I guess I should have made a "trip report" on this - but we are just now "recovering."
For those who didn't know about this: You paid $5000 entry fee for the slot tournament of 1/2 million prize pool for 100-120 entrants. I think there ended up being the 120. If you put on 17,000 points during that time, you got your $5000 back. I don't know what we (actually I brought up the brilliant idea) were thinking but we decided we could do this in the 4 days ($44 equal 1 point), although more hours per day than we usually like to play. But a shot at $250,000 first prize sounded like fun.
We started out both playing $5 single-line NSUD - 8 hours the first day - about 5-6 the second day. The math said the long-term average loss would be about $561. At that point we were about $10,000 down - and saw we never would hold up for the # of hours it would take at that rate to get 17,000 points. We were doing terrible in the tournament and knew we would only get the $1000 minimum that all entrants would get. Should we stop? Heavens, no, we are stubborn.
So we switched to side-by-side multi-line machines - $2 Five-Play and $2 Ten Play. After a few hours we were down another $9000 - a total of $19,000 and within a couple of minutes of having to go get a marker. We had about 3 hours more to finish getting our 17,000 points.
Then Lady Luck smiled - I got dealt quads 3 times on the Ten Play and Brad got them dealt two times on Five Play. Then he got an $8,000 royal and I got two of them. When we hit the 17,000-point mark, we were exhausted, but happy. We collected (in cash) our $5000 returned entry fee (which we had put on our SW credit card). With our $1000 tournament win, and $1700 in cashback, we ended up with a $7500 net profit plus a set of silver candlesticks and various goodies delivered to the room - and felt almost as thrilled as if we had won first place in the tournament.
We weren't even close to the bottom of our financial gambling bankroll at any time, but we were at the very bottom of our pool of physical strength at the end, and were pretty close to the bottom of our psychological bankroll a couple of times during the middle.
Relief is a strong emotion!!!!!
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Jean $¢ott - Go to http://www.FrugalGambler.biz
for VP software and strategy cards; "frugal" books;
and the NEW "Tax Help for the Frugal Gambler."
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