vpFREE2 Forums

This is good marketing?

#1

I received an offer from the Wynn yesterday.

A slot tournament, three free nights, blah blah blah, all for "only"
a $5000 entry fee.

I normally would have stopped reading at that point. If I had, I
would have missed my most interesting email of the day:

"With a guarantee of $1000 FreeCredit and a 1-in-3 chance of winning
your entry fee back, there's lots of reasons to celebrate."

An opportunity to download a credit card authorization form follows.

I examine the prize structure:

1st place to 68th place: Various prizes ending at $5000

69th to 114th place: $2500 in FreeCredit

All others: $1000 in FreeCredit

It's the "all others" that I found intriguing. The casino goes to the
trouble of specifically assigning the "juiciest" winning
prizes...except they then don't specify who or how many
are at the bottom. A 1-in-3 chance of the $5000 suggest around 200
entrants. But the Wynn marketing people really don't specify that. In
fact, the "small print" vaguely states the following: "Prizes awarded
and odds will vary based on actual number of participants".

I know players like Bob Dancer could run the math and determine if
the offer were acceptable. My question to you is: how uneasy do
you feel with offers like these? In all honesty, it would take a lot
for me to plunk down 5 G's up front no matter what they offered.

#2

It doesn't take that much math to figure this one out. Take prize
pool/number of entrants, and your EV is approx that number minus
(5000+600, the negative ER on a 200K coin in play).

High end buy-in slot tourneys are very popular in Vegas it gives the
high rollers an opportunity to hit a real home run, which true
gamblers live for.

The only problem is these days, it's tough to fill out fields for
these events. There are two similar events I'm aware of, one which
went off with 80% of the planned field, and another one which may not
go off at all.

ยทยทยท

--- In vpFREE@yahoogroups.com, "mikeymic" <mikeymic@...> wrote:

I received an offer from the Wynn yesterday.

A slot tournament, three free nights, blah blah blah, all for "only"
a $5000 entry fee.

I normally would have stopped reading at that point. If I had, I
would have missed my most interesting email of the day:

"With a guarantee of $1000 FreeCredit and a 1-in-3 chance of winning
your entry fee back, there's lots of reasons to celebrate."

An opportunity to download a credit card authorization form follows.

I examine the prize structure:

1st place to 68th place: Various prizes ending at $5000

69th to 114th place: $2500 in FreeCredit

All others: $1000 in FreeCredit

It's the "all others" that I found intriguing. The casino goes to the
trouble of specifically assigning the "juiciest" winning
prizes...except they then don't specify who or how many
are at the bottom. A 1-in-3 chance of the $5000 suggest around 200
entrants. But the Wynn marketing people really don't specify that. In
fact, the "small print" vaguely states the following: "Prizes awarded
and odds will vary based on actual number of participants".

I know players like Bob Dancer could run the math and determine if
the offer were acceptable. My question to you is: how uneasy do
you feel with offers like these? In all honesty, it would take a lot
for me to plunk down 5 G's up front no matter what they offered.