Quote:
Originally Posted by Hood
It's not simply a misconception. GGPoker explicitly state that PVI on average is 1. From the new Fish Party rewards page:
Im not saying you're wrong, I'm just pointing out that this isn't really a player misconception - GG state up front that this is the case. So you are claiming GG is being dishonest.
It is indeed dishonest. I agree that the statement you have found is the same as saying 'The average PVI (per hand played) is 1. These are three ways of arguing this to be incorrect
1) That would mean that a player who breaks even
before rakehas a PVI of 1.0. I have tracked PVI figures from the start of a new account, and that is not the case.
2) For a reasonable estimating process, think of the PVIs you as a reg have had, have read from regs on here, and have heard reg friends quote. They average far less than 1.0. Yes, that doesn't take into account fish, but they make up a small percentage of the player pool. However, then the fact that regs play alot more hands than fish makes the average PVI *per hand* (which is what the GG statistic refers to) far lower than 1.0. What actually lets down the average PVI is the cap at 2.0. Not that we would want this to be the case, but it would need the big losers to have much higher PVIs for the average to be 1.0
3) Think of the average lineup of a table at any point. This of course represents the PVI per hand played, not the PVI per account (which would be weighted up by alot of rarely active fish accounts). Its fair to say that the average lineup is at best 5 regs, one fish. I.e. its more often 6 regs, 0 fish than it is 4 regs, 2 fish. I think a very fair estimate of those 6 PVIs would be 0. 2, 0.2, 0.3, 0.5, 0.6, 2.0. The 2.0 for the fish may not even be that high. This overly fair estimate gives us an average PVI of 0.63.
For GG, dishonesty is not an unthinkable thing. They are in fact dishonest, or at the very least deliberately misleading, on the main fish wheel page. On the $1,000 fish wheel ($1,000 in the sense that it takes $1,000 of rake to get there if your PVI is 1.0, and the top prize is $1,000) it lists, for example, the $400 prize as being '40% cashback.' There isn't even an asterix to say, *this depends on PVI, and assumes an average PVI of 1* This is deliberately misleading, to the point of being dishonest.
There is another strong example of dishonesty from GG. Until about May 2019, there was no PVI system evident, but the fish wheel was completely rigged, depending on how you had done in the play making up that wheel. They effectively completely admitted this in an email of May 2019, talking about a change in the fish wheel. This was an unofficial PVI system, before the actual system. This definitely qualifies as deliberately misleading. Firstly, they know that presenting it like a casino fish wheel gives the implication that it is random. Worse, they had the same advertised probabilities, for example '1,500 in every 10,000 spins.' This as good as stated that it was random, which was a lie. After heavy criticism, they changed to what is now a random fish wheel, but, by changing the PVI system to slow the rate at which players accumulated points, they achieved EXACTLY the same outcome. For example, in the previous system, a player with a PVI of 0.3 would reach the fish wheel after the same amount of rake as everyone else, but would on average receive only 30% of the stated average prize. Now, they get the stated average prize, but it takes them 3.33 (1/0.3) times as much rake to get there. 30% of the average prize over time, EXACTLY the same outcome.
GG really highlighted that they were not afraid to be deceitful by sending an email to all players, stating that they were happy this meant 'fairness and equality for all players.' They knew fully well that they had found a different way of achieving the same thing, and that in fact nothing had changed.
Another example of GG being more than happy to be deliberately misleading is being happy for agents to advertise a '60% flat rakeback deal' Almost no agent even mentions the crucial asterix of *This depends on a well disguised PVI system. If you are a reg, PVI will mean that you in fact only receive 30%, probably as little as 12%, rakeback.