Changing Machines?

[Frank Kneeland]

Frank,
Share a little more on how the pros -like you and your partners operate.
Sure I'd be happy to answer your questions. That will take a long and well thought out reply. Expect it later today. On my way to a play right now.Most of what you asked is in my book. Have you read it?~FK

[Frank Kneeland]

 If you are playing a 101% payback machine and i am playing a 96.5% and are skill level is equal and we start with the same amount of money by pct you should make more money than I do. Well if i am on a hot machine i will kick your behind. Now in the long run playing everyday more than likely you will win more money pct wise. Jm if what I state happens what else can explain the end result, I was on a hot or great machine i have seen this many times in 35 years of gaming. Look at the world series of poker how many times in the last 10 years has a NON PRO won. Was it skill or luck or hot cards. A full reply to this post to come later today. Rushing to play right now.~FK

[ravenbynight111]

 That is more important than my bs, win some money good luck

[Lucky Larry]

[QUOTE=Lucky Larry]Frank,
Share a little more on how the pros -like you and your partners operate.
Sure I'd be happy to answer your questions. That will take a long and well thought out reply. Expect it later today. On my way to a play right now.Most of what you asked is in my book. Have you read it?~FK[/QUOTE]

Too busy gambling....

[Frank Kneeland]

Frank,
Share a little more on how the pros -like you and your partners operate.
1) How you establish a partnership?
2) What qualifications does it take to join? Yrs of experience? Efficiency of play? Personality? Ethical and moral expectations? Size of buy in kitty?
3) What criteria is used to determine where to play, which machines, which games are preferred?
4) What does a normal assignment/ rotation look like?
5) How is money handled? Wins/losses?
1. Generally I offer my services and scouting info as a leg in the door. If for instance you found a high progressive and called in a team it's very easy to make the information  contingent on a partnership on that play. If it goes well you're in.2. Near flawless play of all major strategies and the ability to make your own. You must be a full time pro with a hourly hand speed of at least 1000 HPR & about a $50,000 BR. 3. Generally we like progressives and other plays to be at least 2% edges, but will take slightly less if it's low risk.4. There is no normal. People contribute whatever time they can and the pot gets divided based on effort and participation.5. Standard pro square-up. Each member has a particular percentage of all wins/losses. JP hitters typically get 5-10% off the top for taxes.  [QUOTE]Always curious as to how organizations operate.   Is there a senior or
team leader who makes calls or is it by consensus? Legal documents
which provide structure?
Thanks,
[/QUOTE]We are a team of ex-managers and team leaders one & all, so most decisions are joint. It's really funny though, we always all agree on everything to the point where if one thinks something is good, everyone else usually does as well. Isn't math grand!No formal agreements are necessary. It's a handshake biz. If you needed a contract to insure honesty, then you shouldn't be partnering.~FK

[FloridaPhil]

Fascinating...  I always wondered how this worked.  Thanks for the inside look.

[Frank Kneeland]

If you are playing a 101% payback machine and i am playing a 96.5% and are skill level is equal and we start with the same amount of money by pct you should make more money than I do. Well if i am on a hot machine i will kick your behind. Now in the long run playing everyday more than likely you will win more money pct wise. Jm if what I state happens what else can explain the end result, I was on a hot or great machine i have seen this many times in 35 years of gaming. Look at the world series of poker how many times in the last 10 years has a NON PRO won. Was it skill or luck or hot cards. The last thing I would want you do is make you feel bad about your beliefs. It might interest you to know that my mother, who spoke six languages and had an IQ of 168, had similar beliefs, so you are in good company. If I'm going to offer my viewpoint I will need to challenge some of your conclusions. The reply is requiring quite a lot of research, so to justify that I'm turning it into a double article I'll publish in the future.In its finished form it will much to large for a VP.com post.How about you email me at frank@progressivevp.com so I'll have your email and I'll send it to you when I'm done.~FK

[Frank Kneeland]

Fascinating...  I always wondered how this worked.  Thanks for the inside look. Don't mention it. We're not doing anything illegal or even untoward. I can't see any reason why this sort of thing should be a secret. In fact I'd like players and casinos alike to know that these "teams" they are so worried about these days are comprised of mostly ordinary guys with outstanding ethics you'd be very happy to see marry your sister.The VP pros I associate with are literally the most honest and generous people I have ever met in my entire life in any profession.~FK

[shadowman]

[QUOTE=ravenbynight111] If you are playing a 101% payback machine and i am playing a 96.5% and are skill level is equal and we start with the same amount of money by pct you should make more money than I do. Well if i am on a hot machine i will kick your behind. Now in the long run playing everyday more than likely you will win more money pct wise. Jm if what I state happens what else can explain the end result, I was on a hot or great machine i have seen this many times in 35 years of gaming. Look at the world series of poker how many times in the last 10 years has a NON PRO won. Was it skill or luck or hot cards. The last thing I would want you do is make you feel bad about your beliefs. It might interest you to know that my mother, who spoke six languages and had an IQ of 168, had similar beliefs, so you are in good company. If I'm going to offer my viewpoint I will need to challenge some of your conclusions. The reply is requiring quite a lot of research, so to justify that I'm turning it into a double article I'll publish in the future.In its finished form it will much to large for a VP.com post.How about you email me at frank@progressivevp.com so I'll have your email and I'll send it to you when I'm done.~FK[/QUOTE]
 Frank, I'm not sure what you will be spending a lot of time writing. The simple answer is most people simply do not understand randomness. And, most of them aren't interested in understanding. As a result you get beliefs in luck, hot and cold machines, and other "interpretations" of the events people see, even though it is all explained by the reality of random events.

[Frank Kneeland]

[QUOTE]
Frank, I'm not sure what you will be spending a lot of time writing. The simple answer is most people simply do not understand randomness. And, most of them aren't interested in understanding. As a result you get beliefs in luck, hot and cold machines, and other "interpretations" of the events people see, even though it is all explained by the reality of random events. [/QUOTE]Well I think when it comes to this topic there is no "simple" answer. I'm going for the ridiculously overcomplicated and wordy answer.  Terese isn't my style.We know they don't understand randomness, but why don't they???...??? For those that do understand it, it seems simple, almost second nature. For those that don't understand it, understanding appears completely beyond their reach. What is easy for one, should not be impossible for others. There's a lot going on here. More than any simple answer could ever explain.~FK