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| Name | Long-term Return | Variance |
| Deuces Wild (full-pay) | 100.76% | 25.84 |
| Jacks or Better (9/6) | 99.54% | 19.51 |
| Bonus Poker (8/5) | 99.15% | 20.90 |
| Double Bonus Poker | 100.17% | 28.26 |
| Pick 'Em Poker | 99.95% | 15.00 |
Yes, I know how popular Double Double Bonus Poker is, but the return for perfect play on the 9/6 version is only 98.98% and the variance is a whopping 41.98, so it didn't make the cut. This is a good time to talk about risk of loss.
Okay, just how much is "enough"? Well, it all depends. It depends upon the game you play, in which denomination; how long you want to play it and a million other variables. Let's use some averages here. The average visitor to Las Vegas loses $665, according to a show I just saw on the Travel Channel, but let's round that up to $750 and call it our "bankroll." The average visitor stays in Las Vegas for 3 full days and gambles 6 hours a day, which means 18 hours of Video Poker. All of the games listed above can be played very accurately at a rate of 500 hands per hour, give or take, so let's assume you'll play 9000 hands of VP on your trip.
So the trick here is to make that $750 last through 9000 hands of Video Poker and maybe, just maybe, make a profit. The first question we need to answer is: How much can I lose? That's where that variance number comes in. Variance is just a way of measuring what most people call "luck" and I'll spare you the sordid details of the mathematics involved and show you how much you can lose while playing 9000 hands of all the games on our list, if you have a really bad trip (what we call a 3 standard deviation event). I'll assume that you're playing quarters and I'm ignoring any slot club cash rebates.
| Deuces Wild: | $1721.00 |
| Jacks or Better: | $1621.00 |
| Bonus Poker: | $1722.00 |
| Double Bonus Poker: | $1876.00 |
| Pick 'Em Poker: | $ 1383.00 |
Like I said earlier, a loss of this magnitude will happen only if you have a very "unlucky" trip, because there's about a 1 in 20 chance of it being this big. Nonetheless, this is a vivid demonstration of how small a $750 bankroll really is. Therefore, we have to try and improve our situation.
You won't find the word "gambling" used a lot around here, because we really don't believe in gambling. But, in this case, it's what we're going to do in order to perhaps - and I want to stress the word, "perhaps" - walk away a winner.
1. Start small - In the early part of your trip, play a nickel or dime machine and see how it goes. If you're lucky and hit some sort of bonus hand like 4 Deuces on a FPDW machine or 4 Aces on a Bonus/Double Bonus machine, sure you'll wish it had been on a quarter machine, but it's still early and you might be showing a profit already! And if you don't hit a bonus-type of hand, think of how much money you saved.
2. Keep track of what's going on - The key to financial survival at most Video Poker games is hitting quads (4-of-a-kind), be it 4 Deuces in FPDW or quad Aces in Bonus or Double Bonus, etc. In 9000 hands of play, you can expect to hit one set of 4 deuces if you're playing FPDW or one set of quad Aces if you're playing Bonus or Double Bonus Poker. Other than the FPDW game, you'll get a set of quads about once every 425 hands and what I want you to do is keep track of what you receive. In the Jacks or Better and its variations, you can expect to hit about 20 sets of quads in your 9000 hands of play, so each time you do, write it down.
3. At about the mid-way point, analyze your results - If you're ahead at this point, great! Keep doing what you're doing. If you're not ahead, but still have some $$$ left, plan your attack. For example, if I were down by $300, had played a lot of Jacks or Better and noticed that I hadn't yet hit many quads (probably why I'm down), I would switch to Double Bonus poker, because a set of quads in that game pays at least 250 coins. Mind you, I'd still play quarters and, while there is no such thing as being "due" for a set of quads, they will eventually come and getting paid 250 is better than the 125 I'll get at the Jacks or Better game. The big risk here is that the quads will still fail to show and your remaining $$$ will disappear even more quickly. Hey, I did say this was gambling!
4. At about the 75% point (somewhere in the beginning of your third day), do another analysis. If you're ahead by a lot, because those quads showed up, decide how important that profit is to you. If it feels good to finally be a winner, then lock some of it up. If you know the $$$ will "burn a hole" in your pocket until you leave, go buy a money order and mail it home to yourself. The amount is up to you, but I guarantee you'll be happy you did that, should the losses start coming. Another approach is to go back to playing nickel or dime games. I know that's difficult, because you've been doing well at a quarter game and now it's tough to get excited about winning $40 for a set of quad Aces. But consider playing a multi-line game, such as five-play where the total bet is $1.25 (5 nickels per hand on 5 lines). While the bet amount is the same as playing a quarter game, your risk is actually somewhat lower because so many of your hands start with pretty good cards.
5. Consider a Martingale "progression" - This really is gambling. A Martingale is where you keep increasing your bet as you lose, with the idea that one win gets you back to even. It's a fool's game in the long run, but it can work for short periods of time. A Martingale in Video Poker can be accomplished by playing a game in a higher denomination. For example, if you've lost $300 at Quarter Double Bonus Poker a set of quad 4s at a dollar game is worth $400 and, voila!, you're even. Oh, if it were only that simple. The risk is big but so are the rewards and only you can decide if this is appropriate, because it's ultimately your $$$.
6. Look for progressives, bonuses, promotions, etc. - Some casinos offer bonuses on various hands of VP at various times. For example, if you haven't hit a lot of quads and the casino next door pays double for quad 7s on Wednesday, go play there, but only if the basic game is halfway decent. An alternative is to find a game that has a nice, fat progressive for quads or a straight flush or some other hand like that and go for it. Yes, games with progressive Royals are great, but I doubt you'll hit one in 9000 hands of play, so I'm leaving them out of the equation. Knowing about these bonuses and progressive takes some advance planning, so do as much of that as you can before you leave home and then check out what's available in your casino of choice as soon as you arrive. As you get near the end of your trip, don't forget to cash in any slot club rebates.
7. There are no guarantees here, but I have turned losing trips into winners by doing what I outlined above. I have also lost doing this. But if you're a casual player, the concept of "the long term" doesn't have a lot of meaning for you and I understand that. However, if you play good games properly, you'll likely do better than taking a shot at some game that can eat you alive in a very short period of time. Most of all, try to have fun.
I'll see you here next time.
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