in class stocks and bonds. Do your research. Don't start buying and selling on your feelings. Just like video poker, this never gets you anywhere. In time, your investments will pay far more than any casino will let you win.

This is not an investment class. My advice is proven and it's free. Am I afraid to tell you because you will go out and kill my golden goose? Of course not.

When you have ten million dollars in the bank, throw one million away playing video poker. You will get all kinds of comps, cruises and cash back. You won't make money, but you won't care.

[Tedlark]

Phil I am seriously thinking that you've exchanged your leather jacket for a life jacket and jumped the shark.

using your group logic I guess I could even say: we're seriously thinking that you've exchanged your leather jacket for a life jacket and jumped the shark.

[dw44]

Yes Phil, bankroll is necessary for +EV gambling. This has already been acknowledged.

[billryan]

Phil,
How much does a half gallon of milk cost?

[case]

Phil
You really think we are teaching all the new players that they will get rich playing VP? You really think that is the message we give them? You treat these new players like they are idiots and don't understand the game like you do. So you are their "crowned" leader that will teach them the right way to play VP. God Help Them.

[FloridaPhil]

Phil You really think we are teaching all the new players that they will get rich playing VP? You really think that is the message we give them?

I don't believe many forum members believe you can get rich playing VP in 2018. When a member ask how this is done as this person did, we owe them an honest appraisal of their chances. Some people on this website have a different agenda. They have big investments in Advantage Play Strategy and will say anything to defend it. Gambling is not a career choice anyone should make. Taken in small controlled doses, it can be entertaining. When profit becomes the major motive, it becomes an overriding obsession. It will control your life, haunt your nights, ruin your marriage (or marriages), destroy your moral fiber and leave you with nothing but bad memories. If you spend your life promoting a gambler's lifestyle, in my opinion you are doing more harm than good.

I am sorry if the things I say bring some members down. It's a sad thing when your dream dies. It's worse when your dream turns into a nightmare. My personal battle with "for profit" gambling is almost over. For you it may have just started or you may still be under the impression that it won't hurt you. You may be in the group that believes the casino is a way to get rich. Eventually you will get to where I am now. My final chapter is being written. I want my book to help players keep more of their money, not clean out their bank accounts chasing a dream that will never happen.

[Tedlark]

Phil why do you again say that gambling is not a career choice anyone should make? Your same statement can be made for any number of occupations, both legal and illegal but yet you keep saying that gambling is not a career choice anyone should make. This is solely your opinion, cut and dried. People who have reached the legal age of maturity have the right to make their own choices in life, good or bad. If a bad choice is made: learn from it; do not make that same bad choice again; regroup, and try again.

This latest post of yours here is truly troubling if something were written by you between the lines. If you are trying to cleanse yourself of some demon that has been chasing you then I suggest you seek help other than whatever temporary peace you get posting here.