I've made claims in the past about never having losing days in gambling. Some people consider this to be an outrageous claim. I still get emails from people calling me a fraud.
I live in a state where the maximum jackpot by state law is just $800. How on earth can a person make a living playing machines in such a place? Well, I manage to pull it off. Mainly because I find a lot of plays like the one in the screenshot below. Admittedly, it's certainly a way above average play. It carries one of the higher hourly rates I get.
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I explained how this game works earlier in this thread. One morning I was out looking for plays and stumbled across this. You can bet up to $2 on this game but need bet only fifty cents to qualify for the meters. The big deal on this play is the countdown on the 6 out of 7 is down to one. That means I only have to hit one 6 out of 7 to get the money in the meter.
Playing until I hit a 6 out of 7 carries a huge edge. Run the numbers above on the Wizard's keno calculator and it will come up 161%. The frequency of a 6 out of 7 is 1366. So the expectation on this play is a $417 earn.
1366 X .5 X .61% = $417.
On turbo speed this game plays at 40 games per minute. So the average seat time on this play is 34 minutes. And that means that my hourly rate in spots like this is about $740. And I'm only making a $1200 an hour wager. I love it when I find plays like this.
I always want to know what the "cost" is. What is my cost to play this game off? I just punch in the pays for the 3 out of 7, 4 out of 7, and 5 out of 7 on the Wizard's keno calculator. I leave the rest of the hits on zero. I fully discount out the solid seven hit. It comes up 70.6%. That means I'm taking a 29.6% drop on my way to hitting a 6 out of 7. Once again the frequency of 6 out of 7 is 1366.
1366 X .50 X 29.4% means the cost to run one cycle is $202. I have some protection on this play too. The 4 out of 7 countdown is down to 82. The frequency of a 4 out of 7 is 19.16. So the expectation is for me to run that countdown into range. Generally any countdown under 50 is playable.
I got stretched out on this play. It took me 2100 games to hit the 6 out of 7. But I also took off the 4 out of 7 meter. Its neither here nor there but I made $429 on the play.
I take a 2 to three week road trip every other month. My lowest daily earn on a trip, $544, my highest $607. Yes I can brag that I don't have losing days. The reason is I'm not playing thin edge stuff....as indicated by the play above. I work the biggest edges in the business.
I'm usually out in the casinos by 8 AM and back at the hotel by 4 or 5 PM. I get high hourly rates for the seat time on my plays but I also spend considerable time looking for the plays.
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Posted by: mickeycrimm@yahoo.com
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