$500 in Free Play
I normally play single line deuces wild. The quarter to dollar deuces odds at my casino are 97%. The $5 games are 98.9%. If I played $25 a hand, I could only play 20 hands. I decided to play the $5 game at single coin. If I hit a royal, I was prepared to win $1,250. This strategy worked out great. When I used up my $500 in free play, I had $800 in tickets and went home happy.
What would you have done?
Quote: SingleCoinVPAfter years of going to the casino, I finally had my name called in a drawing. They called my name while I was eating lunch. I had 10 minutes to get to the player's club and I made it on time. They told me I had won $500 in free play and had 24 hours to play it all. What to do?
I normally play single line deuces wild. The quarter to dollar deuces odds at my casino are 97%. The $5 games are 98.9%. If I played $25 a hand, I could only play 20 hands. I decided to play the $5 game at single coin. If I hit a royal, I was prepared to win $1,250. This strategy worked out great. When I used up my $500 in free play, I had $800 in tickets and went home happy.
What would you have done?
Tried to sell it for money I’d start out at 300 and and work my way down to make the deal more appealing
I could play video Roulette, but the casino may disallow that game because the casino refuses to believe there's a house edge on every bet.
I could play 2 spot Keno, but the payouts are absolutely abysmal unless I hit some multiplier.
I could play some 80 coin penny slot and try to win $15,000.
I could play some quarter Double Diamond slot machine with a $1000 jackpot.
If there was a No Craps Craps Machine, I'd bet on the 6 or 8.
But yeah, video poker? I dunno. Good game you won there.
Quote: SingleCoinVPAfter years of going to the casino, I finally had my name called in a drawing. They called my name while I was eating lunch. I had 10 minutes to get to the player's club and I made it on time. They told me I had won $500 in free play and had 24 hours to play it all. What to do?
I normally play single line deuces wild. The quarter to dollar deuces odds at my casino are 97%. The $5 games are 98.9%. If I played $25 a hand, I could only play 20 hands. I decided to play the $5 game at single coin. If I hit a royal, I was prepared to win $1,250. This strategy worked out great. When I used up my $500 in free play, I had $800 in tickets and went home happy.
What would you have done?
Since you would play ANYWAY the free play just replaces $500 you would have brought with you. The question on "what to do" implies that you want to walk away with as close to the free play total as possible. That would apply if you weren't going to expose any of your money to the game otherwise.
Congrats on the win. When I get a match play it somehow feels better to win than if just using my own money for an equal sized bet.
1) I would never play that normally.
2) If I hit a spin it’s big bux.
So, big thrills.
It really depends on your personality. I love risk, but because I have a sense of proportionality and a gambling budget I can’t play that high dollar stuff. With the opportunity afforded by the free play I get the chance to scratch an itch.
By the way, this did happen to me as well, years ago. I frittered it all away on a few crappy machines at $3/pull or something like that. Never again.
Quote: MoscaFive spins in the $100 Wheel of Fortune.
1) I would never play that normally.
2) If I hit a spin it’s big bux.
So, big thrills.
It really depends on your personality. I love risk, but because I have a sense of proportionality and a gambling budget I can’t play that high dollar stuff. With the opportunity afforded by the free play I get the chance to scratch an itch.
By the way, this did happen to me as well, years ago. I frittered it all away on a few crappy machines at $3/pull or something like that. Never again.
I like the go big thing but I would do something a little smaller. Like a $10 wof. Get a chance for a huge pay plus a decent chance to at least pull a hundred or 2 from it.
You would sell your $500 in free play for around $300?Quote: heatmapTried to sell it for money I’d start out at 300 and and work my way down to make the deal more appealing
I would have to think about it, sounds a little steep for the buyer to me, however, let me know if you ever find yourself with a bunch of free play you are looking to sell. It might be very generous of me, but, I think I might be able to do about 67% of face value. That's only because I like you. I just hope you would really appreciate just how generous that would be of me. It really breaks my heart to see a fellow gambler stuck with free play that's holding him back from his favorite table games. #BIGHEARTAXELWOLF
Quote: AxelWolfYou would sell your $500 in free play for around $300?
I would have to think about it, sounds a little steep for the buyer to me, however, let me know if you ever find yourself with a bunch of free play you are looking to sell. It might be very generous of me, but, I think I might be able to do about 67% of face value. That's only because I like you. I just hope you would really appreciate just how generous that would be of me. It really breaks my heart to see a fellow gambler stuck with free play that's holding him back from his favorite table games. #BIGHEARTAXELWOLF
I don’t want to go against the house edge at all and that’s a decent amount of money if I were
to find someone to buy it
And the offer was attractive enough for you to consider it immediately and we’re both happy
I personally think this is how some members here make money on free play periodically
I value free play at about 85%, and would certainly pay more than 60% for any in amounts that make it worth my while.
GO AWAY BILL!!!Quote: billryanIt's how people lose money. If you were to play 100 spins on a really bad 100 play video poker machine at $5 a pop, you'd cash out much more than $300 90% of the time, maybe 95%.
I value free play at about 85%, and would certainly pay more than 60% for any in amounts that make it worth my while.
GO AWAY BILL!!!Quote: billryanIt's how people lose money. If you were to play 100 spins on a really bad 100 play video poker machine at $5 a pop, you'd cash out much more than $300 90% of the time, maybe 95%.
I value free play at about 85%, and would certainly pay more than 60% for any in amounts that make it worth my while.
The $500 in freeplay, if not restricted to even money bets, is worth many, many multiples of $500, or I am greatly mistaken. ........... editing this, I was mistaken
However, there is risk of not getting anything but your money back, but there is no risk of losing money. This last bit I believe is the key factor to grasp.
[edit: forget that quote]
If not restricted, the smartest way to play means the value of the $500 is close to 100%
For example, playing one number in 00 roulette for the full amount, the value is the odds of hitting that number times $500, minus the odds of losing times $500. But note that the odds of losing are zero.
thus, [$500 * 35] * [1/38] -0 = $460.52
460.52/500 = 92%
500 * 35 * 1/37 -0 = 472.97
472.97/500 = 94.6% for single zero roulette
I have asked the Wizard to delve into this on such things as his live you-tube videos, but he never does. I actually wonder if it is considered best that nearly everyone does it wrong from the perspective of certain wolfish APs etc.
Quote: AxelWolfYou would sell your $500 in free play for around $300?
I would have to think about it, sounds a little steep for the buyer to me, however, let me know if you ever find yourself with a bunch of free play you are looking to sell. It might be very generous of me, but, I think I might be able to do about 67% of face value. That's only because I like you. I just hope you would really appreciate just how generous that would be of me. It really breaks my heart to see a fellow gambler stuck with free play that's holding him back from his favorite table games. #BIGHEARTAXELWOLF
For AP's I agree. Thats overpriced.
But not for ploppies.
Consider the Sands bus hustlers sell their $45 freeplay for $40.
It you have either version of promotional chips I'd play craps with a partner, offset, and turn it into $500 real money minus the occasional 12.
If it was just machine play then I'd give the whole thing to my wife and let her enjoy it.
The bus fumes must be a record high's today.Quote: darkozFor AP's I agree. Thats overpriced.
.
That was pretty much a joke of an offerI was making. Under right cucustances I would pay 99.5% of face value for free play. I have no idea why you( TMFWSAPOTEC) agree that's too high of an offer for an AP? Facepalm*
Quote: AxelWolfThe bus fumes must be a record high's today.
That was pretty much a joke of an offerI was making. Under right cucustances I would pay 99.5% of face value for free play. I have no idea why you( TMFWSAPOTEC) agree that's too high of an offer for an AP? Facepalm*
"Under the right circumstances" is a pretty big disclaimer.
Under general circumstances I wouldn't pay more than 50% face value.
Also, many casinos here on the East Coast disallow freeplay at e-games, VP and VBJ.
So if u think paying 99.5% face value for some slot machine freeplay is a great value... well, I guess thats why I am the one most feared by casinos.
EDIT: and I think any letter designations longer than LMFAO should be disallowed. I have no idea whst TMF...blah blah blah means.
DOUBLE EDIT: Take out the S. I am well known. Not secretive
Quote: darkoz
EDIT: and I think any letter designations longer than LMFAO should be disallowed. I have no idea whst TMF...blah blah blah means.
DOUBLE EDIT: Take out the S. I am well known. Not secretive
This right here sums up alot. Contradict much?
Quote: MaxPenThis right here sums up alot. Contradict much?
Yes, its called AP cover play.
Make the casinos think you are their best customer
Meanwhile rape them silly.
AP is all about contradiction
Where did I say paying 99.5% of FP was great value? I said, under the right circumstance I would buy it for that price. Obviously, thats not a deal I would be seeking out. Most AP's and many non AP's know what I'm talking about in undstanding there's +EV there. It doesn't surprise me that you don't.Quote: darkoz"Under the right circumstances" is a pretty big disclaimer.
Under general circumstances I wouldn't pay more than 50% face value.
Also, many casinos here on the East Coast disallow freeplay at e-games, VP and VBJ.
So if u think paying 99.5% face value for some slot machine freeplay is a great value... well, I guess thats why I am the one most feared by casinos.
EDIT: and I think any letter designations longer than LMFAO should be disallowed. I have no idea whst TMF...blah blah blah means.
DOUBLE EDIT: Take out the S. I am well known. Not secretive
Let me give you an example. Recently there were some full pay $2 and 1 5 play duces wild at the DTG. They clock in at little over 100.7 %. Assuming you were there playing anyways or wanted to. If you were to buy a large amounts of free play from someone for 99.5% of face value, you would increase your hourly significantly.
The fact that you wouldn't buy free play for more than 50% is very telling. That will make a great chapter in your book.
51%+ would be a fantastic deal on just about any slot machine in the United States. Obviously 99.5% would only be +EV rare circumstances.
p.s. I would name that book chapter for you, however, I'm sure it would get me suspended.
Quote: AxelWolfWhere did I say paying 99.5% of FP was great value? I said, under the right circumstance I would buy it for that price. Obviously, thats not a deal I would be seeking out. Most AP's and many non AP's know what I'm talking about in undstanding there's +EV there. It doesn't surprise me that you don't.
Let me give you an example. Recently there were some full pay $2 and 1 5 play duces wild at the DTG. They clock in at little over 100.7 %. Assuming you were there playing anyways or wanted to. If you were to buy a large amounts of free play from someone for 99.5% of face value, you would increase your hourly significantly.
The fact that you wouldn't buy free play for more than 50% is very telling. That will make a great chapter in your book.
51%+ would be a fantastic deal on just about any slot machine in the United States. Obviously 99.5% would only be +EV rare circumstances.
p.s. I would name that book chapter for you, however, I'm sure it would get me suspended.
wait so DO wont pay 50% but will ride the bus for $40 in free play?
Quote: AxelWolfWhere did I say paying 99.5% of FP was great value? I said, under the right circumstance I would buy it for that price. Obviously, thats not a deal I would be seeking out. Most AP's and many non AP's know what I'm talking about in undstanding there's +EV there. It doesn't surprise me that you don't.
Let me give you an example. Recently there were some full pay $2 and 1 5 play duces wild at the DTG. They clock in at little over 100.7 %. Assuming you were there playing anyways or wanted to. If you were to buy a large amounts of free play from someone for 99.5% of face value, you would increase your hourly significantly.
The fact that you wouldn't buy free play for more than 50% is very telling. That will make a great chapter in your book.
51%+ would be a fantastic deal on just about any slot machine in the United States. Obviously 99.5% would only be +EV rare circumstances.
p.s. I would name that book chapter for you, however, I'm sure it would get me suspended.
Its telling to me that you consider 1 or 2% worth your time. It explains why you need to drive all over the country to make a living.
Me, I am looking for the big profits.
50% face value of freeplay is all I am willing to pay.
Naturally if someone want to take their chance on making more than 50% thats on them. But I am not traveling all over and doing the work (and to me its work not fun) for a 1% advantage
I thought you were bigger than that smidgen play?
Quote: darkozIts telling to me that you consider 1 or 2% worth your time. It explains why you need to drive all over the country to make a living.
Me, I am looking for the big profits.
50% face value of freeplay is all I am willing to pay.
Naturally if someone want to take their chance on making more than 50% thats on them. But I am not traveling all over and doing the work (and to me its work not fun) for a 1% advantage
I thought you were bigger than that smidgen play?
And here he goes again hoping someone will explain something to him that he does not understand.
Quote: MaxPenAnd here he goes again hoping someone will explain something to him that he does not understand.
Lol
Stop fantasizing about me.
You can only guess
2% on a 1$ multi line VP is worth $3,000 to $10,000 a day not including anything else that might generate.Quote: darkozIts telling to me that you consider 1 or 2% worth your time. It explains why you need to drive all over the country to make a living.
Me, I am looking for the big profits.
50% face value of freeplay is all I am willing to pay.
Naturally if someone want to take their chance on making more than 50% thats on them. But I am not traveling all over and doing the work (and to me its work not fun) for a 1% advantage
I thought you were bigger than that smidgen play?
Quote: AxelWolf2% on a 1$ multi line VP is worth $3,000 to $10,000 a day not including anything else that might generate.
We are talking about freeplay per the OP
So you are telling me if you were offered $500 in freeplay you would pay $499.50 for it.
And then turn that into $3000 - $10,000 PROFIT ABOVE WHAT U PAID?
I am referring to only cycling it once thru. Not doing $3,000 of coin in after u finish the freeplay.
EDIT: and as I pointed out I dont have that type of opportunity on the East Coast. If you find a VP machine that even accepts freeplay on this side of the country I have yet to see any machines over 100%
Quote: darkozWe are talking about freeplay per the OP
So you are telling me if you were offered $500 in freeplay you would pay $499.50 for it.
And then turn that into $3000 - $10,000 PROFIT ABOVE WHAT U PAID?
I am referring to only cycling it once thru. Not doing $3,000 of coin in after u finish the freeplay.
EDIT: and as I pointed out I dont have that type of opportunity on the East Coast. If you find a VP machine that even accepts freeplay on this side of the country I have yet to see any machines over 100%
You can use Freeplay on VP at Wind Creek in PA
Quote: michael99000You can use Freeplay on VP at Wind Creek in PA
Yeah, formerly the Sands.
Where bus riders sell their $45 freeplay for $40.
I haven't been there in years but that is in line with my argument that the freeplay isnt worth more than 50% except where VP is available for freeplay
It's already been covered(under certain circumstances), of course , I wouldn't go out of my way the do something like that, don't be ridiculous. You damn well know that's not the point. The point was that you would have an advantage in certain circumstances even if you had to pay 99.5% . It seems fairly obvious that's not something you realized.Quote: darkozWe are talking about freeplay per the OP
So you are telling me if you were offered $500 in freeplay you would pay $499.50 for it.
And then turn that into $3000 - $10,000 PROFIT ABOVE WHAT U PAID?
I am referring to only cycling it once thru. Not doing $3,000 of coin in after u finish the freeplay.
EDIT: and as I pointed out I dont have that type of opportunity on the East Coast. If you find a VP machine that even accepts freeplay on this side of the country I have yet to see any machines over 100%
let's get back to what the OP was talking about specifically and why it's ridiculous not to be willing to pay more than 50%.
Let's not in add in a bunch of extra reasons it wouldn't be worth it, like having to pay $300 in airfare or something silly like that.
Remember, this person is already in the casino with their free play and now they're going to go search out somebody to sell it to so that they can go gamble on something else. The Value of that free play to them is worth face value minus the hold on the machine assuming they play correctly.
You definitely said paying 67% was too much for an that's absolutely ridiculous. I don't think there's a real Advantage player out there that wouldn't highly consider that deal.
I guess if you have to ride the smelly virus-infected bus to Timbuktu it might not be worth it to you.
Quote: AxelWolfthen let's get back to what the OP was talking about specifically.
You think paying 51% of face value of $500 is too much and you wouldn't do it?
You definitely said paying 67% was too much and that's absolutely ridiculous. I don't think there's a real Advantage player out there that wouldn't highly consider that deal.
I guess I drive a hard bargain!
There are people who pay a thousand dollars for gold truffled cheeseburgers.
I dont consider that a great idea but some people do it.
This is a serious question, what's the lowest you would be willing to sell $500 in freeplay for?Quote: darkozI guess I drive a hard bargain!
There are people who pay a thousand dollars for gold truffled cheeseburgers.
I dont consider that a great idea but some people do it.
Quote: RSWait hol’up. DarkOz is being serious about not buying FP above 50%???? Lololololol, I thought he was joking. Wowzers.....that’s....eh, I don’t want to get suspended.
If you are serious about buying freeplay at 99.5% face value as Axelwolf says he is (basically making a $2.50 profit off a $500 purchase)
Then I pretty much will also get suspended for saying what I think.of you
Quote: AxelWolfThis is a serious question, what's the lowest you would be willing to sell $500 in freeplay for?
Hmmm, I cant remember ever selling freeplay. Usually if its too small, i.e. not worth my time I just give it away (albeit to someone I already know so dont start PM'ing me for throwaway freeplay lol)
I suppose for me there would be mitigating factors to determine the lowest I would sell.
How much did it cost me to get that $500 freeplay would be top of the list. Ex. Did I win it as at a drawing or did I lose $xxx dollars doing theoretical coin-in.
Then too, how complicated would the pickup be? I mean if I am selling $500 freeplay awarded me in Las Vegas so anyone I know is gonna have to pay $400 for a flight to pick it up.
Finally, this last one is subjective but it would deoend on what financial mood I am in. Similar to tipping after a major win, I might be more inclined to offer a deal if its just not a big deal to me at the moment. Again, I only would sell my freeplay to people I know, so a little generosity is no biggie
$100 coin in should return at least $80.
$100 free play bought at 60% means you are paying $60 for something worth $80.
While not a home run, it is enough to keep me in the game.
Quote: billryanSlots in AC.pay off at least 80%.
$100 coin in should return at least $80.
$100 free play bought at 60% means you are paying $60 for something worth $80.
While not a home run, it is enough to keep me in the game.
me too. I will buy as many of those that I can. Although I have been burnt once when buying it so still gotta be careful.
Not to be too pedantic, but this is a math-based forum, so I couldn't just let it go:Quote: darkozSo you are telling me if you were offered $500 in freeplay you would pay $499.50 for it.
$500 x 99.5% = $497.50, not $499.50. That's five times the profit you thought Axel was making! ;)
BTW, a few years ago, the Tampa Hard Rock had one $1 9/6 game in their high limit room that paid 250 for 1 on a RF (98.37%), even at max coin. I'm pretty sure it is long gone now. I played it single-coin, without any guilt! Sounds like it would have been your type of machine.
Quote: JoemanNot to be too pedantic, but this is a math-based forum, so I couldn't just let it go:
$500 x 99.5% = $497.50, not $499.50. That's five times the profit you thought Axel was making! ;)
Lol, u got it me.
It was 4am in a different time zone
Too tired to do math properly
EDIT: I just checked. It was 10pm my time. No excuse. Just zoned out lol
Considering how anal Axel is about these things I am surprised it flew over his head too
Thanks. I was shocked when they called my name. I've been going to Tampa since they put in Vegas slots and have never won anything in a drawing. I have sat next to people who have. I would have been happy if they had handed me $500 in cash. As it turned out, I got $800.Quote: DDBCongrats on winning the raffle.
Quote: darkozIf you are serious about buying freeplay at 99.5% face value as Axelwolf says he is (basically making a $2.50 profit off a $500 purchase)
Then I pretty much will also get suspended for saying what I think.of you
In the right circumstances, like if I’m going to be playing anyway, sure why not buy freeplay? Axel isn’t saying he’d buy at that price and go out of his way to go do it. And I don’t care at all what you think of me.
Quote: RSIn the right circumstances, like if I’m going to be playing anyway, sure why not buy freeplay? Axel isn’t saying he’d buy at that price and go out of his way to go do it. And I don’t care at all what you think of me.
I have no problem with you buying freeplay
But saving fifty cents per $100 in freeplay seems ridiculous to me
Quote: darkozI have no problem with you buying freeplay
But saving fifty cents per $100 in freeplay seems ridiculous to me
I guess what we’ve learned here is, one AP’s trash is another AP’s treasure.
I would love to sell my Freeplay for 99.5% of its value.
Quote: michael99000I guess what we’ve learned here is, one AP’s trash is another AP’s treasure.
I would love to sell my Freeplay for 99.5% of its value.
I agree.
RMS and Axel are saying they are willing to BUY freeplay from you for 99.5% of its value
I wouldn't pay more than 50%
Quote: darkoz"Under the right circumstances" is a pretty big disclaimer.
Under general circumstances I wouldn't pay more than 50% face value.
Also, many casinos here on the East Coast disallow freeplay at e-games, VP and VBJ.
So if u think paying 99.5% face value for some slot machine freeplay is a great value... well, I guess thats why I am the one most feared by casinos.
EDIT: and I think any letter designations longer than LMFAO should be disallowed. I have no idea whst TMF...blah blah blah means.
DOUBLE EDIT: Take out the S. I am well known. Not secretive
Well, this is actually correct and why i said what i said. if i had considered i could use it on blackjack or vp i would say if you try and look at my freeplay ill give you an even scarier look back and maybe show you my teeth. no wonder yall are flipping out. whenever i hear free play all i think about are slots. sands bethlehem used to do freeplay for vp but that got taken away apparently for people making too much money off of it. not sure about that though. i understand completely now.
edit
and this fun you guys have been having because of this freeplay makes my last post much more of an ah hah moment for myself. who cares about my first coin in not even me?
edit 2
and i quoted the wrong quote dangit
Quote: ChumpChangeMachines be so tight I can't win better than 66.7%. I've got nobody to sell free plays to.
Same with me. I must be doing something wrong.
I get $500 Freeplay. I play double double bonus using the strategy posted on this site. Yet I typically walk away with only around $375.
