AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
  • Threads: 67
  • Posts: 4299
May 29th, 2012 at 12:18:01 PM permalink
Quote: teddys

I 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.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
winmonkeyspit3
winmonkeyspit3
Joined: Dec 30, 2011
  • Threads: 26
  • Posts: 451
May 29th, 2012 at 10:21:51 PM permalink
Quote: AcesAndEights

No 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.
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
  • Threads: 67
  • Posts: 4299
May 30th, 2012 at 12:26:51 PM permalink
Quote: winmonkeyspit3

I 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.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
QuadDeuces
QuadDeuces
Joined: Feb 17, 2012
  • Threads: 25
  • Posts: 370
June 18th, 2012 at 1:50:59 PM permalink
Tonight's the night. We'll probably play $5 5-line 9/7 Double Bonus. VPFW shows that game has having the highest probability of hitting the quit stop at 50% risk of ruin for a $1000 bankroll. And they aren't marked non-promotional. Haven't decided if our quit stop will be set at $2500 or $4000. Free play would be put through 25c FPDW, of course.

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.
Boney526
Boney526
Joined: Sep 25, 2011
  • Threads: 8
  • Posts: 366
July 21st, 2012 at 10:44:14 AM permalink
Quote: AcesAndEights

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.



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.
1arrowheaddr
1arrowheaddr
Joined: Jun 20, 2012
  • Threads: 14
  • Posts: 297
March 12th, 2014 at 12:28:31 PM permalink
Is the Palms $1,000 rebate still on?

  • Jump to: