vpFREE2 Forums

Losing Streak

In a message dated 5/25/2005 5:15:51 PM Eastern Standard Time,
QueenofComps@frugalgambler.biz writes:

When is the last time you thoroughly scoured the databases to see
what plays you might choose that have a much better edge than the ones you
are playing now?

Very good advice, Jean, and thanks. I've certainly had a losing streak that
ran into the thousands and I can't think why anyone would think that $3,000
is an adequate bankroll for playing quarter VP.. I don't believe it at all.

Karen

[Non-text portions of this message have been removed]

<<I can't think why anyone would think that $3,000
is an adequate bankroll for playing quarter VP.. I don't believe it at
all.>>

From "The Frugal Gambler" -
"We've been playing video poker for more than six years, three to eight
hours a day, at least 100 days a year, and we've never needed a bankroll
(the amount of actual money we have to gamble with) greater than $3,000. In
other words, our longest losing streak playing 25� machines never resulted
in total losses greater than $3,000.

      The one time that we came close to accumulating losses of $3,000 was
the most inopportune time of all for Lady Luck to leave us. It was the week
the 48 Hours video crew was following us around. We were bragging to them
about how well we did in Vegas playing video poker, and here we were losing
consistently, nearly reaching the $3,000 loss point. (At the end of the
week, we won a car, which catapulted us back into the black.)

      If you have a partner and the two of you are playing on one bankroll,
you don't need twice as much. You need the same $3,000 for quarter machines
as if only one of you is playing. Think of it this way: would you need more
money if you were playing eight hours a day by yourself than if two of you
each played four hours a day? No. In fact, partnership play smoothes out the
ups and downs a little.

      If you want to have a little more than the minimum bankroll, just in
case, you might feel better with a $4,000 or $5,000 bankroll for one or two
people playing quarter video poker. If we approach that $3,000 in losses, we
don't get as nervous if we have a $1,000-$2,000 reserve. We've never had to
touch it, but it gives us a secure feeling when we're in a long dry spell."

But you need some more details:

1. We were playing FPDW very accurately.

2. We were playing with good cashback in most places.

3. We were couponing heavily.

Without cashback or other benefits, you need more like $8000 to play FPDW to
be fairly certain not to go broke. And there is never a 100% guarantee.

···

________________________________________
Jean $�ott - http://www.FrugalGambler.biz
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