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Lazy Sports Betting Tactics
How to beat the bookies in the over-under markets
How to convert between decimal and American odds
How to get an edge in betting
How to test the credibility of a tipster`s record
Kelly criterion method
How to use Kelly Criterion for betting
How Weather Affects Sports Betting
Increase Your Chances of Winning Long Term Betting on Sports
Intermediate and Advanced Sports Betting
Common sportsbetting myths
Advices on Betting Fundamentals
Betting do's and don'ts
Choosing a staking method based on your betting profile
Betting staking plans
Value betting explained
Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
American types of bets explained
Martingale Considerations in Sports Betting
In-play betting
Accumulator betting
Mobile betting
A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
Does intuition have a place in sportsbetting?
Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
How do betting exchanges work
Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
A Novice’s Tutorial on Casino Gambling Games
How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
5 blackjack stereotypes
5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
The Last Guide to Video Poker Tournament Strategies You’ll Ever Need
Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
EUROPEAN VS. AMERICAN ROULETTE
EVEN MONEY CASINO BETS
Feel Confident When Gambling Online – 8 Tips to Help You Choose a Secure Site
Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
The only roulette strategy you will ever need
The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
Why Don’t Craps Players Just Use the Right Strategy?
Why I love American roulette
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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How to make a million playing video poker

I’ll level with you – if I knew some secret method for making a million dollars on video poker, I wouldn’t be blogging right now. I’d be in the Alaskan wilderness catching salmon or just sitting on my back porch cracking open a beer.

So how can you become a video poker millionaire? The truth is, there is no one secret method that will turn you into a video poker millionaire. I’m suspicious of “get-rich quick” ideas of any variety. As a general rule, the less work something requires, the less effective it is.

I can think of a few outside-the-box ways to put two commas in your bank account playing video poker:

  • You could win a million dollars playing progressive video poker. Of course, you’d have to win an unlikely number of progressive jackpots to total $1,000,000 – video poker progressive jackpots are considerably smaller than slot machines, resetting to between $500 and $1,500, and rarely paying off more than two or three times the reset amount. Don’t forget how rare progressive video poker games are – you won’t find a single progressive video poker game on the Vegas Strip or anywhere in Atlantic City.
  • You could sit around putting money in the machine until you hit an uncanny streak of luck. Let’s say you’re betting max, $5 per credit and $25 credits per hand. If you could string together enough $30 payouts in a row, you’d eventually win a million bucks. It would take 200,000 straight 6-credit wins (to offset the coast of each round’s maximum bet), and would certainly raise some eyebrows at the IRS, but I suppose it’s technically (given enough decimal places) “possible.”
  • You could have a really gnarly slip-and-fall accident while playing a video poker machine. If it’s found that the casino was negligent in inspecting and maintaining their property, you’ll be entitled to compensation, damages, and (in rare cases) a punitive award designed to teach the casino a lesson they won’t easily forget. It’s within the realm of possibility that you could win a million-dollar settlement. Of course, this is abuse of the system, and it would make you a horrible human being. It may backfire too – the court may throw the case out, especially if there is no evidence of negligence.

Those three ideas are pretty far outside the realm of possibility. Instead of slipping in a spilled drink, waiting for a mathematical miracle, or losing your shirt chasing progressives, I suggest a more level-headed approach.

The Three Basic Tenets of the Video Poker Millionaire

The three tenets listed below aren’t exactly secret. They’re freely-available all over the Internet. I can vouch for this fact, as I’ve written dozens of blog posts on these topics over the years.

Once you’ve learned how to play video poker, all you need to do to (one day) make a million bucks playing the game is follow these three simple rules:

  1. Learn Basic Strategy

If you want to have fun in Vegas and don’t mind eventually giving your entire $100 bankroll to the casino, you don’t need to worry about strategy.

If your plan is to earn a million dollars from video poker, you have to become a graduate student of gambling. It helps if you have a good library near your home, since some of the books you’ll want to read aren’t all that available online. In fact, if you live near a state university with a decent research library, you’re a step ahead.

While you’re at it, subscribe to some gaming magazines. If you’re mostly going to gamble in Vegas, subscribe to some Vegas content, too. Join a couple of forums. Depending on where you live, you may be able to find seminars in your area teaching legitimate video poker and other game strategies. By the way, this isn’t something you can do once or twice a year for a couple of years and be done with it. With new games come new strategies, and with new casinos come new opportunities for advantage gambling. You’ll really need to become a lifelong student of gambling and game strategy.

  1. Choose Player-Friendly Games

Unfortunately, the heyday of +EV video poker is long gone. You can still find a few high-paying titles that make a special trip to a specific casino or website worth your time. Specifically, there’s enough 10/7 Double Bonus and full-pay Deuces Wild on casino floors in the gambling Meccas of America to keep things interesting. If you are absolutely determined to earn a million bucks from video poker, you should probably stick to these titles only, since any other titles are going to retain too much of your money over time.

If you don’t mind gambling a little (or waiting a few extra years to earn your million), you can play some of the 99%+ titles that casinos still host. These are generally available whether you’re online, in Vegas, in Atlantic City, or elsewhere in the USA. The so-called Not So Ugly Deuces games (which we call 25/16/10) is popular and gives the casino a less than a quarter-percent edge, as do most casino’s versions 9/6 Jacks or Better, and the venerable 8/5 Bonus Poker with a return of around 99.1%.

Casinos love to put sub-99% video poker games immediately next to identical games set high. This is especially true in the few casinos where you still find full-pay titles. This means you absolutely have to inspect every pay table before you play.

  1. Manage Your Money (and Earn Comps)

The kind of dedication it takes to become a gambling millionaire means that it shouldn’t be hard for you to rigorously control how much you spend on video poker. But since you should always bet maximum, your wager size and scope are pretty limited. Instead of worrying about bet sizing, focus on earning those crucial additional benefits casinos give their loyal customers. That means joining the players club, exchanging club points for cash, scoring multiple-points promos, entering raffles and drawings, playing in video poker tournaments, remembering to mail in those bounce-back rewards clipping coupons, and doing all those annoying things that tend to make a casino trip less fun.

In exchange for a little bit of what always feels like wasted time, you’re putting a big dent in the casino’s edge. If you’re already playing +EV games, using comps basically extends your tiny edge. Not a statistically-significant amount at first, but over time, it makes a big difference.

Conclusion

I’m at the end of the post, and I have this nagging question at the back of my mind. Is this even possible?

I did some math – always a dangerous proposition – and came up with some interesting figures about this hands-off method of becoming a millionaire on Jacks or Better. To earn $1,000,000 playing 10/7 Double Bonus (which gives you about a 0.17% return per hour, when playing with perfect strategy), you’d have to play for 294,117 hours. That’s assuming you can play 80 hands an hour perfectly, making no strategic mistakes at all. That works out to about 100 years of playing the same game for eight hours a day.

Having said that, you could always form a partnership with other players working towards a common goal – but then, you’re not really a millionaire, are you?

All told, I think it’s an interesting question to answer and a good teachable moment. I am sure that someone out there has earned a million bucks (or even more) playing video poker, but they’re probably some sort of outlier, with an uncanny ability to play long-term and the best-odds games making very few mistakes. It’s also possible that a person would earn a million bucks worth of comps given enough time and enough loyalty at the right casino.