I thought this subject had been fully aired, but it came up again on a thread yesterday, so I thought I’d address it again very briefly.
The question is whether Paddock could have made money playing video poker. The answer is “yes, if he started with a huge stake and was an obsessive numbers guy, and particularly if he started quite a few years ago when the machines had better odds for the patient and focused video poker obsessives among us.”
The odds are actually not too bad to at least break even if and only if you know what you’re doing and have a lot of patience. Paddock apparently knew what he was doing and had a lot of patience (read: obsessiveness). Here’s the scoop:
For years, Paddock and other professionals had figured out how to make the machines pay, tipping their advantage by a few hundredths of a percentage point by identifying the right games and maximizing points while playing…
“The video poker machines that Paddock played often attract locals who are not seeking the excitement and rowdiness of live poker games,” said Scott Roeben who runs the Vital Vegas blog. “It is not glamorous, it’s not exciting. It’s a game of just slogging away. It’s methodical and solitary.”
For Paddock, who was also a multimillion-dollar real estate investor, it was at least a steady income over a period of years…
But those familiar with the world of video poker say winning has become much harder as casinos, mostly on the Las Vegas Strip, have added machines that hold a better house advantage.
Sometime a little more than a decade ago, the odds changed. And not in Paddock’s favor…
The elimination of most machines that don’t have a broad, built-in house edge has narrowed the field of those who are ready to drop millions, said Jean Scott, who has written several books about video poker and has played at a professional level for decades. “The advantage plays have gone away in recent years. It is getting hard to win,” Scott said. “The casino bean counters are getting tougher.”
Anthony Curtis, a professional gambler who runs one of the authoritative guides to the Las Vegas casinos, the Las Vegas Advisor, said Paddock was what is known as a “comp hustler” ”” someone who plays well enough to get significant compensation in the form of suites, limos and food.
“These kind of players play for the complimentary services ”¦ this guy was not social, but he liked to see himself, his girlfriend and anyone else he brought along be treated well,” Curtis said. “He was a relatively knowledgeable video poker player and definitely knew what he was doing. A player like him does not really lose money ”” they play within their means to an actual plan.”
That fits everything we know about Paddock, and all the reports I’ve seen of his personality and habits are consistent with it. He didn’t actually make five million dollars playing poker, but he started out with millions and apparently kept those millions fairly intact while living what he considered the high life.


