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This Made Me Uncomfortable

Bonnie and I were at Harrah’s in Cherokee, NC for a Caesars Seven Stars trip. Cherokee is in the Smoky Mountains and a world away from Las Vegas. Plus, they have $5 NSU Deuces Wild.

For a Seven Stars trip, you get up to $1,200 airfare, $500 in resort credit, and transportation to and from the airport. The airport means either Asheville (about 50 miles away, but not a direct flight) or Atlanta, which is 160 miles away (which is much easier to get to). We usually fly into Atlanta.

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Figuring the Return for 8/5 Bonus Poker with Four Progressives

Note to reader: The original version of this contained an arithmetic mistake. It was pointed out to me by a man who posts under the name “New2vp”. The error, which affected one of the tables in the chart, are in the section relating to quad 5s-Ks. The corrected version follows. Thank you New2vp.

I received an email:  Sam’s Town in Las Vegas has three different banks of 8/5 Bonus. Two of those banks have progressives on the royal flush only. The third has that progressive, plus three additional ones for the quads: aces, 2s-4s, and 5s-Ks. Since the game starts out at 99.17%, sometimes these games must be pretty good. How do I figure out how to calculate the return of these games quickly if I don’t bring computer software into the casino?

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The Old Man

Today’s column is less technical and more about “how I do things” that aren’t specifically related to video poker.

Most of you have heard of Adele, one of the premier singers of our time. She is performing a series of concerts at Caesars Palace in Las Vegas, and I was invited to receive two tickets. Bonnie’s daughter, Joyce, is a huge fan, so we arranged for Bonnie and Joyce to attend the concert on December 3, while I played enough in the casino to “keep those offers coming.”

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A Mailer to Appreciate

I recently wrote that I had hit a $120,000 royal flush at Dotty’s in October. I mused that possibly the plug had been pulled on my welcome as I had hit a number of big jackpots there in the past. Several readers responded that surely my time was up there.

In November, I received no mailer at all. I looked at this as a “possible sign” of the end of my welcome, but not definitive. In October, my mailer was for $1 a week for the first three weeks, and a whopping $2 for the fourth week. I left them uncashed, except for cashing one of them on the one day I went in to play.

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Adventure at Railroad Pass – Part 1 of 2

Railroad Pass was built some 90 years ago. Insofar as Las Vegas casinos go, that’s ancient. Railroad Pass isn’t actually in Las Vegas, of course. It’s in Henderson, almost to Boulder City. At the time this story happened, almost 20 years ago, they actually had a traffic signal in the middle of the 95 freeway to get into the place. In addition, it was owned by the MGM – Mirage corporation, although totally separate from that players club. Today that signal is gone, and MGM no longer owns a piece of the Pass.

A lot of the machines were coin-droppers. With a 0.25% slot club, I favored dollar 9/5 Triple Bonus Poker Plus (99.80%) on Wednesdays, which was 3x point day. I couldn’t get many dollars per hour through the machine. When credits on the machine exceeded 400, dollar coins fell into the hopper. Quad 2s, 3s, and 4s ($600) were a hand pay, as were four aces ($1,199). It was about a $20-per-hour play, but they had mailers and comps which added considerably.

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What Was Your Best Gambling Decision?

Pick your one or two best gambling decisions throughout your life. Pick them before reading on. Take however much time you need. This blogpost will be here when you get back.

This post has been inspired by my recent reading of Annie Duke’s books, “Thinking in Bets” and “Quit.” I wrote about these books last week. I’m not sure which book spoke about this topic. I read them more or less concurrently as audiobooks checked out from the library, and they’ve both been returned.

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How Much Should I Lose Before I Quit?

I’ve been asked variations of this question more than one hundred times over the years. Sometimes phrased as, “If I lose $100 (or some other number), should I give up for the day?”

My answer usually was some form of the following:

  1. Only play when you have the advantage. If the house has the edge, don’t play. It’s fairly easy to calculate in video poker whether you have the edge or not. In general, if you don’t know if you’re the favorite or not, you’re not.
  1. My answer assumes you have sufficient bankroll, actual and psychological, to ride it out. How to calculate how much bankroll you need is a discussion for another day.
  1. Are you still playing alertly?
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Help Me Make Sense of This

I received the following email. It was originally intended for the Gambling with an Edge mailbag, but I felt it was too technical to be discussed over a podcast:

I know video poker has a ton of variance, but I recently endured a hellish series of events on $5 NSU Deuces Wild at a tribal casino. 

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When is a Wild Royal Flush not a Wild Royal Flush?

Using a W for wild card to indicate a deuce, assume you are dealt W W Q♦ J♦ T♦ on a Triple Play version of Deuces Wild. This is not a tough play. You hold all five cards for a wild royal flush. (Other terms for the same hand are royal flush with deuce and dirty royal.) Usually this pays 100 or 125 coins, depending on the pay schedule, and in the specific version you’re playing it returns 100 coins.

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