Which is better and why?
Poll
 | 1 vote (16.66%) | ||
| | 5 votes (83.33%) |
6 members have voted
https://wizardofodds.com/gambling/promotional-chips/Quote: alphastormWhich is better? Promotional chips or match play coupons? Why?
What I don't like about match-bet coupons is that the match bet is a fixed amount, and I might not want to bet that much on one bet. If promotional chips are given at a denomination that can't be broken down smaller, at least I don't have to match the bet with my own money.
Quote: alphastormWhat happens if I hit blackjack on promotional chips?
"Usually, promotional chips may only be used on even money bets, which include blackjack."
I have received a blackjack while using promo chips and was paid even money.
Quote: alphastormWhich is better? Promotional chips or match play coupons? Why?
Promotional chips are better. With Match Play you have to risk your own money in order to win.
Think of it this way. With both offers you have a piece of paper that is worthless. In order for it to have any value, you have to bet the paper. When you put down the Promotional offer it has a value. The Match Play offer doesn't have any value until you add your money to it.
In the past CET would let you exchange your Promotional offers for slot play. I would exchange my offer for the slot play and run the slot play thru a video Poker machine only once. I would cash out and walk away with whatever I won.
The greedy bean counters stopped this practice of exchanging Promotional coupons for slot play about a year ago.
Several years ago there was a casino near where I live that ran a special. Two days a week you would get $10 match play. You put $10 in a slot machine, and once you played through $10 worth of pulls, you would get another "free" $10. As long as you put in $10 of action first, you could cash out whenever you wanted. I don't know if this is inherently a bad deal mathematically or what, but whenever my friends and I would go and do this, we came out ahead maybe 80%-90% of the time. As soon as we hit the $10 mark, we cashed out, and made money almost every single time. My friend made almost a couple thousand dollars during the run of this promotion, which couldn't have lasted more than two years. I only made a couple hundred, but I hardly ever went. I think the casino figured out it was a losing proposition, because they stopped doing it out of nowhere.
My friends and I could never figure out the casino's angle with this... I guess they were just counting on people putting all that money back into the casino, but we quickly figured out that if we cashed out ASAP, we almost never lost money, and the casino probably figured that out, too.
Quote: TigerWuI don't know the answer to this, but here's a story that I've often wondered about...
Several years ago there was a casino near where I live that ran a special. Two days a week you would get $10 match play. You put $10 in a slot machine, and once you played through $10 worth of pulls, you would get another "free" $10. As long as you put in $10 of action first, you could cash out whenever you wanted. I don't know if this is inherently a bad deal mathematically or what, but whenever my friends and I would go and do this, we came out ahead maybe 80%-90% of the time. As soon as we hit the $10 mark, we cashed out, and made money almost every single time. My friend made almost a couple thousand dollars during the run of this promotion, which couldn't have lasted more than two years. I only made a couple hundred, but I hardly ever went. I think the casino figured out it was a losing proposition, because they stopped doing it out of nowhere.
My friends and I could never figure out the casino's angle with this... I guess they were just counting on people putting all that money back into the casino, but we quickly figured out that if we cashed out ASAP, we almost never lost money, and the casino probably figured that out, too.
These are good deals so long as you only run the minimum through.
He must have went just about every time and ran fairly good and remained very discipline to walk away without playing more than he should.Quote: TigerWuI don't know the answer to this, but here's a story that I've often wondered about...
Several years ago there was a casino near where I live that ran a special. Two days a week you would get $10 match play. You put $10 in a slot machine, and once you played through $10 worth of pulls, you would get another "free" $10. As long as you put in $10 of action first, you could cash out whenever you wanted. I don't know if this is inherently a bad deal mathematically or what, but whenever my friends and I would go and do this, we came out ahead maybe 80%-90% of the time. As soon as we hit the $10 mark, we cashed out, and made money almost every single time. My friend made almost a couple thousand dollars during the run of this promotion, which couldn't have lasted more than two years. I only made a couple hundred, but I hardly ever went. I think the casino figured out it was a losing proposition, because they stopped doing it out of nowhere.
My friends and I could never figure out the casino's angle with this... I guess they were just counting on people putting all that money back into the casino, but we quickly figured out that if we cashed out ASAP, we almost never lost money, and the casino probably figured that out, too.
Did he just go to the casino play that and leave?
Quote: AxelWolfHe must have went just about every time and ran fairly good and remained very discipline to walk away without playing more than he should.
Did he just go to the casino play that and leave?
Yes, that was his strategy. He went once, usually twice a week, played the $10 requirement, cashed out, and left. He only lived a few minutes away from the casino so it was hardly any trouble for him to go so often. I think most of the time he was only up $10-$20 in the end, but sometimes he had paydays of over $100. Not bad for a half hour investment of time twice a week. But of course there were a few times where he lost a little money, but it was never more than a few dollars. It was a great promotion if you were disciplined! He was upset when they got rid of it...haha...
Quote: TigerWuYes, that was his strategy. He went once, usually twice a week, played the $10 requirement, cashed out, and left. He only lived a few minutes away from the casino so it was hardly any trouble for him to go so often. I think most of the time he was only up $10-$20 in the end, but sometimes he had paydays of over $100. Not bad for a half hour investment of time twice a week. But of course there were a few times where he lost a little money, but it was never more than a few dollars. It was a great promotion if you were disciplined! He was upset when they got rid of it...haha...
Personally, I couldn't imagine going to a casino just for $10. To each their own.
