Headlock
Headlock
  • Threads: 22
  • Posts: 316
Joined: Feb 9, 2010
December 29th, 2014 at 1:53:30 PM permalink
I need 2,000 points to achieve the next players club tier level and this is desirable for me. $10 coin-in earns 1 point. My question is, how much money should I have available to have a reasonable shot at earning 2,000 points? I plan to play $1 double double bonus super times pay, 3 lines, or $18 per spin. Per Wizard of Odds 99.26% return, or a little better than 97% excluding the royal.
Dieter
Administrator
Dieter
  • Threads: 16
  • Posts: 5564
Joined: Jul 23, 2014
December 29th, 2014 at 6:17:00 PM permalink
You need to run $20,000 coin-in.

Assuming 97% RTP, that should be $600. ($20,000 * 3%) Due to the variance of the game, I'd suggest having at least triple that.

STP increases variance, DDB is already high variance. STP DDB isn't the way I'd go about it. I'd want a low variance game, so that it's less likely to deviate significantly from expected RTP.


Good luck.
May the cards fall in your favor.
AxelWolf
AxelWolf
  • Threads: 164
  • Posts: 22282
Joined: Oct 10, 2012
December 29th, 2014 at 7:41:54 PM permalink
Quote: Dieter

You need to run $20,000 coin-in.

Assuming 97% RTP, that should be $600. ($20,000 * 3%) Due to the variance of the game, I'd suggest having at least triple that.

STP increases variance, DDB is already high variance. STP DDB isn't the way I'd go about it. I'd want a low variance game, so that it's less likely to deviate significantly from expected RTP.


Good luck.

I would say more than that.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
RS
RS
  • Threads: 62
  • Posts: 8626
Joined: Feb 11, 2014
December 29th, 2014 at 10:26:27 PM permalink
$1,800 isn't gonna cut it. I say $5,000 would be reasonable amount.

Edit: I don't play DDB nor have I played much STP.
coilman
coilman
  • Threads: 139
  • Posts: 1160
Joined: Jan 29, 2012
December 29th, 2014 at 10:43:08 PM permalink
Quote: Headlock

I need 2,000 points to achieve the next players club tier level and this is desirable for me. $10 coin-in earns 1 point. My question is, how much money should I have available to have a reasonable shot at earning 2,000 points? I plan to play $1 double double bonus super times pay, 3 lines, or $18 per spin. Per Wizard of Odds 99.26% return, or a little better than 97% excluding the royal.



Depends are you playing at THE EVIL EMPIRE casinos? if so bring the whole $20,000

I'll use my diamond from them next year for free rooms in Vegas and go gambling at RED ROCK and South Point enough to get room offers from them. I thought EVIL EMPIRES machines in Vegas (DDB $1) were rotten a few weekends ago when I was there.... they were good compared to the ones they have in Caesars Windsor .... nobody hitting anything.
AxelWolf
AxelWolf
  • Threads: 164
  • Posts: 22282
Joined: Oct 10, 2012
December 29th, 2014 at 10:45:56 PM permalink
Quote: coilman

Depends are you playing at THE EVIL EMPIRE casinos? if so bring the whole $20,000

I'll use my diamond from them next year for free rooms in Vegas and go gambling at RED ROCK and South Point enough to get room offers from them. I thought EVIL EMPIRES machines in Vegas (DDB $1) were rotten a few weekends ago when I was there.... they were good compared to the ones they have in Caesars Windsor .... nobody hitting anything.

You understand that's all silly talk.

It's the pay tables that determine everything not the casinos.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Dieter
Administrator
Dieter
  • Threads: 16
  • Posts: 5564
Joined: Jul 23, 2014
December 30th, 2014 at 2:52:24 AM permalink
Quote: RS

$1,800 isn't gonna cut it. I say $5,000 would be reasonable amount.



Fair enough, but 4:1 sucks... hence why I'd aim for a lower variance game, and be looking to get closer to 40:1.

I understand that you're not planning on losing it all.

Flipside: I'm willing to miss out on the next tier if I can't do it within a reasonable amount of money.
May the cards fall in your favor.
Boz
Boz
  • Threads: 155
  • Posts: 5701
Joined: Sep 22, 2011
December 30th, 2014 at 3:28:29 AM permalink
Again, if you are talking about CZR, tier doesn't mean nearly as much as ADT. Depending where you are and how much you play, you could lose offers with this play for 2000 points. Sure Diamond gets you so line advantages and such, but room offers are not going to change based on level. If you are that close to Seven Stars, then it would be worth it, assuming you maximize the level.

In AC, Diamond players are still not the respected much, even with the loss of business there, unless they have a high ADT. This is why they started changing the rules to enter the Diamond Clubs there. Many locals play a little a day year round, barely earn Diamond and then were eating and drinking in the DC 365 days a year. Was one of the best life deals out there. Now you must have $10 in comps to get in to the DC or earn 25,000 points year instead of just Diamond.

My point on this is as others have said, you could go on a bad run and lose more than expected, so you should look at the risk to reward on just playing for points to make a tier.
AxelWolf
AxelWolf
  • Threads: 164
  • Posts: 22282
Joined: Oct 10, 2012
December 30th, 2014 at 3:39:24 AM permalink
Quote: Boz

Again, if you are talking about CZR, tier doesn't mean nearly as much as ADT. Depending where you are and how much you play, you could lose offers with this play for 2000 points. Sure Diamond gets you so line advantages and such, but room offers are not going to change based on level. If you are that close to Seven Stars, then it would be worth it, assuming you maximize the level.

In AC, Diamond players are still not the respected much, even with the loss of business there, unless they have a high ADT. This is why they started changing the rules to enter the Diamond Clubs there. Many locals play a little a day year round, barely earn Diamond and then were eating and drinking in the DC 365 days a year. Was one of the best life deals out there. Now you must have $10 in comps to get in to the DC or earn 25,000 points year instead of just Diamond.

My point on this is as others have said, you could go on a bad run and lose more than expected, so you should look at the risk to reward on just playing for points to make a tier.

+1
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
RS
RS
  • Threads: 62
  • Posts: 8626
Joined: Feb 11, 2014
December 30th, 2014 at 4:48:43 AM permalink
Just because you COULD lose $5K or however much, that doesn't mean that you will lose that much. I guess that's sorta obvious, in a way. But, just remember that getting to that next tier level isn't necessarily going to cost you $5K....it'll only cost you ~ $200 in EV (1% of $20,000). You could hit some very nice hand(s) and win $10K.
AxelWolf
AxelWolf
  • Threads: 164
  • Posts: 22282
Joined: Oct 10, 2012
December 30th, 2014 at 5:46:34 AM permalink
Quote: RS

Just because you COULD lose $5K or however much, that doesn't mean that you will lose that much. I guess that's sorta obvious, in a way. But, just remember that getting to that next tier level isn't necessarily going to cost you $5K....it'll only cost you ~ $200 in EV (1% of $20,000). You could hit some very nice hand(s) and win $10K.

Not if you're not well bankrolled. It never comes if you need it, and your playing on a short roll.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Sabretom2
Sabretom2
  • Threads: 11
  • Posts: 718
Joined: Mar 3, 2013
December 30th, 2014 at 9:34:09 AM permalink
Take rate of return, subtract 2%, then round down. Triple the result and choose low variance. If you're not expert at a low varience game use 5 times the result. No matter what number you choose, there is always a risk of ruin in a -EV game.
DRich
DRich
  • Threads: 86
  • Posts: 11745
Joined: Jul 6, 2012
December 30th, 2014 at 10:02:33 AM permalink
I would probably take $4,000.
At my age, a "Life In Prison" sentence is not much of a deterrent.
GWAE
GWAE
  • Threads: 93
  • Posts: 9854
Joined: Sep 20, 2013
December 30th, 2014 at 10:47:53 AM permalink
Quote: DRich

I would probably take $4,000.



I would probably take $4000 as well, but I would play something with less variance as well. When I play $0.25 or $0.50 JOB and DDB I can say $200 always gets me at least $1500 coin in. I can not think of 1 time where it has not. It probably has but I can not think of a time.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
  • Jump to: