They spell it "pokies" and they are what we would term slot machines. In addition, the machines he referred to as caped jackpots we would call must-hit-by jackpots or Mystery Awards.
In the American vernacular a "capped" jackpot is one that cannot exceed a certain amount, but merely stops progressing at that point. It does not necessarily have to hit before it reaches the cap.
Apparently, what they have in Australia are fast moving must-hit-bys. The ones in Vegas progress at tiny fractions of a percent and need to be so high to be playable they almost never get there.
The Stations had one that maxed out at $5,000 and needed to be $4,800 to be playable. That's not even worth scouting.
He mentioned one that progressed at 5%, reset to $18,000 (maxed out at $25,000) and was playable at $19,000. That's off the scale good to a point I would have thought impossible. He had the best of 12% edges for many years. Hats off to him, is all I can say. Right place at the right time.
His math was also flawless. Few people understand the correct math for must-hit-bys. It took me three weeks of sequestering myself in a small room to figure them out to satisfaction. He clearly knows his stuff.
Cheers mates,
~FK
P.S. For those of you with a copy of my book the math for must-hit-bys is covered in the subheading, "No Jackpot Required". It is only of little use here in the states, but if you are planning a trip abroad you might want to bone up.
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--- In vpFREE@yahoogroups.com, "Bob Bartop" <bobbartop@...> wrote:
Just to be clear, in case there are others like me who are a little slow sometimes, I finally figured out that you have to add an "au" at the end of his url, pokermachineschool.com.au. If you don't add the "au", you won't get very far.
I'm a little confused about "pokie" machines. As anyone knows who listened to the show, it was quite difficult to understand. The connection quality wasn't too good, and his accent was quite heavy. I did find that it helped to listen to the show's download, which I did over and over until I understood it better.
I'm still curious if they have video poker, like we have in the U.S. The machines he was talking about sound quite different. He says he's played all over Australia, New Zealand, and even in Asia. Asia's a pretty big continent, so not sure what countries he's talking about.
It sounds interesting and anything with potential is worth learning. Although I don't plan on going to Australia in the not-too-distant future, I still would like to know more about what he was talking about.