RE: [vpFREE] big word used on 12/12 GWAE radio show

 

Interesting. Whoever puts up the money should use CE. I can see why the players would prefer EV, but if that's the agreement then the players have a bit of advantage over the backers. Also if the agreement is for EV, then the players should play more aggressively (increase variance), which would also favor the players against the backers. Basically, there is a risk penalty for using EV over CE, if the agreement is for EV, the backers take that risk penalty, if the agreement if for CE, then the players take the risk penalty.

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[vpFREE] Stratosphere Update

 

I saw multiple $1 8/6 Bonus Poker Deluxe and 9/5 JoB scattered around casino. I didn't check other denominations.

I didn't see 25c/50c machines listed in database but didn't search super hard.

I don't think $4 per point machines listed still exist in High Limits but didn't play to verify.

Sent from my iPhone

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RE: [vpFREE] big word used on 12/12 GWAE radio show

 

noti wrote: 
And that big word was "Certainty Equivalence". It's so big, you should google it. But the jist is that if your bankroll is unlimited, then CE = EV, but really, who has an unlimited bankroll? With an unlimited bankroll, the CE of say FPDW with perfect play is about 0.76% (of a betting unit). At 10x the Kelly bankroll, the CE is about 19/20ths of the EV or 0.72%. At double the Kelly bankroll, the CE is about 3/4ths or 0.57%. At the Kelly bankroll, the CE is about 1/2 or 0.38%. At half a Kelly bankroll, the CE is 0, and for a smaller bankroll the CE goes negative. Just something to consider.

CE is approximately EV - Variance/2xBankroll betting units
Kelly bankroll is approximately Variance/EV betting units




Yes. That show was the interview of John Chang, former manager of the MIT Blackjack Team and Tommy Hyland, manager of a large blackjack team for decades. It was John who used the term. When his wife, Laurie C, was interviewed perhaps a year ago, she used the term a lot --- somewhat disparagingly.

I assume NOTI's definition is correct. I also assume that that John Chang has the ability to do the calculation. When Chang used the term, the expression on Tommy's face said that they didn't use that calculation on their team.

Bob

 

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[vpFREE] Casino Data Breach

 
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Re: [vpFREE] Jackpot Pictures - 20 DEC 2013

 

The first pictures I wanted to post were of 2 royals that I hit a
year, to the day, apart that were on the same draw in the same
sequence as each other, but those were only on 1 card draws. I
recently hit a pair of royals on 2 card draws, 9 days apart, with them
being successive royals for me, which were also on the same draw in
the same sequence as each other. I posted pictures of all 4:

http://groups.yahoo.com/neo/groups/vpFREE/photos/albums/1670069929/lightbox/1309454504?orderBy=ordinal&sortOrder=asc

I posted one picture twice and am having trouble deleting one of them.

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