vpFREE2 Forums

Another Multi-Play Question

#21

Steve, in this thread you mention both a "min-risk" strategy and
a "min-cost (for overall cost)" strategy.

As I recall, you mentioned in the past that these 2 strategies are
identical in simple "coin-flip" type games.

Do these two objectives result in identical strategies in video poker
as well? I seem to remember that you were doing some research in
this area.

Thanks for the great posts.....keep it up.
-Chris

Strategies such as min-cost (for overall cost), min-cost(royal), and
min-cost(whatever-payoff) can all be derived using the concept of
virtual payoff scedules. In all cases, the optimal strategy is

found

···

--- In vpFREE@yahoogroups.com, Steve Jacobs <jacobs@x> wrote:

by adjusting the virtual payoffs and plugging them into a strategy
optimizer, and iterating over those two steps until the strategy
optimizer yields a strategy that gives a breakeven game.

#22

Steve, in this thread you mention both a "min-risk" strategy and
a "min-cost (for overall cost)" strategy.

As I recall, you mentioned in the past that these 2 strategies are
identical in simple "coin-flip" type games.

Correct. When the game is a simple coin flip, cost and risk
become identical.

Do these two objectives result in identical strategies in video poker
as well? I seem to remember that you were doing some research in
this area.

I speculated that this might hold for more
complex games, but now I know that min-cost strategies for VP
are quite close to max-EV, while min-risk strategies are much
different than either min-cost or max-EV.

For games where the royal payoff is much larger than all other payoffs,
the min-risk strategy is close to the min-cost(royal) strategy that
minimizes cost between royals. In the min-risk strategy, most of the
risk is associated with the royal payoff, and for the min-cost(royal)
strategy all of the risk is associated with the royal.

···

On Monday 05 January 2004 12:46 pm, ckbrune wrote: