Although the $100 loss promotion at the Cosmopolitan does require you
lose $100 to take advantage of it, if you end of winning for the day
just go back the next day until you do end up losing $100 for the day.
We actually ended up winning one day and weren't going to continue
until we lost $100. We went back the next day and did end up losing
and got the freeplay loaded onto our card.
I think some are looking at this wrong. No one “wants to lose.” But give me a gambling opportunity where I have a chance to win and there is no danger of “losing” (because there is a loss rebate), and I would do it every day of the week. Of course some people don’t have “discipline” in their gambling life, but that is going to be a problem whenever or wherever they play, no matter what the promotion. Any promotion can be a danger for those without discipline!
------------------------------------------
Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
You can read my blog at
http://jscott.lvablog.com/
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I think some are looking at this wrong. No one “wants to lose.” But give me a gambling opportunity where I have a chance to win and there is no danger of “losing” (because there is a loss rebate),
---Well, there is still a “danger of losing.” Once you have lost your initial $1000, there is no guarantee you will make money or even win back your initial $1000 from free slot play. But it’s still a great offer and worth the shot. I would do it every time too! J
Scot
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From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of Queen of Comps
Sent: Monday, April 30, 2012 11:39 AM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] loss rebate
I'm in full agreement. As a part-time AP who is still in the process of growing a bankroll, these promotions have been a godsend. I do not use personal results to measure the value of a play, but the impact these programs have had on my game is huge, and it goes beyond the money. I'll be the first to admit I've gotten fairly lucky, but I've doubled my bankroll on loss rebates in the last 9 months.
So what has that afforded me? Obviously, I can play at higher stakes now, which allows me to earn more at a faster clip. But since I am primarily a blackjack player, it bought me something that is irreplaceable: time. It would have taken me hundreds of hours of table play to get to the level I'm now at. Hundreds of hours of exposure to dealers, cocktail servers, floor supervisors, pit bosses, counter catchers, EITS personnel, and others, some of whom want to evaluate me and possibly shut me down. The loss rebate bump has bought me another ~200 hours of play, at a higher earning level. I simply cannot express how significant this is to me.
My 2 cents (no make that my 125 cents)is as follows:
On the positive side/hand, without it, you a) do not get a second chance to win (if you did not win the first time), or b) you do not get a second opportunity to get back some of your losses (if you lose).
Without it, if you lose a hundred or a thousand (equal to an available rebate elsewhere), the game is over -- you lose. With it you get a do over. Think of it like blackjack where if you have a losing hand they let you play another hand for free based on your last bet.
You get two chances to win (not just one chance).
On the other hand, if you are playing a less than breakeven slot or video game, the danger with it is to keep playing after winning a reasonable amount and then stupidly lose it all back (because of the "safety net" of the rebate in effect) when you otherwise would have quit while you were ahead.
So personnally I would initally play at higher than normal stakes in hopes of a big win (and then quit), or play at normal stakes and set a modest win goal and if you reach it quit (maybe 1 or 2 times the loss rebate amount). Keep playing until you reach your win goal or reach the max reimbursable loss.
If you do lose the max and get the reimbursement, my goal would be to run the freeplay through and quit once it is through (assuming you are playing a less than breakeven game).
The only way, you would get NO value from the play is if you quit at breakeven before using the rebate. Then you have gained nothing from it.
ST
--- In vpFREE@yahoogroups.com, Dean Nishijima <midorinish@...> wrote:
Although the $100 loss promotion at the Cosmopolitan does require you
lose $100 to take advantage of it, if you end of winning for the day
just go back the next day until you do end up losing $100 for the day.We actually ended up winning one day and weren't going to continue
until we lost $100. We went back the next day and did end up losing
and got the freeplay loaded onto our card.