Mathematical impact of the Big Ugly Bill--on gamblers

Originally posted by: Kevin Lewis

Exactly when did I ever say anything about making a living??

 

And yes, Virginia, it's possible to be a winner without earning enough to make a living. But your math is a bit pessimistic on several counts. First of all, most experienced players can hit 800 hands an hour. I can do 1000 if the machine lets me.

 

So 800 hands/hr at .25 is $1000 coin-in. It's still fairly easy to play at a 1% advantage, not necessarily because of the inherent return of the game, but because of promos and mailers. There are some 101% plays straight up out there as well. The best game at the Four Queens this month returns 102% with the current summer promo.

 

So $10 an hour is very doable, and whether you can buy a yacht with that is beside the point.


Calm down. I never quoted you as saying people could make a living. That's why I asked the question. 

Originally posted by: Matt Roberts

 At $1.25 per hand that'd be 800,000 hands. Let's say they're relatively speedy and got in 600 hands per hour. That's 1333 hours, or 166 eight-hour days. Less than $4 per hour.

I play at 900 hands per hour at my local casino, Bonus Poker, with a free play/casino cash advantage play at $0.50, my wife and I have been winners over the last 2.5 years.

 

 

Maybe my math is wrong; if so, I defer to you experts. But if that's "winning".....no, thanks. 

 

 


 

For us, it's 4 hours on a Sunday to go and play and have a 0.7% edge over the casino; per hour win rate is not important to us. The comps are what we like, and we don't lose money to get them. We get the usual stuff, free rooms( for a weekend staycation), free food, access to the "VIP" Club( not that impressive), and other discounts offered. We saved a random $600 on a cruise last year, a discount from the cruise website price, we've decided we're not "cruise people",  but we both qualified for a free cruise this year. Also, promo offers from a Las Vegas off-strip casino that we only started to go to when they started sending us promo offers.

 

Oh yeah, my wife won a Cadillac in a drawing that we would not have been at, except for the AP play. 

 

 

Works for us!

 

 

Originally posted by: Matt Roberts

Calm down. I never quoted you as saying people could make a living. That's why I asked the question. 


Your question: "Do you believe there are a lot of people making a living..."

 

Once again, we were talking about being a winner. But there were quite a few people in Vegas in the last couple of decades for whom low-stakes VP WAS a living. Achieve a base rate of $10 an hour plus mailers and promos and you could live quite comfortably. Not so much now, of course, with far fewer opportunities and a much higher cost of living...but still, VP can be a significant income supplement.

Originally posted by: MaxFlavor

 

For us, it's 4 hours on a Sunday to go and play and have a 0.7% edge over the casino; per hour win rate is not important to us. The comps are what we like, and we don't lose money to get them. We get the usual stuff, free rooms( for a weekend staycation), free food, access to the "VIP" Club( not that impressive), and other discounts offered. We saved a random $600 on a cruise last year, a discount from the cruise website price, we've decided we're not "cruise people",  but we both qualified for a free cruise this year. Also, promo offers from a Las Vegas off-strip casino that we only started to go to when they started sending us promo offers.

 

Oh yeah, my wife won a Cadillac in a drawing that we would not have been at, except for the AP play. 

 

 

Works for us!

 

 


Hey Max.  Maybe I'm come over on a Sunday and visit.  Take care.

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