Promotion I couldn't take advantage of!

[Cardcounter]

The siena is having a promotion right now if you buy a $1,000 in chips you can receive a $1050 in promotional chips. In $25 promotional chips if you win you keep the promotional chip and get paid in real money chips. I was bummed out because I didn't have a $1,000 in cash on me to take advantage of the offer. You keep playing the promotional chips until you lose all of them but you receive real money chips in the process.

 

[creeping panther]

Promo

The siena is having a promotion right now if you buy a $1,000 in chips you can receive a $1050 in promotional chips. In $25 promotional chips if you win you keep the promotional chip and get paid in real money chips. I was bummed out because I didn't have a $1,000 in cash on me to take advantage of the offer. You keep playing the promotional chips until you lose all of them but you receive real money chips in the process.

Sounds awful good. What do you mean by "buy $1000 in chips"? You mean buy in?

CP

 

[shadroch]

Thats 5% extra.
Red Rock currently has a pay $100, recieve $120. A few other places have similar, but smaler deals.

 

[LV Bear]

I was bummed out because I didn't have a $1,000 in cash on me to take advantage of the offer.

This is why one should never enter a casino without a reasonable amount of cash in his or her possession. You never know what opportunities you might find.

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[Kasi]

Thats 5% extra.

I don't know. Almost sounds to me kinda like an internet deal with a 2 unit bonus and attached wagering requirements since, maybe, the way I read it, one must play until all promotional chips are gone?

Maybe by the time one has expected to lose 42 units one has given up a unit of EV kind of thing?

So, probably still good, but less than 5% would be my guess lol.

 

[Cardcounter]

You have to go to the players club and buy in for a $1,000 instead of giving you real money chips that you can just cashout they give you $1050 worth of promotional chips which you can't cashout. But when you play the promotional chips you win real money chips. You effectively have a wagering requirement of at least $1050 to $5,000 plus. A $1,000 is a lot of cash though and I didn't have that kind of money on me.

 

[Guynoire]

Did you try establishing credit and taking out a marker? Most people don't carry that much cash on them so I assume the promotion is targeted to those who have a credit line.

 

[Kasi]

You have to go to the players club and buy in for a $1,000 instead of giving you real money chips that you can just cashout they give you $1050 worth of promotional chips which you can't cashout. But when you play the promotional chips you win real money chips. You effectively have a wagering requirement of at least $1050 to $5,000 plus. A $1,000 is a lot of cash though and I didn't have that kind of money on me.

Thanks - that's what I thought.

Most likely +EV. Which is pretty cool for a flat-betting BS player. Depending on rules, how they handle splits (if you win one and lose one, net push, what happens?), what happens with a tie (you still keep the chip?), etc.

Something maybe like you lose 1.05 units when you lose and you lose say 48% of the time, etc.

Nice promotion, sounds like to me.

But then, the "if it sounds too good to be true..." always kicks in for me lol.

Probably wasted 3 months before playing on the internet wondering what the catch was because no sane man could possibly ever offer the apparent reality being offered lol. Turns out they actually were insane lol.

 

[sevencard2003]

if i was in reno id do it. but i imagine the catch is u are only allowed to do it once in ur lifetime?

let me know, cause if u was allowed to do it once a day instead, that would be wonderful

 

[Cardcounter]

I went back their and this time I made a trip to the bank to pull out $1,400 in cash, to take advantage of the promotion. You can do the promotion once a day every day in May. If you tie you keep the chip just like normal. You are allowed to split with the promotional chips or with real money chips if you are out of promotional ones. The only difference between real money chips and promtional ones is you can't cashout the promotional chips you can only play them to win real money chips. First time I did it I cashed out $925 losing $75 but if I played real money chips I would have lost $125.

 

[sevencard2003]

sure wish i was in reno then--it would be well worth doing the promotion every day--would it not? for $1500 in free money (50x30)?

lets see with an average loss of less than 1% if u flat bet, ud lose less than 1% of 1050x30=31,500 so ud only lose about $200 average for the entire month. i dont see how the casino can do it. do u? sure they have no other catch?

evidently they are guessing most will lose it on the machines if they walk in with $1000 i think, and wont have the discipline to quit once theyve played it thru once

 

[ColorMeUp]

sure wish i was in reno then--it would be well worth doing the promotion every day--would it not? for $1500 in free money (50x30)?

lets see with an average loss of less than 1% if u flat bet, ud lose less than 1% of 1050x30=31,500 so ud only lose about $200 average for the entire month. i dont see how the casino can do it. do u? sure they have no other catch?

evidently they are guessing most will lose it on the machines if they walk in with $1000 i think, and wont have the discipline to quit once theyve played it thru once

I think you hit on it in your post.....for one, most players give up way more than 1% at a blackjack table.....and second, just like you said, they won't have the discipline to quit once they've played it through........

 

[shadroch]

Promo would be much better if the chips were smaller. You get 42 chips instead of 40.

 

[JSTAT]

I was bummed out because I didn't have a $1,000 in cash on me to take advantage of the offer.

This is why one should never enter a casino without a reasonable amount of cash in his or her possession. You never know what opportunities you might find.

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Walking around with $1,000 in cash entering the Siena can be dangerous Wong. This is a bad area of town. Reno PD laid off officers in that area, so crooks can go wild. Should be noted in CBJN.

JSTAT