[QUOTE=mickeycrimm;55101]
Originally Posted by Alan Mendelson View Post
Originally Posted by mickeycrimm View Post
Actually the AP math can sometimes be questioned. Here's a simple example: how do YOU value $100 of free play? Unless ALL APs value it the same way, AP math can be questioned. I hope you understand the point.
Yes, I understand the point. Currently, I value $100 of freeplay at about $130. Because that's what my edge has turned out to be on the vulturable line games I've been playing in the casinos I've visited this year. One of the things I've learned this year is how to work these modern player tracking systems. You get X dollars of freeplay for X dollars of action. Some casinos are just .1% or .2% but others are .3% and .5%. When I accumulate freeplay on the card it is easily downloadable to the machine and I don't have to download the whole thing all at once. I can download it just a few dollars a play if I want. And that is what I do.

What I'm doing in these casinos is vulturing certain line games where things accumulate and the ploppies get up and leave the accumulation without completing the play. So I sit down to spin it off and I will download a few dollars of freeplay. I don't want to download the whole thing because I don't want to be caught with freeplay still on the machine if the play finishes early. Once the game goes back to negative expectation I cash out and look for another positive play left by the ploppies and do the same thing.

So every dollar of freeplay I get is worth about $1.30.
Ok, I think that's a stretch, since you can just use real money in that spot instead of free play. I know you would not buy free play for $1.10, so I dont think you can value it at more than 100%.
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Alan, how much are chips worth on craps once you make a bet? When you can awnser that question, you will know how much free play is worth. Here is a hint, it depends what you bet and what you do after.

Buying and selling free play is a diffrent story. You should have no probem selling free play at 80% on the dollar(assumig its not a small amount, you can get a better deal if you have a larger amount). The reason someone might want a 20% discount is the time and risk(risk from the casino if you get caught playing OPFP). If the casinos allowed AP's to buy free play for a few % discount and play it on 99.9% machines(With a guarantee they wouldnt change the game, rules or mess with you), you danm well better belive they would sell millions worth of free play to AP's.