cash back-20 per

I know of a casino that gives 20 per cent cash back if that player loses for the day. I would like to know which betting system would make me the most money, and how many spins that would be the best to play, the limit max. on one number is 100 dollars, min. is 5 dollars. Only a single 0 here also.

I don't know which casino you are referring to but I do recall some details from a similar offer at the Westin.

Please read the offer carefully. The loss rebate applies to new player club members only. Its important that you differentiate between "twenty-four hours from having joined" and "the day on which you joined". Also make certain that the loss rebate applies to table games, not just the more easily tracked losses on slot machines.

Good luck. Hope you don't get any twenty percent back because you end the day with a profit!

In every casino I've seen that offers this type of rebate, the offer only applies to slot machine/video poker play.

That's a great offer. If you only make a single number bet of $100 a day, your return is 1/37*36+1*0.2*36/37= 116.57% but high variance as well

Quote: Dipsy

That's a great offer. If you only make a single number bet of $100 a day, your return is 1/37*36+1*0.2*36/37= 116.57% but high variance as well

I sure can't follow your math at all.
If he makes a 100 dollar bet and loses, he gets back 20 dollars... and its probably in free slot play NOT cash. Also that bet at roulette probably won't count, it has to be 100 into a slot machine most likely. I don't know the casino, I don't know the full terms of the offer, but usually these offers are meaningless come-ons of little value to the player at all. These offers are advertising gimmicks and are not worth anything. I hesitate to say anything specific to this particular offer though without at least knowing what casino it is and what the stated terms are.

Did I say it was a slot promo..........NO I DID NOT!!

Yes....sure I am going to tell you what casino that has this offer, then see you and a dozen others waiting at the casino doors!!

There's an unofficial quid pro quo etiquette on this site. I doubt your attitude will get your question answered. To drive the point home:

My suggestion is take you a 2nd mortgage on your house, and bet it all on one keno draw.

Dumb and dumber, all of you must live the United States!!

Quote: max888888

Dumb and dumber, all of you must live the United States!!

I don't think insulting people is the way to get actual answers.

Hey, keep trying though.

Insult of the day:

Who is dumber, the people who voted for Bush the first time, or the one's who voted him the second time?
You ask what is 5+5 on here, and some moron will tell you what the weather will be next week.

Quote: max888888

Insult of the day:

Who is dumber, the people who voted for Bush the first time, or the one's who voted him the second time?
You ask what is 5+5 on here, and some moron will tell you what the weather will be next week.

You are a living embodiment of the case for universal health care, in that you illustrate the terrible things that can happen when one's medication runs out.

Quote: max888888

Insult of the day:

Who is dumber, the people who voted for Bush the first time, or the one's who voted him the second time?
You ask what is 5+5 on here, and some moron will tell you what the weather will be next week.

Al Gore and John Kerry, now there's some presidential fodder. Thank god for Bush.

Quote: max888888

I know of a casino that gives 20 per cent cash back if that player loses for the day. I would like to know which betting system would make me the most money, and how many spins that would be the best to play, the limit max. on one number is 100 dollars, min. is 5 dollars. Only a single 0 here also.

Why would you want to lose $100 just to get $20? I don't go into a casino thinking such negative thoughts. It is just a wrong mindset to be in when trying to have a good time and trying to win money. Why not think about winning $100 first.

You don't want to lose, but it is part of the game. If you play a game with break even ev and when you lose they gave you 20 dollars back, then you will have a 20 dollars positive expected value! Same as if you flipped a coin 100 times, bet a dollar on heads those 100 flips, and the other person gave you 20cents back each time you lost, 50 losses times 20 cents equals 10 dollars, so in the end of 100 flips you should be ahead appox. 10 dollars! Sometimes you have to lose to win,,,,,and this would be one of those times.

Quote: I808

Why would you want to lose $100 just to get $20? I don't go into a casino thinking such negative thoughts. It is just a wrong mindset to be in when trying to have a good time and trying to win money. Why not think about winning $100 first.

Why not? Because it's at least as likely that you will lose as you will win. You can have a perfectly good time, while still realizing that--why not be realistic?

Which would you rather have: a situation where you are equally likely to:

Win $100, or
Lose $100

Or:

Win $100, or
Lose $80 (rebate of $20)

That rebate is real, actual money, whether or not you actually lose.

I perfectly understand that losing will happen more often than winning. Believe me, I have lost on more trips than I have won. I just don't like to focus on "benefitting" from a promotion that requires me to lose money. I would rather focus on trying to win some money and never utilize the promotion at all. Sure if I lose I'll gladly take my 20 percent cash back curse the joint and either vow to exact my revenge or never return.

Like Herm Edwards said in his post game interview tirade ... "You play to win!"

Quote: I808

I perfectly understand that losing will happen more often than winning. Believe me, I have lost on more trips than I have won. I just don't like to focus on "benefitting" from a promotion that requires me to lose money. I would rather focus on trying to win some money and never utilize the promotion at all. Sure if I lose I'll gladly take my 20 percent cash back curse the joint and either vow to exact my revenge or never return.

Like Herm Edwards said in his post game interview tirade ... "You play to win!"

Then think of it as insurance. You buy fire insurance on your house, but that doesn't mean you are hoping it burns down. Likewise, you aren't hoping to lose, but it's nice knowing that you'll get a rebate if you do. It is not a "benefit"--it is an actual benefit.

Suppose the rebate was 100%; losses up to $100 would be reimbursed (a couple of Nevada casinos had this very promotion in place for some time). Now obviously, you would have to lose for this promotion to do you any good, but wouldn't you rather play under these circumstances than not?

I think that your mindset is that every gambling session exists solely by itself, and you win or lose--that's it. This is incorrect thinking. The actual result of a gambling session is your expected value, and it's all one long session. Stopping at the end of an hour or an evening or a week is arbitrary, and therefore meaningless. If I gamble, and I can win $100 but only lose $80, then I have realized $20 in value, regardless of the actual outcome.

Quote: mkl654321

Then think of it as insurance. You buy fire insurance on your house, but that doesn't mean you are hoping it burns down. Likewise, you aren't hoping to lose, but it's nice knowing that you'll get a rebate if you do. It is not a "benefit"--it is an actual benefit.

Suppose the rebate was 100%; losses up to $100 would be reimbursed (a couple of Nevada casinos had this very promotion in place for some time). Now obviously, you would have to lose for this promotion to do you any good, but wouldn't you rather play under these circumstances than not?

I think that your mindset is that every gambling session exists solely by itself, and you win or lose--that's it. This is incorrect thinking. The actual result of a gambling session is your expected value, and it's all one long session. Stopping at the end of an hour or an evening or a week is arbitrary, and therefore meaningless. If I gamble, and I can win $100 but only lose $80, then I have realized $20 in value, regardless of the actual outcome.

I can see where you are coming from. I get it ... really do get it. It is like the fire sprinkler system you see in the casinos. You hope it is never used but you are glad it is there.

I do disagree with your definition of a gambling session. I define my gambling session beginning with dropping cash on the table for chips or in most cases signing for them. I have specific circumstances on when to end a session one of which is no chips left (the bad way to end the sesssion). I try to get between 24-30 sessions per trip. I am from Hawaii so I cannot just decide to go to Vegas whenever I get a gambling itch (for which I do have a topical cream for). I do make it out to Vegas about 4-6 times a year. Since I define my session this way, I do believe every session is independent. For me the actual result of a gambling session is the amount of cash I have won or lost. Your last statement is true before you start gambling at that particular establishment. Otherwise your actual outcome trumps whatever the expected value that you realized (in this case $20 for every $100 you cash in).