Unusual gambling 50% off scenario
September 8th, 2020 at 11:10:03 PM
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Hello Wizard and all!
I'm new here, i hope you won't see it rude i start with so many questions and such a big post 🙏
I Was looking for answers for big questions for unusual gambling scenario i got into , and that place seems the only place in the net that will give me professional logic answers with integrity.
As recent events in Asia, there are people that selling there account in 40%-50% of what is worth.
As a group we just bough big account and we desperate for getting our chances better as possible.
(we profitable already so far but scared that we might wipe it out )
There are few Restrictions :
1.you not allow to cash out the chips you bought, you must play with them only and keep them in the casino, only the positive allowed to be cash out daily.
2.what ever you win in the day, you can cash out.
3.you allow to cash out once in 24 hours.
4.Min bet 500usd, Max 50,000usd
Total amonth bought 200,000 usd.
5. can play Baccarat only.
My questions :
1.any preferred gambling strategy for that scenario?
(Oscar, D'Alembert ect.)
2.what should be my daily goal?
3.what is my maximum daily loses should be?
4.what should be my unit size if I want to make around 10,000-20,000 usd profit per day?
5.what the edge for the long run is on for me? And if so, what is it?
Thanks for the reading so far.
Will highly appreciate your thoughts on this.
P.S
3.5 % of profits going to our families feeding foundations in the south of a Asia
So there is a good cause here as well 😁
If there is someone that can suggest consult with payment that will be great as well.
I'm new here, i hope you won't see it rude i start with so many questions and such a big post 🙏
I Was looking for answers for big questions for unusual gambling scenario i got into , and that place seems the only place in the net that will give me professional logic answers with integrity.
As recent events in Asia, there are people that selling there account in 40%-50% of what is worth.
As a group we just bough big account and we desperate for getting our chances better as possible.
(we profitable already so far but scared that we might wipe it out )
There are few Restrictions :
1.you not allow to cash out the chips you bought, you must play with them only and keep them in the casino, only the positive allowed to be cash out daily.
2.what ever you win in the day, you can cash out.
3.you allow to cash out once in 24 hours.
4.Min bet 500usd, Max 50,000usd
Total amonth bought 200,000 usd.
5. can play Baccarat only.
My questions :
1.any preferred gambling strategy for that scenario?
(Oscar, D'Alembert ect.)
2.what should be my daily goal?
3.what is my maximum daily loses should be?
4.what should be my unit size if I want to make around 10,000-20,000 usd profit per day?
5.what the edge for the long run is on for me? And if so, what is it?
Thanks for the reading so far.
Will highly appreciate your thoughts on this.
P.S
3.5 % of profits going to our families feeding foundations in the south of a Asia
So there is a good cause here as well 😁
If there is someone that can suggest consult with payment that will be great as well.
September 8th, 2020 at 11:14:41 PM
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Can you explain what you mean by buy an account?Quote: NegroniHello Wizard and all!
I'm new here, i hope you won't see it rude i start with so many questions and such a big post 🙏
I Was looking for answers for big questions for unusual gambling scenario i got into , and that place seems the only place in the net that will give me professional logic answers with integrity.
As recent events in Asia, there are people that selling there account in 40%-50% of what is worth.
As a group we just bough big account and we desperate for getting our chances better as possible.
(we profitable already so far but scared that we might wipe it out )
There are few Restrictions :
1.you not allow to cash out the chips you bought, you must play with them only and keep them in the casino, only the positive allowed to be cash out daily.
2.what ever you win in the day, you can cash out.
3.you allow to cash out once in 24 hours.
4.Min bet 500usd, Max 50,000usd
Total amonth bought 200,000 usd.
5. can play Baccarat only.
My questions :
1.any preferred gambling strategy for that scenario?
(Oscar, D'Alembert ect.)
2.what should be my daily goal?
3.what is my maximum daily loses should be?
4.what the edge for the long run is on for me? And if so, what is it?
Thanks for the reading so far.
Will highly appreciate your thoughts on this.
P.S
3.5 % of profits going to our families feeding foundations in the south of a Asia
So there is a good cause here as well 😁
If there is someone that can suggest consult with payment that will be great as well.
♪♪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♪♪
September 8th, 2020 at 11:18:15 PM
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Basically I buying someone chips that he can't realse from the janket.
Hard to explain the reason but basically i bought the 100,000 usd in 50,000 usd.
Hard to explain the reason but basically i bought the 100,000 usd in 50,000 usd.
September 9th, 2020 at 12:14:01 AM
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Just flat bet $500 a hand on banker until you've converted all the dead chips to cashable chips, cash them out, and never return
Why would you need a system?
Why would you have a daily goal?
Why would you have a max daily loss?
Why are you talking about daily profits?
The chips are worth about 97.63% of face value according to https://wizardofodds.com/gambling/promotional-chips/
Why would you need a system?
Why would you have a daily goal?
Why would you have a max daily loss?
Why are you talking about daily profits?
The chips are worth about 97.63% of face value according to https://wizardofodds.com/gambling/promotional-chips/
September 9th, 2020 at 12:24:23 AM
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I can't convert them.
It's will give me to cash out only my positive from the day.
It's will give me to cash out only my positive from the day.
September 9th, 2020 at 12:32:22 AM
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I have no idea what you're talking about then. I assumed you meant when you bet the dead chip you receive a cashable chip if you win, keeping the dead chip to bet again. If you lose you lose the dead chip.
If it's some other bizarre thing then you probably got ripped off.
If it's some other bizarre thing then you probably got ripped off.
September 9th, 2020 at 1:14:28 AM
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Quote: NegroniHello Wizard and all!
I'm new here, i hope you won't see it rude i start with so many questions and such a big post 🙏
Hi and welcome to the forum. You are only allowed one user Id here, so I disabled the other one created at the same time from the same IP address.
I've no problem with the long post, though it's a bit ambiguous. Do I understand that for any winning day, you can cash out your profit but only your profit. If you made one single wager of $10,000 on a winning even money bet, do you get to cash out $10,000 and get to keep the stake chip as well?
If you do get to keep the stake chip, then I estimate your return >90% of the nominal account value. If they retain the stake chip, return is under 50%
Not going to analyse further until you explain further.
Methinks you should have done the maths before buying the 'accounts'. I reckon you got ripped off.
Last edited by: OnceDear on Sep 9, 2020
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
September 9th, 2020 at 1:59:25 AM
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Quote: sabreI have no idea what you're talking about then. I assumed you meant when you bet the dead chip you receive a cashable chip if you win, keeping the dead chip to bet again. If you lose you lose the dead chip.
If it's some other bizarre thing then you probably got ripped off.
We haven't been rip off.
That for sure. 😊
September 9th, 2020 at 2:15:18 AM
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Why don't you answer the simple questions that would enable us to give you the analysis that you asked for?Quote: NegroniWe haven't been rip off.
That for sure. 😊
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
September 9th, 2020 at 2:47:45 AM
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Hi there!
Sorry for the double account I just didn't want my full name here and it's can't be changed.
My apologies.
So basically if we get to the table with 100,000 worth of chips,
If we betting and getting to 110, 00 i can leave with only the 10,000 cash (might need to commsion 5% for all)
The other 100,000 stay in the account.
If I lose and reach 80,000 $ meaning I lost 20,000 i need to pay to the chip owner account 50% meaning 10,000$.
I know it's sound rip off, but that happened due account that can't and don't play anymore
The deal isn't from the casino its from the account chip owner.
We already done it before and earn pretty good money, that unique opportunity,but I wanted to make our profit even better.
Hope I made myself clear, as you probably noticed English isn't my first language.
Sorry for the double account I just didn't want my full name here and it's can't be changed.
My apologies.
So basically if we get to the table with 100,000 worth of chips,
If we betting and getting to 110, 00 i can leave with only the 10,000 cash (might need to commsion 5% for all)
The other 100,000 stay in the account.
If I lose and reach 80,000 $ meaning I lost 20,000 i need to pay to the chip owner account 50% meaning 10,000$.
I know it's sound rip off, but that happened due account that can't and don't play anymore
The deal isn't from the casino its from the account chip owner.
We already done it before and earn pretty good money, that unique opportunity,but I wanted to make our profit even better.
Hope I made myself clear, as you probably noticed English isn't my first language.
September 9th, 2020 at 3:57:43 AM
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Did i miss any of your questions?
September 9th, 2020 at 4:43:20 AM
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Seems that he keeps the played chip if he wins, but can't cash it. Bet $100,000, lose $51,500, win $49,500, which is cashable, and still have $49,500 to play with. Even money after $50,000 purchase expense and all future wins are profit.
Someone either has a really good thing going and doesn't know it or is about to offer some action.
ZCore13
Someone either has a really good thing going and doesn't know it or is about to offer some action.
ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
September 9th, 2020 at 4:55:25 AM
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I suspect the latter.Quote: Zcore13
Someone either has a really good thing going and doesn't know it or is about to offer some action.
ZCore13
OP, is this a bricks and mortar casino? Or online?
Any reason you cannot wager the entire balance over the course of one day, say 100 wagers, each with 1% of the virtual chips? Or does account get re-credited with any cash winnings after each hand and only any end of of day profit is removable?
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
September 9th, 2020 at 6:14:53 AM
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Real mortar casino.
We allow tp cash out only once in a day and only on our profit
We allow tp cash out only once in a day and only on our profit
September 9th, 2020 at 6:41:12 PM
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Welcome, negroni.imo you're doing pretty well with the English, so let's keep refining.
Ok, so: You paid 50k to "purchase"100k in play.
Day 1. Starting bankroll: $100k You play, End the Session $120k. You cash out $20k.
Day 2. Starting bankroll: $100k. You play, end the session $80k. You pay someone (account owner?) $10k back into the bankroll. He puts the other $10k back in from what you paid for the account up front?
Day 3. Starting bankroll $xxxk? Restored to 100k? Starting at 90k? Starting at 80k?
What I think you've described so far is, you get the use of the 100k for 50% of value.
You cash out 100% of positive play in a day.
You owe further, 50% of losses end of day.
The bankroll stays refreshed at 100k, half from you, half from the owner. He got half his value up front. But where does he get the rest of his value out? I realize his bankroll is trapped from him somehow, but is that money ever able to be withdrawn?
Ok, so: You paid 50k to "purchase"100k in play.
Day 1. Starting bankroll: $100k You play, End the Session $120k. You cash out $20k.
Day 2. Starting bankroll: $100k. You play, end the session $80k. You pay someone (account owner?) $10k back into the bankroll. He puts the other $10k back in from what you paid for the account up front?
Day 3. Starting bankroll $xxxk? Restored to 100k? Starting at 90k? Starting at 80k?
What I think you've described so far is, you get the use of the 100k for 50% of value.
You cash out 100% of positive play in a day.
You owe further, 50% of losses end of day.
The bankroll stays refreshed at 100k, half from you, half from the owner. He got half his value up front. But where does he get the rest of his value out? I realize his bankroll is trapped from him somehow, but is that money ever able to be withdrawn?
If the House lost every hand, they wouldn't deal the game.
September 9th, 2020 at 7:58:27 PM
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Thanks Beachbumbabs.
The bankroll isn't stays refreshed at 100k, the 100k
Is the total amonth I have this deal for (I might be able to get more in the future but for now it's only 100k)
So for your example it's start at 80k after I pay him 10k
The first money can never be able to return, so must be play untill its wipe out completely.
The bankroll isn't stays refreshed at 100k, the 100k
Is the total amonth I have this deal for (I might be able to get more in the future but for now it's only 100k)
So for your example it's start at 80k after I pay him 10k
The first money can never be able to return, so must be play untill its wipe out completely.
September 14th, 2020 at 9:01:00 AM
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Any way you guys csn help me out?
Unless you have more things i need to clear out 😁
Unless you have more things i need to clear out 😁
September 14th, 2020 at 10:26:32 AM
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If I were in your circumstances, I'd try to see what someone would pay to take it over. Turn your 50K into 80K and never look back.
The older I get, the better I recall things that never happened
September 14th, 2020 at 10:35:10 AM
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Sadly, it is still not clear what the rules are.
Answer these questions, and maybe it will become clear. Forget table limits; it is the concept that matters.
1. If you bet $100k on one hand of player, and win, and do not gamble any more, what happens?
2. If you bet $100k on one hand of player, and lose, and do not gamble any more, what happens?
Answer these questions, and maybe it will become clear. Forget table limits; it is the concept that matters.
1. If you bet $100k on one hand of player, and win, and do not gamble any more, what happens?
2. If you bet $100k on one hand of player, and lose, and do not gamble any more, what happens?
September 14th, 2020 at 10:38:20 AM
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Sounds like:Quote: SOOPOOSadly, it is still not clear what the rules are.
Answer these questions, and maybe it will become clear. Forget table limits; it is the concept that matters.
1. If you bet $100k on one hand of player, and win, and do not gamble any more, what happens?
2. If you bet $100k on one hand of player, and lose, and do not gamble any more, what happens?
1. He wins $100k in real value (cash/real chips/whatever) that he can cash out. The promotional chips stay and don't convert. So now he has $100k in promo chips, and $100k in cash he can cash out over however long it takes to cash out with the daily limits.
2. He loses the promotional chips, AND must pay "someone" else $50k in real cash.
3. Don't forget he already paid $50k upfront for the $100k in chips though. Thus in (2) losing and paying only $50k, he already also paid $50k for the chips, so still down $100k.
I may have misread quickly, but it sounds like there isn't an edge. It sounds like you're paying $50k for $100k in PROMOTIONAL CHIPS that are worth 50% face value, since they can never be cashed out. Thus, you paid $50k for an expected value of $50k... BUT you have to play them through a game with a house edge. Thus, it just sounds like a good way for the casino to enforce that you play at least $50k through on their casino games.
Example...
- Pay $50k, get $100k in promotional chips.
- Play a $10k chip... if you a) win - you win $10k - house edge. Lose, if you lose you lose the chip AND owe $5k. Remember the chip (since it can't be converted) is only worth $5k off the top. Thus, when you lose $10k chip, you really do lose $10k in value... again, minus the House Edge (so a little more).
Thus, to me it looks like you're just gambling with no real added value.
Playing it correctly means you've already won.
September 14th, 2020 at 11:35:13 AM
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Will try to make it clear 😁
1.i get 100k.
2.i lose 100k, if i cash out i need to pay only 55k
1.i get 100k.
2.i lose 100k, if i cash out i need to pay only 55k
September 14th, 2020 at 12:05:40 PM
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Quote: NegroniWill try to make it clear 😁
1.i get 100k.
2.i lose 100k, if i cash out i need to pay only 55k
You are NOT fully answering!!!!!!!!!!!!!!!
Are you saying to question 1, "I cash out for $100k, but have made a profit of $50k because I already had to pay $50k for the chips. I (do?) or (do not?) still have the $100k in promotional chips and can make more bets?
2. HOW CAN YOU CASH OUT IF YOU LOST THE BET???????
WHY CAN"T YOU CLEARLY TELL US THE TERMS????????????
We are trying to help!!!!!!!!!!!!!!!!!!!!!
September 14th, 2020 at 12:38:48 PM
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No no...
I pay only after half, not 50% before
Only 55% after
I pay only after half, not 50% before
Only 55% after
September 14th, 2020 at 1:14:08 PM
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Cash out meaning i stop playing during this game.
No pay up infont, just after.
No pay up infont, just after.
September 15th, 2020 at 12:28:16 PM
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Thankyou your information
September 15th, 2020 at 12:28:51 PM
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Yoour trik?
September 15th, 2020 at 2:47:27 PM
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Brami11 and his two other Id's nuked. I don't yet know what mischief they had in mind. Stooges in a long con?
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
September 17th, 2020 at 6:04:06 PM
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I have no idea what happened here....
Did you guys really don't understand or just think I'm kind of a scammer?
Did you guys really don't understand or just think I'm kind of a scammer?
September 17th, 2020 at 8:54:52 PM
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I thought you were a scammer. You never answered the various questions that would let people analyze the situation.Quote: NegroniI have no idea what happened here....
Did you guys really don't understand or just think I'm kind of a scammer?
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
September 17th, 2020 at 11:26:46 PM
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Quote: NegroniI have no idea what happened here....
Did you guys really don't understand or just think I'm kind of a scammer?
I don't know if it's a language barrier or what but you've been completely unable to describe the promotion for which you're seeking analysis.
September 18th, 2020 at 2:21:43 AM
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How can I be a scammer if I can't offer you even something?
When I will then try to suspect but I won't.
It's easy to understand...
I get chips, in the end of the day of betting, if I lose
I pay only 55% from what I lost.
If I win, I get 95% from the wining.
Can do that once in 24 hours
When I will then try to suspect but I won't.
It's easy to understand...
I get chips, in the end of the day of betting, if I lose
I pay only 55% from what I lost.
If I win, I get 95% from the wining.
Can do that once in 24 hours
September 18th, 2020 at 5:06:24 AM
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Quote: NegroniHow can I be a scammer if I can't offer you even something?
When I will then try to suspect but I won't.
It's easy to understand...
I get chips, in the end of the day of betting, if I lose
I pay only 55% from what I lost.
If I win, I get 95% from the wining.
Can do that once in 24 hours
Okay, so you get a particular amount (200K, right?) in chips, and if you lose any of them, then you pay 55% of that.
In the event that you win, you get to keep 95% of whatever the profits are, but not of the initial chips.
Do you pay anything upfront for the chips, or only when you're done playing if you lose?
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
September 18th, 2020 at 7:29:28 PM
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Only after I lose
September 18th, 2020 at 7:39:32 PM
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In other words you are saying you get a 45% loss rebate each session?Quote: NegroniOnly after I lose
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
September 18th, 2020 at 7:40:47 PM
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I can pay or take my win once in 24 hours
September 18th, 2020 at 9:31:35 PM
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Wasn't it 50% pay on loss before, and keep all winnings?
...time to exit this thread.
...time to exit this thread.
Playing it correctly means you've already won.
September 18th, 2020 at 11:03:22 PM
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It's just changed, but it's that really matter the odds and the system I suppose to follow?
September 19th, 2020 at 5:57:57 AM
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Quote: NegroniIt's just changed, but it's that really matter the odds and the system I suppose to follow?
I see the table max is 50k, can you lose once and pay the percentage then quit for the day?
I’ll probably work on this a bit later, just trying to make sure I completely understand the rules.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
