How much of a +EV play is this?

So the casino I frequent is about to do a pretty good promotion (or at least I think it is)
What they're going to do, is for every $1 in comp you earn, you get $3 cashback AND keep that original $1 in your comp bank.
There is a $500 daily limit to this.
The best game that I have found is 10/6 DDB, which gives back at the rate of .335%
So to earn $1 in comp you just multiply backwards right? $335 coin-in gives you $1 in comp?
EDIT: No more like $298.50 gives you $1 comp.

Quote: TIMSPEED

So the casino I frequent is about to do a pretty good promotion (or at least I think it is)
What they're going to do, is for every $1 in comp you earn, you get $3 cashback AND keep that original $1 in your comp bank.
There is a $500 daily limit to this.
The best game that I have found is 10/6 DDB, which gives back at the rate of .335%
So to earn $1 in comp you just multiply backwards right? $335 coin-in gives you $1 in comp?
EDIT: No more like $298.50 gives you $1 comp.

If that $298.51 actually gets you $1 + $3, you're looking at an effective rate of +1.34%. 10/6 DDB is +0.07% already, so the total is +1.41%.

What does the $500 daily limit apply to -- the $3 in cashback, or the $4 in total comps? That'll impact how much handle you can run through before the promo is done for the day.

The promotions I've seen similar to that have an initial cash back plus comp bank, but exclude over 100 percent games. If this promotion had no cash back to begin with AND allows you to earn from it on a 10/6 ddb machine, then no one should walk in there without giving it a shot up to the daily limit.

The daily Max of $500 is the cash. So in other words, like $160-ish earned comp dollars per day.
Yes, 10/6/40 DDB (99.96) is available for play.

Quote: TIMSPEED

The daily Max of $500 is the cash. So in other words, like $160-ish earned comp dollars per day.
Yes, 10/6/40 DDB (99.96) is available for play.

Isn't it 10/6/50? You mean it only pays 200 for regular quads?

There apparently is a version that pays 50 (like normal) for a Straight Flush; The more common 10/6 version, pays 40 for a straight flush.

Quote: TIMSPEED

There apparently is a version that pays 50 (like normal) for a Straight Flush; The more common 10/6 version, pays 40 for a straight flush.

So the 40 in "10/6/40" referred to the SF? Then the quads are still 50. That's very odd, but I guess they can do anything they like to a vp machine when it's originally programmed, or changed at the casino.

Quote: TIMSPEED

There apparently is a version that pays 50 (like normal) for a Straight Flush; The more common 10/6 version, pays 40 for a straight flush.

The 50/50 version pays back more than 100%, which means it can't be placed in a state like IL (or IN?) where games can't return more than 100%. The 50/40 version pays back a convenient 99.96% and barely complies with the rules in places where games can't return over 100%.

Quote: TIMSPEED

So the casino I frequent is about to do a pretty good promotion (or at least I think it is)
What they're going to do, is for every $1 in comp you earn, you get $3 cashback AND keep that original $1 in your comp bank.
There is a $500 daily limit to this.
The best game that I have found is 10/6 DDB, which gives back at the rate of .335%
So to earn $1 in comp you just multiply backwards right? $335 coin-in gives you $1 in comp?
EDIT: No more like $298.50 gives you $1 comp.

Would you mind sharing the casino name and the duration of the promo?

It's not for everyone, only "VIP" guests, as I've found out...

I don't see how that follows, helicious.

For one thing as far as I know most hotels aren't keen on comping advantage players at a "VIP" level because they're aware that people who make the right advantage plays actually cost them money in the long term. Do you have any reason to believe the majority of VIP players at this unnamed casino practice advantage play, or is that just an assumption of yours?

I think if we're making assumptions, we have to assume that enough players who make errors take advantage of this promotion to make this promotion worth offering. I don't understand why casinos would want to attract focused and knowledgeable advantage players when they know the majority of their profit comes from games with a moderate to high edge in favor of the house. The casino is not some degenerate gambler, it doesn't offer advantage players a game with a significant edge in their favor and hope to "get lucky". So I think the safe assumption is that the majority of people taking advantage of this "VIP" offer are players who spend a lot of money on a wide variety of games, not the people grinding out .25 DW at The Palms.

I mean I guess the only other alternative would be that casino executives are knowingly rigging games in violation of the law, a serious accusation that as far as I'm aware is not supported by any evidence. If that was the case I'm not sure anyone would want to gamble in a casino- searching for patterns and winning strategies in a casino where the rules are changed at random according to the whims of some unknown agent seems like a fool's errand to me.

I predict that we already have a new sock puppet. Attitude to be soon revealed.

Quote: Doc

I predict that we already have a new sock puppet. Attitude to be soon revealed.

I predict that Obama will be president in 2011 :)

Quote: Doc

I predict that we already have a new sock puppet. Attitude to be soon revealed.

What's really sad is he stayed up late marking his territory. Then he accuses others about not having a life outside the forum. if that's not hilarious, I don't know what is :)

.....

Quote: Doc

I predict that we already have a new sock puppet. Attitude to be soon revealed.

My apologies to all -- when I made my post above, I had not yet read the other threads in which this was discussed and confirmed.

Quote: touristlocal

I don't see how that follows, helicious.

For one thing as far as I know most hotels aren't keen on comping advantage players at a "VIP" level because they're aware that people who make the right advantage plays actually cost them money in the long term. Do you have any reason to believe the majority of VIP players at this unnamed casino practice advantage play, or is that just an assumption of yours?

I think if we're making assumptions, we have to assume that enough players who make errors take advantage of this promotion to make this promotion worth offering. I don't understand why casinos would want to attract focused and knowledgeable advantage players when they know the majority of their profit comes from games with a moderate to high edge in favor of the house. The casino is not some degenerate gambler, it doesn't offer advantage players a game with a significant edge in their favor and hope to "get lucky". So I think the safe assumption is that the majority of people taking advantage of this "VIP" offer are players who spend a lot of money on a wide variety of games, not the people grinding out .25 DW at The Palms.

I mean I guess the only other alternative would be that casino executives are knowingly rigging games in violation of the law, a serious accusation that as far as I'm aware is not supported by any evidence. If that was the case I'm not sure anyone would want to gamble in a casino- searching for patterns and winning strategies in a casino where the rules are changed at random according to the whims of some unknown agent seems like a fool's errand to me.

I'm quite sure than 99% of the "VIP" players at this casino AREN'T AP. You're correct, they're all slot players, or short coining video poker.
However, it works for me : )

Yeah I know Timspeed I was just bored and trying to goad a post from Jerry/Helicious.

Seriouspost this would be a great deal for any gambler and especially advantage players ought to take advantage of it if available.

Quote: touristlocal

Yeah I know Timspeed I was just bored and trying to goad a post from Jerry/Helicious.

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Helicious and all his posts have mysteriously disappeared. I contacted the proper authorities.