Open Side Menu Go to the Top
Register
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** ***PokerStars Promotions Ideas/Suggestions/Opinions Thread***

02-14-2016 , 03:32 PM
Quote:
Originally Posted by coach999
are you a mathematician? how can a normal guy come up with all these calculations?
Well I'm taking a maths major at uni atm so yea, maths has always quite a strong subject for me.

Quote:
Originally Posted by TrustySam
Hey PocketDucks - think I understand what you're saying ... you're acknowledging that the prize distribution is skewed. But that while the EV figure might arguably be a bit too high an approximation of the amount each of us might be expected to earn/win from this promo, the $0 approximation that I was using might be a bit too low, because there's 15 separate challenges?

Then guess you were trying to find a way to measure the amount that maybe the most people might be able to expect to win, on average, for the 15 challenges, and thought maybe half of the EV might be a good measure?

So for 15 challenges, at an EV of $1.67 for Silver, and $7.55 for gold, you're estimating that most people will tend to maybe win about ...
PD Approximation of Value of the Milestone Challenge Promo

Silver = ($1.67 x 15) / 2 = $12.53
Gold = ($7.55 x 15) / 2 = $56.63

Guess you were relying on the Central Limit Theorem, of the median approaching the mean to come up with this formula? Gosh, wasn't a math major or anything, so maybe if someone who was can help us out - guess these are 15 independent events, with a random distribution of prizes, but a non-random (skewed) distribution of prize payouts. Not sure I've ever seen the median and mode applied across 15 independent events quite like that ... maybe it might be more accurate to look at each of the 15 events, but as a group, to see what sorts of prizes the average person can expect when participating 15 times, and then add them together?


So like a batch of sample outcomes might tend to be ...

Silver

1. Shootout - no win
2. Shootout - no win
3. Shootout - no win
4. Shootout - no win
5. Shootout - min-cash ... $0.35
6. Shootout - no win
7. Shootout - no win
8. $2
9. Shootout - no win
10. Shootout - no win
11. Shootout - deep run ... $0.55
12. Shootout - no win
13. Shootout - no win
14. Shootout - no win
15. $5 cash

So that gives $7.90?


And for Gold

1. Shootout - no win
2. Shootout - no win
3. Shootout - no win
4. $5 cash
5. Shootout - no win
6. Shootout - min-cash ... $1
7. Shootout - no win
8. Shootout - no win
9. $10
10. $5
11. Shootout - no win
12. Shootout - no win
13. Shootout - deep run ... $2
13. Shootout - no win
14. Shootout - no win
15. $5

So maybe $28?


Guess the Silver might not be bad, depending on how much it'll cost in rake to participate every day (the cash game one is $0.67 for about 100 hands, so that'd be about $10 of rake over 15 days) ... and if one doesn't run bad with the prize payouts. Guess everybody can come up with their own formula, and then decide for themselves if they think it's worth it. Am not feeling in too lucky a mood, after winning the min-prize of 100 coins for completing the 3 steps of Silver though, but good luck to everybody who's giving this promo a shot. GL GL PocketDucks - hope you pick up some nice prizes!!
Thanks, I'll do my best!

Regarding your question about median, well I think what it gives you is a good indication of what your average Joe can expect to win. Calculating median across multiple trials like this is kinda tricky, would probably take me a whole day to figure out an exact answer. What I've done is use a little estimation trick which I can explain to you.

So for the silver challenge, 77% win an all-in shootout ticket valued at around 25c. Since you can do the silver challenge up to 15 times, 77% of 15 is 11.55 which rounds up to 12. Next prize is 12% chance of $2. 12% of 15 is 1.8 which rounds up to 2. $5 has 7.5% chance, 7.5% of 15 is 1.1 which rounds down to 1. $10 has 3%, 3% of 15 is 0.45 which rounds down to 0.

So from 15 goes the average Joe can expect to win 12*$0.25+2*$2+1*$5=$12.

You can then do the same for the gold challenge using a similar process. As a very rough estimate, it should come to about half the EV in both cases, give or take. Hope that makes sense
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-14-2016 , 04:53 PM
Hey PocketDucks

It sounds like you were starting with the idea that:
Limit (of expected prize per individual challenge) -> approaches EV ... as the number of individual challenges ran approaches 100k
Here there's only 15 individual challenges though, so one would expect most peoples prizes to be far less than EV for a top-heavy prize pool distribution after only 15 challenges. Since only a select few will run lucky, with that few runs ... so it does seem like most people should be making less than even half of EV over just 15 challenges?

It looks like with your last post you're assuming a 100% ITM rate for people who win shoot-out tickets. But usually the shoot-outs have been a second step of a short-run of top-heavy prize awards, with most people not winning any money. There'd be nothing to shoot out for, if everybody was just being awarded an equal percent of the prize pool.


Think these promos are targeted at people who overestimate the potential payout and underestimate the potential cost. But guess that's poker, so ...


PS. Didn't add enough $5 prizes to the Gold payout - it looks like most people should be averaging about $32, with average luck? And you can include an extra $2 in the Silver if you wish ... so that would bring it up to $9.90. Anyways, guess was just noticing that EV measure might tend to overestimate the mostly likely outcome for most people, when distributions are heavily skewed, with limited runs, or something like that? It seems like we both agree on that?


Anyways, looks like it's back to one-tabling tourneys for me

Last edited by TrustySam; 02-14-2016 at 05:18 PM.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-14-2016 , 05:57 PM
Quote:
Originally Posted by TrustySam
Hey PocketDucks

It looks like with your last post you're assuming a 100% ITM rate for people who win shoot-out tickets. But usually the shoot-outs have been a second step of a short-run of top-heavy prize awards, with most people not winning any money. There'd be nothing to shoot out for, if everybody was just being awarded an equal percent of the prize pool.
Yea you're right I did oversimplify the all-in shootout expected winnings as that would require another calculation and without any information on the prize structure/number of entries it's hard to estimate that.

Quote:
Think these promos are targeted at people who overestimate the potential payout and underestimate the potential cost. But guess that's poker, so ...
Well I'm not sure Pokerstars intended it that way. Whether they have a top-heavy prize structure, or a fixed prize equal for everyone, it's gonna cost them the same if the EV is the same. It's not like they're "saving money" by spreading out the prizes. The purpose behind the prize structure is that it attracts the gamblers (mostly rec players), in the same way the lottery has its appeal.

Quote:
Anyways, guess was just noticing that EV measure might tend to overestimate the mostly likely outcome for most people, when distributions are heavily skewed, with limited runs, or something like that? It seems like we both agree on that?
Yea I think we do

Quote:
Anyways, looks like it's back to one-tabling tourneys for me
Ok then! Remember, the milestone challenges cater not only to cash game players but also to tourney players. There should be quite a few tourney challenges so you won't miss out entirely!
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-14-2016 , 09:35 PM
Guess we also have in common an enthusiasm for poker! That would be lovely if the tourney challenges feel more my speed

Cheers PD!!


Going to go watch a bit of the NBA All-Star Game that's happening in Toronto now, and maybe watch the Bachelor special during commercials lol ... will be nice to relax tonight, since tomorrow's a holiday in some parts of Canada. Happy Family Day everybody!

PS. Also, happy President's Day!

Last edited by TrustySam; 02-14-2016 at 09:48 PM.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-14-2016 , 10:11 PM
hey all. is there a way to know how much starcoins or winnings one has made through these daily/weekly stars promotions? For example, i seen me getting some starcoins i believe because usually its always 2000 starcoins added to my acct when i earn enough vpp. But i notice i received different starcoin amts where it wasn't multiples of 2000 anymore so im sure this might have been one of those starcoin promotions?


I also register in those freerolls with a free ticket as i got many of them. Of course those are all ins. Is there a way to know if i ever cashed in those or win a ticket for something else?
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 01:51 AM
FML. I grinded about 10 hours today trying to complete my last steps in the goldstar 10 steps challenge, and only got 250 starscoins for my effort I got 1000 for the first 3 steps, which was alright, but still. Let's hope the milestone challenges are a bit nicer to me
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 02:16 AM
So for the 100m celebration challenge playing 10 standard hold'em and 1000 zoom hands. It'd be nice to see what we win, I havr no pop up telling me anything and the challenge page just gives an unhelpful "Completed".
Gee, thanks, now what's my prize?
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 02:23 AM
After a challenge is finished, the amount of coins won is shown under its description in the 'Completed' tab of the challenge window (click on the 'Your Prize' button to view it).

E.g.

***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 02:53 AM
For this one it's on the top once you finish both challenges

***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 06:01 AM
in 1 hour i won 10$ and 20K freeroll + 9.60$ cuz i'm a beast at poker.

not bad, not bad

i like this challenge.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 09:37 AM
Quote:
Originally Posted by FlyinMoney
For this one it's on the top once you finish both challenges

Nope, All mine says is Completed minus what is is I win

Underneath the "Completed Feb 15 14:05" (For me of course).

There's nothing, zilch. Just says I completed it.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 09:39 AM
Quote:
Originally Posted by Gunblade
Nope, All mine says is Completed minus what is is I win

Underneath the "Completed Feb 15 14:05" (For me of course).

There's nothing, zilch. Just says I completed it.
thats because you win freeroll tickets on both.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 10:07 AM


Nice beginning, one ticket (silver) and 100 bucks (gold).
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 10:08 AM
Quote:
Originally Posted by Gunblade
Nope, All mine says is Completed minus what is is I win

Underneath the "Completed Feb 15 14:05" (For me of course).

There's nothing, zilch. Just says I completed it.
I have the same issue. I have this:



So I have no idea what it means. When I click on information it says I should go to "Registered in Tournaments" which I can't no find. Maybe someone can help me out. And the one on the right isn't even showing anything. Ticket is pending, so maybe I should wait.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 10:22 AM
Quote:
Originally Posted by TripMode
I have the same issue. I have this:



So I have no idea what it means. When I click on information it says I should go to "Registered in Tournaments" which I can't no find. Maybe someone can help me out. And the one on the right isn't even showing anything. Ticket is pending, so maybe I should wait.
CTRL+R will show you in which tournaments you are registered.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 10:25 AM
Quote:
Originally Posted by samigina
CTRL+R will show you in which tournaments you are registered.
Thanks mate. I'm registered to the free-roll. Hopefully the silver challenge will bring more luck.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 11:23 AM
Ah I see, it auto regs you, I was expecting a ticket.
Would still be nice to mention it.
Also if this promotion is on every day and the freeroll isn't till the 19th, what happens if I win more tickets?
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 01:30 PM
ticket and 2.00. underwhelming to say the least, but a ton of action at zoom
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 01:52 PM
`zoom session is full`
looks like it is helping the zoom traffic for sure, well done stars
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 05:04 PM
A zoom only promo, with a 10nl minimum, and 1000 hand requirement has been so dreamy Wound up playing, and thankfully my double-dipper downswing seems to have subsided for the moment - wound up getting the shootout ticket, but there seems to only be about 6k others auto-registered so far? So maybe the chance of cashing won't be too bad ...


Quote:
Originally Posted by xXPocketDucksXx
Well I'm not sure Pokerstars intended it that way. Whether they have a top-heavy prize structure, or a fixed prize equal for everyone, it's gonna cost them the same if the EV is the same. It's not like they're "saving money" by spreading out the prizes. The purpose behind the prize structure is that it attracts the gamblers (mostly rec players), in the same way the lottery has its appeal.

Yeah, could be. Also maybe, guess if like maybe only 20k people wind up participating in this challenge today, then odds are against the 1/100,000 $100k prize being won today ... and if the number of people who participate in the Gold promo each day is about the same, then maybe the top prize might only be won 2 or 3 times over the 15 days of the promo? So 'win up to $100k each day' might be a way to draw interest in a big prize, but maybe the promo doesn't cost as much if the top prize isn't hit every day, or something?


It's worked out nicely though - pretty happy with this promo Wonder what the challenge'll be for tomorrow ...


PS. Can't wait for the Grammys on tonight!

Last edited by TrustySam; 02-15-2016 at 05:11 PM.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 05:35 PM
Quote:
Originally Posted by TrustySam
Hey, PocketDucks - got about the same amounts with my EV calculations ($1.37 for the Silver, and $7.55 for the Gold, based on 100k participants, and a bit more/less for fewer, depending on whether the top prize is hit or not). It's funny because guess the EV of this promo is more than it was for the Cash Quest promo that was running in January (where everybody who participated was guaranteed a cash prize, with 90% of people having equal chance of receiving $1 or $2.50)? Saw on a previous page that you calculated that the EV for the January promo was $80 (for 30 days). For me, the promo took 20k hands, so if that was about average, guess the EV for 1k hands was about $2 ... and here it's $7.55? So the promo that starts on Monday has an EV that's almost 4x more ... is that right?

Wonder if maybe when prize payouts are top-heavy (with most people winding up with nothing), and an event is only running in the short-term and there's no long-term, if maybe EV isn't the best measure to use on an event? Like say 1 million people decided to put $1 into a pool, to draw for a winner take all $1mil, but the event was only going to happen once ... guess the EV would technically be $1 so people 'should' be indifferent to participating. But guess maybe lots of people might find participating worth it, because the $1 loss would mean little, but a $1mil win would mean a lot?

In the short-term, maybe the expected result for this February promo might actually be closer to the lottery scenario (of $0) - if 60% to 77% of participants will get a shootout ticket ... and generally about 80% of those people won't cash? So doesn't that mean about 48% of people who complete the Gold, and about 60% of the people who complete the Silver won't wind up with any cash?

So that's interesting, that the EV is greater for the Challenges, but fewer people will wind up with cash. Am sure some people will like the chance at $100k - but guess as the saying goes, a bird in the hand is worth two in the bush ... think I prefer the promos with the guaranteed cash, even if it's just $1 on some days (when it's $2.50 on others). Will have to see how soft the tables are during this promo - am not the greatest player, so need for the tables to be super soft to make playing without a guaranteed cash bonus worth the while But for people who were going to grind anyways, guess this is a nice little bonus - GL with your grind PocketDucks!!

PS. Didn't realize we could do both the Silver and the Gold
Me too Nice words. After 1 day of work i thought that PS has new promo starting today and i start to read the ps site coz i wasnt knew if plo is ok to play so at ps.bg i didnt find anything that helps me, then i reread that ps promo page on the software and start thinking wtf one time its written that u can play zoom, other - u cant lol so i start to play some zoom ad sow taht 1k hands bar is counting and i am like fu stars i want to play 100h chalange, not 1k. And the i decided rereread that promo page at ps software and finally understand that u can play both chalanges (ty ps) and played some cash games and boom
Spoiler:
i won AI tourny ticket


I write that text coz i think that some players would have made that mistake like me

Nice promo PS so keep it coming every day (every promo is more ev then zero promos).
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 05:37 PM
Quote:
Originally Posted by TrustySam
A zoom only promo, with a 10nl minimum, and 1000 hand requirement has been so dreamy Wound up playing, and thankfully my double-dipper downswing seems to have subsided for the moment - wound up getting the shootout ticket, but there seems to only be about 6k others auto-registered so far? So maybe the chance of cashing won't be too bad ...
Yea it looks like it's gonna be much fewer entries than we first thought which is cool! Good job for giving it a go, I knew you could do it


Quote:
Yeah, could be. Also maybe, guess if like maybe only 20k people wind up participating in this challenge today, then odds are against the 1/100,000 $100k prize being won today ... and if the number of people who participate in the Gold promo each day is about the same, then maybe the top prize might only be won 2 or 3 times over the 15 days of the promo? So 'win up to $100k each day' might be a way to draw interest in a big prize, but maybe the promo doesn't cost as much if the top prize isn't hit every day, or something?


It's worked out nicely though - pretty happy with this promo Wonder what the challenge'll be for tomorrow ...


PS. Can't wait for the Grammys on tonight!
The bolded part isn't really accurate. Yes it will draw interest to the big prize, but giving a 1 in 100k chance for each person winning $100k is exactly the same EV as giving everyone who takes part an extra free $1. Some days nobody will win the $100k, but other days people will, so overall it will average out to costing Pokerstars the same on average as the $1 EV per participant that it's worth.

Thanks to this promo, 16nl full ring zoom is actually running for once haha
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 05:50 PM
Quote:
Originally Posted by xXPocketDucksXx
The bolded part isn't really accurate. Yes it will draw interest to the big prize, but giving a 1 in 100k chance for each person winning $100k is exactly the same EV as giving everyone who takes part an extra free $1. Some days nobody will win the $100k, but other days people will, so overall it will average out to costing Pokerstars the same on average as the $1 EV per participant that it's worth.
Oh dear, here we go again


Thought we calculated that the cost for stars per 100k participants was $755k? So the EV per participant for the Gold promo is $7.55.

Was just noticing that although the promo is billed as 'win up to $100k each day', if there's only 20k participants each day, then they'll only be awarding the $100k on average about once every 5 days. And the cost of the promo won't be $755k per day, it'll be $755k/5 ... is that about $151k?

It does cost about $6.70 in rake to play 1000 hands though, so technically guess this is a collective reprieve from paying rake for 1000 hands ... with softer tables, and those have been really nice


PS. Yeah, was bummed to see the Silver was non-zoom ... but happy that the Gold was zoom only - but totally wasn't sure except for the progress bar

Last edited by TrustySam; 02-15-2016 at 06:02 PM.
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 06:17 PM
Quote:
Originally Posted by TrustySam
Oh dear, here we go again


Thought we calculated that the cost for stars per 100k participants was $755k? So the EV per participant for the Gold promo is $7.55.

Was just noticing that although the promo is billed as 'win up to $100k each day', if there's only 20k participants each day, then they'll only be awarding the $100k on average about once every 5 days. And the cost of the promo won't be $755k per day, it'll be $755k/5 ... is that about $151k?

It does cost about $6.70 in rake to play 1000 hands though, so technically guess this is a collective reprieve from paying rake for 1000 hands ... with softer tables, and those have been really nice


PS. Yeah, was bummed to see the Silver was non-zoom ... but happy that the Gold was zoom only - but totally wasn't sure except for the progress bar
I see what you mean now. It's definitely gonna cost Stars less than if they'd said "$100k guaranteed to be won each day". EV per participant is still around $8 though (probably higher given the number of gold shootout entries is lower than we thought they'd be)
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote
02-15-2016 , 06:21 PM
Oh ya, sorry PD ... my writing's oftentimes not very clear

The shootout's looking nice - am hopeful maybe will get lucky with the shootout tomorrow ... who knows
***PokerStars Promotions Ideas/Suggestions/Opinions Thread*** Quote

      
m