Palms matches The Riviera's new member slot loss rebate
Also, is it just me, or did anyone else get an extremely obnoxious and hard-to-get-rid-of pop-up on that page?
Quote: WizardWow, good for them! Too bad I'm ineligible for two reasons -- I already have a card, and I live in Clark County. Just goes why I keep saying not to not surrender your out of state ID if you move here, as I did.
Also, is it just me, or did anyone else get an extremely obnoxious and hard-to-get-rid-of pop-up on that page?
I got it also.
Quote: Wizard
Also, is it just me, or did anyone else get an extremely obnoxious and hard-to-get-rid-of pop-up on that page?
I didn't get a pop-up. Residents outside of Clark County must be immune from them.
Quote: WizardAlso, is it just me, or did anyone else get an extremely obnoxious and hard-to-get-rid-of pop-up on that page?
No pop-up. I'm using Firefox, but it didn't even tell em the site was trying to open one up. Maybe they removed it?
Quote: NareedNo pop-up. I'm using Firefox, but it didn't even tell em the site was trying to open one up. Maybe they removed it?
I just went back and didn't get it. Hopefully my gripe about it had something to do with them removing it.
By the way, I have never used a pop-up on my sites.
I am guessing the EV of the promotional chip is about 50% of the face value of the chip. So if you only use the 25 dollar chip you are getting an 12.xx% return on your loss, if you use both 25's you are getting 24.xx and if you use all 3 redemptions around 49.xx% back. Although with variance you may get nothing and you may get 100%. Still a great incentive to go to this property as a new player.
Quote: WizardBy the way, I have never used a pop-up on my sites.
Never having done so just might reduce your need for that concealed carry permit. Pop-ups can be really, really annoying.
Quote:9. Limit of one redemption per participant in the “Win for Losing Rebate Program”.
I assume this means that I can participate in either the video poker rebate or the table games rebate, but not both.
So let me make sure I've got this right (it was probably discussed extensively in another thread that I didn't read)...
I buy in at a blackjack or Pai Gow poker table for $1000. Play at maybe $50-100 per hand. If I win, maybe $500, I leave a happy winner. If I lose, I won't leave until I've lost the full $1000. Then the casino will give me $300 in promotional chips. I can play these at maybe $25 per hand. On average, I'll win $150ish real cash back while I use up my promotional chips. Then, if I return in 9 months, the casino will give me another $400 in promotional chips, which I ought to be able to turn into another $200ish. (It is unlikely that I'll return more than once within the ensuing year.)
If I leave a happy winner on day 1, can I come back on day 2 (more than 24 hours later) and run through the whole scenario again?
Quote: PapaChubby
If I leave a happy winner on day 1, can I come back on day 2 (more than 24 hours later) and run through the whole scenario again?
According to rule 12 the loss must occur within 24 hours of sign up.
If there's a loss, put it through the 25c FPDW.
Quote: RogerKintAccording to rule 12 the loss must occur within 24 hours of sign up.
OK, that's clear. It was late and I was tired.
Quote: RogerKintThe Palms has matched The Riviera's 1,000 dollar slot loss rebate for new members. This is a great trend for players new to Vegas slot clubs like myself.
This rebate is also applicable to table games.
Unfortunately I already have a Players Card there also.
And I see that the Las Vegas Advisor newsletter has
caught up to the RIV promo, and with all that publicity
it may or may not be around when I return in late
July.
Quote: QuadDeucesI might do this with someone tomorrow. My plan is $25 Bonus Poker, cashing out at +$3000 or after any 4OAK or higher.
If there's a loss, put it through the 25c FPDW.
Be careful about playing on someone else's card. I'm sure they would find any excuse not to reimburse your loss.
I was thinking of doing 1c 50 play 9/6 JoB for the loss phase. Ya, I'm a pussy.
It could take you days to lose $1000 on those 50-play JoB machines with pretty much zero probability of a big hit. A dealt royal flush is "only" $2000.
Decent choice for playing through the free play though. Most likely outcome after playing the 400 required games is leaving with about $945 (Well, that's for 5c 10-line. Should be reasonably close to 1c 50-line.)
No way, man. Go big or go home. At least play quarter multi-line.Quote: RogerKintI was thinking of doing 1c 50 play 9/6 JoB for the loss phase. Ya, I'm a pussy.
Will they book a $1000 single-number roulette bet? ;)
The three-tiered reimbursement phase is a pain.
Quote: teddysWill they book a $1000 single-number roulette bet? ;)
Aren't you in Vegas right now with a friend? Nothin' to it but to do it!
By the way... we're all anticipating a trip report or some hotel reviews from you.
You know it. Working on one right now.Quote: RogerKintAren't you in Vegas right now with a friend? Nothin' to it but to do it!
By the way... we're all anticipating a trip report or some hotel reviews from you.
We'll see if he's up for doing the promo. I doubt it. Plus there's the issue of coming back for the subsequent rebates. Was going to bankroll the Riv promo but of course he's not here until June 1.
Quote: MeI might do this with someone tomorrow. My plan is $25 Bonus Poker, cashing out at +$3000 or after any 4OAK or higher.
The $25 banks in the high-limit room are marked as ineligible for promotions. vpfree2 says: "99.17% Bonus Poker: 25¢, 50¢, $1, $2, $5, $10, $25 - 1 Play - several banks." The only $25 machines I could find are in the high-limit room.
There is a $5 bank between the high-limit area and Garduños that looks good. I'll probably have to adjust my quit point. Thinking +$2000 or after any aces or royal.
We didn't do it today. We decided to double- or triple-dip into drawings/giveaways - maybe later this week.
Please someone correct me if I'm wrong...lame since I hate slots, but if this promo is still around when I hit Vegas next, I may hit it up.
People assign an approximately 50% value on a flat bet coupon because it's assumed to be a one bet affair.
I assign the payback percentage to VP free play because I might hit a big hand on that one bet. That possibility doesn't exist in flat bets on the tables.
But if I was to play $5 BJ with $1000 in promo chips, I would expect my return to be much closer to $1000 than $500.
Quote: QuadDeucesInteresting question. I hope someone who knows answers.
People assign an approximately 50% value on a flat bet coupon because it's assumed to be a one bet affair.
I assign the payback percentage to VP free play because I might hit a big hand on that one bet. That possibility doesn't exist in flat bets on the tables.
But if I was to play $5 BJ with $1000 in promo chips, I would expect my return to be much closer to $1000 than $500.
It depends on the type of chips. The Wiz has a good summary here of the different types. "Non neg" chips are the closest thing to "free play" for table games promotions, and their face value is close to 100%. But I think the chips for this Palms rebate are of the "Promotional Chips" variety, given the wording on their website: "One Time Bet Promotional Chips." Win or lose, you lose the promo chip after the bet is resolved. This lowers their face value to less than half, unless you can use them on long-shot, non-even-money wagers.
Quote: teddysI wouldn't even bother playing tables. Seems like it could be too much of a hassle; who wants to deal with promo chips, a host, and making sure your losses are rated correctly. Just hit up a high value slot and get it over with.
I guess that makes sense for this promo, it just bugs me that all of these loss rebates are for slots only, or heavily biased toward slots. I'm guessing the main reason is exactly what you just said (easier to track the play, easier to distribute the rebate), but it still bugs me. Slots are boring. Also I know casinos make much more revenue on slots than they do on table games, so bringing in new slot players is a higher priority.
Quote: AcesAndEightsNo one has explicitly said this, so I will ask: this promotion is only half as good for table games players as it is for slots players, correct? When you redeem Free Slot Play, your expectation is whatever the return of the game is times the amount of the free slot play, e.g. 98.5% * $1000 = $985. But the One Bet Promotional chips are only worth approximately half of their face value, depending on the game, so if you lose the full $1000, your expectation on the rebate is less than half of that.
Please someone correct me if I'm wrong...lame since I hate slots, but if this promo is still around when I hit Vegas next, I may hit it up.
I already addressed this issue earlier in the thread. Your promo chip has just under 50% EV.
Quote: winmonkeyspit3I already addressed this issue earlier in the thread. Your promo chip has just under 50% EV.
Hmm I must have missed that, thanks for confirming. Although the under 50% number is only correct if the promo chips are limited to even money bets. If they're valid for any bet, then the best strategy would be betting a single number in roulette.
Nothing exciting happened. A couple dealt straights. Our high point was about +$750, then we lost it. Cashed out the first $300 rebate for $330. Managed to put about $13,500 through. Enough for a few Play-Earn-&-Win items but not enough for a $50 gift card so they're pretty worthless. Also racked up $33 in free play that we didn't cash out.
Quote: AcesAndEightsHmm I must have missed that, thanks for confirming. Although the under 50% number is only correct if the promo chips are limited to even money bets. If they're valid for any bet, then the best strategy would be betting a single number in roulette.
The best strategy may be to bet many single numbers on roulette, to lower variance because the higher return comes from the 35 to 1 payout, becoming a 35 for 1, if I'm not mistaken. So betting on 17 for 1 is worse, I'd rather bet on two individual 35 for 1s.
Following this logic, betting on single numbers is the best. If you want more variance, go for 1, if you want less, go for more. Just make sure they are all single numbers, rather than splits and corners.
