Personal Payout Ratio

First let me say I am not a math expert by any means, so I have a question I hoped someone could answer. I have searched many sites online and looked at a lot of calculators and I couldn't find one to calculate my payout ratio for a night on a video poker machine. I know manually it would be something like if I put in $1,000 and won back $995 I would do $995/$1,000 = 99.5% ratio right? But in my case I am looking to calculate it another way so I do not have to keep track of every dollar I put in. Let's say that using my slot card I get 1 point for every $10 put in the machines. Knowing that lets say I go to the VP machine with $1500 and leave with $0 after a few hours of play, but in that time I earned 1450 points. Can I use these inputs somehow to calculate my payout ratio? I am unsure on the math involved, but my first guess was 1450/1500 = 96.67%. I have no idea if that is remotely close to the correct math to calculate it, was just a guess on my part. Is it right? If not how can I calculate my payout percent with the numbers given?

Thanks for your help!

Al

No math expert either, but I do recall from highschool to use identical units when makign calculations.

So what is the dollar value of your points? if it is 1 point = $1, then your calcualtion is correct. if 1 point = $0.10 then your payout ratio would vary.

If you earned 1 point for every $10, earning 1450 points means you bet $14500. You lost $1500, which means you 'won' $13000 over the time you played. So you payback ratio is 13000/14500 = 89.7%

You could use this formula:

(points*10 - starting bankroll + ending bankroll) / points*10

You must be playing some high stakes machines to bet $14,500 in just a few hours of play. If you say 4 straight hours that comes out to betting something like $60 or so per minute.

Quote: dwheatley

If you earned 1 point for every $10, earning 1450 points means you bet $14500. You lost $1500, which means you 'won' $13000 over the time you played. So you payback ratio is 13000/14500 = 89.7%

You could use this formula:

(points*10 - starting bankroll + ending bankroll) / points*10

Perfect! Thats exactly what I was looking for~! Thanks.

I earned 500 points (at $10 per point) playing a couple of hours of 9/6 $5/credit JoB, so it is possible to go that fast given a high enough denomination.

Quote: ruascott

You must be playing some high stakes machines to bet $14,500 in just a few hours of play. If you say 4 straight hours that comes out to betting something like $60 or so per minute.

$2 per credit x 5 credits so $10 a hand... if that is considered "high stakes" I guess so. I probibly play more then $60 a minute, my normal hand is definitally less then 10 seconds.