cclub79
cclub79
Joined: Dec 16, 2009
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April 4th, 2010 at 8:06:38 AM permalink
I just received a generous offer for matchplay at Harrah's AC, and was checking out the Wizard's page on the EV of the play. I wondered over to the article at Wizard of Macau on Dead Chips, and saw that there was a table for Foxwoods with a cash rebate of 1.5%. The min purchase is unknown, and I was wondering if the Wizard or anyone else had any information about this. Is it also limited to Bac and junkets from China? It just seemed out of place with the rest of the article.
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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April 4th, 2010 at 8:52:21 AM permalink
I 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.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗
cclub79
cclub79
Joined: Dec 16, 2009
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April 4th, 2010 at 9:07:53 AM permalink
Quote: DJTeddyBear

I 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.
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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April 4th, 2010 at 9:26:18 AM permalink
Quote: DJTeddyBear

...Until you realize that Foxwoods aggressively caters to the Asian clientele.

Without a lot of effort, I found an interesting article about it.http://euroasiacasino.com/foxwoodsrollingprogram.aspx

The first sentence of the second paragraph:
Quote:

The one new item that Foxwoods now offers to its customers is an Asian style, Non-Negotiable Chip Rolling program for Baccarat.

The rest of the article confirms that this is much like what the Wiz talked about in his Dead Chip article.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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April 4th, 2010 at 9:28:10 AM permalink
Quote: cclub79

Thanks, but I knew what they were, which is why I asked the question.

Yeah, but I didn't know, so I figured other members would be equally ignorant of the subject.

And then I found some interesting stuff about it, etc....
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗
Venthus
Venthus
Joined: Dec 10, 2012
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December 13th, 2012 at 8:18:02 PM permalink
Note: Oh dear. I totally didn't mean to necro this post. I could've sworn it showed up in the 'recent threads' section before I posted.

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.

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