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SP vs. The M. Was: New Game Suggestion for FrankNBobs

Heh, that's funny, because I feel the same way. I have one friend who deliberately asks me how I did just because he knows it irritates me. lol

Now if I go to the track it's ok to ask me how I did. But I'm only an occasional horse player so one should be willing to listen to me cry and whine about how I lost a photo finish and how the jockey stiffed him. But if I just played video poker or live poker, please don't ask, short term doesn't matter. lol

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--- In vpFREE@yahoogroups.com, 007 <007@...> wrote:

I care so little about short term results that I find even being asked
how I did recently to be excruciating. I had played video poker for a
while just before joining a friend to watch a Super Bowl. He
good-naturedly asked me how I did and I couldn't even bring myself to
answer.

I'm not sure how you derived this number, but it is off by a huge amount. 7/5 JoB at the M reaches 100% (not including meter-rise) at:

$2,525 (playing a progressive strategy and discounting the points value)

$3,028 would be 101.3% edge without meter-rise, and 101.8% with MR included.

And then if you include mailer, $3,028 would be approximately a 102% edge.

~FK

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--- In vpFREE@yahoogroups.com, "5-card" <5-card@...> wrote:

25c 7/5 JB reaches 100% at $3,028.

Correction: I meant "discounting the points value from the cost", which would be including the value of the points.

I worded this badly-ish, making it harddier to understandilise.

~FK

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--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:

$2,525 (playing a progressive strategy and discounting the points value)

"Short term" is the amount of time you spend in the casino. "Long term" is the amount of time the machine spends in the casino. In between, almost anything can happen.

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--- In vpFREE@yahoogroups.com, "Bob Bartop" <bobbartop@...> wrote:

--- In vpFREE@yahoogroups.com, "rob.singer1111" <rob.singer1111@> wrote:
>
> Not too shabby, of course. But she lost--as most people will who play these progressives, especially those who just drop in for a quick shot at them. If you don't have all day and night today, tomorrow and the next day with a $20,000 bankroll for quarters only, you're just going to be a major part of building the progressive jackpots for those who do.
>
>

I'm not going to argue the point ad nauseum, but playing ANY video poker game regardless of the pay table for a period less than a million hands is "statistically insignificant". I just cannot get into the mindset of walking away "winner" or "loser" for the day. It means nothing. I have NEVER thought like that, even when I was a teenager and still wet behind the ears. If the concept of a "winning day" is that important, then I recommend getting a job.

Even as a poker player "having a winning day" has never meant squat to me. Playing correctly and playing with a mathematical edge, is the ONLY thing that matters.

How are you doing is an EASY answer.
According to the IRS for most of us, it is the result what happens between Jan.1 thru Dec. 31.

Since you can't carry losses forward, nor "save" winnings for another tax year.

So... how are you doing is ALWAYS a yearly result.

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--- In vpFREE@yahoogroups.com, Bruce Cohen <brucedcohen2002@...> wrote:

Q #1: only for a 'pro' and most folks break it down in months
        or years, not 'lifetime'. Those time periods count, too.
Â
#2:Â Because their time frame is different than yours.
      Most folks look at it on a per trip or per day or
      even per session basis. And most people hope
      to win, but EXPECT and plan to have fun. How
      many points does 'having fun' add to your EV?
Â
#3:Â That's just silly, Frank.
      People call it winning in their own way.
      My ex-girlfriend's mother would play slots
      until she was so broke, she could not pay
      for food and had to wait for us to go out.
      But she always breathlessly told us how
      much she 'won' with fire in her eyes and
      color in her cheeks as she remembered.
Â
       It's all in each person's perceptions as
      compared to their expectations. She
      dropped $500, but felt like a winner.
Â
      I ground out $50 an hour in blackjack,
      but to her, I was a 'loser' because I
      had no jackpot stories.

--- On Sun, 7/17/11, Frank <frank@...> wrote:

From: Frank <frank@...>
Subject: [vpFREE] Re: SP vs. The M. Was: New Game Suggestion for FrankNBobs
To: vpFREE@yahoogroups.com
Date: Sunday, July 17, 2011, 1:27 PM

Â

For me the issue is I never know. If someone asks me, "how are you doing today?" I'd have to make five phone calls and tally the results of my partners to give a meaningful answer.

Sometimes, I only find out how I'm doing during the weekly square-up, and this number itself seems just as pointless when taking into account the yearly result, or my lifetime earn.

Honestly, people's fixation with daily results and compartmentalization of "how they are doing" into tiny segmented slices of time simply seems bizarre and short sighted to me.

If someone is down $20,000 in casinos overall and hits a $1,000 Royal with no cost on a particular day, they are not "winning" a thousand dollars, they are losing $19,000. Any attempt to spin this as a "win" would seem to require several layers of cognitive distortion, bad record keeping and selective memory to achieve.

From my POV, one cannot claim to be winning if one is down money overall. To do so would seem to be self delusion at best, and outright lying at worst.

By the same token, someone that's ahead gambling overall could not really book a loser in a casino, unless they first lost everything back that they had already made.

This entire topic has perplexed me for years. I'd like to understand it better, if people wouldn't mind sharing their thoughts. So here's the questions I'll pose:

1. Isn't being ahead overall in casinos for your life more important than what happens on any given day?

2. How can people ever claim to be winning, if they are really down huge amounts of money over their life in casinos?

3. Would it not be correct only for people who are ahead in casinos overall in their life, to ever claim that they are "winning"?

~FK

P.S. My guess is that there will be as much confusion on this topic as there was on the whole long vs short term thing, which I found to be immensely illuminating. I hope I have not disturbed a hornet's nest here. Everyone remember that when talking about opinions, their can be many different views and no one side is the absolute truth.

--- In vpFREE@yahoogroups.com, 007 <007@> wrote:
I care so little about short term results that I find even being asked
> how I did recently to be excruciating. I had played video poker for a
> while just before joining a friend to watch a Super Bowl. He
> good-naturedly asked me how I did and I couldn't even bring myself to
> answer. One thing I like about what Rob pointed out about
> progressives is that the fact that I'm probably not going to hit any
> particular one makes it easy for me to accept losing, since it's the
> most likely result. But it's funny how the same skill of having a
> long run point of view doesn't always apply to other areas of life. I
> used to play tennis a lot. Particularly after "playing well" for a
> while, when I then "played poorly," I'd get so mad, whether at myself,
> the ball, my racket, the weather, God, or whatever. It never occurred
> to me until years later that the difference between the two was just
> luck, which I could have accepted as calmly as I usually accept luck
> in gambling.
>

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

I agree 100%. That's how I think too. I either owe approximately 30% of what I am "ahead" to Uncle Sam (which I keep in mind at all times) or I am behind an amount which I am double angry about since I can't claim it against last year's win.

My only suggestion for "saving" winnings is to leave cashback/freeplay in your account(s) until a future year. As long as you are consistent in claiming all proceeds in the year collected, I have not heard any strong argument that the IRS finds this practice unacceptable.

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--- In vpFREE@yahoogroups.com, "the7thwarrior" <Judy@...> wrote:

How are you doing is an EASY answer.
According to the IRS for most of us, it is the result what happens between Jan.1 thru Dec. 31.

Since you can't carry losses forward, nor "save" winnings for another tax year.

So... how are you doing is ALWAYS a yearly result.

When I posed this question the last thing I expected was a vote of confidence for listening to what the IRS had to say on the subject.

I see nothing wrong with looking it at it this way, as long as we all understand that Jan 1st - Dec 31st are imposed human constructs and the lines of demarcation they imply are equally contrived.

The questions I asked are designed to reveal peoples feelings relating to winning or losing over time frames that are apparently subjective to each individual.

Let's not restrict ourselves to legal or dictionary definitions. Let your minds wander and speak from the heart.

Already, from the few replies, a picture is beginning to form that could have us perched on a precipice of real understanding into human cognition. A few more data points might be enough to knock us over the edge.

~FK

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--- In vpFREE@yahoogroups.com, "the7thwarrior" <Judy@...> wrote:
How are you doing is an EASY answer.
According to the IRS for most of us, it is the result what happens between Jan.1 thru Dec. 31.

Since you can't carry losses forward, nor "save" winnings for another tax year.

So... how are you doing is ALWAYS a yearly result.

And never realize that the guy was right and that it was your own short-sightedness that was the source of the anger.

That's right. You can cycle 100K through a 7-5 machine lose 5 grand and see the lady next to you collect the jackpot. Then you can look for the guy who said you were going to make 20 bucks an hour, intent on strangling him!

>

> Not too shabby, of course. But she lost--as most people will who play these progressives, especially those who just drop in for a quick shot at them. If you don't have all day and night today, tomorrow and the next day with a $20,000 bankroll for quarters only, you're just going to be a major part of building the progressive jackpots for those who do.

>

>

> >

> > --- In vpFREE@yahoogroups.com, patricia swenson <jackessiebabe@>

> > >

> > > We sat at three adjacent machines, each of us playing .25c 7/5JOB, with a $2995 RF meter.

> >

> >

> >

> > The game itself worth 1.5%, plus .3% cashback, plus whatever bounceback.

> >

> > At least $20 an hour. Not too shabby.

> >

>

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

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----- mike <melbedewy1226@hotmail.com> wrote:

--- In vpFREE@yahoogroups.com, "rob.singer1111" <rob.singer1111@...> wrote:
> --- In vpFREE@yahoogroups.com, "Bob Bartop" <bobbartop@> wrote: