Re: [vpFREE] XVP - A good non VP advantage play. -Two excellent keno tournaments coming upo in a few days!

 

I may not have been clear in my original post for which I apologize. When you buy in for $500 you can only play $500 in total for that buy in.  You may buy in a second or third time but that is regarded separately for prize purposes. Thus if you play 100 tickets at $5 per ticket your buy in is used up. Whether you win, lose, or break even with the $500 u cannot play any more with that buy in. To keep track every buy in is given an account number which goes on the ticket and when you reach the limit cannot play any more for that buy in. There are some tournaments that do have a minimum buy in with no upper limit on play (i.e Fremont).Thus the trick is how to play that $500.  There are rues to prevent one form "buying" a tournament such as limit of $10 per ticket or way in most tournaments. Standard Wong suggests that you check the totla s(they are usually posted hourly) and buy a ticket for the minimum number of spots that if all hit would put you in first place.  For example if the first place person has won $1879 thus far and you have won $978.50 thus far...playing The El Cortez $1.15 special 5 spot that pays $1,000 on a 5 of 5 if hits puts u in first place. Of course the player you are trying to catch may have some of his or her buy in left and can re overtake you in the same manner. Being that keno is a long shot game one has to look at the big picture over multiple buy ins as in a 36'-48' tourney anything can happen.  One thing I have advised in my columns is it makes no sense to play any ticket that will not put you or keep you in the prize fund. That way you would be giving up that extra money that nullifies the house edge. I am open to any suggestions for tournament play that are based on sound math and comp using strategies (i.e, I totally agree with Max Rubin int he philosophy of getting $10 in comps for every $1 in losses) .As a small recreational player I value comps very highly. Thanks


On Saturday, June 7, 2014 3:59 PM, "Bob Dancer bobdancervp@hotmail.com [vpFREE]" <vpFREE@yahoogroups.com> wrote:


 
80% of $500 entry fee is indeed $400 --- if you bet your $500 exactly once. Betting your money once is not a way to win a tournament. To win the tournament you have to keep betting until you either go broke or hit a very large jackpot.

This may be an advantage play if you know how to play tournament Keno (Stanford Wongs Casino Tournament Strategy is old but has some good basics.) But basing this decision on you're only going to lose $100 because 80% of $500 is $400 is NOT the way to address the situation.

Bob




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Posted by: pesach kremen <royalflush2222@yahoo.com>
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RE: [vpFREE] XVP - A good non VP advantage play. -Two excellent keno tournaments coming upo in a few days!

 

80% of $500 entry fee is indeed $400 --- if you bet your $500 exactly once. Betting your money once is not a way to win a tournament. To win the tournament you have to keep betting until you either go broke or hit a very large jackpot.

This may be an advantage play if you know how to play tournament Keno (Stanford Wongs Casino Tournament Strategy is old but has some good basics.) But basing this decision on you're only going to lose $100 because 80% of $500 is $400 is NOT the way to address the situation.

Bob


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Posted by: Bob Dancer <bobdancervp@hotmail.com>
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[vpFREE] XVP - A good non VP advantage play. -Two excellent keno tournaments coming upo in a few days!

 

Few thing of keno as a game where one can get an edge.  You can get an edge, not from the game itself but from the promotions that go with the game.

The best example is tournament play in a buy in style tournament where there is no entry fee and you keep all you win.  The way you get the edge is because prize money and comps are also given out as well.

There is a tournament at The El Cortez (LVS) and The Orleans (LVS), the El Cortez being June 12-14, The Orleans being June 17-19. Both have $500 buy ins and contribute about $10,000 to the prize fund paid to the top 10 or 15 winners (depends on the casino).  Thus the analysis is very easy to determine the edge.

Both casinos offer tickets that return any where from 70%-88% for tickets allowed in tournament play. Let's use 80% for purposes of the example and assume there are 100 entries in each.  The El Cortez will probably have less and The Orleans more but 100 is a good average to use.

Thus on the average for your $500 buy in with an 80% return expect to receive (expected value) $400 back.  But add the prize money of $10,000 divided among 100 entries and this averages out to an extra $100 per entrant. Thus you immediately have an expectation of breaking even. But there are freebies thrown at you as well.

Both casinos give 3 nights free stay to the invited tournament entrants (If not on the list call the casino and ask to be invited,and I have yet to see anyone refused using this method as players are always welcomed) and other comps.

The El Cortez gives you $25 in free slot play and many of their 99%+ games are eligible for this free slot play.
The Orleans gives several free buffets. The El Cortez gives locals not staying in the hotel that enter the tournament $50 in food vouchers. Both have a tournament banquet with excellent food. 

And if the casino sees you as a keno player you are less likely to be scrutinized as a heavy VP advantage player,and besides tourneys are a lot of fun. Unfamiliar  with keno play, go to the GBC (Gambler's Book Club) now merged with Gambler's General Store (800 S Main, any bus to BTC or actually walkable from downtown in decent weather) and check out books by Wayne McClure, David Cowles, and Stanford Wong's book on tourney play.   Or check out my column in Gaming Today http://gamingtoday.com/casino_games/keno_bingo/articles,

Both give a small gift to the entrant.  Annette runs an excellent operation at The Orleans and Vinnie runs an excellent operation at The El Cortez.

At the end of the tourney your play will be downloaded to your account so that you get future invites and more. 

Both casinos have 99%+ video poker and good slot clubs.  Both have non smoking sections in ttheir keno lounges. Both have excellent restaurants. Both are easily accessible by the excellent CAT bus system (Orleans, 104/201), El Cortez (BHX, 207/208/Deuce).  Both have multiple odds on craps (less than1% house edge before comps with proper play) and decent blackjack games (house edge of 1/2% available).  Best of luck, Pesach

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Posted by: pesach kremen <royalflush2222@yahoo.com>
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