The writer of the biblical book Ecclesiastes remarks that "there is nothing new under the sun." He could have just as easily been putting pen to paper and writing this section. The money management advice I'm about to give has been given before by me and hundreds of other gambling writers before me.
First and foremost, only play with money that has been specifically set aside for the purposes of gambling. I do this by having a separate checking account that has only my gambling stake in it. I originally built my initial stake by slating the fees from extra writing jobs just for gambling. At a certain point I had what I wanted in that account and I was ready to begin my career as a gambler. Now, I take my markers out against this account and play only a small percentage of the account on any given day. If the account goes over a certain total amount, I take the excess and use it for other purposes. When the total goes under a certain amount, I adjust how much I will allot for my individual sessions and how much I'll bet at any given time. In this way, I assure myself of enough of a bankroll to weather the very worst losing streaks.This method of cost accounting has served me well.
Okay, with cliche paragraph duly noted, what should you consider a sizable enough bankroll to engage Lady Luck at video poker? Instead of using dollar amounts, let's talk in terms of coins. A coin will be defined as the single-coin amount of your machine. If you are playing a 25-cent machine, then 25 cents is one coin. If you are playing a dollar machine, then a dollar is one coin. Since you will always be playing maximum coin, it will usually cost you five coins for one hand of video poker. (Some machines do take four coins, some eight or more, as the maximum. You'll have to adjust accordingly.)
Ask yourself the question: How long do I want to play? Or, how many shots at Lady Luck do I want to take?
Let us say you want to play for four hours a day for three days. That's 12 hours of total play. Assuming four hands a minute (one hand every 15 seconds—a rather moderate pace), you would play 2,880 hands of video poker in that three-day period.
Now, you have a choice to make. Do you play any credits during your sessions or do you stick to playing coins? Personally
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