Youuuuuuuuuu might not be an AP if...(contest)

I feel your pain Kentry. I had mentally spent the $25 myself and I didn't get a whiff :(

We will need to try harder next time methinks

I didn't even know that the $25 gift was real. I thought it was a fictional, a tongue in cheek joke.

You might not be an advantage player if you think Jacks or better is a name calling contest.

Quote: Kentry

I can't believe my entry didn't win

Now that you mention it, not even an honorable mention for my

"you might not be an AP if you resort to playing 'casino war', 'guess the number I'm thinking', and 'rock, paper, scissors' but then get killed at all those games too"

well, I guess the Chevy Chase movie did the joke and I just repeated it

and I did get one honorable mention, thanks

Quote: Kentry

I didn't even know that the $25 gift was real. I thought it was a fictional, a tongue in cheek joke.

You might not be an AP if you didn't make the top 10 list.

You might not make the top 10 list if you're not an AP.

Spending $400 to get a $400 Progressive should have been in the Top 10! That's pure Gold!

Quote: AxelWolf

You might not be an AP if you didn't make the top 10 list.

You might not make the top 10 list if you're not an AP.

Yay!! I'm not an AP. :-)

Quote: Kentry

I didn't even know that the $25 gift was real. I thought it was a fictional, a tongue in cheek joke.

We play with real money. We don't pretend to offer it if it's not real. There's this thing about honor and integrity most of us on this forum have, where if we place a bet or offer a prize, and the conditions are met, we pay.

Quote: Ibeatyouraces

Yay!! I'm not an AP. :-)

I wanted to give you a chance to win so I saved the best for after.

You might not bean AP if you think Wong in, Wong out is referring to a Chinese restaurant.

Okay, I'm sorry. Still relatively new here and assumed the $25 was a tongue in cheek joke. *blushes.* :)

Quote: DRich

Great contest Babs and Mods.

Credit is all Babs'. I just got dragged in to vote =)

Quote: Kentry

Spending $400 to get a $400 Progressive should have been in the Top 10! That's pure Gold!

That's twice now, plus in the follow-on thread you started. You got answered there, but I'll take another shot at it. An AP often spends $400 to win $400. Sometimes variance makes it take that long. Sometimes longer. On the whole, shorter, or it wasn't a good AP play. But it is an AP move if the progressive meter indicates you're more likely than not to win for less than the amount to play it. Which makes it a non-winner for this particular contest.

I'm saying that you just broke even at best if you lost $400 to get a $400 Progressive. Now if you spent $10 and got the $400 Progressive, then you are a true AP.

Quote: Kentry

I'm saying that you just broke even at best if you lost $400 to get a $400 Progressive. Now if you spent $10 and got the $400 Progressive, then you are a true AP.

I know you're saying that. Several times now. It just indicates that you're not grasping the concept.

Quote: Kentry

Now if you spent $10 and got the $400 Progressive, then you are a true AP.

Ermmm No. You can be an AP if you lose on a sequence of wagers just as easily as you can not be an AP if you win.

Being lucky enough to take a $400 prize with a $10 stake doesn't indicate anything about being an AP.

Quote: Ayecarumba

Wow, thanks folks! I am genuinely shocked. It was fun. Reminds me of the "Top 10" contest that the Late Show with David Letterman used to run on their website.

I think I did give Shamu my highest score (7), but it was the Progressive bit that made me laugh the most (also 7). Either way, you killed it =)

Okay, I'm sorry. Can you teach me more about the Progressive thing? :) I am clearly confused about the Progressive thing. :)

Quote: Kentry

Okay, I'm sorry. Can you teach me more about the Progressive thing? :) I am clearly confused about the Progressive thing. :)

Just quickly, it's like getting in on a triple-down promotion in BJ, it hardly gets better than that, but you could easily lose money, big money maybe.

Aww I liked mine for top 10 so much that I only made 1 entry. Sad face

Quote: Kentry

Okay, I'm sorry. Can you teach me more about the Progressive thing? :) I am clearly confused about the Progressive thing. :)

I'll try. I'm not an AP myself, but this is how it works:

There is a base reset value on every progressive. Using that reset value, an AP calculates the house edge on the base game. That's hard to do with slots, because the manufacturers and casinos tend to keep that information proprietary (how many symbols are on each reel, how often they're keyed to come up when the random generator picks a particular number).

It's easier on video poker, because of requirements about the randomness of the cards. So a video poker game with a progressive Royal Flush jackpot might start with a return to the players of 98.4%, for example, at the reset. That return goes up very slightly as the progressive climbs, depending on how much of your bet goes towards the jackpot aka "makes the meter rise". As the meter rises, the house edge decreases very slightly with each movement.

There comes a point where, with the size of the jackpot, the return to players reaches or exceeds 100%. That machine is now theoretically offering an advantage to the player of some minute amount. Enough above that, and the AP will play the machine full-out (at maximum bet), trying to hit the jackpot before they've spent more than they expect to gain. Their calculation includes not just the jackpot, but all the smaller wins they expect to get using optimal play (which is where all but 2 or 3% of the return to player comes from).

Moving from that, there are now "must hit by" slot progressives out there. The AP still doesn't know what the return to player is, so they play the game enough to observe how much money it takes to make the meter(s) move one increment. They can then calculate how much money they would have to put in to ensure that they WILL hit the jackpot by moving the meter. If that amount to force the jackpot is less than they expect to win (including smaller incremental progressives or spin wins) by doing it, they will again play the machine to the maximum, hoping to hit it before it MUST win, but knowing they will at worst break even.

This is not a simple thing to calculate, the point at which a machine has positive value. But several on here are expert at it. If they want to say more, or correct anything I've written, they're welcome to. There are many other types of progressives as well, but I think that's enough for a beginning.

Quote: AxelWolf

You might not bean AP if you think Wong in, Wong out is referring to a Chinese restaurant.

You're not an AP if you think Stanford Wong
is Chinese.

Thanks for the explanation, Beach Babs! :) My local Casino has 4 Progressives machine that made it extremely possible to win $40 on a literal one cent bet. All you have to do is match up the top paying symbols and have either a Golden Apple(Golden Apple game) or a $ symbol(Electric Boogaloo game) and a flame symbol at the very end and you get the $40 Progressive prize.

I have gotten the $40 Progressive about 3 times on a penny, but haven't gotten it in months. I came the closest with almost a full line of Disco Queens(Electric Boogaloo) on Thursday, but the third Disco Queen did not show up, costing me the $40 Progressive prize. I was peeved.

The only time I have recently gotten the $40 Progressive was when I was playing .50 in Golden Apple and got full lines of The Princess, with the Apples being wild and the Flame symbol and it did it to three lines, giving me $120.

The jury is still out on you, Kentry.

Is he for real or not?

Lately there is a rumor the jury is leaning heavily towards "not for real"

Look I am for real, no matter what that Instigator says about me.

I'm pretty sure "that Instigator" has little to do with the opinions others have about you.

Tied for 7th! Yay! I may not have known if that one person wasn't suspended.

Well, that Instigator certainly didn't help matters. Was on my case from day one.

The limosine one is a good one come to think of it.

That probably happens in real life.

Quote: Kentry

Look I am for real, no matter what that Instigator says about me.

The question for my "jury" was if you are somebody else previously banned now pretending to be an ingenue

PS: why is the word 'disingenuous' defined as it is ? Seems like it should be the opposite of the word 'ingenuous'

Quote: googling it

dis·in·gen·u·ous
ˌdisənˈjenyo͞oəs/
adjective
adjective: disingenuous

not candid or sincere, typically by pretending that one knows less about something than one really does.

>>>

in·gen·u·ous
ˌinˈjenyo͞oəs/
adjective
adjective: ingenuous

(of a person or action) innocent and unsuspecting.

Quote: Kentry

I can't believe my entry didn't win and didn't even make the best of list. "You might not be an AP if you spend $400 to get the $400 progressive." That was Gold! *Sulks like a petulant child* :(Congratulations to Aye Carumba, however! :)

It didn't win because that's a fairly standard play... on certain machines you can calculate when a $400 progressive will hit, thus if you're within the $400 threshold you're looking to "at worse" break even (not figuring in comps/etc), which sometimes means you spend $400 to make the $400 progressive. Still, it's an AP play (as you're guaranteed not to lose money, and with comps, guaranteed to 'make money'), and thus you ARE an AP is you spend $400 to make the $400 progressive =).

Congrats to Aye! It was a fun thread and great contest.

edit - IF you sell a system for being blackjack based on streaks that has nothing to do with card counting, house edge, expected values, and your name is Pete Caldwell, youuuuuuuuu might not be an AP.