Four Winds ( Near Chicago ) Loss Rebate Promo

Just got back from Four Winds. A buddy and I went there for the $400 loss rebate promotion. From reading this thread we were under the impression that we just had to cycle through $400 worth of losses to get the rebate. This is untrue. You need to lose $400 to get the rebate, like stop playing when you are down $400. They were very clear about that when they explained the offer. You can stop at any time and get a smaller rebate, but it is based on your net loss for the day. Sorry to beat this to death but I want to way this works to be clear to people who read this thread in the future since it wasn't clear to us.

We decided to use the highest variance strategy we could find. I did two $200 pulls, lost. My friend made 5 $100 pulls (he had a small win.) We will be back to recoup our losses once we get the rebate. Even though we lost, I feel like it is the highest EV play we have ever made in a casino.

I have to disagree with the comment about the buffet being bad. I was initially upset that it cost $25 but everything I had was AWESOME. It was worth it.

We are still waiting for our Rebate Letter.

I didn't know the exact details on the way the loss was calculated,
but it also may have changed over time.

My "strategy" was to play Jacks or Better VP and try to hit a Royal
and then NOT need the Loss Rebate. That didn't happen. So
we'll be going back sometime. I went from 25 cents to the $1
level of play. It seemed like I would have had to play "forever"
to lose $ 400 on a 25 cent machine ( $ 1.25 per VP hand ).

So the Rebate Promo came in the Mail
about 2 weeks after our first visit, and
you have about 5 weeks to use it before
it expires. I played and lost the entire
$ 400 on my first visit.

Details of the Mailing:

$ 400 Rebate in Free Play
$ 125 Additional Free Play good on a single Wedn in Feb
====
$ 525 ! ! !

+ a Free Hotel Room, good even on weekends.


So my brother and I went back this past Sunday,
since we were sortof in the area anyway for our
Mom's 90th birthday.

We each played the $ 400 thru once on the 8/5
Jacks or Better, because we wanted enough
hands to get close to the Expected Return.

After playing exactly $ 400 thru ( the machine
has a count-down meter that shows you
exactly where you are ), I cashed out with
$ 398.75, which I was quite pleased with.

My brother did even better, ending up
about $ 35 ahead, having gotten off to
a good start with a couple of Full Houses
pretty quickly.

The promo worked exactly as I had hoped
it would, you just have to play it through
once, and then you can cash out.

We continued to play after the promo
was done, and I ended up losing about
$ 50 doing that, which still left me with
the $ 350.

The hotel room was also very nice,
the place is relatively new and they
are doing a nice job keeping it in
good condition.

This is the best promo I have ever
seen ! THANKS to TEDDYS, I think,
for mentioning it on this site.

Quote: JohnnyQ

After playing exactly $ 400 thru ( the machine
has a count-down meter that shows you
exactly where you are ), I cashed out with
$ 398.75, which I was quite pleased with.
.

So you spent $400 to get back $398? Congratulations? Think I'll stay home instead..

Quote: EvenBob

So you spent $400 to get back $398? Congratulations? Think I'll stay home instead..

You're ignoring the fact that they could have won with the first $400 they lost. I think the rebate worked very well. I'm hoping to use it for myself soon. Trying to figure out what the best strategy is.

Quote: FinsRule

You're ignoring the fact that they could have won with the first $400 they lost.

But then they wouldn't have gotten the rebate.

Quote: EvenBob

But then they wouldn't have gotten the rebate.

This is emblematic of the basic misunderstanding you see every time someone talks about a loss rebate.

OBVIOUSLY (duhhhhhhh.....) the best outcome would have been that the player won, and didn't need the rebate at all. Having to get the rebate was not the optimal result; in fact, it was the worst one. The value of the rebate was that the worst possible outcome was, instead of losing, that the player got his money back in the form of the rebate. It's better to lose $0 than $400.

Quote: JohnnyQ

This is the best promo I have ever
seen ! THANKS to TEDDYS, I think,
for mentioning it on this site.

You're welcome! You did well. You are ahead from the hotel room (did you get the suite?) and the extra $125. Plus you were able to hold onto most of the cash, unlike me :0 Keep a lookout for more cash offers in the future.

By the way, I was there this weekend (playing All-in Hold 'Em), and when I asked for a meal comp, they said I was "in the negative." Translation: I am not a money maker for them.

Quote: teddys

You're welcome! You did well. You are ahead from the hotel room (did you get the suite?) and the extra $125. .

You should have run the $125 thru the Bally Roulette machine, they have them at 4 Winds. You could have gotten $125 in cash plus the free room.

Is the roulette machine 0, or 00?