Better is Better than Best

            A long time ago, I remember reading an article about product marketing in which it stated that you'll never (rarely?) see a company say that there product is better than a similar product.  Why?  Because if you say something is better you have to prove that it is better.  If you, on the other hand, say your product is the 'best' product then it is possible for the other product to be 'best' too.  Best, in marketing parlance, simply means as good as, whereas, better means superior.  So much for those Run, Spot, Run books which talk about good, better and best.  In marketing it is more like good, best and better.

            As bad as it is in the English language, I think it gets even worse when it comes to math.  You can make numbers say just about anything you want them to.  In the past couple of years, much has been made about the 1% (or is it 2%) of the country that is the wealthiest members of our society.   Then there are those that focus on the remaining 99% (or is it 98%).  I don't get political in this column, so please understand I am making no political commentaries here - only mathematical ones.  A friend of mine posted up on Facebook the other day some statistics about what happens if you look at the top 1% of the world instead of just the U.S.A.  All of a sudden a very significant portion of the country is in the top 1%.   Which statistic is more relevant?  I know people who are millionaires who think they are doing 'ok' and I know people who make very modest salaries who are as happy as can be.   The relevance is more likely in the message that someone is trying to send rather than anything absolute. 

            In the case I just discussed, I'll assume that all data presented was reasonably accurate.  A such, no lies were told.  No misinformation was disseminated.   Data was simply presented in a way to try and get some particular message across.  A few months ago, I wrote a column in which I asked if the U.S. has had a Democrat or Republican President more.  In the past 5 years, it has been a Democrat.  But in the last 8 out of 13 years, we had a Republican.  But, in 13 of past 21 years, a Democrat.  In 20 of Past 33 years, a Republican.  I can keep going backwards through the 20th century.  Someone attempting to make a political point is likely to use whichever statistic backs his point the best, even though it may have only minor relevance to the point.

            When it comes to gambling, the numbers can be manipulated just as much, if not more so.  If I had to take a guess, I'd say that the average video poker machine in Las Vegas probably has a payback of 97%.   Now, if I'm a casino whose average video poker payback is only 96%, I might put together some advertising that simply says 'come to Vegas where the video pokers pay an average of 97%!' .  The implication is that the casino pays this as well, but that's not what they said.  On the other hand, a locals casino that likely has a significantly higher average payback is much more likely to say 'come to the XXX casino, where OUR video poker machines payback 98.5%'.  Of course, we don't really know how they calculate these averages.   With slot machines they simply can present how they paid in the prior month because there is no human error involved.  With video poker machines do they simply take a straight average of all their video poker paytables?  Do they weight $1 machines more than nickel machines?  Maybe there is a uniform method for doing this or maybe they have enough wiggle room to give you whatever number they feel will send the right message. 

            Of course the 'average' payback has very limited value to an Expert Player.  In the simplest example, let's assume we have 2 casinos with 2 video poker machines each.  One casino boasts a 98% average and the other a 97% average.  So, should you head over to the one with the higher average?  What if their 2 machines each have a 98% payback.  But the other casino has one paying 94.5% and the other paying 99.5%.   The only machine out of the bunch worth playing is this last one, even though the casino's average is lower than the others.

            One of the local casinos here boasts of having the most machines paying over 100%.  I'll assume that they are telling the truth with this, but that doesn't mean that their machines don't pay 100.01% and that all of the machines below 100% pay 96%.  Now, to the experienced Player you will still happily seek out the 100.01% machine, but this doesn't mean that you can just show up and sit down at any machine and know that you are playing 100.01%.  At the same time, you would be better off finding a 101% machine at another casino that may have only 3 machines of this type and whose average machine pays 96%!

            So, what's my point?  Don't be sucked in by numbers that can be made to say anything they want.  The payback of a machine is an absolute number, calculated with mathematical certainty.  It doesn't mean that every time you play (even if it is for a few hours), that you will experience this payback.  It does mean that over time, your experience should begin to approximate this theoretical payback, assuming you are using the right strategy.  When you look at the paytable on a machine, that tells you the payback of the machine.  This is all that matters.  Marketing numbers that the casinos produce are just that - numbers they produce.  After all, why trust the group that has actually made better, better than best?

VP Machines Playing Themselves

            This past week, I received an e-mail from a reader who told me about some video poker machines at the Soboba Indian Casino in Banning, California that sort of played themselves.  After being dealt the initial five cards, the machine would mark the cards that should be held (presumably according to some form of 'perfect' strategy).   If you wanted to hold a different set of cards, you had to 'uncheck' the hold buttons on those cards and hold the ones you wanted.  My reader wanted to know if this is the direction that video poker is heading.

            A little over a year ago, I received an e-mail from a company called Incredible Technologies that asked my opinion on a video poker game that they were offering at Red Rock Station.  It allowed the player to 'earn' strategy tips through winning hands.  This is not quite the same as the first situation as this only provides the Player with tips that he still has to listen to as opposed to going out of his way to ignore the strategy.   Is this the direction that video poker is heading?

            I tend to doubt it, and quite frankly a significant part of me certainly hopes not.   Just to be clear, my reasons for hoping this is not the new wave of video poker machines is NOT any fear of being made less relevant to video poker strategy or fear of losing some revenue.   While most of my columns for Gaming Today deal with video poker, most of my income is derived from table games.  In the 10+ years that I've been analyzing games, I think I've left my mark in that arena and don't have to worry about being the video poker guru that my father was.

            No, my reasons for hoping that this is not a new trend is that I think it is bad for Players.  Well, bad for good Players.  I supposed it might be good for bad Players.  The problem with this is that it tends to move video poker machines a few steps closer to slot machines.  There will still be significant differences.  The biggest being that we will still be able to know the payback of a video poker machine by looking at the paytable.  However, if all Players begin to play very close to the theoretical payback because the casinos hand the Player the strategy, then there will be NO way that they will be able to continue to offer 99%+ paybacks.  Casinos can offer games with high paybacks because they know that such a small number of Players utilize these strategies.  They can rely on human error to drive profits while still (truthfully) claiming paybacks near 100%.  It is the best of both worlds for them. 

            That brings me to the reasons why I doubt this is going to be a new hot trend that will overwhelm the video poker market.  Why would the casinos want to mess with what already is such a great situation.  They get to advertise machines with paybacks at near or over 100%.  Yet, they know that the games are almost never played anywhere near this amount.  Just like blackjack with a 99.5% payback but holds 9-15%, video poker machines do about the same.   Given the speed that video poker can be played, the profits that can be gotten from even quarter machines can easily outpace blackjack. 

            Most casinos are well aware that people such as me exist.  We write articles trying to get people to play the proper strategy.  We sell books and software to make Players, well, better Players.  At the same time, casinos know that despite this wealth of knowledge that is out there, most Players either don't bother with it at all or make some half-hearted attempt to use it or use it and then abandon it when they don't break the bank.  I've often surmised that I could hand out free copies of Expert Strategy for Three Card Poker at the entrance of a casino and STILL 75% of the Players who would sit down at a Three Card Poker table would not bother to follow the strategy in the least.   So, on the whole, casinos are not very afraid of Players bearing strategy because they are such a minority.

            However, handing the Player the strategy and then daring them to pick a different one may be far more than casinos are willing to do where strategy is concerned.  It is one thing to question when a Player wants to stand on a soft 16 in blackjack.  It is something all together different when a big flashing light comes on to say STICK when a Player has a 16 vs. a Dealer 2, and then only way the Dealer can hit is if he is willing to turn off the stick sign and go out of his way to hit.  In the case of video poker, if a Player really wants to not use the house strategy, then he is likely to find a different machine altogether.  After all, who wants to have to turn off the machine's decisions before entering his own on every hand?  So, there is a good chance that the actual payback of the video poker machine is going to quickly approach whatever the theoretical payback is.  Since the casinos will never allow games to be offered at 99% in this case, there only choice would be to greatly reduce the payback of video poker, which in turn will scare off all the good Players while at the same time, probably increasing the payback of many of the bad Players, as their errors will no longer be a factor.

            So, the only way I can see casinos adopting this concept is if they have some crazy reason to scare off some of their most loyal Players and want to reduce profits.  Nope, I don't see this as a big trend.  At best, perhaps some casinos will use them as a great marketing ploy, but that is it.

            

It is not about the Medium

            I don't think there is a game in the casino more misunderstood than video poker.  Even in the days when slots were mechanical, most people considered video poker to just be another slot machine, but one with a computer screen.  I think many people just think that it was too hard to create a mechanical machine using cards, so they digitized it all, but it still plays like a slot machine - all because the hardware looks roughly the same.  It is NOT the hardware that makes the game.

            This past week, I met a gentleman who told me he likes to play keno slots.  I have to be honest and say I had no idea what he was talking about.  He explained that he picks a certain amount of numbers from 1 to 80 and then the machine picks 20 numbers and he gets paid if the 20 picked includes at least some amount of the ones he picked.  I politely looked at him and said there is nothing 'slots' about what he just described.  He simply was playing keno in video version (hence it is called 'video keno').  He was playing the EXACT same game as if he was playing in a keno parlor marking the little pieces of paper and handing them to the scantily clad woman.  Ironically, the video version of keno tends to pay higher than the old fashioned version because the Player can play far more hands per hour.  I explained to this man that the machine pulls 20 completely random numbers and throws them onto the board.  It does NOT decide ahead of time that you will hit 3 of the 8 you marked and then decide which numbers to pull to make that happen.

            This is in essence the very difference between a slot machine and a video keno machine or a video poker machine or a video blackjack machine.  In the latter three games, the machine uses a random number generator to decide which card to deal or which ball to draw.  You win or lose based on the specific cards/balls it randomly draws.  In a slot machine, the machine first determines whether your will win or lose.  If you are to win, it will decide how much you will win and set the symbols in the appropriate fashion.  If you are to lose, it will decide exactly which symbols to show you - always a losing combination - but potentially set up to make you feel like you almost won. 

            Over the years, when I've been asked what I do for a living and explain that I analyze casino games, a frequent follow up question is if I do it for live games or electronic games.  Since the majority of my work is in table games my response is usually just that, but I tell them it really doesn't matter what medium the game is in.  As long as the game is using essentially a random deck of cards (or ping pong balls) where each card has an equal chance of appearing, it does not matter if you are playing a game with a real life dealer, at a casino on an electronic multi-player table, on a stand-alone machine in the casino or playing at home on some software.

            Video blackjack has existed for years in the casino.  They were not always easy to find, but many Players relished the idea of playing for only $1 per hand and having the same experience (well, mathematically) as playing at a live table.  I would certainly understand those that feel that playing on your own machine is not as sociable as playing at a table, but that's not a mathematical difference. 

            In the past few years, many casinos have added multi-player electronic versions of popular table games (i.e. Shuffle Master's TableMaster games).  These games play identically to the live games.  There are times when for one reason or another the casino chooses to employ different paytables, but the probabilities of winning a hand or losing a hand or being dealt a particular hand remains the same.  Any changes to the payback as a result of paytable changes cannot be sneaked past the Player.  These payouts must all be visible on the machine.   Because the digital cards are as random as real cards, we can always calculate the exact payback of any of these games based on the paytable. 

            While the name "Slot machines" presumably comes from the different slots the wheels are in (well, were in when they were mechanical), and there is a little bit of similarity in the notion that video poker cards are in 'slots' in the machine as well, this is where the similarity ends.  The critical difference between games like video poker and slots is that in video poker your cards are determined randomly and you win or lose based on the pattern of these cards.  With slots, whether your win or lose is determined by the machine and then you are presented with symbols to match the pre-determined outcome.   Slots could never be replicated on a live table, but games like video poker, video keno and video blackjack are (or could be).

Strategy is Underrated

          I can't stress enough the importance of using the right strategy when playing in the casino.  Over the years, I've heard all sorts of excuses for why people abandon strategy, ranging from it doesn't matter in the short run to some anecdotal story about how someone they know threw strategy to the wind and it paid off massively.  Yeah, that's nice.  If you're a sports fan, you know the importance of having a good coach or manager.  There are reasons why Pat Riley, Joe Torre and Bill Parcells are in such high demand.  Yes, it is because they win.  And they win because the utilize the right strategies for their respective sports.  This doesn't mean that once in a while their strategies won't fall apart.  Nor does it mean that there won't be times that they'll execute their strategy perfectly, yet still the other team will win due to a bad bounce.  I doubt any of these coaches would abandon their strategy over a bad bounce or a single loss.

            The same is true when you walk into the casino.  The coach/manager of your 'team' is you.  You decide which game to play.  This is the first key step in your strategy.  In fact, this leaves you with more power than any of the aforementioned coaches.  I'm sure many of them wish that they could pick their opponent on any given day, but they don't get to.  You on the other hand can decided whether to play slots, video poker or a table game.  If you decide on video poker (always a good choice), you decide which variation and to some degree, which paytable.  You can choose the short-pay paytable or make sure you find the full-pay paytable for the game of your choice.   Joe Torre isn't going to hit the field with only 8 fielders, why should you play jacks or better video poker that pays only 8 for a Full House instead of the full 9?

            Once you decide on your game and paytable, the real nitty gritty part of the strategy begins.  There are 52-cards in the deck.  There are 2,598,960 ways you can be dealt 5 cards from a 52-card deck.  There are 32 ways to play each of these deals, ranging from discarding none of the cards to discarding them all.  You have to make a decision on each of these hands which ones you will keep and which ones you will discard.  Fortunately, in about 75% of the cases, it is fairly obvious which ones you want to keep.  The other 25% is the challenge.  Back to our baseball analogy.  Most of the time, there isn't a lot for the manager to do.  He doesn't really have to tell his leadoff batter to 'get on base' every time he comes up.  I think it is fairly obvious that's what he will be trying to do.

            Unlike the baseball manager who has to outguess the opposing manager and players, the video poker Player doesn't need to outguess anyone or anything.  Video Poker is a game of pure math.  For each of those 32 possible ways to discard, there is a finite number of ways the hand can be completed.  Using computers, we can determine the final hand rank of every one of those hands and determine, on average, how many units the Player can expect to have return to him.  It is true that we don't know exactly which cards will come up this time, but we do know that over time, the actual results will approximate our expected results.  Based on this, we learn that the best play for the Player is to play the hand whichever way results in the highest expected return of units.  We call this 'expected value' or EV for short.

            This concept is used for EVERY single decision made in the casino in every game with any strategy.  The decision to hit or stick in blackjack is decided by which of these two decisions results in the higher expected value.  We Fold on Q-6-3 in Three Card Poker and Play on Q-6-4 because in the case of the Q-6-4, Playing has a higher Expected Value than Folding.  The opposite is true for Q-6-3.

            You are in complete control of how to play these hands.  In the case of video poker, the decisions you make are ones that can result in the machine you are playing having a 100.5% payback or a 96% payback.  One payback means you will win in the long run and the other means you will lose (and lose a lot more) in the long run.

            Does playing the right strategy mean you will win every session?  Absolutely not.  It just means your chances of winning increases greatly.   In today's world, the manager that utilizes matchup charts that show how hitters have done against certain pitchers is likely to be far more successful than one who just feels that now is the right time for a certain pinch hitter - he's due to get a hit.    Utilizing the right strategy is important in a variety of situations.  I can't stress enough that the casino is most definitely one of these situations.

For the Love of the Game

            Perseverance can be a positive trait when you are trying to invent a new table game.  Unfortunately, it can also be a negative one which can all but kill your chances of ever having a game reach the casino floor.  This translates to one simple thought - Don't fall in love with your game.

            Getting a game into a casino is not an easy thing.  Getting it stay in the casino if you manage to get it placed is even harder.  Perhaps 5% of all games that are conceived of make it to the floor.  Of those that do, maybe 5% that make it there stay for any length of time and continue to grow.  When you add it all up, about 1% of all games invented are some type of financial success for the inventor. 

            This past week I had a conversation with a newcomer to the industry and reminded him that only 1 out of a hundred games becomes a success.  His response was that he'll just have to make sure he comes up with 100 games so that one of them can be successful.  That type of perseverance is the type you want to have. 

            A few years ago, I got a call from an inventor who wanted me to tweak a game that my father had originally worked on for him.  I found the file.  My father had worked on the game 10 years earlier.  In the 10 years, the game had been given a trial or two in a casino and been pulled out relatively quickly.  This is not a time for tweaks.  It is a time to move on to the next idea.  This type of perseverance could be a killer. 

            Roger Snow, Executive VP of Shuffle Master, may very well be the most prolific table game inventor of them all, with games like UltimateTexas Hold'em, Four Card Poker and Crazy 4 Poker to his credit.  He likes to remind people that he has probably invented more flops than anyone in the industry as well.  This doesn't mean that you should take any idea you have and quickly try to get it into a casino, with the goal being to try as any games as you can and hope something sticks.  Unless you have a track record of success, casinos are going to give you only so many chances, so you do want to put your best foot forward.

            If you do manage to get your game into the casino for a trial, it is time to take off the rose-colored glasses.  Listen to the feedback the table games manager gives you.  If the game isn't fairing well, don't start blaming it all on the casino that was kind enough to give you the trial.  They are NOT setting you up for failure.  Even in a free trial, it costs the casino money to try out your game.  They need to train the dealers.  They need to make room for your game by removing some other game that might have been doing okay - in hopes that yours will do great.

            No one can predict the success or failure of a game with a high degree of certainty.  In the end, it must perform which means its success is at the whim of the Players.  I have been working directly with inventors for a decade and indirectly for three decades and there is no clear rhyme or reason as to what succeeds and what doesn't.   The only thing is certain is that if you bring it to the Players and the Players don't like it - it is NOT a success.  It does not matter that your brother, sister, mother and Aunt Tilly all love the game and think it is the greatest thing they've ever seen.  I don't know how to tell you this - but they are BIASED!  This is the same bunch that told you how much they love that new pair of glasses - you know, the ones that make you look like a 1970's version of Elton John.

            If you spend 10 or 15 years trying to get a single game into the casino, you will likely have overlooked many other good ideas that you might have had.  There is a 99% chance that any single game idea you have will fail.  Every game that is invented is, as they say, a slave to the math.  That same math should be telling you that after a certain number of setbacks, your chances of success are greater by moving on than by insisting that the reason your game failed was some flaw of anything but the game itself.  Putting it another way, the expected value of working on the next game is greater than continuing to beat the dead horse.  And by now, you all know that the right play is the one with the higher expected value.

Still Wild About Deuces Wild

            A few weeks ago, I wrote about full-pay deuces wild video poker and it's 100.6% payback.  It has gotten harder to find 100+% payback machines, but this one can still be found in many of the casinos that cater to the locals (i.e. OFF the strip!)  People are still amazed to find that such machines exist at all.  As I've written many times, the casinos don't mind leaving a few of these around in lower denominations.  This way they can say that they have positive payback machines, but they don't really have to worry about the professionals swarming on them.

            Even if you are an Expert Player who can play at 800 hands per hour, you're dropping $1000 in the machine every hour.  At 0.6% advantage, you can expect to win $6 per hour.  It certainly beats losing, but no one is getting rich at $6 per hour.  If you're willing to sit in a casino for 40 hours per week just as you would any other job, you might be able to clear $12,000 per year.  Of course, you won't be collecting a regular paycheck.  Some weeks you're going to lose and others you're going to hit the big payout.  But, at the end of the year, should be fairly close to that $12,000.  This will be your reward for playing roughly 1.6 million hands of video poker and putting into the machine a mere $2 million!

            I'm not going to recommend you quit your day job and try this.  In fact, I won't even recommend you give up looking for work, if you currently are, and become an professional video poker Player.  For almost everyone reading this column, you are a recreational player and video poker is a form of entertainment.  Some nights you win, some nights you lose.  Depending how long you play for per session, you'll lose roughly 2 out of every 3 times you play.  But, if you pick the right machines and learn the right strategy, your night out might cost you $20 and you can get some entertainment and a few drinks.

            With a 100.6% payback, you would definitely be picking the right machine with Deuces Wild.  So, the only other thing for you to do is to learn the right strategy.   At first glance, the strategy table for Deuces Wild might look daunting due to its size, but when you look closely, you'll see it is broken down by the number of Deuces.  If you make sure to learn it this way, you'll find it much easier to learn AND you'll be doing yourself a huge favor in terms of learning to play properly.  Deuces is not a hard game to learn.  It is just so vastly different from any other game, that people make lots of mistakes.

            One of the most important things to learn is when to hold just the Deuces when drawing.  it is so tempting to want to hold the best possible portion of a hand, but sometimes you simply box yourself into a corner by doing so.  For example, if you are dealt the following:

2          2          6D       7C       QD

            You may be very tempted to hold the 4-Card Straight figuring that there are so many possible cards to complete the Straight (a 3, 4, 5, 8, 9 or 10).  If you pick up a 6 or a 7, you'll have Quads.  This is clearly superior to going for the 4-card Flush, which would require one of the remaining 11 (or 10 if the 2 was a Diamond) diamonds to make a Flush or a 6 or Q to complete the Quads.

            The problem with either of these is that they completely eliminate the possibility of any of the bigger payouts while in essence targeting some of the lower paying hands.   Further, we the two Deuces, we can do no worse than wind up with Trips, so it is not like we are giving up a sure winner.  Proper strategy says that unless you have a Royal, Five of a Kind, Straight Flush, Four of a Kind or a 4-Card Royal, you hold ONLY the two Deuces.

            When we take a closer look at the strategy, we find that we ONLY go for a 4-Card Straight or 4-Card Flush IF we have NO Deuces.   Be very prepared when dealt Deuces in Deuces Wild to frequently play them 'bare' (hold only the Deuces).  Of the 2,598,960 possible 5-card initial deals, 48 will consist of 4 Deuces (obviously, you're done when this happens).  Three Deuces will occur 4,512.  About 90% of these will be played as just the three Deuces.  Two Deuces will happen 103,776 and nearly 75% of these will be played as just the two Deuces.  A single Deuce will be dealt 778,310 times.  About 45% of these will be played as the single Deuce.  This is the 3rd most common hand in Deuces, following a Pair and a Razgu. 

            If you want to learn to play Deuces Wild, we have three different products that can help you.  You can find the strategy tables for full-pay Deuces Wild in our book Expert Video Poker for Las Vegas ($5).  We have the strategy table for full-pay Deuces Wild plus a variety of variations of full-pay Deuces Wild in Winning Strategies for Video Poker ($5).  Lastly, we have our Deuces Wild Tipsheet ($2.95) which contains the strategy tables for 3 different Deuces paytables and has the most detailed information on the full-pay variety of any of our 3 sources.  You can order any or all of these directly from us.  Send a check or money order to Gambatria, P.O. Box 36474, Las Vegas, NV 89133

Near Miss Adrenaline Rush

            The misconception about how slot machines work is truly staggering.  Recently I had a conversation about the current generation of video slots with some friends.  As I’ve stated many times before in my column, there seems to be near unanimous consensus that many of these video slots are so confusing that even knowledgeable people can’t figure out when they won and when they lost.  This, in my opinion, takes away from whatever ‘fun’ slots can be.  It does not change their very nature.

            One of my friends in this conversation remarked how with the older mechanical slots, at least you know what your chance were of getting a particular symbol!  I had to explain to this person that this was not the case at all!  While the new video slots may have 30 or 40 different symbols on a ‘reel’, and the older mechanical ones may have only 10 or 15, this doesn’t really change a thing about how they operate.  It only gives them less combinations to show the Player, but it has absolutely NOTHING to do with the odds of any particular set of symbols from being the final ‘hand’.

            Let me make sure everyone understands this completely.  Let’s take an older mechanical slot that has 12 different symbols on it.  For argument’s sake, let’s say they are Red 7, White 7, Blue 7, Triple Bar, Double Bar, Single Bar, Cherry, Plum, Orange, Lemon, Bell and space/nothing.  If each of these symbols appears on each reel exactly once, there would be 12 times 12 times 12 possible combinations of symbols, or 1728 combinations.  Assuming each symbol appears with the same probability, you’d get 3 Red 7s on average 1 in 1728 spins.  Of course, you’d also get 3 oranges just as often, which makes it difficult to pay 5 for one and 1000 for the other!

            So, very quickly we learn that the odds of each symbol appearing are not the same.  Perhaps the Cherry is programmed (YES, even on mechanical slots) to appear 20 times more often than a Red 7.  Well, this by itself is not very surprising.  Of course, since no one but the casino and/or the manufacturer know the specific programming, the Player has no way of knowing what the odds of anything are.  But, it doesn’t stop there.  The symbols on the reels are not programmed independently.  Rather, each of the 1728 possible combinations is assigned a probability of occurring (many of the combinations may have ZERO chance of occurring).  In this manner, the casino can control the result completely!  It is much more compelling for the Player to get Bar, Bar, Plum instead of Plum, Bar, Bar.  Once the Player sees Plum, Bar he knows he has lost.  But, with Bar, Bar his adrenaline starts pumping.  When that Plum shows up, the sense of just barely missing is in full force and the Player is compelled to try again because he ‘just barely missed!’

            Yes, I’m saying what you think I’m saying.  Near misses are programmed into slot machines.  I read an article a couple of years ago in The Economist that discussed how scientific testing shows that near misses can trigger a similar neurological response to actually winning.  So, by feeding you all those near misses, the casino is almost tricking you into feeling like you won.  Let me also be clear about another point.  This is absolutely and completely legal.  In reality, playing a slot machine is no different than buying a lottery scratch off ticket.  Whether you’ve won or lost is determined the moment you say ‘spin’.  You’ll get a few wins.  You’ll get some ugly losses.  Mostly, you’ll get a lot of just barely missed. 

            When we compare this to video poker, we find out that there is very little similarity.  Yes, the 5-card deal is determined the moment you say ‘Deal’, but the probability of each card being dealt is the same as every other card.  From there, you have 32 different ways you can play the hand, and the resulting draw will be based on randomness.  Each of the remaining 47 cards has the same probability as the others of showing up in the Draw.  Because of this, the ‘near misses’ you get in video poker are not pre-determined, but rather part of the excitement of a 5-card draw poker game.

            This is just one of the many reasons my father, Lenny Frome, felt that video poker should officially be declared America’s National Game of Chance.  There’s nothing rigged about it.  There are no purposeful near misses.  Everything about the game is known and it offers high paybacks for those who learn the strategy required to play it.  One of the best ways to learn more about video poker is from my father’s book Video Poker: America’s National Game of Chance.  It is 200 pages of dozens of some of my father’s best articles about video poker, all geared to teaching you how to play in a more laid back way.  It retails for $19.95, but for a limited time, I’m making it available for ONLY $6 each or 2 for $10, which includes 1^st class shipping and handling.  Send a check or money order to Compu-Flyers, P.O. Box 132, Bogota, NJ 07603.

What To Do When You Win Early

            A couple of weeks ago, a reader sent me a note asking what he should do when he finds himself up significantly very early in a session when he expected to play 4-5 hours.  This is not an easy question to answer as it is really isn’t a math question.  The bottom line is that if you are playing a game with a payback below 100% (you can choose to throw in comps and cashback if you want) then you are playing a game in which you will lose over the long run.  The more you play, the greater the likelihood that you will lose and the amount you are likely to lose (from the beginning of time) continues to go up. 

            Of course, using this logic, you should never play any game with a payback below 100%.  So, if your only reason for playing is winning then you should stop now unless you are playing some of the video poker machines that pay over 100%.  However, as I have long surmised, most of you play in the casino for entertainment purposes.  We all want to win when we play, and the games are created to allow you to win some of the time over short sessions.  So, what is the answer when we’re up $100-$200 after 20 minutes of play after taking a long drive to the casino and expecting to play deep into the night?

            I’ve already explained the mathematical answer, but I don’t think that’s the one my reader was looking for.  So, the question has to be answered more from an emotional standpoint.  First of all, it is good for the psyche to win some of our sessions.  So, it might not be a bad idea to just walk away for the evening.  If you make these trips on a regular basis, giving up the few extra hours of play and driving home may be one solution.  Another possibility is to take your winnings and find something else to do in/around the casino.  Most have some other form of entertainment available.  Go see a show or a movie.  Go bowling.  Head to the video arcade (Pac-man, not video poker!).  This latter one is one of my personal favorites.  I can make a dollar last pretty long on a pinball machine! 

            Another possibility is to take it down in denomination.  If you’ve been playing quarters, maybe you want to try nickels for a little while.  If you’ve been playing multi-play, go back to playing a single hand.  The simple fact is that the math is against you and you can’t change that.  The key is to not allow yourself to lose your psychological edge.  You hold in your hand the casino’s money.  There is no reason to give it back. 

            The last thing you want to do is losing your composure.  It is human nature to get frustrated when the winning streak stops.  We start losing some of what we won and we want to get it back.  So, we start increasing our wager or taking bigger chances in the hopes of recovering some of what we started to give back.  If we were already on a downswing, our bankroll may be dwindling which limits the downside.  Or the credits may almost be gone from the machine so it will give us a reason to stretch our legs.  If, however, we just had a big win, these braking mechanisms won’t be there. 

            At the very least, I advocate hitting the “Cash Out” and taking your ticket out and going to cash it in.  Start with a new $20 after taking a little breather.  We’ve all seen the little disclaimer on advertising (when talking about stocks and the like) that past performance is not necessarily and indication of future gains.  Nothing could be more true for gambling.  In fact, it may be even more true for gambling.  What happened in the past is meaningless.  The game you are playing has a particular payback and that is what you can expect to happen over the long run going forward.  You simply cannot change this.  But, you CAN change how you let it effect you.