vpFREE2 Forums

Gambling with an Edge --- August 2

#1

We announced a visit tonight by gambling tax expert Anne
Fried-Lefton. Unfortunately I got my dates wrong and Anne is actually scheduled
for NEXT week and does indeed promise to be there. She was willing to speak
tonight anyway if we were really stuck for a guest, but it wasn’t the right
time for us to insist. She was in a pretty bad traffic accident recently, and
while she will recover, currently she’s on a lot of pain meds so she’s not at
her best.

Shack and I are going to continue on the televised game show
theme tonight. While not directly related to casino gambling, it’s not that far
removed. Getting on these shows and doing well against other opponents requires
many of the same skills you need to compete in casino tournaments, poker, and
other casino games.

Plus a reader sent in a Jeopardy! story for me to share
that is a lot of fun.

GWAE
may be heard live Thursday evenings from 7-8 in Las Vegas on 1230 AM or from www.klav1230am.comfrom
anywhere. The shows are archived the next day on bobdancer.com. You may
subscribe for free from iTunes to get the podcasts delivered automatically to
your device.

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

#2

Here are some random probability and gambling related ideas it would be interesting to discuss from game shows.

It might be fun to cover basic optimal strategy for final Jeopardy and daily doubles at some point. I see so many people screw daily doubles up but most people have a reasonable sense of how to play final Jeopardy.

Guessing on the old version of who wants to be a millionaire. Like if you are at 64K going for 125K, when is it optimal to guess? What assumptions do you need about future questions?

Is it ever optimal to throw initial bids on the price is right (intentionally lose)? (If there is one car per 3 contestants, you get information by throwing the first challenge)

···

--- In vpFREE@yahoogroups.com, Bob Dancer <bobdancervp@...> wrote:

We announced a visit tonight by gambling tax expert Anne
Fried-Lefton. Unfortunately I got my dates wrong and Anne is actually scheduled
for NEXT week and does indeed promise to be there. She was willing to speak
tonight anyway if we were really stuck for a guest, but it wasn't the right
time for us to insist. She was in a pretty bad traffic accident recently, and
while she will recover, currently she's on a lot of pain meds so she's not at
her best.

Shack and I are going to continue on the televised game show
theme tonight. While not directly related to casino gambling, it's not that far
removed. Getting on these shows and doing well against other opponents requires
many of the same skills you need to compete in casino tournaments, poker, and
other casino games.

Plus a reader sent in a Jeopardy! story for me to share
that is a lot of fun.

GWAE
may be heard live Thursday evenings from 7-8 in Las Vegas on 1230 AM or from www.klav1230am.comfrom
anywhere. The shows are archived the next day on bobdancer.com. You may
subscribe for free from iTunes to get the podcasts delivered automatically to
your device.

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

#3

vpplayer offered suggestions for the game show radio show. Thank you for your suggestions. I didn't see your note until after the show was over. Maybe some will be put on the list of "filler" questions for future shows when we have a little time to kill. Bob
  
  .

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

#4

"Video poker in class II form involves a game in which the game result is centrally determined (loss or win/amount) and the machine will produce a hand consistent with that determined win. Because the player can "interfere" with that result as a consequence of their hold decision, the machines I've seen have a second bonus mechanism that's used to ensure that the predetermined win is awarded. Class II vp doesn't adhere to standard card probabilities and typically all players in the casino, slot and vp, are playing under identical odds -- driven by the central determining processor."

Huh? So the "good" video poker has the same ER as the lousy slots?