Sounds like your only objection is my use of "ER" for total money earned on
the play, vs. "EV," as value for one hand.
If I switched them, sorry for the confusion.
To me, Expected Return (like Return on Investment) means a total money
amount you will win on average. If this does not agree with the vpFREE glossary, I
can live with that.
I did define my terms with the equation I gave, so in context it should have
been understandable anyway. Quibbling about semantics defeats the purpose of
pointing out that speed (of all players who are playing max coins on the
bank), in addition to strategy, affects your average profit.
Brian
ยทยทยท
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In a message dated 2/6/2007 7:25:39 AM Pacific Standard Time,
harry.porter@verizon.net writes:
I'll respectively disagree, Brian ... I assert that EV is affected by
the speed of others, not ER. You're correct in pointing out that the
speed of other affects the economics of your play. The faster they
play, the smaller the likelihood that you'll be the one to hit the
meter on any one RF cycle on the bank.
However, no matter what their speed, the average value of the meter
when hit is unchanged, one of the two variables I identified in
determining your play ER.
The other variable, the strategy that you employ is also unchanged.
Consequently, there's no impact to your ER.
A modestly different form of the equation you cite:
Total EV per play period = ER x hands played in period
If you assume that you walk into a casino and play the progressive
bank until it's hit, the faster others play, the fewer hands you can
be expected to have played when the bank is hit. With constant ER,
the EV for that session falls proportionately to the increase in other
player speed.
Still, your EV per hour is changed. ER and hands played are constants
for a specific period of time. It's only when the period is expressed
as time between hits on the bank that your EV falls as a consequence
of your expected lower total playing time.
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