It’s VP in Nevada time!

The lighter side... playing for entertainment, less concerned about "the math."
stevel96a1
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Re: It’s VP in Nevada time!

Post by stevel96a1 »

Now im sounding more like gronbog!!!

onemoretry
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Post by onemoretry »

stevel96a1 wrote:
Thu Aug 23, 2018 2:23 am
Theres light in the end of the tunnel in a positive game. In a negative you will lose 6$ an hour guaranteed
In video poker, some results are more probable than others, but nothing is absolutely guaranteed.

Tedlark
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Post by Tedlark »

Nice tip in OMT.

OTABILL
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Post by OTABILL »

onemoretry wrote:
Thu Aug 23, 2018 5:31 am
stevel96a1 wrote:
Thu Aug 23, 2018 2:23 am
Theres light in the end of the tunnel in a positive game. In a negative you will lose 6$ an hour guaranteed
In video poker, some results are more probable than others, but nothing is absolutely guaranteed.
How true!

stevel96a1
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Post by stevel96a1 »

Play 1mil in a 99 game and tell me if you lose or win we all know the answer

billryan
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Post by billryan »

stevel96a1 wrote:
Thu Aug 23, 2018 10:43 am
Play 1mil in a 99 game and tell me if you lose or win we all know the answer
Really?
If I play a million this week and you play a million over a year, will the results be the same?

BobDancer
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Post by BobDancer »

billryan wrote:
Thu Aug 23, 2018 11:26 am

If I play a million this week and you play a million over a year, will the results be the same?
Not likely.

If you're playing the same game, same slot club, same promotions (HUGE ASSUMPTIONS: promotions rarely last for a year and casinos vary widely in their player incentives) --- your Expected Value will be the same. Think of that as the average of all possible results.

But each of your results is very likely to be higher or lower than the average. So they are unlikely to be the same.

(You all know this. Talking about playing $1 million puts it out of range for most of you, but think of it as playing the same amount on the same game two weeks in a row. Or playing $1,000 coin-in before lunch and $1,000 coin-in after lunch). Whatever your net plus-or-minus was on the first trial it's highly unlikely that it will be the same number the second trial --- assuming you picked the same number (not zero) of hands to play before you started.)

Each of the results have a probability associated with them --- so the results are fairly predictable within a range. This is a far different statement than FP's belief that if it is not guaranteed it is TOTALLY unpredictable. That is not the case at all.

Video poker is FAR MORE predictable that the stock market or investing in most other things. If, however, you refuse to only play when you have the advantage the most likely result is you will lose. If I were a banker I would NOT loan FP money to play video poker (unless it were secured by something far more valuable than the amount I was lending him.) But I WOULD lend money to an intelligent gambler who has documents and tax returns showing he runs a profitable enterprise year after year. So yes I would loan to someone like myself. But it's unlikely that I'll ever need a loan because video poker itself is highly profitable if you do it right.)

If you are healthy today, it is not likely you'll end up with cancer tomorrow. It is possible, of course, but not likely. I'm not an expert in this but I believe there is far less than a 1% of you getting cancer tomorrow if you're healthy today. In video poker, there's a 68% probability that you'll end up within one standard deviation of your expected result. There's a 95% probability that you'll end up within two standard deviations.

The premise of playing $1 million through a 99% game (which is what I think you meant by 99 --- and probably included assumptions of no slot club or other promotions), your average loss is $10,000. That's the best prediction there is BEFORE you gamble. Your actual loss will be different than that. How big one standard deviation is depends on the variance of the game.

If you want to know more about this, you should consult a probability textbook rather than listen to someone who keeps repeating that everything not guaranteed is totally unpredictable.

stevel96a1
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Post by stevel96a1 »

yes you will end up within 5 standard devations if you play the same game and same skill as me.

load up your wolf video poker or winpoker or any creditable VP software that can run simulations
and you will see your fate within 3mins compressed in a year or two.

you will be damn lucky if your down -1kcredits on a 99% game at the end of the 1million hand. and the swings will be in the 10ks maybe 20ks credits.

1 more million turns will be your nail in the coffin on a 99.54% type of game

Jstark
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Post by Jstark »

I've got just over 22,000 hands dealt of optimal 9/6 JoB with real cards and am down nearly $1000 based on a $1.25 bet. No royals and only one straight flush (which was dealt, not drawn).

Eduardo
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Post by Eduardo »

On average, you should hit it sometime within the next 40,000 hands. I can almost guarantee you will hit it sometime in the next 840,000 hands. But not quite. Good luck!

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