Video Poker Mistakes and Myths

Video Poker Mistakes and Myths are so prevalent, I hear something interesting every time I’m at the VP Bar.

The VIDEO POKER PLAYer / Gambler

Many views of a gambler paints a bleak, hopeless picture of reckless behavior leading to someone who risks loss or injury in the hope of gain or excitement. Addiction is a major concern, but I prefer to think a true gambler is someone who wagers money on the outcome of games or sporting events with strategy, knowledge, and experience to get the best chance to win by diminishing the house edge.

However, there are those who cling to gut feelings, myths, and false knowledge while whining about losing and casino edge.  If you are superstitious, or even a “Little”-stitious, read on…… Remember, for every rule, there might be an exception.

Mistakes

Not Joining the Slot Club –  Get over the fact that you think big brother is watching you and can get an extraordinary amount of information from your rewards card – it’s not as much as you think.  Also, having your card inserted does not give someone (upstairs in the secret button room) the ability to change whatever it is your playing. So, get credit for your play. Comps playing video poker are hard enough to earn. Use the card, and no, using the slot club card  won’t tighten your machine. The exception? – small play or short play sessions.  For example, I play without the card when my play might diminish my Average Daily Theoretical.  For more info on that, check out ‘“Casino Comps & Your “Average Daily Theoretical”

Playing the Wrong Games – this means a couple of things.  First and foremost, it means playing games that you don’t practice.  I don’t play “deuces wilds” because i wouldn’t play it close to perfect strategy – but that’s just me because I prefer to lower the house edge by playing only games I know well. Wrong games also includes playing highly volatile games with high variance like Triple Double Bonus or Multi-line Multi-Strike Poker which have slightly different hold cards. It should be said that the vast majority of multi-line games (Triple Play, 5-Play, 100-Play, etc) should be played exactly as the single line version.

A Low Bankroll – Different games with different denominations need different amounts of moolah to play with perfect strategy to give the player a good chance at winning. For more specific information on bankroll, go to the 888Casino and read DETERMINING BANKROLL REQUIREMENTS

Be careful With the Free Stuff

Drinking too much / playing distracted – find the balance between enjoying casino amenities and playing the game.

Not Checking the Pay Table – the pay tables vary depending upon the game, denomination, and casino. Even machines side by side may be different. Look for better paying machines.  But remember, just because one game has a better paying pay table doesn’t alone increase your chance of winning, correct strategy is a bigger factor.

Playing on a problem machine / Playing a Machine with “Sticky” Buttons – some machines are just not fun because of malfunctions with buttons or rewards card entry. Bar top machines especially fall into this category.

Not Betting Max Bet – You cant win if you don’t play – and that includes Royal Flushes & Progressive Jackpots.  However, maybe you prefer a smaller denomination, or a slower pace. As long as you realize the pay table payback % has been diminished without max play, play what makes you comfy. After all, recreational gambling is for fun, isn’t it?  No judgement here.

Video Poker Myths

Following Hunches & Superstitions – here are some of the ones I hear the most:

MYTH – the cards are programmed to win or lose when you press deal. TRUTH – The infamous Random Number Generator (RNG) takes care of the randomness of VP play making the game of video poker a skill game based on the math and probabilities. Check out Video Poker Math at CasinoNewsDaily.com .

The 4 is the kicker.

MYTH – “Kicker” cards, cards that increase a four-of-a-kind, should be kept. TRUTH – yes, but only when the strategy dictates it. For example, when dealt three aces with a kicker like 2,3,4 in Double Double Bonus, only keep three aces. But when playing Triple Double Bonus, you’d keep the kicker. Some think you always go for the high pay combination, but correct strategy is more about keeping you in the game longer.

MYTH – Games that offer big jackpots on four Aces deal fewer four-Ace hands. TRUTHNo. Refer Slot Machines – Myths & The Random Number Generator  concerning the “RNG.” 

MYTH – When you discard just one card, it’s usually replaced with a card of the same denomination. TRUTH – No. Refer Slot Machines – Myths & The Random Number Generator concerning the “RNG.” 

Does a dealt Straight Flush mean the game is “hot?”

MYTH – “Hot” and “Cold” machines / “Streaks” – TRUTH – These are human perceptions over a short period of time. For more info, refer to “RNG” above.

Have you heard These myths?

MYTH – I’ll change games and change my luck” and “The machine is “due” – TRUTH – it doesn’t matter.  If the games are the same, including paytable, switch if you want. But, it really doesn’t matter.  What matters is that the game, seat, casino area, etc is more desirable to you.

MYTH – Faster is Better – According to this theory, if you can increase your speed to complete one hand every three seconds, forcing the machine to cycle through 20 hands per minute rather than just 10, you’ll work twice as quickly toward the threshold required to trigger big winners.  TRUTH – It may get you closer to the “expected” number of hands needed to approach a certain big pay, the “RNG” could bring the wanted pay out with fewer or many more hands than the expected amount.

MYTH– Higher Denomination Machines Pay More. TRUTH – While this may be true with slot machines (typically, higher the denomination, the higher the pay out %), Video Poker machines with the same pay table, whether $,5, $.25 or $5, will have the same expected RTP (Return To Player), also called EV (expected value).

CONCLUSION

Can You Make a Living Through Video Poker?  Yes, but it is increasingly harder with every year as casinos lower paytables and eliminate “full pay” video poker. Now, it has to include promotions, multipliers, comps and anything else that can increase the value of grinding play on the very few full pay machines left. It’s tough to do.

So, let’s keep recreational gambling in the area of enjoyment and reality. Embrace the math, not the myth, and have fun.

Binbin

Recreational Gambling, ADT and ITV

Recreational gambling has never been accepted as it is today.  With lotteries and sports betting available, and a local casino so close to so many Americans, gambling has never been so popular.  We know about casinos and your ADT, but what’s ITV you ask? Read on….

TravelZork’s Michael Trager recently wrote an article “Why Vegas Casino Loyalty Is Broken” looked at what is happening in Las Vegas with casino rewards and casino fees. Previously, in his TwitPic of the Week Monologue (360 Vegas Podcast Episode #282) Mark Wojtowic eloquently refered to it as well. Both inspired me to consider the following question, “what is the casino industry missing in offering a better recreational gambling experience?”

What motivates our recreational Gambling experience?

Intrinsic motivation refers to behavior that is driven by internal rewards. In other words, the motivation to engage in a behavior arises from within the individual because it is naturally satisfying to you. This contrasts with extrinsic motivation, which involves engaging in a behavior in order to earn external rewards.

External rewards in casinos would include offers from Rewards Clubs such as comped dining, entertainment and free slotplay. Also included would be those things that appeal to your senses, such as the slot machine’s themes, bells and whistles, chair comfort, casino design, and even the scent of casino air.

Recreational gambling offers lots of extrinsic rewards, but the gaming industry has forgotten, or chose to disregard, the most important part – The chance winning and the time spent in the chase. In other words, the intrinsic incentive of fun in recreational gambling.

Average Daily Theoretical and Intrinsic Motivation

Your ADT (Average Daily Theoretical) is how the casino measures your worth, considering how much you play, the denomination of your play, and the length of time you played in a day. I suggest I t’s time we, the casino guest, measure the casino’s worth by developing an IVT (Intrinsic Theoretical Value). It would be a measure over time of bankroll length, gaming rules and rewards club comparisons.

Seriously, an ITV sounds crazy, but, it could work. By logging casino visits and comparing how your bankroll lasts, gaming rules and your awarded comps  “over time,” we might be able to compare casino value in a vaguely measurable way. Think how cool it would be to visit a casino on the basis of their “ITV.”

With lower slots odds, 6:5 Blackjack, automatic shuffle machines, less odds at the Craps table, (and don’t get me started on unplayable video poker), they have taken away the our intrinsic motivation. Most of us wouldn’t mind a decrease in “bells and whistles” if it meant an increase in the hope of winning and the length of time our bankroll would last. The ever-present greed in the gambling industry is causing a feeling  of “why bother?” This is your recreational gambling ITV taking a hit.

las Vegas data misunderstood?

Las Vegas

Resort Fees, Low Gambling Value Increses in Las Vegas & the rest of the U.S.

In Las Vegas, gambling CEO’s seem puzzled by the dip in gambling revenue, even though most months have a higher visitor stat. One main reason is that the total gambling bankroll is shackled by parking fees, resort fees, CSN fees, higher food and drink prices, and less player comps.  Add a bigger house edge with game rules and pay out percentages like 6:5 BJ and 7/5 video poker and “why bother?” That response is an internal feeling of hopelessness in the experience of gambling, a decreased ITV.

Casino Rewards Clubs are also squeezing the fun out of the experience.  Cut backs in comps and rewards, such as in CET’s Total Rewards and Boyd’s B Connected, are changing where we gamble. Shortened periods for accruing rewards points, and the tightening of casino rewards programs are making harder to rise in tier level and hold on to the points earned.

Conclusion

Casino guests could be made to feel special and appreciated with greater hospitality, gambling options, and less “nickel & dining.” CEO’s wouldn’t need to be looking for skill-based games, stadium gaming and sports betting as THE panacea for their misappropriated understanding of getting guests of all ages through the doors.

It’s really so simple.  If I feel good on the inside about my gambling experience lasting longer and potentially better financially, I will visit more, stay longer, and take in more amenities the property has to offer.

Binbin

 

Gambling Slang Quiz Part 2 – The ANSWERS

keep-calm-it-s-answer-time

So, you think you know a lot about gambling jargon?  You know, the slang we throw around at the craps table, or any social gambling gathering.

Here are the answers to yesterday’s quiz quiz on gambling slang.  If you didn’t take the quiz, take it now and go here to try it.

If you enjoyed this, here are some related posts:

Best Blackjack Quiz by Henry Tamburin

Slot Machine Quiz – True or False

Craps Quiz – How Much Do You Really Know?

Try N.E.TimeGambling’s “Betting & Bonus” Match’em Quiz

Let’s see how well you did!

 

 

  1. Ante – I              2. Arm – B               3. The Blind – A

4. Buck – J             5. Copy – Y              6. Down to the Felt – E

7. Grease – H        8. Mechanic – K      9. Barber Pole – O

10. Bug – P                    11. Cracking the Nut – N

12. Fish – G           13. George – R           14. Martingale – U

15. Pidgeon – V       16. Railbird – S         17. Spinner – Q

18. Tom – W           19.Skin or Skoon – X           20.Ploppy – I

Let me know how you did at NETimeGambling.com

Binbin