Avincow
Avincow
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April 14th, 2015 at 8:20:00 AM permalink
I believe I can get a >1% edge in jacks or better during a certain promo period. How can I calculate my trip bankroll and long term bankroll if I want to pursue such promos?
surrender88s
surrender88s
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April 14th, 2015 at 8:26:51 AM permalink
Avincow, here you go:

https://wizardofodds.com/games/video-poker/appendix/1/
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." -Warren Buffett on risk/return
surrender88s
surrender88s
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April 14th, 2015 at 8:29:46 AM permalink
The way I see it, if you play 99.5% JoB, get 1.5% EV back somehow, to get to your claimed +1% EV, you have a 50% chance of going broke playing quarters with ~$625, about 500 units of $1.25.
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." -Warren Buffett on risk/return
RS
RS
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April 14th, 2015 at 8:33:48 AM permalink
Quote: surrender88s

The way I see it, if you play 99.5% JoB, get 1.5% EV back somehow, to get to your claimed +1% EV, you have a 50% chance of going broke playing quarters with ~$625, about 500 units of $1.25.




It really depends on how it works and the promotion n whatnot.

What if you had in some variance? Maybe you play 1k coin in and get a spin thing for a 50% chance of $30 in FP and a 50% chance of $0. ?

Or maybe it's a big drawing, with tiny chances of winning...but when you do win, you win much much more.
100xOdds
100xOdds
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April 14th, 2015 at 9:29:11 AM permalink
Quote: surrender88s

Avincow, here you go:

https://wizardofodds.com/games/video-poker/appendix/1/



wow.. at 1.5% cashback (to get +1% EV), you still need a $2000 bankroll for a 90% chance of not going broke at .25 denom?

at .5% cashback (to get to 0% EV), you need $16k bankroll for a 50% chance of not going broke?!?!
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
Avincow
Avincow
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April 14th, 2015 at 9:53:55 AM permalink
Quote: 100xOdds

wow.. at 1.5% cashback (to get +1% EV), you still need a $2000 bankroll for a 90% chance of not going broke at .25 denom?

at .5% cashback (to get to 0% EV), you need $16k bankroll for a 50% chance of not going broke?!?!



Not very hard to believe. In blackjack, you need about $5000 to play at $5 tables for 1% ror. And you get paid 1:1 most of the time. In vp you have bigger swings.
surrender88s
surrender88s
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April 14th, 2015 at 9:57:49 AM permalink
Also, with a house edge at -.44% + .5% = 0.04%... That's a tiny edge, practically unplayable for profit. Compare that to a .001% house edge where you have a 100% chance of ruin no matter what size the bankroll.
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." -Warren Buffett on risk/return
tringlomane
tringlomane
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April 14th, 2015 at 12:04:28 PM permalink
Quote: 100xOdds

wow.. at 1.5% cashback (to get +1% EV), you still need a $2000 bankroll for a 90% chance of not going broke at .25 denom?

at .5% cashback (to get to 0% EV), you need $16k bankroll for a 50% chance of not going broke?!?!



Remember these are infinite calculations and that a royal flush represents about 2% of the return. Run bad on the royals and you still lose. 2.5 years and counting for me.
tringlomane
tringlomane
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April 14th, 2015 at 12:04:30 PM permalink
duplicate
AxelWolf
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April 14th, 2015 at 5:56:14 PM permalink
Quote: tringlomane

Quote: 100xOdds

wow.. at 1.5% cashback (to get +1% EV), you still need a $2000 bankroll for a 90% chance of not going broke at .25 denom?

at .5% cashback (to get to 0% EV), you need $16k bankroll for a 50% chance of not going broke?!?!



Remember these are infinite calculations and that a royal flush represents about 2% of the return. Run bad on the royals and you still lose. 2.5 years and counting for me.

2.5 years? How Many hands/ cycles? It took me a long time to hit my first about royal 6 cycles. To be fair I played something that had a long RF cycle. approximately 50k hand cycle.

I cant be certain exactly how many hands I played. I didn't count before I quit my job. I played a fair amount on .5 nickel progressive at the Westward Ho when it got up. And various different types of VP, like double down stud.
♪♪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♪♪
RogerKint
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April 14th, 2015 at 6:53:08 PM permalink
Quote: AxelWolf

Quote: tringlomane

Quote: 100xOdds

wow.. at 1.5% cashback (to get +1% EV), you still need a $2000 bankroll for a 90% chance of not going broke at .25 denom?

at .5% cashback (to get to 0% EV), you need $16k bankroll for a 50% chance of not going broke?!?!



Remember these are infinite calculations and that a royal flush represents about 2% of the return. Run bad on the royals and you still lose. 2.5 years and counting for me.

2.5 years? How Many hands/ cycles? It took me a long time to hit my first about royal 6 cycles. To be fair I played something that had a long RF cycle. approximately 50k hand cycle.

I cant be certain exactly how many hands I played. I didn't count before I quit my job. I played a fair amount on .5 nickel progressive at the Westward Ho when it got up. And various different types of VP, like double down stud.



Tring is just being cursed by the AP gods for his updates to vpfree2 ;)
100% risk of ruin
Avincow
Avincow
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April 14th, 2015 at 9:12:29 PM permalink
Quote: tringlomane

Quote: 100xOdds

wow.. at 1.5% cashback (to get +1% EV), you still need a $2000 bankroll for a 90% chance of not going broke at .25 denom?

at .5% cashback (to get to 0% EV), you need $16k bankroll for a 50% chance of not going broke?!?!



Remember these are infinite calculations and that a royal flush represents about 2% of the return. Run bad on the royals and you still lose. 2.5 years and counting for me.



You're making me nervous. Are you in this for fun, or for money? How many hands/hours have you played? With mailers and cash back are you positive? If you're in the red, how many units are you down if you don't mind me asking.
tringlomane
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April 14th, 2015 at 9:14:08 PM permalink
Quote: AxelWolf

2.5 years? How Many hands/ cycles? It took me a long time to hit my first about royal 6 cycles. To be fair I played something that had a long RF cycle. approximately 50k hand cycle.

I cant be certain exactly how many hands I played. I didn't count before I quit my job. I played a fair amount on .5 nickel progressive at the Westward Ho when it got up. And various different types of VP, like double down stud.



Oh I'm mostly just whining with that comment. I feel like I play a lot at times, but a lot of it is single line, and it's probably less than 3 cycles. I have 230 quads documented before my last royal, but I also didn't always take quad pics since my last royal.

Quote: RogerKint


Tring is just being cursed by the AP gods for his updates to vpfree2 ;)



Possibly, but general laziness has made me not report there in awhile. I have a lot of meh machine data to share too. Some other person added the dollar 8/5 SDDB (99.69%) bartops at Circus Circus for me a few days after I wrote my last Vegas TR and left a comment hinting he/she got that info from reading my TR.

And give me a little credit, I intentionally didn't report the single 10/6 DDB bartop my g/f found at Gustav's Bar at Paris last year. The "glitch" got "fixed" by the time I could get back there though, but one person on VMB PMed me about the machine's info two months later and he said it was still there. If I would have reported it to VPFree2 though, that glitch wouldn't have lasted a week...lol
AxelWolf
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April 14th, 2015 at 9:38:53 PM permalink
Quote: tringlomane

Oh I'm mostly just whining with that comment. I feel like I play a lot at times, but a lot of it is single line, and it's probably less than 3 cycles. I have 230 quads documented before my last royal, but I also didn't always take quad pics since my last royal.



Possibly, but general laziness has made me not report there in awhile. I have a lot of meh machine data to share too. Some other person added the dollar 8/5 SDDB (99.69%) bartops at Circus Circus for me a few days after I wrote my last Vegas TR and left a comment hinting he/she got that info from reading my TR.

And give me a little credit, I intentionally didn't report the single 10/6 DDB bartop my g/f found at Gustav's Bar at Paris last year. The "glitch" got "fixed" by the time I could get back there though, but one person on VMB PMed me about the machine's info two months later and he said it was still there. If I would have reported it to VPFree2 though, that glitch wouldn't have lasted a week...lol

There's always some hot girls at that bar (not working ones) By chance I always end up there while meting up with forum members.

Good theo and +ev = good play. Telling Vpfree = tar and feathers.
♪♪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♪♪
Walker2050
Walker2050
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April 15th, 2015 at 7:11:25 AM permalink
Quote: tringlomane


Possibly, but general laziness has made me not report there in awhile.



urgently needed to fight laziness ;)
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