Pre-purchase casino credits

[Thorben-Hendrik]

4 minutes ago, Drunken Crab said:

Oh I got it. Can’t fix stupid. 

Correct!👍

“Never argue with an idiot. They will only bring you down to their level and beat you with experience.”
― George Carlin

 

Edited December 5, 2018 by Thorben-Hendrik

[Drunken Crab]

4 minutes ago, Thorben-Hendrik said:

Correct!👍

“Never argue with an idiot. They will only bring you down to their level and beat you with experience.”
― George Carlin

 

I bet you split 10’s too. 😃

[Thorben-Hendrik]

5 minutes ago, Drunken Crab said:

I bet you split 10’s too. 😃

Sure and double down a 12 against a deuce!🤠

 

 

I stopped playing at Casino Royal!👍

Too many cards falling down....

Apart from that - there is only one casino left - we still like to go to....

 

Edited December 5, 2018 by Thorben-Hendrik

[Drunken Crab]

Thorben- drinks on me if our paths cross in the casino. Apparently, youll be able to find me, I’m the one arguing with everyone!

[Thorben-Hendrik]

7 minutes ago, Drunken Crab said:

Thorben- drinks on me if our paths cross in the casino. Apparently, youll be able to find me, I’m the one arguing with everyone!

All good drunken crap

We sure still can have have a drink!🥂

I will buy YOU one longdrink between 5-8 pm!😇

I just love to study cheerleaders!😋

Edited December 5, 2018 by Thorben-Hendrik

[DrJAV]

48 minutes ago, Thorben-Hendrik said:

Now I really give up - you are just not getting it!

 

 

Lol

 

53 minutes ago, Drunken Crab said:

Haha!  Gotcha!

 

Not defending them at all. Just wondering why you are obsessed with “play through” when it clearly says they cant be redeemed for cash. When I asked for a definition of played through you say it’s not accessable (must be located on the top of a mountain) but all my vegas buddies know what it means. maybe they can testify as expert witnesses!

 

We all understand that the discrepancy in the wording of "play through" is weird/wrong and it is what it is and there's no recourse anybody can take to change it.

 

What I think Thorben-Hendrik keeps arguing with you about is that you keep bringing up the "not redeemable for cash" thing. This has literally ZERO to do with anything that we're talking about lol. Not a single person in this thread is trying/wanting to exchange their promo chips for cash but for some reason you keep citing this point to back up your statements.

 

From your posts I can tell that you ARE indeed correct in knowing what will happen to the promo chips when they are played in the RS casino. But the fact that you keep citing this bogus argument that literally does not apply in any sense to the conversation at hand tells me that you do not actually understand the debate taking place and hence why Thorben-Hendrik among others keep trying to explain it to you.

 

The "not redeemable for cash" clause in the T&C is there to ensure that people dont buy $2000 in promo chips, return them directly to the cashier for $2000 cash refund, and then keep the Bonus promo chips and scratch card for free. This entire thread is about the fact that if you gamble and win using a promo chip, you are paid your winnings partly in normal chips, and part in getting your promo chip back. Nobody likes this particular rule BECAUSE the promo chips are "not redeemable for cash" meaning that you are forced to continue gambling. People are upset with this because every other casino in the world where you gamble with a promo chip and win you paid your winning in a normal chip, and you get your initial bet returned but they give you a regular chip instead of your promo chip... thus you are not forced to continue gambling.  Simply stating "the promo chips are not redeemable for cash" does not rectify the situation nor clarify the topic being discussed.

 

Lol

 

 

 

 

[Thorben-Hendrik]

3 minutes ago, DrJAV said:

 

 

Lol

 

 

We all understand that the discrepancy in the wording of "play through" is weird/wrong and it is what it is and there's no recourse anybody can take to change it.

 

What I think Thorben-Hendrik keeps arguing with you about is that you keep bringing up the "not redeemable for cash" thing. This has literally ZERO to do with anything that we're talking about lol. Not a single person in this thread is trying/wanting to exchange their promo chips for cash but for some reason you keep citing this point to back up your statements.

 

From your posts I can tell that you ARE indeed correct in knowing what will happen to the promo chips when they are played in the RS casino. But the fact that you keep citing this bogus argument that literally does not apply in any sense to the conversation at hand tells me that you do not actually understand the debate taking place and hence why Thorben-Hendrik among others keep trying to explain it to you.

 

The "not redeemable for cash" clause in the T&C is there to ensure that people dont buy $2000 in promo chips, return them directly to the cashier for $2000 cash refund, and then keep the Bonus promo chips and scratch card for free. This entire thread is about the fact that if you gamble and win using a promo chip, you are paid your winnings partly in normal chips, and part in getting your promo chip back. Nobody likes this particular rule BECAUSE the promo chips are "not redeemable for cash" meaning that you are forced to continue gambling. People are upset with this because every other casino in the world where you gamble with a promo chip and win you paid your winning in a normal chip, and you get your initial bet returned but they give you a regular chip instead of your promo chip... thus you are not forced to continue gambling.  Simply stating "the promo chips are not redeemable for cash" does not rectify the situation nor clarify the topic being discussed.

 

Lol

 

 

 

 

YES! Thank you!😘

 

Lets all have a 🍻on the backroom Royal!

Edited December 6, 2018 by Thorben-Hendrik

[Drunken Crab]

Fair enough!  To be honest I’ve never played with a promo chip, so didnt know the goings on in every casino in the world.  So, i looked at the T&C and interpreted as a legal document and understood that not redeemable for cash meant you can’t cash the chip in at any time. At the table or casino cage. My take.

 

But like Thorn said the T&C isnt there to protect you and if everyone else is doing it isnt an arguement that would hold up in court.  You can even get a straight answer out of employees at RCI, so maybe played through isnt a well known term as you think it is. Legally, can’t be exchanged for cash is pretty clear so what played through means doesnt matter. 

 

Where they really went wrong is calling the chips Promo Chips. We are comparing apple to oranges to other casino promo chips- you arent buying those.  So, chances are they arent being played the same way, again this can be confirmed by noone that should know, knows what’s going on!

 

 

[Thorben-Hendrik]

8 minutes ago, Drunken Crab said:

Fair enough!  To be honest I’ve never played with a promo chip, so didnt know the goings on in every casino in the world.

I played in about 100 casinos from Vegas to Monte Carlo to Malaysia....many many have promo chips when you join their playerclub or such.....

Pay 40 get 50 ( or the like) is a VERY common "welcome package!"

Sure glad we are backroom Royal buddys now!🥂

Edited December 6, 2018 by Thorben-Hendrik

[Drunken Crab]

I just reread your reply. where you say if you bet a chip and should get a real chip for a win and they replace the promo chip with a real chip, too.  I get that, but someone said they don’t replace the promo chip with a real chip and you still play it. That conversion, to me, would be a redemption for cash and I understood the TC. 

 

Like I said, not really dealing with a promo, free from the casino chip.  You paid for it. Maybe thats why the terms are a little more pro-casino. 

[Thorben-Hendrik]

So FREE is less pro-casino than payed for!😱

Well sorry to say.....but really they are being totally unfair and not many casinos around the world seem to be as unfair!

But fine with me....they can drop all the cards in their backroom they want....I will only use the backroom Royal when it is to my advantage - for sure!

They are NOT a casino they are a joint!🤑

Edited December 6, 2018 by Thorben-Hendrik

[Drunken Crab]

Again, it’s not a free chip. You aren’t double off a free bet, your just betting chips you can’t cash in.  Obviously younare going to lose hands, you just need to lose enough to cover the promo chips. hard to calculate!. But, thats the risk you take for the dangled free chips.  

Edited December 6, 2018 by Drunken Crab

[PhoenixCruiser]

Some of you are really over thinking this.  We purchased $500 chips each last week.   We went to the cashier and was given 5 $100 promotional chips, a twenty five dollar regular chip and a scratcher each.

 

 

 

[Thorben-Hendrik]

2 minutes ago, PhoenixCruiser said:

Some of you are really over thinking this.  We purchased $500 chips each last week.   We went to the cashier and was given 5 $100 promotional chips, a twenty five dollar regular chip and a scratcher each.

 

 

 

Missing the point again.....!

[PhoenixCruiser]

My post wasn't even meant for you, first clue - I didn't quote any of your negativity.

[dreadpirate3]

I was interested in buying the $200 slot credit with a $20 promo, but it disappeared. The only ones available for Adventure 1/19 sailing are the $500, $1000, and $2000 amounts. 

 

There is a reason I have an inflammatory poster on block, and you have all learned why.

[Regguy]

5 hours ago, 0mzzz said:

I'm sure they did do the math.  They also did the math on the psychology of it too, though.  For the player that buys the promo and plays a disciplined player advantage style many others will buy the promo and will not (playing extra bets with higher house advantage, etc or continuing to play after the disciplined style would call for you to stop).   A few players will not even consume all their promo chips.

 

Assume you are an average player that wins at roughly average probabilities and you play pass on craps.  We'll simplify it further and say you win 49 out of 100 pass line bets resolved.  To further de-risk the calculation I'll truncate remainders instead of rounding.  You're doing $10 bets so your $2000 buy in gets you 220 $10 bets.

 

First round: 220 bets x 0.49.  107 promo chips and 107 cashable chips remain.

Second round: 107 x 0.49. 52 promo chips and 159 (107 +52) cashable chips remain

Third round: 52 x 0.49. 25 promo chips and 184 cashable chips remain

Fourth round: 25 x 0.49. 12 promo chips and 196 cashable chips remain

Fifth round: 12 x 0.49.  5 promo chips and 201 cashable chips remain

Sixth round 5 x 0.49. 2 promo chips and 203 cashable chips remain

Seventh round:  0 promo chips and 203 cashable chips remain.

 

At this point casino really hopes you keep playing, but you're out of promo chips and know to stop.

 

By not carrying the decimals this calculation under-estimates the player advantage, but even so we still show that the player has 203 cashable $10 chips for a $2,000 buy in.  Ideally player will be playing the craps odds bet along the way and should expect to convert the 220 promo chips to something like 207-215 cashable chips.  It would also be less risky to do it on a $5 table if you have the option, but then that's twice as many promo chips to keep up with.

 

Some will win big.  Some will have bad luck and still lose even with the player advantage.  Most should expect to turn a small profit.

 

 

This is really excellent.  

 

Here’s the question I have but I really don’t have the math or stats skills to figure it out.  I am not much of a gambler but if presented with an opportunity where it is more probable than not that I would profit and I can afford the loss I would probably take it if the time investment and opportunity costs were not excessive.  Like if you offered me a flip of a fair coin for a $55 win and a $50 loss, I would say yes.  In short, I value a 50 percent chance at winning $100 as worth $50.  But that doesn’t mean I would value a 1 percent chance to win one billion dollars at $10 million because I do not have $10 million to lose and a 99 percent chance of doing so is not acceptable to me.

 

So, I’m trying to figure out where on the spectrum this would fall for me.  Let’s suppose I am willing to make the same bet over and over without variation at the table minimum.  I will bet only bank at baccarat.  I will bet until my last free play chip is lost but no more.

 

Let’s also imagine that I am working toward spending bonuses on credit cards and so I am always looking for ways to spend on the cards for rewards.  Let’s say I am working toward a bonus on one card at the moment where my effective return is 4 percent.  So, to spend $2,000 on this card would give me $80 in effective good-as-cash benefits.

 

in short, every dollar I walk out of the casino with above $1920 is a win and every dollar below is a loss.  My question is if I play my $2,200 in chips in the manner described what is the percent chance I will be < $1920 and what is the chance I will be > $1920?

 

I realize the answer depends on the table limits and the lower the limits the better my chances so I guess the first bit of info I need is the table minimum for baccarat.  But assuming, say $25, does anyone have the math skills to explain to me how to answer this question?

Edited December 6, 2018 by Regguy

[0mzzz]

4 minutes ago, Regguy said:

 

Here’s the question I have but I really don’t have the math or stats skills to figure it out.  I am not much of a gambler but if presented with an opportunity where it is more probable than not that I would profit and I can afford the loss I would p

i realize the answer depends on the table limits and the lower the limits the better my chances so I guess the first bit of info I need is the table minimum for baccarat.  But assuming, say $25, does anyone have the math skills to explain to me how to answer this question?

 

There are ways to quantify the expected distribution.  One I am familiar with is akin to using random number generators with very many trials.  Each trial would start with the $2200 and play only the 'promo' chips until out.  You end up with a bell curve type probability distribution the peak of which can be more simply estimated with the type of analysis I was referring to earlier.  The more bets you can spread the amount over the more likely of being at the top of the bell curve (small profit for this case) vs out on the edges (winning big or losing).

 

 

[Regguy]

6 minutes ago, 0mzzz said:

 

There are ways to quantify the expected distribution.  One I am familiar with is akin to using random number generators with very many trials.  Each trial would start with the $2200 and play only the 'promo' chips until out.  You end up with a bell curve type probability distribution the peak of which can be more simply estimated with the type of analysis I was referring to earlier.  The more bets you can spread the amount over the more likely of being at the top of the bell curve (small profit for this case) vs out on the edges (winning big or losing).

 

 

 

I guess another way to ask the question would be to try to figure out what point on the distribution curve is equally likely to walking out with $1920 (my break even).  Assuming the peak of the curve on a 1 percent house edge game starting out with $2200 is around $2060 (as you have shown) I would expect that a result of $1920 is probably about as likely as a result of $2200.  That seems worth doing for someone with the discipline.

 

One other bit of important information is how commissions are paid on baccarat on RCI ships on bank wins and whether they can be taken down with promo chips.

[Thorben-Hendrik]

37 minutes ago, Regguy said:

table minimum for baccarat.

There is no baccarat on US or Europe based cruises.

[Regguy]

9 minutes ago, Thorben-Hendrik said:

There is no baccarat on US or Europe based cruises.

 

That makes things easy then.  Craps would take too long and I don’t care much for blackjack.

[Wolffie89]

6 hours ago, Regguy said:

 

That makes things easy then.  Craps would take too long and I don’t care much for blackjack.

They had bacaccarat on the harmony in the high roller section

[clean1owner]

21 hours ago, MSPGuy said:

On Allure now. I purchased the slot credit. Like someone mentioned, you download credit from the card to the machine. Once you do that, you have to play that amount. You can cash out your winnings at any time, but the promo amount stays with the machine until you play through it. Example: downloaded $50 to the machine. First $3 spin won $40. Cashed out the $40 winnings. $47 promo left in the machine I had to play.

 

I was not earning points on any of the pre-purchased credit, since the machine treats it as promo credit. However, after a visit to the casino host, she manually added the points to my account at the 1 point per $5 purchased rate.

 

 

So they stole $3 from you. 

 

Had you put two $20's and a $10 in the slot, after that first spin you would have $90 of real credit (your $50 buy + $40 win). Take out the $40 win, and you still have your original $50 buy in.

 

But you removed your $40 win and had only $47 credit left. Where did the $3 go?

 

[MSPGuy]

1 hour ago, clean1owner said:

 

 

So they stole $3 from you. 

 

Had you put two $20's and a $10 in the slot, after that first spin you would have $90 of real credit (your $50 buy + $40 win). Take out the $40 win, and you still have your original $50 buy in.

 

But you removed your $40 win and had only $47 credit left. Where did the $3 go?

 

That's not how slots work....

 

The $3 is the price of the spin and is deducted when you push the button. No one stole anything. 

[HBE4]

13 hours ago, PhoenixCruiser said:

Some of you are really over thinking this.  We purchased $500 chips each last week.   We went to the cashier and was given 5 $100 promotional chips, a twenty five dollar regular chip and a scratcher each.

 

 

 

 

Did you win while playing the promo chips? If so, how was the promo chip treated after the win, i.e. did you have to continue to play the promo chip until it was lost or was it replaced by a (I hate to say it) chip that was redeemable for cash?

 

I am having a hard time believing that you have to continue to play until you lose.