13 Comments

  1. BoSox
    April 14, 2017 @ 1:54 pm

    If the machine player does not play 5 coins every hand, the house edge is going to be greater than a full coin player, thus your example is wrong.

    Reply

    • Lee Jensen
      April 14, 2017 @ 2:19 pm

      Bosox,

      The number of coins played DOES have an effect on the house edge when playing video poker. This is due to the royal flush payout being shorted when you are not betting the full 5 coins.

      This is NOT the case when playing video blackjack (which is what game I used in the example) since there is no royal flush.

      Reply

  2. BoSox
    April 14, 2017 @ 4:25 pm

    Thank you for correcting my missing and assuming the game you wrote about in the article.

    Reply

  3. BoSox
    April 15, 2017 @ 2:33 am

    Lee Jensen, looking forward to reading the new material in your blog . I hope the site is a big success. BoSox

    Reply

  4. RWM
    April 15, 2017 @ 8:03 am

    It would be great if you put up the “bugs” for sharing on Facebook and Twitter. It will get you some more traffic.

    Reply

    • Lee Jensen
      April 15, 2017 @ 12:11 pm

      Good idea and Thanks for the tip Munchkin.

      Reply

  5. Freightman
    April 15, 2017 @ 9:52 am

    Read the first article. Spot on nicely done.

    Freightman

    Reply

  6. Vagabond
    April 16, 2017 @ 8:02 am

    Very relatable example for a beginner, keep up the good work!

    Reply

  7. EliMagico369
    April 17, 2017 @ 6:04 pm

    Just want to say I enjoy you blog. I came across it by a post from a member on a blackjack discord channel. I look forward for more to come.

    Theorem (Opportunity) There is an edge in every game.

    Reply

  8. Fleastiff
    April 20, 2017 @ 9:56 am

    When in Las Vegas, I do not walk the strip much less walk the strip with friends. When you used the term ‘$15.00 drinks’ I thought you meant gamble and lose fifteen dollars but get a free drink. I do not pay fifteen dollars for drinks and I do not ever pay for drinks in Las Vegas. So the “avoided cost” premise does not apply to me.

    The only advantage of a bar top blackjack machine is that it usually offers a much more comfortable seat than a video blackjack machine on the casino floor. The disadvantages of a bar top machine are dealing with the bartender and the seductively un-clad female who suddenly fills the vacant seat next to you.

    Reply

    • Lee Jensen
      April 20, 2017 @ 8:46 pm

      Fleastiff,

      If you gamble, you are paying for the drink in the form of money lost on the house edge of the game. That money though, can be less than what the drinks would actually cost. That is the point in the post.

      If there is some way to not pay at all for drinks when walking the strip please share.

      Lee

      Reply

  9. WRX
    April 24, 2017 @ 9:05 pm

    Seeking out the best bars that will serve video BJ or VP players free drinks can definitely be a good advantage play. As an example, the old high limit room at the M Resort had a little bar that served Johnnie Walker Blue, and several fancy tequilas and grappas. All free to players. It was a quiet, stylish place with a terrace with a great view. The bar and machines are still there, but sadly the bottles are gone and the pit has moved.

    Reply

    • Blake Phillips
      April 26, 2017 @ 9:49 am

      Now that seems like a worthwhile advantage play!

      Reply

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