Poll

17 votes (89.47%)
2 votes (10.52%)

19 members have voted

FatGeezus
FatGeezus
Joined: Jun 12, 2010
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May 9th, 2011 at 10:33:59 AM permalink
I received an invitation for a free $100K Black Jack tournament.

There will be 49 semi-finalists. The winners at each table (7?) will advance to the final table.

The players who come in 2nd at each of the (7?) tables will receive a $500 Match Play Coupon.

I wouldn't consider the $500 Match Play coupon a prize. In order to use the coupon you have to use $500 of your money. That's why it's called Match Play. It is a one shot deal. You will either win $1000 or lose $500.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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May 9th, 2011 at 10:41:40 AM permalink
Fat- the coupon is worth somewhere around $240 depending on what game you play. If it was sellable i would guess you could get at least $225 for it. Whether you personally have the gumption to make a $500 bet is another question. If you are allowed to bet it on the pass line and simultaneously bet 750 on the don't pass line, then you can make $250 35 out of 36 times. You will lose $500 1 out of 36. Seems worth it to me.
Keyser
Keyser
Joined: Apr 16, 2010
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May 9th, 2011 at 10:42:23 AM permalink
Regarding your match play coupon of $500.

I've had some like that as well. What some casinos will do is allow you to break that down into a series of smaller coupons that total the same amount. Try asking at the cashier window or a pitboss.
DJTeddyBear
DJTeddyBear
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May 9th, 2011 at 10:42:48 AM permalink
While I believe you COULD use the match play for less than face value, what's the point?

That seems awfully irrational of them. But then again, who said casino management was rational?

Are you sure about that prize? Maybe it's a typo. Maybe its supposed to be a $50 match play.

Or maybe it's 20 $25 match plays.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗
Keyser
Keyser
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May 9th, 2011 at 10:46:03 AM permalink
Casinos will frequently hand out match play coupons that large, and sometimes much larger.

Breaking down the coupon into a series of smaller coupons reduces the chance that you will lose a larger amount of money trying to win with the coupon.

Some casinos will break the coupons down, some won't.
FatGeezus
FatGeezus
Joined: Jun 12, 2010
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May 9th, 2011 at 6:35:03 PM permalink
Quote: DJTeddyBear

While I believe you COULD use the match play for less than face value, what's the point?

That seems awfully irrational of them. But then again, who said casino management was rational?

Are you sure about that prize? Maybe it's a typo. Maybe its supposed to be a $50 match play.

Or maybe it's 20 $25 match plays.



"Second place finisher at each table will receive a $500 Match Play coupon redeemable at Caesars, Harrah's, Showboat or Bally's."

"Offer non-transferable. Invited guests only. Participating guest must play round one. Winners responsible for all state and federal taxes. Match Play coupon is valid on Blackjack, Baccarat (player bet only), Mini-Baccarat (player bet only), Asian Poker, Roulette (""red", "1 - 18" or "even" bet only), Caribbean Stud Poker (ante bet only), Pai Gow, Pai Gow Poker, Craps (Pass wager only). Match Play coupon is valid for one wager, is non-transferable and has NO cash value. Only one coupon per wager. Your wager may exceed the stated value of the coupon, but in that event Caesars Entertainment will only match the stated value of the coupon. Total Rewards card and valid ID required."
teddys
teddys
Joined: Nov 14, 2009
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May 9th, 2011 at 7:06:12 PM permalink
With collusion you could pull off a hedge for $250, if you don't catch the attention of the pit boss. That's what I would do.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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May 9th, 2011 at 7:28:19 PM permalink
Quote: FatGeezus

"Second place finisher at each table will receive a $500 Match Play coupon redeemable at Caesars, Harrah's, Showboat or Bally's."

Now it all makes sense.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗
SanchoPanza
SanchoPanza
Joined: May 10, 2010
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May 10th, 2011 at 5:58:48 AM permalink
Quote: SOOPOO

If you are allowed to bet it on the pass line and simultaneously bet 750 on the don't pass line, then you can make $250 35 out of 36 times. You will lose $500 1 out of 36.


Which is easy enough to hedge with, say, $17 on boxcars.

Why would anyone consider not using the coupon?
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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May 10th, 2011 at 6:36:57 AM permalink
Hmmm....

Ordinarily, there's the "Thou shalt not hedge" command. I think this may be an exception. But make it $24, not $17 on the 12. (What's an extra seven bucks between friends?)


$500 + 500mp Pass, $750 Don't Pass, $24 boxcars.

Net win of $226, $226 or $220.

Yeah, I say if they let you do it, DO IT!
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗

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