Negroni
Negroni
Joined: Sep 8, 2020
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September 9th, 2020 at 3:57:43 AM permalink
Did i miss any of your questions?
Zcore13
Zcore13
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September 9th, 2020 at 4:43:20 AM permalink
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
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.
OnceDear
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OnceDear
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September 9th, 2020 at 4:55:25 AM permalink
Quote: Zcore13


Someone either has a really good thing going and doesn't know it or is about to offer some action.
ZCore13

I suspect the latter.

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?
Take care out there. Spare a thought for the newly poor who were happy in their world just a few days ago, but whose whole way of life just collapsed..
Negroni
Negroni
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September 9th, 2020 at 6:14:53 AM permalink
Real mortar casino.
We allow tp cash out only once in a day and only on our profit
beachbumbabs
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beachbumbabs
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September 9th, 2020 at 6:41:12 PM permalink
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?
If the House lost every hand, they wouldn't deal the game.
Negroni
Negroni
Joined: Sep 8, 2020
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Thanks for this post from:
beachbumbabs
September 9th, 2020 at 7:58:27 PM permalink
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.
Negroni
Negroni
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September 14th, 2020 at 9:01:00 AM permalink
Any way you guys csn help me out?

Unless you have more things i need to clear out 😁
billryan
billryan
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Thanks for this post from:
SOOPOO
September 14th, 2020 at 10:26:32 AM permalink
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.
SOOPOO
SOOPOO
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September 14th, 2020 at 10:35:10 AM permalink
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?
Romes
Romes
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September 14th, 2020 at 10:38:20 AM permalink
Quote: SOOPOO

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?

Sounds like:
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.

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