As for the money won and lost for the six categories, here is
how it went:
1. Deuces Wild: minus $2,678
2. Loose Deuces, etc.: plus $ 4,075
3. All-American Poker: minus $ 4,726
4. Double Bonus: minus $1,708
5. East Coast VP: minus $1,832
6. Targets of opportunity: plus $923


All the win/loss figures do not include cashback, just me against
the game, with one exception: Money won for "Hot Cards"
is included. Hot cards are special promotions where a getting
a specific four of kind is hand-paid an amount equal to the
machine pay.
It should be clear that I was playing an excellent choice
of games in 1999. The next question must be: was I playing perfect-enough
strategy?
Perfect strategy, no. Near perfect, yes. It is doubtful that
my skill level is lower than the indicated percentages by more
than .02 percent for any of the indicated games. That is, if
100.76 percent is perfect, Im sure I play above the 100.74
percent level. Since Im playing a half-dozen different
games, it takes a lot of effort to play each game well. I have
to occasionally refer to my strategy cards, and Im constantly
computer analyzing oddball hands for each game.
I have the available strategy cards (i.e. by Dancer/Daily,
Paymar, Frome and others). I synthesize their information and
make my own strategy cards for each game. For the various Deuces
Wild games, I have the standard game down pat and only use what
I call a "Delta strategy" card for Loose Deuces and
other variations. The Delta strategy gives the changes for the
particular game over the standard Deuces game. I keep a separate
full strategy card for 10/7 Double Bonus, 10/7/80 Double Bonus,
and All-American Poker.
More serious than strategy errors that I might make is what
I call "mechanical errors." These include sticky buttons
on the machine, or missing a low pair, or hitting the adjacent
button to the one I really want to hit. I love to play fast
machines, and in the heat of the moment, I sometimes discard
a low pair and see it flash by on the redeal. Although this
is a rare occurrence, it is unsettling. When it happens, I slow
down my play. One time, playing Deuces Wild, I discarded a pair
of 4s and held only a Deuce. What unfolded before my eyes was
instantly heartbreaking, followed by instant exhilaration. The
next card that came up was a 4, followed by a Deuce (there goes
five of a kind) followed by two more Deuces. So a mistake made
missing a pair turned five of a kind into four Deuces (just
dumb luck).
When you play a lot of video poker, you have to consider cashback
from the casino a significant factor that determines where you
play. Cashback comes in two forms. The first type is cash earned
proportional to the amount of money you put into the machine.
This cash "credit" is automatically accumulated from
the slot card reader at the machine, and stored in the casino's
players club computer, available for future withdrawal. The
percentage return for this cash varies from 0.0093 percent to
0.667 percent, depending on the casinos slot club policy.
Some casinos give zero cash and only give credits towards comps,
some give both cash and comp credit, and some give cash or comps.
The other cash that casinos give is in the form of monthly
(or periodic) "Bounce Back" coupons that can be redeemed
on specific visits. The coupons, sometimes called "welfare
checks," are a minimum of $5, average $10, many times are
as high as $25, and for high rollers, can be as much as $100.
These "nickels and dimes," plus the small percentage
cash returns for play, really add up and turn your "losing"
play into winning play. How important cashback is, can be seen
in the amount of cash I received in 1999. This cashback was
$5,955 and more than offset the $1,692 loss I had for the year.
The beauty of cashback is that it is always positive. To illustrate
how cashback influenced my "results" during the year,
look at the graph in Figure 2.
The red graph is a repeat of the win/loss curve shown in Figure
1. The green graph shows the results of adding cash as it was
collected to the wins and losses of the red curve. The net result
shows that the green curve follows the red curve pretty closely
in the first quarter of the year. This is to be expected since
very little money is collected during this period, except for
some welfare checks. As more welfare checks are collected and
some cash withdrawals are made, plus the fact that cashback
is always positive, the green curve shows a clear separation
from the red curve during the second quarter. By the third and
fourth quarters, the green curve really pulls away from the
red curve, and the significance of cashback is clearly illustrated.
No discussion about the net results of video poker play would
be complete with mentioning jackpot tips. Tips to change persons
for hand-pay jackpots are "expected" and an expense
of the game. For the year 1999, I paid out $446 in tips to change
people for royal flushes and other hand-pays. This is subtracted
from my net results, and is included in the green curve of Figure
2, which is slightly lower due to tipping.
In summary, all the skill in the world won't guarantee that
you will win during any video poker session. Luck is a big factor.
If you don't get good cards, you will be a loser. You have no
control over the first five cards dealt to you.
But you do have a choice of what cards to hold. Thats
when the skill factor comes into play. Making the right choice
of which cards to hold will improve your results on average,
no matter what initial cards you are dealt.
Also, you have control over where you play and what machines
you play. Your choices of where to play must be based on the
best value to you. Cashback, double or triple points or "Hot
Card" promotions, comps and other amenities must be considered
when making your choice.
Although my video poker playing results end up on the down
side, it was a hell of a ride. And cashback, always a plus,
thankfully made my results positive. I experienced "the
thrill of victory and the agony of defeat."
On the up side, I earned a lot of cashback, ate hundreds of
comped meals, and enjoyed many other freebies. There is no other
hobby that I know of that provides a mentally stimulating challenge,
gives so many benefits, and allows you to make a few bucks along
the way.