nj2741
nj2741
Joined: Sep 8, 2016
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June 24th, 2017 at 9:14:48 PM permalink
Hello all long time lurker first time poster.In a nutshell i would like to start a Loss rebate team and pool our money together(500k) to take on the casinos in a low house edge game(craps,baccarat,blackjack)I figure if we have 500k we will get up to a 20% rebate which will give us a substantial edge over the casino.Im dead serious about this,i have a 100k id be willing to invest in this venture.message me if interested
Wizardofnothing
Wizardofnothing
Joined: Jul 3, 2015
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June 24th, 2017 at 9:53:35 PM permalink
Good idea. Welcome to the forum
Can you provide any references since any money pooled would have to be in a single name for the casinos to bite on it
No longer hiring, donít ask because I wonít hire you either
Confessor
Confessor
Joined: Jun 24, 2017
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Thanks for this post from:
odiousgambit
June 24th, 2017 at 10:49:32 PM permalink
Ok 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.
billryan
billryan
Joined: Nov 2, 2009
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June 24th, 2017 at 10:58:19 PM permalink
Quote: Confessor

Ok 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.
The difference between fiction and reality is that fiction is supposed to make sense.
nj2741
nj2741
Joined: Sep 8, 2016
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June 24th, 2017 at 11:25:47 PM permalink
Do 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
Confessor
Confessor
Joined: Jun 24, 2017
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June 24th, 2017 at 11:44:44 PM permalink
Quote: nj2741

Do 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.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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June 24th, 2017 at 11:48:00 PM permalink
Quote: Confessor

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.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
billryan
billryan
Joined: Nov 2, 2009
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June 24th, 2017 at 11:55:46 PM permalink
Make some phone calls, offer a half million up front money and see what doors are opened for you.
The difference between fiction and reality is that fiction is supposed to make sense.
nj2741
nj2741
Joined: Sep 8, 2016
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June 24th, 2017 at 11:57:25 PM permalink
I dont know, cwazy said he knew of three casinos and who to contact there that would give him a 15% rebate if 500k or more was wagered,i believe he was telling the truth, why would an anonymous person lie about something so trivial.Do me a favor and google don johnson atlantic city 15 million just so you can see that this has been done before.These casinos cater to high rollers not some hump who walks in with 2k in small bills, so good luck negotiating a rebate with less than low six figures.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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June 25th, 2017 at 4:07:37 AM permalink
Quote: AxelWolf

Probably not the best Idea to put that information out publicly.

That's for sure.

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.

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