I see three reasonable alternate strategies for playing a loss rebate promotion:
Playing for the highest jackpot possible (while seeking out a strong underlying paytable) likely yields the strongest EV. Most of the time you'll crap out on the play in short order, but when you do hit, it'll be a gangbuster hit.
Alternatively, you can seek to reliably get as much coin-in from the play as possible ... with an eye to cashing out subsequent residual offers with no subsequent play.
Finally, you can look to the loss rebate as quasi-freeplay that you use to economically establish a first time visit, with an eye to becoming a repeat patron at the property.
(My strategy at Riviera was a bastardized mix of these ... while highest EV would come from playing $5 or higher vp, or perhaps a $100 slot, the desire for "instant gratification" led me to a play that had a greater probability of a positive cash out on a single play. Plus, if the play should extend into a longer session, there's the possibility to residual offer cashouts.
- H.
--- In vpFREE@yahoogroups.com, "H. F." <sector7up2@...> wrote:
>
> Thanks for posting this.
>
> For loss rebates some people advocate playing a higher denomination and higher variance game than you normally would. Others are more conservative. Quit when you've reached the loss limit or have a sizeable win.
>
> For example, I believe Harry Porter posted here recently that he played the Riviera $1000 loss rebate on the $1 8/6 Bonus Deluxe and quit when he had a $600 win.
>
> --- In vpFREE@yahoogroups.com, "Tahoe Local" <att@> wrote:
> >
> > Sienna is offering a $200 loss rebate on actual slot loss payable 50% 1st and 2nd day after play. Plus they will upgrade your status to any other slot club level. Here are the details:
> >
> > http://imgur.com/XIeOr
> >
> > Maybe someone more seasoned can explain the best way to go about using this loss rebate offer.
>
