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Next: Best NL Holdem Tournament books?
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External
Since: Jul 23, 2003
Posts: 2
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(Msg. 1) Posted: Thu Aug 14, 2003 5:13 pm
Post subject: VIDEO POKER TOURNAMENTS
Archived from groups: rec>gambling>poker (more info?)
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To all the video poker experts out there, i need your help!!
I play in a Jacks or Better video tournament a few times a week at a
local casino in San Diego. You start with $1,000, and u have 30 min to
play. You can bet anywhere from .25 to $20.00 on any given hand, and
if u win, u have the option of taking the win or doubling up on high
or low card up to 4 times max. The buy-in is $20.00 with $100 added to
the prize pool, with 3 places paid 1st-50%, 2nd-30%, and 3rd-20%, and
free buffet tickets for 4th-6th($11 value). The payscale is a standard
8/5 Jacks or Better. When i first start out, i always try to play
aggressive (bet $20, and double up at every opp). When i have the lead
in the tourney, i usually drop my bet down low and wait for someone to
overtake me, if they do, i go back up and play normal. I usually try
to double on 3 of a kind or better, 1 pair or 2 pair i just take it to
keep me going. Is this correct? Also, i usually stick to the strategy
chart as far as discarding is concerned, i never deviate from it. Is
this correct? First place is always around 2,500 to 3,500.
Also, there is a monthly tourney that all 1st place finishers get into
for free. 10 places paid, with 1st usually $3,500 or so. There are 4
heats, you play 1 heat per each 1st place finish. Each heat is three
15 min intervals, usually 100 or so entrients. Is the strategy
different for these? If so, please explain. I would think u have to be
alot more aggressive in doubling up in these, because of the large
field, and also the quality of players your up against.
Also, if you know any video poker pro's, please give me their e-mail
address.
Best regards,
Lee |
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External
Since: Jul 12, 2003
Posts: 177
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(Msg. 2) Posted: Sat Aug 16, 2003 6:20 pm
Post subject: Re: VIDEO POKER TOURNAMENTS [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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Rounder2000 wrote:
> When i have the lead
> in the tourney, i usually drop my bet down low and wait for someone to
> overtake me, if they do, i go back up and play normal. I usually try
> to double on 3 of a kind or better, 1 pair or 2 pair i just take it to
> keep me going. Is this correct?
The double-or-nothing game is slightly -EV; the dealer draws first, so
he's got the chance of pulling from 4 nut Aces, at which point you can
only tie by drawing from 3.
So it seems like a good strategy here is to *never* double up when
you're in the lead; sometimes double up when you're jockeying for the
lead (and probably on 1 pair wins; doing this on 2* and 3* payouts
increases your variance); and pretty much jam it for as many times as
the machine will let you when you're behind and near the end of the tourey. |
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External
Since: Aug 18, 2003
Posts: 2
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(Msg. 3) Posted: Mon Aug 18, 2003 12:09 am
Post subject: Re: VIDEO POKER TOURNAMENTS [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Jeff Porten" <rgp.RemoveThis@plenarcast.com> wrote in message
news:bhmao6$bke$1@bob.news.rcn.net...
> The double-or-nothing game is slightly -EV; the dealer draws first, so
> he's got the chance of pulling from 4 nut Aces, at which point you can
> only tie by drawing from 3.
Nope, that's wrong. Suppose there are only two cards in the deck (say an
Ace and a Deuce). If the dealer goes first, he has a 50% chance of getting
the Ace and winning and a 50% chance of losing. The second player has
exactly the same odds. There is no advantage to going first.
--jazbo
http://www.jazbo.com >> Stay informed about: VIDEO POKER TOURNAMENTS |
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External
Since: Jul 12, 2003
Posts: 177
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(Msg. 4) Posted: Mon Aug 18, 2003 4:11 am
Post subject: Re: VIDEO POKER TOURNAMENTS [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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Jazbo wrote:
> Nope, that's wrong. Suppose there are only two cards in the deck (say an
> Ace and a Deuce). If the dealer goes first, he has a 50% chance of getting
> the Ace and winning and a 50% chance of losing. The second player has
> exactly the same odds. There is no advantage to going first.
Just crunched a few numbers in order to prove you wrong, and was
surprised to see the final number turn out to be 1.000. Hmmm. Can't
see a flaw in my logic, so maybe you're right; looks like the edge of
when the house draws the A is exactly counterbalanced by the edge for
the player when the house draws the deuce (increasing the chance of a
win over a tie).
But my gut says that I'd be shocked to see an even game offered on a
machine... so if someone can point out the flaw in my or Jazbo's logic,
I'd appreciate it.
My gut also wonders that if there's no house advantage to going first,
why does the house ALWAYS go first in these games? >> Stay informed about: VIDEO POKER TOURNAMENTS |
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External
Since: Sep 14, 2003
Posts: 1
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(Msg. 5) Posted: Sun Sep 14, 2003 8:07 am
Post subject: Re: VIDEO POKER TOURNAMENTS [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Jeff Porten" <rgp.TakeThisOut@plenarcast.com> wrote in message
news:bhq1nq$7mm$1@bob.news.rcn.net...
> Jazbo wrote:
>
> > Nope, that's wrong. Suppose there are only two cards in the deck (say
an
> > Ace and a Deuce). If the dealer goes first, he has a 50% chance of
getting
> > the Ace and winning and a 50% chance of losing. The second player has
> > exactly the same odds. There is no advantage to going first.
>
> Just crunched a few numbers in order to prove you wrong, and was
> surprised to see the final number turn out to be 1.000. Hmmm. Can't
> see a flaw in my logic,
Maybe because when there are 10 cards left he has a 10% chance to draw an
ace but if he doesn't, you have a 1 in 9 or 11%? Dunno. >> Stay informed about: VIDEO POKER TOURNAMENTS |
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External
Since: Jul 12, 2003
Posts: 177
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(Msg. 6) Posted: Tue Sep 16, 2003 11:48 am
Post subject: Re: VIDEO POKER TOURNAMENTS [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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J Sale wrote:
> Maybe because when there are 10 cards left he has a 10% chance to draw an
> ace but if he doesn't, you have a 1 in 9 or 11%? Dunno.
Well, that was my thinking. But in my spreadsheet, it turned out that
the house edge when it draws the highest card first is exactly
counterbalanced by the player edge when the house draws the deuce first.
And I've seen a few slot machines where it's double-or-nothing, decide
if the card drawn is red or black. Assuming a fair deal, that's
obviously an even game.
So my revised theory is that this actually IS an even game, but the
house makes its money because some people will double-or-nothing
multiple times until they lose. Even that would be an even game
against the people who make it through several doubles -- excepting
that some people will blow their entire bankroll before they have a
chance to double through. So the house edge is in the way it's
played, even though the game would be even if people had an infinite
bankroll. >> Stay informed about: VIDEO POKER TOURNAMENTS |
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External
Since: Sep 16, 2003
Posts: 2
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(Msg. 7) Posted: Tue Sep 16, 2003 11:39 pm
Post subject: Re: VIDEO POKER TOURNAMENTS [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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This phenomenon is called "gambler's ruin" and operates in every casino
game. The casino never runs out of money, and that is a key house edge in
situations like taking the odds behind the line in craps, apparently an
even-money bet. It operates, as you have seen, in video poker double-up
situations. And it is particularly advantageous to the house in situations
like in Missouri, where the state imposes a $500/two hour riverboat session
on gambler's losses. In any jourisdiction which imposes a limit on the
losses a gambler can take, the house benefits from fluctuations which it can
absorb but which 'ruin' the gambler- putting him out of action.
And don't be fooled by the fact that the casino operator in those areas
oppose these limits; that's because the vast majority of bets are made not
at zero-advantage situations but represent significant house advantage, and
the casino would rather the player be able to make higher bets in those
situations. The overall house most-favorable situation does not negate the
fact that limits on wagering, whether legal or bankroll imposed, favor the
house.
"Jeff Porten" <rgp.DeleteThis@plenarcast.com> wrote in message
news:bk7bcd$67e$1@bob.news.rcn.net...
> J Sale wrote:
> > Maybe because when there are 10 cards left he has a 10% chance to draw
an
> > ace but if he doesn't, you have a 1 in 9 or 11%? Dunno.
>
> Well, that was my thinking. But in my spreadsheet, it turned out that
> the house edge when it draws the highest card first is exactly
> counterbalanced by the player edge when the house draws the deuce first.
>
> And I've seen a few slot machines where it's double-or-nothing, decide
> if the card drawn is red or black. Assuming a fair deal, that's
> obviously an even game.
>
> So my revised theory is that this actually IS an even game, but the
> house makes its money because some people will double-or-nothing
> multiple times until they lose. Even that would be an even game
> against the people who make it through several doubles -- excepting
> that some people will blow their entire bankroll before they have a
> chance to double through. So the house edge is in the way it's
> played, even though the game would be even if people had an infinite
> bankroll.
> >> Stay informed about: VIDEO POKER TOURNAMENTS |
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