Hi,
Just was reading on motherboard about the loss of a play at the
Hotel Nevada in Ely, NV. Kings or Better Joker in a dozen spinpoker
machines, 25cent, nine line and a couple of SP deluxe. Goes back many
years. Poster said never below $25/hour and sometimes over $100/hour
probably dependent on promotions.
See: http://www.jazbo.com/ for Kelly Bankrolling.
At the Hotel Nevada the AP'rs were in great shape. $30K bankroll at
baseline. Add another .5 E.V. for promotions and its around $20K.
The chart on Jazbo's website has Pickem. I'm thinking the chart says
$1FP PE at MS (although not playable without promotions) requires a
Kelly Bankroll of only $20K requiring less than .5% E.V. added from
promotions.
That's intriguing if you consider MS promotions to be worth .5% E.V.
That's what I consider the worth of the points, free offers,
tourneys, concerts and so on.
That brings us to Sachem Wolf status. Yahoo search of the New England
board using "Sachem Wolf" brings up some discussion. Couple of
members seemed to be in agreement that consistent $2,500 theo/day
provides this status. You can be pretty confident with a bankroll of
$20K that your following the guidelines of the motherboard to not
playing stupid games in so many words. That's playing a long long
time each day on $1 PE - probably need two people, no booze and no
mistakes.
Numbers not good for FP Jacks. Requires over $50K bankroll and is not
a good idea until promotions add .6%.
FP Bonus looks to me to be a bad idea unless promotions add over 1%
and you need like over $150K bankroll.
Bottomline
MS provides a fair bet on the PE machines. Over the long run, $5 PE
for 5 hours (nice and slow and no mistakes) gets you where to want to
be (Sachem Wolf) at $2500 theo/day but your bankroll has to be
higher. I don't think onw person could do it on $1 PE.
Hypothesis
A "professional gambler," filing as such and following all the rules,
with a $100K bankroll should gamble 5 hours/day in the high limit
room on the $5 PE. Additional time may not be advantageous.
Play the $2 PE if you must gamble more than 5 hours/day.
A non-professional, filing standard 1040, is kind of screwed if you
live in States that do not allow losses to be deducted from winnings.
In that case, $1 PE may be ideal but is a lot of work to attain
Sachem Wolf.
Good night.
Dave (haaljo in Boston)
P.S. This was not the case at the Hotel Nevada by the way. Nevada
residents do not pay State income taxes for winning in Nevada. Even
California residents get to deduct losses from winnings on their
State forms.