Palms Promotion "OUT OF TOWN BLACKJACK REBATE PROGRAM"

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OUT OF TOWN BLACKJACK REBATE PROGRAM

Not sure what the 2nd and 3rd Rebates are but it seems like this would considerably lower the house edge.

Is it worth a trip?

The slot promo is much better and well worth doing.

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I'm planning a couple of trips to Vegas this year so may have to check this out.

What do you think "3. Participant’s actual rated slot loss up to $1,000 will be reimbursed in Free Slot Play." means?
My "rated slot loss"? If I play $100 and lose $100 is it $100 or the expected loss? So if slots pay 85% will it only be $15 rebate?

Quote: DenDexter

If I play $100 and lose $100 ....

Do you play $100 machines or is the premise of your question (i.e., play $100) that you might play a $1 machine (or a penny machine) and run $100 through it without ever getting any payout at all? If you bought $100 worth of credits on a machine, played for an hour or so, and eventually had zero credits left, then I suspect that your actual "play" would be far higher than $100.

I don't know what they really mean by "rated slot loss", but I highly doubt that it would be 15% of your buy-in amount.

Wizard has discussed this topic on the forum and on the radio show. Rated slot loss means how much you actually lost, not what percent of your buy-in or total action you lost. The strategy on these promos is to buy a high denomination machine and try to hit a jackpot. If you hit one, you quit playing and take the win. If you lose the $1000, then you go get your rebate and play it through on the FPDW.

Tropicana and Cosmopolitan have similar promotions in addition to the Palms.

I'm sure there are many people here who could explain this better than I.

Quote: DenDexter

I'm planning a couple of trips to Vegas this year so may have to check this out.

What do you think "3. Participant’s actual rated slot loss up to $1,000 will be reimbursed in Free Slot Play." means?
My "rated slot loss"? If I play $100 and lose $100 is it $100 or the expected loss? So if slots pay 85% will it only be $15 rebate?

It's your actual loss on that day up to $1000, so be prepared to lose up to a grand that day on machines valid for the promo (most machines except some video poker that pays near/above 100%). Some 9/6 JoB and NSUD machines are acceptable. I probably wouldn't quit playing unless I won a few grand, or lost the $1000. It is given back in "free play" in 3 installments. ~30% the next day. Next ~30% 2 weeks - 6 months. Final ~40% 6 mos - 1 year.

http://www.palms.com/gaming/las-vegas-club-palms/

Quote: Ibeatyouraces

Do it on the bj tables and rathole as many chips as possible.

You don't think you're closely watched? That, or they'll do a video review before they give ya the rebate...

That sounds reasonable.
I guess for BJ they keep track of your buy in's and how much you cash out for to track the loss ( or gain ).
There's also some good coupons in the American Casino Guide book for Palms. I'll definitely try them out this time around.

From the link in the Orig Post (applies to both the Slot & BJ promo):

"1. You must be a new Club Palms member in order to participate in this promotion".

Which is why I do NOT advise newbies to get a slot card at every place they play at.
It is oftentimes better to wait for a promo like this to come along.

FYI, you can do this on BOTH slots and BJ on the same trip. I hit a slot jackpot on spin 2 at a $100 machine, then went to the HL pit, put out a $1K bet on BJ. I won the hand, said thank you, and walked away (it was DD game with mediocre rules and 50% pen, but it didn't matter for one hand.) Surprisingly, I'm now getting room offers from them :-)

assuming a basic strategy player, what would the stopping win point (stop-win?) be on the blackjack promotion. As someone else stated I would assume that you want to win several thousand dollars before quitting, or play until you lost 1000. Hopefully the wizard can chime in!

Quote: tringlomane

It's your actual loss on that day up to $1000, so be prepared to lose up to a grand that day on machines valid for the promo (most machines except some video poker that pays near/above 100%).

I'm unlcear on a couple of things. Hopefully someone can clarify them:

1) are the amchines excluded from the promo marked as such? Or for that matter the machines good for the promo?

2) What doe "actual loss" actually mean? Consider this hypothetical: I put in $200 in a VP machine, say, and improve my bankroll to $500. I keep playing until there are only $200 left. Would the actual loss be $300 or $0?

Many thanks.

Quote: Nareed

I'm unlcear on a couple of things. Hopefully someone can clarify them:

1) are the amchines excluded from the promo marked as such? Or for that matter the machines good for the promo?

2) What doe "actual loss" actually mean? Consider this hypothetical: I put in $200 in a VP machine, say, and improve my bankroll to $500. I keep playing until there are only $200 left. Would the actual loss be $300 or $0?

Many thanks.

1. I think so, but I didn't look super closely last time. VPFree2 lists some restricted banks. http://www.vpfree2.com/casino/palms

2. Your actual loss in that example would be zero.

With the promo, you ideally want to one of two things on the first day. Lose all your bankroll, or hit a big win. I don't think I quit unless I am at least booking a win of at least 3X of my bankroll. If you can find a good $5 machine with a decent paytable, that might be better than playing dollars. I wouldn't recommend playing quarter VP or lower except to recoup a loss with freeplay.

10-play Ultimate X with 9/6 DDB at $50 a round would be a good choice with its high variance and ~99.8% return.
https://wizardofodds.com/games/video-poker/strategy/ultimate-x/double-double-bonus/

Otherwise there are Double Bonus and Bonus Poker machines at the $5 denomination ($25/hand).

Quote: tringlomane

10-play Ultimate X with 9/6 DDB at $50 a round would be a good choice with its high variance and ~99.8% return.
https://wizardofodds.com/games/video-poker/strategy/ultimate-x/double-double-bonus/

Otherwise there are Double Bonus and Bonus Poker machines at the $5 denomination ($25/hand).

Do you know if there is any $5 DDB?

Quote: tringlomane

1. I think so, but I didn't look super closely last time. VPFree2 lists some restricted banks. http://www.vpfree2.com/casino/palms

2. Your actual loss in that example would be zero.

Thanks! I rather expected the loss to be zero.

Quote:

10-play Ultimate X with 9/6 DDB at $50 a round would be a good choice with its high variance and ~99.8% return.
https://wizardofodds.com/games/video-poker/strategy/ultimate-x/double-double-bonus/

Otherwise there are Double Bonus and Bonus Poker machines at the $5 denomination ($25/hand).

My bankroll for the whole trip would not cover a $1,000 loss. I was thinking along the lines of $200. At $50 per pull it would be over almost before it starts. So I'll figure something out.

The thing is due to my long stay I can, if needed, get all of this year's free play easily. Then it's just a matter of returning to Vegas before June '14, which ought not be a problem.

Quote: TIMSPEED

Do you know if there is any $5 DDB?

Not sure since VPFree doesn't list it, but they have 9/7 DB for $5, so I would think 9/6 DDB might be there as well since that pays less than 9/7 DDB, but still decent obviously. If I make it to Palms in a couple of weeks, I'll try to double check.

Quote: Nareed

Thanks! I rather expected the loss to be zero.



My bankroll for the whole trip would not cover a $1,000 loss. I was thinking along the lines of $200. At $50 per pull it would be over almost before it starts. So I'll figure something out.

The thing is due to my long stay I can, if needed, get all of this year's free play easily. Then it's just a matter of returning to Vegas before June '14, which ought not be a problem.

Also keep in mind that this promo divides the free play contributions into three segments, so it's not as valuable unless you plan to come back to Vegas within 6 months, and then again from 3-12 months. A $200 loss would only give you freeplay in the following increments: $60 (within 24 hrs), $60, $80

And if your roll isn't as large and you have yet to sign up there, you should do the Cosmo new member promo. You can get reimbursed for a $100 loss fully with freeplay with no waiting period. You have to lose a full $100 though. It says it expires at the end of April, but they have extended the promo month by month for over a year now I think...haha With $100, just playing dollar video poker ($5/hand) is a reasonable gamble.

http://www.cosmopolitanlasvegas.com/game/identity_promotions.aspx

Quote: tringlomane

Also keep in mind that this promo divides the free play contributions into three segments, so it's not as valuable unless you plan to come back to Vegas within 6 months, and then again from 3-12 months. A $200 loss would only give you freeplay in the following increments: $60 (within 24 hrs), $60, $80

The second installment is from between 2 weeks and 6 months, I just checked. That works out for the length of my stay this trip. It also claims to be $50, $50 and $100.

BTW, do I ahve to play the free play ritgh away, or will it stay credited for a while? The idea is to get the first instalment, then return in 14 days to get the second and then play all $100.

Thanks!

Quote: Nareed

The second installment is from between 2 weeks and 6 months, I just checked. That works out for the length of my stay this trip. It also claims to be $50, $50 and $100.

BTW, do I ahve to play the free play ritgh away, or will it stay credited for a while? The idea is to get the first instalment, then return in 14 days to get the second and then play all $100.

Thanks!

Unfortunately, I'm not totally sure because even though I am aware of the promo, I haven't had a chance to do it. I would assume if you play the rebate early in your trip, you should be able to use the 2nd installment before you left. But if they mail you your future slot play offers that could be a problem. I would double check with the player's club to be sure. I sorta forgot you were going to be there for awhile. :)

At the Palms, you have to be careful. The promotion eligibility for a particular machine is determined by the best paytable on that machine. There are banks that look exactly alike with one change and people have peeled the stickers off that say "Not eligible for promotions" thinking they'll get one over on the Palms.

I played this promotion last year. Before we started, I called over a tech and had her verify the machine was eligible. We played $5 5-line Double Bonus.

Plenty of good, near- or above-100% machines to play the free play through.

https://wizardofvegas.com/member/quaddeuces/blog/2/#post695

I went to Vegas last week and took advantage of this promotion. The Palms website was redesigned and the promo is not listed on it anymore, however it was still active as of May 27th. Also there are no signs or advertisements that I saw in the casino for it.

The promotion is better now. You receive 40% within 24 hours and the other 60% from 14 days to 1 year. Previously it was broken out to where you had to return 3 times.
You must claim the credit within 24 hours of your first game played. So make sure you claim the credit before you leave or be back the next day in time.

For the slots rebate:
The machines that don’t apply are the 100%+ VP machines that are all in one section as well as the automated craps and roulette machines. The Wheel of Fortune wide area progressives did work for the rebate.

I played ultimate X and was miserable and $1 slots ( which I would never do without a rebate ). I got 40% back the next day as slot credit. I played the good $1199 Bonus VP and got all of my money back plus $10.
Note that the rebate is for credit. You must play the amount and cannot just cash it out. Also once you transfer the credit to the machine you must play it all and cannot transfer it. So I would apply $25 at a time until I used the entire credit.

For the BJ rebate:
I also did the BJ credit. I received a $100 credit however I did not lose $100 on the first day.
The rebate for the BJ credit is weird. It's a one-time use chip. Once you use the chip it is taken away if you lose or win. It's just like you are using a match play coupon.
For example, I bet with a $5 rebate chip. I win and end up with a real $5 chip and the $5 promo chip is taken away.

I plan on returning in August and will claim my other 60% then.

Enjoy.

p.s. I played $3 min slots with 5x odds at the Weston. I entered for $100 and left with $500. Best run of craps I’ve ever had. There were 2 guys there that were rolling great. I was doing come bets and max odds and they were doing hard way bets. They made a ton of money for me but not that good for themselves.