Reply To: Assessing Plays - Slot Slayers

Reply To: Assessing Plays

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#6809
Lorne RichardsonKing of Hearts
Participant

    For me, if it’s a bona fide play, then it’s a play, regardless of the bet size, unless the play is so lengthy that it would likely deplete my entire bankroll without hitting it. As an example, I found a $1 Regal Riches with 15 blues on it at 150 credits per spin a little less than 3 years ago. I only had $1,000 on me, but I put it all in the machine and hoped I’d hit it in 6 spins or less. My plan was that if I didn’t hit it before I ran out, I’d just ask the slot floorman to hold the machine, go to the cage, and use my debit card to withdraw whatever I felt it would take to hit the play; I wouldn’t like paying the transaction fees, but it would be worth it in the end, or so I figured. In this particular situation, it only took 5 spins to hit for a 28-29 unit profit, so I didn’t have to execute my plan, but even if the play had been a loser, I wouldn’t have been unhappy with my decision to play; it was a solid +EV opportunity regardless of the outcome. That said, if it had been 60 purples, 85 greens, or 110 yellows, I probably would’ve passed, because I could very well have depleted my bankroll without hitting, as my bankroll at that time was only 150 units at that bet size. For me, very little (or perhaps nothing) is more upsetting than starting a play and not being able to finish it. (As a side note, after that play, I started keeping $2,000 on me, give or take.)

    Applying that to your situation, I would have done the same and played it to completion, win or lose. If I stop in the middle, then my loss is guaranteed, but if I finish the play, then at least I have a chance to make some money back, if not all of it. So, despite the 15% hit to your bankroll, I think you were right to make the play and definitely right to keep going until the end once you started.