harry porter stated: "I'll address one other aspect of chungs post --
he implies that IGT is offering up a sucker bet to the unaware player.
Far from it."
I have no idea where harry gets the basis for his assertion that I
implied it was a sucker bet. From the wizard of odd's website, the
wizard writes: "According to the rule screen, the multiplier appears
once every 15 games and the average multiplier is 4.05. So the average
win after the multiplier is 20.33% more, making the sixth coin a
marginally good bet." Cleary, this is a "marginally" good bet as
opposed to a sucker bet or Harry's assertion holds no water.
My comments were about the game design and structure. Again, it should
be clear the 6th coin is not a sucker based on aforementioned
paragraph. I already stated the game design was IMO a scam because (a)
sum certain loss upfront versus sum uncertain gain in the future and
(b) the expected return is based on the fact the player hits his fair
share of hands such as 10X on dealt royal (and by extension, (N)X's on
other dealt hands as well).
I will now address another aspect of the "scam" from a game design
perspective. When the player is paying a "6th" coin, the value of
existing wins is neutered by 20% (i.e. the difference of a winning hand
being pay for 5 coins and now being paid for 6 coins). This effect IS
INDEPENDENT of the previous arguments of sum certain loss versus sum
uncertain gain, etc. When you hit a full house in a 9/6 JOB game
without the X-times bonus, you would get 45 coins or 9 for 1. Now, in
the STP structure, that same 45 coin award for full house is NOW over 6
coins or 7.5 for 1. This is a game design issue, which is separate
from an EV issue (hence Harry's sucker bet comment). In the same vien,
if you hit a RF without the X-times bonus, the RF DID NOT pay 800 for
1, it paid 666.66 (truncated) for 1. There are other game design
issues as well which when COMBINED help explain the about 42% JUMP in
standard deviation observed by the wizard of odds.
I didn't want to get into this type of detail on this type of message
board as this stuff is generally discussed on other message boards.
This a message board clearly has a primary focu on EV, game return,
etc.
In summary, please don't be like Harry Porter and put words in my
mouth. In this industry, "a sucker bet" is clearly a huge money-losing
bet, and STP is the opposite of that.