Boz
Boz
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January 30th, 2013 at 11:54:24 AM permalink
Valley Forge Casino in PA sent me a deal for a 1 day Rebate of up to $1500 in Slot Losses. Payback is in 3 equal payments on certain days in April, May and June. I am close enough that this is not a problem. The other rules are no VP, $25 Slots or $100 slots. This would not be a bankroll problem and I really do not play there much to be concerned about lack of play on the return days affecting future offers.

So my question is what would the right play be, if at all? Is the goal to try and hit a decent winner on a $5 slot until you lose $1500? At what point would you quit a winner, if that happened? And then would you play lower volitility video slots with the $500 free play each day? What I mean by this is older video slots that pay back a decent amount of small winners historically where you should get $350 to $400 back running $500 through, with no guarantees.

Or are the overall negative odds something you would just stay away from?

Thanks for all advice.
sodawater
sodawater
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January 30th, 2013 at 12:29:58 PM permalink
the best way to use a loss rebate is to set an extremely high win goal such that the chances of losing the whole 1500 are at least 90%
tringlomane
tringlomane
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January 30th, 2013 at 12:31:58 PM permalink
So you can't play VP to grind the freeplay back either?

I'm not well versed on the math of slot rebates, so I'm not just sure if this rebate offer is really +EV or not. :( It might be, but I have a feeling it isn't by very much.

Step 1 is usually to play the $5 slots to either win "big" or lose the $1500. I dunno how to calculate "big" though; personally I probably quit if I profit > $3k.

If you bust on Step 1, Step 2 is often like you are thinking, find a smaller denomination/lower volatility machine to grind most of it back. I still might pick quarter reel slots over video slots though since their payout is likely a few % higher.
sodawater
sodawater
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January 30th, 2013 at 12:52:40 PM permalink
freeplay is different from loss rebate. i answered OP's question as if it were a loss rebate
Boz
Boz
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January 30th, 2013 at 12:54:28 PM permalink
It is Freeplay in 3 equal amounts over time and does not say if you can or cannot use the freeplay on VP. I just assumed the rules would be the same as the initial slot requirements.
bigfoot66
bigfoot66 
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January 30th, 2013 at 1:16:46 PM permalink
Quote: tringlomane

So you can't play VP to grind the freeplay back either?

I'm not well versed on the math of slot rebates, so I'm not just sure if this rebate offer is really +EV or not. :( It might be, but I have a feeling it isn't by very much.



I would be willing to bet that, assuming the slot machines return something like 92%+ that this is an extremely lucrative promotion if played correctly.
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tringlomane
tringlomane
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January 30th, 2013 at 1:32:38 PM permalink
Quote: bigfoot66

I would be willing to bet that, assuming the slot machines return something like 92%+ that this is an extremely lucrative promotion if played correctly.



They generally do at the quarter level. But that is what I wasn't sure of, if it was profitable with a 92% overall return on both legs. It probably is, but I have no clue by how much. And I have no clue how to play this "optimally".
CrystalMath
CrystalMath
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January 30th, 2013 at 5:12:08 PM permalink
I'm guessing that the bigger the bet, the better. Is it possible to play multi-line $5 machines?
I heart Crystal Math.
rdw4potus
rdw4potus
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January 30th, 2013 at 5:20:56 PM permalink
Quote: Boz

It is Freeplay in 3 equal amounts over time and does not say if you can or cannot use the freeplay on VP. I just assumed the rules would be the same as the initial slot requirements.



I don't think that VF has a way of segregating this freeplay from other freeplay, and their general freeplay definitely works on the multi-line 9/5 JOB machines (I believe that's their best game...so there's THAT...). So, unless they happen to notice where you downloaded the freeplay, I think you may be in the clear on the suck-out side of things.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
tringlomane
tringlomane
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January 30th, 2013 at 5:44:32 PM permalink
Quote: rdw4potus

I don't think that VF has a way of segregating this freeplay from other freeplay, and their general freeplay definitely works on the multi-line 9/5 JOB machines (I believe that's their best game...so there's THAT...). So, unless they happen to notice where you downloaded the freeplay, I think you may be in the clear on the suck-out side of things.



VPFree says 9/6 DDB exists (98.98%) for $25/hand, but I would play 9/5 JoB (98.45%) for as low of a denomination as possible instead since I wouldn't be looking to significantly regamble the freeplay.

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