I know the consensus on loss rebates. Play a high variance game, lose your money quick or win big. This can turn a 1000 dollar loss rebate into something close to 1000 dollars in ev. My contention is that I think one can do much better.
Lets take the palms loss rebate as an example. It's a standard 1000 dollar loss rebate. Imagine as a hypothetical, instead of the high variance approach you were able to grind out at your ev loss at 9/6 multi-hand jacks. If this was possible, you could put 200k coin in to lose the 1000. That's 500 cash back in points. The drawing equity would be even bigger. If the estimate of .2% I here for 10 play quarters is accurate, then penny or two cent pays 2.5 times that or .5% In drawing equity. That's an ev of 1500, plus you would get a few play earn and win prizes.
Now of course I understand you only have a day. But this logic should be combined with the high variance style. Grind until your last hour then go for broke.
Another option that people don't think about is penny slots where you can give somebody a jackpot. Sit down at a 460 must hit by 500. If you hit early, good, move to something else. If you haven't hit by a high number you can give it to a "friend" when it's at a highly +ev point.
Another thing that people don't think about is that you shouldn't use the same strategy for video poker loss rebate plays. You should do things like 3 to a royal over a high pair during a high variance phase because it increases your ev. In addition strategy should change and become more variance seeking as you get closer to losing the entire 1000.
What do you guys think?
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