The Volatility of 100 Play

The Volatility of 100 Play

           Recently, for my wife's birthday we went to see her favorite musical artist - Celine Dion.  We got to Caesar's a bit early and had about 30 minutes to kill.  We found a bank of 3 100-play video poker machines with 2 available and decided to play.  When you play 100-play machines, playing 1 cent per hand really means playing $1.00 per deal, which makes you almost a max-coin quarter player on a single play machine.  Unfortunately, penny machines don't tend to pay full-pay because there simply isn't enough house advantage for the casino to cover its cost on the machine.  Add to this the fact that we were playing on the strip, and I really didn't want to think how bad the payback was of the game we played.  It wasn't really about winning as much as it was about killing 30 minutes.

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