NOTI, I generally strongly defer to you. However, here I'm going to firmly object.
3 terms of college calculus, along with a couple of advanced courses, have me firmly versed in the essentials of min/max analysis (though by no means an expert).
And I firmly grasp the prinicples of MCR strategy calculation, and can relate the concept to evaluation of a derivative.
It's a given that the addition of a constant to an equation has no impact on the determination of the related derivative, or on its evaluation. I see nothing re MCR strategy determination that would indicate that a constant plays any role there as well.
I'm always open to further education. But the idea that addition of a constant game kickback would impact the determination of MCR strategy goes against every gut feeling I have. Most importantly, it simply offends my common sense -- how the hell could a fixed kickback alter the MCR math.
At heart, a fixed kick back isn't additional return -- it's a net reduction to your wager. And if you run MCR for a game, assume a smaller wager (or no wager whatsoever), I'm very firm that it has no impact on the MCR math.
However, occasionally I'm simply blind. If so, please enlighten, in the manner that you do so well.
---In vpFREE@yahoogroups.com, <nightoftheiguana2000@...> wrote :
3 terms of college calculus, along with a couple of advanced courses, have me firmly versed in the essentials of min/max analysis (though by no means an expert).
And I firmly grasp the prinicples of MCR strategy calculation, and can relate the concept to evaluation of a derivative.
It's a given that the addition of a constant to an equation has no impact on the determination of the related derivative, or on its evaluation. I see nothing re MCR strategy determination that would indicate that a constant plays any role there as well.
I'm always open to further education. But the idea that addition of a constant game kickback would impact the determination of MCR strategy goes against every gut feeling I have. Most importantly, it simply offends my common sense -- how the hell could a fixed kickback alter the MCR math.
At heart, a fixed kick back isn't additional return -- it's a net reduction to your wager. And if you run MCR for a game, assume a smaller wager (or no wager whatsoever), I'm very firm that it has no impact on the MCR math.
However, occasionally I'm simply blind. If so, please enlighten, in the manner that you do so well.
---In vpFREE@yahoogroups.com, <nightoftheiguana2000@...> wrote :
Another way to look at it: MCR strategy is found by finding the value of the royal that gives a net return of 100%. If you add a constant kickback, that changes the net return of the game, and hence changes the value of the royal needed to get a net return of 100%, and hence changes MCR strategy.
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Posted by: harry.porter@verizon.net
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