July 3rd, 2021 at 12:45:28 AM
permalink

Hello everyone,

Suppose one is playing a slot machine with 101% RTP.

Bet is $10 and for every $10 played you get 1 slot club point. When you've accumulated 2000 points you have the possibility to buy a $100+$100 in promo credits (you give $100 and get a ticket for $200 in promo credits back).

How does one factor this in mathematically to the overall EV?

Is it the equivalent of a $100 cashback ($101 to be correct as RTP is 101%)? So basically a 0.5% cashback? (100/(2000*1)=0.005)?

Or is it to be considered as a matchplay?

Thank you

Suppose one is playing a slot machine with 101% RTP.

Bet is $10 and for every $10 played you get 1 slot club point. When you've accumulated 2000 points you have the possibility to buy a $100+$100 in promo credits (you give $100 and get a ticket for $200 in promo credits back).

How does one factor this in mathematically to the overall EV?

Is it the equivalent of a $100 cashback ($101 to be correct as RTP is 101%)? So basically a 0.5% cashback? (100/(2000*1)=0.005)?

Or is it to be considered as a matchplay?

Thank you

July 3rd, 2021 at 1:34:12 AM
permalink

Earning 2000 points is the result of $20,000 in bets. So, including the promo, you’re getting $20,200 in action for a cost of $20,100.

$20,200 / $20,100 = 100.4975124%

If your base game has a 101% return, then your overall return is as follows:

101% * 100.4975124% = 101.5024876%

This assumes that points are not awarded during play of $200 promo credits. If, however, points are earned, then this will be slightly higher.

$20,200 / $20,100 = 100.4975124%

If your base game has a 101% return, then your overall return is as follows:

101% * 100.4975124% = 101.5024876%

This assumes that points are not awarded during play of $200 promo credits. If, however, points are earned, then this will be slightly higher.

Expectation is the root of all heartache.

July 3rd, 2021 at 2:45:55 AM
permalink

Thank you very much, that makes sense now!

How do multiplier days affect this?

If one plays on x2 multiplier days one needs $10,000 to make 2000 points for the $100+$100.

So you're getting $10,200 in action for the cost of $10,100, right?

$10,200 / $10,100 = 100.990099%

Total RTP = 101% * 100.990099% = 102% correct?

For 4x multiplier one needs $5,000 in action for the $100+100 so:

$5,200 / $5,100 = 101.960784%

Total RTP = 101% * 101.960784% = 102.980392%

Am I doing this right? Thanks

How do multiplier days affect this?

If one plays on x2 multiplier days one needs $10,000 to make 2000 points for the $100+$100.

So you're getting $10,200 in action for the cost of $10,100, right?

$10,200 / $10,100 = 100.990099%

Total RTP = 101% * 100.990099% = 102% correct?

For 4x multiplier one needs $5,000 in action for the $100+100 so:

$5,200 / $5,100 = 101.960784%

Total RTP = 101% * 101.960784% = 102.980392%

Am I doing this right? Thanks

July 8th, 2021 at 4:11:42 AM
permalink

Most likely, you will still need the same $20K in coin-in for this promo on multiplier days… That is, if they even offer it on those days! At least, that’s how the casinos near me handle such situations.

If, however, you can use multiplied points to cover the $100+$100, then yes, your EV increases with the multiplier.

If, however, you can use multiplied points to cover the $100+$100, then yes, your EV increases with the multiplier.

Expectation is the root of all heartache.

- Jump to:
DEFUNCT CASINOS Bill's Gambling Hall & Saloon MonteLago O'Sheas Sahara Western FORUM INFO Announcements Help Rules GAMBLING Betting Systems Big Wins Blackjack Craps Dice Setting Gambling with an Edge Online Gambling Other Games Poker Slots Sports Betting Table Games Trip Reports Video Poker GAMBLING OUTSIDE VEGAS Asia Atlantic City California Eastern U.S. Europe/Africa Mississippi Nevada (other) Oceania The Americas Western U.S. GAMING BUSINESS Boyd Gaming Caesars Entertainment Game Inventors Corner MGM/Mirage Other Sands Station Casinos Wynn LAS VEGAS ATTRACTIONS Deals Food and Restaurants Night Clubs Other Attractions/Entertainment Relaxation and Rejuvenation Shopping Shows Strip Clubs Thrill Seeking LAS VEGAS CASINOS Aliante Casino Aria Arizona Charlie's Casinos Bally's Barcelona Bellagio Binion's Boyd Gaming Casinos Caesars Palace Cannery Casinos Casino Royale Casuarina Circus Circus Cosmopolitan D Las Vegas El Cortez Ellis Island Excalibur Flamingo Four Queens Golden Gate Golden Nugget Hard Rock Hilton Hooters Jean/Primm Casinos Longhorn Casino Luxor M Mandalay Bay MGM Grand Mirage Monte Carlo New York, New York Palms Paris Planet Hollywood Plaza Poker Palace Quad, The Rampart Rio Riviera Silver Nugget Silver Sevens Silverton Skyline Small Casinos South Point Station Casinos Stratosphere Treasure Island Tropicana Tuscany Vegas Club Venetian and Palazzo Wynn and Encore OFF-TOPIC Adult Discussions Free Speech Zone General Discussion GLBT Corner Gripes Kiosk Off-Topic Other Casinos Religion QUESTIONS AND ANSWERS Advice All Other Casual Corner Gambling Las Vegas (other than gambling) Math