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aceofspades
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November 9th, 2013 at 7:02:14 PM permalink
Quote: Ibeatyouraces

[
On their best game, grind it out at table minimum.




Table minimum? Wow - I would think that might take forever lol


WIZARD what would you do with $250k in promotional chips?
Ibeatyouraces
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November 9th, 2013 at 7:51:40 PM permalink
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DUHHIIIIIIIII HEARD THAT!
aceofspades
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November 9th, 2013 at 7:56:36 PM permalink
Quote: Ibeatyouraces

You shouldn't have to do it all in one night.





I don't put anything out of the realm of possibility...
Ibeatyouraces
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November 9th, 2013 at 8:28:26 PM permalink
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Mission146
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November 9th, 2013 at 9:14:10 PM permalink
Quote: EvenBob

Lol, you're right, I got a jolt of schaden just reading
that. It sucks, it's the same as getting slot points on
a player card. You only get to keep what's left after
the machines slaughter you.



If he doesn't like non-negotiable chips, I'll be in Vegas same time he is, and my birthday is shortly after...just sayin'.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Mission146
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November 9th, 2013 at 9:17:19 PM permalink
Quote: Ibeatyouraces

Worry about winning first ;-)



Here's one, what if he starts counting? I understand the non-negotiable chips probably come with some caveat about, "No cash value," but you would think all they could ask him to do is play a different game, right?
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Ibeatyouraces
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November 9th, 2013 at 9:32:03 PM permalink
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JB
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November 9th, 2013 at 11:48:42 PM permalink
Does the winner get to choose the denomination(s) of the promo chips, and if not, what denomination(s) will they be?
EdgeLooker
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November 10th, 2013 at 1:01:12 AM permalink
Just curious....

How long would it take (on average) to go through $250k in promotion chips at $1 BJ table only playing the minimum $1 and only one spot at a full table? :)
Mission146
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November 10th, 2013 at 1:39:22 AM permalink
Quote: EdgeLooker

Just curious....

How long would it take (on average) to go through $250k in promotion chips at $1 BJ table only playing the minimum $1 and only one spot at a full table? :)



https://wizardofodds.com/ask-the-wizard/136/

Okay, so fifty-two hands per hour...

250000/52 = 4807.69231 hours = 4807.69231/24 = 200.32051 days.

Of course, the promo chips play until they lose, which Wizard gives a probability of .4910

https://wizardofodds.com/ask-the-wizard/blackjack/probability/

Which would make the other .5090 a win or push which would continue the chip, so:

(250000 * 1.5090)/52 = 7254.807692307692 hours = 7254.807692307692/24 = 302.28365384615386 days.

So, call it around 300 days, playing 24/7, adjust for how many hours the person spends playing daily.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
EdgeLooker
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November 10th, 2013 at 2:14:53 AM permalink
$1 and $10 would be out of the question, probably $100 as well. $1k a hand for 7.25 hours could be the way to go.

Thanks Mission.
GWAE
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November 10th, 2013 at 4:43:25 AM permalink
Quote: EdgeLooker

$1 and $10 would be out of the question, probably $100 as well. $1k a hand for 7.25 hours could be the way to go.

Thanks Mission.


Yeah I agree. I doubt they are going to have 25000 $10 promo chips. Even 250 $1k chips are a lot. I wonder if they put them in an account and you could pull from them like a marker.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
beachbumbabs
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November 10th, 2013 at 7:38:27 AM permalink
Quote: GWAE

Yeah I agree. I doubt they are going to have 25000 $10 promo chips. Even 250 $1k chips are a lot. I wonder if they put them in an account and you could pull from them like a marker.



That's 2 1/2 racks of $1000 promo chips; they just hand you the little acrylic racks when they award prizes at a tournament, filled with stacks, and you carry them to the table. I've seen them (other casinos paying a tournament winner) do it before with blacks at $10K/rack. I doubt they have an expiration date, either, though I don't know if they'll let you take them out of the casino for a future play.
If the House lost every hand, they wouldn't deal the game.
Ibeatyouraces
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November 10th, 2013 at 8:07:46 AM permalink
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Mission146
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November 10th, 2013 at 8:43:45 AM permalink
Quote: EdgeLooker

$1 and $10 would be out of the question, probably $100 as well. $1k a hand for 7.25 hours could be the way to go.

Thanks Mission.



No problem! $100 might be possible, but it'd have to be a slow divorce year in 2014!
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
aceofspades
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November 10th, 2013 at 8:46:31 AM permalink
What about table max $50k?
Mission146
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November 10th, 2013 at 8:50:23 AM permalink
Quote: aceofspades

What about table max $50k?



I wouldn't, unless the 250K is meaningless to you. For that kind of money, I'd simply want to get as close to the EV as possible, which means grinding it out at the smallest levels tolerable.

I mean, you could go 50K for HUGE Variance, but how many times have you lost five hands in a row, Ace?

Yeah, I'd definitely be happy just trying to grind it and get close to the EV. That's also a common loss rebate strategy with Free Play, assuming one has lost already.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
aceofspades
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November 10th, 2013 at 8:55:18 AM permalink
Quote: Mission146

I wouldn't, unless the 250K is meaningless to you. For that kind of money, I'd simply want to get as close to the EV as possible, which means grinding it out at the smallest levels tolerable.

I mean, you could go 50K for HUGE Variance, but how many times have you lost five hands in a row, Ace?

Yeah, I'd definitely be happy just trying to grind it and get close to the EV. That's also a common loss rebate strategy with Free Play, assuming one has lost already.




I want to get as close to EV as possible but, I am not sure if there is an expiration date on the chips if I win
Mission146
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November 10th, 2013 at 9:04:26 AM permalink
Quote: aceofspades

I want to get as close to EV as possible but, I am not sure if there is an expiration date on the chips if I win



It's hard to say, you might shoot an E-Mail to your host to inquire as to EXP dates and the denomination of winning non-negotiable chips. If they could all come in Black, then you'd be looking at a bit over 5,000 hands, in all likelihood. If you can get a table to yourself, then you'd be able to knock out 5,000 hands in 24-26 playing hours, but you'd be unlikely to have a table to yourself the whole time. I'd perhaps figure for about 150 hands per hour, given that people will come and go, so 30-40 playing hours. Early a.m. hours would be good.

Coach always told me not to get too far ahead of myself, though, you don't plan out your Playoff game in Week 4 of the regular season. Train and read, Ace, this is the biggest tournament of your life, so far, I think...focus on winning it first!!!
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Ibeatyouraces
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November 10th, 2013 at 9:06:53 AM permalink
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EvenBob
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November 10th, 2013 at 12:16:43 PM permalink
Quote: aceofspades

I want to get as close to EV as possible but..



I'm giddy with anticipation.. Like today,
the Lions are playing the Bears. I have
a relative who's a huge Bears fan and
when they lose to the Lions, he's almost
suicidal. The potential schaden is killing
me..
"It's not called gambling if the math is on your side."
aceofspades
aceofspades
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November 10th, 2013 at 12:17:50 PM permalink
Quote: EvenBob

I'm giddy with anticipation..




Why not post my whole quote, in context?
EvenBob
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November 10th, 2013 at 12:20:31 PM permalink
Quote: aceofspades

Why not post my whole quote, in context?



Whole quote? Context? These concepts are unfamiliar
to me, sir.
"It's not called gambling if the math is on your side."
aceofspades
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November 10th, 2013 at 12:24:13 PM permalink
Quote: EvenBob

Whole quote? Context? These concepts are unfamiliar
to me, sir.






I should fly you in to Vegas to root against me in person - would that make you happy? lol
EvenBob
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November 10th, 2013 at 12:26:30 PM permalink
Quote: aceofspades

I should fly you in to Vegas to root against me in person - would that make you happy? lol



What kind of room? It wouldn't make me happy,
but it would be satisfying..
"It's not called gambling if the math is on your side."
aceofspades
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November 10th, 2013 at 12:31:47 PM permalink
Quote: EvenBob

What kind of room? It wouldn't make me happy,
but it would be satisfying..






What would make you happy Bob?
EvenBob
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November 10th, 2013 at 12:50:47 PM permalink
Quote: aceofspades

What would make you happy Bob?



Seeing in person when they take the chips
from a massive double down you'd made,
and slide them back into the rack. Well,
not happy. Exuberant, maybe..
"It's not called gambling if the math is on your side."
JohnnyQ
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November 10th, 2013 at 1:50:56 PM permalink
Quote: aceofspades

I just received this - super excited!!! This could be just what the doctor ordered for an end of the year bonus!!!



Hmmm. Is it possible my invitation has been lost in the mail ?
There's emptiness behind their eyes There's dust in all their hearts They just want to steal us all and take us all apart
Buzzard
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November 10th, 2013 at 2:21:06 PM permalink
Quote: EdgeLooker

Just curious....

How long would it take (on average) to go through $250k in promotion chips at $1 BJ table only playing the minimum $1 and only one spot at a full table? :)



623 hours not counting the 4 and 1/2 years trying to find a $1 Bj table.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
EdgeLooker
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November 10th, 2013 at 2:33:05 PM permalink
Quote: Buzzard

623 hours not counting the 4 and 1/2 years trying to find a $1 Bj table.


So true, lol.

It would also be funny to see someone with that huge of amount of chips (as a crowd gathers around) and then he would just flat bet minimum, lol.
aceofspades
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November 10th, 2013 at 2:42:45 PM permalink
Quote: EdgeLooker

So true, lol.

It would also be funny to see someone with that huge of amount of chips (as a crowd gathers around) and then he would just flat bet minimum, lol.




I think the crowd would disperse rather quickly once they saw only $1 was being bet.
EdgeLooker
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November 10th, 2013 at 2:52:56 PM permalink
They just might think he is a counter with one hell of a HUGE spread, lol.
aceofspades
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November 10th, 2013 at 4:00:42 PM permalink
Can anyone recommend me any Blackjack Tournament strategy books? I do not yet know the format though (if that affects your suggestions.
EvenBob
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November 10th, 2013 at 4:04:56 PM permalink
Quote: aceofspades

Can anyone recommend me any Blackjack Tournament strategy books? I do not yet know the format though (if that affects your suggestions.



1. Get invited. 2. Show up. 3. Overbet your BR. 4. Get wasted
on free booze. 5. Give us all the details in a TR.
"It's not called gambling if the math is on your side."
aceofspades
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November 10th, 2013 at 4:11:42 PM permalink
Quote: EvenBob

Quote: aceofspades

Can anyone recommend me any Blackjack Tournament strategy books? I do not yet know the format though (if that affects your suggestions.



1. Get invited. 2. Show up. 3. Overbet your BR. 4. Get wasted
on free booze. 5. Give us all the details in a TR.




I thought you would want me to at least make it to the final round, final bet and lose by $1...no?
1BB
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November 10th, 2013 at 4:13:19 PM permalink
Quote: aceofspades

Can anyone recommend me any Blackjack Tournament strategy books? I do not yet know the format though (if that affects your suggestions.



BlackjackInfo.com
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
EvenBob
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November 10th, 2013 at 4:22:29 PM permalink
Quote: aceofspades


I thought you would want me to at least make it to the final round, final bet and lose by $1...no?



Don't ruin it for me by projecting, I want
to be surprised.
"It's not called gambling if the math is on your side."
AcesAndEights
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November 10th, 2013 at 9:39:18 PM permalink
Quote: aceofspades

Can anyone recommend me any Blackjack Tournament strategy books? I do not yet know the format though (if that affects your suggestions.


There is Wong's book. I have not read it, but it comes highly recommended.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
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