Last weekend I was doing one of my occasional inventory "surveys" at some local California casinos.
Sure enough, near the end of the evening, I did notice in one casino that in an area where there had been 4 $5 machines with full-pay games there were now only 3.
But what really caught my attention was something else I always notice.
A woman seated at the far left of the bank of 3 machines was playing one $5 coin.
My immediate reaction (which I will soon be questioning with you) was that the woman is clueless about VP. This could be the one night she hits a royal, and she will lose $18,750 by not betting just $20 more to get her up to max bet. What a lamebrain!
Two days ago as I was recording my own result for the weekend (which was a loss) I began to rethink my position.
In many games you sacrifice a little over a per cent or so by playing a full-pay game for 1 coin vs 5 coins. For example, 9/6 Jacks becomes a 98.3% game with one coin played vs.a max bet 99.5% game.
But since all payoffs are proportional EXCEPT for the royal, maybe that woman was smarter than I thought. Maybe she was betting she wouldn't get a royal and was just trying for the best return from the rest of a paytable.
Consider that elsewhere in the casino the best single-line $1 Jacks game probably has an 8/5 paytable. True, the one coin $5 game isn't playable. But it's certainly MORE playable than the $1 game IF no royal appears. And it's actually not a bad bet that during a session you won't see a royal! Sort of like betting NO PASS at the craps table, only now you get to hate yourself instead of everyone else hating you.
If that makes sense.
So I wonder how many others out there seek the safety of a full-pay game in High Limit and play short coin when options in the rest of the casino are dismal.
Indeed, another "one-coiner" sat next to me a few weeks ago as I played $5 3 Play NSUD. Sure enough, she hit 4 Deuces on one $5 coin and collected her $1000 with no lights going off, no music playing, no tax forms.
But a few hands later, she was dealt four-to-the royal and gasped.
So did I.
The odds prevailed, and the draw card was an off-suit 7, We both were actually "relieved", in a way.
That's the flip side of betting against yourself.