NO! You didn't waste your money or time at all. What Pete was saying is that you CAN gain all of the information in a book, but sometimes, in pleasure reading mostly, you want to stop and read a paragraph because it was enjoyable to read. There may be many reasons for enjoying it... it may be well written, it may have pleasant imagery, etc. If you PhotoRead because you need it for your job, then keep the program. You will need it, and it will help you more than you may think.
In the dictionary, if your word is not in the dictionary, find out where the word would be if it were in the dictionary(alphabetically) and see if you were right. Also, many people fail the first few times they try the game, the game is just to try to demonstrate the affects of photoreading, to show you it works. Try it more than once, and then if it doesnt work just keep going with the tapes, getting it wrong on the game doesnt mean you cant photoread, you just need more practice. KEEP AT IT! It will help.