aprvp wrote: "Sorry. Please explain the difference(s) between "theo" and EV. Thanks."
EV is the computer perfect average return.
But real people don't play computer perfect in the casino environment, even Bob Dancer has admitted to making play mistakes.
Theo is the theoretical hold of a machine including the effect of play mistakes, so real theo is always greater than the computer perfect hold. Originally the game manufacturers told the casinos what the theos where, but today sometimes the casinos pull numbers out of thin air, so sometimes "casino theo" is less than the computer perfect hold, even though that's mathematically impossible.
9-6 Jacks computer perfect hold is 0.456% while its theo is probably something like a 2% hold, maybe 1% if players are using smartphones and playing slow.
Harrahs, Caesars, whatever, uses ADT (average daily theoretical) and time on the machine to determine marketing offers, not coin in. Loveman may have even written a paper on the concept for all I know.
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Posted by: nightoftheiguana2000@yahoo.com
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