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?
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.)
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.
Quote: TIMSPEEDI 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
Quote: biloxigrantThanks 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.
and they do it with NSUD too..used to have 10/6 DDB...but they got rid of it...
Quote: TIMSPEEDIts #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.
At 1 million hands played, the VP distribution is quite normal.Quote: VenthusNo 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.
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