[vpFREE] Re: Progressive strategy change and variance

 

pede1976 writes: "Let me also see if I'm right about when MCR strategy should be used.  Assuming a sufficient bankroll, we'd usually desire to just play standard max-EV strategy, but MCR (or best-shot-royal) would be a better choice in the situation where we are playing a progressive for a finite amount of time."

MaxEV strategy should only be used if you have a monster bankroll for the gamble (many Kelly bankrolls) and a lot of time for the gamble (can play many N0 cycles). Min-cost-royal strategy should be used whenever you're concerned about the cost of hitting the next royal. This of course applies to progressive royals which reset when hit, but also to video poker in general because royal droughts are the biggest problem with video poker, it's the royal droughts that bankrupt people. Minimizing the cost of the royal drought just makes plain common sense.

pede1976 writes: "Your first post with the 9/6 MCR strategy is slightly different from the FAQ, though you both have the 976 number.  Is yours more accurate or just a simpler version to remember (e.g. you put ATs above all 1H, but the FAQ strategy has ATs only above A)? "

I used the wizard's strategy generator with the royal set at 976:

http://wizardofodds.com/games/video-poker/strategy/calculator/

pede1976 writes: "I don't really understand what the 2.1% has to do with changing the strategy.  Can you explain this in more detail?"

Rakeback reduces the cost of hitting the royal, i.e. it is no longer 976, in the case of 2.1% rakeback the cost is 0, if you use the right strategy. You get min-cost-royal strategy by putting the cost of the royal in the strategy generator instead of what it actually pays. Rakeback is any return you get for playing, could be cashback, freeplay, drawings, mailers, show tickets you monetize, rooms you airbnb, whatever.

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Posted by: nightoftheiguana2000@yahoo.com
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