--- In vpFREE@yahoogroups.com, "Chandler" <chandler_re@...> wrote:
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> --- In vpFREE@yahoogroups.com, "vp_wiz" <harry.porter@> wrote:
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> > I see three reasonable alternate strategies for playing a loss rebate promotion:
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> I recently played a $500 loss rebate promo and referred back to this thread with some similar thoughts. For several reasons having to do with this play and casino I simply looked at it as free roll money and discounted the $500 loss rebate value (given in FP vouchers) to about $495 based on the best available game. I got a little lucky and hit bonus quads with kicker early on, and decided to lock it up. Got out of the casino and took a nice walk in the nearby forest preserve. It got me to wondering, though, if there was an optimal time to quit in these types of promotions? Obviously one stops at the promotion's loss limit... but if you are winning?
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> Chandler
In playing the Riviera $500 loss rebate promo for new members, Bev & I opted for $1 BDlx, balancing goals of hopefully coming away a little to the good, plus targeting an extended session that yielded residual value on back end offers. (Again, max EV strategy would be more aggressive high denom play.)
In the event of a winning session, the loss rebate loses value as your meter climbs. I made a gut assessment that an appropriate cash out strategy was at a $600 win.
We were each fortunate to achieve this win target ... Bev cashing out in 15 minutes, hitting two quads in short order (and ending up with weak mailers), I ran play through for close to 90 minutes before my cashout, scoring a 5 night offer with $100/night in FP.
- H.
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