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:
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 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:
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.
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.
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.
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.