I read all the time on QOD about how good VP is when you find a game with a good paytable. But one thing that always seems to “stick in my throat.” You play five credits (a total of a $5 bet) on a $1 Jacks or Better machine. You draw a pair of kings and the machine announces you won. But when you made your $5 bet, your credits go down by $5. Now the machines says you won $5, but it only credits you back $5. You're only now even. Where is the profit of $5? The casino cheats you out of your $5. However, If you were playing a table game, you would not only keep the $5 you bet but you could pick up your $5 profit and head somewhere for a cheap cup of coffee. This is the main reason I play very little VP. Your thoughts.
[Editor's Note: Bob Dancer takes this one on.]
You’re right. Video poker payouts are given “for 1,” where your initial bet is replaced by your “winnings,” and blackjack payments are given “to 1,” where your initial bet is left intact and your winnings are paid in addition to keeping your initial bet.
Keep in mind that in blackjack, the wins are all modest in comparison to your initial bet. You get a bonus for natural blackjacks and splitting and doubling are allowed in certain circumstances (where more money must be bet in order to take advantage of these situations), but each of the payouts is a very low multiple of your original bet. There are no 800-for-1 royal flush payouts in this game. (Sometimes side bets are offered where you can get big payouts on rare occurrences. Although some of these are popular, generally speaking, they have very high house advantages.)
With a blackjack matchplay bet, you’re actually being paid 1-for-1 instead of the usual 1-to-1. Some casinos make the bet even worse on matchplays by paying only even money on naturals. Station Casinos used to take your bet on ties on matchplays as well. (I don’t know if they still do that or not.)
Some games have a mixture of the two. In craps, for example, if you bet on the pass line and win, your winnings will be placed alongside your original bet. But on the same crap layout, betting the hard 8 (the 44 rolls before 62, 53, or any 7) can be listed as 9 to 1, but on other crap layouts the same bet is listed as 10 for 1. It’s the same 9.1% sucker bet either way. Out of 36 possible rolls, you have 10 ways to lose and one way to win.
In video poker, since a result of “jacks or better” happens more than 20% of the time, that return can't be 1-to-1; if it were, there wouldn't be enough money left to pay out the other pay-schedule categories, keeping in mind that for a game to last, the casino must make a profit.
But if you make the payout 1-for-1 (which basically means it's a push; you just get your money back), plenty of the pie is left over to give out higher returns for other pay schedule categories.
Receiving 4,000 coins for a royal flush seems to be much more satisfying to players than receiving 50 coins, which is what it would probably end up being if you paid 1-to-1 for jacks or better hands.
There’s just so much of the payout pie. Game designers strive to split it up in new and interesting ways, so players want to play and the casinos can make money. Sometimes the games charge extra coins in order to make a bigger pie to split and sometimes some of the payouts happen only in certain bonus circumstances. There are lots of ways to do it.
|
Kevin Lewis
Jan-22-2022
|
|
Jackie
Jan-22-2022
|
|
Donzack
Jan-22-2022
|
|
Dave_Miller_DJTB
Jan-22-2022
|
|
Lesego
Jan-22-2022
|
|
Jerry Patey
Jan-22-2022
|
|
Bobq
Jan-22-2022
|
|
Don the Dentist
Jan-22-2022
|
|
That Don Guy
Jan-22-2022
|
|
Anthony Curtis
Jan-22-2022
|
|
PackerBackerAZ
Jan-22-2022
|
|
Andyb
Jan-22-2022
|
|
Roy Furukawa
Jan-22-2022
|
|
Ray
Jan-22-2022
|
|
Mark
Jan-24-2022
|