'The rule of 5' is just a simple
approximation, much like 'the rule of 4' relating odds and outs.
The exact (and slightly clumsier) formulas are:
5% rake:
EVROI = 0.19 * chipEV - 5
chipEV = (EVROI + 5) / 0.19
6% rake:
EVROI = 0.188 * chipEV - 6
chipEV = (EVROI + 6) / 0.188
7% rake:
EVROI = 0.186 * chipEV - 7
chipEV = (EVROI + 7) / 0.186
8% rake:
EVROI = 0.184 * chipEV - 8
chipEV = (EVROI + 8) / 0.184
Quote:
Originally Posted by grinder4all
As for $100 an hour at 15s, I'm confident there's no player alive today who could do that. No one can make $2 a game at 15s - I.e an ROI of 13.3% post rakeback - playing 50 games an hour. Hell I'm not convinced there's anyone who could get 13.3% ROI long term even 2 tabling. That's 90 chips a game - no one has ever got that over a large sample.
I agree that the 'gods' of spins are more compelled to stay where they 'belong' skillwise, i.e. 100s.
Dropping down is a good idea for those with chipEV ~ 40 at 100s - their chance of never going bankrupt is >90% if they have a $13K roll, but they're better off playing 60s where they'd be making the same $4/game and $120/hr incl. 30% rakeback (assuming chipEV ~ 55 there) with lower risk.
Furthermore, even though they'd be making merely $108/hr = $3.6/game * 45 games/hr by 6-tabling 30s (chipEV ~ 65; I've added 20 chips due to the increased softness but subtracted 10 to account for the table load increase), going there would be a better idea than staying at 60s from the risk management point of view.
Last edited by coon74; 05-28-2016 at 09:22 AM.
Reason: reply to g4a