Originally Posted by redietz View Post
Originally Posted by kewlJ View Post
Originally Posted by redietz View Post
I value free play at whatever the amount was in cash after it was played through (once). So I value it after the fact of its use. I don't value free-play-in-waiting since a casino could change its slot program tomorrow or close its doors.
This isn't really the correct way to figure the value, not that it really matters. What you are describing is the actual win....which you find out after the fact. The value is the ev, or expected value, which you can determine before you play. For example $100 free play played through a full pay video poker, has Ev of $99.65 or whatever it is.
I'm going to stand my ground on this and argue that free play can't have a value placed on it until you play it through because it can be revoked or reduced at the whim of the casino/slot club. It doesn't happen often, but it has happened before and it will happen again.
You can still put a value on it, you just have to figure out what the odds of that happening are.

Even with real money or money in the bank there is a chance something can happen to it, so do you put less value on it untill it's spent? I would not agrue with you if you said yes.