AxelWolf
AxelWolf
Joined: Oct 10, 2012
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September 9th, 2019 at 9:35:22 PM permalink
Quote: SOOPOO

Quote: AxelWolf

We're looking for a new team member, someone, fun, interesting, and intelligent? What do you think...

about about asking the Mrs. if she wants to join.
?😊



Geez Axel.... I already set up my ex-wife to help your team, and now you want my new wife as well? It is 'possible" I'll do something with you next time I come to Vegas..... I am unemployed now.....

#GETTHEENTIREFAMILY
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
SingleCoinVP
SingleCoinVP
Joined: Aug 31, 2019
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TomGbeachbumbabs
September 10th, 2019 at 4:18:05 AM permalink
Gambling involves risk or it wouldn't be gambling. Each player must decide how much risk they are willing to accept to hit a jackpot. For me, that number is the amount I can lose and still walk out with a smile. That number stays the same no matter what game I play or how I play it.

In the past, that number was much higher than it is today. When I lost more than $500, it depressed me. I was depressed a lot more than I was happy. I won thousands of dollars. I came home from Biloxi once with $14K in my pocket and three W2-Gs. I framed them and put them on the wall in my office where they remain today.

Some forum members don't like it when I talk about my struggles with losing. Learning to accept losing is a big part of video poker. It affects some players more than others. I have read comments from video poker experts who claim they aren't bothered by losing. Pain is how your body keeps you safe from harm. Turn it off and you accept the consequences both good and bad.

Today, I am at peace with video poker and the casino. I have a good time without the depression that comes with losing. It's all good.
Last edited by: SingleCoinVP on Sep 10, 2019
TinMan
TinMan
Joined: Nov 17, 2009
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September 14th, 2019 at 12:52:32 PM permalink
Currently I’ll go to a casino ~4 times per year. Only when I can get a comped room (Caesar’s properties and Boyd are very generous with rooms for low rollers). Typically based on how I play and what I play, my expected loss is $50-$100/day. For the room and the drinks and the occasional $10-20 free/match play, I think it’s very reasonable entertainment.
bobbartop
bobbartop
Joined: Mar 15, 2016
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September 14th, 2019 at 7:44:04 PM permalink
Quote: SOOPOO

I'd say it has been maybe 6 times a year for 3-5 hours at my local casino. And 1-2 times a year for 3-5 nights in Vegas. Both will likely increase substantially now that I'm retired.




So now that you're retired, now you can go to work.

Enjoy!
Don't believe anything until it is officially denied.
bobbartop
bobbartop
Joined: Mar 15, 2016
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AxelWolfdjtehch34t
September 14th, 2019 at 7:47:55 PM permalink
Quote: SingleCoinVP

For me, that number is the amount I can lose and still walk out with a smile.



Smiling is overrated.
Don't believe anything until it is officially denied.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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September 15th, 2019 at 4:20:42 AM permalink
Quote: bobbartop

So now that you're retired, now you can go to work.

Enjoy!



I won't classify it as work. I may have played with an advantage occasionally, but I'm not an AP.
vegas
vegas
Joined: Apr 27, 2012
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Foragerbobbartop
September 15th, 2019 at 6:15:51 AM permalink
Quote: SingleCoinVP



Some forum members don't like it when I talk about my struggles with losing. Learning to accept losing is a big part of video poker. It affects some players more than others. I have read comments from video poker experts who claim they aren't bothered by losing.




If by experts you mean AP'S they don't worry about losing because daily results do not matter. If they have an advantage they will win over time. Of course they don't win each day so why would they be upset about losing? What happens today means nothing.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
AxelWolf
AxelWolf
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bobbartopRigondeaux
September 15th, 2019 at 12:29:55 PM permalink
Quote: vegas

If by experts you mean AP'S they don't worry about losing because daily results do not matter. If they have an advantage they will win over time. Of course they don't win each day so why would they be upset about losing? What happens today means nothing.

Advantage Players are human beings and have emotions (at least most of them do). Everyone has a different tolerance levels but I don't really know any advantage player that doesn't feel the sting of losing once in awhile.

losing sucks, but Advantage Players are much more tolerant and ambivalent to losing than the average person. They know it's part of the game and they are able to move on without dwelling on it. And I would say for the most part they don't think about the average day-to-day swings they have while playing normal things that are well within their bankroll.

Some Advantage Players are very concerned about the proper bankroll management. Taking a big hit to your bank roll can limit what you can safely play in the future. You never know when something will come up that you should be investing as as much as you can, within reason. Not having that money to invest can seriously cut into your earning potential. There are many times where I regret not investing more on the particular play, but on the flip side, there are times where I was glad I didn't invest more (Especially on sure thing MMA fight tips🤦‍♂️).

For the most part, with a very few exceptions, when it comes to Advantage players who seemed to have almost no fear of losing it hasn't worked out too well for them. And then there are guys who have too much fear of losing. Those guys never seem to advanced the bankroll since they're not willing to get when they should during the juicy plays that come up. No doubt I have over-invested a few times, but for the most part, I admit I'm guilty of under playing my bankroll for the most part.

There are other factors besides the math that come into play when deciding how much to invest in something. One of the main factors I have come across is the potential of not getting paid from the casino during a juicy promotion such as a loss rebate/multi step promotion/some angle that might not go over well with the casino.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
TomG
TomG
Joined: Sep 26, 2010
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September 15th, 2019 at 12:45:43 PM permalink
Quote: SingleCoinVP

This means I play about a quarter millions hands of VP each year.



Quote: SingleCoinVP

Playing single coin quarters can get boring, so I use a simple system to switch to max coins when I'm ahead. This works for me and creates a high variance game inside of a relatively mild game. So far this year, I'm even with the casino.



That means an estimated 198,000 hands so far this year (9.5 ÷ 12 x 250,000). To still be even after that many hands against a 96% game, I think there is a possibility you have discovered a betting system that does overcome the house edge. Can anyone tell us the probability of being even or ahead after 198,000 hands of a 7/5 jacks-or-better video poker game, without changing the bet size. (or possibly 8/5 with a 250-for-1 royal flush payout).
kubikulann
kubikulann
Joined: Jun 28, 2011
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bobbartop
September 15th, 2019 at 1:04:56 PM permalink
Quote: AxelWolf

Advantage Players are much more tolerant and ambivalent to losing than the average person. They know it's part of the game and they are able to move on without dwelling on it. And I would say for the most part they don't think about the average day-to-day swings.

I am not an Advantage Player. Yet my attitude to losses is comparable to what you describe.
Hence, I suggest that it is not a trait of AP as much as it is a trait of ‘rational’ (as opposed to ‘emotional’) players. Losses are going to be compensated by gains, period.
Reperiet qui quaesiverit

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