Another way to put it: A lot of players will use MaxEV strategy on progressives, but that's actually the wrong strategy to use if your goal is to extract the largest value from the progressive jackpot. In that sense the casino makes money when players use MaxEV strategy on progressives. Even worse some players are overly aggressive and use something closer to the royal only strategy which maximizes their chance of hitting the royal but decreases everyones value in the play, that's another way casinos can make even more money on progressives. Again, anytime you force players to compete with each other, that's almost always a win for the casino. And usually the players consider it a win as well (a win-win situation) because they love to compete against each other. Players don't mind losing as much if they see it's possible to win and someone like them indeed does win. For example: state lotteries, very popular with players and very profitable for states.
--- In vpFREE@yahoogroups.com, "nightoftheiguana2000" <nightoftheiguana2000@...> wrote:
>
> It's a clash of strategies. MaxEV strategy maximizes the average return of each hand on a hand by hand basis, but Min_Cost_Royal strategy minimizes the average cost of hitting a royal so it extracts the greatest value from each royal progressive jackpot. Steve Jacobs tried to explain this at one time:
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> http://members.cox.net/vpfree/FAQ_S.htm
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>
> --- In vpFREE@yahoogroups.com, "Frank" <frank@> wrote:
> >
> > Well you hit the nail on the head. It is so hard to grasp it is not in fact grasped by casino personnel.
> >
> > ~FK
> >
> > --- In vpFREE@yahoogroups.com, "bobbartop" <bobbartop@> wrote:It's an interesting situation, because breaking the high pair to draw to a RF3 is better for the player AND the casino at the same time. Kinda difficult concept to grasp.
> >
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