One of the things that separates Video Poker for Winners software from its competitors is the bankroll calculation module. (Each of the major video poker trainers has features the others don’t. Serious players often own two or three such trainers and use them for different purposes. Compared to the money you run through the machines, […]
Posts in category Video Poker
The Endowment Effect in Video Poker
A few columns ago, I mentioned that I was reading Nobel Prize Winner Daniel Kahneman’s book Thinking, Fast and Slow. Although today’s column was inspired by that book, I’m extrapolating some of Kahneman’s arguments into areas that weren’t discussed in his writing. That is always risky business — especially since this is not my field […]
Casinos Have All The Advantages
One of the nicest things about hosting a radio show that finishes at 8 p.m. is that afterwards the guests and hosts can often go out and enjoy a drink or meal together. Almost always our guests have been bright and interesting people who usually specialize in a form of advantage gambling that is different […]
A Wonderful Phrase
I enjoy words and clever ways of saying things. Back when I was younger, I was known as something of a smart ass — often making observations out loud. Sometimes witty. Sometimes, not so much. Many of my friends know that I haven’t completely outgrown my younger days.
The Secret to Success
I was reading Thinking, Fast and Slow by Daniel Kahneman, Nobel Prize winner in Economics. The part of the book that inspired this article was called “Regression to the Mean.” In this chapter, Kahneman recalled something he submitted when he was one of several scientists requested to report their “favorite equation.” Kahneman reported: Success = […]
Apples and Oranges
In March, the Palms is giving away a 2013 Volkswagen Jetta every Saturday — along with other cash prizes. At the start of the month, I figured I’d play to earn entries for the car drawings on Saturday the 16th and Saturday the 30th. The weeks chosen were somewhat arbitrary and partly determined by other […]
There Should Be a Limit
I recently played during a promotion at Planet Hollywood. Someone I didn’t recognize came up, told me his name was “John,” and stated that he’d purchased Video Poker for Winners during a class of mine several years ago. He said he’d learned a lot from it. I try to be polite and talk with any […]
Keeping Focus
There’s a book entitled The Invisible Gorilla by Christopher Chabris and Daniel Simons which explains, in part, how our perceptions and decisions can be distorted when our attention is not properly focused on the correct action or event. The authors created a film in which players with white shorts and players with black shorts passed […]
Changing Expectations
As you know, I’m primarily a video poker player, but I have played table games at the Palms often enough that I sometimes get mailers for their table games. For February, they sent me four “First Card is an Ace” coupons — one useable each week. In blackjack, an ace as a first card is […]
Losing $1 Billion at Video Poker — NOT
There’s a scandal involving former San Diego mayor Maureen O’Connor in which it was reported that she lost one billion dollars playing video poker. The U-T San Diego headline reads “How to lose $1 billion in video poker.” The problem is, however, that this never happened. It might be a clever headline designed to sell […]
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