Originally Posted by AxelWolf View Post
Originally Posted by redietz View Post
Originally Posted by kewlJ View Post

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.
Point taken, but I'm insured with most banks. The bottom line is that I've had stashed (already earned) dollar amount of comps dramatically reduced without warning in the past, so it's something in my experience that is much more likely than a bank failure not backed by the feds. Had I been relying on my assumptions regarding comp values in the decisions (and math) of whether to play, these instances would have rendered my math and decisions to play wrong. That would have all been on me.