A Mailer to Appreciate – Gambling With An Edge

Putting Bills Into a Machine


I recently wrote that I had hit a $120,000 royal flush at Dotty’s in October. I mused that possibly the plug had been pulled on my welcome as I had hit a number of big jackpots there in the past. Several readers responded that surely my time was up there.

In November, I received no mailer at all. I looked at this as a “possible sign” of the end of my welcome, but not definitive. In October, my mailer was for $1 a week for the first three weeks, and a whopping $2 for the fourth week. I left them uncashed, except for cashing one of them on the one day I went in to play.

The usual pattern at Dotty’s is that your mailers reflect the amount of play and your win/loss for the past four months. My previous big hit there (a $40,000 royal) came on June 23, so I figured I could start playing again on October 24 — which I did, with spectacular results.

Usually when you get the $1, $1, $1, $2 mailer from them, it means it’s your last mailer until you play some more. It’s very likely my play in October was after the cutoff for the November mailer. So, the fact that I didn’t receive any mailer at all didn’t necessarily mean I’d been cut off. 

On November 28, though, I received a $1, $1, $1, $2 mailer for December, not to mention a coupon for a Dotty’s logo holiday coffee mug!

I’m not planning on collecting any of this mailer, but it was very nice to get. It means I’m not cut off. In March, I’ll begin playing again. I’ll play heavily one day in late March (perhaps $100,000 coin-in or so) and wait to see what happens in May. If I’m getting a mailer (which is roughly 0.4% coin-in, except immediately after a royal flush), it’s a decent place to play. Along with their other promotions, even 9/6 Jacks or Better is a positive game. 

I’ll play 9/6 Jacks or Better for $50 per hand. That way, only hitting the royal has the potential of cutting me off. If I’m playing Deuces Bonus for $150 a hand, there are numerous hands which put my welcome in jeopardy. So while the Deuces Bonus is a better game if I could continue to play uninterrupted and still get the mailer, that’s not the way it is at Dotty’s. One jackpot of probably $15,000 or higher brings your mailers down to miniscule amounts for four months. So the 9/6 Jacks or Better game for the smaller amount is actually the better play. I need to play for at least $48 a hand in order to receive W-2Gs for all quads. Cutting back to, say, $5 per hand and not risking ever being cut off would be a losing proposition because a significant amount of the value at Dotty’s comes from the bonuses you get on W-2Gs. I wrote about this more extensively less than a month ago should you be interested. 

I’ll skip playing in April (in addition to giving them no action in December, January, and February). When (if) a decent mailer comes in May, I’ll resume my normal amount of play. If such a mailer does not come, I won’t play there anymore. Without a mailer, the house has the advantage in that game and that’s not for me.

Still, the miniscule mailer I received for December was very encouraging. To me it means I’m not cut off. At least not yet. That may well happen in the future, but so far at least, I’m still in their good graces.

I understand that whether or not I am still welcome at Dotty’s is basically of no concern to any of my readers. Still, how I evaluate and interpret information as I receive it is part of the process that I’m attempting to convey.

twitteryoutubeinstagram





Source link

Managing Your Emotions During the Holidays

Preventing the Link Between Crime & Problem Gambling


The holidays are here and the FCCG would like to wish you and your families the best. For many of us, the holidays can be a difficult, stressful, emotional time. Take a deep breath and know this is typical. We all need to be sensitive to ourselves and to others during this time. This includes the problem gambler, family, friends, and co-workers, since many of us do not fully understand how emotions play out in our daily lives. We may unknowingly feel emotions and not even know why we are feeling, thinking, or behaving as we are.

Holidays may be different than the memories we have as a child. Life can be hard and often change happens without our control. We may have expectations that can never be fulfilled and in turn cause disappointment. One thing we can all practice is managing our emotions, so they do not cause harm to ourselves or to others.  However, to manage our emotions, it is important to first recognize we are behaving in some negative or stressful way, and then take steps to stop the behavior and alleviate the stress caused by it.

Here are some reasons we may have emotions rise to the surface during this time of year: Maybe being alone without family or friends to celebrate with. Possibly the loss of a spouse/partner, home, or job. Grief from guilt or shame caused by past behavior. Sometimes having, not having, spending, or overspending money can be emotionally stressful.

Here are some ways to help alleviate stress:

  • Share how you feel with someone you feel safe and close to
  • For others, open a dialog with someone in a safe space about their emotions after sharing yours
  • Ask for help or attend a self-help support group meeting
  • Pace yourself
  • Know your options and choose the one that is best for you
  • Cry 
  • Remove yourself from a situation
  • Talk yourself through it or journal how you feel

Emotions can take us places we don’t want to go to escape the feelings associated with gambling, drinking, drugging, isolating, and/or arguing with loved ones. Emotions are triggered by our thoughts, so remember, you get to choose how you feel and how to react to any given situation or event.

Try using some grounding techniques. There are 3 ways of grounding:

  1. Mental – Focus on what is going on in your mind and slow it down.
  2. Physical – Focus on your senses like touch, what you see in front of you, and hear around you, and calm your breathing.
  3. Soothing – Talk to yourself in a kind and gentle way, listen to music, or take a hot bath.

If you or someone you know is experiencing difficulties due to gambling, start the journey of recovery today by contacting the free, confidential, multilingual, 24/7 Problem Gambling HelpLine at 888-ADMIT-IT (888-236-4848), texting (321-978-0555), emailing ([email protected]), chatting (gamblinghelp.org), or visiting us on our mobile app or on social media.



Source link

Manejando Tus Emociones Durante Las Vacaciones

Preventing the Link Between Crime & Problem Gambling


Las fiestas han llegado y el FCCG les desea lo mejor a ustedes y a sus familias. Para muchos de nosotros, las festividades pueden ser un momento difícil, estresante y emocional. Respire hondo y sepa que esto es común. Todos necesitamos ser sensibles con nosotros mismos y con los demás en esta temporada. Esto incluye al jugador problemático, la familia, los amigos y los compañeros de trabajo, ya que muchos de nosotros no entendemos completamente cómo se desarrollan las emociones en nuestra vida diaria. Es posible que, sin saberlo, experimentemos emociones y ni siquiera sepamos por qué sentimos, pensamos o nos comportamos como lo estamos haciendo.

Las celebraciones de fin de año pueden ser diferentes de los recuerdos que tenemos de cuando éramos niños. La vida puede ser difícil y con frecuencia los cambios se producen sin nuestro control. Podemos tener expectativas que nunca se pueden cumplir y, a su vez, nos causan decepción. Una cosa que todos podemos practicar es el manejo de nuestras emociones, para que no nos causen daño a nosotros mismos ni a los demás.  Sin embargo, para manejar nuestras emociones, es importante reconocer primero que nos estamos comportando de alguna manera negativa o estresante, y luego tomar medidas para detener el comportamiento y aliviar el estrés que causa.

Aquí hay algunos motivos por los cuales podemos tener emociones que salen a la superficie durante esta época del año: Tal vez estar solos, sin familiares o amigos con quienes celebrar. Posiblemente la pérdida de un cónyuge o pareja, hogar o trabajo. Dolor por una culpa o vergüenza producto de un comportamiento pasado. A veces, tener, no tener, gastar dinero o gastarlo de más pueden ser cosas emocionalmente estresantes.

Éstas son algunas formas de ayudar a aliviar el estrés:

  • Comparta cómo se siente con alguien con quien se sienta seguro y cercano
  • En el caso de otras personas, entable un diálogo con alguien en un espacio seguro sobre sus emociones después de compartir las suyas
  • Pida ayuda o asista a una reunión del grupo de apoyo de autoayuda
  • No se acelere
  • Conozca sus opciones y elija la que sea mejor para usted
  • Llorar 
  • Aléjese de una situación
  • Háblese a usted mismo o escriba lo que siente en un diario

Las emociones pueden llevarnos a lugares a los que no queremos ir para escapar de los sentimientos asociados con las apuestas, la bebida, las drogas, el aislamiento o las discusiones con nuestros seres queridos. Nuestros pensamientos desencadenan las emociones, así que recuerde: puede elegir cómo sentirse y cómo reaccionar ante cualquier situación o acontecimiento dados.

Intente usar algunas técnicas de conexión a tierra. Hay 3 formas de conectarse a tierra:

  1. Mental – Concéntrese en lo que está sucediendo en su mente y disminuya su velocidad.
  2. Físico – Concéntrese en sus sentidos, como el tacto, lo que ve frente a usted, escuche a su alrededor, y calme su respiración.
  3. Calmante – Hable con usted mismo de una manera amable y gentil, escuche música o dese un baño caliente.

Si usted o alguien a quien conoce está experimentando dificultades debido a las apuestas, comience el viaje de recuperación hoy mismo poniéndose en contacto con la línea gratuita, confidencial y multilingüe de ayuda para problemas de apuestas disponible las 24 horas del día, los 7 días de la semana, en el 888-ADMIT-IT (888-236-4848), enviando mensajes de texto (321-978-0555), enviando correos electrónicos ([email protected]), chatenado (gamblinghelp.org) o visitándonos en nuestra aplicación móvil o en las redes sociales.



Source link

Podcast – attorney Bob Nersesian

Podcast - Buddy Frank & G2E 2022


Our guest this week is attorney Bob Nersesian. Bob answers legal questions sent in by our listeners.

We welcome your questions – send them to us at [email protected], or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast – https://www.spreaker.com/user/7418966/ners12082022

Show Notes

[00:00]  Introduction of gambling attorney, Bob Nersesian

[00:30]  Spotify podcast stats for GWAE

[01:56]  Resorts Casino in AC, sovereign immunity.

[04:13]  Online sportsbook misgraded wager

[09:11]  Player asked for SSN for craps buy-in, CTR

[12:50]  Chip verification in Las Vegas after the Young case

[23:43]  Civil forfeiture

[28:45]  Playing unrated after a trespass

[34:42]  Identification requirements and refusals for CTRs, SAR

[45:46]  Commercials

[49:12]  Sports betting TOS, betting by a spouse

[53:01]  Limiting skilled sports bettors

[56:51]  Structuring, exceeding $10k over multiple buy-ins

[59:55]  Recommended:  Jeki Yoo, Season 5 of The Crown, Band of Brothers

Sponsored Links:

http://SouthPointCasino.com

http://BlackjackApprenticeship.com

http://VideoPoker.com/gwae

http://Unabated.com

Recommended:

http://Instagram.com/jekiyoo

http://Netflix.com/title/80025678

http://Hbo.com/band-of-brothers

twitteryoutubeinstagram





Source link

History of Blackjack – Gambling With An Edge

History of Blackjack - Gambling With An Edge


This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.

This is a solid treatment of the debated history of blackjack. I say debated, because I’ve looked into this history, predominantly for my contribution to our book The Art of Gambling Through the Ages, and there are several versions and disagreements. One of the opinions I most trust is that of David Schwartz, who’s referenced in this article, so this is as good a version as you’re likely to find. Sean Chaffin covers the early work done on playing blackjack optimally, including the first basic strategy developed by the “Four Horsemen” (four Army engineers stationed at the Aberdeen Proving Ground in Maryland) and, soon after, the concept of card counting published in Edward O. Thorp’s Beat the Dealer. The article concludes with a mention of playing blackjack online. It should be noted that the casino edge in most online games can’t be overcome; the decks are reshuffled after every hand, thus removing the “dependent-trials” aspect that makes it possible to beat them. Then again, minimums tend to be much lower and those who play casually for entertainment might appreciate not having to push out the $15-per-hand that has become the norm in the Las Vegas casinos.

It’s a seemingly simple game, but blackjack has numerous intricacies and strategies that set it apart. The game is regularly seen as gamblers’ favorite table game and can be found at casinos around the world as well as in numerous online casinos.

Players seem to love the fun vibe at the table and the smooth, quick-paced play. The game offers plenty of action and a decent chance at lowering the house edge with strategic play – and even better for those who can count cards. Along with plenty of fun, the game has a deep history that traces this card game back to the 15th and 16th century.

Many gaming historians believe blackjack probably came from an earlier version of a Spanish game that became known as vingt-un (French for “21”) in England and France. The goal was to accrue 21 points and that game is believed to have derived from the Spanish game veintiuna (Spanish for “21”).

This game was probably being played by the 16th century and is first mentioned in print by famed Spanish author and early gambler Miguel de Cervantes. His short story “Rinconete y Cortadillo” from 1601 features card cheats involved in a game where players hope to achieve 21 points with aces worth 1 or 11 as in today’s modern blackjack.

Click to continue reading

twitteryoutubeinstagram






Source link

Adventure at Railroad Pass – Part 2 of 2

Putting Bills Into a Machine


My play at Railroad Pass had largely stopped. While they still had dollar $1 9/5 Triple Bonus Poker Plus with a 0.75% slot club on Wednesdays, I could only play 400-hands-per-hour on those coin-droppers. I had earlier played dollar 8/5 Bonus Poker Wheel Poker (99.59%), which was much more lucrative because it required $30 per hand to fully load. This was worth more, and was a lot more fun to play.

When that game was pulled, I pretty much retired from Railroad Pass, except for playing enough to keep my account active (at least one point every six months) so that my comp dollars didn’t evaporate.

And then I received a post card offering 10x points for 24 hours, starting on a Sunday midnight, a few weeks after I received the card. To check things out, I went in for a comped meal, played enough to verify that single points were still worth 0.25%, and that they had still had $1 7/5 Bonus Poker Wheel Poker. That game, worth 98.7%, before the slot club, became worth 101.2% — for a game I could average about $25,000 coin-in per hour. This multiplies out to $300 per hour — for as many hours as I could alertly play in 24 hours. There were eight machines, and they received relatively little play, so I wasn’t too concerned about having a back-up machine or two while waiting to be paid for a jackpot — of which I expected many.

I had the strategy for the 8/5 version of the game, and it didn’t take too long to figure out the 7/5 strategy — which was similar but not identical. The more strategies you figure out, the easier it is to figure out the next one. While this wasn’t that tough for me, it was a necessary part of my get-ready that I didn’t neglect.

I also reviewed the TBPP strategy, because even at only $2,000 coin-in per hour, this became a $46-per-hour opportunity when you add a 2.5% slot club. It seemed obvious to me that a $300-per-hour game in the players’ favor was a casino mistake. It would be a mistake for a large casino. But Railroad Pass is fairly small. If the slot director woke up before the event and figured out that he didn’t want a $300-per-hour liability and removed the game, I had a Plan B. Still, I hadn’t touched those machines since they were downgraded, so maybe they weren’t on his radar. Plus, if he were that good, he wouldn’t be working at Railroad Pass anyway. No offense, but being a slot director is a job that requires considerable skill, and the bigger places pay more to get skillful employees.

To create TITO tickets, I took an extra two trips to that casino at different times of the day, so my actions wouldn’t be seen by the same employees. The game I’d be playing generated a lot of W-2Gs, and I’d be paid in cash. When my time is worth $300-per-hour, I didn’t want to waste it inserting bunches of hundred-dollar bills into a bill acceptor. Plus starting with exactly $40,000 in tickets (or any other number), makes figuring out my win or loss at the end of the day easier. If I had pockets full of Benjamins, it would have been harder to know how much I started with.

I also reserved a room there beginning Sunday afternoon, checking out Tuesday. I wasn’t going to be playing 24 hours straight, but playing for ten, napping for four, and playing another ten was feasible if I could manage my schedule to be fully rested at midnight when the promotion started. And then if I needed it, I could rest upstairs before driving home. 

Since we only lived 10 minutes away, it was a fairly close call as to whether or not to get a room. Sleeping in my own bed would give me better sleep than sleeping in a strange hotel bed. Still, there are a lot more distractions at home. So, I decided to avoid those distractions and stay at the casino. I left my computer at home. Plenty of potential distractions there. I did bring a book to read, in case, but expected to be too exhausted to read it.

I stayed up all Saturday night and Sunday morning. I checked into the hotel a little after noon, reviewed my strategy one more time, and went to sleep, setting the alarm for 11:00 p.m. After waking, I needed to eat before I played. While I can go a long time without eating when necessary, a long play burns some energy and better to have my tanks topped.

Before I ate, I verified the wheel poker machines were still there. They were. While the coffee shop isn’t the highest quality, it was the only place open on the property at that hour and had enough acceptable options. I reviewed the strategy over dinner (which didn’t take long — I knew it cold) and read my book.

At 12:05 a.m. I started to play. The player tracking system registered multiplied points. My first hand ($30) displayed 300 slot club points. That was the right number. Time to start pounding. The first quad came around in eight minutes. I spun the wheel and landed on $2,000! This was going to be a sweet promotion!

Well, maybe. 

After two hours, I was behind $3,000. I had hit a number of quads, but not enough. You’re supposed to hit one on average every 417 hands or so, and I was probably averaging one in 600. After my first big wheel spin, the wheel was averaging 250 rather than 428.  I was paying $6 per line and not receiving enough bonus on the quads to make up for that extra $1 per hand, so I was going downhill. The next two hours were better. I recouped the $3,000 and was up a little, thanks to a royal flush.

I had some good hours, got ahead several thousand dollars, and then my score fell. While my scores were bigger than those experienced my many of my readers, we’ve all been through these kinds of ups and downs. This was all happening between Sunday midnight and the start of the business day on Monday. It could easily happen that the slot director and general manager would come in, see what was happening, and change things. They could shut down the games, end the promotion, or disqualify me from further play. Probably they had other options as well.

By 10 a.m., I was ready for my scheduled break. I was ahead $2,000. I hoped conditions would be the same after my nap. I rested until 2:30 p.m., ate a quick lunch, and got back at the machines about 3:15. It probably would have been smarter to pack a lunch to gain another half-hour of play, but that didn’t occur to me until after the promotion.

The machines were as I left them. Same pay schedules. All available. Soon after I got back, I was dealt four deuces. This was worth $2,000 off the top, plus I had five spins — which added another $1,500 or so.

Instead of being paid by a slot floor person, however, this time the slot director herself came out and introduced herself. My supposition that the slot director was male turned out to be wrong. Most slot directors are male, but not all, and clearly not this one. I figured this was the end of the line and she would tell me the promotion was over, at least for me.

I figured wrong. She congratulated me on jackpot and actually encouraged me to “do it again!” I told her I’d try, but I wasn’t very good at getting dealt four-of-a-kinds to show up on my machine when I wanted them to. She smiled at my “joke.” She told me that only their top 50 players coin-in-wise over the past year got this offer, and one was disqualified because he had six people all playing on his card at the same time. But so long as everybody else kept playing by the rules, they were planning to ride the promotion out until it’s normal expiration at midnight.

I thought this was a classy move on their part. Nobody was playing more money through the machines than I was, and I didn’t end up making money. My score from then until midnight went downhill sharply. It seemed like they tightened a screw inside the machines — but I know that’s not possible. The machines were dealing fairly. But the quads took a vacation for several hours. We’ve all been there.

At the end of the day, after collecting the considerable cash back I earned that day, I had lost $3,500 — offset by about the same amount of future comps. I did receive nice mailers for a few months afterwards, but those eventually dried up as I didn’t continue to play much.

Before the play started, I figured it was worth almost $6,000 in cash plus more than $3,000 in comps plus another $500 or more in mailers. The last two parts of my prediction came true, but the actual cash came up short by almost ten grand. 

It was a disappointing result for such a lucrative once-in-a-lifetime promotion. Not a disaster, by any means, but disappointing none-the-less. Still, looking back, there’s nothing I would have done differently, other than maybe pack a lunch for Monday afternoon. I identified the best machines to play. Learned the strategy perfectly. Managed my sleep so I could play the maximum number of hours. What more could I do? So long as I continue to play promotions that way, I like my chances of continuing to prosper.

Eventually my comps dried up — with the final amount being spent at Bonnie’s and my 15-person night-before-the-wedding dinner for our bridal party in 2014. She had been there several times during our courtship, liked one waitress particularly, and thought it would be the perfect venue. It had been almost a decade since the promotion. After that, I still came in periodically to eat and to play enough to keep my comps active, but not more than that.

In 2014, the dollar 7-5 Bonus Poker Wheel Poker machines were still there, not that I’d want to play them under normal circumstances. I haven’t been back since.

twitteryoutubeinstagram





Source link

Podcast – Russell Fox 12/1/22

Podcast - Buddy Frank & G2E 2022


Our guest this week is tax expert Russell Fox on to talk about what gamblers can do before the end of the year to help with their taxes.

We welcome your questions – send them to us at [email protected], or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

podcast – https://www.spreaker.com/user/7418966/fox12012022

Show Notes

[00:00]  Introduction of gambling tax professional, Russel Fox

[00:42]  Form 1099-K

[03:59]  Gambling winnings as a U.K. resident

[08:39]  Sports betting partnerships

[09:42]  Can gambling losses be carried over to future years?

[10:46]  Session recording for sports betting, related transactions

[15:10]  Reporting income earned by family members

[17:30]  Can an EIN be used for W2G’s?

[18:28]  W2Gs for online table games play, session accounting

[20:40]  State taxes on phantom gambling income, deductions

[21:52]  Gambling logs, audits

[26:17]  Horse racing W2G’s, 300x rule

[28:09]  Incorrect SSN on W2G

[29:32]  Sessions at different casinos

[30:40]  U.K. and US tax treaty for slot jackpots, lotteries

[32:50]  Nevada taxes on sports betting

[35:32]  Commercials

[38:50]  Tax on futures wagers

[39:50]  Combined gambling records when filing jointly, community property states

[41:35]  Form 5754, issuing 1099s

[44:57]  Good and bad states for gambling

[48:03]  Gambling wins and losses as part of a diversified portfolio

[48:53]  Withholding on W2G

[50:01]  Recommended:  James Fridman, ProHealth Longevity NMN Pro Complete, Blood and Iron by Katja Hoyer

Sponsored Links:

http://SouthPointCasino.com

http://BlackjackApprenticeship.com

http://VideoPoker.com/gwae

http://Unabated.com

Recommended:

http://Jamesfridman.com

http://Prohealth.com/pages/uthever-nmn

Blood and Iron by Katja Hoyer – https://amzn.to/3izxVSk

Park v Commissioner – https://www.govinfo.gov/app/details/USCOURTS-caDC-12-01058/USCOURTS-caDC-12-01058-0

twitteryoutubeinstagram





Source link

Adventure at Railroad Pass – Part 1 of 2

Putting Bills Into a Machine


Railroad Pass was built some 90 years ago. Insofar as Las Vegas casinos go, that’s ancient. Railroad Pass isn’t actually in Las Vegas, of course. It’s in Henderson, almost to Boulder City. At the time this story happened, almost 20 years ago, they actually had a traffic signal in the middle of the 95 freeway to get into the place. In addition, it was owned by the MGM – Mirage corporation, although totally separate from that players club. Today that signal is gone, and MGM no longer owns a piece of the Pass.

A lot of the machines were coin-droppers. With a 0.25% slot club, I favored dollar 9/5 Triple Bonus Poker Plus (99.80%) on Wednesdays, which was 3x point day. I couldn’t get many dollars per hour through the machine. When credits on the machine exceeded 400, dollar coins fell into the hopper. Quad 2s, 3s, and 4s ($600) were a hand pay, as were four aces ($1,199). It was about a $20-per-hour play, but they had mailers and comps which added considerably.

In addition to using them for hotel rooms I didn’t need, comps could be spent at the coffee shop (not very impressive), buffet (dreadful), and the gourmet room (surprisingly good). I was married to Shirley at the time, we lived less than ten miles from Railroad Pass, and I could get food to go. I’d get two meal comps for however many comp dollars it cost, possibly 40 each, I don’t remember for sure, which usually included soup and salad. I’d eat both salads, both soups, possibly one lump crab cakes appetizer, and take everything else home. 

Their desserts were outrageously big — perhaps one-fourth of a 10-inch round six-layer chocolate cake per serving — and those were included in the fixed price. Although I wasn’t as strict dietarily as I am today, I was usually smart enough to leave those behind. We liked a taste of that kind of thing occasionally, but one bite was normally enough.

One day I discovered they had dollar five-play 8-5 Bonus Wheel Poker. They had had it for a while, but this was not a game I knew about so it was off my radar. This is a 99.59% game, not nearly as high of a payout percentage-wise as the 99.80% return on TBPP, but this was a $30 per-hand game instead of the $5 per-hand TBPP. When you have a 0.75% slot club on Wednesdays, (plus comps to the gourmet room plus mailers), this was a much better play. 

Wheel Poker gives you a wheel spin every time you received a natural quad. Playing for dollars, you were guaranteed $100 per spin, but 1-out-of-51 times you received $2,000. Most of the spins were in the $200-$500 range, but there were some higher and lower. They averaged $428 per spin. On a dealt quad, you’d get five spins. W-2Gs were common. You “paid for” these spins by betting six coins per line rather than five.

I had to develop my own strategy. Not too difficult. I used WinPoker and added 428 to each of the quad values. That is, four aces were now worth 828, four 2s-4s were worth 628, and the other ones were worth 553. Once I had changed these numbers on my software, I checked the hands that could change — perhaps from AAA44 you only hold the aces? — or from KQJTT, hold the tens instead of KQJT? — or maybe from a 4-flush versus a pair of 3s, do I hold the 3s or the 4-flush?

Once I made my choices, I used the wizardofodds.com strategy calculator to verify my analysis. While the WOO gives you a good strategy quickly, I like to figure this out myself. If I’m going to play this game for many, many hours (which was my plan), I need to wallow in the strategy to master it.

This casino didn’t attract too many strong players. I was basically the only one who was hammering these machines on Wednesdays. Playing multiple hundreds of thousands of dollars coin-in per month, I may have been the biggest player there. 

I ran a little worse than average, until I was dealt a $20,000 royal — which put me considerably ahead. The next week, the machines were downgraded to 7-5 Bonus Wheel Poker (98.7%). Even with a 0.75% slot club one day a week, plus mailers and comps, this was no longer attractive.

I still had $7,000 in comp dollars. At $40 in comp dollars per meal in the gourmet room, that’s a lot of food. I checked the rules and so long as I earned at least one point every six months, it kept the comp dollars active.

My plan was to coast out the comps. I’d play the dollar TBPP enough so my account stayed active. I’d bring food home every two or three weeks. We had comps at other places as well, and no matter how good the food is, we wanted some variety.

This all changed when I received the post card. I’ll tell you about it next week.

twitteryoutubeinstagram





Source link

Podcast – Tales From The Felt

Podcast - Buddy Frank & G2E 2022


 Our guests this week are Colin Jones, and David Drury.  We talk about a new book they produced called “Tales From The Felt,” which is a collection of 21 true stories from 21 different professional blackjack players. 

We welcome your questions – send them to us at [email protected], or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.

Podcast – https://www.spreaker.com/user/7418966/tftfelt

Show Notes

[00:00]  Introduction of Colin Jones and David Drury, authors of Tales from the Felt

[00:40]  A listener thanks GWAE

[02:43]  The idea for Tales from the Felt

[04:24]  Selecting stories, favorite stories

[10:33]  Deadlines, editing, managing authors

[13:07]  Were there any authors that weren’t able to contribute?

[17:13]  Is the book currently available?

[18:55]  Book proceeds benefit the Blackjack Hall of Fame 501(c)(3)

[20:08]  How to order the book, bonus content

[23:05]  Commercials

[27:25]  Seven Tonys, The Mansplainer, and showing the humanity of AP

[34:03]  How did Richard choose his story?

[36:08]  David’s riverboat story

[38:31]  When will book orders start shipping?

[39:24]  The Gift of the Magi by Darryl Purpose, Harlan Coben’s Myron Bolitar Series, Moneyball by Michael Lewis, Friends of the Children nonprofit, Swatch Watch

Sponsored Links:

Link to Buy Tales From the Felt by Colin Jones and David Drury

Recommended:

twitteryoutubeinstagram





Source link

Dazed and Confused – Gambling With An Edge

Putting Bills Into a Machine


I recently received this email — slightly shortened and lightly edited:

Just got back from my first trip to Mohegan Sun in Connecticut and Foxwoods. 

Game:  9/7 Double Bonus.  $1 denomination.  Five credits at a time.  

Results: 

Day 1:  +$1,400.00.  Mohegan Sun.

Day 2:  -$2,000.00 Foxwoods.  (Only hit one four-of-a-kind in 4 hours of play).

              -$400.00 Mohegan.   

Tally:  $-1,000.00  – I would estimate around 7-8 hours of continuous play.

Question:  I was absolutely frigid ice cold at Foxwoods.  I tried moving machines 5 or 6 times.  They all ended up being pretty much the same, which is not usually the case for me.  Usually, I can jump on another one and at least initially, start doing better which sometimes leads to positive momentum and other times not.

I probably answered my own question here, but I was just curious what you do during a long session of +4 hours or more when you’re on the losing end of the variance.  Do you continuously play on the same machine from the beginning of your session or switch?

Looking back of course hindsight being 20/20, the only thing different I would have done to protect my winnings from Day 1 a little better would have been to decrease my denomination somewhat perhaps to 50c.  I honestly didn’t expect to take such an incredible beating after such a great Day 1, wasn’t even on my radar.  Perhaps I wasn’t prepared, but on the other hand I still feel I played well.  Nonetheless, I’m disappointed.

My first thought when I read this was, “No big deal. Welcome to dollar double bonus. Happens all the time.”

While I’ve never played a game as tight as 9/7 DB (99.1%) for such an extended period, unless there was an unusually good promotion along with it, I’ve had several hundred sessions of dollar 10/7 (100.2%) for similar time periods. Assuming we’re talking about $30,000 coin-in, the average loss for 9/7 is about $250 (for 10/7 it’s about $50 to the good), but a loss of $1,000 or even $2,000 is fairly commonplace.

There will be occasional sessions where you hit a royal, or multiple sets of good quads ($400 or $800) and have nice little wins. But barring those hands, you’ll often lose. That’s just how the game goes.

My guess is that the person who emailed me is either new to double bonus, or new to playing at dollars. (He will learn over time that a $2,000 loss is hardly an “incredible beating.”) There was a sort of “sticker shock” at the negative swings this time, but those will go away over time. You get used to them. I’m not sure why he was playing such a negative game for so many hours, but some players do that.

He says he likes to switch machines when things are going bad, and that this strategy has worked for him in the past. Basically, that doesn’t work. Sometimes it works, of course, and sometimes staying on the same machine turns things around as well. You can’t do both at the same time. Pick one. The fact that it did or didn’t work on one specific time had nothing to do with the “machine-switching.” It was simply a result that the 500 (say) hands you played after such and such a time had a different result than the 500 hands you played previously. This was going to be true whether you switched machines or not.

He also says that hindsight is 20/20. This, of course, is nonsense. At best, he’ll remember what happened “this time.” But “this time” is just one data point. Sometimes things will turn around after a slow start. Sometimes they won’t. Remembering one of the times they did, or didn’t, won’t tell you anything about what’s going to happen next time.

Over time, when you have dozens or hundreds of such data points, you begin to get a feel for the range of things that can happen. If your memory can keep all that straight (or you write your scores down and review them periodically), you begin to achieve wisdom. But remembering what happened during one session? Worthless.

twitteryoutubeinstagram





Source link

Tag

Random Posts