#ulog (86) The Low-end Gambling Life -- Sep. 8, 2018

in ulog •  3 months ago


This Steemit ulog is a series of posts based on my day-to-day gambling activities. Basically, I summarize my results and possibly add notes or observations based on what happened on a given day at casinos. You the reader, should feel free to ask any questions or provide any feedback in the comments.

Next-day delays in posting are common due to having no stable schedules in my line of work.

Category Definitions

I split my results into categories based on the type of game and opportunity to make a profit. These categories are:

  • Core video poker: These are video poker games/machines that either has a player edge built-in, or which flips the edge from the house's favor into the player's favor when a promotion is applied. If the game has a progressive on the royal flush and/or other hands, the edge is based on the jackpot(s) being at its reset value. In the absence of any other extraordinary opportunities to capitalize on, I expect to spend most of my gambling time on core video poker games.

  • Other video poker: All other video poker games that are not part of my normal repertoire (e.g. progressive video poker games with excessively high jackpots).

  • Slot opportunities: Slot machines where I know of or perceive an edge in the player's favor. This edge will always be a temporary one except under the most extraordinary of circumstances. Depending on the opportunity, a slot session could be over in just seconds or take several hours to complete.

  • Other gambles: Everything else. It could be results from trying out a new slot machine, or playing other games such as video keno.

Summary Of The Day's Results

I visited two casinos and have aggregated their results.

Core video poker: Played one single-line machine at $5/hand for about 45 minutes and finished at +$300.

Other video poker: none

Slot opportunities: none

Other gambles: Tried out a new video slot to see its game mechanics at work, and finished at -$20.

Total: +$280 for the day 👍

Notes/Observations For The Day

I cut the video poker session short due to spending some time discussing recent changes in the gambling environment with a friend, and because I was running very poorly for the game that I was playing. Excluding the premium hands, I was expecting to drop 6% on the game that I played (i.e. 94% expected return). Instead, I dropped over 15% (i.e. less than 85% actual return on the session after removing premium hands).

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @doughtaker! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published a post every day of the week

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

SteemitBoard - Witness Update
SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.

Support SteemitBoard's project! Vote for its witness and get one more award!