{"id":122798,"date":"2022-08-30T09:28:11","date_gmt":"2022-08-30T16:28:11","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/?p=122798"},"modified":"2022-08-30T09:28:17","modified_gmt":"2022-08-30T16:28:17","slug":"doing-it-bob-dancers-way-can-lead-to-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/doing-it-bob-dancers-way-can-lead-to-bankruptcy\/","title":{"rendered":"\u201cDoing it Bob Dancer\u2019s Way Can Lead to Bankruptcy\u201d"},"content":{"rendered":"\n<p>My son-in-law, or perhaps a more correct term is step-son-in-law, Michael, passed away recently after a long illness. Michael was married to Bonnie\u2019s daughter Joyce. He was more than 20 years older than Joyce, and in fact was a few months older than me.<\/p>\n\n\n\n<p>After a somewhat rocky start, where Joyce and Michael were initially opposed to Bonnie marrying a professional gambler and did their best to sabotage the wedding. Over time we all got to know each other well and became friends.&nbsp;<\/p>\n\n\n\n<p>Before he retired, Michael was a high-ranking Civil Service executive for the Nevada state government and worked in Carson City &#8212; which is south of Reno and near Lake Tahoe. Bonnie and I would take extended trips to Harrah\u2019s Lake Tahoe and in addition to the gambling we would find time every trip to visit with Joyce and Michael.<\/p>\n\n\n\n<p>Michael liked to play video poker but wasn\u2019t very good at it. During one trip, I believe it was nine years ago, I scouted all the casinos in Carson City and Dayton, the suburb where they actually lived at the time, in search of the best video poker for him. At the time, the games I believed were best for him to play were found at Bodie\u2019s, Carson Nugget, Casino Fandango, and Dotty\u2019s. Each of those casinos has changed their inventories and promotions, and these may or may not be the best places to play in that area today.<\/p>\n\n\n\n<p>The single best game I recommended in the dollar denomination was NSU Deuces Wild, the 16-10-4-4-3 game that was worth 99.73%. Dotty\u2019s in particular had that game (no more), and I explained to Michael how to get the most out of Dotty\u2019s slot club and promotions. I gave him a <em>Winner\u2019s Guide<\/em> for that game along with a copy of the software, <em>Video Poker for Winners.<\/em><\/p>\n\n\n\n<p><em><\/em>Since Michael\u2019s work brought him to Las Vegas regularly, I let him know the schedule when I was teaching classes. I suggested he sit in on the beginner and intermediate NSU classes. If he aced those classes, perhaps sit in on the advanced class as well. People learn differently from taking a class than just reading a <em>Winner\u2019s Guide. <\/em>He never found the time to attend one of my classes, or perhaps he just wasn\u2019t interested, and he didn\u2019t want a one-on-one class during one of our visits to Lake Tahoe.<\/p>\n\n\n\n<p><em><\/em>Michael didn\u2019t do well gambling, even with his newfound knowledge. He probably read the book at least once and practiced a few hours on the computer, but then basically stopped studying. Whatever information he obtained from that brief study lasted him the rest of his life.&nbsp;<\/p>\n\n\n\n<p>Michael settled for playing the 16-13-4-3-2 version of Deuces Wild that he found in a 15-machine bar about a mile from his home. This game is 3% tighter than NSU, and there are a number of very common hands that are played differently between the two games. One is 7\u2660 <span class=\"has-inline-color has-vivid-red-color\">7\u2665<\/span> 3\u2663<span class=\"has-inline-color has-vivid-red-color\"> 3\u2666<\/span> K\u2660, where it\u2019s correct to hold two pair in NSU and one pair, either pair, in the 16-13 game. Another is <span class=\"has-inline-color has-vivid-red-color\">A\u2665 J\u2665 8\u2665 4\u2665<\/span> 4\u2663, where it is correct to hold the hearts in NSU and the pair of fours in the other game.\u00a0<\/p>\n\n\n\n<p>How Michael actually played these hands, I\u2019m not sure. I do know he lost a consider amount. He certainly could have adjusted the computer software to the pay schedule he was actually playing (or asked me show him how to do it if it wasn\u2019t obvious to him), but even practicing a 96.76% game on the computer is not going to yield very good results.<\/p>\n\n\n\n<p>Somewhere along the way, a frustrated Michael told his wife, \u201cDoing it Bob Dancer\u2019s Way Can Lead to Bankruptcy.\u201d That was repeated by Joyce to Bonnie, and then repeated to me. I was forbidden from letting him know I had heard what he said.&nbsp;<\/p>\n\n\n\n<p>In general, I believe in the bromide, \u201cDon\u2019t speak ill of the dead,\u201d but in this case I wasn\u2019t allowed (assuming I wanted my marriage to work well) to say anything about this before Michael died and there\u2019s an important teaching moment here.<\/p>\n\n\n\n<p>In my classes and writings, I repeatedly urge players to only play when they have the advantage if they want to win. Michael\u2019s play violated this underlying premise &#8212; with predictable results. Michael may have thought he was doing it Bob Dancer\u2019s way, but playing the game he was playing with the skill level he had was nowhere near a situation I would recommend. Although I did tell him this a few times, I wasn\u2019t a nag about it. He has his own money and can do as he pleases.<\/p>\n\n\n\n<p>Although Michael blew many tens of thousands of dollars to gambling, possibly hundreds of thousands, he didn\u2019t bankrupt the family. Joyce doesn\u2019t have as much as she might have had Michael gambled intelligently, but she\u2019s all right financially. And there\u2019s no chance Bonnie and I will let her starve even if she does struggle.<\/p>\n\n\n\n<p>Although Michael and I were friends at the end, this one statement he made stuck in my craw and so I wanted to say something about it. So I did.<\/p>\n\n\n\n<p>Technically, however, Michael\u2019s statement was accurate. All gambling involves risk. It is possible to do everything correctly and still go broke. Not likely. But possible. There are no guarantees I can make that a particular player will succeed.&nbsp;<\/p>\n\n\n\n<p>If you\u2019re playing with an advantage for small stakes relative to your bankroll, you\u2019re most likely going to end up coming out ahead. But any deviation including playing games where no player has an advantage, playing when the slot club and promotions aren\u2019t at their most generous, or playing with a skill level that is far less than perfect, can lead to very poor results indeed. Not always. But usually.<\/p>\n<a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-facebook nolightbox\" data-provider=\"facebook\" target=\"_blank\" rel=\"nofollow\" title=\"Follow us on Facebook\" href=\"https:\/\/www.facebook.com\/lasvegasadvisor\" style=\"font-size: 0px; width:48px;height:48px;margin:0;margin-bottom:5px;margin-right:5px;\"><img alt=\"Facebook\" title=\"Follow us on Facebook\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline; width:48px;height:48px; margin: 0; padding: 0; border: none; box-shadow: none;\" src=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/facebook.png\" \/><\/a><a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-twitter nolightbox\" data-provider=\"twitter\" target=\"_blank\" rel=\"nofollow\" title=\"Follow us on Twitter\" href=\"https:\/\/twitter.com\/LVA_Tweet\" style=\"font-size: 0px; width:48px;height:48px;margin:0;margin-bottom:5px;margin-right:5px;\"><img alt=\"twitter\" title=\"Follow us on Twitter\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline; width:48px;height:48px; margin: 0; padding: 0; border: none; box-shadow: none;\" src=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/twitter.png\" \/><\/a><a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-youtube nolightbox\" data-provider=\"youtube\" target=\"_blank\" rel=\"nofollow\" title=\"Find us on YouTube\" href=\"https:\/\/www.youtube.com\/c\/LasVegasAdvisorSHOW\" style=\"font-size: 0px; width:48px;height:48px;margin:0;margin-bottom:5px;margin-right:5px;\"><img alt=\"youtube\" title=\"Find us on YouTube\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline; width:48px;height:48px; margin: 0; padding: 0; border: none; box-shadow: none;\" src=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/youtube.png\" \/><\/a><a class=\"synved-social-button synved-social-button-follow synved-social-size-48 synved-social-resolution-single synved-social-provider-instagram nolightbox\" data-provider=\"instagram\" target=\"_blank\" rel=\"nofollow\" title=\"Check out our instagram feed\" href=\"https:\/\/www.instagram.com\/lasvegasadvisor\" style=\"font-size: 0px; width:48px;height:48px;margin:0;margin-bottom:5px;\"><img alt=\"instagram\" title=\"Check out our instagram feed\" class=\"synved-share-image synved-social-image synved-social-image-follow\" width=\"48\" height=\"48\" style=\"display: inline; width:48px;height:48px; margin: 0; padding: 0; border: none; box-shadow: none;\" src=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/instagram.png\" \/><\/a>","protected":false},"excerpt":{"rendered":"<p>My son-in-law, or perhaps a more correct term is step-son-in-law, Michael, passed away recently after a long illness. Michael was married to Bonnie\u2019s daughter Joyce. He was more than 20 years older than Joyce, and in fact was a few months older than me. After a somewhat rocky start, where Joyce and Michael were initially [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"\u201cDoing it Bob Dancer\u2019s Way Can Lead to Bankruptcy\u201d by Bob Dancer","jetpack_is_tweetstorm":false},"categories":[29,2,3],"tags":[428,507,196],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u201cDoing it Bob Dancer\u2019s Way Can Lead to Bankruptcy\u201d - Gambling With An Edge<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/doing-it-bob-dancers-way-can-lead-to-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cDoing it Bob Dancer\u2019s Way Can Lead to Bankruptcy\u201d - Gambling With An Edge\" \/>\n<meta property=\"og:description\" content=\"My son-in-law, or perhaps a more correct term is step-son-in-law, Michael, passed away recently after a long illness. 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