biloxigrant
biloxigrant
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January 29th, 2013 at 5:33:34 PM permalink
I appreciate the ROR suggestions for 9/6 JOB on WizardofOdds.com. However, these numbers are for "an indefinite period of play." I need to know more accurate figures based on a specific number of hands (Just in case I don't live forever).

For example: What size bankroll is required to sustain 1 million hands (about 1 year's play for me) of 9/6 JOB, given a 1% CB and a 5% ROR?

What is the formula for this calculation so that I can determine the outcome of different scenarios?
Venthus
Venthus
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January 29th, 2013 at 9:18:18 PM permalink
I was curious about the numbers myself, so I ran 1m hands through WinPoker:

Actual Money In: 21,880 credits
Coin-In: 5,000,000 credits
Winnings: 4,995,520 credits
Results: -4,480 credits
Percentage: 99.91%

Now, considering this was 5m credits, if you had 1%CB, you'd've gotten 50000 credits back, so your results are now +45,520 credits.

As for calculating, RoR, I have no idea.

I'll put up screenshots with more in-depth info, including hand frequency when I'm not on metered internet. (And, just for fun, I'm running it up to 10m hands now.)
biloxigrant
biloxigrant
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January 30th, 2013 at 8:21:51 AM permalink
Thanks for the info. I ran simulation with Frugal Video Poker and got similar results. However, adding the CB at the end doesn't seem quite right. I guess I could just divide CB/Coin-In. Is there a way to incorporate the 1% CB into each hand with a simulator?

I see this as a promising business venture, and am trying to approach it as such. Accurately estimating the capital requirement is critical. I don't want to go bust without giving it a fair chance, but I don't want to tie up excess funds either.
AlanMendelson
AlanMendelson
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January 30th, 2013 at 8:40:01 AM permalink
A million hands in a year? Im a pretty active video poker player and in 2011 I played 180,000 hands. I kept track by using my total rewards tier score, and that was the year I never hit a royal. (I didn't keep track in 2012 because I hit 11 royals and didn't separate tier points at video poker from those at craps.)
TIMSPEED
TIMSPEED
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January 30th, 2013 at 9:14:11 AM permalink
I play very less than that, and I get 2% cash back + 1% comp...but it's capped at $30k a month...
Gambling calls to me...like this ~> http://www.youtube.com/watch?v=4Nap37mNSmQ
JB
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JB
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January 30th, 2013 at 10:08:48 AM permalink
Quote: TIMSPEED

I play very less than that, and I get 2% cash back + 1% comp...but it's capped at $30k a month...


The casino gives you 2% cash back and 1% comps for playing real (Vegas-style, not Class II) 9/6 Jacks or Better?!

Which of the following figures does the $30,000 cap apply to?

1) The 2% cash back
2) The sum of the 2% cash back + 1% comps
3) The coin-in which earns 2% cash back + 1% comps

If #1, the EV per year is $277,902.79 cash + $138,951.40 comp for $1.5 million of coin-in per month on 9/6 Jacks
If #2, the EV per year is $185,268.52 cash + $92,634.26 comp for $1 million of coin-in per month on 9/6 Jacks
If #3, the EV per year is $5,558.06 cash + $2,779.03 comp for $30,000 of coin-in per month on 9/6 Jacks
Venthus
Venthus
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January 30th, 2013 at 10:23:34 AM permalink
Quote: biloxigrant

Thanks for the info. I ran simulation with Frugal Video Poker and got similar results. However, adding the CB at the end doesn't seem quite right. I guess I could just divide CB/Coin-In. Is there a way to incorporate the 1% CB into each hand with a simulator?



No simulators that I know of support that, but VP's not my game of choice. (The long tail of VP is a bit long for my taste...)

Mathematically speaking, it shouldn't matter when the CB gets added back in since it's effectively cash, unless it's in the form of no-point-accrual FP in which the amount of CB generated would be a bit lower. It's still indicating a net gain though.

Also, it finished the 10m hand simulation and that required a total cash input of 164,360 credits. Still on metered internet.
TIMSPEED
TIMSPEED
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January 30th, 2013 at 11:15:35 AM permalink
Its #3 JB..
and they do it with NSUD too..used to have 10/6 DDB...but they got rid of it...
Gambling calls to me...like this ~> http://www.youtube.com/watch?v=4Nap37mNSmQ
JB
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JB
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January 30th, 2013 at 12:11:02 PM permalink
Quote: TIMSPEED

Its #3 JB..
and they do it with NSUD too..used to have 10/6 DDB...but they got rid of it...


I had a feeling it must have been (choice #3).

With NSUD that's an average expected cash profit of $518.49/month before considering comps. Obviously that's not enough to live off, but assuming you can play NSUD at the $1 denomination and you can play 1500 hands/hour, then it only takes 4 hours of "work" per month at an average "wage" of $129.62/hour.
7craps
7craps
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January 30th, 2013 at 12:29:59 PM permalink
Quote: Venthus

No simulators that I know of support that, but VP's not my game of choice. (The long tail of VP is a bit long for my taste...)

Mathematically speaking, it shouldn't matter when the CB gets added back in since it's effectively cash, unless it's in the form of no-point-accrual FP in which the amount of CB generated would be a bit lower. It's still indicating a net gain though.

Also, it finished the 10m hand simulation and that required a total cash input of 164,360 credits. Still on metered internet.

At 1 million hands played, the VP distribution is quite normal.

I have also not seen a simulator consider CB over N hands played.
VP for Winners calculates RoR with CB% but for no number of hands played.
5% RoR with a 1%CB is about a $23,600 bankroll

The simulator here, without CB
http://www.beatingbonuses.com/simulator_java.htm

Shows a $22k bankroll having a 4% RoR


added: A 5 coin bet has a standard deviation of 22.0877
Times that by 1000 gets a 1SD of $22,087.7 over the 1 million hands played.
SD values for RoR just do not work good with VP without some kind of conversion or simulation


Below Shows a $1 million bankroll having a 0% RoR


Maybe if you ask JB, make it nice, he would consider making a slick Java VP simulator for everyone to enjoy.
He could even charge for it

Good Luck
winsome johnny (not Win some johnny)
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