Basically when you deposit 25$ real money gets turned into 50$ bonus and you need to wager 600$ on the slot to release it .You keep all winnings.
How big should my bets be to have 50$ last through 600$ wagers ? Or should I bet big and try and hit and then ride it out?
THanks
1) Estimate the return of the slot machine. Best way to play this safe most the time is to find out the minimum they can have and just go off that. Otherwise you could always ask, research on their site and it might list it, etc.
2) Pick a bet amount to work with (you can change this later or come back to this step with a different amount later).
3) EV = (NumRounds*AvgBet)*HouseEdge ...This is the important one that is the same for just about anything from slots to VP to table games. Simply plug in your numbers from above... HINT: By this step you'll have all 3... just remember your "TotalAction" which is (NumRounds*AvgBet) needs to be $600, as you stated above.
4) Compare your negative EV from playing the game to the bonus you're getting for doing it and see if you still come out with a net profit. If you do, then it's a +EV play (though it may or may not be "worth it").
Bonus Credit: Take the total amount of the +EV and divide that back in to your action to find the % edge the play has.
The last part you're asking about is "will I make it..." and that has to do with standard deviations. Slots are usually very volatile games (high variance). Thus I'd imagine just about any betting amount over $.50 will run a fair Risk of Ruin (RoR) to go broke in the process. The lower you can bet, the longer the grind will be, but the lower your RoR will be.
And it's no good.Quote: RomesI was gonna reply with the math to this, but then I felt Axel's little voice yelling at my from over my shoulder because if I did that then it would be just giving the math away to evaluate bonus plays like this (though I still don't think that's very important - the importance is finding the play). So I'll compromise and give it to you in english, and you should be able to figure out the math from that...
1) Estimate the return of the slot machine. Best way to play this safe most the time is to find out the minimum they can have and just go off that. Otherwise you could always ask, research on their site and it might list it, etc.
2) Pick a bet amount to work with (you can change this later or come back to this step with a different amount later).
3) EV = (NumRounds*AvgBet)*HouseEdge ...This is the important one that is the same for just about anything from slots to VP to table games. Simply plug in your numbers from above... HINT: By this step you'll have all 3... just remember your "TotalAction" which is (NumRounds*AvgBet) needs to be $600, as you stated above.
4) Compare your negative EV from playing the game to the bonus you're getting for doing it and see if you still come out with a net profit. If you do, then it's a +EV play (though it may or may not be "worth it").
Bonus Credit: Take the total amount of the +EV and divide that back in to your action to find the % edge the play has.
The last part you're asking about is "will I make it..." and that has to do with standard deviations. Slots are usually very volatile games (high variance). Thus I'd imagine just about any betting amount over $.50 will run a fair Risk of Ruin (RoR) to go broke in the process. The lower you can bet, the longer the grind will be, but the lower your RoR will be.
Your little voice? =PQuote: AxelWolfAnd it's no good.
And this isn't the same thing?
Quote: AxelWolfOnce again you missed 2 or 3 much better plays that were there. Net-Pay and Globe Shopping machines were much much better than the cherry pies, comming soons, Dimond mines, bonus spins etc etc, AKA the Vision machines.
The NP and GS were linked bonus banking machimes and you didn't have to stalk anyone or fight for machines, just quietly sit down and mind your own business. Quietly cash in your coins and repeat.
Had you been working AP right you would not have had to even mess around fighting over cherry pies, gems, and stuff like that. There was much better stuff going on that didn't require a significant amount of risk and BR like you suggested before. As soon as the word spread about various bonus machines it was time to move on. Perhaps during slow times or when passing by on your way to something good. Or go somewhere where they had little or no competition with higher denominations.
IMO from everything you have said about your plays, and AP examples you just didn't really know what the you were doing. You were playing Tic tac toe while others were playing checker, chess and poker, after 8 years of that I can see why you quit. You didn't move on or move up to different and or better things.