Ahigh is right
Yep, true value is half their stated amount, and yes, it is misleading.
If I had actually won one of those bets, I would have been annoyed.
In the long run, it doesn't matter, because it is merely a free bet they are giving you, but it is bullshit they are setting it up that way.
This is also a place that gives out coupons for free cash and for food credits, and all those mean exactly what they say, so I'm not sure why they are misleading with this one coupon.
Once a $25 chip is bet, it's value "in action" is then $12.32 or so - until the bet is resolved.
Did you bet a "$12.32 chip" or did you bet a $25 green chip?
$5 coupon: ( 31 - 13 ) / 36 + 35 * ( 2.50 - 1 ) / 36 = .50 + 1.458 = $1.958
$10 coupon: ( 31 - 6 ) / 36 + 35 * ( 5 - 1 ) / 36 = .694 + 3.88 = $4.58
$20 coupon: ( 31 - 11 ) / 36 + 35 * ( 10 - 1 ) / 36 = .555 + 8.75 = $9.30
$50 coupon: ( 31 - 26 ) / 36 + 35 * ( 25 - 1 ) / 36 = .138 + 23.33 = $23.47
The only way you can increase the average value is by gambling against the boxcars on the comeout. The math is simpler if you do that.
But if you liquidate, you can take this much money on average and bet it on anything you want after liquidation. So it costs $.50 to $1.50 or so to liquidate your coupon as the value goes up so does the liquidation cost.
The casinos generally want you to feel like the coupon is worth the amount printed on the coupon even though it's not.
That is the "marketing" part of the coupon. Like when you see cartoon characters jumping off the cereal box on Saturday morning cartoon commercials, it is quite effective for the "target demographic" as it has been explained to me by the marketing experts on this forum.
To the intelligent, the inflated value on the coupon is a hassle. I would be just as hassled if they did this with every single chip that I gamble with instead of just the coupons. If it were truly a good idea as the marketing types believe, you could then get twice as much money marked on your chips when you start the game (IE: come in with $500 and get $1000 worth of chips that you can only make even money bets on). Oh but then you couldn't bet hardly anything at all. Yeah, that's sort of my point, right?
That marketing would be genius to use all over the place if it was really a good idea. But it's just a shitty way to prevent people from actually gambling on the bets that the casino wants you to gamble on anyway (the longshot bets with the higher edges).
But the fact is that the marketing geniuses are truly liars who believe their own bullshit. So let them believe that their double-value printing process is GREAT!!!!!!!!!!
Quote: PaigowdanWell, what is the real value of a "cash money" casino chip - when it is in action?
Once a $25 chip is bet, it's value "in action" is then $12.32 or so - until the bet is resolved.
Did you bet a "$12.32 chip" or did you bet a $25 green chip?
No the value doesn't go down to half while in action.
I'm interested to see the outcome of this, but I'm pretty sure it has 100% of the value.
The exceptions are come bets that travelled.
The ONLY WAY you EVER lose the chip is to lose a bet that you place it on.
The chip can be GIVEN to anyone, or even sold.
That's the ULTIMATE marketing "coupon."
If you wanted to make it sophisticated, you could give it a $2.50 cash value, put in an RFID chip, and require that the chip go to the cage to verify that it's not expired and get a receipt necessary to play the chip or chips, or offer $2.50 cash for expired chips.
The casino is not giving you $100 with no strings attached cash that you can spend.
The casino is giving you $100 in free wagers. Win that wager, and they will then give you the cash equivalent.
The casino has a chance of getting their free gift back, and the player has a chance at turning it into a real chip.
This is the EXACT same thing that happens with your slot Free Play gift as well.
The casino gives me $100 in slot free play. I can't activate it on a machine and then hit the cash out button.
I have to play $100 in spins. I then get to cash out any money that was won.
Don't lose sight of the fact, this is a FREE GIFT.
Quote: RaleighCrapsI understand your reasoning, but I don't think you are looking at this from the right perspective.
The casino is not giving you $100 with no strings attached cash that you can spend.
The casino is giving you $100 in free wagers. Win that wager, and they will then give you the cash equivalent.
The casino has a chance of getting their free gift back, and the player has a chance at turning it into a real chip.
This is the EXACT same thing that happens with your slot Free Play gift as well.
The casino gives me $100 in slot free play. I can't activate it on a machine and then hit the cash out button.
I have to play $100 in spins. I then get to cash out any money that was won.
Don't lose sight of the fact, this is a FREE GIFT.
We can go round and round about this, but this is NOT a PERSONAL issue that I have with how the casinos treat ME.
*I* can deal with it by liquidating the coupon.
This is just making the point that this is ALL TOO COMPLICATED and that the complications INTERFERE WITH MOST PEOPLE'S ABILITY TO ENJOY THEMSELVES as they ATTEMPT TO USE THE COUPON and OFTEN FAIL.
I will say it again, this is not about ME and the problems that I have. This is just a reflection of my opinion about how these marketing promotions actually have an undesirable component to them.
The truth is that the marketing folks are in COMPLETE DENIAL of the negative aspects of how these coupons affect their customers. They simply do not measure this component of customer dissatisfaction for being confused by the process.
Anyone on this forum is not confused. All the people on here are smart, generally.
It's the poor guy who doesn't get it that would normally be betting like a madman and turn into a gambling fiend if he wasn't made out to look like a moron and turned off by the whole process and made to feel like a loser by not knowing how to bet a free coupon on red or black when he really wants 17!!!
Let the guy bet the coupon on 17 and win!!! Why freaking not? Here's why -- WE CAN'T LIE ABOUT WHAT THE COUPON IS WORTH!!!
What about my point though, that the promotional chip, or the play once coupon, works EXACTLY like the Free Play in Slots?
Are people confused, irate, upset, etc. over how they have to play the Slot Free Play through the machine, before they can cash it out? I've never heard anybody complain about that.
So if the SLot players can understand they have to play through the "Free Play", why the hell can't a table games player understand the same principal?
Quote: AhighNo the value doesn't go down to half while in action.
Immaterial. A $25 coupon wins, you get a green chip worth $25. You walk away with $25. On any win-lose result they take it, if it is a single-use coupon.
This is true even though it's "monetary value" is about $12.32, etc. You win $25 - IF the coupon wins. It is perfect reasonable to call it a $25 Free bet coupon/ticket. Nothing misleading about that, as its use is for gambling, - not for redeeming in cash. That's what having a job is for.
At JANugget, they give their table game players "Promotional Chips" which I usually "liquidate" at the crap table...
What's interesting to note, is it's obvious they're value if HALF of face value, as the same level slot player recieves exactly HALF of the table games player
Table Game "A" Player = $400 Promo Chips
Slot "A" Player = $200 Slot Play
A few houses in Reno though, still give basically REAL chips to table games players (ie: When the chip wins, you win and keep the original chip)
Quote: PaigowdanImmaterial. A $25 coupon wins, you get a green chip worth $25. You walk away with $25. On any win-lose result they take it, if it is a single-use coupon.
This is true even though it's "monetary value" is about $12.32, etc. You win $25 - IF the coupon wins. It is perfect reasonable to call it a $25 Free bet coupon/ticket. Nothing misleading about that, as its use is for gambling, - not for redeeming in cash. That's what having a job is for.
I'm surprised you're having a problem with this Dan.
The difference is they take the coupon when you win because the coupon is worth half what a chip would be worth.
If the coupon were worth what it was printed for, they would replace the coupon with a chip equal to the value printed on the coupon.
But it's not.
Because they lie.
Two green chips is equal to double the value of one green chip.
Maybe I was wrong. I but I thought nobody on this forum would be confused by these coupon policies.
If anybody is truly still confused by anything besides semantics of this discussion, please also let me know your education level as this might be interesting anecdotal information for why inflating the value of coupons MAKES PEOPLE FEEL STUPID AND RESULTS IN A LESS THAN ENTERTAINING EXPERIENCE.
The two possible states for the result of the $25 green in play is -$25 and $25. The EV of the green chip in say, 00 roulette, is 25*18/38-25*20/38 = -$1.316
The two possible states for the result of the coupon is $0 and $25. The EV of the coupon in 00 roulette is 25 x 18/38 = $11.84
In both cases, if you win, you have $25 more than what you started with.
Quote: AhighI'm surprised you're having a problem with this Dan.
Why? I'm totally fine with it. If I get a free bet coupon for $25, I'll know I get $25 if it wins, so I am fine with it being called a $25 free bet coupon.
Quote: AhighThe difference is they take the coupon when you win because the coupon is worth half what a chip would be worth.
That's how a single use coupon works.
Quote: AhighIf the coupon were worth what it was printed for, they would replace the coupon with a chip equal to the value printed on the coupon.
Yes. As stated, the coupon's monetary value is about 49% of its face value - because it is to be used for gambling, and not as real cash value. If you try to use it or consider it as cash, THEN you will see that its monetary value is different than its gambling face value. But if you were expecting to receive its cash value, then one can argue that the expectations are misguided.
Let's put it this way. If you had a $1 off coupon for "Folger's Coffee," you cannot expect to use it as a dollar to buy a dozen eggs, or an Entemann's cake. (One can even argue, "But it's a COFFEE cake" !) If fact, the store coupon's cash value is something like 1/10th of a cent. However, you will get $1 in value IF you actually use it for its intended purpose - Folger's coffee.
With the casino free bet coupon, if you WON that $25 free bet coupon - you would get a real $25 green chip that you can take to the cage. So the paper slip turns into $25 only in that circumstance. You don't get it as cash, or at its face value, or even at its monetary value, in cash. You get to play, and will get $25 if it wins. So they call it a $25 free bet coupon, and I can see this.
Now, if they call the piece of paper "$25 in cash when presented," - THEN my expectations would be different.
Let's see. Bet my chip win $25
xxxxxxxx Bet my cupn win $25
Bet my chip lose $25
Bet my cupn lose $00000000000
ahigh wants a guaranteed win it appears. What fun is that ? It's called gambling for a reason.
Marketing has given him a no-lose proposition, but that's not good enough.
It's possible that this is something that people who enjoy arguing get more entertainment value from. So I could be wrong.
I think it's lame though.
That's just my opinion.
But I guess some people like being confused and then to go on and argue.
Just not my thing.
I like to be HAPPY and I like to HAVE FUN!
The coupon is for a free bet of $25. If you take a free turkey coupon to the store, you EXCHANGE the coupon for the turkey. You don't get to keep the coupon. Coupons are REDEEMED. In the case of a free bet, you redeem the coupon for the bet. You don't get to keep the coupon after it is played.
I don't get it.
Quote: Ahigh... If anybody is actually ENJOYING this process of arguing (which VERY often happens for new players arguing with dealers in the casino over these tables .. ESPECIALLY at the roulette table) let me know that too....
Ahigh, forums are all about debate and discussion, and yes, it is suppose to be enjoyable and interesting. A debate can even get heated and passionate, and that is good too, if you can avoid taking offense at people's opinions and points of view, and the harsh ways it can be phrased at times. Just remember, you are looking at uncensored opinions over a tube, nothing to drink a cup of arsenic-laced tea over.
Quote: AhighIt's possible that this is something that people who enjoy arguing get more entertainment value from. So I could be wrong.
Yes, you could be wrong. People enjoy discussions and debate, and that's what we are here for. I would be unsettled if people here frequently agreed with me, or patronized me. You feel it is arguing if they simply disagree, and state their reasons.
Quote: AhighBut I guess some people like being confused and then to go on and argue.
Yeow! Talk about projection!
Quote: AhighI like to be HAPPY and I like to HAVE FUN!
We all do. But listen, most people view a $25 free bet ticket as a complimentary gesture, not as a conspiracy, or as a point of confusion.
I know Buzzard already know this, but I have to keep reiterating, this is not about me being unhappy with _my_ coupons.
This is me being unhappy with how the Las Vegas (oh we are so hurting here) casinos treat less intelligent customers.
It sort of makes me embarrassed for my city the same way I am embarrassed for my city when there is another police shooting where someone dies who didn't need to die or when there is news about drunks running over people at the bus stop or people doing the porn flicker thing.
I want to be more proud of my city.
Quote: AhighThis is me being unhappy with how the casinos treat less intelligent customers.
Casinos try to treat all customers well, and it is a challenge: there are a lot of complainers, a lot of shot-takers, and a lot of people who are never happy. It's not all the casinos' fault.
Quote: AhighWhen you bet a green chip and you win, you get TWO green chips as payment.
Two green chips is equal to double the value of one green chip.
Here's your problem. I don't get two green chips in payment. I get one.
The other green chip was mine to begin with, and is only taken when I lose the bet.
The freebet coupon is taken, as it's one $25 bet, win or lose.
I don't find it complicated. I get to make one bet at no risk.
Quote: thecesspitHere's your problem. I don't get two green chips in payment. I get one.
The other green chip was mine to begin with, and is only taken when I lose the bet.
The freebet coupon is taken, as it's one $25 bet, win or lose.
I don't find it complicated. I get to make one bet at no risk.
Assuming you're siding with the casino, your problem and the casino's problem is they are telling me that my opinion about how things should be is wrong when I am pointing out what are obvious negative aspects to the coupon.
I don't have a problem. Your asserting that I do have a problem is your problem.
I am trying to point out problems that the casinos have.
I don't have a problem.
But you seem to have a problem in thinking that I have a problem.
PROBLEMS SHOULD BE SOLVED NOT MERELY DISCUSSED AND DISMISSED.
I have no problems with any of this. I am here to help.
Thank you DRIVE THROUGH!
Quote: AhighPROBLEMS SHOULD BE SOLVED NOT MERELY DISCUSSED AND DISMISSED.
I have no problems with any of this. I am here to help.
Okay, tell us what changes the casinos have made as a result of your proposals to them, if this were done. Remember, you're talking to us, not them.
Do:
1. Casinos need to make any changes with their free bet coupons, and they agreed with you, or:
2. Do you need to come to terms with the fact that free bet coupons are both no risk bets, as well as reasonable to have the win amount on the face of the coupon?
Quote: AhighAssuming you're siding with the casino, your problem and the casino's problem is they are telling me that my opinion about how things should be is wrong when I am pointing out what are obvious negative aspects to the coupon.
I am not siding with anyone.
Quote:
I don't have a problem. Your asserting that I do have a problem is your problem.
I am trying to point out problems that the casinos have.
I don't have a problem.
But you seem to have a problem in thinking that I have a problem.
Okay, okay, no problem. You seem to be repeatedly therefore saying the casino has a problem with people not understanding a promotion that seems not to be something I misunderstand, and have never seen misunderstood.
Quote:
PROBLEMS SHOULD BE SOLVED NOT MERELY DISCUSSED AND DISMISSED.
I have no problems with any of this. I am here to help.
I have yet to see you propose any solution.
Quote:
Thank you DRIVE THROUGH!
And quite what is that supposed to me exactly? Am I now allowed to make a point on a thread, or must I have got some sort of permission before hand? Didn't think I did.
Quote: PaigowdanOkay, tell us what changes the casinos have made as a result of your proposals to them, if this were done. Remember, you're talking to us, not them.
Do:
1. Casinos need to make any changes with their free bet coupons, and they agreed with you, or:
2. Do you need to come to terms with the fact that free bet coupons are both no risk bets, as well as reasonable to have the win amount on the face of the coupon?
They are only no risk bets if they are absolutely worthless.
They are not worthless.
The problem is the deception in what the coupons are worth.
Quote: thecesspitI am not siding with anyone.
Okay, okay, no problem. You seem to be repeatedly therefore saying the casino has a problem with people not understanding a promotion that seems not to be something I misunderstand, and have never seen misunderstood.
I have yet to see you propose any solution.
And quite what is that supposed to me exactly? Am I now allowed to make a point on a thread, or must I have got some sort of permission before hand? Didn't think I did.
I gave an AWESOME solution where each free bet that is given out is a Paulson chip.
Even a coupon to go in an obtain said Paulson chip or chips at the cage would be better.
The difference is one of simplicity.
The closest place to doing this is The Cosmopolitan.
I should tip my hat to them for how they do things as they are closer to the way it should be done in my opinion than any other place.
Quote: AhighThey are only no risk bets if they are absolutely worthless.
They ARE worthless - if not used for gambling, which is their intended purpose.
Quote: AhighThe problem is the deception in what the coupons are worth.
There is no deception here: they are supposed to be used for gambling, and get paid the face value if won.
I don't see what the issue is here. If it was "$25 free cash", and didn't get it, you have a point. If you walk into a grocery story with a coupon that said "$25 free Gasoline" and was offered $25 in free turkey, that would be an issue.
You are getting 1 free bet of $25. The value stated on the coupon is not $25. It does not state "one free bet worth $25". It states "$25 free bet".
Quote: PaigowdanWell, what is the real value of a "cash money" casino chip - when it is in action?
Once a $25 chip is bet, it's value "in action" is then $12.32 or so - until the bet is resolved.
Wow, that is completely wrong. Why do you think that? Where did you get that number from?
Quote: AxiomOfChoiceWow, that is completely wrong. Why do you think that? Where did you get that number from?
Yeah, casinos are complicated enough. All you guys who disagree are only looking at things from the perspective of "you can't complain about a gift."
I'm not complaining about the gift though. I'm complaining about how it's given.
There's nothing wrong with receiving any gift assuming it has positive value.
But there are right and wrong ways to give a gift.
The subject is specifically on the method in which the gift is given in such a way as to create conflicts and confusion.
It's not even that it's half versus full value.
It's the fact that some people get confused, and then there is unhappiness.
Quote: AhighBut I guess some people like being confused and then to go on and argue. Just not my thing. I like to be HAPPY and I like to HAVE FUN!
I, too, like to be happy and have fun, rather than complaining at length about a simple practice that is universally understood.
Any time any establishment wants to bestow any match play or direct bet coupons, my email address is available 24/7. Some fine techniques are available to maximize returns. This is one of the good places to find out about them.
Quote: AhighThis is me being unhappy with how the Las Vegas (oh we are so hurting here) casinos treat less intelligent customers.
All casinos all over the world are basically Darwinian. Thank goodness they aren't one of those youth sports leagues where everybody is "a winner" and receives "awards" and other adulation and nobody ever loses and goes home sad. If you are so concerned for the "less intelligent customers," be sure to tell that to the math folks when they're formulating their calculus reports.
Quote: SanchoPanzaQuote: AhighThis is me being unhappy with how the Las Vegas (oh we are so hurting here) casinos treat less intelligent customers.
All casinos all over the world are basically Darwinian. Thank goodness they aren't one of those youth sports leagues where everybody is "a winner" and receives "awards" and other adulation and nobody ever loses and goes home sad. If you are so concerned for the "less intelligent customers," be sure to tell that to the math folks when they're formulating their calculus reports.
Yeah, I'm not against taking their money. Just against making them feel horrible in the process. That's all. Nobody comes back to to have a terrible time. Some people have money to lose and if they enjoy it, awesome.
It's just the people that don't enjoy their first time experiences and get the impression that the casinos are just acting like fools with stupid two-bit tricks instead of providing an entertaining experience.
Quote: AhighYeah, I'm not against taking their money. Just against making them feel horrible in the process. That's all.
Losing, whether it be money or athletic contests, job competitions or beauty pageants is a natural part of living. And so is feeling sad, sorry, horrible or whatever "in the process." The downsides actually make the upsides sweeter.
Here's what the FTC has to say about the resort fees that are so common they have the term "drip pricing."
http://www.dailyfinance.com/2012/12/05/ftc-warns-hotel-chains-to-stop-hidden-resort-fees-drip-prici/
I am not saying this is not normal. I am saying that it SHOULD be unacceptable.
You guys that say that "this is the way the world is today" are part of the problem too.
You want to spend your time clicking through a bunch of extra bullshit just to book a freaking room as part of being "competitive" in life.
Let me tell you that I know that I don't.
What a waste of precious time on this earth spending time figuring out how to bet a free coupon according to some stupid rules or figuring out who has resort fees and who doesn't.
It's just a waste! And you can blame corporate management at the casinos for this problem. 100% of it.
Nobody should put up with this. Just advertise the TRUE price/value, both on the coupons AND on the room rate.
Quote: AhighThe problem is the deception in what the coupons are worth.
I think you're evaluating "worth" using an expected value computation when that's not apples-to-apples with the face value of a redeemable casino chip. A green chip has $25 written on it. It's not deceptive to hold that a green chip is still worth $25 after it's wagered on the passline and the dice are in the air, even though the EV of that chip is now less than $25.
If I give you a green chip, it's fair to say I gave you $25. It's even fair to say I gave you $25 if I require you to bet it in a casino game, thereby making its EV less than $25.
Where the confusion for first-timers comes into play is, I believe, that giving you a $25 chip is different than giving you a credit to make a $25 bet. If I give you a $25 chip and you win on the passline, you now have $50. But suppose instead of giving you a green chip outright, I loan a green chip to you for just one bet, and then you make a $25 passline bet with my chip. If you lose, no big deal, but if you win I get my chip back and you keep the $25 in winnings. The EV of that loan is far less than the $25 face value of the chip. It's still fair to say that I gave you a $25 bet though, because that's exactly what you did with my money. However, in most casinos, that's exactly how a free bet coupon behaves. They're letting you borrow $25 to make a bet, they're not giving you $25 to play with win or lose. The $25 free bet is worth $25 in handle, not $25 in bankroll.
So maybe there's a marketing change that table operators can use to help distinguish free money from free action. Maybe they can explain it using language similar to the above, where it's basically borrowing money from the house to make the bet so it's clear that the casino gets the money back after the bet is finished. In the final analysis, I really don't know how much of a problem this is anyway. It seems that the vast majority of table games players would fall into two categories: (a) those who will never have to deal with free bets or table promos; and (b) those who are experienced handling free bet chips. The remainder, which in my estimation is a very small fraction of table game players, are those who are receiving the chips for the very first time and have never made a bet with them before. It doesn't take very long to figure out what's happening.
Quote: MathExtremistWhere the confusion for first-timers comes into play is, I believe, that giving you a $25 chip is different than giving you a credit to make a $25 bet. If I give you a $25 chip and you win on the passline, you now have $50. But suppose instead of giving you a green chip outright, I loan a green chip to you for just one bet, and then you make a $25 passline bet with my chip. If you lose, no big deal, but if you win I get my chip back and you keep the $25 in winnings. The EV of that loan is far less than the $25 face value of the chip. It's still fair to say that I gave you a $25 bet though, because that's exactly what you did with my money. However, in most casinos, that's exactly how a free bet coupon behaves. They're letting you borrow $25 to make a bet, they're not giving you $25 to play with win or lose. The $25 free bet is worth $25 in handle, not $25 in bankroll.
So maybe there's a marketing change that table operators can use to help distinguish free money from free action. Maybe they can explain it using language similar to the above, where it's basically borrowing money from the house to make the bet so it's clear that the casino gets the money back after the bet is finished. In the final analysis, I really don't know how much of a problem this is anyway. It seems that the vast majority of table games players would fall into two categories: (a) those who will never have to deal with free bets or table promos; and (b) those who are experienced handling free bet chips. The remainder, which in my estimation is a very small fraction of table game players, are those who are receiving the chips for the very first time and have never made a bet with them before. It doesn't take very long to figure out what's happening.
The thing is that there is nothing to explain at all and no limitation on where you can bet if you simply put half the value on the coupon compared to what's currently put on there.
Everyone wants to explain as if I don't understand. But I do.
I'm not sure everyone else understands my point though.
NOBODY would be confused AT ALL if you did it the other way around.
CONFUSION is bad.
Just like the resort fees, it will take laws, not ethical employees, to get back to a policy that is actually beneficial for the entire industry. Doing this retarded sort of competing with other companies is what drives businesses into the ground.
What's next? The casinos hire kids to "watch you car" while you're in the casino and if you don't pay them your car gets vandalized? I hate mentioning stuff like this, because apparently there are no boundaries for these guys!
Quote: AhighThe thing is that there is nothing to explain at all and no limitation on where you can bet if you simply put half the value on the coupon compared to what's currently put on there.
They're not the same situation though, at least for non-even-money bets.
A $100 standard free bet on first dozen in roulette pays $200 and no coupon.
If you halve the value, you have a $50 bet. Even if you exchange the coupon for cashable chips after a winning bet, it's still not equivalent: $50 coupon pays $150 and no coupon, or $50 less than the $100 standard version pay. Am I misunderstanding?
Quote: MathExtremistThey're not the same situation though, at least for non-even-money bets.
A $100 standard free bet on first dozen in roulette pays $200 and no coupon.
If you halve the value, you have a $50 bet. Even if you exchange the coupon for cashable chips after a winning bet, it's still not equivalent: $50 coupon pays $150 and no coupon, or $50 less than the $100 standard version pay. Am I misunderstanding?
I'm just saying whatever coupons a place is sending out now, send all coupons with half the marked value.
When the coupon wins, replace the coupon with the amount shown on the coupon AND pay the win.
That's the absolute BEST case that ANYONE could imagine.
And if anybody is confused, they will not be unhappy to receive more money than they expected.
Simplicity.
Some people might remember that 20 years ago the stock market used fractions. I'm pretty sure that was a waste of time too.
There are lot of examples of things that just make sense being simpler if you can do away with the past and what you have learned as being "normal."
Quote: AhighI'm just saying whatever coupons a place is sending out now, send all coupons with half the marked value.
When the coupon wins, replace the coupon with the amount shown on the coupon AND pay the win.
That's the absolute BEST case that ANYONE could imagine.
No, because I pointed out an example of how you end up with more money under the current scenario than with your "half-value" scenario. If I hand out a $100 free bet to Mr. A, and you hand out a $50 "fair-value" coupon to Mrs. B, and A and B both make a bet that pays off at N-to-1 (N>1) and they win that bet, Mr. A always walks away with more money than Mrs. B.
Another example, the hard 4 bet. With $100, Mr. A wins $700. With $50 and cash-on-win, Mrs. B wins $400. Any other long-odds bet is the same; Mr. A always wins an additional N-1 * the value of your coupon when compared to Mrs. B.
