[vpFREE] Re: Rethinking loss rebates

 

Generally I think you're on the right track.

For example, playing out a loss rebate on a low variance game yields a strong possible initial rating, which can be milked via repeat visits. This strategy can yield a more reliable positive payback on a loss rebate than playing high stakes/high variance.

Generally speaking, you're absolutely right about the rationale for strategy variations to increase the likelihood of a positive outcome.

- H.

--- In vpFREE@yahoogroups.com, "vpplayer88" <vpplayer88@...> wrote:
>
> 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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[vpFREE] Rethinking loss rebates

 

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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[vpFREE] Re: Grand Biloxi

 

> "Queen of Comps" wrote:
>
> We may be staying there one night on our way to a wedding in
> Florida in December. Can anyone verify that the game list on
> vpFREE2 is up to date.

Here's a link to the Grand Biloxi video poker that has been reported
to vpFREE2.com.

http://www.vpfree2.com/casino/grand-biloxi-casino-hotel-spa

If anyone sees any changes that should be made to that list, you can
post them here or just click on "Send Update" on the vpFREE2 page and
let them know.

I'm posting this on the vpFREE Biloxi forum also.

vpFREE Administrator

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[vpFREE] Re: Reading the fine print

 



Queen of Comps wrote:

> Silverton’s food promo has another negative. If you earn
> at the $40 level, you can’t get two $20’s rather than
> one $40. Very inconvenient for a single person. A friend
> said they were just shooting themselves in the foot â€"
> next time she would just play 500 points instead of 1000.
>
> Great idea, casinos â€" run a promotion that causes your
> customers to play less!!!!!

Silverton is the premier purveyor of promotions that encourage
you to play less!

G'luck all,
Gamb00ler

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Re: [vpFREE] Reading the fine print

 

I used mine on a party of 7 with 7 free deserts and an overage on the meals of $23 which they also covered.

[Non-text portions of this message have been removed]

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Re: [vpFREE] Reading the fine print

 

We have used our Harrah's celebration dinner for big groups (as many as 18) in many different casinos over the years, most recently last month. (We would choose a buffet for a large number of people rather than a gourmet restaurant for a few.) I don't know where the "rules" are written down. In the 7* booklet I last received it did say to make arrangements with a host and "some restrictions apply." I wonder whether it depends on the host, the casino, or what?? I never have heard of that 4 limit – very troubling!!!!!

Silverton's food promo has another negative. If you earn at the $40 level, you can't get two $20's rather than one $40. Very inconvenient for a single person. A friend said they were just shooting themselves in the foot – next time she would just play 500 points instead of 1000.

Great idea, casinos – run a promotion that causes your customers to play less!!!!!

------------------------------------------
Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
You can read my blog at
http://jscott.lvablog.com/

From: TedChee@aol.com
Sent: Monday, November 19, 2012 10:18 AM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Reading the fine print, Casino Royale

Reading the fine print:

HARRAH'S

7 star players get an annual celebration dinner worth $500. I was going to
use it for a party of 30. Was told that it's limited to 4 people. Several
times in the past I've had more than 4 people & the restaurants always took
care of it but I never read the rules.

SILVERTON

has a current promotion that gives you food credit in the following
amounts:

250 pts = $10
500 pts = $20
1000 pts = $40

$1 play = 1 pt

The screen on the machine tells you about the promotion but does not tell
you about the restrictions. When I tried to use $40 for dine in with a
friend & a sandwich take-out I learned the rules:

--- only 2 entrees can be ordered
--- no take-out
--- the rules are on the back of the coupon

We protested that you don't know the rules until after you get the
coupon.**

CASINO ROYALE

has brought back the video poker coupons for those who play enough to
establish themselves for the quarterly mailer.

I'm guessing that's 100,000 pts which is $10 in comps or free play.

**PEPPERMILL in Reno often did this with their coupons by offering dining
freebies which weren't really free due to restrictions printed on coupon.

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

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[vpFREE] Reading the fine print, Casino Royale

 

Reading the fine print:

HARRAH'S

7 star players get an annual celebration dinner worth $500. I was going to
use it for a party of 30. Was told that it's limited to 4 people. Several
times in the past I've had more than 4 people & the restaurants always took
care of it but I never read the rules.


SILVERTON

has a current promotion that gives you food credit in the following
amounts:

250 pts = $10
500 pts = $20
1000 pts = $40

$1 play = 1 pt

The screen on the machine tells you about the promotion but does not tell
you about the restrictions. When I tried to use $40 for dine in with a
friend & a sandwich take-out I learned the rules:

--- only 2 entrees can be ordered
--- no take-out
--- the rules are on the back of the coupon

We protested that you don't know the rules until after you get the
coupon.**


CASINO ROYALE

has brought back the video poker coupons for those who play enough to
establish themselves for the quarterly mailer.

I'm guessing that's 100,000 pts which is $10 in comps or free play.


**PEPPERMILL in Reno often did this with their coupons by offering dining
freebies which weren't really free due to restrictions printed on coupon.

[Non-text portions of this message have been removed]

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[vpFREE] Re: Gambling Results Tracker for iPhone

 


I haven't found a dedicated app that works well for me, either.
I use Evernote to do my live tracking and then transfer the info to a spreadsheet later. It works well for me, but it does require multiple steps.

Take Care,
Mark
http://markslasvegas.markanduss.com

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[vpFREE] Re: Re: XVP: "This could have made things tough for the Dolly's at K-Mar

 

>>>In a message dated 11/17/2012 8:50:16 A.M. Pacific Standard Time,
vpFREE@yahoogroups.com writes:

1a. Posted by: "savorvpx" savorvpx@yahoo.com savorvpx
Date: Fri Nov 16, 2012 4:54 pm ((PST))

Speaking of Dotty's, they are now operating the gambling machines at the
Food 4 Less stores in Las Vegas. All Dotty's locations including a few in
Elko already - _http://dottys.com/_ (http://dottys.com/) <<<

As they say in Texas, "oops"...of course, it's Dotty's not Dolly's.

Odd thing about Dotty's in Elko...all three of their locations are within
a half mile of each other. I've yet to find anything playable at any of
them, although I have tried their short pay Pick-a-Pair at K-Mart while
waiting around. They have sort of an odd "hotseat" type of promotion...if
you've got your card it, they detect that down in Las Vegas and it you're
picked, they call the attendant at the site and tell them to give you $20.

It's hard to believe that Dotty's or the slots at the grocery stores stay
in business....I've never seen more than one or two people playing at a
time at any of those sort of places.

[Non-text portions of this message have been removed]

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[vpFREE] LVA Question of the Day - 19 NOV 2012

 

LVA Question of the Day - 19 NOV 2012

Q: There are several white Boeing 737s with a red stripe but
no other markings parked on the general aviation side of
McCarran airport. They seem to fly in and out every day. Who
do they belong to and where are they going? Area 51?

Read the answer here:

http://www.lasvegasadvisor.com/qod.cfm

<a href="http://www.lasvegasadvisor.com/qod.cfm">
http://www.lasvegasadvisor.com/qod.cfm</a>

NOTE: vpFREE access to the Question of the Day link has
been approved by LVA and expires after the current day
for non-LVA members.

*************************************************
This link is posted for informational purposes
and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
*************************************************

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