I am wondering if this is a good deal...... I live near Deadwood, SD where the video poker basically stinks average payouts are near 96%. There is one opportunity and I want to see if it is worth doing. Basically, 6/5 Jacks better 5 cent Progressive. Jackpot is $580.00 and slot club pays .5%, triple that to 1.5% on Mondays. Game is 99.5% + .5%=100% on single point days, 101% on triple point days. Variance is around 180. If i don't hit the royal or a straight flush I will be down in the 89-92% area on simulations. They also have hot seat drawings on single point days every 15 minutes or so from $75 -$250 every 15-30 minutes depending on the day. I played 3 hours yesterday, and won a $75 hot seat. Had to play off the $75 one time through and collected $65 of it. I average 550 hands per hour, but the slot club points didn't accumulate when I was playing off my $75 bonus. I played around 1200 hands (not counting the free play) and lost $27.00. So $300 through machine and lost $27, puts me at 91% return, no SF's, RF's , and 3-4k, which is just a bit above average for 1200 hands. Net gain with hotseat was $38.00, Should I stay with it or should I go?
High Variance Opportunity
I'd love to help answer this, especially since it involves a progressive, but despite having provided and immense about of information you have left out three key factors which we would need to answer the question.
1. Your bankroll
2. The meter-rise of the progressive
3. The availability of relief shifts for you on the progressive
Note: Your return does not go down as a result of failure to hit jackpots like Royal Flushes. It can't. Return is calculated prior to play and irrespective of results. You seem to be confusing outcomes with expectancy, or perhaps it just sounded that way because of your wording. The return is what it is. Your results are another matter entirely.
~FK
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--- In vpFREE@yahoogroups.com, "neo c" <neocacher@...> wrote:
I am wondering if this is a good deal...... I live near Deadwood, SD where the video poker basically stinks average payouts are near 96%. There is one opportunity and I want to see if it is worth doing. Basically, 6/5 Jacks better 5 cent Progressive. Jackpot is $580.00 and slot club pays .5%, triple that to 1.5% on Mondays. Game is 99.5% + .5%=100% on single point days, 101% on triple point days. Variance is around 180. If i don't hit the royal or a straight flush I will be down in the 89-92% area on simulations. They also have hot seat drawings on single point days every 15 minutes or so from $75 -$250 every 15-30 minutes depending on the day. I played 3 hours yesterday, and won a $75 hot seat. Had to play off the $75 one time through and collected $65 of it. I average 550 hands per hour, but the slot club points didn't accumulate when I was playing off my $75 bonus. I played around 1200 hands (not counting the free play) and lost $27.00. So $300 through machine and lost $27, puts me at 91% return, no SF's, RF's , and 3-4k, which is just a bit above average for 1200 hands. Net gain with hotseat was $38.00, Should I stay with it or should I go?
"Basically, 6/5 Jacks better 5 cent Progressive. Jackpot is $580.00 and slot club pays .5%, triple that to 1.5% on Mondays. Game is 99.5% + .5%=100% on single point days, 101% on triple point days."
A return of ~99.5% implies 9/6 Jacks or Better, but you stated the game is 6/5. Which is it?
it is 6/5 jacks or better , which is 95% , but with the jackpot at $580 it is now 99.5%. My bankroll is sufficient. progressive accumulates at the rate of 1c with every dollar in.
Cary
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--- In vpFREE@yahoogroups.com, "ma18ks" <89109.nv@...> wrote:
"Basically, 6/5 Jacks better 5 cent Progressive. Jackpot is $580.00 and slot club pays .5%, triple that to 1.5% on Mondays. Game is 99.5% + .5%=100% on single point days, 101% on triple point days."
A return of ~99.5% implies 9/6 Jacks or Better, but you stated the game is 6/5. Which is it?
It's actually a pretty good low roller play with the royal at $580 jand the cashback and hot seat drawing thrown in. But the problem is future plays. If the royal resets at $200 and it's just a 1% meter you're probably gonna have to wait a pretty good while to get another decent play on the bank. Assuming every hand gets bet 25 cents the royal has to miss about 150,000 games to put it on $580.
Are you sure about the meter rise?
Re: the hot seat drawing. I know the casinos are small in Deadwood. It used to be like 30 machines per license, is that still how it is? Do all the machines in the casino qualify for the hot seat drawing or just the bank you play on. Is it a progressive type drawing; if no one is in a seat that gets called does the amount of money go up for the next drawing? What determines whether you get $75 or $250.
In short, from the limited amount of information I have from here it might be that the drawing is lucrative. On days where the progressive is low what is to keep someone from just betting a nickel a hand (you might not want the house to catch on to this) and trying to snap off the drawing? I'm sorry. It's the hustler in me. But it might be the way to go.
···
--- In vpFREE@yahoogroups.com, "neo c" <neocacher@...> wrote:
I am wondering if this is a good deal...... I live near Deadwood, SD where the video poker basically stinks average payouts are near 96%. There is one opportunity and I want to see if it is worth doing. Basically, 6/5 Jacks better 5 cent Progressive. Jackpot is $580.00 and slot club pays .5%, triple that to 1.5% on Mondays. Game is 99.5% + .5%=100% on single point days, 101% on triple point days. Variance is around 180. If i don't hit the royal or a straight flush I will be down in the 89-92% area on simulations. They also have hot seat drawings on single point days every 15 minutes or so from $75 -$250 every 15-30 minutes depending on the day. I played 3 hours yesterday, and won a $75 hot seat. Had to play off the $75 one time through and collected $65 of it. I average 550 hands per hour, but the slot club points didn't accumulate when I was playing off my $75 bonus. I played around 1200 hands (not counting the free play) and lost $27.00. So $300 through machine and lost $27, puts me at 91% return, no SF's, RF's , and 3-4k, which is just a bit above average for 1200 hands. Net gain with hotseat was $38.00, Should I stay with it or should I go?
I am the moderator on vpfree2 for many of the deadwood casinos. not that one is needed much because of the poor payoff. The meter resets at $500. which is not too bad. Yes I am sure of the 1% increase. All machines qualify but this is the off season so when winter hits and the weather is bad, I will still want to go there as there will be a better than normal chance. $750 an hour in hots seats, and there may only be 50 people or less in the casino. I won one last winter, with only 10 people in the casino. All slot and vp machines are eligible. Coin has to be in the machine. they draw on the fifteen and 30 minute mark exactly so you only have to have money in a few minutes before each drawing if you wish. $75 on weekdays and $250 on weekends. Money gets put automatically on the players card. the person doesn't even have to hear his name called. As far as the nickel bet, the house doesn't care at all. It is a good idea and I may try it tonight. There are well over 100 slot machines in the house, but I am going to count them tonight.
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--- In vpFREE@yahoogroups.com, "Mickey" <mickeycrimm@...> wrote:
It's actually a pretty good low roller play with the royal at $580 jand the cashback and hot seat drawing thrown in. But the problem is future plays. If the royal resets at $200 and it's just a 1% meter you're probably gonna have to wait a pretty good while to get another decent play on the bank. Assuming every hand gets bet 25 cents the royal has to miss about 150,000 games to put it on $580.
Are you sure about the meter rise?Re: the hot seat drawing. I know the casinos are small in Deadwood. It used to be like 30 machines per license, is that still how it is? Do all the machines in the casino qualify for the hot seat drawing or just the bank you play on. Is it a progressive type drawing; if no one is in a seat that gets called does the amount of money go up for the next drawing? What determines whether you get $75 or $250.
In short, from the limited amount of information I have from here it might be that the drawing is lucrative. On days where the progressive is low what is to keep someone from just betting a nickel a hand (you might not want the house to catch on to this) and trying to snap off the drawing? I'm sorry. It's the hustler in me. But it might be the way to go.
--- In vpFREE@yahoogroups.com, "neo c" <neocacher@> wrote:
>
> I am wondering if this is a good deal...... I live near Deadwood, SD where the video poker basically stinks average payouts are near 96%. There is one opportunity and I want to see if it is worth doing. Basically, 6/5 Jacks better 5 cent Progressive. Jackpot is $580.00 and slot club pays .5%, triple that to 1.5% on Mondays. Game is 99.5% + .5%=100% on single point days, 101% on triple point days. Variance is around 180. If i don't hit the royal or a straight flush I will be down in the 89-92% area on simulations. They also have hot seat drawings on single point days every 15 minutes or so from $75 -$250 every 15-30 minutes depending on the day. I played 3 hours yesterday, and won a $75 hot seat. Had to play off the $75 one time through and collected $65 of it. I average 550 hands per hour, but the slot club points didn't accumulate when I was playing off my $75 bonus. I played around 1200 hands (not counting the free play) and lost $27.00. So $300 through machine and lost $27, puts me at 91% return, no SF's, RF's , and 3-4k, which is just a bit above average for 1200 hands. Net gain with hotseat was $38.00, Should I stay with it or should I go?
>
You need to figure out if there is a winner every time. If there is then the drawing is huge (relative to the bet) when there are few players in the house. On each drawing do they draw until there is a winner? If you are playing against 19 other players then your equity in a $75 drawing would be $3.75 X 2 drawings per hour or $7.50 per hour. This is a big add-on relative to your total wager per hour (550 hands per hour X .25 = $137.50 per hour total wager. $7.50/$137.50 = a 5.45% add-on.
But if there is not a winner everytime the add-on is not near that strong. It's easy to figure out. Just divide $75 by the number of machines in the house X two drawings per hour. If there are 100 machines then your equity is $1.50 per hour. It's about a 1% add-on.
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--- In vpFREE@yahoogroups.com, "neo c" <neocacher@...> wrote:
I am the moderator on vpfree2 for many of the deadwood casinos. not that one is needed much because of the poor payoff. The meter resets at $500. which is not too bad. Yes I am sure of the 1% increase. All machines qualify but this is the off season so when winter hits and the weather is bad, I will still want to go there as there will be a better than normal chance. $750 an hour in hots seats, and there may only be 50 people or less in the casino. I won one last winter, with only 10 people in the casino. All slot and vp machines are eligible. Coin has to be in the machine. they draw on the fifteen and 30 minute mark exactly so you only have to have money in a few minutes before each drawing if you wish. $75 on weekdays and $250 on weekends. Money gets put automatically on the players card. the person doesn't even have to hear his name called. As far as the nickel bet, the house doesn't care at all. It is a good idea and I may try it tonight. There are well over 100 slot machines in the house, but I am going to count them tonight.
I thought I made it clear. Yes, there is a winner EVERY time. You are eligible if you have your card and money in a machine, slot or vp. They draw 4 times per hour for 7 hours. 5pm to midnight friday and saturday. 11 am - 5pm Sunday. Triple points Monday, 3 TVs on Tuesday. 20 drawings (every half hour) for $75 each wedn. and thurs from noon to 10pm.
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--- In vpFREE@yahoogroups.com, "Mickey" <mickeycrimm@...> wrote:
--- In vpFREE@yahoogroups.com, "neo c" <neocacher@> wrote:
>
> I am the moderator on vpfree2 for many of the deadwood casinos. not that one is needed much because of the poor payoff. The meter resets at $500. which is not too bad. Yes I am sure of the 1% increase. All machines qualify but this is the off season so when winter hits and the weather is bad, I will still want to go there as there will be a better than normal chance. $750 an hour in hots seats, and there may only be 50 people or less in the casino. I won one last winter, with only 10 people in the casino. All slot and vp machines are eligible. Coin has to be in the machine. they draw on the fifteen and 30 minute mark exactly so you only have to have money in a few minutes before each drawing if you wish. $75 on weekdays and $250 on weekends. Money gets put automatically on the players card. the person doesn't even have to hear his name called. As far as the nickel bet, the house doesn't care at all. It is a good idea and I may try it tonight. There are well over 100 slot machines in the house, but I am going to count them tonight.
>
>
You need to figure out if there is a winner every time. If there is then the drawing is huge (relative to the bet) when there are few players in the house. On each drawing do they draw until there is a winner? If you are playing against 19 other players then your equity in a $75 drawing would be $3.75 X 2 drawings per hour or $7.50 per hour. This is a big add-on relative to your total wager per hour (550 hands per hour X .25 = $137.50 per hour total wager. $7.50/$137.50 = a 5.45% add-on.But if there is not a winner everytime the add-on is not near that strong. It's easy to figure out. Just divide $75 by the number of machines in the house X two drawings per hour. If there are 100 machines then your equity is $1.50 per hour. It's about a 1% add-on.
The money is in the drawing, not the video poker game.
I'd wait for a bit more, but yes I'd play it as long as you don't mind losing on your way to large progressive jackpots. They more than make up, but it takes some getting used to if you are more familiar with the swings on non-progressives--Small cost and small jackpots
~FK
···
--- In vpFREE@yahoogroups.com, "neo c" <neocacher@...> wrote:
it is 6/5 jacks or better , which is 95% , but with the jackpot at $580 it is now 99.5%. My bankroll is sufficient. progressive accumulates at the rate of 1c with every dollar in.
Cary
--- In vpFREE@yahoogroups.com, "ma18ks" <89109.nv@> wrote:
>
>
>
> "Basically, 6/5 Jacks better 5 cent Progressive. Jackpot is $580.00 and slot club pays .5%, triple that to 1.5% on Mondays. Game is 99.5% + .5%=100% on single point days, 101% on triple point days."
>
> A return of ~99.5% implies 9/6 Jacks or Better, but you stated the game is 6/5. Which is it?
>
I talked my g/f into going with me tonight to the casino giving the hotseat drawings.
My girlfriend and I played 1 nickel each from 8:45 - 12 midnight in a 6/5 Bonus Poker machine because the 5c progressive was not high enough to warrant playing 5 nickels as we are low rollers and she wants us to minimize losses rather than maximizing wins. In 3+ hours, she hit 4 Aces twice, 4 3s and three other 4k. I hit 4A one time and 4-3's. No other 4k. She played through $78 and won $6. I played through $56 (I was visiting and chatting it up with some people) and won 75 cents. At 9 pm there were around 170 people playing the slots. Payouts are $250 on the hour and $150 every 15 minutes, with 1 random hourly drawing thrown in, making hot seat drawing of $850 per hour/ 170 players or $5/hour expected earnings for each of us. By 11:30 pm there were only 75 people playing making the expected earning to be a bit over $11/hour each. At 11:45 pm they drew Robin's name for $150.00 in free play, which will most likely convert to around 125.00 after one time through before we can cash. I don't think I will have any trouble convincing her how to spend some time with me at the casino. $11/ hour is more than she makes at work. The bad news is that you can only win one time a night at this particular casino.
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--- In vpFREE@yahoogroups.com, "Mickey" <mickeycrimm@...> wrote:
The money is in the drawing, not the video poker game.
Good job. Another thing you might want to look into is playing two machines at the same time.
···
--- In vpFREE@yahoogroups.com, "neo c" <neocacher@...> wrote:
I talked my g/f into going with me tonight to the casino giving the hotseat drawings.
My girlfriend and I played 1 nickel each from 8:45 - 12 midnight in a 6/5 Bonus Poker machine because the 5c progressive was not high enough to warrant playing 5 nickels as we are low rollers and she wants us to minimize losses rather than maximizing wins. In 3+ hours, she hit 4 Aces twice, 4 3s and three other 4k. I hit 4A one time and 4-3's. No other 4k. She played through $78 and won $6. I played through $56 (I was visiting and chatting it up with some people) and won 75 cents. At 9 pm there were around 170 people playing the slots. Payouts are $250 on the hour and $150 every 15 minutes, with 1 random hourly drawing thrown in, making hot seat drawing of $850 per hour/ 170 players or $5/hour expected earnings for each of us. By 11:30 pm there were only 75 people playing making the expected earning to be a bit over $11/hour each. At 11:45 pm they drew Robin's name for $150.00 in free play, which will most likely convert to around 125.00 after one time through before we can cash. I don't think I will have any trouble convincing her how to spend some time with me at the casino. $11/ hour is more than she makes at work. The bad news is that you can only win one time a night at this particular casino.
And playing both of them at a leisurely pace as the "money is in the drawing." Keeping under the radar may be important when your gambling on two machines including tokes when appropriate.
···
--- In vpFREE@yahoogroups.com, "Mickey" <mickeycrimm@...> wrote:
--- In vpFREE@yahoogroups.com, "neo c" <neocacher@> wrote:
>
> I talked my g/f into going with me tonight to the casino giving the hotseat drawings.
>
> My girlfriend and I played 1 nickel each from 8:45 - 12 midnight in a 6/5 Bonus Poker machine because the 5c progressive was not high enough to warrant playing 5 nickels as we are low rollers and she wants us to minimize losses rather than maximizing wins. In 3+ hours, she hit 4 Aces twice, 4 3s and three other 4k. I hit 4A one time and 4-3's. No other 4k. She played through $78 and won $6. I played through $56 (I was visiting and chatting it up with some people) and won 75 cents. At 9 pm there were around 170 people playing the slots. Payouts are $250 on the hour and $150 every 15 minutes, with 1 random hourly drawing thrown in, making hot seat drawing of $850 per hour/ 170 players or $5/hour expected earnings for each of us. By 11:30 pm there were only 75 people playing making the expected earning to be a bit over $11/hour each. At 11:45 pm they drew Robin's name for $150.00 in free play, which will most likely convert to around 125.00 after one time through before we can cash. I don't think I will have any trouble convincing her how to spend some time with me at the casino. $11/ hour is more than she makes at work. The bad news is that you can only win one time a night at this particular casino.
>
>
Good job. Another thing you might want to look into is playing two machines at the same time.