The Adventures of MDawg II

Pretty heavy action:

-$50K

+$121K

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

+$53K

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

+$55K

It’s a beautiful thing. And it’s my thing.

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

+$38K

This leg of streak continues.

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

What is your average session length (time)?

Is the time mostly pre planned or more a function of how you are doing?

It’s mostly a function of how much I’m trying to win and how well it’s going.

Lately average session length is about 2 hours.

+$29K

And I like it!

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

+$36K

Was actually pretty volatile was up some then down some then up some then down a fair amount but ended pretty much near the top.

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

+$33K

Low average bet just kept winning is all.

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

Been in tournaments every weekend lately. Placed in two so far won a good amount of free play chips.

Two sessions:

-$125K

+$53K

Very high average bets.

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

Very volatile day.

-$50K

-$50K

+$66K

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

+$61K

All DD Blackjack.

Note: Lately, for security reasons, session reports are not necessarily presented in real time corresponding directly to the day played.

And this is the MDawg challenge.

Quote: 50to1spread

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Haven't you been banned before?

I've been in a lot of tournaments lately. I am referring to casino promo free entry tournaments.

A lot of tournaments offer players the option to pay to "re-buy" back in at lower levels (usually first or second level, not much higher than that). I always laugh when I hear the smooth talking announcer declaring that re-buys are available for "only" $___. (And whatever that sum might be, whether it be $500. or $2500. or anything in between it is always "only" 😅.)

Poker tournaments universally allow players to buy more chips up until a certain round.

MGM and and one or two other casino chain tournaments also offer the ability in at least blackjack tournaments to buy more chips up until a certain round.

MGM, RW Vegas and TI blackjack tournaments have these things called "mulligans" where you may pay to replace an unwanted card (up to one per hand, up to quite a few during the tournament itself valid up until a certain level). This leads to one strategy of going all in with your chips on a hand and using the Mulligan if needed to try to maximize the chance of winning. If you win that hand, the other players tend to fall on their swords trying to catch up to you.

My general philosophy is to not pay anything during the course of a tournament and to never rebuy. However, there are certain levels at which paying to beat out others at the table may be mathematically advantageous, such as in a quarter-final round where the winner is guaranteed a large sum of promo chips just for advancing from that table, or perhaps from the semi-final table where the next step is a guaranteed win.

But in general I resent all these intrusions into the established odds of the free tournament. Of course it is great for the casino to have people paying right and left to improve their chances but it makes it harder to win for a purist who wants to keep it all free entry.

MGM poker tournaments have one player at each table who is an employee. He starts with twice as many chips as the rest of us. If you take him out on an all-in hand, you get a certain amount of promo (play 'til you lose) chips that might be up to something like $50000. (randomly determined based on what mystery card has been assigned to that employee). That in itself gets people to want to buy more chips to try to take him out.

Some of the poker tournaments though have a rule that you may not buy more chips until you're tapped out, which is at least something that helps the players who are playing with only free entry chips.

Quote: MDawg

I don't know about slots players, but I think the vast majority of table players are up at some point during the trip. Most probably leave down.
link to original post

With my own "trips" some of which have been pretty long, it used to be that I left each one at the peak of winnings. That was when I was playing smaller and the trips were shorter.

As the average bets increased exponentially and the trips got a lot longer, I had fewer trips where I left at the peak, and variance seemed to have played a factor notwithstanding the continued advantage plays. I started having more trips where the peak win was somewhere before the end of trip.

This could have been the result too of getting so far ahead that I decided to start taking chances on bets that were less than perfect advantage plays, but still advantage.

Quote: AxelWolf

Quote: ChumpChange

Maybe they want all cash-outs above a certain number figure, say $600 or $1,200 so they can square it with their online IRS responsibilities. Cashing out less just looks like structuring, lol.
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Cash out and deposits are not free for the online casinos online they pay processing fees, and it adds up. If you have a player who's constantly depositing and Cashing Out the minimum amount daily/weekly or whatever, it starts adding up. Think about it, if a player is only losing 1%-5% of 50 bucks, but the casino is paying $10 to $20 in transaction fees, paying employees etc. It doesn't make any sense for them to want to deal with those people since they are a net loss. I have a feeling it's either the industry standard or some kind of Regulation saying that they must allow or some kind of regulation saying that they must allow minimum cashouts of x amount.

Many offshore joints don't allow you to cash out any less than $200, oftentimes they have as much as three times rollover before you can even attempt to cash out.

I talked to a guy who owned a small online offshore Casino. He offered all the usual Casino stuff but he mainly had the Casino for sports betting.
He said if I knew anybody to send them his way. He asked me not to send him any small time slot players since they just ended up costing him money with transaction fees.
I told him just to raise the limits, but I guess he didn't have that option since it wasn't his software. Obviously, a small-time operator is going to have bigger fees but I'm sure they all do.
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There’s probably some truth to the economics here, especially for smaller operators, but I wouldn’t assume there’s a universal regulation requiring a particular minimum cash-out amount. Those limits are usually going to depend on the operator, payment processor, jurisdiction, and the terms of the site.
The bigger issue is that a low minimum withdrawal can still be useful for players even if the operator’s processing costs are higher. I’d look at the full withdrawal policy instead: minimum/maximum amounts, processing fees, KYC requirements, pending periods, and wagering requirements.
Since this is an older thread, payment methods and regulations have changed quite a bit, so I’d be wary of using the $200 minimum or rollover figures mentioned here as current industry standards.