Hi, would appreciate your advice on this, or if you could point me to some information. I recently started playing full-pay pick 'em in dollars. I play on multiple point days to maximize the E.V. My question is, what bankroll do you think is necessary to avoid a greater than XX% risk of ruin? I hit some pretty bad swings lately and am thinking of switching to a lower denomination. On the other hand, shouuld I stick with dollars and wait for the eventual swing back?
Thanks for your help,
Ted
Bankroll needed for full-pay Pick 'Em?
I don't know what the exact bankroll would be to best avoid the risk of ruin factor, but I do know that doubling your money is a very hard task to accomplish.
I personnally only put in enough credits for a quad and play until I either hit a quad and get ahead, or lose my money. That would be $600 for the dollar machine, or $150 for the quarter one. Maybe it's not a smart strategy, but it has worked for me over the years.
Terrence "VP Pappy" Murphy
PS: I have hit five Pick'Em royals (one dollar and 4 quarter) over the years playing the game. I've probably play a couple million hands.
"If compulsive gambling is an illness, then why in hell do I feel so good when I win?" --VP Pappy
Here's a site that has a good article on the subject:
http://www.gamemasteronline.com/Archive/VideoPoker/VideoPokerPrimer3.shtml
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--- In vpFREE_Canada@yahoogroups.com, "shloemoejs99" <shloemoejs99@...> wrote:
Hi, would appreciate your advice on this, or if you could point me to some information. I recently started playing full-pay pick 'em in dollars. I play on multiple point days to maximize the E.V. My question is, what bankroll do you think is necessary to avoid a greater than XX% risk of ruin? I hit some pretty bad swings lately and am thinking of switching to a lower denomination. On the other hand, shouuld I stick with dollars and wait for the eventual swing back?
Thanks for your help,
Ted
My question is, what bankroll do you think is necessary to avoid a greater than XX% risk of ruin?
If you are playing about 600 hands an hour for 6 hours, you need a daily bankroll of about 1800 to have a 4% risk of ruin. This is from Dunbar's Risk Analyzer for Video Poker. I would suggest you buy it if you are going to play at $1. Well worth the small investment.
By the way, my actual experience has been close to this. I actually take $2000 as my dsily trip bankroll and went through the whole amount on my last day trip. 
A word of caution. If your cashback and mailed offers are equal to 1/2%, a bankroll of $17650 still means you have a 10% risk of ruin. I try to only play if my mailed offers and cashback are 1%. That still means I need a bankroll of over $10,000 to have a 5% risk of ruin.
When I first started playing PE, I had no idea you needed this much bankroll to play the game long term.
KLS
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--- In vpFREE_Canada@yahoogroups.com, "shloemoejs99" <shloemoejs99@...> wrote:
True story. Just came back a week ago from a vaacation in Las Vegas,Lake Tahoe and Reno. On our drive back from Tahoe to Reno, my friend and I stopped in Carson City at the Nugget Casino which is on Carson's main street, just to take a look and have a coffee. Surprisingly, I came upon a bank of three $1.00 FP Pick'em poker machines. As I was explaining to my friend how I haven't seen FP PE in years anywhere in Nevada, I put a $20.00 bill in,pushed max coins and was dealt three threes. Pulled a 4th one for $600.00. Laughing and stunned, I played again and drew two sixes. Kept them and drew two more. Ten minutes later I cashed out $1160.00. No TITO. It had to be a handpay as the attendant told me they were unable to convert these old machines to TITO. I left Carson City a very happy man!
KLS ~~
Thanks for the advice. My situation is not quite as extreme as yours yet. Took $500 on my last trip and lost it all in 1 1/2 hours. I will throw another $500 at it to try and get back to even and then I will be done. My cashback is only 1/2% so I can't afford that kind of risk of ruin. I will step down to $.50 machines.
And yes, I also had no idea you needed this kind of bankroll. Wish I had studied more beforehand -- could prove to be a costly mistake.
Ted
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--- In vpFREE_Canada@yahoogroups.com, "kls6792" <klsechler@...> wrote:
--- In vpFREE_Canada@yahoogroups.com, "shloemoejs99" <shloemoejs99@> wrote:
My question is, what bankroll do you think is necessary to avoid a greater than XX% risk of ruin?If you are playing about 600 hands an hour for 6 hours, you need a daily bankroll of about 1800 to have a 4% risk of ruin. This is from Dunbar's Risk Analyzer for Video Poker. I would suggest you buy it if you are going to play at $1. Well worth the small investment.
By the way, my actual experience has been close to this. I actually take $2000 as my dsily trip bankroll and went through the whole amount on my last day trip.
A word of caution. If your cashback and mailed offers are equal to 1/2%, a bankroll of $17650 still means you have a 10% risk of ruin. I try to only play if my mailed offers and cashback are 1%. That still means I need a bankroll of over $10,000 to have a 5% risk of ruin.
When I first started playing PE, I had no idea you needed this much bankroll to play the game long term.
KLS
Pappy~~ I like your system. I think I will try it next time. It imits your losses so you don't feel too crummy after a session. I wonder how much time on average you get out of $600 play.
I play dollars exclusively. I would say I have played close to three thousand hands by now. I have yet to hit quads. I know, cry me a river ... just gotta be patient.
Ted
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--- In vpFREE_Canada@yahoogroups.com, "Terrence Murphy" <tismurph@...> wrote:
I don't know what the exact bankroll would be to best avoid the risk of ruin factor, but I do know that doubling your money is a very hard task to accomplish.
I personnally only put in enough credits for a quad and play until I either hit a quad and get ahead, or lose my money. That would be $600 for the dollar machine, or $150 for the quarter one. Maybe it's not a smart strategy, but it has worked for me over the years.Terrence "VP Pappy" Murphy
PS: I have hit five Pick'Em royals (one dollar and 4 quarter) over the years playing the game. I've probably play a couple million hands.
"If compulsive gambling is an illness, then why in hell do I feel so good when I win?" --VP Pappy
Here's a site that has a good article on the subject:
http://www.gamemasteronline.com/Archive/VideoPoker/VideoPokerPrimer3.shtml
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--- In vpFREE_Canada@yahoogroups.com, "shloemoejs99" <shloemoejs99@> wrote:
>
> Hi, would appreciate your advice on this, or if you could point me to some information. I recently started playing full-pay pick 'em in dollars. I play on multiple point days to maximize the E.V. My question is, what bankroll do you think is necessary to avoid a greater than XX% risk of ruin? I hit some pretty bad swings lately and am thinking of switching to a lower denomination. On the other hand, shouuld I stick with dollars and wait for the eventual swing back?
> Thanks for your help,
> Ted
>
Shloemoe,
Hang in there, playing Pick'Em. You are due to hit a quad soon, although I have gone as long 8,000 hands or so before I've hit one. My personal record for winnings is seven quads and one straight flush in one session before I cashed out (quarters). Playing dollars, I've won as much as slightly over $8,000, (including a royal) and have lost $2,000, my old max loss limit playing dollars.
Unless you have terrible luck, you can usually play for a couple of hours on 600 credits, although I once went through 600 credits in about 20 minutes, but that is very rare.
I usually play up or down to the next hundred credit and cash out when I get a quad.
I used to play at Windsor, (they still have dollars) Windsor Raceway, Hiawatha Racetrack and Point Edwards in Sarnia, but they all pulled the full pay Pick'Em out and I quit playing in Canada. I now play in Detroit, but MGM is the only one left with full-pay. Gteektown just changed all theirs to the low-pay ones (the greedy rats.
The problem with playing Pick'Em at MGM is that the game is on the new HD GAMEMAKERS. The buttons are different sizes and shapes, the cards are larger and brighter, and the two choice cards flash on and off alternately. My eyes get tired, my brain seems to get confused and I have to quit after about an hour or so. I make more mistakes in one hour on these damn machines than I do in one hour on the old GAMEMAKERS.
Good luck and play smart.
Terrence "VP Pappy" Murphy
"Judge not the casino by all that glitters, but by the games offered."
--VP Pappy
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--- In vpFREE_Canada@yahoogroups.com, "shloemoejs99" <shloemoejs99@...> wrote:
Pappy~~ I like your system. I think I will try it next time. It imits your losses so you don't feel too crummy after a session. I wonder how much time on average you get out of $600 play.
I play dollars exclusively. I would say I have played close to three thousand hands by now. I have yet to hit quads. I know, cry me a river ... just gotta be patient.
Ted--- In vpFREE_Canada@yahoogroups.com, "Terrence Murphy" <tismurph@> wrote:
>
> I don't know what the exact bankroll would be to best avoid the risk of ruin factor, but I do know that doubling your money is a very hard task to accomplish.
> I personnally only put in enough credits for a quad and play until I either hit a quad and get ahead, or lose my money. That would be $600 for the dollar machine, or $150 for the quarter one. Maybe it's not a smart strategy, but it has worked for me over the years.
>
> Terrence "VP Pappy" Murphy
>
> PS: I have hit five Pick'Em royals (one dollar and 4 quarter) over the years playing the game. I've probably play a couple million hands.
>
> "If compulsive gambling is an illness, then why in hell do I feel so good when I win?" --VP Pappy
>
> Here's a site that has a good article on the subject:
>
> http://www.gamemasteronline.com/Archive/VideoPoker/VideoPokerPrimer3.shtml
>
> -------------------------------------------
>
>
>
> --- In vpFREE_Canada@yahoogroups.com, "shloemoejs99" <shloemoejs99@> wrote:
> >
> > Hi, would appreciate your advice on this, or if you could point me to some information. I recently started playing full-pay pick 'em in dollars. I play on multiple point days to maximize the E.V. My question is, what bankroll do you think is necessary to avoid a greater than XX% risk of ruin? I hit some pretty bad swings lately and am thinking of switching to a lower denomination. On the other hand, shouuld I stick with dollars and wait for the eventual swing back?
> > Thanks for your help,
> > Ted
> >
>