- Video Poker Bankroll
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- Video Poker Bankroll Requirements
Bankroll Management Explained. In the simplest terms, your poker bankroll is the amount of money you have set aside for poker. This doesn't include. Re: Video Poker Bankroll I've used Bob Dancer's Video Poker for Winners software to simulate the results given a specified number of hands, slot club percentage cashback, etc. I would expect about a result of -10% of your coin in happening quite often, so for 2000 hands of $1.25 VP I think you're not very likely to bust with $500. Free ultimate video poker.
Let's say that I've determined that I can play $1 single line JoB and with the players club and other benefits I've determined that a good bankroll is exactly $20,000. Alternately, I can play JoB with 50-lines, 100-lines, or 9-line Spin Poker and get exactly the same $5 bet in per hand with the same benefits. Does my bankroll requirement change for these variants, and if it does change what would be a good ballpark figure for each variant? Moreover, how can I calculate the requisite bankroll an arbitrary multi-line game if I know the return and variance?
I'm trying to think about this from many angles and I get conflicting answers. For example, it seems to me that by playing many smaller lines my bankroll could be smaller because I am rarely getting absolutely nothing back on each play. Additionally, in an individual session it is quite easy to bust $100 playing $1 single line, but I typically get a lot of play out of the same amount on 50 or 100-line with the same $5 total bet. However, it seems to me that the bankroll requirement could go up because the only time you 'truly' hit a royal is when you get one dealt to you before the draw, and this makes your cycle go from 40k to 650k. This also makes sense to me considering the published variance numbers on the WoO site.
I'll also note at the bottom of the page here: http://wizardofodds.com/games/video-poker/appendix/1/ it says go to appendix 6 for risk of ruin in multi-play VP but the link just goes to a page about deuces wild.
Video Poker Bankroll
Assuming two games have the same return, would you choose to play a standard 5-coin 1-line VP for a $X total bet per hand, or would you choose to play 5-coin 50-line VP for a $X total bet per hand -- mainly to reduce variance? I feel pretty clearly that the 50-line variant is the better choice, even though the true 'cycle' hits only on a dealt natural royal.
Secondly, assuming that the 50-line VP is the better choice, would it make sense that due to the lower overall variance that the bankroll requirement of the 50-line game is half that of the single line game? That is to say, we could play $2X total per hand on the same bankroll?
Assuming two games have the same return, would you choose to play a standard 5-coin 1-line VP for a $X total bet per hand, or would you choose to play 5-coin 50-line VP for a $X total bet per hand -- mainly to reduce variance? I feel pretty clearly that the 50-line variant is the better choice, even though the true 'cycle' hits only on a dealt natural royal.
Yes, if your goal is to reduce variance, then you would pick the 50-line at 1/50 the denom.
Secondly, assuming that the 50-line VP is the better choice, would it make sense that due to the lower overall variance that the bankroll requirement of the 50-line game is half that of the single line game? That is to say, we could play $2X total per hand on the same bankroll?
I am really not sure how those numbers work out. It would probably depend somewhat on the game (although probably not much).
I just recently finished writing a simulator to answer this exact question so if you'd like I can run some numbers for you and give you an exact answer.
But, if you are playing a negative expectation game, it doesn't really make sense to ask how much bankroll you need without more details. What's your goal here? Long-term you will lose everything playing a -EV game. If your goal is just to give the casino a certain amount of play (ie, $N in coin-in for some N) then this question can be answered.
Multi-line has a very strange skew to it -- variance does not tell the whole story. In short-medium length sessions, You have a few massive wins (from dealt royals) and lot of small-medium sized losses. You will lose more often than you do at single-line, but they will tend to be smaller losses.
Yes, if your goal is to reduce variance, then you would pick the 50-line at 1/50 the denom.
Exactly. Note the 1/50th per hand. Do not bet the same X per hand or your swings will be crazy the total bet being the same for both is probably what you want.
I will play $5 single line games for a total bet of $25 or I will play the same game in 50 play at the 10 cent level for a total bet of $25.
I am really not sure how those numbers work out. It would probably depend somewhat on the game (although probably not much).
I just recently finished writing a simulator to answer this exact question so if you'd like I can run some numbers for you and give you an exact answer.
But, if you are playing a negative expectation game, it doesn't really make sense to ask how much bankroll you need without more details. What's your goal here? Long-term you will lose everything playing a -EV game. If your goal is just to give the casino a certain amount of play (ie, $N in coin-in for some N) then this question can be answered.
Multi-line has a very strange skew to it -- variance does not tell the whole story. In short-medium length sessions, You have a few massive wins (from dealt royals) and lot of small-medium sized losses. You will lose more often than you do at single-line, but they will tend to be smaller losses.
Sure, please do run a simulation. As for the game, assume it does not matter. The situation I'm talking about would include things like freeplay and such. For example NSUD returns 99.73% but this can be a +EV game when you factor in players club points (say +0.3% in freeplay), offers, drawing entries, etc.
So the scenario I envision is something like this. Let's say the game is 9/6 JoB with a 1% cashback. According to WoO's numbers, for a 1% ROR the bankroll needs to be 7256 bets. At the $1 single-line level for a total bet of $5 this would be a bankroll of $36280. Now if we choose to play 50-line 2c for a total bet of $5 the variance is reduced so the bankroll requirement should also be reduced. By how much I am curious.
Sure, please do run a simulation. As for the game, assume it does not matter. The situation I'm talking about would include things like freeplay and such. For example NSUD returns 99.73% but this can be a +EV game when you factor in players club points (say +0.3% in freeplay), offers, drawing entries, etc.
So the scenario I envision is something like this. Let's say the game is 9/6 JoB with a 1% cashback. According to WoO's numbers, for a 1% ROR the bankroll needs to be 7256 bets. At the $1 single-line level for a total bet of $5 this would be a bankroll of $36280. Now if we choose to play 50-line 2c for a total bet of $5 the variance is reduced so the bankroll requirement should also be reduced. By how much I am curious.
I will run some numbers tonight. I've been looking to exercise my new program anyway.
I will run some numbers tonight. I've been looking to exercise my new program anyway.
Thanks!
Bad news: This data tells me that I have a bug. I'm only returning 99.47% on 9/6 JoB. I knew I should have written the rest of those unit tests.
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Poker Bankroll Management Spreadsheet
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'Lavertos' is a Belarusian player who works as the deputy director at an agricultural enterprise. He recently built up a three-figure bankroll from zero through partypoker's Daily Legends tournaments.
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Having begun playing poker with friends back in 2010, he signed up for partypoker looking to play online. Harrahs casino win loss statement.
'I played for a while,' Lavertos told the partypoker blog, 'But then stopped playing due to work and family commitments. I started playing again this year after talking to one of my friends. He told me you can play freerolls at partypoker without investing any money.'
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