1k Blackjack Loss Rebate

Hi, trying to figure out the value of a 1k blackjack loss rebate. You receive 100% of your first visit loss up to 1000 dollars. You receive the rebate in the form of cash picked up at the cage with half being available in 2 weeks and the other half being available in one month. How would you calculate an optimal stopping point for a promo like this?

Quote: dory364

Hi, trying to figure out the value of a 1k blackjack loss rebate. You receive 100% of your first visit loss up to 1000 dollars. You receive the rebate in the form of cash picked up at the cage with half being available in 2 weeks and the other half being available in one month. How would you calculate an optimal stopping point for a promo like this?

I suppose it could be a lot more complicated, but my stop loss point would be 1000. I think a better question is, with the cushion of the 100% loss rebate, what should your stop win be? Are sidebets included in the blackjack losses?

You should be able to expose much more than 1000, so earning perhaps some nice comps.

I am not an expert in these things.

I’ll find out regarding the side bets as I’d imagine it’d be beneficial to bet them. They have in between, lucky ladies, 21+3 xtreme, and the blazing 7 progressive at the 5 dollar level

Quote: dory364

Hi, trying to figure out the value of a 1k blackjack loss rebate. You receive 100% of your first visit loss up to 1000 dollars. You receive the rebate in the form of cash picked up at the cage with half being available in 2 weeks and the other half being available in one month. How would you calculate an optimal stopping point for a promo like this?

Slightly different situation, but I evaluated a loss rebate in my blog. There are useful links out from the comments.
Your offer has a MAX benefit of 1000 - (cost of going back and forth.) You should probably aspire to gain 500+ and then be happy.
Seems a good offer. Read the small print twice. Wagering requirements or restrictions?

Doesn’t sound like an online casino since you talk about the cash cage. So how do they verify how much you won or lost during that first visit ?

You use your players card and I guess it wouldn’t hurt to double check with the floor manager at the end to make sure he has you in for the full amount. They’ve been pretty good logging in the correct amounts.