South Point: Pump with your points

South Point Casino players can participate in South Point’s “Pump with Your Points” promotion throughout July. Casino Card players who redeem $25 in points or 8,333 in base points will receive a $50 gas gift card, which must be redeemed no later than Monday, Aug. 4.

Here it comes. Players complaining they got shorted, others contacting the NGC looking for the three dollars they think they were shorted, big time players believing they can't lose because they've concocted this gas thing into a .02% edge, and the SP again laughing all the way to the bank. Happens every year.

A better promotion I took up yesterday was the 2 for 1 Giatta restaurant deal at the Cromwell. 250 points is all it takes.

Big time players?? The limit is 10 gas cards, which maxes out at $500 worth of gas after over $80,000 coin-in. Well I guess that would be BIG TIME! to abeadle [Rob], not so much for actual big time players.

On the appreciative side, show up at the South Point on July 4 (double points) and you'll have a 0.8% bump over the base (no points) EV. For pretty fast perfect play on $2 NSU, that's about a $50 per hour expected for about the first eight hours, then it drops down to $30. Not bad.

And I hope Mr. Gaughan does make money on the promo. Then he'll keep offering it.

Forkie, you "expect " to be given more by SP than democratic street slugs expect from and actually GET from Obama. $50/hr. just for gambling? They're giving away gas cards AND money?

Call me Al.

Okay "Al," I knew it would be over your head, but I had no idea it would be by so much. So let me try to explain.

"Expected Value" or "EV" or the more colloquial "expected" are mathematical terms that mean the weighted average of a theoretically infinite number of trials, with the independent variables, in this instance, being primarily the amount waged, the pay table, the point value, and the skill level of the player.

All of which results in about $50 per hour expected value next Friday at the South Point for someone who is damn good, damn fast, and can stand the roller coaster ride* both emotionally and financially.

*Al, that's "standard deviation," but I though I'd better simplify it for you.

What you're trying to explain is a concept behind every promotion ever dreampt up by the casinos: make expectation appear mathematically juicy surrounded by textbook theory, then get every possible adv. player in town to participate. THUS MAXIMIZING CASINO PROFITS.

You do understand this, correct forkie? So tell me, who's got the real "expectation" going on here? And without any of that famous, frustrated liberal spin, explain how $50/hour will look to your banker when you try to deposit "expectation". Let me see, I go into the bank and tell the teller I want to make a deposit of $600 because I just "earned" $50/hour for 12 full hours at the SP, even though I just dumped a thou. Even Obama couldn't get away with that. (but that dork Jay Carney would have no problem looking his usual lost and confused self as he tries to lie his way through it to the press).

You have an amazing grasp of the obvious.

But if you're damn good, damn fast, damn smart, and play within your bankroll, you can be one of the few to take advantage of the situation with a strong 100.5% EV opportunity in six days. But albeadle, when I wrote "you," I obviously wasn't talking about YOU, since you don't match the requirements.

And I NEVER play stakes that put a significant part of my net worth at risk. If you've been financially devastated because the long run expected value didn't happen soon enough for you (and I'd bet the FARM that is your story), it just means you were playing for stakes that were too high. Cut back, or quit.

Yeah? What if they put the machines on their cold cycles right before the offer starts? You'll get rinsed!

I use Gain. If you gain you can't lose!