The Adventures of MDawg II

I also found a paper dollah on a bench inside the casino.

Day 16 play

Was down about -100K came back to about -20K should have left it alone. But I didn’t.

-195000

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.

I did find a dime on the ground not long after the -195K loss.

Day 17 play

Never down. Always up.

+45000

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.

Day 18 play

Was down about -30K at the lowest but, pffft.

+41000

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.

Day 20 play

Was down as much as -200K came back from that with difficulty.

+5000

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.

Have taken / will take a break since Day 20 play. The extremes are a sign that I’m playing perhaps too hard. So might wrap this trip up sometime soon or just stop playing anyway.

This Vegas trip has been concluded.

Quote: MDawg

This Vegas trip has been concluded.
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Well freaking done! You took the casinos to the cleaners your last few trips! Do you have a stopping point when you’re up/down $XXXK amount? Or do you just go by your gut feelings?

I do have or at least used to have at least session stop losses but the past couple trips I’ve been pushing harder and coming back from pretty big losses most of the time such that I couldn’t really say that I do have a stop loss in play.

As a result I did have a few big losing days but most of the time I came back from a loss to end the day with a win.

I do have a general rule though about if I’m really deep in the hole and come back to even I stop. I broke that rule one day and ended up losing really big.

Quote: ifrah11

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I knew if I waited long enough, someone would post something useful..Proper handling of sales tax prevents disputes. A wiser sentence may never have been uttered.

These last couple runs more than ever I ran into people who wanted to latch onto me and mirror my bets. But first of all - most of them lacked the ability or willingness to bet big the way I do at times. As well, my limits are special so I’m able to bet more than any regular player.

But finally I don’t want the responsibility even if it’s just assumed for someone else’s action. If they do win too by following me that might draw more attention to me as well which isn’t good either.

I’ve always preferred playing alone and ever since I got reserved tables I’ve been able to keep others away.

You're known to the casinos you frequent. You have special deals and I would assume a healthy good relationship with your VIP host person(s). You can't hide anything you're doing. As you've said before you've been backed off blackjack for winning too much.

Make a couple people into hundred thousandaires. Would be a net social positive. Even better film it and make a ton of money on youtube from the plays.

Quote: MDawg

These last couple runs more than ever I ran into people who wanted to latch onto me and mirror my bets. But first of all - most of them lacked the ability or willingness to bet big the way I do at times. As well, my limits are special so I’m able to bet more than any regular player.

But finally I don’t want the responsibility even if it’s just assumed for someone else’s action. If they do win too by following me that might draw more attention to me as well which isn’t good either.

I’ve always preferred playing alone and ever since I got reserved tables I’ve been able to keep others away.
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That's happened to me before and I don't like it either. I don't bet big but I do win and people see it and they start piggybacking my bets. I don't like the attention either so I just usually quit playing or go away and come back. But that was years ago I haven't been to a casino since 2019. In downtown Vegas years ago I had a guy follow me around different casinos downtown and I couldn't get rid of him. I finally went up to my room and came back down a few hours later and saw him walking around the roulette tables and I think he was looking for me. So I followed him for a while until he eventually gave up. The whole thing was kind of spooky.

If they were just copying my moves without somehow my knowing it I might not care but that’s not possible is it so some level of feeling responsibility would ensue and that’s what I don’t want - to feel responsible for anyone else’s bets.

What is interesting is in the past on public tables I’ve been on runs winning hand after hand and others at the table might just watch or step in for just a couple of wins. Baccarat players sometimes have this feeling that it’s already too late and the run is over. I might be aware of a section where one side or the other is favored that turns into a longer run than expected and after winning a few in a row I’ll just ride it pressing all the way.

Recently, Caesars has had some decent promos, picked up a few thousand dollar Louis Vuitton purse, diamond tennis bracelet, about six thousand dollars in airline gift cards, about the same in Visa gift cards, about twelve grand in free play certs (their equivalent of promo chips, but that expire in 3 days - play til you lose) all for the same winning play that I was going to put in anyway.

You just have to time the "stays" so that there is at least 48 hours between them. Don't even necessarily use the rooms, just have to book them, either leave them empty or allow friends to use.

They had a pretty good one set for one of the luxury retailers at forum shops, that they cancelled, perhaps because some bean counter decided they were giving away too much lately.

One thing Caesars doesn't seem to have much if any of, is tournaments.

I didn’t want to post about this right after it happened although I did discuss it with Wizard right after.

I was banned from playing in one of the majors. I am not 86ed from the property but cannot play in the casino. I made polite inquiries but got nowhere.

Quote: MDawg

I didn’t want to post about this right after it happened although I did discuss it with Wizard right after.

I was banned from playing in one of the majors. I am not 86ed from the property but cannot play in the casino. I made polite inquiries but got nowhere.
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Most of the time when a Counter gets backed off They inquire or are instructed No Blackjack, Slots ok.

Could you play slots, or all games off limits?

It wasn’t a “back off.” It didn’t happen right after playing. The decision was made just before arrival on a scheduled trip or at least that’s when I was told.

Quote: MDawg

It wasn’t a “back off.” It didn’t happen right after playing. The decision was made just before arrival on a scheduled trip or at least that’s when I was told.
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I understand, once again I have given A jumble response.
What I was After was did they say no Punto Blanko, no Blackjack or
no Everything?

Let's just say that I was taken by surprise and didn't see it coming. In retrospect, some of my friends have said, "It had to happen but that doesn't make it right."

During a recent trip I won a tournament. Free entry, invite only, the usual deal. Pursuant to a chop agreement, I got 145K of promo chips (it was a winner take all tournament, the others at my table got 50K - we had agreed to do it this way, with the winner getting the most - a chop agreement).

The chips were all 1000s and 5000s, play until you lose. For the 50K winners, they got seven 5000s, fifteen 1000s. I was supposed to get twenty 5000s, fifty 1000s, but somehow ended to with $145K - one of the $50K winners got $55K due to an inability to divide all the 5000 chips precisely.

I hung around to see what people were doing with their promos. One person I watched played double deck blackjack with them, sequentially betting the fifteen 1000s, then all seven 5000s. That person barely managed to clear $20K out of the chips - every one of the 5000s lost.

I used them at Baccarat, actually ran them all the way to $250K in real chips. I had to pay some commission out of that, so net was about $243K. While I was playing a pit boss told me about someone who had won 500K in promos before, ran them to $3M at Baccarat and was never seen again (good for that person! well done).

I think over 2.5X with promo chips is pretty good. I am not aware (yet) of anyone else who ran their promo chips and won that much relatively, from that tournament.

And on top of that, that particular day, I won over $70K at my table just waiting for each tournament round, at just that one casino. I recorded that win in my session reports - not the $243K, until now.

I did luck out on one of the tournament tables - 2/3 advanced from that table, and only 3 showed up (other two players were absent). On the semi table that got me to the final table, there were 3 of us (standard, everyone showed up, was meant to be 3 players only), with 1 advancing, but both blew out to where there was only one opponent standing at the end, with only 1000 in chips, while I had about 20K, so it was no contest.

At the final table, six of us, four blew out by the final hand, and I won the final hand (secret bet), and the other player lost with all in.

Anyway, for anyone who has won a tournament, with PROMO (play until you lose) chips, what is the usual % recovery? I would estimate 50% (casino does not allow "rinsing" bets - no black/red simultaneous, no Player/Bank simultaneous - chips must be played). But I think the low recovery partly has to do with that only 1000s and 5000s were distributed, which doesn't leave as much variety as might be normally expected for bet size selection. Also might have to do with that a player with promo chips might just throw them out there, not caring as much as if it were his own cash.

If everyone who went to the casino with a 50K or 150K bankroll were expected to lose half, that would be horrible. Why would promo chips be any different?

Quote: MDawg

During a recent trip I won a tournament. Free entry, invite only, the usual deal. Pursuant to a chop agreement, I got 150K of promo chips (it was a winner take all tournament, the others at my table got 50K - we had agreed to do it this way, with the winner getting the most - a chop agreement).

The chips were all 1000s and 5000s, play until you lose. For the 50K winners, they got seven 5000s, fifteen 1000s. I got fourteen 5000s, thirty 1000s.

(quote truncated - bold added)

Congrats! Awesome win. After the chop agreement did you walk with $150k or $100k?

Quote: MDawg

Anyway, for anyone who has won a tournament, with PROMO (play until you lose) chips, what is the usual % recovery? I would estimate 50% (casino does not allow "rinsing" bets - no black/red simultaneous, no Player/Bank simultaneous - chips must be played). But I think the low recovery partly has to do with that only 1000s and 5000s were distributed, which doesn't leave as much variety as might be normally expected for bet size selection. Also might have to do with that a player with promo chips might just throw them out there, not caring as much as if it were his own cash.

If everyone who went to the casino with a 50K or 150K bankroll were expected to lose half, that would be horrible. Why would promo chips be any different?
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The Wizard has an article showing the value (he calls them non negotiable chips): https://wizardofodds.com/gambling/promotional-chips/

They are worth almost face value at baccarat or BJ, so you can expect to convert them into almost the face amount of regular chips as you lose them.

Thanks! Yes I was supposed to get $150K of promos. I ended up getting $145K (see above revision).

I would expect the promo chips to be the same value as regular chips in that they are play until you lose (may also be placed on greater than even money bets).

But does the fact that you get only 1000s and 5000s in an approximately 2:1 ratio make a difference?

Quote: MDawg

Thanks! Yes I got $150K of promos.

I would expect the promo chips to be the same value as regular chips in that they are play until you lose (may also be placed on greater than even money bets).

But does the fact that you get only 1000s and 5000s in an approximately 2:1 ratio make a difference?
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Doesn’t make a difference to the value, but does make the outcomes more likely to be variable and extreme (to the upside or downside).

14*5k + 30*1k =100 K. So think you just wrote the wrong number of chips you got for winning if it was $150k. No biggie.

I'd just mix the promo chips in with my usual chips and when my progressions brought me to betting levels that allowed use of promo chips, I'd use promo chips and probably throw in some regular chips so I can proceed with my regular progression. I like that promo chips are play 'til you lose, but regular chips are like that too.

UnJon see above for exact numbers. The actual amount I received was $145K.

C.Change I was determined to see what exactly I could do with just the promo chips.

Quote: ChumpChange

I'd just mix the promo chips in with my usual chips and when my progressions brought me to betting levels that allowed use of promo chips, I'd use promo chips and probably throw in some regular chips so I can proceed with my regular progression. I like that promo chips are play 'til you lose, but regular chips are like that too.
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I would suggest not holding the promo chips until your progression allowed it.

I have a hunch your results will be better if you convert the promo chips to cashable chips before you start losing cash-money chips.

Quote: unJon

Doesn’t make a difference to the value, but does make the outcomes more likely to be variable and extreme (to the upside or downside).
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There is also the “don’t care!” factor - of willingness to lay the big chips out there because it’s all free money. Combine that with knowledge of an advantage hand and the results could be nice. This worked for me.

However there is as well the “Damn! I better get something out of these chips” factor if many are already gone with not much positive results that may lead to hasty tilted bets. I was told this happened with a player who put all remaining chips out there (and lost) after all the prior bets had resulted in not much wins. In that case it was during blackjack play where perhaps the count was really unfavorable.

A year ago I was trying to navigate my $25 match plays that came frequently. I could play them on the line on the craps table and I'd usually wait until I had a $25+ bet on a progression come along. Or I could take it to a roulette table and just do one bet for each MP on red or black. Or I could do something really risky and take it to a BJ/Spanish 21 table where there's split hands and double downs that I have to fund myself with a pocketful of extra green chips I have to have on hand, so I tried to have a $400 minimum chip count for 2 match plays. I made $300 from Match plays for the year before the promo was discontinued for me in 2 months. The promo desk says I need to buy-in with $300 to $500 at a table to get on their mailing list again. I bought in with $300 at another casino and it seemed to have bled over to my local casino as far as mailing offers. But I don't get mailers anymore from the local casino. I hope to win a few sessions on the bubble craps and buy-in with $400 at the craps table soon.