Coins to Paper Currency?

[mickeycrimm]

Unfortunately Rob just made another of his ridiculous posts.

Back to the issue: yes it's a smart play to keep getting a 10% bonus or a 20% bonus on every bet you make.

The caveats are you understand that there is no guarantee in a casino, that your money is at risk, and that's your money and not the casino's money you are initially betting.

At issue here are the definitions of words.

Edited to add:

Look up the definition of "expected" and it says likely to happen. I wish you would say "LV" instead of "EV" because it's more realistic.

Would "average return" sound better?

Ask five of your friends this question:

Would you rather have:

1. An average return of $100
2. An expected return of $100
3. A likely return of $100

My guess is everyone will say an average return because it's the most positive language. Second choice would be expected return. Last choice would be likely.

But... average return is completely false.

And while "expected" and "likely" have the same meaning, "expected" is a stronger, more positive word.

Try it.

The "expected return" on $40 of freeplay at 9/6 Jacks is $39.816. The "average return" is $39.816. Both terms mean the same thing.

BTW, there was a movement to get rid of the term "expected value" and replace it with "expected return."