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re: So Stephen Paddock was a professional VIDEO POKER player?
Posted on 10/5/17 at 8:47 am to SlowFlowPro
Posted on 10/5/17 at 8:47 am to SlowFlowPro
Maybe just Cliffs Notes on the difference between the sucker Louisiana machines and the "beatable" Vegas ones?
1
Posted on 10/5/17 at 8:48 am to GeorgePaton
Sounds like natural selection was simply sped up in your scenarios. If gambling didn't get them, some other addition or episode of poor judgment would have.
Posted on 10/5/17 at 8:48 am to GumboPot
quote:
Unless there is quirk in the software that he knew about.
no there can be edges. you have to look at the payouts
888 blog on video poker
go to the 7 minute mark of this video for a real life application
Posted on 10/5/17 at 8:50 am to Y.A. Tittle
quote:
Maybe just Cliffs Notes on the difference between the sucker Louisiana machines and the "beatable" Vegas ones?
i posted a video but long story short, LV machines often pay back 100%, and some actually pay out over 100%
the example he found in Nola pays back 75%, so that machine is utterly unbeatable
Posted on 10/5/17 at 8:52 am to The Spleen
quote:
He was probably a card counter and just played video poker so as to not raise suspicions. Pretty common thing for card counters to do.
I'm pretty sure card counting doesn't work on video poker. Now it may work in video poker if you are not playing against the machine but rather against other humans and the machine is just acting like the casino dealer.
Posted on 10/5/17 at 8:53 am to SlowFlowPro
Posted on 10/5/17 at 8:57 am to GumboPot
i don't play video poker and didn't know anything about it until that vlogger talked about it. then he hit Nola and i remembered that video
to make money you probably have to grind the frick out of those machines, but with comps i guess it can be worth it?
one of my friends is playing poker in LV currently and the room he plays pays $600 if you play 60 hours in a week. and he gets over $1/hour comp for play, so he's clearing $660+/week effectively before his first cent of poker profit. LV is full of spots like that if you grind it out
to make money you probably have to grind the frick out of those machines, but with comps i guess it can be worth it?
one of my friends is playing poker in LV currently and the room he plays pays $600 if you play 60 hours in a week. and he gets over $1/hour comp for play, so he's clearing $660+/week effectively before his first cent of poker profit. LV is full of spots like that if you grind it out
Posted on 10/5/17 at 8:57 am to GumboPot
quote:
I'm pretty sure card counting doesn't work on video poker.
I meant he counted cards at the blackjack tables and that's where he made his money. He'd go play video poker to keep the casinos from getting suspicious. Playing video poker probably also got him free rooms and meals.
I don't know. Just a theory. I've heard it's a pretty common thing for card counters to do.
Posted on 10/5/17 at 8:59 am to The Spleen
well
a. individuals can't count cards. card counting operations require a team to really work
b. it's all but impossible to count cards in major casinos these days. too many decks in play
a. individuals can't count cards. card counting operations require a team to really work
b. it's all but impossible to count cards in major casinos these days. too many decks in play
Posted on 10/5/17 at 9:01 am to SlowFlowPro
quote:
to make money you probably have to grind the frick out of those machines,
Right.
There are much better ways to make money IMO.
Posted on 10/5/17 at 9:02 am to The Spleen
quote:
I meant he counted cards at the blackjack tables and that's where he made his money. He'd go play video poker to keep the casinos from getting suspicious. Playing video poker probably also got him free rooms and meals.
I don't know. Just a theory. I've heard it's a pretty common thing for card counters to do.
Makes sense.
Posted on 10/5/17 at 9:03 am to GumboPot
yeah it sounds like a +EV move for an uneducated 20 something who doesn't want a "real job"
Posted on 10/5/17 at 9:03 am to Boomshockalocka
quote:
There are Texas hold 'em 'video poker machines' where you play against other players only. House takes a rake. Could be a terminology discrepancy.
This is not what he was doing, nor are these machines prevalent. He was playing high limit video poker. Similar to a slot machine except there are various forms of 5 card draw, deuces wild, etc. There are payouts for different hands that you make. What people like him do is go to various casinos and ask cocktail waitresses (which is how he met his girlfriend), cleaning staff, or other lower level employees that they get to know over time what machines haven't paid out in a long time.
He was only a "professional video poker player" in the since that it was his main source of income. So he goes to machines and inserts 100 bills as fast as possible while playing. I've seen someone do this before and it's absurd.
This would be an example
Posted on 10/5/17 at 9:05 am to SlowFlowPro
quote:
b. it's all but impossible to count cards in major casinos these days. too many decks in play
It's my understanding that even with several decks the odds can really swing and you simply bet appropriately on those swings. Bet low or fold when the odds are against you and bet high when the odds are with you. Some people are really good at the +1, -1 system.
Posted on 10/5/17 at 9:07 am to GeorgePaton
quote:
All kinds of horror stories. Broken lives and broken families. All due to the addiction called gambling. Instead of purging society of this parasite, we just allow it to spread even more.
While I'm not really a fan of gambling at all I also don't think of things should be banned simply because some people have a problem with self-control
This post was edited on 10/5/17 at 9:08 am
Posted on 10/5/17 at 9:07 am to SlowFlowPro
quote:
b. it's all but impossible to count cards in major casinos these days. too many decks in play
You're smarter than this. It's much better to count on a 6 deck shoe as there are not enough cards delt on a single or double deck shoe for the count to get high enough to experience any positive expected value.
The amount of cards in play - single/double deck vs 6 deck shoe has nothing to do with the level of difficulty of counting cards. And you are literally just adding and subtracting the number 1 over and over again.
Posted on 10/5/17 at 9:10 am to the_watcher
yeah but adding decks increases the variance exponentially
the fundamental +/- system works and may work over 1M hands, but it's not an effective system for an individual in real terms
that's why even with playing perfectly and the +/- system, the casino still has an edge
the fundamental +/- system works and may work over 1M hands, but it's not an effective system for an individual in real terms
that's why even with playing perfectly and the +/- system, the casino still has an edge
Posted on 10/5/17 at 9:16 am to SlowFlowPro
quote:
yeah but adding decks increases the variance exponentially
They don't "add decks." You play a shoe with six total decks in it. Finish the shoe and the dealer loads 6 new decks in, hands someone at the table a yellow card, and asks them to cut the new decks. The count starts over.
quote:
the fundamental +/- system works and may work over 1M hands, but it's not an effective system for an individual in real terms
So why is it not allowed?
quote:
that's why even with playing perfectly and the +/- system, the casino still has an edge
The reason they still have an edge is all the hands before the count changes in the players favor. And there is just as good of a chance that the count goes negative and never gets good for the player. Hence the "team concept" for the MIT guys as one player bets the minimum until the count is favorable then someone else comes in and starting betting table max
You're out of your depth on this one
Posted on 10/5/17 at 9:17 am to GeorgePaton
quote:
All gambling is a cancer.
This is why I can't bring myself to be a full fledged Libertarian.
There's a part of me that says - their money, their problem. I'm not a huge gambler, Ive never bought a lottery ticket. I've sat at a blackjack table a few times and made enough to upgrade dinner that night.
Ive watched people chase losses, Ive overheard conversations where spouses were about to gamble away their house payment for that month. Its sad. And it is a cancer.
Its the same way with porn. That's a rabbit hole I have seen people close to me go down and destroy their lives. When that Ashley Madison list came out, I personally knew three people on the list. A church deacon, a CEO of a mid-size business, and a successful Insurance broker. All had their lives turned upside down - all three told me it started with porn.
Posted on 10/5/17 at 9:18 am to PsychTiger
quote:
If gambling didn't get them, some other addition or episode of poor judgment would have.
You make a valid point. But I wonder about the family (children, grandchildren) of that older woman who killed herself and her husband. What about them? Or the lady who lost her mortgage payment. Was she able to make her payment? Most important, did it happen again?
Certainly we can agree, tragedies like this have a trickle down effect. When people lose everything, then is there a trickle down effect on inceased demand for social services provided by the government? People still have to eat. So I would be curious to know the level of increase in food stamp usage and government social services in those communities where gambling casinos were opened for business? Somebody has to pay for those services.
But then I don't know anything about you. Maybe you work at a casino. Politicians supporting establishment of gambling in their district always use the argument that a casino will create jobs and increase tax revenue. That argument was made in the state I live in now regarding the lottery. They argued in favor of the lottery by saying the money will be used for education. Yeah right!
Gamble on brotha!
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