Foxwoods did this, and made a big announcement about it, a couple years ago when the attached MGM Grand opened.
So I had to go see what your were talking about. Here's the article: http://wizardofmacau.com/general/deadchip.html
Dead Chips is something else entirely. They are special promotional chips. Read the article for more info.
Having read it, I'd agree that the Foxwoods info seems out of place. Until you realize that Foxwoods aggressively caters to the Asian clientele.
Quote: DJTeddyBearI first thought that this thread was about OLD chips. I.E. Casinos will change the designs and/or edge colors, and will honor old chips for a limited time. A $5 chip will still be 'red' but the little security colors will change.
Foxwoods did this, and made a big announcement about it, a couple years ago when the attached MGM Grand opened.
So I had to go see what your were talking about. Here's the article: http://wizardofmacau.com/general/deadchip.html
Dead Chips is something else entirely. They are special promotional chips. Read the article for more info.
Having read it, I'd agree that the Foxwoods info seems out of place. Until you realize that Foxwoods aggressively caters to the Asian clientele.
Thanks, but I knew what they were, which is why I asked the question. To me, it still "seems" out of place. If you can get 1.5% cash back on a game with less than 1.5% HA, you are at a player advantage. Surely they cannot have a "race test" to take advantage of this at a casino in the United States.
Without a lot of effort, I found an interesting article about it.http://euroasiacasino.com/foxwoodsrollingprogram.aspxQuote: DJTeddyBear...Until you realize that Foxwoods aggressively caters to the Asian clientele.
The first sentence of the second paragraph:
The rest of the article confirms that this is much like what the Wiz talked about in his Dead Chip article.Quote:The one new item that Foxwoods now offers to its customers is an Asian style, Non-Negotiable Chip Rolling program for Baccarat.
Yeah, but I didn't know, so I figured other members would be equally ignorant of the subject.Quote: cclub79Thanks, but I knew what they were, which is why I asked the question.
And then I found some interesting stuff about it, etc....
The above link isn't loading for me, but a second glance around offers up this link: http://ggbmagazine.com/issue/vol__8_no__2__february_2009/article/rolling_chips__american_style
It addresses the point made above, actually: "Simply stated, the house advantage can be considered to be twice that of “normal” due to the ratio of actual versus non-negotiable turnover being 2-1. Therefore, baccarat can be considered to have a house advantage on “rolling chip” play of 2.5 percent for analytical purposes. Or conversely, the “rolling chip” commission percentages should be halved to view them realistically in terms of actual turnover. Either way the results are the same." I don't quite get it, but I'm going to assume the analysts have a better grasp on it, since it seems to be working out.
However... it still sounds a case where, if you partnered with somebody and just bet opposite sides, you'd come out ahead. Or... there are more factors at play here than WoO's listed 1.06%/1.24% edge.