Cosmo Promotion

[Percy]

Sounds like a reasonable promotion, particularly if you play some high variance games/slots. Anyone tried this out?

http://www.reviewjournal.com/business/casinos-gaming/cosmopolitan-promo-tries-bring-visitors-struggling-casino-floor

 

[aslan]

Sounds like a reasonable promotion, particularly if you play some high variance games/slots. Anyone tried this out?

http://www.reviewjournal.com/business/casinos-gaming/cosmopolitan-promo-tries-bring-visitors-struggling-casino-floor

I wish I had known about this promotion, but, sad to say, I am leaving "windy" Las Vegas in the morning. The weather here has been fantastic, maybe a bit on the windy side, but an escape from those 90 degree days in Virginia. :laugh: Who'da thought!

 

[ninous26]

Nice promo but I can see why they struggle.

I'd say MOST, and I do mean MOST of the people in the Cosmo are more worried about how they look and smell than gambling at all. I always spot empty tables and empty slots.

Girls go there because of the name, guys go there because of the girls:laugh:

 

[tedsuxs]

Dont feel like readin details, can you lose the 100$ in BJ and get the promo ?

 

[ninous26]

Didn't specify if you lose $100 on what (I'm guessing slots only because thats the only way they can track it) but they will give you $100 back in IDENTITY PLAY so you'll have to register for their players card and you'll receive their own freeplay back

 

[tedsuxs]

thx

 

[Nynefingers]

This is very very similar to the online casino "sticky bonuses". For a sticky bonus, you might deposit $100 and the casino will give you another $100, but you can never cash out that $100. That means, for example, if you bet it all on one hand, you will either win $200 (total balance would be $400, of which you could cash out $300, which is a $200 profit on your $100 deposit) or you'd lose your $100. If each has roughly a 50% probability, that one bet is worth $50 in +EV. If, on a win, instead of cashing out, you went for another double up, your total EV for the play would go up to $75, with a 25% chance of a $600 win and a 75% chance of a $100 loss. In general, the higher your target, the greater the EV (approaching $100, which is the limit for your EV on this play) and the less frequently you will win.

Aside from the fact that you have to front the money for this promo and you get the rebate at the end, it's very similar. You put up $100 and play it like a sticky bonus. You'll want to have a target of turning that into probably at least a thousand minimum (assuming you have a significant bankroll). Assuming you play VP, you'll probably want to use the biggest coin you can and target $1000 or more. This will have a high rate of failure (90%+) but you won't lose anything because you'll collect the $100 rebate. If the VP machines have a double up feature, you'll want to use an even bigger target, probably $2000ish or more (because you get more variance with no house edge). If the game had no house edge at all, the EV maximizing target would approach infinity, but because there is a cost to every hand you play, the optimum target is finite. That's why the target is higher if you have the double up feature. Similarly, the target should be lower if you are playing games with a higher house edge. I don't have exact numbers for the optimum targets, but I'm sure somebody here can calculate it. I'm sure there are some good references online for optimum play on sticky bonuses. In that context, if you find those formulas, this would be like a $0 deposit and a $100 sticky bonus. At least this should get you in the right mindset for how to extract maximum EV out of this promo.

 

[kewljason]

This is very very similar to the online casino "sticky bonuses". For a sticky bonus, you might deposit $100 and the casino will give you another $100, but you can never cash out that $100. That means, for example, if you bet it all on one hand, you will either win $200 (total balance would be $400, of which you could cash out $300, which is a $200 profit on your $100 deposit) or you'd lose your $100. If each has roughly a 50% probability, that one bet is worth $50 in +EV. If, on a win, instead of cashing out, you went for another double up, your total EV for the play would go up to $75, with a 25% chance of a $600 win and a 75% chance of a $100 loss. In general, the higher your target, the greater the EV (approaching $100, which is the limit for your EV on this play) and the less frequently you will win.

Aside from the fact that you have to front the money for this promo and you get the rebate at the end, it's very similar. You put up $100 and play it like a sticky bonus. You'll want to have a target of turning that into probably at least a thousand minimum (assuming you have a significant bankroll). Assuming you play VP, you'll probably want to use the biggest coin you can and target $1000 or more. This will have a high rate of failure (90%+) but you won't lose anything because you'll collect the $100 rebate. If the VP machines have a double up feature, you'll want to use an even bigger target, probably $2000ish or more (because you get more variance with no house edge). If the game had no house edge at all, the EV maximizing target would approach infinity, but because there is a cost to every hand you play, the optimum target is finite. That's why the target is higher if you have the double up feature. Similarly, the target should be lower if you are playing games with a higher house edge. I don't have exact numbers for the optimum targets, but I'm sure somebody here can calculate it. I'm sure there are some good references online for optimum play on sticky bonuses. In that context, if you find those formulas, this would be like a $0 deposit and a $100 sticky bonus. At least this should get you in the right mindset for how to extract maximum EV out of this promo.

I didn't put this much thought into the promotion. I just put a Ben in a $1 VP machine figuring I would cashout if I hit anything that brought the total over $200 for a $100+ of winnings. That never happened, unforetunately, so I collected my $100 rebate, which is in free play and played that through just hoping to collect as close to $100 as possible. After the $100 playthrough, I cashed out at $135 for a $35 profit.

Just a reminder: this promotion ends in 3 days on June 15.

 

[Nynefingers]

I didn't put this much thought into the promotion. I just put a Ben in a $1 VP machine figuring I would cashout if I hit anything that brought the total over $200 for a $100+ of winnings. That never happened, unforetunately, so I collected my $100 rebate, which is in free play and played that through just hoping to collect as close to $100 as possible. After the $100 playthrough, I cashed out at $135 for a $35 profit.

Just a reminder: this promotion ends in 3 days on June 15.

You didn't give up too much in EV. With a target of $200, your EV was just a little below $50. A target of $400 probably would have gotten the EV up to around $70. Even with a very high target, your EV will still only be maybe $85-90. Realistically, for most players with modest bankrolls (meaning not you ), targeting a $4-500 win is probably a reasonable compromise between maximizing EV and minimizing variance.

 

[shadroch]

Trop has a better promo. Lose up to $200 and you get half back in free play the same day and half the next month. I lost my $200 playing hi risk slots and got it back playing video BJ at the sports bar. Ended up onluy up a few bucks but had quite a few shots at some nice payoffs on $5 slots.

 

[darco77]

This promo has been extended through July 31st.

I took a similar approach as kewljason. I found a 9/6 JoB machine where I could get a $50 spin and planned on spinning twice, losing both, and collecting my freeplay. The gods were smiling on me that day, however, and a few minutes later, I was cashing out for $1700 :cool2:

 

[kewljason]

This promo has been extended through July 31st.

I took a similar approach as kewljason. I found a 9/6 JoB machine where I could get a $50 spin and planned on spinning twice, losing both, and collecting my freeplay. The gods were smiling on me that day, however, and a few minutes later, I was cashing out for $1700 :cool2:

You hit quads and full house on your 2 spins?? Nice! I have played this promotion twice, (different names) and lost my initial $100 each time. :sad: Managed to run the rebate to $135 and $75 respectfully, for a grand total of +$10! :celebrate

Tuscany, (1/2 block off the strip) has a similar $50 instant rebate.

 

[darco77]

Groupon

You hit quads and full house on your 2 spins?? Nice!

Not exactly like that, but pretty damn close. I gave it about 15 spins total, but for every losing spin, there was a 2-Pair or Trips to counter it. It was the most unlikely 15 spins in my history of VP. Of course, I spent 30 minutes scouting the place for a decent quarter game to convert my freeplay. I finally found a 9/5 JoB, but luckily never needed it.

In other Promo News, yesterday's LV Groupon is $60 in chips for $20 cash at Mystic Lodge Casino in Henderson. I've never seen this place listed on cbjn, so I'll assume it's machines only. Offer is good for new club members only.

 

[clubsoda]

This is very very similar to the online casino "sticky bonuses". For a sticky bonus, you might deposit $100 and the casino will give you another $100, but you can never cash out that $100. That means, for example, if you bet it all on one hand, you will either win $200 (total balance would be $400, of which you could cash out $300, which is a $200 profit on your $100 deposit) or you'd lose your $100. If each has roughly a 50% probability, that one bet is worth $50 in +EV. If, on a win, instead of cashing out, you went for another double up, your total EV for the play would go up to $75, with a 25% chance of a $600 win and a 75% chance of a $100 loss. In general, the higher your target, the greater the EV (approaching $100, which is the limit for your EV on this play) and the less frequently you will win.

Aside from the fact that you have to front the money for this promo and you get the rebate at the end, it's very similar. You put up $100 and play it like a sticky bonus. You'll want to have a target of turning that into probably at least a thousand minimum (assuming you have a significant bankroll). Assuming you play VP, you'll probably want to use the biggest coin you can and target $1000 or more. This will have a high rate of failure (90%+) but you won't lose anything because you'll collect the $100 rebate. If the VP machines have a double up feature, you'll want to use an even bigger target, probably $2000ish or more (because you get more variance with no house edge). If the game had no house edge at all, the EV maximizing target would approach infinity, but because there is a cost to every hand you play, the optimum target is finite. That's why the target is higher if you have the double up feature. Similarly, the target should be lower if you are playing games with a higher house edge. I don't have exact numbers for the optimum targets, but I'm sure somebody here can calculate it. I'm sure there are some good references online for optimum play on sticky bonuses. In that context, if you find those formulas, this would be like a $0 deposit and a $100 sticky bonus. At least this should get you in the right mindset for how to extract maximum EV out of this promo.

I believe this promo is slightly different in that it essentially resets each day. So if after one $50 spin on Video poker I have $150 in credits I have a choice between: "Lose $150 and get $100 in free play" today and "Lose $100 and get $100 in free play" tomorrow. Wouldn't I be better off walking with my $50 profit and coming back tomorrow?

 

[aslan]

Not exactly like that, but pretty damn close. I gave it about 15 spins total, but for every losing spin, there was a 2-Pair or Trips to counter it. It was the most unlikely 15 spins in my history of VP. Of course, I spent 30 minutes scouting the place for a decent quarter game to convert my freeplay. I finally found a 9/5 JoB, but luckily never needed it.

In other Promo News, yesterday's LV Groupon is $60 in chips for $20 cash at Mystic Lodge Casino in Henderson. I've never seen this place listed on cbjn, so I'll assume it's machines only. Offer is good for new club members only.

Can't place it. But I get to Henderson a lot, so it will be worth checking out. Are you talking about THE Groupon? When was it, BTW? My wife is an avid Groupon user.

 

[darco77]

Can't place it. But I get to Henderson a lot, so it will be worth checking out. Are you talking about THE Groupon? When was it, BTW? My wife is an avid Groupon user.

Yes, sir. THE Groupon, dated July 4. Go get it here: http://www.groupon.com/las-vegas/deals/mystic-lodge-casino

 

[darco77]

Wouldn't I be better off walking with my $50 profit and coming back tomorrow?

Yes.

 

[aslan]

Yes, sir. THE Groupon, dated July 4. Go get it here: http://www.groupon.com/las-vegas/deals/mystic-lodge-casino

Not far from my friends who live by the Galleria on Sunset. I'll hope they do these offers regularly. I never thought of Groupon as a place to look for more than a meal. Thanks.

 

[Nynefingers]

I believe this promo is slightly different in that it essentially resets each day. So if after one $50 spin on Video poker I have $150 in credits I have a choice between: "Lose $150 and get $100 in free play" today and "Lose $100 and get $100 in free play" tomorrow. Wouldn't I be better off walking with my $50 profit and coming back tomorrow?

Possibly so if that's the way it works, and if you can only take the $100 in freeplay once. If you can take the $100 freeplay daily (which I strongly doubt), then you would want to keep playing. I played one of these deals this past week in a different town where for new players, in your first day of having a card, your net loss for the day, up to $100, is rebated in freeplay the next day. I put $100 in a $1 9/5 JoB machine and played for $5/spin, as it was the biggest denomination and best game in the place. It did have the double-up feature, which is great for these promos as it gives as much variance as you want (to a point) with no house edge on the double up bets. I played the double up game on every winning hand, targetting a profit of around $800. I didn't have a reference handy to give me the optimal target, but I don't think I was giving up a horrible amount of EV with that target. I didn't hit my win goal, which is the expected result roughly 90% of the time, but it was basically an $800 freeroll so I can't complain much.