Question about EV

[jm002546]

[QUOTE=shadowman]I've been gone for awhile and got back in town late last night. I won't add much about Fa La La La La.... La la la la. It's really very simple. Fa La La La La.... La la la la claims the math does not work. Enough said. 
 
As far as the topic of this thread, let me say that there is no system that changes the fundementals of VP. It is really very simple. Every hand is independent and your results over time will be the SUM of your individual hands. In order to determine the ER of each hand you need to factor in ALL possible compensations. This includes cashback, bounceback cash, freeplay, etc., etc. All of these can be turned into a percentage of the amount bet. For example, cashback is usually given as a percentage, like .3%.
 
Money earned for a future visit is a little more difficult, but far from impossible. If it takes $10K coin-in to generate $100 then the value is 1%. This is normally referred to as bounceback cash. Once everything is known simply add them together and apply to each and every hand.
 
Here's one example. DDB at 99.98%, 1% bounceback cash, .3% cashback would yield an expected return of 100.28% of the amount wagered on each hand. (assuming no errors in play).************Are you sure the MATH is working in that example?

[scorpio2]

does anyone have any strategy for progressives? my wife and i have won say $1100-1400 .25 cent ones many times,usually in different casinos,but it takes a long time to win again,after a win,don't know if it's just luck.play for hours,same way ,and it seems like you don't win again,until your last win is put back in.

[oej719]

Scorpio2 try the romp thru town. It is painless and sure to fail.

[scorpio2]

yeah i guess the math people the casinos hire,have the advantage,not the players,with their programming and all.however in a casino once they told me the vp machines were rented by the casinos and set up at the factory.can't wait to see the feedback from players this nyears weekend ,to see if regulations are changing the paybacks,etc..

[scorpio2]

and why is it,no one discusses progressives.at banks of vp jokers wild machines you canhardly get a seat,but experts don't want to advise you on them,are the rngs different,or what?

[cddenver]

can't wait to see the feedback from players this nyears weekend ,to see if regulations are changing the paybacks,etc..
 
The gaming regulations for all states that allow gaming are online.  Check the home page for your state gov't, or the page for the specific state agency in charge of gaming, and you'll find the regulations - including legal minimum and maximum long term returns, and the specific randomness tests that the machines have to pass.   States don't hide the regulations, it's all public information. 
 
Changing government regulations of any kind is a big deal, and isn't done very often.  Lots of legal proceedings involving different parties - in the case of gaming you'd see state agency people, game manufacturers, casino reps, consumer watchdog groups, and sometimes even private individuals.  My point being that you don't have to worry about constant changes to keep up with.  The last changes here in CO were early in 2007, and didn't change any of the min/max return numbers.
 
For the states I've checked the regs are broken down into different sections;  look for a section on gaming devices and equipment.

[shadowman]

and why is it,no one discusses progressives.at banks of vp jokers wild machines you canhardly get a seat,but experts don't want to advise you on them,are the rngs different,or what?
 
The RNGs are the same. However, the strategy adjustments get more complicated. As a result progressives are rarely discussed in books/magazines because of that additional complexity. However, if you search through this site you will see we have discussed progressives in the past.