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Understanding The Nature Of
Video Poker |
In games like Blackjack, the casino vig (house advantage) can be
attacked and even turned in your favor in certain situations. In games
like Craps and Baccarat, you're fighting a casino advantage of less
than 2% on the prime betting options. With Video Poker
you will be up against a disadvantage which could be as little as
0% or as much as 25%. Consider the following:
- A hundred people decide to play Video Poker. They all play the
same machine. Over several days or weeks each of them deposits $100.
That's a total of $10,000.
- Fifty of these players lose every penny. They experience winning
hands, some large, some small, but they bet back there winning and
keep doing it until all the money is gone. Maybe they played for
hours or even days, maybe their play time could be counted in minutes.
- Forty of this same group walk away from the machines with $50.
They leave after losing half of their investment.
- Five people enjoy moderate success. They each cash out for $200.
They doubled their stake. Good for them.
- That leaves only six people. And five out of the six do very well,
thank you. Each of them collects $500. Wow! Started with only a
hundred and ran it up to five hundred. Wonderful. Time to celebrate.
- So, now we've covered ninety-nine out of the one hundred people
who played, which leaves only one. And how did that person fare?
That person won $4,000. That person started with the same $100 as
everybody else and played exactly the same machine, but perhaps
that person was smarter, luckier, or a combination of the two. All
in all, the same as with most games. Lots of losers and a handful
of winners.
Now, how about that machine? Consider that $10,000 was put into it
and $9,500 was returned to the players. The machine returned 95% of
every dollar put into it. It did exactly and precisely what it was
programmed to do. Some people lost hands because they made mistakes;
others lost hands due to ignorance or misplays. Most of the big winners
were people who made intelligent choices on each and every hand. The
machine didn't care. All the machine knew was that it was supposed
to give back 95 cents for every dollar it received and it did exactly
that. Had it been programmed to return 98.5 cents for every dollar,
it could have done that, also. Because it is a machine. It does not
get tired. It does not make errors. It goes on, and on, and on, twenty-four
hours every day of the year. It's total shut-down time for the year
may not exceed an hour. All it needs is electricity and a tiny fan
to cool its circuitry and it's computer chips. You can beat it over
the short term, you may even beat it for several years, but you cannot
beat it forever. Sooner or later it will take more of your money than
it gives back.
In essence, Video Poker is the same as all the other games. The casino
has an advantage. You can do your best to overcome it with skill,
intelligence, or luck. The choice is up to you.
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