[vpFREE] S.C.O.R.E for video poker

 

In the last Gambling with an Edge radio show, the S.C.O.R.E. value was mentioned for blackjack. This is supposed to be the hourly win rate assuming a Kelly betsize for a $10,000 bankroll. For video poker this would be:


$10,000 x (Kelly ratio, approx. ev/variance) x hands/hour x ev


this comes out to:


$10,000 x ev^2/variance x hands/hour


For FPDW at 1000 hands/hour:


SCORE=$10,000 x .0076 x .0076 / 25.84 x 1000 = $22.35 per hour


If I use the exact Kelly ratio:


SCORE=$10,000 x (1/2925) x 1000 x .0076 = $25.98 per hour


This could be a way to compare table games to video poker.


It's clearly related to the Sharpe Ratio (ev/sd) which is a standard way to rate investments.









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[vpFREE] Retirement & its impact

 

I've been retired for several years now so I thought I'd share a few observations:

Health care: should be number one for most people. It ought to play a large role in where you live after retirement especially if you have good health care where you are compared to where you want to retire to. Remember to apply for Medicare 3 months before your 65th birthday.

Social Security: most of us hope to have more than SS to look forward to, some will have only SS, & some will be close with a few quarters to go. This is addressed to those with a few quarters to go. If you can honestly justify filing as a pro, this might be a good enough reason to do it to qualify for SS which is also the qualification for Medicare. If you already qualify for SS & don't need the money, consider waiting till 70, because benefits increase 8% a year after your 100% year. If you're married study "file & suspend" & spousal pay options.

Income other than SS: like pensions, investments hopefully you have. But many of us have to continue working. If you have a pension, generally the "buyout" annuity is a bad idea. If you have investments, don't put all your eggs in one basket but also don't have too many baskets. What can substitute for other income in casino towns like LV & Reno are the many ways in which casino points can be used for every day needs ranging from food to pharmacy to car repairs to gift cards for just about every vendor & this is all non-conventional income. Of course there's always the job.

Gotta go to dinner. Time for others to share their thoughts.

Sent from my iPad

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RE: [vpFREE] Re: [harrahscasinos] Offer cutbacks?

"Suppression" is something that Harrahs/Caesars has been doing for over five years (I got "suppressed" in Atlantic City which was my dominant property.) There was nothing that my host could do. I said "if I don't get offers equivalent to what I was getting for the same play then I don't play" and did not set foot in the door for five months until miraculously one day decent offers started to appear as good as ever (if not better).

I think it is evident that all casinos are cutting and trimming offers/benefits. Reducing play or picking up offers and comps with no play only gets you labeled as a low level player which may only come back to haunt you.

If serious about being unhappy with the level of comps you are getting, then don't set foot in the door until things change.




> To: harrahscasinos@yahoogroups.com; vpFREE@yahoogroups.com
> From: vpFREE@yahoogroups.com
> Date: Sat, 14 Feb 2015 01:21:40 -0800
> Subject: [vpFREE] Re: [harrahscasinos] Offer cutbacks?
>
> Miss Craps wrote: <<I noticed my offers for March and April from Vegas went from about $700 free play a visit to $300. I thought it was my own doing, maybe I had played less in whatever month generated the offers. However yesterday I was told by someone that a bunch of people have had offers cut. Like super heavy players going from $5000 a month to $1500. And apparently some of them have decided to boycott Caesars properties. >>
>
> I am working on a blog series about casino VP cuts, but I was just getting ready to write some more specific things here on these forums about recent Caesars cuts when Miss Craps brought up this subject. I'm not usually into casino boycotts – I think they are rarely effective - but recent developments at Caesars are making me look at the possible value of them in this case. Every heavy player I know or know of – slot or VP - has had free play cut drastically and I have heard that hosts are as upset over this as are the players. They too don't understand how Caesars can alienate their very top players. And I have heard that some are actually suggesting to these players that they completely stop playing at CZR properties for a few months and hopefully top management will see their mistake.
>
> We have played at CZR properties off and on for many years, and played especially heavy the last couple of years. At first, I thought that perhaps a good tactic might be to just cut our play time with the same ratio as the free play cut – but the consensus is that this would not have the same punch as a complete boycott. So that is the way we are going to handle it for the next 2-3 months – zero play at properties with drastic cuts in free play. Hopefully if many others take this stance – just maybe it will have some effect. Actually there is some precedent for this hope. Some players have heard from CZR executives that for some time they have been using a marketing tactic called "suppression." It isn't clear just how they choose the players for this and just how this works but it seems to entail choosing a certain segment of players and stop giving them offers to see whether they will stop playing or continue to play. If they keep playing, they know the player doesn't need big offers to remain a good customer. If they stop playing, then they might start sending them small offers and increasing them gradually until they see how much it takes to get them to come back and play. A neat - and probably successful – marketing game. But we can play the game too – now that we know the game details!!!!
>
> ------------------------------------------
> Jean $¢ott, Frugal Gambler
> http://queenofcomps.com/
> http://jscott.lvablog.com/
> UPDATED TAX BOOK
> (2015 eBook now available
> to download)
>
>
> [Non-text portions of this message have been removed]
>
>
>
> ------------------------------------
> Posted by: "Queen of Comps" <queenofcomps@cox.net>
> ------------------------------------
>
> vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm
>
>
> ------------------------------------
>
> Yahoo Groups Links
>
>
>


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Re: [vpFREE] Re: [harrahscasinos] Offer cutbacks?

 

Yes, that "USE" to be how casinos operate.

On 14 February 2015 at 08:55, Nordo123@aol.com [vpFREE] <
vpFREE@yahoogroups.com> wrote:

>
>
> In casinos with only bad games (under 100%) I play in proportion to what I
> receive. I usually give back between 1/3 and 2/3 of what I receive. For
> instance I get a $100 free play coupon from casino A whose best game is 9/6
> JOB. The coupon is really worth approx. $99.50. I will play until I have an
> expected loss of $49.75. I will give them $9950 worth of action (which
> includes my free play coupon action of $100). This way casino A sees when I
> get more I play more and when they cut my offers I play less. The casinos
> are the same way, the more action you give the more offers you get. The
> players can be that way too!
>
> Sent from my iPhone
>
>

[Non-text portions of this message have been removed]

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Posted by: Alan Oncken <ellenoralan@gmail.com>
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Re: [vpFREE] Re: [harrahscasinos] Offer cutbacks?

 

In casinos with only bad games (under 100%) I play in proportion to what I receive. I usually give back between 1/3 and 2/3 of what I receive. For instance I get a $100 free play coupon from casino A whose best game is 9/6 JOB. The coupon is really worth approx. $99.50. I will play until I have an expected loss of $49.75. I will give them $9950 worth of action (which includes my free play coupon action of $100). This way casino A sees when I get more I play more and when they cut my offers I play less. The casinos are the same way, the more action you give the more offers you get. The players can be that way too!

Sent from my iPhone

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Re: [vpFREE] Re: Hard Rock Hollywood Florida

 

Joel: it looks like, at least in your case, they actually listened. Maybe the changes will actually come and we'll have a real casino again.

Frank

Sent from my iPad

> On Feb 13, 2015, at 10:41 PM, "joel0457 joel0457@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com> wrote:
>
> Frank,
> I told them they were the only casino reducing the levels of the player club. That they don't reward players based on play and that an Elite card wasn't worth the plastic it was printed on. Before I cut down my play I probably had 20X the play required for Elite and received no benefits. That they operated the property like a hotel not a casino. The key to a good casino is for you to feel good even if you loose and they nickel and dime you at every point and try to turn every area of the casino into a profit center. They said there are positive changes coming but no details or promises. I told them I hate hot seat promos, $20 -$25 for valet is outrageous. They didn't know about the hotel sweeping points and the issue with the food court not accepting points in due to the fact that the HR does not own the food court and there is a legal dispute going on. I will play a bit more now that I have X.
> Joel
>

[Non-text portions of this message have been removed]

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Posted by: Frank Badach <fdbadach@aol.com>
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Re: [vpFREE] Re: [harrahscasinos] Offer cutbacks?

 

Pretty sure this is an industry wide trend now. My (CZR Diamond) Atlantic
City offers started shrinking 2 1/2 years ago. Yes, AC has a lot more
competition now which probably helped managements reasoning for the cuts
and VP downgrades. Think AC went "way" too far with their
cuts/downgrades as 4/5 casinos there are now gone/almost gone. Vegas-be
prepared!

On 14 February 2015 at 04:21, 'Queen of Comps' queenofcomps@cox.net
[vpFREE] <vpFREE@yahoogroups.com> wrote:

>
>
> Miss Craps wrote: <<I noticed my offers for March and April from Vegas
> went from about $700 free play a visit to $300. I thought it was my own
> doing, maybe I had played less in whatever month generated the offers.
> However yesterday I was told by someone that a bunch of people have had
> offers cut. Like super heavy players going from $5000 a month to $1500. And
> apparently some of them have decided to boycott Caesars properties. >>
>
> I am working on a blog series about casino VP cuts, but I was just getting
> ready to write some more specific things here on these forums about recent
> Caesars cuts when Miss Craps brought up this subject. I'm not usually into
> casino boycotts – I think they are rarely effective - but recent
> developments at Caesars are making me look at the possible value of them in
> this case. Every heavy player I know or know of – slot or VP - has had free
> play cut drastically and I have heard that hosts are as upset over this as
> are the players. They too don't understand how Caesars can alienate their
> very top players. And I have heard that some are actually suggesting to
> these players that they completely stop playing at CZR properties for a few
> months and hopefully top management will see their mistake.
>
> We have played at CZR properties off and on for many years, and played
> especially heavy the last couple of years. At first, I thought that perhaps
> a good tactic might be to just cut our play time with the same ratio as the
> free play cut – but the consensus is that this would not have the same
> punch as a complete boycott. So that is the way we are going to handle it
> for the next 2-3 months – zero play at properties with drastic cuts in free
> play. Hopefully if many others take this stance – just maybe it will have
> some effect. Actually there is some precedent for this hope. Some players
> have heard from CZR executives that for some time they have been using a
> marketing tactic called "suppression." It isn't clear just how they choose
> the players for this and just how this works but it seems to entail
> choosing a certain segment of players and stop giving them offers to see
> whether they will stop playing or continue to play. If they keep playing,
> they know the player doesn't need big offers to remain a good customer. If
> they stop playing, then they might start sending them small offers and
> increasing them gradually until they see how much it takes to get them to
> come back and play. A neat - and probably successful – marketing game. But
> we can play the game too – now that we know the game details!!!!
>
> ------------------------------------------
> Jean $¢ott, Frugal Gambler
> http://queenofcomps.com/
> http://jscott.lvablog.com/
> UPDATED TAX BOOK
> (2015 eBook now available
> to download)
>
> [Non-text portions of this message have been removed]
>
>
>

[Non-text portions of this message have been removed]

__._,_.___
Posted by: Alan Oncken <ellenoralan@gmail.com>
Reply via web post • Reply to sender • Reply to group • Start a New Topic • Messages in this topic (2)

.

__,_._,___

[vpFREE] Re: [harrahscasinos] Offer cutbacks?

 

Miss Craps wrote: <<I noticed my offers for March and April from Vegas went from about $700 free play a visit to $300. I thought it was my own doing, maybe I had played less in whatever month generated the offers. However yesterday I was told by someone that a bunch of people have had offers cut. Like super heavy players going from $5000 a month to $1500. And apparently some of them have decided to boycott Caesars properties. >>

I am working on a blog series about casino VP cuts, but I was just getting ready to write some more specific things here on these forums about recent Caesars cuts when Miss Craps brought up this subject. I'm not usually into casino boycotts – I think they are rarely effective - but recent developments at Caesars are making me look at the possible value of them in this case. Every heavy player I know or know of – slot or VP - has had free play cut drastically and I have heard that hosts are as upset over this as are the players. They too don't understand how Caesars can alienate their very top players. And I have heard that some are actually suggesting to these players that they completely stop playing at CZR properties for a few months and hopefully top management will see their mistake.

We have played at CZR properties off and on for many years, and played especially heavy the last couple of years. At first, I thought that perhaps a good tactic might be to just cut our play time with the same ratio as the free play cut – but the consensus is that this would not have the same punch as a complete boycott. So that is the way we are going to handle it for the next 2-3 months – zero play at properties with drastic cuts in free play. Hopefully if many others take this stance – just maybe it will have some effect. Actually there is some precedent for this hope. Some players have heard from CZR executives that for some time they have been using a marketing tactic called "suppression." It isn't clear just how they choose the players for this and just how this works but it seems to entail choosing a certain segment of players and stop giving them offers to see whether they will stop playing or continue to play. If they keep playing, they know the player doesn't need big offers to remain a good customer. If they stop playing, then they might start sending them small offers and increasing them gradually until they see how much it takes to get them to come back and play. A neat - and probably successful – marketing game. But we can play the game too – now that we know the game details!!!!

------------------------------------------
Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
http://jscott.lvablog.com/
UPDATED TAX BOOK
(2015 eBook now available
to download)

[Non-text portions of this message have been removed]

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Posted by: "Queen of Comps" <queenofcomps@cox.net>
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