free-play recoupment??
They recoup the value of the free-play offer from your winnings if any.
e.g. lets say you have $100 free-play. You spin $5 twenty times. If you have $200 in the machine, the casino cashes out for the $100 over the original free-play award. The value of the original award is non-redeemable/non-cashable.
If you wind up with only $100 in the machine when you finish the $100 free-play, you walk away with nothing. Ditto for anything you leave with under $100.
This gives the free-play almost no value as the player will rarely leave with any money won based on most slots -EV.
BTW--this is at the Turning Stone Casino in NYS and I have never been there to verify.
But, if this is right, then what's the right way to play it? Max-bet and shoot for the moon? I'm assuming you'd want to load the freeplay in 1 spin increments and cashout after every spin...
is it 1 times play through? I wouldn't mind this if the casino looked at it like you did, "as being worthless" and they gave it away as such. Instead of $100 in normal free play give me a $600 in a recoupment. New signups get 400 in "fake free play"
Quote: AxelWolfThis is a very good idea for casinos
is it 1 times play through? I wouldn't mind this if the casino looked at it like you did, "as
That would never happen, they still have a cost and needs to be carried somwhere, probably on the balance sheet, but i'm no accounting expert.
It would be sweet though, wouldn't it? :)“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
Quote: darkozHas anyone heard of this. A friend of mine told me his local casino does this with free-play which sounds horrible.
They recoup the value of the free-play offer from your winnings if any.
e.g. lets say you have $100 free-play. You spin $5 twenty times. If you have $200 in the machine, the casino cashes out for the $100 over the original free-play award. The value of the original award is non-redeemable/non-cashable.
If you wind up with only $100 in the machine when you finish the $100 free-play, you walk away with nothing. Ditto for anything you leave with under $100.
This gives the free-play almost no value as the player will rarely leave with any money won based on most slots -EV.
BTW--this is at the Turning Stone Casino in NYS and I have never been there to verify.
My experience with freeplay has been to spin the value of it, and if there's a balance left, it can be cashed out to the last dollar. Perhaps this method will allow the casinos to give them away more, but I don't see this as a good development overall.
In roulette.
I'm not positive if that advice pertains to this free play or some other type.
Quote: darkozHas anyone heard of this. A friend of mine told me his local casino does this with free-play which sounds horrible.
They recoup the value of the free-play offer from your winnings if any.
e.g. lets say you have $100 free-play. You spin $5 twenty times. If you have $200 in the machine, the casino cashes out for the $100 over the original free-play award. The value of the original award is non-redeemable/non-cashable.
If you wind up with only $100 in the machine when you finish the $100 free-play, you walk away with nothing. Ditto for anything you leave with under $100.
This gives the free-play almost no value as the player will rarely leave with any money won based on most slots -EV.
BTW--this is at the Turning Stone Casino in NYS and I have never been there to verify.
Just play it on high-variance bets.
I assume that the value, though being non-redeemable, is bettable. That is, if you have $100 freeplay, and make 20 $5 spins, and have $100 left afterwards, you can keep playing it. So the strategy here is to play until you bust out and hit something big.
Also, use it in as small of an increment as possible. 5 $100 freeplays is worth more than one $500 freeplay in this scenario (since you will only have $100 deducted from your big win, should you hit it, instead of $500)
Quote: michael99000Aren't these the type of free plays that the Wizard always recommends to bet the entire amount of it on one long shot bet, in order to get the best value? I.e put it one one number
In roulette.
I'm not positive if that advice pertains to this free play or some other type.
IIRC he was talking about 1 shot win or lose coupons for that, but I could be wrong. Even if he was, this one might also be that type; I don't think this configuration was in the original conversation about freeplay/bonus/sticky, but it seems close to sticky. I think this is the kind you want to play on even-money type bets as you can find so you can build up cashable money above the freeplay amount.
Quote: RSI *think* you would treat the $100 free play as a $100 loss rebate -- play until you've won 150% or quit once you tap out. You want to play high variance machines, but not such high variance that you only get a few spins.
Actually, only getting 1 spin is ideal.
Why would you quit when you win 150% of it? That sounds like a terrible way to play a loss rebate.
However, the free-play is only playable on slots, not e-games like roulette.
I don't know about Turning Stone, if the free-play can be used on table games. If it could, that might not be so bad. I would place $100 of my cash on the first two dozens, and the entire $100 free-play on the third dozen. Throw $15 at the 0/00. Guaranteed you'll leave with at least $85.
As for the science fiction stories, there are six on here so keep reading Babs. I have some more written and was going to compile them into a book.
The best order for reading is:
A FOOLPROOF SYSTEM FOR BEATING ROULETTE
ANOTHER FOOLPROOF SYSTEM FOR BEATING ROULETTE
A FOOLPROOF METHOD FOR ROBBING A CASINO
A NEWCOMB BEING'S PARADOX
A NEWCOMB BEING GOES GAMBLING
BEATING ROULETTE: THE MAN WHO FIGURED OUT HOW
I just checked the Turning Stone website. They are touting a new rewards system and what they are calling "True Free-Play"
At the bottom of the Free-play info it states:
"All wins on Free Play will be added to the Game Credits on the large display – and best of all, you don’t have to pay anything back! You keep ALL THE FREE PLAY!"
http://turningstone.com/gaming/all-new-ts-rewards
Apparently my friend was correct but they've abandoned this idea. I imagine it didn't sit well with most players
