Discount on actual losses
June 20th, 2018 at 5:36:11 AM
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Hello, scuse me for my poor English,
i only began to learn recently !
i would like to know, if it's possible to give a rebate on losses on slot machine?
i read the good article d'andrew macdonald , but i don't believe it's works with slot machine !
do you know a formula who well working ?
thank you very much
i only began to learn recently !
i would like to know, if it's possible to give a rebate on losses on slot machine?
i read the good article d'andrew macdonald , but i don't believe it's works with slot machine !
do you know a formula who well working ?
thank you very much
June 20th, 2018 at 5:42:38 AM
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where do we find that article?
the problem I see with changing such a loss rebate from a negative to a positive expectation is that there normally is such a huge house edge to overcome with slots
basing it on actual rather than theoretical losses would be a good start though
perhaps if we could read that article?
the problem I see with changing such a loss rebate from a negative to a positive expectation is that there normally is such a huge house edge to overcome with slots
basing it on actual rather than theoretical losses would be a good start though
perhaps if we could read that article?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
June 20th, 2018 at 5:57:31 AM
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thank for you help
you'll find that here
you'll find that here
June 20th, 2018 at 5:59:28 AM
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https://euroasiacasino.com/asia/wp-content/uploads/2015/07/AndrewMacDonaldWorkPaperonLossDiscounts.pdf
Link from above. Legit download via pdf, not showing any malware attached.
Welcome to the forum, funa. Disregard my PM.
Link from above. Legit download via pdf, not showing any malware attached.
Welcome to the forum, funa. Disregard my PM.
If the House lost every hand, they wouldn't deal the game.
June 20th, 2018 at 6:41:50 AM
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Once you have a player that has played a fair amount, I have no problems giving rebates for losses below the players theoretical. I usually do it as bounceback free play because you want to make sure the player comes back in and plays with it.
At my age, a "Life In Prison" sentence is not much of a deterrent.
June 20th, 2018 at 10:53:29 PM
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thank you Drich, but it's not my idea,
please read pdf (link above)
please read pdf (link above)
June 22nd, 2018 at 4:55:44 AM
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I apologize, Funa, but I have trouble making heads or tails of that pdf file and I haven't even gotten to the math part. I am not qualified to begin with, but I thought if I asked for the details someone else more qualified could pick up on it.
If you can make sense of statements like these,
If you can make sense of statements like these,
then you are more qualified to answer your own question than I am. I know the meaning of each word in the above quote, but as a paragraph it just comes out as gibberish, as if the writer meant for it to be gibberish. But maybe that's just me. Apologies again. It's the sort of thing I'd have to dedicate an enormous amount of time to, in order to finally get less than 100% of the content out of it ... and that ain't happeningQuote:the theoretical cost to the company will range from approximately the rebate percentage divided by twice the house advantage and would minimise at the rebate percentage. If the rebate on loss percentage were 10% and the house advantage 1.25%, then the theoretical cost of the rebate will range from roughly 400% of theoretical win at maximum, in an even chance game, and minimise at 10%.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
June 22nd, 2018 at 5:31:52 AM
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I thought it was because of my bad English...
thank a lot Odiousgambit
thank a lot Odiousgambit
June 22nd, 2018 at 8:11:54 AM
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well, he gives a formula for up to 400% of theoretical loss [as max] if the house will go by actual losses - I can read. But "in an even chance game", what the ...? I guess he means 'even money' payoff. Perhaps eventually one could make sense of it, but life is too short to have to start parsing before you even get to the math.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
June 23rd, 2018 at 8:40:12 AM
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Yeah I gave up as well.
I always thought loss rebate is something like: we rebate half your losses up to $200 (i.e. $100 rebate) in the form of free play once per day/week/month/year/life (depending on amount of action).
A loss rebate based on theoretical loss makes no sense. A 92% payback slot machine with a 50% loss rebate is a 96% payback slot machine. Just change the chip to do that (unless the whole loss rebate thing brings in more patrons, maybe that's why?)
I always thought loss rebate is something like: we rebate half your losses up to $200 (i.e. $100 rebate) in the form of free play once per day/week/month/year/life (depending on amount of action).
A loss rebate based on theoretical loss makes no sense. A 92% payback slot machine with a 50% loss rebate is a 96% payback slot machine. Just change the chip to do that (unless the whole loss rebate thing brings in more patrons, maybe that's why?)
June 23rd, 2018 at 8:45:16 AM
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Quote: KevinAAA loss rebate based on theoretical loss makes no sense. A 92% payback slot machine with a 50% loss rebate is a 96% payback slot machine. Just change the chip to do that (unless the whole loss rebate thing brings in more patrons, maybe that's why?)
A loss rebate on theoretical loss is precisely what free play is. You can’t get a loss rebate if you don’t lose.
June 23rd, 2018 at 9:29:10 AM
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I guess not.Quote: gamerfreakYou can’t get a loss rebate if you don’t lose.
But just to make it clear, a theo-based rebate is safe enough for the casino, while a loss rebate seems to be even safer, while it is not, allowing someone like Don Johnson to game his offers and take the house to the cleaners
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
June 23rd, 2018 at 9:29:26 AM
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delete dup.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
June 25th, 2018 at 7:40:15 AM
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Quote: KevinAA
A loss rebate based on theoretical loss makes no sense. A 92% payback slot machine with a 50% loss rebate is a 96% payback slot machine. Just change the chip to do that (unless the whole loss rebate thing brings in more patrons, maybe that's why?)
yes, you're right !
but is to create an imbalance between loyal customers and others ... it's marketing choice
thank
June 25th, 2018 at 8:07:39 AM
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Quote: Funayes, you're right !
no, that was not exactly right, although it is an easy and forgivable assumption to make, that the one thing is equivalent to the other.
APs actually do not like excessive discussion about this, so I will say I have made my case and shut up about it. It's not like it can't be looked up.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
