I have read or heard that matchplays are worth approx' half the value of the coupon. ie $25 matchplay is worth $12.50.
It is actually worth a few cents less than 50% of face value, but it is close enough.
How does one calculate the value of an alternate play coupon?
If you are referring to the coupons that require you to make a normal bet of the same amount on one or more hands before you can use the match play coupon, the EV of the coupon is reduced only by a few cents -- the amount of the expected loss on the qualifying hands before you can use the coupon. The only negatives about alternate play coupons (such as the ones in Casino Perks) vs. regular match plays is that it takes a couple of extra minutes to play the qualifying hands, and the variance is increased because of the additional hands. Of course, the variance on a few hands is a concern only to those with tiny bankrolls. Alternate play coupons are fine, use them.
Thanks for the info Bear, I did indeed have the casino perks coupons in mind. But with the gambling side of the coupons not being as strong as they used to be I thought I had better check out the value of those alternate plays.
You might consider checking out www.lasvegasadvisor.com and buying there POV coupon book. Not sure if it qualifies as best but last years book had a $50 'all purpose' coupon for the Palms which covers the cost of the POV alone.
I have not got the 2005 POV yet, but go check it out and see if the coupons provided will suit you.