Can you provide any references since any money pooled would have to be in a single name for the casinos to bite on it
I've been gambling for a while and I've never seen any casino with an infinite loss rebate program or even a substantial one. Which casino are you finding this at? I've only seen loss rebates up to like $20 $100 $200 in very rare promotions. Yet you're asking for like a 500k loss rebate lol.
Quote: ConfessorOk well I'll give you the benefit of doubt and trust issues aside. But,
I've been gambling for a while and I've never seen any casino with an infinite loss rebate program or even a substantial one. Which casino are you finding this at? I've only seen loss rebates up to like $20 $100 $200 in very rare promotions. Yet you're asking for like a 500k loss rebate lol.
That's because you have never negotiated one. Nor have I, but it is possible to do. A BJ player in AC made a mockery of the loss rebates a few years ago for well over $500,000. I'm pretty sure you need to put at least that much upfront as good faith money, though. I'm a minnow, this is a game sharks play.
Best of luck to any who team up.
Quote: nj2741Do you mean references to vouch for me?I dont want to control the cash,i would prefer the person who was playing the "whale" to be someone who has an established relationship with the casinos and whos reputation is stellar and beyond reproach.Theres a member here called cwazy who said he knows of three different casinos who would give him a 15% rebate if 500k or more was wagered.He tried to pool some money together with people on another gambling site but apparently they didnt take him seriously.I just messaged him an hour or so ago but its been a couple months since hes been on here so who knows how long it'll take before he responds.There was a high roller here called klimate something who lost his roll playing 1000x odds at riviera a couple years back who I think would be perfect for playing the part of the whale.It wouldnt be out of the norm for him to show up with a half a million and bet big.Im not a math guy can someone tell me the edge one could have with a 15% rebate on a game with 1% house edge
you still didn't answer my question. Which casinos are offering you 20% rebate I'd love to play there myself with my small bankroll and make small bucks.
Probably not the best Idea to put that information out publicly.Quote: Confessoryou still didn't answer my question. Which casinos are offering you 20% rebate I'd love to play there myself with my small bankroll and make small bucks.
That's for sure.Quote: AxelWolfProbably not the best Idea to put that information out publicly.
And "normal" players do not get such offers.
You have to already be established as far as history.
You have to contact the casno to get such a deal and you certainly have to be able to wire them a substantial amount of money just to get them to welcome you.
As to some of those incidents that made headlines, the casino manager's departure rarely makes headlines but word gets around the industry nevertheless, so don't think some casino manager is going to be naive about this sort of stuff.
Casinos are an unforgiving world. Even that poor woman in Mississippi who had spent her life in the industry got edged out when there was a fatal accident that made headlines. So don't think the credit manager won't know his job and the casino manager won't know his job. They know their jobs and they want to hang on to them, so it won't be easy to negotiate a sweet deal.
It is true that some places are run by idiots under a lot of pressure.
Don Johnson's deal was so different than the little glimpse I get of the typical rebate. I tried to check out a $500 slot rebate recently. Johnson had a contract, wow! My cautious nature would want something in writing at least on what the details are but I found out quickly to forget it! Considering a verbal deal, I talked to the supervisor on duty and could only get vague details given without confidence. Not sure if I could use VP. Claimed to think I'd face two trips back but would not give assurance there would not be more. Just wanted to hand me this silly brochure that didn't even admit that there would be at least two trips back. Details about how much leeway I would have for timing trips back was also elusive. I confirmed that they are eager to round down your losses, $499 in losses becomes $450 ... something that was also not on the brochure.
So don't think Don Johnson gave away all his secrets. He must have been a genius at playing these people, and we don't know the cost of the learning curve he underwent either.
His name out there as a quasi source
Assume your win goal is $500k and you have a 50% chance of success (it's going to be worse than that). Essentially you're just flipping a coin to win $500k or lose $425k. You can lose a coin flip several times before winning. And even once you do start winning, you need to keep up a certain win rate so you don't go under.
This kind of stuff, you really need a $10M-50M bankroll, so you can afford to do multiple $500K coin flips.Quote: RSSo you want to put up your $100k with 4 others for a $500k bankroll. The BP plays a session and loses the $500k. You get your 15% back and now a total of $75k bankroll, for $15k a person. Now what do you do? You have enough money to put up another $100k? And again? And again?
Assume your win goal is $500k and you have a 50% chance of success (it's going to be worse than that). Essentially you're just flipping a coin to win $500k or lose $425k. You can lose a coin flip several times before winning. And even once you do start winning, you need to keep up a certain win rate so you don't go under.
One rule of thumb is you shouldn't lose more than 5% of your bankroll on one attempt.
$500K / 5% = $10M.
There are some good webpages analyzing the Don Johnson rebate from both the player & casino sides.
As a player, you want to play very few hands, set exit points on profits, and have "trip by trip" rebates.
As a casino, you want the player to give more action, and to have rebates based on overall performance (rather than trip by trip).
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There are some casinos which offer 3-5% rebates on $2,000-10,000+ losses for smaller action (could be immediate, or given 48-72 hrs later).
Rebates are trip-based (last 24-48 hrs), but they take into account the win/loss from last 1-6 months (varies a lot).
For example, say I won $30K in April 2017, and lost -10K today.
A casino looking at 6 month win/loss might decline to rebate me.
A casino looking at 1 month win/loss might give me $300-500 FP today (or 48-72 hrs later on my "next trip").
Rinse and repeat. You get a cut of your losses back and keep all your winning. Not a bad deal if you can get them to sign off on it.
Feel free to pm me if you really want some pointers
Posting in public is already getting you off on a bad foot
As many of us know there are some things you can to do greatly minimize the variance, It would not be easy to pull off since the casinos are going to be watching for this kind of stuff. Lots of hoops to jump through.Quote: RSSo you want to put up your $100k with 4 others for a $500k bankroll. The BP plays a session and loses the $500k. You get your 15% back and now a total of $75k bankroll, for $15k a person. Now what do you do? You have enough money to put up another $100k? And again? And again?
Assume your win goal is $500k and you have a 50% chance of success (it's going to be worse than that). Essentially you're just flipping a coin to win $500k or lose $425k. You can lose a coin flip several times before winning. And even once you do start winning, you need to keep up a certain win rate so you don't go under.
I think the OP has put the cart before the horse. First one needs to find a place willing to give you a rebate.
Is the OP suggesting xxx has found such a place but he just can't get ahold of him?
A few people here can get ahold of him directly. Now, what happens when the OP gets left out in the cold?
I would certainly not be happy with the OP after reading this thread.
Quote: nj2741Do you mean references to vouch for me?I dont want to control the cash,i would prefer the person who was playing the "whale" to be someone who has an established relationship with the casinos and whos reputation is stellar and beyond reproach.Theres a member here called cwazy who said he knows of three different casinos who would give him a 15% rebate if 500k or more was wagered.He tried to pool some money together with people on another gambling site but apparently they didnt take him seriously.I just messaged him an hour or so ago but its been a couple months since hes been on here so who knows how long it'll take before he responds.There was a high roller here called klimate something who lost his roll playing 1000x odds at riviera a couple years back who I think would be perfect for playing the part of the whale.It wouldnt be out of the norm for him to show up with a half a million and bet big.Im not a math guy can someone tell me the edge one could have with a 15% rebate on a game with 1% house edge
tl;dr There are easier ways to make money.
I vaguely recall talking about this on another site like 6 or 7 years ago when I was still very new at APing. Come to think of it, at the time I may not have even started APing but was starting to consider it. I had some very big (high 6 figure) bankroll swings as a ploppy, and as a result, at the time I was being offered aggressive discounts at many different properties. I'm not even sure if you have the amount of the bankroll or rebate right. I was literally laughed off the forum at the mere suggestion though, so I haven't brought the idea up again since. Thanks for reminding me of it :) .
Unless this forum is very different (many of the same members are here), I don't think you're going to find any takers. Axel is correct though, you also need to have somebody willing to give you the discount. Most of that has dissolved in the last few years, except at the $1MM+ level. I do know somebody (an Asian player) that averages more than 20% discount each trip even today, but that's because they give him a large airfare rebate, early pay discount, etc. He's also down more than $20MM lifetime, so I don't think they watch the percentages very much with him.
The problem is that you will burn these opportunities out quickly if your theoretical loss levels aren't what they want them to be. In practice, there are many problems with trying to AP this way, although Phil Ivey got away with it on craps for many years before he reached into the cookie jar one too many times with his baccarat play. To answer your question, I haven't even broached the subject recently with any hosts, so I don't know if I personally could still get such deals. I doubt it...my image has changed dramatically at most places, and that's not really where my AP efforts are focused these days.
If you want to try this kind of thing, I'd start at smaller levels. Try this and go from there. They have certain machines where their discount is a profitable play. You might also get to experience some of the problems with this kind of play :).
Quote: cwazy
Try this and go from there.
Casino royale has no table games. And loss rebates on slots... eww... just eww...
And it's also per lifetime loss not session loss with no way to reset session whatsoever
Quote: ConfessorQuote: cwazy
Try this and go from there.
Casino royale has no table games. And loss rebates on slots... eww... just eww...
And it's also per lifetime loss not session loss with no way to reset session whatsoever
I take it you have never been to casino royale? Their entire back of the casino is table games.
Casinos doing rebates don't just use lifetime loss (in my limited experience).Quote: ConfessorAnd it's also per lifetime loss not session loss with no way to reset session whatsoever
They may use 1-month, 3-month, or 6-month windows.
P.S. I only have experience with sub-$100K losses, not the Don Johnson multi-million stuff.
Casinos are wise to this, especially after Don Johnson.Quote: billryanSay you start with 100K. You play and are now down 20K, you call it a day and get 25% loss rebate so you have 85K. Next day you win 20K , Now you are 105K even though you are even.
Rinse and repeat. You get a cut of your losses back and keep all your winning. Not a bad deal if you can get them to sign off on it.
Day 1: -20K, get 5K loss rebate. Casino will use the point at which you receive a rebate as a new starting point.
Day 2: +20K
Day 3: You will need to lose -40K, to get 5K loss rebate.
...if you wait 1-6 months after the +20K win, the "starting point" might reset.
Day 92: -20K, get 5K loss rebate. OR -40K, get 10K loss rebate.
????????????????????????????Quote: FleaStiffPeople who are able to accumulate the initial seed capital probably are smart enough to steer clear of this sort of risky scheme.
Quote: WizardofnothingMaybe he meant rebate. Not good on tables
Yeah that's what I meant, no table games allowed for rebates and slots are just eww
Quote: AxelWolfsigh.
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Quote: BlackjackGuy123should do blackjack card counting team instead more profitable
Sure, because finding fifteen or so honest players is a piece of cake.
This is a great story about putting together a team of strangers
https://www.goodreads.com/book/show/12374496-the-law-of-large-numbers
Quote: billryanSure, because finding fifteen or so honest players is a piece of cake.
I didn't realise you needed so many people for a blackjack card counting team. isnt it more like half of that?
Another smaller team fell apart when one player consistently was underperforming, and accused of skimming.
As if she will have time to spot anything while on a team of what usually consists of white red blooded American males.Quote: BlackjackGuy123typically some 5 foot tall asian girl.
Fact, I have yet to meet a black AP. I know of some but never met any. I have met one Mexican couple.
Women are few and far between.
You probably think Obama is black. (-:Quote: billryanAfter years of posting with an AP on Ken Smiths old boards, I finally met up with him and was surprised to find he was black. It never came up but just assumed he wasn't . Didn't your friend recently reveal that he was black?
https://www.youtube.com/watch?v=DerVmiZeUDw
O’Leary, O’Reilly, O’Hare and O’Hara
There’s no one as Irish as Barack O’Bama
From the ould Blarney stone to the green hills of Tara
There’s no one as Irish as Barack O’Bama
Two thousand and eight, the White House is free
They’re cheering in Mayo, and in Skibereen
The Irish in Kenya and in Yokahama
Are cheering for president Barack O’Bama
O’Leary, O’Reilly, O’Hare and O’Hara
There’s no one as Irish as Barack O’Bama
From the ould Blarney stone to the green hills of Tara
There’s no one as Irish as Barack O’Bama
The hockey mom’s gone, and so is McCain
They’re cheering in Texas and Borrisokane
In Moneygall town, the greatest of drama
For our famous president, Barack O’Bama
Toor a loo, toor a loo, toor a loo toor a lama
There’s no one as Irish as Barack O’Bama
Quote: AxelWolfAs if she will have time to spot anything while on a team of what usually consists of white red blooded American males.
Fact, I have yet to meet a black AP. I know of some but never met any. I have met one Mexican couple.
Women are few and far between.
Have you met APs of every other race?
Quote: AxelWolfAs if she will have time to spot anything while on a team of what usually consists of white red blooded American males.
Fact, I have yet to meet a black AP. I know of some but never met any. I have met one Mexican couple.
Women are few and far between.
Is come across some of each and a few other ethnicities.
That was when Rudeboioi and I were there together, so he might remember that if he is still around. For all I know, it may be the only play they've ever done in their lives (as I don't know them personally) but no question the play was advantageous.
I've also seen multiple African-Americans vulturing UX in my general area at one casino, but don't really know if those specific gentlemen are aware of any other AP plays.
Quote: Mission146I've also seen multiple African-Americans vulturing UX in my general area at one casino, but don't really know if those specific gentlemen are aware of any other AP plays.
UX is probably the easiest AP play that civilians figure out. It's painstakingly obvious. Must hit bys are probably a close second. But those being at the proper point to play are rarer. It's been years since I've had an opportunity on one. Ploppies play them way to low and just keep going for more money and never leave them at a high enough point.