Rainomg

1. How Much Money Needed To Play Poker Casino Near Me

Just because you have $4,000 to play $1/$2 live doesn’t mean you need to bring $4K in cash with you the casino. Just make sure you have the $4k set aside as your poker bankroll so you can weather the variance.

By John Grochowski
My friend Mark isn’t a casino regular, but he likes to play a little video poker now and then. His goal is just to have a good time and stay in action for a couple of hours.
“Do you have a guide to how much cash I need to last a couple of hours?” he asked.
I showed him the bankroll calculator on Video Poker for Winners software, and assumed expert play for 1,000 hands --- about two hours play for an average player.
First up was Jacks or Better on three pay tables --- the full-pay 9-6 game, paying 9-for-1 on full houses and 6-for-1 on flushes, which returns 99.54 percent with expert play; the 8-5 game (97.30 percent); and the 7-5 game (96.15 percent) that’s becoming all too common on quarter games.
Jacks or Better is the least volatile of common video poker games, a game that’s designed to keep you in your seat. There are no big four-of-a-kind bonuses that are going to make your day. All quads pay 125 coins for a five-coin wager. But the 2-for-1 payoff on two pairs packs a different kind of wallop, one that will keep you going for extra chances at the bigger pays.
The average loss for two hours of betting $1.25 a hand on a quarter machine is $5.75 with a 9-6 pay table, $34.75 at 8-5 and $48.12 at 7-5 --- which ought to tell you why I’m always harping on finding the best pay tables. In the days when each video poker machine had just one game --- no touching the screen to try a different game --- I once found a long row of 18 machines that alternated between 9-6 and 8-5 pay tables. There were as many players at the low-payers as at the 9-6ers. Ugh.
The required bankroll is much higher than the average loss if you want to give yourself enough for a 5 percent risk of ruin --- a 95 percent chance of surviving two hours without losing it all. That takes $165 on 9-6 Jacks, $185 at 8-5 and $195 at 7-5.
Your chances of having a winning session after two hours are 34.54 percent at 9-6, 22.35 percent at 8-5 and 17.19 percent at 7-5. Settling for a 7-5 pay table instead of 9-6 cuts your chances of winning in half.
Then I checked probably the most popular video poker game: Double Double Bonus Poker. With a 9-6 pay table, it’s a 98.98 percent return, $12.75 average loss in two hours on a quarter machine, with a $300 bankroll for a 5 percent risk of ruin and a 35.46 percent chance of a winning session. On the 8-5 version that’s become all too common, the payback percentage falls to 96.79 percent, average two-hour loss increases to $40.12, the bankroll requirement rises to $320, and the chance of a winning session drops to 30.75 percent.
Double Double Bonus Poker is the more volatile game, with more of its payback concentrated into relatively rare four-of-a-kind hands. Most quads pay 250 for a five-coin wager, and the reward rises to 400 on four 2s, 3s or 4s; 800 if those low quads are accompanied by an Ace, 2, 3 or 4 kicker; 800 on four Aces; and 2,000 on four Aces with a 2, 3 or 4 kicker. The two-pairs return is reduced to 1-for-1 ---- you just get your money back.
That’s why Double Double Bonus bankroll requirements are higher than in Jacks or Better. But in any game, cuts in the pay table slash your chances of winning. Be wary.
LONGER SESSIONS: Two-hour sessions are extremely volatile. Just about anything can happen in any session as short as a couple of hours. But I’ve had many a two-hour session back when that was the length of a riverboat casino cruise, and still often go to a local casino to play for a couple of hours and have lunch or dinner.
But what if you’re going to play longer? What if you’re going on an overnight stay and figure to get in, say, 10 hours of play? Do you have to multiply two-hour bankroll requirements by five?
No, you don’t. Longer sessions smooth things out a bit. For 10 hours of quarter play on 9-6 Jacks or Better, the bankroll for a 5 percent risk of ruin doesn’t quintuple from $165 to $825. Instead, it’s less than tripled, at $450, while the bankroll requirement for 8-5 Jacks rises to $570.
On the more volatile Double Double Bonus Poker, that $300 bankroll for a 5 percent risk or ruin for two hours rises to $885. That’s a big chunk of cash, but at least it’s not the $1,500 you get when multiplying the $300 by five. On the 8-5 version, the bankroll needed for 10 hours is $1,010, and that’s one reason I just won’t play 8-5 Double Double Bonus Poker.

John Grochowski writes about casino games and the gambling industry in his weekly 'Gaming' column, which is syndicated in newspapers and Web sites across the United States. John is also the author of six books on casinos and casino games.

For this series of articles specifically aimed at players who have experience with poker in a home game or online, but are new to poker in brick-and-mortar casinos, I decided to ask a couple of my poker dealer friends to address this question: “What do you wish those new to poker in casinos knew that they usually don’t know?”

Read Also: 10 Casino Poker Games with ZERO House Edge!

Kristi Smith (@AlaskaGal1 on Twitter) is a dealer in Las Vegas. She submitted an excellent list of items in response to my question. I have followed some of her points with comments of my own.

1. Don’t worry too much about it being your first time. Everyone starts somewhere.

Absolutely. No matter how hard you try, you will not be able to disguise from experienced players the fact that you’re new, so don’t even try.

When you’re not sure what to do, or even what your options are, it’s better and less stressful to say to the dealer, “This is my first time playing, and I’m not sure what I’m supposed to do here.” As long as that question is about rules and procedures, and not about a decision regarding how to play your hand, he or she will be happy to explain.

2. The cards shouldn’t be picked up off the table to look at them. The dealer needs to be able to see your cards at all times.

Only bad things happen when you lift cards off of the table. They get seen by other players. They get dropped on the floor. They get overlooked by the dealer and other players who are visually scanning the table for cards in order to know where the action is.

3. Cover your cards while you peek at them so you don’t accidentally show your neighbor.

4. Don’t comment on the current hand. Don’t say what you folded or comment that a flush or straight is possible.

Definitely. And you should keep following this rule even though you’ll frequently hear others violate it. It is, unfortunately, a very common transgression.

5. If you want to raise, say “raise” before you put an oversized chip in. Or if you’re using multiple chips, put them all out at once.

6. It is important to wait your turn. The dealer will look at you or signal you when it’s your turn.

If you’re ever unsure, it’s fine to ask the dealer, “Is it my turn?” Or, “Is it on me?” Or, “Where is the action?”

7. Your large denomination chips must be in the front of your stack.

This is so that other players, eyeing your stack, don’t make a big mistake about how many chips you have because some high-value chips are out of sight. Some shady players deliberately hide them specifically to induce such mistakes by others. It’s against the rules and highly unethical.

8. Most rooms will give you a quick free lesson to give you a rundown on the mechanics of the game. However, the best way to learn is to just sit down in a low-limit cash game or cheap tournament and play.

9. Dealers work for tips. If you’re playing cash it’s customary to tip the dealer $1 if you win a pot. In a tournament, the winners will often leave a small percentage of their winnings for all the dealers to share.

When your tournament payout comes in a bunch of small denomination chips, that’s the casino giving you subtle encouragement and help to leave something in the tip jar for the dealers.

10. If a dealer has to correct you for a rule violation, don’t take it personally. We want you to have fun. It’s just part of the dealer’s job to keep the game going and to make sure the players abide by the rules.

If you think it kills the fun of a game when a dealer enforces the rules, you should try playing when a dealer does NOT enforce them. It becomes chaotic, unfair, and no fun at all!

Dominick Muzio (@dmuzio on Twitter) is also a Vegas dealer. Unlike Kristi, he had just one thing on his mind when I emailed him with my question:

I wish more new players knew that there is no need for them to justify their actions or play. When they say things like “I had pot odds” (they usually don’t), or “I can’t call with this junk hand” (they probably should because of odds), they immediately alter how the game will be played. More savvy players will pick up on this weakness and exploit it. It’s just as dangerous in affecting play as talking about the hand in play.

I agree. People do this to save face. But poker is one social circumstance where saving face is counterproductive. To more experienced players, your comments reveal how little you know. To less experienced players, such talk causes them either to feel like they don’t know enough to be playing, and thus not come back, or to get better educated about the game. Neither outcome is good for your bankroll.

If another player thinks you did something stupid — whether you actually did or not — let him! Then find a way to use that false image in your favor, rather than try to correct the false impression. Making money matters more than impressing people with your skill. So never complain, and never explain!

Much thanks to Kristi and Dominick for contributing their hard-won observations.

Robert Woolley lives in Asheville, NC. He spent several years in Las Vegas and chronicled his life in poker on the “Poker Grump” blog.

Would you like to get your hands on a free $10k entry to the WSOP Main Event?

How Much Money Needed To Play Poker Casino Near Me

Click on the link below and enter your email to participate to the free giveaway and take a shot at this massive opportunity!

Get all the latest PokerNews updates on your social media outlets. Follow us on Twitter and find us on both Facebook and Google+!

• Tags

  tournament strategycash game strategylive casino pokerdealers