Touchy subject probably and I`ll not be surprised if no one responds, but here goes.
How much is your bankroll for a trip to the casino or a per day amount for an extended trip?
I know my bankroll has increased as I`ve played as have the games that interest me.
I now take between 3-400 for a day trip. If I`m going for several days I budget 2-250 per day.
I began with .25 JB single play now play almost exclusivley 3 or 5 play .25 DDB. If I`m winning I might move up to .50 or $1.
Here`s an interesting site that talks about the risk of ruin (losing all your money) for some vp games based on your bankroll size. http://wizardofodds.com/videopoker/appendix1.html
how big a bankroll?
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BOOPSAHOY
- Video Poker Master
- Posts: 1625
- Joined: Thu Sep 14, 2006 5:20 pm
My husband and I go with around 300 between us plus we usually get back 100-150 cashback. So thats a bankroll for 2 of 450.
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oej719
- Video Poker Master
- Posts: 1777
- Joined: Wed Sep 06, 2006 5:46 pm
I deterime how much I am going to play before I go.
I play a ceratin amount of credits at 25 cents.
Then if I am not ahead by a certain amount or if I have lost all the credits
I then play a certain number if credits at 50 cents.
Then if I have to I play a certain number of credits at $1.
I do cashout when ahead by a predetermined number of credits
and pocket that money and then start again.
It is fun and works for me.
I play a ceratin amount of credits at 25 cents.
Then if I am not ahead by a certain amount or if I have lost all the credits
I then play a certain number if credits at 50 cents.
Then if I have to I play a certain number of credits at $1.
I do cashout when ahead by a predetermined number of credits
and pocket that money and then start again.
It is fun and works for me.
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barrychatman
- Forum Newbie
- Posts: 4
- Joined: Mon Sep 25, 2006 11:44 pm
i generaly play small bets then increase to max bet we all know how these games take off and maximize your gains and minimize your losses get up when you are a head
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details
- Forum Regular
- Posts: 57
- Joined: Fri Sep 01, 2006 4:50 pm
depending on game and denomation for example 7/5 super aces triple play .25 w/90 coin max bet thats 30 per line $400-600 per session that will give me around 100 spins . If nothing happens I move !!!!
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Eduardo
- Video Poker Master
- Posts: 2954
- Joined: Thu Aug 31, 2006 7:19 pm
At $600 per session, if nothing happened I would move too... to a smaller apartment! You are lucky. Do you end up winning overall?
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shadowman
- Video Poker Master
- Posts: 3587
- Joined: Mon Oct 23, 2006 5:42 pm
Session bankroll varies by denomination, game and intended amount of play. One man's session is another man's lifetime. I don't think you'll find a "one size fits all" but it's a good idea to think about bankroll.
PS. Ignore all comments about the advantages of short coin betting. Short coin only reduces your payback (although it could reduce your losses on low payback machines). The RNG knows nothing about bet size.
PS. Ignore all comments about the advantages of short coin betting. Short coin only reduces your payback (although it could reduce your losses on low payback machines). The RNG knows nothing about bet size.
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superdanman1970
- Forum Newbie
- Posts: 2
- Joined: Fri Mar 16, 2007 4:11 am
Hi, new to videopoker. Was a former backgammon player, still play, but moved to regular poker...and now moving once again to take a more serious approach to video poker.
It seems to me that bankroll is so very important. How much to risk vs reward...how long to stay/when to leave. I read an article by Bob Dancer the basic 3 to 5 royal rule. A basic approach that one approaches the game with a bankroll that is 3 to 5 times the royal flush payout; e.g., quarter machine for a 4,000 royal flush payout would require a bankroll of 3-5 thousand dollars.
That makes alot of sense to me. But since my bankroll is limited, I'm playing nickle machines and plan to work my way up. Since a royal with nickles is 200 dollars, my starting bankroll is about 800 dollars, or 4 times the royal payout...I'm also playing 5 play DDB as well as J/B 9/6. Playing 5 play DDB, since it's $1.25 a spin, might require more bankroll, I'm not sure. But that's what I'm comfortable starting with...currently, I'm down about 200 dollars, but still learning.
I'm realistic that bankroll is an important factor and that extra 5 or 10 or 100 dollars of betting might make the difference of hitting or not hitting the big payouts.
Bankroll is an interesting topic to me and would like to hear what others have to say about it. Is it primarily what a gambler is comfortable with? Is there a more mathematical approach? Risk of ruin approach? What does one say about the person who sits down with a 20 dollar bill and uses that as a bankroll for, say, a quarter 5 play DDB, and another that sits down next to him at the same game with 3 to 5 thousand dollars? What makes one type of gambler and the other? Which one is smarter? Is it the old addage, "With great risk comes great reward. With little risk, little reward."? Or more like the saying, Don't gamble what your not willing to lose.
"The next best thing to playing and winning...is playing and losing."
It seems to me that bankroll is so very important. How much to risk vs reward...how long to stay/when to leave. I read an article by Bob Dancer the basic 3 to 5 royal rule. A basic approach that one approaches the game with a bankroll that is 3 to 5 times the royal flush payout; e.g., quarter machine for a 4,000 royal flush payout would require a bankroll of 3-5 thousand dollars.
That makes alot of sense to me. But since my bankroll is limited, I'm playing nickle machines and plan to work my way up. Since a royal with nickles is 200 dollars, my starting bankroll is about 800 dollars, or 4 times the royal payout...I'm also playing 5 play DDB as well as J/B 9/6. Playing 5 play DDB, since it's $1.25 a spin, might require more bankroll, I'm not sure. But that's what I'm comfortable starting with...currently, I'm down about 200 dollars, but still learning.
I'm realistic that bankroll is an important factor and that extra 5 or 10 or 100 dollars of betting might make the difference of hitting or not hitting the big payouts.
Bankroll is an interesting topic to me and would like to hear what others have to say about it. Is it primarily what a gambler is comfortable with? Is there a more mathematical approach? Risk of ruin approach? What does one say about the person who sits down with a 20 dollar bill and uses that as a bankroll for, say, a quarter 5 play DDB, and another that sits down next to him at the same game with 3 to 5 thousand dollars? What makes one type of gambler and the other? Which one is smarter? Is it the old addage, "With great risk comes great reward. With little risk, little reward."? Or more like the saying, Don't gamble what your not willing to lose.
"The next best thing to playing and winning...is playing and losing."
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cddenver
- Video Poker Master
- Posts: 2269
- Joined: Tue Mar 13, 2007 9:54 pm
I think the correct answer to bankroll size is "depends". Everyone's situation is different. The minimum time you like to get in per session, denomination(s) played, income, distance from casinos all have an impact.
In my case, the local casinos are about 40 minutes away. Since the round trip is about an hour and a half, I'd never go with just $20. Just not worth the travel time or gas. Sometimes you get lucky and hit something quick, but the general case is that you go "bust" pretty fast with only $20.
When I go to the local casinos, I usually go with $500. We're small stakes here ($5 limit), and I play a mix of denominations ($.25, $.50, $1) on single line machines. That's usually enough to last me a couple of hours on an average day. For a triple play session I'd budget three times the amount. When I go to Vega$, I bring enough for two sessions each day. I also bring a good book to read in the room at night for those days when I don't hit anything.
In my case, the local casinos are about 40 minutes away. Since the round trip is about an hour and a half, I'd never go with just $20. Just not worth the travel time or gas. Sometimes you get lucky and hit something quick, but the general case is that you go "bust" pretty fast with only $20.
When I go to the local casinos, I usually go with $500. We're small stakes here ($5 limit), and I play a mix of denominations ($.25, $.50, $1) on single line machines. That's usually enough to last me a couple of hours on an average day. For a triple play session I'd budget three times the amount. When I go to Vega$, I bring enough for two sessions each day. I also bring a good book to read in the room at night for those days when I don't hit anything.
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shadowman
- Video Poker Master
- Posts: 3587
- Joined: Mon Oct 23, 2006 5:42 pm
Hi, new to videopoker. Was a former backgammon player, still play, but moved to regular poker...and now moving once again to take a more serious approach to video poker.
It seems to me that bankroll is so very important. How much to risk vs reward...how long to stay/when to leave. I read an article by Bob Dancer the basic 3 to 5 royal rule. A basic approach that one approaches the game with a bankroll that is 3 to 5 times the royal flush payout; e.g., quarter machine for a 4,000 royal flush payout would require a bankroll of 3-5 thousand dollars.
This is a rule of thumb for low variance VP, eg. Jacks or Better. It does not apply to higher variance games. You might want to check out
http://wizardofodds.com/videopoker/appendix1.html
That makes alot of sense to me. But since my bankroll is limited, I'm playing nickle machines and plan to work my way up. Since a royal with nickles is 200 dollars, my starting bankroll is about 800 dollars, or 4 times the royal payout...I'm also playing 5 play DDB as well as J/B 9/6.
Both of these games are probably negative games. The risk of ruin for any negative game is 100%. You can't "work your way up" playing negative games unless you continue to supplement your bankroll.
Playing 5 play DDB, since it's $1.25 a spin, might require more bankroll, I'm not sure. But that's what I'm comfortable starting with...currently, I'm down about 200 dollars, but still learning.
I'm realistic that bankroll is an important factor and that extra 5 or 10 or 100 dollars of betting might make the difference of hitting or not hitting the big payouts.
True for any given session, but over the long run it all evens out. Bankroll is important so that you can gamble enough to feel comfortable that your luck will even.
Bankroll is an interesting topic to me and would like to hear what others have to say about it. Is it primarily what a gambler is comfortable with? Is there a more mathematical approach? Risk of ruin approach? What does one say about the person who sits down with a 20 dollar bill and uses that as a bankroll for, say, a quarter 5 play DDB, and another that sits down next to him at the same game with 3 to 5 thousand dollars? What makes one type of gambler and the other? Which one is smarter? Is it the old addage, "With great risk comes great reward. With little risk, little reward."? Or more like the saying, Don't gamble what your not willing to lose.
"The next best thing to playing and winning...is playing and losing."
Another good tool is a risk of ruin calculator.
http://wizardofodds.com/videopoker/anal ... yProg.html
Your questions here indicate a good grasp of the basics of VP gambling. Spend a little time at some internet sites like here or the wizard of odds and you will be able to answer most of them yourself.
It seems to me that bankroll is so very important. How much to risk vs reward...how long to stay/when to leave. I read an article by Bob Dancer the basic 3 to 5 royal rule. A basic approach that one approaches the game with a bankroll that is 3 to 5 times the royal flush payout; e.g., quarter machine for a 4,000 royal flush payout would require a bankroll of 3-5 thousand dollars.
This is a rule of thumb for low variance VP, eg. Jacks or Better. It does not apply to higher variance games. You might want to check out
http://wizardofodds.com/videopoker/appendix1.html
That makes alot of sense to me. But since my bankroll is limited, I'm playing nickle machines and plan to work my way up. Since a royal with nickles is 200 dollars, my starting bankroll is about 800 dollars, or 4 times the royal payout...I'm also playing 5 play DDB as well as J/B 9/6.
Both of these games are probably negative games. The risk of ruin for any negative game is 100%. You can't "work your way up" playing negative games unless you continue to supplement your bankroll.
Playing 5 play DDB, since it's $1.25 a spin, might require more bankroll, I'm not sure. But that's what I'm comfortable starting with...currently, I'm down about 200 dollars, but still learning.
I'm realistic that bankroll is an important factor and that extra 5 or 10 or 100 dollars of betting might make the difference of hitting or not hitting the big payouts.
True for any given session, but over the long run it all evens out. Bankroll is important so that you can gamble enough to feel comfortable that your luck will even.
Bankroll is an interesting topic to me and would like to hear what others have to say about it. Is it primarily what a gambler is comfortable with? Is there a more mathematical approach? Risk of ruin approach? What does one say about the person who sits down with a 20 dollar bill and uses that as a bankroll for, say, a quarter 5 play DDB, and another that sits down next to him at the same game with 3 to 5 thousand dollars? What makes one type of gambler and the other? Which one is smarter? Is it the old addage, "With great risk comes great reward. With little risk, little reward."? Or more like the saying, Don't gamble what your not willing to lose.
"The next best thing to playing and winning...is playing and losing."
Another good tool is a risk of ruin calculator.
http://wizardofodds.com/videopoker/anal ... yProg.html
Your questions here indicate a good grasp of the basics of VP gambling. Spend a little time at some internet sites like here or the wizard of odds and you will be able to answer most of them yourself.
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