Every time you push the button (on a negative VP game or make a playing
error) it costs you money, betting bigger just costs you more.--------------------------------------------------------------------------------------------------------------------------Yes. This is our fate. I couldn't even limit my loss to $31 per hour at Borgata. It was $80 over two hours. Then I switched to dollars and really cratered. Just quarters and a bit of fifty from here on out, thanks.
Odds vs. Denomination
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FloridaPhil
- Video Poker Master
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- Joined: Sat Jul 19, 2008 11:28 am
[quote=olds442jetaway]Life is about choices. I hope the new player out there will make the right ones for their wants and needs.
[/quote]What we choose as entertainment is a personal issue. The idea that someone is smarter than someone else just because they choose to play video poker a certain way is ridiculous at best. Still, this is the video poker forum so I guess that comes with the territory. This post was about whether it's better to choose a lower denomination vs. gaining better odds when playing negative video poker games. If the odds are the same for all denominations in your casino, this choice is easy. I have shown that the amount going through the coin slot has more effect on your results than the odds themselves. This is true when you win as well as when you lose. When you play negative VP games you lose a lot more than you win which makes controlling your losses more significant than what you may gain with a little better odds. I will say most players need some level of excitement in order to enjoy gambling. For some this level can be fairly high. Playing single coin quarters is not going to satisfy a player who needs to win thousands of dollars before they have any fun. If those players choose to play negative games, their cost is going to be higher than mine. So what, it's their money and they can spend it any way they wish.Video poker is a game where you get to pick the admission fee. At this time you can play this game from one nickel to $100 a coin. We are already starting to see casinos block the coin button to force a minimum bet just like they have done with penny slots. It's only a matter of time until the odds drop and the minimum bet increases to a point where there won't be any advantage to playing video poker vs. slots. Until then video poker is still the best deal in the casino.
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FAA
- Video Poker Master
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Running $2500 an hour is not in my comfort zone. $1,000 max and there better be a lot of recycling involved.
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billryan
- Video Poker Master
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- Joined: Thu Jan 15, 2009 1:20 pm
If you are consistently losing $50,000 a year playing video poker, you should seek help.
Unless you are living at Harrah's and taking full advantage of their Seven Stars membership and not paying for your housing and meals.
In reality, losses like that indicate a giant hole in your game, but most likely, you refuse to recognize it.
Many people here seem to live in their own reality and justify it by saying they've been losing for years, which somehow makes them experts.
Unless you are living at Harrah's and taking full advantage of their Seven Stars membership and not paying for your housing and meals.
In reality, losses like that indicate a giant hole in your game, but most likely, you refuse to recognize it.
Many people here seem to live in their own reality and justify it by saying they've been losing for years, which somehow makes them experts.
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FloridaPhil
- Video Poker Master
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- Joined: Sat Jul 19, 2008 11:28 am
Billy, why do you torture yourself by posting here? This is the Recreational Play Forum where no one cares about living at Harrahs, Seven Stars Memberships or holes in their game. The Wizard of Odds is calling you!
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billryan
- Video Poker Master
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- Joined: Thu Jan 15, 2009 1:20 pm
I believe you mean why do I torture you by posting the truth here.
Exposing frauds isn't work, it's fun.
Having dinner tonite with the Wizard and a few other APs.
Exposing frauds isn't work, it's fun.
Having dinner tonite with the Wizard and a few other APs.
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FloridaPhil
- Video Poker Master
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- Joined: Sat Jul 19, 2008 11:28 am
I just think you would get along better with others that think as you do. We certainly would. The only Wizard you're having dinner with is the Wizard of OZ.
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billryan
- Video Poker Master
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- Joined: Thu Jan 15, 2009 1:20 pm
And there you go again. Talking about stuff you are clueless about.
I'll give Mike your regards. I'm sure he's aware of the creator of the mighty single coin strategy.
I'll give Mike your regards. I'm sure he's aware of the creator of the mighty single coin strategy.
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olds442jetaway
- Video Poker Master
- Posts: 9519
- Joined: Tue Aug 21, 2007 9:08 pm
If you are consistently losing $50,000 a year playing video poker, you should seek help.
Unless you are living at Harrah's and taking full advantage of their Seven Stars membership and not paying for your housing and meals.
In reality, losses like that indicate a giant hole in your game, but most likely, you refuse to recognize it.
Many people here seem to live in their own reality and justify it by saying they've been losing for years, which somehow makes them experts.
Nope. It simply comes down to life choices. The game is played properly. The percentage of the loss is about correct. We have no debt and are not that materialistic. Vp has been fun but like me, its getting old. Time for new things, travel etc. before we can't.
Unless you are living at Harrah's and taking full advantage of their Seven Stars membership and not paying for your housing and meals.
In reality, losses like that indicate a giant hole in your game, but most likely, you refuse to recognize it.
Many people here seem to live in their own reality and justify it by saying they've been losing for years, which somehow makes them experts.
Nope. It simply comes down to life choices. The game is played properly. The percentage of the loss is about correct. We have no debt and are not that materialistic. Vp has been fun but like me, its getting old. Time for new things, travel etc. before we can't.
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olds442jetaway
- Video Poker Master
- Posts: 9519
- Joined: Tue Aug 21, 2007 9:08 pm
[QUOTE=olds442jetaway]Hmmmmm. However, in 5 years, if I wasn't playing at all I could buy a beautiful 2nd home down in your neck of the woods for 250k worth at least 50k more than my current little home in Ct. on a 50x100 lot But, isn't it a bit unrealistic to think that you would save all of that $250000?
How would you replace the recreational component of video poker? You would definitely have a lot more time on your hands, and, unless you're going to spend five years looking at the walls, there would likely be a cost associated with whatever you do with all that time.
I am in no way suggesting you would replace the $50000 per year with something of equal value, but I think it's likely you would spend some of it.
[/QUOTE]
Most likely with our low key lifestyle, I would have just picked up some of the more expensive hobbies that I have back burnered like old cars, antiques, maybe play the market etc. I think most of the 250k would have been saved and probably some more because if you are good at your hobbies and have talents in certain areas like restorations like I do, it could have even have been added to. But time catches up with us all. Healthy now, most family obligations except one are over. The one left is a big one. Dad. I think the wife would like to travel when she retires in a year or so. If we don't do it now or soon from now, we never will. Still plenty of savings not squandered. etc. Both of us hate debt. Though it was tough when we were young, we paid off the house in 6 years by her working and me working and running a part time business for another 40 hours a week. The one bummer was the taxes. We always got killed on that and never took advantage of the deductions most wealthy folks do. Finally we never had a car payment. I fixed everything or we bought new cheap cars. As a matter of fact, I never took any loan out except our first mortgage. Gone in 6 years. Never hit up the folks up for money either. So vp while yes was and is extremely expensive, we are still fine in retirement. I have to agree with Phil in that if you still love vp as we do, the way to go is just play as small as possible and enjoy the ride. By the way...anyone rememember 16-18% cds. We lived like paupers back then, but with no debt hit home runs on those.
How would you replace the recreational component of video poker? You would definitely have a lot more time on your hands, and, unless you're going to spend five years looking at the walls, there would likely be a cost associated with whatever you do with all that time.
I am in no way suggesting you would replace the $50000 per year with something of equal value, but I think it's likely you would spend some of it.
[/QUOTE]
Most likely with our low key lifestyle, I would have just picked up some of the more expensive hobbies that I have back burnered like old cars, antiques, maybe play the market etc. I think most of the 250k would have been saved and probably some more because if you are good at your hobbies and have talents in certain areas like restorations like I do, it could have even have been added to. But time catches up with us all. Healthy now, most family obligations except one are over. The one left is a big one. Dad. I think the wife would like to travel when she retires in a year or so. If we don't do it now or soon from now, we never will. Still plenty of savings not squandered. etc. Both of us hate debt. Though it was tough when we were young, we paid off the house in 6 years by her working and me working and running a part time business for another 40 hours a week. The one bummer was the taxes. We always got killed on that and never took advantage of the deductions most wealthy folks do. Finally we never had a car payment. I fixed everything or we bought new cheap cars. As a matter of fact, I never took any loan out except our first mortgage. Gone in 6 years. Never hit up the folks up for money either. So vp while yes was and is extremely expensive, we are still fine in retirement. I have to agree with Phil in that if you still love vp as we do, the way to go is just play as small as possible and enjoy the ride. By the way...anyone rememember 16-18% cds. We lived like paupers back then, but with no debt hit home runs on those.
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