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VP RESOLUTION ?

Hi

As long as I have been playing video poker in Atlantic City I have had one winning year in a city the best pay table if you can find it is JOB 9/6.I made the switch to 9/6 DDB a while back which is much more exciting but your money tends to go faster. Last year was a loss over five figures and I was playing mostly at the .25 level. It might be time for a change of scenery and machinery. 8/5 Bonus has been recommended which is not found in abundance at many casinos. The strategy is similar to JOB.

What is your VP pleasure and experience and suggestions if you wish to share?

Happy Holidays

Ralph Gary

I play roughly $500k
coin-in per year playing video poker in Atlantic City. I play only 9/6
JOB, mostly at the $1 level, which should give me an average loss of
$2,300/year, much of which can be made up with comps (especially when there are
multipliers and converted to slot play at CZR), plus it’s nice to get comped
rooms and free food and some other small gifts, sometimes gift cards. 9/6
JOB can get you close to break even on average by taking advantage of the
offers, although admittedly the theoretical break-even is more difficult with
all of the casino cutbacks on rewards.

I do tend to have bad
luck and have lost up to $10,000 in a year, although this year I did very well
with a record (for me) 5 royal flushes, which gave me an upper 4 figure win.

I see a lot of people
playing 9/6 DDB and don’t understand why, especially when in most cases you can
play 9/6 JOB on the same machine. By doing this you are more than
doubling your expected loss, and not only that but you are making it much more
likely to lose large sums of money due to the higher volatility.
Excitement might be nice, but I prefer a game with a better EV where I
have more of a chance to come out ahead or at least break even, and less of a
chance of having a year’s worth of large losses in a few months. Not only
that, but those playing at the $1 level or higher are reporting a lot more
income to the IRS. To me, getting $125
for a 4 of a kind is exciting enough, with the occasional straight flush and
hopefully at least 2 royal flushes per year, which is just as exciting on all
VP varieties. I couldn’t justify the excitement of better four of a kind
payouts and a chance at a “half-jackpot” for a 0.56% loss in EV.

I will say
the same thing about 8/5 Bonus, although the EV is a little better. I
think it is extremely unlikely that over long periods of play that the higher
four of a kind payouts can overcome getting less for the flush and full
house. At least with 9/6 DDB you might
have a chance overcoming the poor EV if you have a lot of luck getting the
2,000 and 800 unit payouts.

To me, 8/5
Bonus is only a viable alternative if you have free play that can’t be used
elsewhere, or perhaps if those are the only machines that you can play in a
smoke-free area or that is the best game available in that city - and in the
last two cases, my option would be to not play at all. Or perhaps an expert advantage player like
Jean Scott who might be able to take advantage of some offers and have it work
out to a positive EV, but I doubt you can do that very easily in AC. And even if you could, most likely you can
use the same offer on 9/6 JOB.

Anyway,
sorry for all my rambling, but for 8/5 Bonus I think the best place by far is
Resorts. Resorts only has a few (I
think 4) 9/6 JOB machines, and there are none below the $1 level and all are in
the smoking section. But for 8/5 Bonus,
you shouldn’t have any problem finding a lot of these at the quarter level
throughout the casino, including in non-smoking areas, and the comps,
bounceback slot play, and monthly offers are very good compared to the
competition. The only drawback is that
the comps can’t be converted to slot play, and if you don’t need them for food,
there isn’t much of a selection of merchandise you can buy with them. The comps are also valid at the Mohegan Sun,
and I don’t know what you can buy with them there, but they did change their
policy and I’ve been told that the comps don’t expire if you play at least once
every 6 months (but verify this at the promotions desk in case I’m wrong).

I started out playing .25 9/6 JOB. That was my only winning year because of luck and a very generous Trump Plaza and a great non smoking session. It just got boring for me. I look at it this way DDB is much more exciting and volatile. If you do not get a few quads per session you are toast. If I can keep my losses down annually I just chalk if off to entertainment. That is the trade off I guess.

Thank you

Ralph Gary

···

From: alan3262 <alan3…@…com>

Anyway,
sorry for all my rambling, but for 8/5 Bonus I think the best place by far is
Resorts. Resorts only has a few (I
think 4) 9/6 JOB machines, and there are none below the $1 level and all are in
the smoking section. But for 8/5 Bonus,
you shouldn’t have any problem finding a lot of these at the quarter level
throughout the casino, including in non-smoking areas, and the comps,
bounceback slot play, and monthly offers are very good compared to the
competition. The only drawback is that
the comps can’t be converted to slot play, and if you don’t need them for food,
there isn’t much of a selection of merchandise you can buy with them. The comps are also valid at the Mohegan Sun,
and I don’t know what you can buy with them there, but they did change their
policy and I’ve been told that the comps don’t expire if you play at least once
every 6 months (but verify this at the promotions desk in case I’m wrong).

My wife and I now do ~$2 million/year action combined. Primarily on ~monthly trips to Nevada plus a smattering at MS and Foxwoods. There are still occasions when both CT joints have positive E.V. plays. Haven’t been to AC for a few years. $30 FSP doesn’t shake our bones.

Before retirement, Nevada action was a lot less but our MS action was at the old Sachem level. Made money at that joint. Also, was 7 stars and would be flown to Bally’s by Harrahs. Lost money in AC back in the day.

Our upcoming end of January trip is to Vegas. It combines 2 months FSP for january/february for ~$1,500.

Action will be on 99.4% to 100.1% VP with as much as 5% on slot machines. We were ahead ~$30K in 2012 after airfare/car rental expenses. 2013 down ~$15K including transportation costs.

But t’is no fun flying to Nevada every month. Two weeks ago we left south point at 6 in the morning and got home after 7 at night. Still recovering.

For those gamblers that are retired from their day job, consider establishing yourself at a few Nevada joints. Bi-monthly trips are the sweet spot as far as free play opportunities; but beware. Got no mailed by Reno Atlantis after a (winning) trip when we cashed-in 2 months of FSP.

Ralph,

Looking at it another way, your expected losses on 9/6 DDB are close to 2 1/4 times as much as 9/6 JOB. If you switched back to 9/6 JOB, you would easily be able to increase your play at 9/6 JOB from quarters to half-dollars and on average still lose less. I don’t remember all the math (and probably didn’t understand it while I was learning it), but with the lower volatility you might even be able to stretch your budget and play 9/6 JOB for dollars. You will lose more on average doing that if you play the same number of hands as 9/6 DDB on quarters, but because of the lower volatility your risk of ruin might not be any worse. I think the Wizard of Odds has risk of ruin calculators on his website. You won’t have the excitement of the higher paying four of a kind hands, but you have the excitement of risking 4x as much money and winning 4x as much money when you win. Personally I find quarter play a little boring. Usually I only do it with free play so there is a better chance of getting back close to the amount of free play. Four of a kinds on 9/6 JOB at the $1 level pay more than than most 9/6 DDB four of a kinds at the quarter level.

I might be able to understand playing a higher volatility game with a better chance of a big payout and a lower EV for someone who gambles once or twice a year, who is just going out to have some fun and doesn’t mind losing a few hundred dollars if things don’t work out. That person has a chance of going home with a nice win in addition to having a good time. But for anyone playing on a regular basis, the lower EV is going to have a big effect on your chances of winning (or not losing too much) long term. Obviously I can’t tell you what to do, and everyone has different levels of excitement for different things, so maybe for you the value of the added excitement of playing 9/6 DDB outweighs the lower EV. Everyone is different. Some people like the excitement of sky diving, for me it’s scary, would bring me no enjoyment, and not worth the risk of dying even if it might only be 1 in a million. That’s probably why I like gambling, I can have some excitement and if things go wrong I won’t die (except possibly from the secondhand smoke, which is why I could never move to Vegas and gamble on a daily basis - I figure one weekend a month in AC is only a minor risk).

Alan

Thanks Alan…Well thought out…………Ralph

···

-----Original Message-----

From: alan3262 <alan3…@…com>

Looking at it another way, your expected losses on 9/6 DDB are close to 2 1/4 times as much as 9/6 JOB. If you switched back to 9/6 JOB, you would easily be able to increase your play at 9/6 JOB from quarters to half-dollars and on average still lose less …