Quote:
Originally Posted by djatcbbq
Bob Dancer played in the days of 99.54% JoB, 1% cash back, 4 of a kind promos, and more. I read his book, and it's not out of the realm of what's possible in advantage video poker play. I know guys who've done the same stuff he's done, and back in those days the math was a bit fuzzy except for pros, the casinos had no idea WTF was going on in terms of returns.
Video poker is great for playing if you want to earn comps with a very low expected loss, especially if you play poker exclusively because poker players don't get comped much. As for making money with it, leave that to us pros . I'm not telling where I'm getting my 3% edge.... and it's not on a progressive that goes up every now and then.
Hi DJ. So is this the only place to have gambling discussions now that WoV (along with all the users' info) has been sold to the devil?
I know where you are getting your 3% from (don't worry, I'm not going to go blabbing). A couple of things worth pointing out though:
1. It's quarters only. Good low roller stuff but if you have a large bankroll and want to make real $$$ it's no good. If you can get 1000 hands/hr in (I have not played this so I don't actually know how fast the machines are), 3% of $1250 is only $37.50 per hour of EV. If you can only play 800 hands/hr, it's $30/hr. Better than flipping burgers, but not going to make you rich.
2. A lot of the edge comes from mail. This means that you can't play for 2x the hours and make 2x the money -- you need to find the "sweet spot" for maximizing the value of the mail divided by the amount of play you put it. So, there is some trial and error involved.
Other than the scaling, another reason that I don't like playing for mail is the uncertainty involved. You may think that you have an edge, but actually they are onto you and have no-mailed you without telling you. Of course you don't find out for a month or so (when you realize that the mailer never showed up), and, in that time, you are not playing with the edge that you thought you had.
Comparing to something like poker: I think that poker has the same problem of not scaling with your bankroll (just because you can beat the $3/$6 game doesn't mean that you can beat the $40/$80 game, even if you have the bankroll) but at least it does scale with hours played, somewhat (although games will be juicier at some times than at others, so maybe it does have the same problem)
So, I'm not saying that it's not good, but it's not like it's a 3% edge where you can bet as much as you want for as long as you want.