Richard Munchkin and I received the following question for our mailbag show on Gambling with an Edge. I think my complete answer is too involved to answer on the podcast, so I’m going to attempt it here. The question was: Both of you were active APs (I think, anyway) during one of the worst recessions […]
Posts tagged bankroll
When Do You Quit?
At www.gamblingwithanedge.com , in the comments section for a recent blog post of mine, a poker player said he had two stop limits–one for being ahead and on for being behind. (It’s possible he uses the same amount for each. He didn’t say.) He wanted to know if winning video poker players use this system […]
History of Your Bankroll
A player, “Alex,” came to one of my video poker classes and chose to tell me how his bankroll developed. I’m guessing he was 45 years old, although I could be off in either direction. He started by borrowing $100 from a friend, hitting a good hand which allowed him to end the first day […]
If You Weren’t Such a Hypocrite . . .
Periodically I receive a version of the following email: Mr. Dancer: I have read your books and practiced on Video Poker for Winners. I’m a really good player. I live in Las Vegas and can see there are good games to play — except I simply do not have the bankroll to play at the […]
Paying to Avoid Royal Flushes
Assume you are a 5-coin dollar player playing 9/6 Jacks or Better and are dealt 3♠ A♥ K♥ T♥ 5♥. The only two plays to consider are holding three hearts to the royal flush and holding all four hearts. If we check out EV, we find holding three hearts is worth $6.43 and holding four […]
Why Did You Even Ask Me?
My office at home includes a nice chair for reading and sometimes Bonnie will come in and read quietly while I’m working at my computer. It’s not “together-time,” but it’s closer than spending all our time in separate rooms. Such was the case on a recent Saturday when I opened an email from a friend […]
Is it Wrong?
I’m glad my articles are now posted on the GamblingWithAnEdge.com website. That provides a forum and often people take the time to respond to what I’ve said — or to comment on other responses. A while ago somebody posted there, “Is it wrong to see someone drop money and you don’t tell them?” I want […]
Is it Guaranteed?
I recently published an article on quitting when you’re ahead which may be found here. The article referred to a particular $100,000 royal flush I hit at Dotty’s and why circumstances at that establishment led me to quit gambling there for a few months after the jackpot. Some of the follow-up comments about the article […]
Picking Up Free Play
Richard Munchkin received a note from a Gambling with an Edge listener about a subject to talk about. The note referred to a casino where the formerly 8/5 Bonus machines were recently downgraded to 7/5. Part of the note said:
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