Transcend
Transcend
Joined: Oct 1, 2013
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January 22nd, 2014 at 3:29:18 PM permalink
Are loss rebates only for whales? Do casinos sometimes offer them to non high rollers?
Part of it went on gambling, and part of it went on women. The rest I spent foolishly. -George Raft
AxiomOfChoice
AxiomOfChoice
Joined: Sep 12, 2012
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January 22nd, 2014 at 3:38:31 PM permalink
Quote: Transcend

Are loss rebates only for whales? Do casinos sometimes offer them to non high rollers?



There are apparently promotions sometimes. Like the (in)famous Revel one. Or that $100 thing at Cosmo. I remember Palms had something for new members (not sure if they do)

Speaking of the $100 thing at Cosmo, are the losses for machines only, or table games too? It's not really worth a special trip there for it, but, hey, a hundred bucks is a hundred bucks if I happen to be in the area. If I can make a $100 drive-by bet and get it back in freeplay if I lose it... seems like a good plan to me!

I don't think that they are going to give you a personalized one unless you are gambling with a 7-figure bankroll though. Let's face it, if you are betting thousands per hand, they can afford a lower house edge than if you are betting red chips!
ewjones080
ewjones080
Joined: Feb 22, 2012
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January 22nd, 2014 at 4:37:18 PM permalink
Quote: Transcend

Are loss rebates only for whales? Do casinos sometimes offer them to non high rollers?



Yeah..they're called comps.
Transcend
Transcend
Joined: Oct 1, 2013
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January 22nd, 2014 at 5:12:19 PM permalink
Quote: ewjones080

Yeah..they're called comps.



Pretty sure there is a difference
Part of it went on gambling, and part of it went on women. The rest I spent foolishly. -George Raft
AxiomOfChoice
AxiomOfChoice
Joined: Sep 12, 2012
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January 22nd, 2014 at 5:22:14 PM permalink
Quote: Transcend

Pretty sure there is a difference



In particular, comps are based on your action, while loss rebates are based on your losses. BIG difference, especially if the loss rebate program is not well-designed, since variance matters for these.

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