rebates
- Thread starter bjman
- Start date
I believe that optimal play is to play exactly one hand:
-> Cash out if you win the hand.
-> Ask for a 10% rebate if you lose the hand.
Then repeat.
In practice, you should cash out as often as possible when behind without drawing too much attention to yourself.
It may be much more complex than this, though that isn't obvious to me. Hopefully someone will contribute some proper theory to this interesting question.
--Mayor
-> Cash out if you win the hand.
-> Ask for a 10% rebate if you lose the hand.
Then repeat.
In practice, you should cash out as often as possible when behind without drawing too much attention to yourself.
It may be much more complex than this, though that isn't obvious to me. Hopefully someone will contribute some proper theory to this interesting question.
--Mayor
Rob McGarvey
Well-Known Member
Rebates & Match Plays
The Mayor is correct. By losing 90% of your losing bets, and winning 100% of your winning ones, or 150% if you get a BJ, you should be ahead by 53% of 10% - the house edge, say around a 4.8% edge.
With the 100d/200b match play, we lose 100 or win 300, or 450.
L 100 x 53 = -5,300
W 300 x 47 = 14,100
8,800 profit over betting 10,000
About an 88% advantage.
The Mayor is correct. By losing 90% of your losing bets, and winning 100% of your winning ones, or 150% if you get a BJ, you should be ahead by 53% of 10% - the house edge, say around a 4.8% edge.
With the 100d/200b match play, we lose 100 or win 300, or 450.
L 100 x 53 = -5,300
W 300 x 47 = 14,100
8,800 profit over betting 10,000
About an 88% advantage.
Please explain
So between you and the Mayor, you are suggesting depositing $10,000 with an online casino, which will get you a $20,000 bonus? Flat bet $100 and then ask for and get $10 back every time you lose a hand? Why is it that each losing bet is $100 and each winning bet is $300? Every 100 hands you are guaranteed to lose 53 and win 47 for a guaranteed 88% return? There may be one or two players on this board from the US. How do we legally fund and play these accounts?
These are serious questions so please don't bust this post. I am trying to understand these concepts.
So between you and the Mayor, you are suggesting depositing $10,000 with an online casino, which will get you a $20,000 bonus? Flat bet $100 and then ask for and get $10 back every time you lose a hand? Why is it that each losing bet is $100 and each winning bet is $300? Every 100 hands you are guaranteed to lose 53 and win 47 for a guaranteed 88% return? There may be one or two players on this board from the US. How do we legally fund and play these accounts?
These are serious questions so please don't bust this post. I am trying to understand these concepts.
laymans terms
1)Cant play one hand and leave.They wouldnt honor such an obvious advantage play.
2)I want to play at a full table so it seems like im there longer.
3)I need some calculations for a unit size that i can leave with, win and lose and still have an edge with the 10%.one hand is not a good answer.Its like telling me i should spread 1-10 black on single deck for optimal play.
1)Cant play one hand and leave.They wouldnt honor such an obvious advantage play.
2)I want to play at a full table so it seems like im there longer.
3)I need some calculations for a unit size that i can leave with, win and lose and still have an edge with the 10%.one hand is not a good answer.Its like telling me i should spread 1-10 black on single deck for optimal play.
Rob McGarvey
Well-Known Member
Re: Please explain
"So between you and the Mayor, you are suggesting depositing $10,000 with an online casino, which will get you a $20,000 bonus?"
I don't know what the Mayor is saying about his matchplay. We are depo 100 and get a 200 match play. You can't take it out, so it is not real money UNLESS you win with it. So, we make a single bet of $300, 100 ours, 200 cyber cash.
"Flat bet $100 and then ask for and get $10 back every time you lose a hand?"
That is what is suggested for the Mayors example. He is right.
"Why is it that each losing bet is $100 and each winning bet is $300?"
Read above. Don't get the Mayors example confused with the 100/200 deal.
"Every 100 hands you are guaranteed to lose 53 and win 47 for a guaranteed 88% return? There may be one or two players on this board from the US. How do we legally fund and play these accounts?"
By using NETeller. That will also increase your take as many places will give you 10% just for using this hassle free way of sending your $$ to them.
"These are serious questions so please don't bust this post. I am trying to understand these concepts."
I am glad that you have this attitude. There is a lot of online predjudice that keeps people from even considering these advantages. That is precicely WHY they have to practically bribe you with cash to play online.
"So between you and the Mayor, you are suggesting depositing $10,000 with an online casino, which will get you a $20,000 bonus?"
I don't know what the Mayor is saying about his matchplay. We are depo 100 and get a 200 match play. You can't take it out, so it is not real money UNLESS you win with it. So, we make a single bet of $300, 100 ours, 200 cyber cash.
"Flat bet $100 and then ask for and get $10 back every time you lose a hand?"
That is what is suggested for the Mayors example. He is right.
"Why is it that each losing bet is $100 and each winning bet is $300?"
Read above. Don't get the Mayors example confused with the 100/200 deal.
"Every 100 hands you are guaranteed to lose 53 and win 47 for a guaranteed 88% return? There may be one or two players on this board from the US. How do we legally fund and play these accounts?"
By using NETeller. That will also increase your take as many places will give you 10% just for using this hassle free way of sending your $$ to them.
"These are serious questions so please don't bust this post. I am trying to understand these concepts."
I am glad that you have this attitude. There is a lot of online predjudice that keeps people from even considering these advantages. That is precicely WHY they have to practically bribe you with cash to play online.
Re: Please explain
I'll try not to mix up your proposal and the Mayor's and stick with yours(hopefully). So deposit $100 and get a $200 bonus. Bet the whole $300 on one hand, right? Win that bet and now you have $300. How much do you bet on the next hand? After that? Let's say you lose the first hand (you've really only lost your original stake of $100). Do you then deposit another $100 and get another $200 bonus? And keep on doing this until you start winning and get a real bankroll? Any fees with Neteller? Thanks.
I'll try not to mix up your proposal and the Mayor's and stick with yours(hopefully). So deposit $100 and get a $200 bonus. Bet the whole $300 on one hand, right? Win that bet and now you have $300. How much do you bet on the next hand? After that? Let's say you lose the first hand (you've really only lost your original stake of $100). Do you then deposit another $100 and get another $200 bonus? And keep on doing this until you start winning and get a real bankroll? Any fees with Neteller? Thanks.
Rob McGarvey
Well-Known Member
Re: laymans terms
"1)Cant play one hand and leave.They wouldnt honor such an obvious advantage play."
TRUE. I don't think you would last long onland. The online casino requires you to play the depo and bonus 4x. You lose, you walk, and they offer you something juicy. You win, you have 600 and have put in 1x play. Now you have to give them another 3x 300 to walk. We give them 3x, and they expect us to bolt. We don't. I have players that understand and mastered the use of ............snip
"2)I want to play at a full table so it seems like im there longer."
I guess you are talking about the Mayors example. He will comment on that for you. You need cover no matter where you are advantage playing no question.
"3)I need some calculations for a unit size that i can leave with, win and lose and still have an edge with the 10%.one hand is not a good answer.Its like telling me i should spread 1-10 black on single deck for optimal play."
Once again, the 10% loss deal is the Mayors baby.
I just wanted to give an example of the edge we have online. Someone woke up my bad temper and I let the sword of truth out of my mouth......snip
If you have further questions or comments about this topic please email me at [email protected]
"1)Cant play one hand and leave.They wouldnt honor such an obvious advantage play."
TRUE. I don't think you would last long onland. The online casino requires you to play the depo and bonus 4x. You lose, you walk, and they offer you something juicy. You win, you have 600 and have put in 1x play. Now you have to give them another 3x 300 to walk. We give them 3x, and they expect us to bolt. We don't. I have players that understand and mastered the use of ............snip
"2)I want to play at a full table so it seems like im there longer."
I guess you are talking about the Mayors example. He will comment on that for you. You need cover no matter where you are advantage playing no question.
"3)I need some calculations for a unit size that i can leave with, win and lose and still have an edge with the 10%.one hand is not a good answer.Its like telling me i should spread 1-10 black on single deck for optimal play."
Once again, the 10% loss deal is the Mayors baby.
I just wanted to give an example of the edge we have online. Someone woke up my bad temper and I let the sword of truth out of my mouth......snip
If you have further questions or comments about this topic please email me at [email protected]
Rob McGarvey
Well-Known Member
Re: Please explain
Hahaha! You are asking all the right questions. NETeller has no fees if you transfer $$ into and out of casinos accounts. They do have a 1.9% fee for transfers. If I send one of my team members $500 I send them $510 so they get the full $500 they are expecting. Send me an email. [email protected]
Hahaha! You are asking all the right questions. NETeller has no fees if you transfer $$ into and out of casinos accounts. They do have a 1.9% fee for transfers. If I send one of my team members $500 I send them $510 so they get the full $500 they are expecting. Send me an email. [email protected]