Jreno187
Jreno187
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June 30th, 2018 at 1:29:18 PM permalink
I’ve won promo chips in the past. Curious of best way to convert to cash. Say I have 50k chips. (Chips stay with you if you win the hand)
Mgm properties. They don’t care if you bet both sides of baccarat either. Is betting banker/player for same amount the best way? Also where should my cash bet be assuming I have only one promo chip left. Just trying to figure best to way to get the most cash out of it
billryan
billryan
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June 30th, 2018 at 2:46:42 PM permalink
It seems to me that doing that will result in you losing half your chips and walking away with $25,000.

Playing blackjack, at $100 a hand you should end up with much more than that. In rinsing it through once, you should lose less than $5,000.

Same with craps. Your way guarantees you half of what you started with. Many better options are available. Have you considered selling them?
The older I get, the better I recall things that never happened
ChesterDog
ChesterDog
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June 30th, 2018 at 3:58:25 PM permalink
Quote: Jreno187

I’ve won promo chips in the past. Curious of best way to convert to cash. Say I have 50k chips. (Chips stay with you if you win the hand)
Mgm properties. They don’t care if you bet both sides of baccarat either. Is betting banker/player for same amount the best way? Also where should my cash bet be assuming I have only one promo chip left. Just trying to figure best to way to get the most cash out of it




Here's the Wizard page on promotional, match-play, and non-negotiable chips.

In his table, non-neg chips have the most value at blackjack (99.15% for the stated rules.)
Jreno187
Jreno187
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June 30th, 2018 at 6:43:15 PM permalink
Sorry if I explaining in a confusing way. So let’s say I take 25k and bet player and 25k and bet banker. Banker wins, I lose 25k player but win 25k - 5% commission and my banker bet stays out there. So now I’d go 12.5k bank and 12.5k player. And so on. I understand blackjack may be closest to the value. But if I wanted to just pretty much guarantee the money, what’s the best method
KevinAA
KevinAA
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July 1st, 2018 at 12:01:39 AM permalink
Another method I heard of is to put 38 promo chips on roulette; one on every single spot. Guaranteed to win 36.
Jreno187
Jreno187
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Joined: Jul 9, 2017
July 1st, 2018 at 6:05:23 PM permalink
I just want to get the most cash back possible with the least amount of risk.
Nathan
Nathan
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July 1st, 2018 at 6:53:36 PM permalink
Quote: Jreno187

I just want to get the most cash back possible with the least amount of risk.



So does everyone. ;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
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