Bob Dancer's LVA Column - 23 FEB 2016
Bankroll Concern
http://www.lasvegasadvisor.com/bob_dancer/2016/0223.cfm
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We are at Harrahs NOLA now.
All deuces in the high limit area have been downgraded. The pay table is Illinois deuces - 98.8%
All JOB are 9/5 except the single line $100 machines.
Not any machines were being played.
Two_card
•
_
[Non-text portions of this message have been removed]
Sent from my iPad
Rats! We are already booked to fly there in early March. Does anyone know what happened to the other pay-tables on those machines? This will certainly change our plans. Love NOLA. Wish they would have just changed the coin-in to get a point like they have in other CET casinos.
From: "Donald two_card@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com>
To: "vpFREE@yahoogroups.com" <vpFREE@yahoogroups.com>
Sent: Tuesday, February 23, 2016 5:09 PM
Subject: [vpFREE] Harrah's NOLA downgrade
We are at Harrahs NOLA now.
All deuces in the high limit area have been downgraded. The pay table is Illinois deuces - 98.8%
All JOB are 9/5 except the single line $100 machines.
Not any machines were being played.
Two_card
Posted by: Donald <two_card@yahoo.com>
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It will be interesting to see if there is a commiserate increase in Theo. It was 0.91% earlier this year. Doubtful it will get anywhere close to 5%, but I have played plenty of Illinois Deuces at that Theo in the past at other CET properties and was rewarded handsomely with bounce back.
SB
---In vpFREE@yahoogroups.com, <two_card@...> wrote :
We are at Harrahs NOLA now.
All deuces in the high limit area have been downgraded. The pay table is Illinois deuces - 98.8%
All JOB are 9/5 except the single line $100 machines.
Not any machines were being played.
[Non-text portions of this message have been removed]
Bonus poker is 7/5
DDB is 9/5
Joker Poker is 17/7 with the royal of 4700
Two_card
Sent from my iPad
On Feb 23, 2016, at 8:02 PM, "gaylen u udyge@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com> wrote:
Rats! We are already booked to fly there in early March. Does anyone know what happened to the other pay-tables on those machines? This will certainly change our plans. Love NOLA. Wish they would have just changed the coin-in to get a point like they have in other CET casinos.
From: "Donald two_card@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com>
To: "vpFREE@yahoogroups.com" <vpFREE@yahoogroups.com>
Sent: Tuesday, February 23, 2016 5:09 PM
Subject: [vpFREE] Harrah's NOLA downgradeWe are at Harrahs NOLA now.
All deuces in the high limit area have been downgraded. The pay table is Illinois deuces - 98.8%
All JOB are 9/5 except the single line $100 machines.
Not any machines were being played.
Two_card
Posted by: Donald <two_card@yahoo.com>
> Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (2) |vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm
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{font-size:77%;list-style-type:square;padding:6px 0;}#yiv8248138639 #yiv8248138639ygrp-sponsor #yiv8248138639ov ul {margin:0;padding:0 0 0 8px;}#yiv8248138639 #yiv8248138639ygrp-text {font-family:Georgia;}#yiv8248138639 #yiv8248138639ygrp-text p {margin:0 0 1em 0;}#yiv8248138639 #yiv8248138639ygrp-text tt {font-size:120%;}#yiv8248138639 #yiv8248138639ygrp-vital ul li:last-child {border-right:none !important;}#yiv8248138639[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
Can someone report these downgrades to vpFREE2? I started to, but then I realized that I haven't actually seen the new pay tables. Maybe someone who observed the new pay tables first hand should make a report to vpFREE2.
Max
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This is how I'd approach this situation: Everyone has a stop loss limit, but it shouldn't be zero. Why? Because if you can stop before zero, it shows you can gamble in control, instead of just letting the gambling control you. And, if a nice promotion should come along between when you hit your stop loss limit and when you reload your bankroll from your day job, such as say double the points, likely you will be able to play it, if the promotion is nice enough and if you still have some bullets left, whereas if you don't, you can't do any gambling until you reload, no matter how nice the promotion is. So now it's just a matter of defining a stop loss limit. My personal choice would be the approximate Kelly number (variance/edge bets) because it's math based, but you are free to choose whatever number you want, as long as you stick to it. The point is not to count on reloading from your paycheck and to always have some reserve in case a casino suddenly puts out a mystery promotion or whatever. Admit it, you would feel pretty stupid if you played all your bankroll with no way to get more money today and then the casino announced double the points or 10x the points or double royals or double deuces or whatever. Think about it.
[Non-text portions of this message have been removed]
NOTI wrote: This is how I'd approach this situation: Everyone has a stop loss limit, but it shouldn't be zero.
________________________________
A few days after my article appeared, I received a private email from someone quoting an old Mike Caro article which I had never seen before. Caro distinguished between losing your entire bankroll when it is big from losing your entire bankroll when it is small --- which was the point I was trying to make in my article.
If you have a small (say $1,000) bankroll and let it go to zero --- you're not much worse off than if you set a stop limit of, say, $300. Whatever damage you could have done with that $300 --- even on double point day or whatever promotion the casino could kick up --- is limited. You're going to need to replenish your bankroll anyway before you can do some real damage.
If the current promotion you are playing is pretty good, it doesn't make sense to stop once you get down to $300 so you can be prepared for this hypothetical great promotion down the road. The good promotion is here NOW. Go for it!
Keep in mind that my definition of bankroll includes the concept of money you can afford to lose without affecting your ability to pay your normal expenses. I'm certainly not advocating taking your bankroll to zero if it affects paying the rent, food bill, child support --- whatever.
The citation for the Caro article is http://www.poker1.com/archives/3467/mike-caro-poker-word-is-bankroll or if you wish the relevant portion is copied below
[http://www.poker1.com/wp-content/uploads/pictures/p1_mc_logo_2015b_reduced.png]<http://www.poker1.com/archives/3467/mike-caro-poker-word-is-bankroll>
Mike Caro poker word is Bankroll | Poker1.com | Mike Caro<http://www.poker1.com/archives/3467/mike-caro-poker-word-is-bankroll>
www.poker1.com
Greetings, poker friends. This is another edition of this series of self-interviews. Today's word is "Bankroll," so it you're ready, let's talk about money.
________________________________
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Sometimes you just have to throw down. The first play I ever threw down on was a quarter Piggy Bankin' with 65 coins in the bank. I had a little over $20 in my pocket and no job. However, I was a pretty good credit hustler. I remember standing there debating with myself over whether I should put the play down. I figured that if I went broke I would just start all over again credit hustling.
I broke the bank on the first spin on the first play I ever put down. I'm a lucky kind of guy I guess. I ran my bankroll up above $30. And I kept on playing them Piggy Bankin's until I had video poker bankroll.
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