$46,000 per year from Fun Book Coupons??

What a nice compliment you dished out to yourself there ! Glad I could assist you in boosting your self esteem.

The article did say that Larry & wife, so if both were playing only $100 per day, that would be an EV of about 35,770. Not quite $46K per year, but than they would not limit themselves to only $100 per day.

In the good ole days of match plays and coupons galore, plus promotions for FSP, etc, I could see where a couple could have earned that kind of money. The article also mentioned the long hours to do so.

I will not dispute the possibility of it being done in the past, nor the amount claimed.

I do know that during my coupon runs in 2009, I had a day or more where I played many more than 40 coupons. So someone who "worked" hard could probably make that amount. Of course, some advantage players may also like to exaggerate their success a little. I seem to recall that over 55 days in Vegas in 2009, the fewest coupons I used in one day was still more than 10, and averaged about 20 per day. IF I'd had more "good" ones, I possibly would have worked harder, but tried to limit myself to about 8-9 hours "working" them.

Regardless, I do believe that "significant" money was able to be made using coupons and promotions. And that we will never see those days again.

You and I made the same error in our calculation which assumes they win 100% of their bets - which is of course incorrect. $100 of coupons should yield an average of a little less than $50 in profit.

So....$47K in profit would be derived from about $94K in coupons. Or about $257 of coupons per day for a year. I was skeptical before. I am very skeptical now.

I "mis wrote" my thoughts, or expressed myself poorly. I was thinking $100 per day for Larry & another $100 for the wife as a minimum. "If both were playing....."

Still short, EV wise of the 47K, but what was to limit them to $100.

Like I mentioned, I used an average of 20 per day over 55 days, and could have played more. That was using public transportation and free shuttles, did not rent a car. With a vehicle and street knowledge, it would be possible, IMO, to easily play 25-30 + coupons per day per person.

And there were some "big" coupons. Several $25.00, and one place had $100 match plays. I will concede that the article may not be totally truthful because the couple would certainly have taken advantage of other promotions along the way that did not cost anything and would boost their earnings.

I will say from experience that it is not an easy way to make a buck, and many would burn out trying to do so.

I dont know if this affects your calculations, but the author claimed that Larry won all that money "without a losing day."

I've read many accounts of AP couponing, find it interesting, but do not want to work that hard myself. That's why I have no problem giving away coupons if someone else can use them. I may know who I'm giving them to at times but I also will leave "gift packages" in casinos for lucky finders. That's one way AP's can get the large amt of coupons. But, like roadtrip said, what was doable in the past may not be now. There are so many limits/restrictions that some coupons I would have used myself in the past, I don't bother with now. I definitely think the casinos were better off overall before all of the restrictions; they at least had the AP's risking $$$ w/their play as well as neophytes giving up the $$$ in the quest to be an AP.Now, a lot of the above barely play at all. Just my 1/2 cents worth

The latest article did mention they often worked 16 hours a day. Ugh. However, seems like it would be doable with a large source of coupons.

What is your point? Larry should NEVER have any losing days if he sticks to his "No Risk" strategy with match play coupons. The only way it would affect calculations is to reduce the +EV. "Larry" pays a much steeper price (due to house advantage) than others would who were not opposed to "Risk".

To refresh your memory, Dancer wrote in the article,

"....Another friend "Larry" played exclusively match-play fun-book coupons with his wife, where they would bet black and red on roulette. But that wasn't good enough for Larry, he also put a small bet on the 0 and 00 just to make losing impossible....."

If you actually read and comprehend what was being written, than not having a losing day using their "system" is expected. I can think of no scenario according to the article and "system" where a loss would or could be incurred.

Road trip, to refresh your memory... Dancer did not write the article, and I was not making any point but merely mentioned the quote asking if it would affect calculations.

if it doesnt say so.

I'll continue to enjoy the discussion.

If he now owns his fifth Las Vegas house, he only has about a million dollars in negative equity.