Video poker began in the 1970s when William Redd - known as the “King of Video Poker” - married video game technology with gambling. Sometime a little more than a decade ago, the odds changed. It’s a place where you lived and they were nice to you, and you could get it paid for by playing slots.”īut 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. The casino to him was like a job in Toyota in Japan, where you live in the Toyota apartments across the street, and then you go to the Toyota factory to work. If a lot of these hotels say they don’t know Steve, they’re lying,” Eric Paddock said.īut his brother also “didn’t love the casino,” Paddock said. “He’s got the highest level of membership card at a lot of these hotels. It’s methodical and solitary.”įor Paddock, who was also a multimillion-dollar real estate investor, it was at least a steady income over a period of years. “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. “He could tell you off the top of his head what the odds were down to a tenth of a percent on whatever machine he was playing. ![]() ![]() Paddock was comfortable with calculation. They deal in numbers.įor 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. They don’t distract, they don’t order too much gin and make mistakes. Most Americans are familiar with poker, from small-stakes home games to final-table showdowns at the World Series of Poker, a game in which reading your opponent can be as important as the cards that are dealt.
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