Technology Industry
Industry: Email Alert RSS FeedQuirks of video poker
Science News, Jan 27, 2001 by I.P.
The lure of big payoffs, thousands of dollars, brings bettors back again and again to the game of video poker. Actually winning such jackpots, however, is highly unlikely, says Todd D. Mateer, a recent graduate of Clemson (S.C.) University. Moreover, with unfavorable odds and limits imposed on how much a gambler may win per machine, even perfect play over a long time is a losing proposition.
Most RecentTechnology Articles
- Google Becomes (Almost) Full-Fledged Telecom, Vonage, Skype, Others In Sites
- Google Android Will Increasingly Win According to Gartner [UPDATE: Palm...
- Microsoft, Sony Were Right, Consoles Are the Future. Where's Apple?
- AOL, the $200 Million Coming Disaster
- Intel to Pay AMD $1.25 Billion; the Antitrust Cost Keeps Rising
- More »
In video poker, a player receives five cards. The player has the option of discarding and replacing any or all of these cards to try to achieve a winning poker hand. A built-in payoff table sets the amount a player gets for a given winning combination. Mateer's investigation of video poker, which was the focus of his master's thesis, showed that a player with a perfect strategy could over the long term actually make a profit on certain Las Vegas machines. But even using a flawless strategy and playing 40 hours per week for roughly 2 years, the player would earn no more than minimum wage. In South Carolina, however, state law mandates that the maximum payout per machine in a 24-hour period is $125. This limit makes playing video poker in South Carolina a losing venture for gamblers, no matter how expert they may be.
CXO UnpluggedSmart Business interviews on BNET
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Reference Articles
- ARAB EUROPEAN RELATIONS - Dec 22 - Russia Denies Selling Missile System To Iran
- EGYPT - Dec 29 - Opposition Says Mubarak Blessed Israeli Attacks
- ARAB AFFAIRS - Dec 22 - Syria Will Eventually Move To Direct Talks With Israel
- ARAB AFFAIRS - Dec 30 - GCC Denounces Massacre
- ARAB ISRAELI RELATIONS - Israel Issues An Appeal To Palestinians In Gaza
Most Recent Reference Publications
Most Popular Reference Articles
- The Greek chorus, Jimmy the Greek got it wrong but so did his critics - Jimmy Snyder and his views on pro sports and race
- How Tyler Perry rose from homelessness to a $5 million mansion
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
- Vickie Winans: at home with the gospel star who lost 75 pounds and reenergized her career
- The widow's hand



