The subject of loss rebates is interesting to me since some casinos are now basing bounceback levels at least partially on actual losses, thus giving us a rebate of our losses.
It's obvious that high variance games are valuable to play in these casinos, but how do we decide when to quit playing during the determination period? When we're way ahead because further play won't get us any additional bounceback? When we're way behind because we've earned a nice rebate and additional play might lessen it? How far ahead and how far behind?
--- In vpFREE@yahoogroups.com, Tom Robertson <007@...> wrote:
> Usually, if not
> always, there's a time frame or a limit to the rebate. I wouldn't
> want to try to answer bmather's question due to how much the answer
> would vary depending on the parameters, but the general formula would
> be the chance of losing times the average loss if there's a loss times
> the % rebate. The higher the fluctuation of the game, the more
> valuable it is and, in percentage terms, the shorter the term, the
> more valuable it is. If there's a 10% loss rebate after each hand,
> just about any game that pays back 95% or more would be an advantage.
> If a million hands have to be played, it might approach your figure of
> 10% of the disadvantage.
