Originally Posted by
mickeycrimm
This year I'm doing something I've never done before. I'm tracking wager against earn on a monthly basis. I want to see what it looks like over a one year period. I want to see how much wager I run in a year and how much I make from it.
The reason is because, as Mission says, on most stuff we don't know the exact advantage we have, we just know we have an edge. And there is a lot of difference in the size of the advantage from play to play.
But I think pros in other areas like BJ, Sportsbetting, Poker, don't realize just how big the edges are that machine pros work.
And also how little effort is put into it.
In the month of January my total wager was $46,463
My win in January was $10,870. This is actually a little less than my average win for a month, at least for the past few years.
So my ROI was 123.4%. Do I think that much ROI is extroardinary? No. I think it's in range of the overall edge.
I hit 3 W-2G's for $4800. Did I get lucky? Not really. One was a 102 for 1 payoff, one was a 148 for 1 payoff, and one was a 182 for 1 payoff. That's not really big payoffs.
I've played the game the W2'G's came off of a gillion times. I have an entry point in an accumulator game and I'm playing to get to free spin mode. There's a ton of variance. I might not get jackshit, or I might get a 10 for 1 payoff or 40 for 1 but the big payoffs do come in on this game. You have to continually rinse and repeat to suck the money out of it. I don't remember exactly but I think my biggest payoff was around 350 for 1 on this game.
I don't think I ran extremely lucky in January. For the amount of wager I think I ran pretty good but nothing extraordinary.
Another thing is this stuff in not really a grind to me. I don't work it that hard. I'm not on the casino floor more than a few hours a day.
There are slot AP's that make a lot more than me and more power to them. I'm happy with what I do and the pace I work it. Don't care to get involved in anything else.
I hang out in spots where the other AP's aren't. And I do a lot of cruising the scenic byways, national parks, state parks, historical districts, etc.
Should be fun tracking the wager against the earn this year to get an idea of the overall edge.