Liverzzz
Liverzzz
Joined: Jul 11, 2019
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July 11th, 2019 at 9:43:54 AM permalink
Quote: SOOPOO

Let's make it easy first. If we are just talking about a coin toss betting $500 you win $500 1/2 the time and lose $400 1/2 the time. So your average is win $50.

To figure it out exactly we'd need to know a few more details.

If you split and win one and lose one do you get a rebate on the loss or do the two results count as 'no loss'?

The rebate is only on total losses over a 24 hour period, 20% up to a maximum of $100. The above situation wouldn't result in a rebate

If you split and lose both do you get a rebate on both losses?

Only up to a maximum of $100. So if I split a $500 hand and lost both, I would only get $100 back.

If you double down and lose do you get 20% back on the entire bet or just initial bet?

Just the initial bet

And of course what are the general rules for the BJ game in question?

My game of choice is Blackjack Switch(6 deck), doing 2x$250 hands per game, as I believe this offers a slightly higher RTP than regular blackjack.

The usual rules are in play, such as dealer hitting on soft 17, blackjack pays even money,
If dealer gets 22, all other hands get pushed, but a playerís blackjack wins over the dealerís 22.

Because the rebate is only up to $100 and I am doing 2x$250 hands, I am sometimes a little reluctant to double and split, especially on the 'weaker' double/split hands. This is my only slight deviation from basic strategy.


Depending on the answers to the above questions there will be some alterations to "basic strategy", by the way.

SOOPOO
SOOPOO
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July 11th, 2019 at 11:25:42 AM permalink
I am almost sure to best utilize this loss rebate you should bet regular blackjack at $500 a hand. Exactly when to double or split would require more thought than Iím willing to put into it. Can you do this only at blackjack or can you do this on single zero roulette or pass line craps as alternatives?
Is this a real physical casino or an on line casino?
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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July 11th, 2019 at 4:08:57 PM permalink
He's probably going to make 2 trips a week to the casino that has this promotion. First hand only! So if you're betting $500 on the first hand, a 3:2 BJ would pay $750, a win would pay $500, a push would push, a loss would be a $500 loss with a $100 rebate. Trying to set up a separate bankroll just for this bet, I'd start with 10 x $500 = $5000, maybe more. Probably want to skip double downs and minimize splits unless you halve your bets, and halve your bankroll.
Liverzzz
Liverzzz
Joined: Jul 11, 2019
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July 12th, 2019 at 2:19:11 AM permalink
Quote: SOOPOO

I am almost sure to best utilize this loss rebate you should bet regular blackjack at $500 a hand. Exactly when to double or split would require more thought than Iím willing to put into it. Can you do this only at blackjack or can you do this on single zero roulette or pass line craps as alternatives?
Is this a real physical casino or an on line casino?



Would Blackjack Switch not be a better option as it has a slightly lower house edge?
It's valid for card games only so would rule out roulette/craps unfortunately
This is for an online casino
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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July 12th, 2019 at 3:27:26 AM permalink
Quote: Liverzzz

Would Blackjack Switch not be a better option as it has a slightly lower house edge?
It's valid for card games only so would rule out roulette/craps unfortunately
This is for an online casino



I think you want all $500 on one hand instead of $250 on two hands, if I remember the rules of BJ switch correctly. When getting a 20% loss rebate the exact house edge on the base game, be it .8% or .9% is not extremely significant.

I now return to my original comment. I doubt that you ever get paid. But good luck.
Liverzzz
Liverzzz
Joined: Jul 11, 2019
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July 12th, 2019 at 4:06:38 AM permalink
Quote: SOOPOO


I now return to my original comment. I doubt that you ever get paid. But good luck.



Why do you say that? I have been paid/rebated already a few times. I just wanted to clarify the probability of me profiting over time with this. Seeing as winning a Blackjack hand is almost a 50/50 chance, with low variance, am I right in thinking that a 20% rebate offers very good value?
beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
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July 12th, 2019 at 5:21:09 AM permalink
Quote: Liverzzz

Why do you say that? I have been paid/rebated already a few times. I just wanted to clarify the probability of me profiting over time with this. Seeing as winning a Blackjack hand is almost a 50/50 chance, with low variance, am I right in thinking that a 20% rebate offers very good value?



This is strictly opinion without numbers. Yes, a 20% rebate on this game is very good value. It's beyond my skill set to quantify it. I THINK it's worth 4 to 5%, (I could easily be wrong) so overall, you should be playing Switch with an edge around 3 - 4%, with Optimal Strategy.

That's said in a hypothetical world. Not knowing the casino, with it being online, not knowing their T&C, their track record of paying out, the veracity of the software they use in offering the game, the jurisdiction from which they operate, a dozen other things, it would purely scare the crap out of me to risk the kind of money you're ready to put up there.

You could EASILY be the pigeon being set up in all of this, testing small deposits and withdrawals. What do they care if you've taken out a few hundred or a thousand so far, if you're willing to put $50,000 in action in 24 hours? Nice return on their initial investment on you if they suddenly find some "reason" not to pay you. The stories are everywhere of online casinos doing this to people.

But, yeah, I personally would be happy to play this promotion in a casino I trusted on BJ Switch.
If the House lost every hand, they wouldn't deal the game.
heatmap
heatmap
Joined: Feb 12, 2018
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July 12th, 2019 at 12:18:39 PM permalink
Quote: Liverzzz

Hi,

If I play 100 hands(all counting as a 'first hand'), using the same stakes each time



So your saying you have a team of people who can do this

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