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odiousgambit
odiousgambit
Joined: Nov 9, 2009
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September 17th, 2021 at 4:38:10 PM permalink
this is the new wrinkle with BetMGM, what I am encountering anyway.

It's the same way they have been giving you a freebet, that is, they've had a lot of offers to cover your entire bet if you lose a bet, and they always say if you lose the "freebet" you lose again of course, and when you win, you however only get the winnings, not the value of the amount bet... "please note" as it says. But in this new thing I am seeing, you only get half the original bet in the bet you get to make when you lose.

Now they are favoring this new way, see below. *But there is a new twist*, in that you *get* this half-bet whether you win or lose. I can confirm this is the case. In this offer, you bet $10 and immediately get $5 to bet with with the usual not quite as good as it sounds freebet, in that you only get the winnings.

Nonetheless I am thinking this is maybe just as good, still something that is +EV, do you agree?


the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
Gialmere
Gialmere
Joined: Nov 26, 2018
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September 21st, 2021 at 6:55:27 PM permalink
Question: What are your thoughts on blockchain technology and how it applies to online gaming?
Have you tried 22 tonight? I said 22.
odiousgambit
odiousgambit
Joined: Nov 9, 2009
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September 22nd, 2021 at 10:50:33 AM permalink
Thanks, Michael, you have been great with this online sports wagering, which is new to me.

here's another one that has been once a week

Quote:

Place a prop bet on a player to score the first touchdown of any NFL game and you’ll receive up to $25 in Free Bets if your wager loses



To receive the $25 in a betMGM-type freebet, you bet $25 and lose, to receive $1 you bet $1 and lose. But again you will receive any winnings on this type freebet, but not the wagered amount. Original bet as specified, freebet on any sport.

My problem is that this for a prop bet. For all I know the house edge is 40%. There is no "won't score the first TD" bet to compare it with. If we knew it was maybe a 10% house edge this would be +EV. Would you still go for it?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
Gialmere
Gialmere
Joined: Nov 26, 2018
  • Threads: 41
  • Posts: 2104
September 24th, 2021 at 5:51:36 PM permalink
Episode #62
Stream Date: 09-23-2021
Length: 01:00:29
Topic: Ask Me Anything

Subjects
Paddleboarding in Long Beach
The Wizard's puzzle collection
Slots: Variable state machines
Russian Poker
UTH: 4x raise with negative EV
Video Poker: Coin in for comps
Fish game arcades
Blackjack: Bullied players
3 Card Poker vs blackjack
Blackjack: Card counting volatility
Baccarat: Money management
Keno Redraw
Getting around in Vegas
Blackjack: 16 vs 10
Roulette: Is there a strategy?
Roulette: La Partage rules
Sports: 1st player scoring a TD
Online: Blockchain technology
Sports: Free bets
Roulette: La Partage in Vegas



Next LiveStream: 10-14-21
---------------------------------------------------



Are they legal?


Manufacturer demo...

Have you tried 22 tonight? I said 22.
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
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September 29th, 2021 at 9:20:26 AM permalink
The next live stream has been rescheduled from Oct 14 to Oct 21. I apologize for the inconvenience.
It's not whether you win or lose; it's whether or not you had a good bet.
odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 311
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October 20th, 2021 at 3:40:25 AM permalink
OK, so how many pushups do I have to do? Er, well, how many does just about every gambler I know have to do? 

In your advice* about second-chance bets you indicated that the best strategy is to take longshots both in the initial bet and the second chance bet as well. I confess I quickly lost heart with this**. But other gamblers, I have long observed, may be willing to follow orders on the first bet when using any similar offer;  however when they lose, they go to the lowest variance game they can use to try to get their money back, pushups be damned. 

What's the real cure for this problem?

Sorry, I have trouble making this a nice short question but I'd love it if you addressed it. 


* you also put it in an Ask-the-W, thanks! ... which can be seen in this link for a refresher https://wizardofodds.com/ask-the-wizard/347/
** I blogged about why, if anyone wants to be bored
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
Gialmere
Gialmere
Joined: Nov 26, 2018
  • Threads: 41
  • Posts: 2104
October 20th, 2021 at 8:20:44 AM permalink
Question
Are there any casino or downtown Halloween events worth seeing?
Have you tried 22 tonight? I said 22.

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