There's been a lot of discussion about high volatility VP and
reports of horrible losses in a short period of time. Well:
In a mere 3 1/2 HOURS, $2000 goes south on the $1 10/7 DB at the
Palms. Two quads are hit, the first coming after a $1960 loss. The
two quads rebuild the credit balance back to about $500, which lasts
another ten minutes.
The next day, the score is -$2500 for our hero as he assaults
the "Optimum Play" machines, and is repulsed broken and bloody. In
six hours of 10/7 DB and 10/6 DDB on several different machines, NO
quads appear. The final $500 is stuck into a Loose Deuces game,
which game is considerate enough to let our hero last two more hours
before he cashes out the last $40 and staggers over to the Monopoly
machine where, perversely enough, he wins $200.
After a day off, our somewhat rattled hero returns to the trenches
to play NSUD and $1 DB at the Palms on a triple-point day. He gets
lotsa points as this time it takes nine whole hours to lose $2000.
There are no quad Aces in DB or quad deuces in NSUD to stop the
bleeding.
The following day he decides to check out the Multiline Multistrike
at BS. This proves to be a bad idea as he loses $1600 playing the
TEN CENT version of this game (yes, it's $8 a bet, but, STILL...)
While trying to lose his last $400 on DB, his cell phone mercifully
rings; he has to leave. He cashes out for a total loss of $1730 for
the day.
Having decided that it might be quarter time, he goes down to the
Palms the following day to pick up some bounceback cash and play
some nice, gentle, friendly .25 Joker. He loses $100 in half an hour
without geting any four of a kinds. For some reason he puts in
another hundred; the machine stabilizes; he hits a straight flush
and cashes out down a mere $50.
Being minus $8530 for less than a week is enough to make you want to
go home and bite the dog. It's just an expression of what can happen
playing high-volatility, break-even games. I'm going to drop down to
the quarter level and regroup, since while I could afford more
losses of this magnitude, I'm not sure my PSYCHE could afford it.
But you know what really is making me quit dollar games? The
realization that hitting a couple of royals for $8000 (which
happened last month) didn't feel nearly as good, as losing $8000+
this month felt BAD. And that's the sign of having reached the
threshold, I think. The quarter game can be just as fun, and just as
profitable; last month I had a +$4000 DAY playing quarters.
to sit that