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So you actually need whatever bankroll you ostensibly require PLUS enough of a cushion to weather an initial bad run. Also, if you find your results are different than those predicted by statistics, chances are your error rate is higher than you think it is.
Most players probably lose money on FPDW. Probably the vast majority of errors I make are missed penalty card situations, which cost me maybe a penny each when I make them.
Also, I dispute your contention that most players lose money on FPDW or at least, do so due to errors. Most of the people I watch seem pretty competent at the game.
And it would take some pretty egregious errors—like always holding two pair—to wipe out an 0. The larger question of whether casino video poker is honest is one that is still open IMHO.
Evan a relatively unsophisticated computer algorithm could reduce the player win rate by 1 or 2 percent and be completely undetectable simply from analyzing results.
I tried reporting this on various internet forums but got shouted down. So do we, as players, have any defense against being cheated? At what point are bad results something other than just bad luck or bad play?
I took another look at your 5 royals down in FPDW. Certainly, the more you play, the more you will see 5 royal down losses.
Also, you need to simulate the casino environment: Now you could wear noise cancelling headphones and polarized glasses, try that and see what happens to your error rate, and so on.
But, once you know that number, you can get the chance of losing any bankroll from It assumes that the game is being played endlessly, until the player is either unbelievably rich or broke.
His risk of being so far behind can be calculated with other methods if we know how much he played. Most serious players I know subtract at least 0.
As Liz suggested, not a rare event at all. His including my software in the blog post was quite a generous act. Kevin has talked about this before and I appreciate his posts.
Especially because nobody wants to talk about it. Are the chips gaffed? Is there a way to gaff the chips and still get approval from the Nevada Gaming Commission?
For example, using the 4K in OEJ. Try it with your favorite game on the same IGT machine and two much different denominations and see what happens.
Do not worry Nail Gun. Everybody understands exactly what you are posting and appreciates your hard work.
I have a couple of clicker lap counters for when I run laps. My wife has a clicker counter she attaches to her golf glove for when she plays golf to keep track of her strokes.
Back in the old days of coins, you could look in your tray at the machine and have some idea of how your play was going. Ticket in ticket out destroyed this.
I remember old women playing coin slots with white cotton gloves on. What you are talking about is absolutely true. You play a hand or hit spin.
Each time, you click your little plastic counter. After 20 clicks on your counter, you look at the credit meter. If you have 30 credits, woo hoo!
If you have 5 credits, get up and leave quickly. You are right, sitting at a slot machine or a video poker machine and clicking away on a plastic counter sounds kinda dumb, but what you are talking about is smarter than most can ever understand.
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Posting this probably leaves me open to a nail gun incident. What you are talking about is tantamount important. Ticket in ticket out.
The other arrangement is called revshare, or revenue sharing. Big affiliates can demand higher revshare percentages. But affiliates on revshare also have to take into account the amount of money their referred players win.
Casinos also have to pay for customer service and hosting. The best known source of information for online casinos is CasinoCity, especially when it comes to managing a database of properties.
When I look at their list of online casinos, I initially only get properties, but my settings only allow me to see casinos which operate in English, accept players from the state of Texas in the USA, and which accept US dollars.
So we probably have online casinos generating the bulk of that money, while the other casinos make up a relatively small amount of that money.
Subtract the other costs, and you still have well over half a million dollars in profit per month. Suffice it to say that even with the high expenses involved in running such a business, the Internet gambling sites offering casino games make plenty of money.
It still makes for an interesting set of numbers to analyze. Play at Betway Casino and get our By Paul Wilson Published on June 17, Mike 10 Feb Interesting article.
As a casino owner I find your numbers quite optimistic and are probably more relevant to those casinos operating their own games on their own platform.
Our casino is licensed and abides by the laws of both fairness in terms of the games we offer and to the countries we market to we do not take US Players.
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There are great bonuses for players, which depending on your strategy can contribute to the general success as well.
What is the total cost of starting an online casino running on Microgaming software? The total cost of starting a Microgaming powered online casino is approximately: When America opens up.
When America gets close to legalizing online gambling its best to have set up your online casino and wheeling and dealing to get a license there.
There will be lots and lots of money to be made when the USA legalizes online gambling and trust me, there will be a Gold Rush type frenzy to secure gambling licenses.
You can seek funding through venture capitalist firms. There are a lot of people with offshore money lying around who would be interested in funding an online casino start up.
With the US slowly going legal, if you had a good business plan that included a mind blowing workable US penetration strategy , you would definitely get a good venture capitalist partner on board to fund your online casino start up.
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