djatc
djatc
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May 2nd, 2015 at 2:04:07 PM permalink
so i have an offer to stay at a casino, with a minimum of $500 in promo chips. My plan, straight up was to play 25 a hand at bj for less house edge exposure. I was considering using a confederate to make offsetting bets but i would first have to find them, and trust they will pay me. I would offset bets myself but i probably wont get away with it. Any tips and tricks besides the ones i just wrote? I am going to try and negotiate freeplay as its easier to "wash".
"Man Babes" #AxelFabulous
mcallister3200
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May 2nd, 2015 at 2:46:25 PM permalink
I'd just fade the variance and play $25 a hand. Having a confederate play the opposite essentially doubles the expected loss due to twice the bets just to lower the variance. If it was a huge amount of money my answer might be different, but a couple hundred swing either way isn't really going to have an effect on your bankroll utility I'm assuming. Doesnt Shack have some sort of rule in his ten commandments not to hedge unless it's a significant amount of money?
djatc
djatc
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May 2nd, 2015 at 3:05:45 PM permalink
I forgot to ask if there were any good craps/roulette/baccarat systems for converting my chips to cash 1:1.
"Man Babes" #AxelFabulous
RS
RS
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May 2nd, 2015 at 3:13:42 PM permalink
Quote: djatc

I forgot to ask if there were any good craps/roulette/baccarat systems for converting my chips to cash 1:1.



Yeah, you bet them on the don't pass line.
Ibeatyouraces
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May 2nd, 2015 at 3:53:00 PM permalink
Are they "play till you lose" chips?
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teddys
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May 2nd, 2015 at 5:13:06 PM permalink
I would play 'em on three card if they let you.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
djatc
djatc
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May 2nd, 2015 at 5:27:50 PM permalink
Quote: RS

Yeah, you bet them on the don't pass line.



There's got to be another step. Should I snap my fingers and yell "WOOooo!" To influence the dice?
"Man Babes" #AxelFabulous
ThatDonGuy
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May 2nd, 2015 at 5:55:08 PM permalink
Quote: djatc

I forgot to ask if there were any good craps/roulette/baccarat systems for converting my chips to cash 1:1.


It depends on what you mean by 1:1, since you also mention offsetting bets.

If you mean starting out with $500 in promo chips and ending with $500 in cash, you've just asked how to double your money (assuming each win with a promo chip replaces it with an actual chip of the same value).

If, on the other hand, you want to convert $500 in promo chips to $250, I think the best way is matching pass and don't pass bets on craps. If you bet $250 on pass and $250 on don't, the only way you don't end up with $250 cash is if the come out roll is a 12, in which case I assume you still have the $250 in promo chips that were on the don't; take $125 of those and put them on pass. This is better than $250 red / $250 black in roulette as there is a 1/19 chance that you end up with zero.
djatc
djatc
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May 2nd, 2015 at 6:08:07 PM permalink
Quote: ThatDonGuy

It depends on what you mean by 1:1, since you also mention offsetting bets.

If you mean starting out with $500 in promo chips and ending with $500 in cash, you've just asked how to double your money (assuming each win with a promo chip replaces it with an actual chip of the same value).

If, on the other hand, you want to convert $500 in promo chips to $250, I think the best way is matching pass and don't pass bets on craps. If you bet $250 on pass and $250 on don't, the only way you don't end up with $250 cash is if the come out roll is a 12, in which case I assume you still have the $250 in promo chips that were on the don't; take $125 of those and put them on pass. This is better than $250 red / $250 black in roulette as there is a 1/19 chance that you end up with zero.



What's the likelihood of the pb letting me make this bet? I see people get denied all the time making offsetting bets. I never use promo chips, free play is worth a lot more but this time I can only get table promo chips.

Yes they are play till you lose chips.
"Man Babes" #AxelFabulous
RS
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May 2nd, 2015 at 6:10:45 PM permalink
Quote: djatc

There's got to be another step. Should I snap my fingers and yell "WOOooo!" To influence the dice?



No "woooo!".

You gotta say some little jingle, like, " papa need new shoes, ace deuce dice!!" Then grunt and snap your fingers simultaneously. This ensures a field number will be rolled, primarily the 2, 12, and to a smaller extent the 3.
ThatDonGuy
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May 2nd, 2015 at 6:56:16 PM permalink
Quote: djatc

Yes they are play till you lose chips.


Somebody get me up to speed on how these work - is it that if you win, they pay off in real chips and you keep the promos as well (as opposed to replacing the promos with real chips, which is how I thought promos worked)?
Ibeatyouraces
Ibeatyouraces
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May 2nd, 2015 at 7:02:23 PM permalink
Quote: djatc

What's the likelihood of the pb letting me make this bet? I see people get denied all the time making offsetting bets. I never use promo chips, free play is worth a lot more but this time I can only get table promo chips.

Yes they are play till you lose chips.


Blackjack will get you the best overall return.

https://www.blackjackinfo.com/knowledge-base/other-games/beyond-coupons/
DUHHIIIIIIIII HEARD THAT!
SanchoPanza
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May 2nd, 2015 at 8:46:46 PM permalink
Quote: ThatDonGuy

If you bet $250 on pass and $250 on don't, the only way you don't end up with $250 cash is if the come out roll is a 12 . . . .

Putting $10 on boxcars should take care of that.
djatc
djatc
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May 3rd, 2015 at 1:23:19 AM permalink
Quote: ThatDonGuy

Somebody get me up to speed on how these work - is it that if you win, they pay off in real chips and you keep the promos as well (as opposed to replacing the promos with real chips, which is how I thought promos worked)?



Pretty much. Win a bet, receive a chip equal to your promo chip amount, promo still stays in play.
Lose the bet, lose the promo chip.

I wish i can play these on uth, i like the fact i can bet more when the odds are better for me to win.
"Man Babes" #AxelFabulous
RS
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May 3rd, 2015 at 3:20:37 AM permalink
Quote: djatc

Pretty much. Win a bet, receive a chip equal to your promo chip amount, promo still stays in play.
Lose the bet, lose the promo chip.

I wish i can play these on uth, i like the fact i can bet more when the odds are better for me to win.



I recommend you play a game with the lowest house edge. Most likely craps.


Now, for all those people out there who talk about combining the house edge on the pass line and the odds -- THIS is a scenario where that type of calculation would make sense: compare which game you can put down your action at the lowest HE overall.

I recommend not playing these chips in UTH or a carnival game -- less EV and higher variance. Plus, UTH is a f****ng awful game, sometimes. [well only when you lose]

I say play the min you can on the pass or don't pass and do the most amount of odds -- that is, if you want to maximize your EV.
teddys
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May 3rd, 2015 at 6:13:58 AM permalink
If they are play til you lose, you should play them on blackjack like BeatYourAces says.

I've played them on the odds bet in craps before, too. Depends how much variance you want.

I don't know how the doubling/splitting works in blackjack, e.g., when you should use the promo chip or real money to split or double.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
Mission146
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May 4th, 2015 at 9:32:52 PM permalink
Quote: teddys

If they are play til you lose, you should play them on blackjack like BeatYourAces says.

I've played them on the odds bet in craps before, too. Depends how much variance you want.

I don't know how the doubling/splitting works in blackjack, e.g., when you should use the promo chip or real money to split or double.



That's correct, as many people have already pointed out, Optimal use would be on Blackjack...and it's not close.

I believe that, because Non-Negotiable chips play just like chips of any other kind, it doesn't matter whether you use Non-Negotiable chips or cash as the EV of the optional bet itself will always be the same. One might argue that betting a promotional chip (instead of cash) will return cash and the NN chip back on a win, in which event the NN chip must be re-wagered at a negative expectation...However, if you're playing cash instead of the NN in the first place, then every NN chip you wager is at the same negative expectation, unless you're counting.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
djatc
djatc
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May 4th, 2015 at 9:49:28 PM permalink
I ended up playing blackjack and pai how tiles, because I wanted to learn the game. They only gave me $100 vouchers, could not break it down. For a game that had a lot of pushes I lost a lot of hands lol
"Man Babes" #AxelFabulous
rudeboyoi
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May 4th, 2015 at 11:13:58 PM permalink
Quote: djatc

I ended up playing blackjack and pai how tiles, because I wanted to learn the game. They only gave me $100 vouchers, could not break it down. For a game that had a lot of pushes I lost a lot of hands lol



I've played two hands of pai gow tiles in the casino in my life. Pushed half of them. Won half of them.
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