Originally Posted by Gottlob1 View Post
Originally Posted by mickeycrimm View Post
Here's a quote of Coach Belly in another thread:

"Within the first 2 minutes of the podcast, the guest asserts that coin-in creates an illusion of play. I wonder what constitutes actual play, if coin-in is an illusion."

Darren Hoke could have explained it better.

A knowledgeable player goes into a casino and signs up for the card. He then goes and finds a $5 denom video poker game around 98%. He sits down and runs about 100K in action. Probably take him about 6 hours. The theoretical loss on the 100K wager is 2K but there is going to be some fluctuation to it.

What Hoke was talking about was how one creates the ILLUSION of being a sucker gambler running a big wager in a short amount of time on a 98% game. That "sucker" is the type of player they want in the casino.

About a month later he gets a mail offer for 1K per week in freeplay. They don't know that this player is just going to run off the 1K per week in freeplay, without giving any other action, for as long as they send it. It could be 3 months, or 6 months, even longer.

So for 3 months he would get 12K in freeplay. All for a theoretical 2K upfront loss. It works out to about a 10% edge. For 6 months it's over 22%.

This is how it worked when it first started. Who knows all the tricks the multi-carders have today.
Sorry, but what casino will take you for a big loser until you do? Wishful thinking. Certainly, not enough whales around for the casinos to thus act up even if a few fakes slide through. But even then, every one and his monkey would be doing it.
When you are a new player they are not looking at what you won or lost because, with the variance involved, it's not really a good indicator. They look at the amount of your wager and their theoretical edge against you.

Did you not listen to the podcast? It's two casino security experts talking about how the casinos are getting fleeced by knowledgeable players working freeplay.