Any Experience with M Resort $500 Loss Rebate?

[redietz]

That is beautiful! Well done.

[FABismonte]

We were excited by the success of that gambit, so we decided to sign up Wife for that card as well.

For some reason, she did not want to play the same machine and popped in $300 in a $5 denomination Pin Baller slot game which required $15 per spin (if you wanted to take advantage of the full pin ball feature). She put her card in the machine (BTW, to enjoy the rebate you need to use the card to keep track of any losses so make sure the card is registered in the machine). She had no luck for a time then hit the Pin Ball feature. The result was we now had a total of $480 in the machine. Did we stop with a $180 win? No. Wife was excited to keep playing and I had previously guestimated that given the rebate, I should stop if we had a $250 profit or half the rebate. Unfortunately, there was not another bonus before the all the credits were lost.

Wife then slipped in another $200 in an adjoining machine and soon lost all of that as well. So we were down her full $500.

Wife then went to the Marquee Rewards desk (which doubles as the cashier) and asked her losses. The clerk looked up her "cash in" and her "cash out" (apparently any win on the machine is a "cash out" by his definition even though we did not cash out any tickets ) and the loss was verified.

We had already planned to visit Vegas in another two weeks so we will wait for the email on the free play and try to cash out the free play with the minimum play on video poker. At the very least, we have made a profit because I am sitting on a $660 win and she has lost $500 -- without any free play yet to be used. I will be interested to see if the free play requires wife to personally show up at the desk or whether I can just use her PIN and card to access the free play.

Regards, FAB

[Alan Mendelson]

I will be interested to see if the free play require wife to personally show up at the desk or whether I can just use her PIN and card to access the free play.

Good question. Do they send you a code or do they have you show up at the rewards desk for a voucher?

[FABismonte]

I will be interested to see if the free play require wife to personally show up at the desk or whether I can just use her PIN and card to access the free play.

Good question. Do they send you a code or do they have you show up at the rewards desk for a voucher?

Hi Alan:

I will let the forum know when (if) we get that email.

FAB

[FABismonte]

That is beautiful! Well done.

Thanks Red. I was feeling pretty good after that hit.

[mickeycrimm]

My wife commented that it was too bad they were mixed colors of Sevens as all yellow sevens would have meant twice as much winnings. As it was, the fact that it was two doublers on a mixed seven meant we won $800 on that press (assuming you forget that the spin cost $10). I then pressed the cashout button and came away with a $660 profit. Here is a photo.

And that's how it's done, Alan. If you get a lead on them like Fab did you cash out and forget the loss rebate offer.

[Alan Mendelson]

My wife commented that it was too bad they were mixed colors of Sevens as all yellow sevens would have meant twice as much winnings. As it was, the fact that it was two doublers on a mixed seven meant we won $800 on that press (assuming you forget that the spin cost $10). I then pressed the cashout button and came away with a $660 profit. Here is a photo.

And that's how it's done, Alan. If you get a lead on them like Fab did you cash out and forget the loss rebate offer.

And once again, the loss rebate had nothing to do with the win. The loss rebate only would have softened the blow had both lost.

Now, there's a chance Mrs. Fab might catch up.

[mickeycrimm]

[And once again, the loss rebate had nothing to do with the win. The loss rebate only would have softened the blow had both lost. Now, there's a chance Mrs. Fab might catch up.

Alan, you are one hard headed dude. Soften the blow? That's all it does? You seem to have no problem throwing $500 at video poker and if you lose it all walk away with a $500 loss, but you look forward to cashing out ahead using your stop win. But you look at freeplay like you might "get lucky" and get "some" of your money back. Red Alert! When you play off $500 in freeplay you might cashout more than $500. But the true value of a $500 loss rebate, played off on 9/6 Jacks is $497.72

$500 X 99.5439% = $497.72

Fab, 9/6 Jacks is a pretty good choice for running off the freeplay. I'm putting up a screenshot of the game stats to give you an idea of what you are looking at playing $2 denom. You can see that the HP/2P/3K represent about 70% of the payback. You will be playing just 50 hands so if you don't hit anything higher than this group of hands you will be looking at recouping about $350.

The next group of hands up the payscale are the ST/FL/FH. They represent about 21% of the payback. If you hit a few of those hands you will recoup somewhere above $450.

If you hit a quad or higher you will come up big on the play.

[mickeycrimm]

Now, let's contrast quarter denom to $2 denom. If you run the freeplay off on quarters you will be playing 400 hands. This gives you a much better chance of hitting your average in the ST/FL/FH group. The payback up through the Full House is 91%. So you would be looking at cashing somewhere around $450 if you don't hit any quads. If you hit just one quad you will probably cash very close to the $500. If you hit two quads you will probably cash a little more than $500.

The tradeoff between quarters and $2 denom is with quarters you would have to hit a royal flush to come up big on the play....whereas at $2 denom you would come up big hitting just one quad. But playing $2 denom you would only be playing 50 hands as opposed to 400 hands on quarters.

Fab, it all comes down to how much risk you want to assume.

[mickeycrimm]

And once again, the loss rebate had nothing to do with the win. The loss rebate only would have softened the blow had both lost.

If I could do a $1000 freeplay loss rebate everyday for a year I guarantee you I would make $100,000+. And yes, it would be the loss rebates that caused me to win.

[Alan Mendelson]

And once again, the loss rebate had nothing to do with the win. The loss rebate only would have softened the blow had both lost.

If I could do a $1000 freeplay loss rebate everyday for a year I guarantee you I would make $100,000+. And yes, it would be the loss rebates that caused me to win.

I think you'd go broke and pretty quickly. You still won't recognize that in order to claim rebate money you must lose your own money first. Then you are playing the rebate money at a game that pays less than a 100% return.

You do not add the rebate to the return of the original game.

The original game is played only with your own money.

Then the original game is played again with the rebate money.

Original money X 99.5% = game 1
Rebate money X 99.5% = game 2

Rebate money can't make you win. Only if you hit actual winning hands can you have a profit.

Going back to FAB: he won but a rebate had nothing to do with his win.

MRS. FAB lost with her own money BUT now has a chance to catch up or win with the rebate on the next two trips. But the rebate alone will not make her positive.

Mickey you have been sucked in by casino math which unfortunately doesn't work when you want to get a mortgage to buy a house.

[redietz]

The insurance is the reason Fab played. The insurance was therefore a requirement for Fab's playing, and a necessary component for Fab's winning. Without the insurance, there was no win. The insurance was therefore necessary. It was necessary but not sufficient, therefore it bore some responsibility. One can debate the degree of responsibility, but it definitely was responsible.

[Alan Mendelson]

Are you serious? While the rebate can be viewed as insurance he never collected on the insurance.

If you really want to use the insurance analogy, the premium he paid for the insurance was the edge he faced on the slot machine he played.

Obviously none of you are business people. If you are how do you stay in business with this "casino math" you swear by?

You're all nuts.

[jbjb]

You guys are wasting your time with Alan. He thinks loss rebates are bad but then thinks the ATS bet on craps is good. And he calls us nuts?!?!?!

Remember, he's admitted to working with casino personnel. IOW, he wants you to lose.

[RS__]

I've been doing alright using my "casino math" I swear by. And I know plenty of others who are doing mighty fine using "casino math" to make money. It's actually quite fun and much easier (in some respects) than working the same dead end job many Americans work (not that there's anything wrong with that).

[Alan Mendelson]

You guys are wasting your time with Alan. He thinks loss rebates are bad but then thinks the ATS bet on craps is good. And he calls us nuts?!?!?!

Remember, he's admitted to working with casino personnel. IOW, he wants you to lose.

This is typical of you. Rebates aren't bad just as free play is not bad and comped rooms and comped show tickets are not bad, and free entries into tournaments are not bad. But just as those comps won't make you a winner (they are also rebates) getting money back from the casinos after you lose your own money doesn't make you a winner either. Or do you really believe it does? You've been inhaling too much casino happy gas.

[mickeycrimm]

[MRS. FAB lost with her own money BUT now has a chance to catch up or win with the rebate on the next two trips. But the rebate alone will not make her positive. Mickey you have been sucked in by casino math which unfortunately doesn't work when you want to get a mortgage to buy a house.

Alan, you have been sucked in by your reading comprehension and very bad casino math. They already won. They had $1000 of loss rebate to work with. Fab hit for a $660 profit and forfeited his $500 loss rebate. Even if she lost every hand on the freeplay, which she won't, they still make a $160 profit. She'll win at least $300 off the freeplay and probably a lot more.

They will probably net at least a $500 win on the play. But those loss rebate promos sure suck, wink wink, don't they, Alan.

[Alan Mendelson]

[MRS. FAB lost with her own money BUT now has a chance to catch up or win with the rebate on the next two trips. But the rebate alone will not make her positive. Mickey you have been sucked in by casino math which unfortunately doesn't work when you want to get a mortgage to buy a house.

Alan, you have been sucked in by your reading comprehension and very bad casino math. They already won. They had $1000 of loss rebate to work with. Fab hit for a $660 profit and forfeited his $500 loss rebate. Even if she lost every hand on the freeplay, which she won't, they still make a $160 profit. She'll win at least $300 off the freeplay and probably a lot more.

They will probably net at least a $500 win on the play. But those loss rebate promos sure suck, wink wink, don't they, Alan.

Yes you boob. They won. But they won because Fab hit a winner that was more than the actual cash that Mrs Fab lost.

But... Mrs Fab still has a chance to use the loss rebate later to win back some of the money she lost and maybe more.

Do you understand yet, mr boob -- that the fucking loss rebate has not made them a winner yet?????

Are you really this fucking thick?

[FABismonte]

Hi Alan:

I respect you, including your right to defend your point of view, but you really shouldn't stoop to profanity on your former board. That's not you.

[Alan Mendelson]

Fab there comes a time when even this mild mannered reporter for a great metropolitan media conglomerate loses his cool over the stupidity some people express.

Suppose we substituted the loss rebate as meal tickets instead of slot machine vouchers?