Video Poker Help Calculating Promo Value at South Point

[jimboguy]

In November, South Point is running a promo where you can redeem $25 in points for a $50 Smith's gift card (Smith's is a grocery store chain that exists where I live and I shop there regularly).

On Thanksgiving Day, South Point is offering 2x points on VP. On this day, 1,000 points will equal $6.
http://southpointcasino.com/current-promotions

At South Point, $1 coin in = 1 point

If I play quarter 9/6 Bonus Poker Deluxe (99.64% return), how much of an increase in EV is available on this Thanksgiving Day promo combo of a $50 gift card for $25 in points plus 2x points on VP?
I anticipate running enough coin-in to be able to redeem one gift card (~ $4,200 coin in).

Thank you for any insight you can provide.

 

[tringlomane]

It acts like quadruple points since you're getting double points and double value on your points. Points are normally worth 0.3% coin in. So it's worth 1.2% overall.

So this makes 9/6 Bonus Deluxe worth 100.84% overall. So the overall value of $4200 coin-in is $35.28 before errors. But you need a royal or an above average run of quads to ensure a profit of course.

 

[jimboguy]

Thanks, Tringlomane.

One thing I need to find out from South Point is whether or not double points will count toward the gift card promo. I wouldn't be surprised if only base points and not bonus points count toward being able to redeem the gift cards.

Even without the double points, though, if I value the $50 gift card as $50 I think what you're telling me is the points will be worth 0.6% coin in and will make 9/6 Bonus Deluxe worth 100.24% overall.

 

[tringlomane]

Thanks, Tringlomane.

One thing I need to find out from South Point is whether or not double points will count toward the gift card promo. I wouldn't be surprised if only base points and not bonus points count toward being able to redeem the gift cards.

Even without the double points, though, if I value the $50 gift card as $50 I think what you're telling me is the points will be worth 0.6% coin in and will make 9/6 Bonus Deluxe worth 100.24% overall.

Looking at SP's website and clicking on the smith's promo link, looks like you need 8333 base points to get one Smith's card. So you need to run $8333 coin in ($25 in base points) to get the card, but you should also have $25 in extra points left over thanks to double points.

So in that case you get $75 total in value for $8333 coin in or $75/$8333 = 0.9% of coin in.

So that makes 9/6 Bonus Deluxe 100.54% after promos, which yields an average value of $45 after playing double the coin-in that you originally hoped.

And have a fat tire or two grinding at the bar for me! Haha

 

[jimboguy]

Ah, yes. I failed to recognize that I'd still have $25 in extra points. Thanks.
$8333 coin in may be too difficult to reach for an afternoon of quarter VP, but I may give it a shot anyway.
I do like playing Bonus Deluxe. In fact, you were the one who told me about the game and its strategy variances from JoB a few years ago. This was back when Suncoast still had 9/6 Bonus Deluxe at their bars.

Thanks again for sharing your insight with me and the rest of the board.

 

[Jejas]

Not try to discourage you and I do understand the EV thing.
Last couple of times when I had very similar opportunities I tried my best and the results
were always on the other side. Instead of winning $X, I lost more than $10X.
As Tring said, unless you get a Royal or lots of Quads, very hard to come out ahead.

 

[jimboguy]

Not try to discourage you and I do understand the EV thing.
Last couple of times when I had very similar opportunities I tried my best and the results
were always on the other side. Instead of winning $X, I lost more than $10X.
As Tring said, unless you get a Royal or lots of Quads, very hard to come out ahead.

Yes, I certainly understand. However, I am going to be playing VP anyway. So, why not play somewhere that I like to play that also offers a higher EV than another casino?

 

[tringlomane]

Ah, yes. I failed to recognize that I'd still have $25 in extra points. Thanks.
$8333 coin in may be too difficult to reach for an afternoon of quarter VP, but I may give it a shot anyway.
I do like playing Bonus Deluxe. In fact, you were the one who told me about the game and its strategy variances from JoB a few years ago. This was back when Suncoast still had 9/6 Bonus Deluxe at their bars.

Thanks again for sharing your insight with me and the rest of the board. [emoji481]

No problem. And I remember. Took a nice beating at Suncoast right before those got downgraded. Doh.

Quarters only for the day would be pretty ambitious unless you're really fast (it's 6667 quarter hands total). I wouldn't want to play that long I think. I would consider getting on the 9/6 Jacks nickel 50-play (if it's open) and crank up the total bet if you're trying to get it done in less than 5 hours.

But at least you're getting 0.6% coin-in back regardless if you make it or not.