Best way to maximize the value of PROMO CHIPS?????

Usually promo chips have rules like, 1. even money bets only, 2. after bet resolves win or lose you lose the promo chips.

I tried to increase the value of the promo chips playing ultimate Texas holdem, only using the chips on play when I flop something nice like top pair or 2 pair etc. or something like that, but I realized that I was wrong, I figured that its NOT smart to use the chips when you have a high chance to win because, why give the promo chips to the casino when there is a good chance of winning the hand anyways and you are not likely to lose your real chips, you should just use your real chips and save the promo chips in your pocket on those situations.

If you play blackjack or craps pass line with the promo chips you will only get roughly 49% value out of the chips, which kind of sucks!

Its some very confusing mathematics I can not quite figure it out, I was thinking about maybe using the promo chips on play when there is roughly 35% chance to win the hand on play bet due to a situation where you are suppose to bet the play because you do not want to give up your ante and blind bet by folding right before showdown. but would doing that increase the value of the promo chips??? instead of playing craps pass line??

what other table games out there that can help increase the value of the promo chips also considering the house edge you need to suffer to find situation to use the promo chips????

help and advice would be very thankful!!!!! 8)

That page does not tell you which other games you can play to increase the value of your promo chips

http://www.beyondcounting.com/pdfs/beyondcouponsbjfo.pdf

Just like anything by Grosjean, don't skim it. Read every word and make sure that you understand it all.

Quote: IHMJack

Its some very confusing mathematics I can not quite figure it out, I was thinking about maybe using the promo chips on play when there is roughly 35% chance to win the hand on play bet due to a situation where you are suppose to bet the play because you do not want to give up your ante and blind bet by folding right before showdown. but would doing that increase the value of the promo chips??? instead of playing craps pass line??

By the way, this is a very good observation. Unfortunately UTH was not mentioned in the Grosjean article (I think it was written before the game was popular, or perhaps even invented). However, notice that 3CP is discussed.

Quote: AxiomOfChoice

By the way, this is a very good observation. Unfortunately UTH was not mentioned in the Grosjean article (I think it was written before the game was popular, or perhaps even invented). However, notice that 3CP is discussed.

3 card poker, the problem is it does not work that well, due to the amount of house edge it takes to get the optimal time to use the promo chips.

Maybe I'm oversimplifying it, but it sound like you're looking for the worst odds to win even money.

What jumps into my head, is betting on #1 on the Big 6 wheel. I don't know if that's such a good plan, but it'll be quick...

Quote: DJTeddyBear

Maybe I'm oversimplifying it, but it sound like you're looking for the worst odds to win even money.

What?? No! If you are only going to win even money, obviously you want the best odds.

What you really want is something that, in reality, pays better than even money, but still falls under the casino's "even money" rule.

In UTH, the play bet is considered an even money bet. However...

If there is a pair on the board (so the dealer automatically qualifies) and you fold, you lose 2 bets (ante + blind).
If you call and lose, you lose 3 bets (ante + blind + play)
If you call and win, you win 2 bets (ante + play)

In other words, by calling, you are risking one bet (the difference between -2 and -3) to win 4 bets (the difference between -2 and +2). This bet essentially pays 4-1. That is why it is a strong use of a promotional chip or match play, if they will let you use it there.

Quote: AxiomOfChoice

What?? No! If you are only going to win even money, obviously you want the best odds.

This is so obviously true, and so many people do not understand this concept. If you have promo chips and want to bet them on regular baccarat, player is better than banker, because player pays 20 to 20 and banker pays 19 to 20, even though banker will win more often. With promo chips you want to aim for the largest payout (also considering house edge.) But in EZ bacc, banker is now the better option, because it pays the same 20 to 20 and has better odds than the player. If you're only aiming for even money, you want the best chance to win.

When I was getting promo chips all the time, I always bet them on the ante bet at 3CP (or the play, if they would let me). Only way to get more than 50% value for the chip.

Quote: teddys

When I was getting promo chips all the time, I always bet them on the ante bet at 3CP (or the play, if they would let me). Only way to get more than 50% value for the chip.

On the ante, really? Seems odd. What's the threshold for a hand you'd play/fold when having the promo chip on ante?

Quote: RS

On the ante, really? Seems odd. What's the threshold for a hand you'd play/fold when having the promo chip on ante?

K32

Quote: teddys

When I was getting promo chips all the time, I always bet them on the ante bet at 3CP (or the play, if they would let me). Only way to get more than 50% value for the chip.

I dont think 3 card poker works that well with promo chips, because if you get Jacks or lower you can maybe use the promo chips on play hoping the dealer do not qualify instead of folding, but 3 card poker has too much house edge and it would not increase the value of the promo chip enough VS playing blackjack I dont think