FiliusBruce
FiliusBruce
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August 30th, 2022 at 5:19:29 AM permalink
Silver Sevens has a 7% loss rebate promotion. The rules appear to be if you lose $777 or more at table games during August, you get 7% of your loss back as promotional chips. (I assume they are the chips you can't cash out, but can play them until you lose them.)

Here's the URL:
https://www.silversevenscasino.com/event/table-games-rebate-3/

Has anyone done the math on this? Any thoughts on what may be the best game to play?
AlanMendelson
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August 30th, 2022 at 5:53:14 AM permalink
Did you check the dates?
FiliusBruce
FiliusBruce
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August 30th, 2022 at 6:16:50 AM permalink
Quote: AlanMendelson

Did you check the dates?
link to original post


It's August 1–31.
DRich
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August 30th, 2022 at 8:39:21 AM permalink
Quote: FiliusBruce

Quote: AlanMendelson

Did you check the dates?
link to original post


It's August 1–31.
link to original post



Expires tomorrow
At my age, a "Life In Prison" sentence is not much of a deterrent.
speedycrap
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August 30th, 2022 at 8:40:11 AM permalink
Quote: FiliusBruce

Quote: AlanMendelson

Did you check the dates?
link to original post


It's August 1–31.
link to original post

I strongly suggest you to post it on 1 Sept., 2022. I mean 2 days later. THANKS A LOT.
MDawg
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August 30th, 2022 at 9:47:14 AM permalink
As loss rebates go:
The 7% figure is good but 7% via return of promo chips (assuming these are true play until you lose promo chips, not just free bet "one bet only" chips), translates to a 50% or better expectancy, so it's really just a 3.5% or slightly better rebate offer, which actually isn't so bad because many casinos offer less than that to the general public. As well, a loss rebate offer on such a low loss isn't bad at all either. There is currently no other casino in town that will give a guaranteed loss rebate on a mere thousand dollar or so loss.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
AlanMendelson
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August 30th, 2022 at 10:20:26 AM permalink
Years ago, Harrah's Rincon Casino in San Diego offered table game players a 10% cash rebate on monthly losses once a loss of $5,000 was reached.

I dont know if it's still offered. I mention it only to put the Silver Sevens promotion WHICH EXPIRES TOMORROW in perspective.

(Oops I originally wrote 25,000 but it was 5,000.)
MDawg
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August 30th, 2022 at 10:37:28 AM permalink
Yes, 10-15% is more like what you want, in cash.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
OnceDear
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August 30th, 2022 at 1:30:54 PM permalink
Quote: MDawg

Yes, 10-15% is more like what you want, in cash.
link to original post


One gets 10% loss rebate as cash, with a certain establishment with no limits.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
FiliusBruce
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September 1st, 2022 at 5:53:00 AM permalink
Quote: MDawg

As loss rebates go:
The 7% figure is good but 7% via return of promo chips (assuming these are true play until you lose promo chips, not just free bet "one bet only" chips), translates to a 50% or better expectancy, so it's really just a 3.5% or slightly better rebate offer, [...]
link to original post


I'm not sure where your 50% figure comes from. For chips that you play until you lose, James Grosjean provides a 99%+ value if you play them on blackjack (he calls them "non-cashable chips": https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdf )

It's "funny chips" that are one bet only, and even with those, you can bet them on 3 or 11 in craps and get 83.33% of their face value.
FiliusBruce
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September 1st, 2022 at 5:57:44 AM permalink
Quote: DRich

Quote: FiliusBruce

Quote: AlanMendelson

Did you check the dates?
link to original post


It's August 1–31.
link to original post



Expires tomorrow
link to original post


It's now been renewed for September:
https://www.silversevenscasino.com/event/table-games-rebate/
AxelWolf
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September 1st, 2022 at 6:31:07 AM permalink
They have been doing similar loss rebates on and off for years going back to Terrible's. IIRC they have had a 20% and 10% in the past. I can't recall exactly what it was but there was something in the rules that made it less appealing than it seemed at first look.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
OnceDear
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September 1st, 2022 at 9:32:26 AM permalink
I love these repeated loss rebates. They can be super lucrative if you engineer the set of wagers so as to make variance manageable. Repeatability is the key.
To benefit, you should aspire to put as little coin in as possible, so as to only subject some of your BR to the house edge a minimal number of times. E.g within one loss rebate period, maybe play one roulette outside bet. Win half your sessions, get loss rebate on the other half. Or, if you can eat the variance, play one or a few inner numbers, once per rebate period.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
calwatch
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September 1st, 2022 at 10:46:58 AM permalink
To lose $777 or more quickly, you need pretty volatile, yet lower house edge, type bets. I am thinking something like craps with full odds if allowed (I doubt it), buying the 4 and 10 if the vigorish is only paid on winners, or placing the six and the eight. I would tend not to go for outside bets as the house edge is too high. To wash the free chips from the loss rebate I would follow the Grosjean methodology.
FiliusBruce
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September 1st, 2022 at 2:44:11 PM permalink
Quote: FiliusBruce

Quote: MDawg

As loss rebates go:
The 7% figure is good but 7% via return of promo chips (assuming these are true play until you lose promo chips, not just free bet "one bet only" chips), translates to a 50% or better expectancy, so it's really just a 3.5% or slightly better rebate offer, [...]
link to original post


I'm not sure where your 50% figure comes from. For chips that you play until you lose, James Grosjean provides a 99%+ value if you play them on blackjack (he calls them "non-cashable chips": https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdf )

It's "funny chips" that are one bet only, and even with those, you can bet them on 3 or 11 in craps and get 83.33% of their face value.
link to original post


Someone I know has asked the pit boss there, and it looks like the promotional chips they give is funny chips. So we should assume the 83.33% value.
unJon
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September 1st, 2022 at 3:47:15 PM permalink
Quote: FiliusBruce

Quote: FiliusBruce

Quote: MDawg

As loss rebates go:
The 7% figure is good but 7% via return of promo chips (assuming these are true play until you lose promo chips, not just free bet "one bet only" chips), translates to a 50% or better expectancy, so it's really just a 3.5% or slightly better rebate offer, [...]
link to original post


I'm not sure where your 50% figure comes from. For chips that you play until you lose, James Grosjean provides a 99%+ value if you play them on blackjack (he calls them "non-cashable chips": https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdf )

It's "funny chips" that are one bet only, and even with those, you can bet them on 3 or 11 in craps and get 83.33% of their face value.
link to original post


Someone I know has asked the pit boss there, and it looks like the promotional chips they give is funny chips. So we should assume the 83.33% value.
link to original post



Sometimes funny chips only work on even money wagers.

Otherwise, skip the 3/11 and just go cover a single zero roulette wheel with them.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
FiliusBruce
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September 1st, 2022 at 4:33:47 PM permalink
Quote: unJon


Sometimes funny chips only work on even money wagers.

Otherwise, skip the 3/11 and just go cover a single zero roulette wheel with them.
link to original post


They don't have roulette, as far as I know.
AxelWolf
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September 1st, 2022 at 6:12:39 PM permalink
Basically, this is a run of the mill promotion that adds a LITTLE extra to your gaming value. There's much better/ easier value to be had...if you are willing to do some extra research.
Last edited by: AxelWolf on Sep 1, 2022
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
ViennaPizza
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September 1st, 2022 at 6:50:32 PM permalink
Can I just bet $777 in one hand on bac banker
FiliusBruce
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September 12th, 2022 at 5:58:00 PM permalink
I went back there and checked the games. They only have blackjack and craps. Craps is max bet $500, 3x4x5x odds, max odds at $500. Blackjack is 8-deck, 6:5, H17, Double on any two cards, double after split, table max of $300.

And the rebate chips are funny chips that are even money bets only. So best value is probably 49.29% of face value, playing on pass.

Overall, there is some positive EV in this, but not much.
calwatch
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September 15th, 2022 at 2:04:02 AM permalink
If odds count on the loss rebate, that is a pretty good deal. Take advantage of the volatility and either double your money or bust and use the funny chips as primer for more odds bets.
FiliusBruce
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May 23rd, 2023 at 1:23:17 AM permalink
I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
gordonm888
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gordonm888
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May 23rd, 2023 at 8:23:23 AM permalink
Quote: FiliusBruce

I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
link to original post



Okay, we have duplicate posts on duplicate threads (on the same topic) -namely this post on this thread duplicated post on duplicated thread

Making either duplicate posts or duplicate threads is forbidden by our forum rules, specifically Rule 5. Three day suspension, for making duplicate posts and threads.
Last edited by: gordonm888 on May 23, 2023
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
unJon
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May 23rd, 2023 at 10:25:55 AM permalink
Quote: gordonm888

Quote: FiliusBruce

I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
link to original post



Okay, we have duplicate posts on duplicate threads (on the same topic) -namely this post on this thread duplicated post on duplicated thread

Making either duplicate posts or duplicate threads is forbidden by our forum rules. 3 day suspension, for making duoplicate posts and threads.
link to original post



I think a warning would have sufficed. He’s not a spammer
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
AxelWolf
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May 23rd, 2023 at 11:42:02 AM permalink
Quote: gordonm888

Quote: FiliusBruce

I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
link to original post



Okay, we have duplicate posts on duplicate threads (on the same topic) -namely this post on this thread duplicated post on duplicated thread

Making either duplicate posts or duplicate threads is forbidden by our forum rules, specifically Rule 5. Three day suspension, for making duplicate posts and threads.
link to original post

Heck, I'm not a fan of FiliusBruce's dissemination of information, even though it's only on smaller meaningless promotions that are inconsequential for the most part, but this is one of the weakest suspensions ever.

Trying to fill your monthly quota? Suspension fix? Job validation? Looking for the #1 spot on the WMOAT list?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
SOOPOO
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May 23rd, 2023 at 12:33:34 PM permalink
Quote: unJon

Quote: gordonm888

Quote: FiliusBruce

I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
link to original post



Okay, we have duplicate posts on duplicate threads (on the same topic) -namely this post on this thread duplicated post on duplicated thread

Making either duplicate posts or duplicate threads is forbidden by our forum rules. 3 day suspension, for making duoplicate posts and threads.
link to original post



I think a warning would have sufficed. He’s not a spammer
link to original post



Of course. Come on. I think it is not hard to see that FB’s intent was not to disrespect the forum or its rules. Rather, he was trying to educate the members. It should be your job to educate him, not punish him.
odiousgambit
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May 23rd, 2023 at 1:08:09 PM permalink
Wizard Quotas are tough to fill I hear



[actually I doubt that]
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
gordonm888
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May 23rd, 2023 at 1:47:54 PM permalink
Quote: AxelWolf

Quote: gordonm888

Quote: FiliusBruce

I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
link to original post



Okay, we have duplicate posts on duplicate threads (on the same topic) -namely this post on this thread duplicated post on duplicated thread

Making either duplicate posts or duplicate threads is forbidden by our forum rules, specifically Rule 5. Three day suspension, for making duplicate posts and threads.
link to original post

Heck, I'm not a fan of FiliusBruce's dissemination of information, even though it's only on smaller meaningless promotions that are inconsequential for the most part, but this is one of the weakest suspensions ever.

Trying to fill your monthly quota? Suspension fix? Job validation? Looking for the #1 spot on the WMOAT list?
link to original post



Nice try on trying to stir up a controversy. So far, only Soopoo has taken your bait.

Look, its nothing personal against FiliusBruce. But he started two threads with nearly identical names today and posted the same post on both of those threads. It doesn't matter whether we think his post is a B- or a D or an A+. It was a deliberate violation of the rules. And I gave him our softest penalty.

Do you want this forum to have two Wordle threads with identical content? Two "Today's Casino News" threads with identical posts? Two "Chip of the Day" threads with identical posts? Two "Easy Math Problems" threads with identical posts? We moderators are the last thin line preventing such a dystopian future.
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
SOOPOO
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May 23rd, 2023 at 2:37:13 PM permalink
Quote: gordonm888

Quote: AxelWolf

Quote: gordonm888

Quote: FiliusBruce

I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
link to original post



Okay, we have duplicate posts on duplicate threads (on the same topic) -namely this post on this thread duplicated post on duplicated thread

Making either duplicate posts or duplicate threads is forbidden by our forum rules, specifically Rule 5. Three day suspension, for making duplicate posts and threads.
link to original post

Heck, I'm not a fan of FiliusBruce's dissemination of information, even though it's only on smaller meaningless promotions that are inconsequential for the most part, but this is one of the weakest suspensions ever.

Trying to fill your monthly quota? Suspension fix? Job validation? Looking for the #1 spot on the WMOAT list?
link to original post



Nice try on trying to stir up a controversy. So far, only Soopoo has taken your bait.

Look, its nothing personal against FiliusBruce. But he started two threads with nearly identical names today and posted the same post on both of those threads. It doesn't matter whether we think his post is a B- or a D or an A+. It was a deliberate violation of the rules. And I gave him our softest penalty.

Do you want this forum to have two Wordle threads with identical content? Two "Today's Casino News" threads with identical posts? Two "Chip of the Day" threads with identical posts? Two "Easy Math Problems" threads with identical posts? We moderators are the last thin line preventing such a dystopian future.
link to original post

. You are missing the point entirely. No one is saying that FB didn’t break a rule. No one is even saying that the rule isn’t a good rule. All we are saying is that for such a minor infraction the first action should just be an explanation to the offender about the rules, and what the penalty would be for a future offense. I don’t want to discourage a valuable poster like FB from participating here. I want to make him feel welcome. By suspending him you are doing the opposite.

Edit….. I just noticed I committed a ‘suspension worthy’ offense. As did YOU. We have hijacked a thread. I don’t want you to suspend me. Just remind me to stop doing it!
AxelWolf
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May 23rd, 2023 at 3:59:36 PM permalink
Quote: gordonm888

Quote: AxelWolf

Quote: gordonm888

Quote: FiliusBruce

I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
link to original post



Okay, we have duplicate posts on duplicate threads (on the same topic) -namely this post on this thread duplicated post on duplicated thread

Making either duplicate posts or duplicate threads is forbidden by our forum rules, specifically Rule 5. Three day suspension, for making duplicate posts and threads.
link to original post

Heck, I'm not a fan of FiliusBruce's dissemination of information, even though it's only on smaller meaningless promotions that are inconsequential for the most part, but this is one of the weakest suspensions ever.

Trying to fill your monthly quota? Suspension fix? Job validation? Looking for the #1 spot on the WMOAT list?
link to original post



So far, only Soopoo has taken your bait.

1 out of 4 active posters, that's a 25% hit rate. That's probably excellent in many cases.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
gordonm888
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gordonm888
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May 23rd, 2023 at 5:14:04 PM permalink
Quote: SOOPOO

Quote: gordonm888

Quote: AxelWolf

Quote: gordonm888

Quote: FiliusBruce

I just posted my first foray into craps as on article on Wizard of Vegas. It's an analysis of this loss rebate that has been ongoing at the Silver Sevens casino in Las Vegas for months now. Here's the article:

https://wizardofvegas.com/article/the-loss-rebate-at-silver-sevens-las-vegas-craps/

The promotion can be worth up to $29.62 in expected value if you use it in combination with a Las Vegas Advisor blackjack coupon. Otherwise, it's worth $12.79 if you limit yourself to craps. I may write another article later and analyze the promotion considering what you can achieve by playing the promotion on blackjack, but that's going to take some time.
link to original post



Okay, we have duplicate posts on duplicate threads (on the same topic) -namely this post on this thread duplicated post on duplicated thread

Making either duplicate posts or duplicate threads is forbidden by our forum rules, specifically Rule 5. Three day suspension, for making duplicate posts and threads.
link to original post

Heck, I'm not a fan of FiliusBruce's dissemination of information, even though it's only on smaller meaningless promotions that are inconsequential for the most part, but this is one of the weakest suspensions ever.

Trying to fill your monthly quota? Suspension fix? Job validation? Looking for the #1 spot on the WMOAT list?
link to original post



Nice try on trying to stir up a controversy. So far, only Soopoo has taken your bait.

Look, its nothing personal against FiliusBruce. But he started two threads with nearly identical names today and posted the same post on both of those threads. It doesn't matter whether we think his post is a B- or a D or an A+. It was a deliberate violation of the rules. And I gave him our softest penalty.

Do you want this forum to have two Wordle threads with identical content? Two "Today's Casino News" threads with identical posts? Two "Chip of the Day" threads with identical posts? Two "Easy Math Problems" threads with identical posts? We moderators are the last thin line preventing such a dystopian future.
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. You are missing the point entirely. No one is saying that FB didn’t break a rule. No one is even saying that the rule isn’t a good rule. All we are saying is that for such a minor infraction the first action should just be an explanation to the offender about the rules, and what the penalty would be for a future offense. I don’t want to discourage a valuable poster like FB from participating here. I want to make him feel welcome. By suspending him you are doing the opposite.

Edit….. I just noticed I committed a ‘suspension worthy’ offense. As did YOU. We have hijacked a thread. I don’t want you to suspend me. Just remind me to stop doing it!
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Okay, reminder: stop hijacking the thread. And, the degree of a hijacking sufficient to qualify for a suspension is subjective, as you well know. Plese take further discussion to the Discussion of the Suspension List thread.
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
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