15+ years ago I felt comfortable with my VP playing skills at 5 cents at the Fiesta Rancho. I thought it was time to move up denomination to 25 cents. I had $500 and I was ready to take it on with JW4700(101% after all + cash back in those days) at Arizona Charlies on Decatur. Bank Roll-I had no idea what that meant. I put $20 in the machine, 10 minutes-$1175 Royal-net $1190. Wow this is easy. Next day, same machine- same result- another $1190. 3rd Day $1200 with a VP poker tournament(got my first #1099 with that one.) Went back home. One month later, came back, same machine another $1175 with maybe $20 in. Then I found about bankroll requirements(whoops, I should have know better). Dumb luck on my part. My wife and I have done pretty well over the years with this profitable part time hobby(with a proper bankroll). If I had lost my first $500... probably would have given up on the the whole thing. Fate!!
--- In vpFREE@yahoogroups.com, "Mickey" <mickeycrimm@...> wrote:
>
> Risk of Ruin calculations assume you don't have an outside source of replenishing your bankroll.
>
> When I first started playing video poker I was severely underfunded but....I had a cash cow in the advantage slots. I was making about $200 a day off the slots. Did I wait until I had a swing resistent bankroll before throwing down on video poker. No, I didn't.
>
> I allocated so much money per week to the FPDW at Gold River. This was in 97 and I got 1% CB on Thursdays and .6666% on Fridays. Those were the only days I played. When I hit my first royal the money went into my bankroll and I didn't change my routine. I continued to play the advantage slots most days of the week and only played video poker on Thursday and Fridays, allocating just so much money to it. Between the advantage slots and the royals it didn't take me long to gain a swing resistent bankroll.
>
> If I were a working stiff just getting into video poker and had little or no bankroll this is what I would do. I would allocate so much money per paycheck to video poker. I would only play with an advantage. When the first royal comes off I will add the money to what bankroll I have. But I won't change the routine. I'll continue to allocate so much money per paycheck to video poker. Every time I hit a royal it goes into my bankroll. The routine will remain the same until I have a swing resistent bankroll. Trust me, if you do it like this it won't take you long to get there.
>
> To me the three keys to successful gambling are knowledge, skill and disciple. The knowledge to figure out an advantage, the skill to exploit it, and the disciple to maintain the pace. A breakdown in any one of these areas will lead to failure.
>
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