Anyway to take advantage of cash back on losses?

Hello to everyone and thank you for any help you can provide. I have a setup with an online casino the will return %30 of all my losses to me. The number resets weekly. So if I lose 1000 this week they will give me back 300. If I win a 1000 the following week I will get the 1000. If I lose the following week I would get the percentage again. I hope that made sense.

My question is what is the best way,if any, to take advantage of this?

Quote: Scooby777

Hello to everyone and thank you for any help you can provide. I have a setup with an online casino the will return %30 of all my losses to me. The number resets weekly. So if I lose 1000 this week they will give me back 300. If I win a 1000 the following week I will get the 1000. If I lose the following week I would get the percentage again. I hope that made sense.

My question is what is the best way,if any, to take advantage of this?

Hi,

Welcome to the forum. Are you familiar with the member kgb92?

Loss rebates, while counterintuitive, can be very valuable. That offer sounds awesome.
Here's my experience.
https://wizardofvegas.com/member/oncedear/blog/#post1703

Quote: Scooby777

Hello to everyone and thank you for any help you can provide. I have a setup with an online casino the will return %30 of all my losses to me. The number resets weekly. So if I lose 1000 this week they will give me back 300. If I win a 1000 the following week I will get the 1000. If I lose the following week I would get the percentage again. I hope that made sense.

My question is what is the best way, if any, to take advantage of this?

It would be great IF the casino was fair, honest and random(is it a US regulated casino? I'm thinking not.)You would want to bet as much as you can afford to bet each week on 1 event. Some higher limit VP would work as well. The fact that they are resetting this every week puts up big red flags.


Are you sure you read all the terms and conditions? No rollover? Do they exclude any games or restrict how much you can wager?


You need to investigate the casino's history first and foremost. If you care to share the name here or in private Ill do some digging.

Even if its a fairly reputable online casino I wouldn't put in more than I could comfortably lose and not care about it. I would start off slow and cautiously and see how it's going.

I am new to the forum and have never hear of the member you mentioned. Thank you for your response and I will read the link and appreciate you responding to me. Thank you

Thank you for the response. is the redirect link. It originates from several online casinos. I know the terms are correct and am fairly sure the games are fair.

Quote: Scooby777

Thank you for the response. is the redirect link. It originates from several online casinos. I know the terms are correct and am fairly sure the games are fair.

As you've discovered, you cannot post links yet. Post it with spaces in and I'll see if I can fix it up for you.

As Axel says, there are lots of red flags here. If an offer sounds too good to be true ( like this one ) then it's probably not true.

I know the offer is legitimate and the casino so far seems legit. I have been playing for several weeks. Mainly 25 hand 9/6 Jack's or better and have been doing fairly well. I was up nearly $2400 and have been paid. This past week was my first losing week at -1000 and I was given $300 back.

I am thinking your advice of playing one big play a week might be the best answer. If we assume that everything is as I described which game would be my best play? I am thinking vp or baccarat. Thank you guys for helping me out

Quote: Scooby777

I know the offer is legitimate and the casino so far seems legit. I have been playing for several weeks. Mainly 25 hand 9/6 Jack's or better and have been doing fairly well. I was up nearly $2400 and have been paid. This past week was my first losing week at -1000 and I was given $300 back.

I am thinking your advice of playing one big play a week might be the best answer. If we assume that everything is as I described which game would be my best play? I am thinking vp or baccarat. Thank you guys for helping me out

this sounds way too good to be true. Bet the most you can afford to play on one hand of baccarrat per week. Win or lose only play one hand per week. It might not be mathematically optimal, but it is simple and you will eventually get rich (except that they won't allow that and will cut you off or not pay you).

I don't know what their limits are and your bankroll. There are plenty of people on this site that would play the maximum bet allowed if this is legit.

This spreadsheet should answer your question --

http://advancedadvantageplay.com/AAP_Files/Loss_Rebate_Theorem.xlsx

New member...sounds too good to be true...are you recruiting us, possibly for a fee? Just curious.

No I am not recruiting anyone. I just presented an honest situation that I have and want to try to play it in my favor. I swear I have no motive other than to make the most out of this opportunity.

Thank you!

Quote: Scooby777

No I am not recruiting anyone. I just presented an honest situation that I have and want to try to play it in my favor. I swear I have no motive other than to make the most out of this opportunity.

Hope you kill it, then. Good luck! If it looks sharable, I encourage you to do it via PM if someone asks.

I am not trying to scam or recruit anyone. I just have a situation and am not as smart as many of the people in here. I can bet a max of $50 in BJ and Baccarat per hand and only have a $1000 per week limit I have been playing 9/6 25 hand jacks or better but don't think that is the best choice. I just want to maximize the potential. Thanks again for your help.