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how big a bankroll?

Printed From: VideoPoker.com
Category: Video Poker
Forum Name: Video Poker Strategy
Forum Discription: Discuss your strategies and ask questions about how to improve your play. Who's your favorite video poker expert?
URL: http://www.videopoker.com/forum/forum_posts.asp?TID=90
Printed Date: 24 Jul 2014 at 12:06pm


Topic: how big a bankroll?
Posted By: Ohio Bob
Subject: how big a bankroll?
Date Posted: 23 Sep 2006 at 5:00pm
Touchy subject probably and I`ll not be surprised if no one responds, but here goes.
 How much is your bankroll for a trip to the casino or a per day amount for an extended trip?
 I know my bankroll has increased as I`ve played as have the games that interest me.
I now take between 3-400 for a day trip. If I`m going for several days I budget 2-250 per day.
I began with .25 JB single play now play almost exclusivley 3 or 5 play .25 DDB. If I`m winning I might move up to .50 or $1. 
 
Here`s an interesting site that talks about the risk of ruin (losing all your money) for some vp games based on your bankroll size. http://wizardofodds.com/videopoker/appendix1.html - http://wizardofodds.com/videopoker/appendix1.html
 
 



Replies:
Posted By: BOOPSAHOY
Date Posted: 24 Sep 2006 at 2:45pm
My husband and I go with around 300 between us plus we usually get back 100-150 cashback. So thats a bankroll for 2 of 450.


Posted By: oej719
Date Posted: 24 Sep 2006 at 4:59pm
I deterime how much I am going to play before I go.
I play a ceratin amount of credits at 25 cents.
Then if I am not ahead by a certain amount or if I have lost all the credits
I then play a certain number if credits at 50 cents.
Then if I have to I play a certain number of credits at $1.  
I do cashout when ahead by a predetermined number of credits
and pocket that money and then start again.
It is fun and works for me.
 
 


Posted By: barrychatman
Date Posted: 25 Sep 2006 at 11:50pm
i generaly play small bets then increase to max bet we all know how these games take off and maximize your gains and minimize your losses get up when you are a head


Posted By: details
Date Posted: 05 Oct 2006 at 2:35pm

depending on game and denomation for example 7/5 super aces triple play .25 w/90 coin max bet thats 30 per line $400-600 per session that will give me around 100 spins . If nothing happens I move !!!!



Posted By: Eduardo
Date Posted: 05 Oct 2006 at 6:32pm
At $600 per session, if nothing happened I would move too... to a smaller apartment! LOL

You are lucky. Do you end up winning overall?


-------------
Eduaaaaardo!


Posted By: shadowman
Date Posted: 23 Oct 2006 at 6:31pm

Session bankroll varies by denomination, game and intended amount of play. One man's session is another man's lifetime. I don't think you'll find a "one size fits all" but it's a good idea to think about bankroll.

PS. Ignore all comments about the advantages of short coin betting. Short coin only reduces your payback (although it could reduce your losses on low payback machines). The RNG knows nothing about bet size.



Posted By: superdanman1970
Date Posted: 16 Mar 2007 at 4:49am
SmileHi, new to videopoker. Was a former backgammon player, still play, but moved to regular poker...and now moving once again to take a more serious approach to video poker.
It seems to me that bankroll is so very important. How much to risk vs reward...how long to stay/when to leave. I read an article by Bob Dancer the basic 3 to 5 royal rule. A basic approach that one approaches the game with a bankroll that is 3 to 5 times the royal flush payout; e.g., quarter machine for a 4,000 royal flush payout would require a bankroll of 3-5 thousand dollars.
That makes alot of sense to me. But since my bankroll is limited, I'm playing nickle machines and plan to work my way up. Since a royal with nickles is 200 dollars, my starting bankroll is about 800 dollars, or 4 times the royal payout...I'm also playing 5 play DDB as well as J/B 9/6. Playing 5 play DDB, since it's $1.25 a spin, might require more bankroll, I'm not sure. But that's what I'm comfortable starting with...currently, I'm down about 200 dollars, but still learning.
 I'm realistic that bankroll is an important factor and that extra 5 or 10 or 100 dollars of betting might make the difference of hitting or not hitting the big payouts.
Bankroll is an interesting topic to me and would like to hear what others have to say about it.Wacko Is it primarily what a gambler is comfortable with? Is there a more mathematical approach? Risk of ruin approach? What does one say about the person who sits down with a 20 dollar bill and uses that as a bankroll for, say, a quarter 5 play DDB, and another that sits down next to him at the same game with 3 to 5 thousand dollars? What makes one type of gambler and the other? Which one is smarter? Is it the old addage, "With great risk comes great reward. With little risk, little reward."? Or more like the saying, Don't gamble what your not willing to lose.
 
"The next best thing to playing and winning...is playing and losing." Geek
 


Posted By: cddenver
Date Posted: 16 Mar 2007 at 1:14pm

I think the correct answer to bankroll size is "depends".  Everyone's situation is different.  The minimum time you like to get in per session, denomination(s) played, income, distance from casinos all have an impact.

In my case, the local casinos are about 40 minutes away.  Since the round trip is about an hour and a half, I'd never go with just $20.  Just not worth the travel time or gas.  Sometimes you get lucky and hit something quick, but the general case is that you go "bust" pretty fast with only $20.
 
When I go to the local casinos, I usually go with $500.  We're small stakes here ($5 limit), and I play a mix of denominations ($.25, $.50, $1) on single line machines.  That's usually enough to last me a couple of hours on an average day.  For a triple play session I'd budget three times the amount. When I go to Vega$, I bring enough for two sessions each day.  I also bring a good book to read in the room at night for those days when I don't hit anything. 
 


Posted By: shadowman
Date Posted: 16 Mar 2007 at 4:06pm
Originally posted by superdanman1970

SmileHi, new to videopoker. Was a former backgammon player, still play, but moved to regular poker...and now moving once again to take a more serious approach to video poker.
It seems to me that bankroll is so very important. How much to risk vs reward...how long to stay/when to leave. I read an article by Bob Dancer the basic 3 to 5 royal rule. A basic approach that one approaches the game with a bankroll that is 3 to 5 times the royal flush payout; e.g., quarter machine for a 4,000 royal flush payout would require a bankroll of 3-5 thousand dollars.
 
This is a rule of thumb for low variance VP, eg. Jacks or Better. It does not apply to higher variance games. You might want to check out
 
http://wizardofodds.com/videopoker/appendix1.html - http://wizardofodds.com/videopoker/appendix1.html
 
Originally posted by superdanman1970

That makes alot of sense to me. But since my bankroll is limited, I'm playing nickle machines and plan to work my way up. Since a royal with nickles is 200 dollars, my starting bankroll is about 800 dollars, or 4 times the royal payout...I'm also playing 5 play DDB as well as J/B 9/6.
 
Both of these games are probably negative games. The risk of ruin for any negative game is 100%. You can't "work your way up" playing negative games unless you continue to supplement your bankroll.
 
Originally posted by superdanman1970

Playing 5 play DDB, since it's $1.25 a spin, might require more bankroll, I'm not sure. But that's what I'm comfortable starting with...currently, I'm down about 200 dollars, but still learning.
 I'm realistic that bankroll is an important factor and that extra 5 or 10 or 100 dollars of betting might make the difference of hitting or not hitting the big payouts.
 
True for any given session, but over the long run it all evens out. Bankroll is important so that you can gamble enough to feel comfortable that your luck will even.
 
Originally posted by superdanman1970

Bankroll is an interesting topic to me and would like to hear what others have to say about it.Wacko Is it primarily what a gambler is comfortable with? Is there a more mathematical approach? Risk of ruin approach? What does one say about the person who sits down with a 20 dollar bill and uses that as a bankroll for, say, a quarter 5 play DDB, and another that sits down next to him at the same game with 3 to 5 thousand dollars? What makes one type of gambler and the other? Which one is smarter? Is it the old addage, "With great risk comes great reward. With little risk, little reward."? Or more like the saying, Don't gamble what your not willing to lose.
 
"The next best thing to playing and winning...is playing and losing." Geek
 
 
Another good tool is a risk of ruin calculator.
 
http://wizardofodds.com/videopoker/analyzer/CindyProg.html - http://wizardofodds.com/videopoker/analyzer/CindyProg.html
 
Your questions here indicate a good grasp of the basics of VP gambling. Spend a little time at some internet sites like here or the wizard of odds and you will be able to answer most of them yourself.


Posted By: rascal
Date Posted: 17 Mar 2007 at 12:23am
Most people come into a casino with a fraction of the required bankroll. Then they can't understand what happened. To play decent VP and get a return, you need $12K to $15K in your bankroll. Not saying you will use it all in one session, but you need it available. Many pros and semi-pros have much, much larger bankrolls than that.


Posted By: tommie dee
Date Posted: 17 Mar 2007 at 9:00pm
what amount should you play in a machine before you decide that it won't pay back??  I have played a machine for up to a $1000 thinking that its due and if I leave this machine it will hit.



Posted By: shadowman
Date Posted: 17 Mar 2007 at 9:42pm
Originally posted by tommie dee

what amount should you play in a machine before you decide that it won't pay back??  I have played a machine for up to a $1000 thinking that its due and if I leave this machine it will hit.
 
There are many opinions about this subject. Most of them are based on limited experience or hearsay. First of all you have to decide whether you accept the premise that VP machines are random and fair as required by law in most jurisdictions. If you accept this fact (and if not I question why anyone would play), the answer is easy.
 
Each hand is independent of all others. Your odds of hitting any particular result are the same whether you've lost $1000 or just won $1000. So, staying or leaving a machine should be based on what you want to do. In the long run it won't matter. Sometimes you would do better by leaving and other times you would do better by staying. Unfortunately, you can't know ahead of time which is best.
 
A fair coin flip is also a good way to think about it (another random event). Do you think that switching to another coin will improve the odds of hitting heads or tails? Of course not. The odds are always 50-50 for the NEXT toss.
 


Posted By: babybubba
Date Posted: 21 Apr 2007 at 9:23pm
Attempting to fit a RoR-defined bankroll into the reality of going to a casino to play a session is a colossal waste of time and means nothing for the short-term bursts we all play in. That's why I came up with a realistic bankroll requirement when developing my play strategies: Single-Play Strategy, have 3X 400 credits of each denomination you intend to play. Romp-Thru-Town (RTT) & Advanced RTT, have 3X 400 credits of the highest denomination you intend to play.



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