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 difference between fiction and reality is that fiction is supposed to make sense.
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. ;)
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