Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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February 25th, 2017 at 8:59:50 AM permalink
If that offer was here, I'd get as many as I could.
Mission146
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Mission146
Joined: May 15, 2012
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February 25th, 2017 at 9:01:33 AM permalink
And, if it was one per card, I'd be rounding up some, 'Family Members.'

Actually, that could be tough now that I think about it, unless I could find some honest family members.
Vultures can't be choosers.
GWAE
GWAE
Joined: Sep 20, 2013
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Thanks for this post from:
Boz
February 25th, 2017 at 9:16:19 AM permalink
Quote: Nathan

Quote: Mission146

Are you suggesting that $500 coin-in got you into a drawing for a Macy's Gift Card or that $500 coin-in absolutely would get you the Macy's Gift Card? If you are suggesting the latter of those two things, I find it hard to believe that the casino would offer a promotion that GOOD. Even if you had to buck a House Edge of 15% (which would be really high even on penny slots) you'd still have an expected loss of just $75 in exchange for a $100 Gift Card.

I'd consider that break even, only because I don't normally shop at Macy's and, therefore, attribute the value to the gift card that I could easily sell it for. If you could do the $500 coin-in on VP, even terrible VP, I'd suggest the player has the best of that by a long shot. I don't shop at Macy's, but if I can trade a 5% expected loss on $500 coin in ($25) for a $100 gift card, sign me up!

If, instead, you're referring to a drawing for a $100 Macy's Gift Card, then I'd have to try to figure out how many gift cards there were in the drawing and roughly how many people would qualify for the drawing. The gift card, of course, would still have value but not $75 (the maximum value I would ascribe to it) in value...unless there were more cards than players. At a guess, the Video Poker would have to be pretty darn good for the value that I would assign to the gift card multiplied by the probability of my winning it (expressed as a decimal) to be more than the expected loss.

And, of course, if the gift card were for a place I would normally shop, then it would, in fact, have $100 in value to me as a straight giveaway.



Okay, okay, it was $500 coin in for a guaranteed $100 Macy's gift card. But still, having to spend $500 for a $100 gift card is really steep IMHO.



You should have to provide the casino name or be banned as a troll. No way a casino is giving that away for only 500 coin in.
#freevarmenti
GWAE
GWAE
Joined: Sep 20, 2013
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February 25th, 2017 at 9:18:49 AM permalink
Quote: Mission146

Okay, well that one actually sucks because just the idea of an umbrella being $50 strikes me as objectively ridiculous.

However, that Macy's Gift Card one is killer. Again, even at the $75 in actual value that I would ascribe to it, there are very few slot machines at which I would consider myself at a disadvantage playing for it. Just about any video poker would be very good!

If you have the cash, maybe you should call around to any places that buy gift cards (if there are any in your area) and get an idea how much you could quickly sell such a gift card for. I think those companies turn around and sell them online, which you can also do yourself, but they're usually doing it based on really high seller ratings or websites specifically for doing that.

I am not vouching for the legitimacy of the site to which I am about to link and have never used it, click/use at your own risk because I know nothing about it:

https://www.giftcardgranny.com/buy-gift-cards/macys/

That site lists a bunch of gift cards, gift card sellers, types of cards and values. I see that some of the cards valued at $100+ are apparently listed on EBay and none of them at $100+ are discounted by more than 7.43% as of the second I am typing this sentence. The two listed at exactly $100 in value cost $95 each, are listed on EBay, and are 5% off face value.

Assuming that those gift cards sell for only 5% off face value, I should imagine that the sellers got them for even less than that. I find it difficult to imagine that they purchased the gift cards in order to merely break even.

How long does it take to list a gift card online, wait for it to sell, and then mail it to the buyer? Less than ten minutes of cumulative work, I would suggest. I'd definitely pay you $75 for a $100 gift card if I knew I could turn it around for $95 with very little work involved.

Actual mileage may vary, though, so get an idea of how much you actually could sell it for, of course.

As IBYA just stated, you're looking at an extremely healthy advantage (with the giveaway) on virtually any poker game that is not a Class II machine, and even then, I would think you have a small advantage at a minimum. Look up the minimum return in your jurisdiction, you KNOW the machine can't be any worse than that, so you can calculate your expected loss of $500 coin-in based off of that if you want to.

If my casino was doing that, I'd be selling some gift cards right now, or shopping some clearance rack at Macy's. (Hell with paying retail)



I have purchased from them before kinda. I believe they send you to other sitems to buy. They act like a travelocity for gift cards.

Anyways, I looked into selling once when giant eagle had a killer deal going. They only pay you 75% for the best ones and less for high inventory ones.
#freevarmenti
Mission146
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Mission146
Joined: May 15, 2012
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February 25th, 2017 at 9:42:23 AM permalink
Quote: GWAE



You should have to provide the casino name or be banned as a troll. No way a casino is giving that away for only 500 coin in.



On the other hand, if a casino were doing that, (and this is coming from someone who shares plays with people, as you know) there's not a chance in Hell I'd publish the name of it.
Vultures can't be choosers.
Mission146
Administrator
Mission146
Joined: May 15, 2012
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February 25th, 2017 at 9:47:35 AM permalink
Quote: GWAE



I have purchased from them before kinda. I believe they send you to other sitems to buy. They act like a travelocity for gift cards.

Anyways, I looked into selling once when giant eagle had a killer deal going. They only pay you 75% for the best ones and less for high inventory ones.



That sounds about right, I went to one of the gift card selling places once because I came into a gift card for a store chain that has no locations within 150 miles of me. After the guy confirmed the amount, he offered me 75% straightaway. Expecting 50% and thinking the gentleman generous I said, "I'm surprised you would give me so much for it, there's not one location anywhere around here."

His response, "I sell them online, I just need a location to be near someone and it's a good buy for me."

Anyway, if you ever have a Giant Eagle one you want to unload, just shoot me a PM. I'd likely give you 90% of the face value for it. I like the Market District locations, especially this one in particular that has the spices and other things (like faro) that can be bought by weight from the dispensers. That's where I get all of that kind of stuff for the spice rack, it's great because you don't have to buy some $10-something dollar bottle of spice that you literally use in ONE FRIGGIN' RECIPE that it will take you longer than your natural life to use up. If I just need a pinch, then I can just buy a pinch!
Vultures can't be choosers.
mcallister3200
mcallister3200
Joined: Dec 29, 2013
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February 25th, 2017 at 10:31:56 AM permalink
In mcallisters casino, we would have promotions where we give out grate clips gift cards/vouchers, since people who gamble with their haircut money would be a target market.
Nathan
Nathan
Joined: Sep 2, 2016
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February 25th, 2017 at 10:35:34 AM permalink
Quote: mcallister3200

In mcallisters casino, we would have promotions where we give out grate clips gift cards/vouchers, since people who gamble with their haircut money would be a target market.



Look enough with the haircut jokes on my threads! Those random haircut jokes are really old!
Guy "won" less than his bet and the slot machine had the audacity to tell him he got a big win! SMH! Also, the Nintendo cartridge is so much more important than the Nintendo console. Without the cartridge, the Nintendo console is just a useless box.
billryan
billryan
Joined: Nov 2, 2009
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February 25th, 2017 at 11:02:19 AM permalink
One local casino here has gift Thursday. $200 coin in gets you your choice from about about a dozen gifts. Got a knife set, huge salad bowl, Disney kids sleeping bag, a day pack , pack of bath bombs, and a bunch of other stuff.
I sell my swag on eBay and occasionally it sells for a lot more than I expect.
Got $30 for the Disney sleeping bag.
It's what you do and not what you say If you're not part of the future then get out of the way
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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February 25th, 2017 at 11:31:31 AM permalink
Quote: Mission146

Okay, well that one actually sucks because just the idea of an umbrella being $50 strikes me as objectively ridiculous.

However, that Macy's Gift Card one is killer. Again, even at the $75 in actual value that I would ascribe to it, there are very few slot machines at which I would consider myself at a disadvantage playing for it. Just about any video poker would be very good!

If you have the cash, maybe you should call around to any places that buy gift cards (if there are any in your area) and get an idea how much you could quickly sell such a gift card for. I think those companies turn around and sell them online, which you can also do yourself, but they're usually doing it based on really high seller ratings or websites specifically for doing that.

I am not vouching for the legitimacy of the site to which I am about to link and have never used it, click/use at your own risk because I know nothing about it:

https://www.giftcardgranny.com/buy-gift-cards/macys/

That site lists a bunch of gift cards, gift card sellers, types of cards and values. I see that some of the cards valued at $100+ are apparently listed on EBay and none of them at $100+ are discounted by more than 7.43% as of the second I am typing this sentence. The two listed at exactly $100 in value cost $95 each, are listed on EBay, and are 5% off face value.

Assuming that those gift cards sell for only 5% off face value, I should imagine that the sellers got them for even less than that. I find it difficult to imagine that they purchased the gift cards in order to merely break even.

How long does it take to list a gift card online, wait for it to sell, and then mail it to the buyer? Less than ten minutes of cumulative work, I would suggest. I'd definitely pay you $75 for a $100 gift card if I knew I could turn it around for $95 with very little work involved.

Actual mileage may vary, though, so get an idea of how much you actually could sell it for, of course.

As IBYA just stated, you're looking at an extremely healthy advantage (with the giveaway) on virtually any poker game that is not a Class II machine, and even then, I would think you have a small advantage at a minimum. Look up the minimum return in your jurisdiction, you KNOW the machine can't be any worse than that, so you can calculate your expected loss of $500 coin-in based off of that if you want to.

If my casino was doing that, I'd be selling some gift cards right now, or shopping some clearance rack at Macy's. (Hell with paying retail)

Why wouldn't be good in a class II Machine?

If there are any AP's out there who refuse to play a what seems to be a juicy promo Just because it's a class ll machine feel free to pass the information among to me.
♪♪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♪♪

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