PROGRESSIVE VIDEO POKER PART 10:
by Frank Kneeland
Frank Kneeland was the manager of the largest progressive video poker team in Las Vegas, and has authored a book about his adventures entitled, "The Secret World of Video Poker Progressives". You can get the book as well as some extra info about Kneeland on his websitewww.progressivevp.com. Also, there you'll find a show archive from his radio show on pro Gambling that he co-hosted with Bob Dancer for six months.
I have indeed found out in life that things we try to avoid come around all too fast, and things we would like to preserve end all too soon. ~FK
If you're thinking R&R stands for rest and relaxation, you don't know me or the life of a progressive player very well, those "R's" aren't part of the job description. No, it stands for Risk & Reward, two aspects of progressives I have not given proper attention to in this series of article. Let's fix that now.
Imagine you have just found a bank of progressive machines in a casino you frequent, and you’d like to know if you can safely ignore them, or if you need to quit your job immediately, because it is now officially getting in the way of your gambling career and costing you money. What you need is a way to quantify the "value" of the progressive. Not to worry because I have a very useful equation for just this task. It takes into account how much you'll make and how often you'll make it. I modified it from a similar equation I use for dating, but I digress.
The two elements we need to quantify a progressive's value are how often it will get playable, and how much we'll make when it does. As was discussed in a previous article, optimum play number for a progressive is break-even playing only for what goes on the meter while you play. Of course optimum play number (OPN) is irrespective of hourly earn and assumes you have infinite time. Even though OPN has little efficacy as a real world call to arms and signal to begin our play; it's vital for our numerical calculation of the value of a game.
Things you need to know (or have) to work this equation...
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