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#34028 - 09/17/07 11:56 PM
New Gimmick at Stations
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Member
Registered: 08/01/01
Posts: 6002
Loc: Las Vegas NV , USA
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I ran into a fairly bizzare game of video poker at the Palace Station tonight. It's called Guaranteed Play, billed as "dozens of hands at one low price". You pay up front for X number of hands in a certain denomination and a certain type of game. You start at 0 credits and there is countdown meter of how many hands you have left. It always plays max coin which is 5. So if you lose the first hand, the credit meter reads -5. If you lose the second hand, the credit meter reads -10. If you lose the third hand it reads -15. If you win 25 on the next hand, the win meter will count up from that -15 through 0, up to 10. If you play you last hand and the credit meter is in the negative, you get nothing. If you play the last hand and there are credits showing, you win the value of that many coins. You can cash out at any time, and if you have any positive credits, you get paid accordingly but you forfeit any remaing hands.
So the particulars are as follows. It comes in 25 cent and dollar values. I took note of the quarter details. For $20, you get 75 hands of Bonus, Bonus Deluxe, DW, DWB, DDB, and JOB. Then there is the special where you get an additional 25 hands for playing DW, 50 additional hands for Bonus, and 75 additional hands for JOB. But if you want to pay $40 up front, you start out with 200 hands of the same games. Then you get 50 additional hands of DW or 100 extra for Bonus. The JOB game gets 200 additional hands.
To the curious, there is alot of math involved to figure this one out first. For me, the first thing that hit me is, "this is a Stations casino, home of the bad odds gimmicks." The second thing that hit me was that if someone went to this much trouble to figure this stuff out, you know the house edge is solid. Third, the paytables on all of the games were less than one might want. Then I did simple math whereas 100 hands equals $125 of coin through. Then I thought $500 of coin through for $40 might sound interesting to some. Then I thought that if you hit one big hand somewhat early, you could take the money and run, but why if there are X number of hands just waiting there to be played. As long as you can cash out at any time, what are you losing? Then I thought, "what if you were getting down to less than 50 hands left and your credit meter was -100, would your strategy change?
Then the realization hit me like a ton of bricks. Out of all the people that are in the casino playing gimmick games, why is nobody playing this bank of machines? I guess locals aren't that stupid.
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#34034 - 09/28/07 06:26 AM
Re: New Gimmick at Stations
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Member
Registered: 08/01/01
Posts: 6002
Loc: Las Vegas NV , USA
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I don't even know if that is relevant doug. The big part of the gimmick is that you put your initial money in and never get it back. In real VP, you start playing and if you don't like the way it's going, you can cash out and settle your losses at that point. Here, you can stop at any time and all you get back is winnings that are above and beyond what you have played. Even you think you are ahead $10, you are still in the hole from whatever you put in, minus $10.
I've seen a few people playing now. All were 100 credits or more in the hole. Some 300 or more credits in the hole. Not only do they need a 4 of a kind to get out of the hole, they need a couple more to recoup their investment so that they can start winning.
Of course luck can salvage any horror story. I'm sure there are royal flushes hit in Harrahs every day. That alone does not justify quality video poker games in the casino. So if you are in Stations and playing that gimmick, 4 deuces oughta bail you out, aces w/kicker would do it, etc. Still, to the wise player, the same good hand would almost always net more in a real game.
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#34037 - 10/01/07 10:42 PM
Re: New Gimmick at Stations
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Member
Registered: 07/24/99
Posts: 750
Loc: Las Vegas, NV
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We did go and play our "free" money. We each got $40 to play. The machines did have the odds posted, and unlike the earlier ones we saw, these had a choice of playing "normally" with one hand at a time, or using the guaranteed play. I won $55, and could have cashed out with a higher win, but I chose (greedy me) to keep going until the last hand. Toby cashed out $40, also playing all of the hands through. We were happy, and took our "free" money and ran.....  There were about 100 people playing at the time we went. We had to make an appointment and had to appear at the showroom at 3:00pm. There were drinks and snacks for us, and we had to watch a movie to "Learn" how to use these machines. You can cash out at any time, but then you lose the rest of the hands that you "contracted" for. This is only on the guaranteed side. The other side of the machine choice was the traditional one hand at a time. The paytables were the same. Some of our fellow players didn't win a dime, some won more than we did...............all sort of like real life. We had fun anyway.
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