Loss rebate - how to play it ?
June 2nd, 2013 at 11:27:13 AM
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A major LV casino offered me a 10% loss rebate on losses over 100K. 10K max bet 3 hands
Does anyone know the proper stop amounts for a loss or win
Thank you
nycpro
newyorkcitypro@yahoo.com
Does anyone know the proper stop amounts for a loss or win
Thank you
nycpro
newyorkcitypro@yahoo.com
June 2nd, 2013 at 12:10:32 PM
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You can also try teliot's blog APheat.net. He has some good info on rebates.
100% risk of ruin
June 2nd, 2013 at 1:05:54 PM
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This is a good post by teliot on loss rebates. He used simulation to try and estimate win/loss stop points. It's not clear whether there's an easy formula hiding in there, which would also depend on the game and its variance.
Last edited by: unnamed administrator on Aug 8, 2024
Wisdom is the quality that keeps you out of situations where you would otherwise need it
June 2nd, 2013 at 1:26:46 PM
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The real answer is not just about stop limits, but also bankroll, betsize and available games.
June 4th, 2013 at 6:00:58 PM
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I am currently searching for an updated version of a trip report for the Reno/Sparks Nevada area.
I was there for the Memorial Day Weekend @ the JANUGGET and some folk were saying that VP is a good deal @ the JANUGGET as well as a mention of GSR. I just was not sure what machines were the right ones to play as far as the pay scales and points earned at either of these sites As well if anyone knows of any hotspots downtown Reno and the strategical areas of play I would as well appreciate that info. As I have moved to Susanville area from Arkansas just recently and am searching for a new strategical Gambling home.
I was there for the Memorial Day Weekend @ the JANUGGET and some folk were saying that VP is a good deal @ the JANUGGET as well as a mention of GSR. I just was not sure what machines were the right ones to play as far as the pay scales and points earned at either of these sites As well if anyone knows of any hotspots downtown Reno and the strategical areas of play I would as well appreciate that info. As I have moved to Susanville area from Arkansas just recently and am searching for a new strategical Gambling home.
August 2nd, 2013 at 9:46:51 AM
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Assumed HE = 0.291%, your loss exit point = -11 units and win exit point = + 10.5 units.
Therefore every hand you have to bet 100000/11=$9090, quit when total loss = 100k OR total win = $95,454.
Your EV = 0.294 x 9090 = $2673, Average round = 95( about an hour), loss likelihood = 50.3%
Therefore every hand you have to bet 100000/11=$9090, quit when total loss = 100k OR total win = $95,454.
Your EV = 0.294 x 9090 = $2673, Average round = 95( about an hour), loss likelihood = 50.3%
