Is Revel casino's loss rebate for slot play a Joke??

[seriousplayer]

I heard that revel casino is offering loss rebate for play slots to win back their customers. This offer occurs to me as a joke since the slot rebate they offer you are not able to cash out. In other words they won't give you cash back. For that being said it is false public announcement in the newspaper. Therefore, it is not a slot rebate. The Revel casino's slot rebate is a piece of trickery that is manipulated to achieve a result dishonestly. Does anyone see thing profitable about this offer?

[Nyne]

I'd be extremely cautious. Elsewhere on the internet there are claims of players losing 5 figures, then being told that their player's card is being revoked and the rebate will not be honored. We don't have all the facts, but it doesn't look good. Maybe someone who is there can give you better info, but at this point I'm definitely not going to be playing it.

[seriousplayer]

They tried to hurt the games enough to make it unworthy of the huge players. It is a good opportunity for low level players that can easily visit to play the rebated free slot play. Apparently it will be available in small pieces over time. If you can hit the adjacent days you can cut the trips in half by redeeming 2 rebate periods in an overnight trip. If you make all the rebate periods it is approximately a 95% rebate if you lose. The idea is to win either on your initial play or while plating through your rebate.

For what I understand the rebate will not be offer in a form of cash. The rebate will be on your card. Is that correct?

[bigplayer]

it's for real, but Revel is indeed watching for people who are not playing this on the up and up. Several things come to mind not the least of which the 10 trips back to Atlantic City you'll have to make to redeem 20 coupons, and the casino having up to $100K of your bankroll tied up. If you happen to get lucky early on and hit a $5 Royal Flush I'd just consider myself lucky and go home.

[RS]

If you happen to get lucky early on and hit a $5 Royal Flush I'd just consider myself lucky and go home.

Isn't that the plan? Either hit a jackpot during the initial $100K play (during July). If it all goes down the drain, go for a jackpot in the following 20 weeks while receiving your 5% back. If you group up and play on multiple cards, you're playing at quite a nice advantage, since the player can stop and change cards if/when he hits a jackpot or a sizable win on one card.

[ZenMaster_Flash]

Only low stakes V.P. ($5) and 8/5 JOB, etc. is all that you will find.

[mcallister3200]

Isn't that the plan? Either hit a jackpot during the initial $100K play (during July). If it all goes down the drain, go for a jackpot in the following 20 weeks while receiving your 5% back. If you group up and play on multiple cards, you're playing at quite a nice advantage, since the player can stop and change cards if/when he hits a jackpot or a sizable win on one card.

Switching cards would almost surely get you disqualified. According to the wizards forum, about 40 people have already had the hammer dropped on them. Not playing by the rules is pretty unintelligent with a significant amount of money at stake. I'd you lost before you hit your target, you would just play the amount of free play through, not necessarily go for a jackpot. Wizard had the ev at something around 30k, before they had taken out the good machines. Realistic target should be considerably less when adjusted for the risk of the Revel reneging. For what it's worth, bob dancer and munch had made a small bet, bob said they would honor the rebate for players who played by the rules without significant adjustments, not including downgraded paytables which they expected. Dancer has already publicly conceded the bet via a vpfree forum post. Probably worth a shot for mid to high stakes players in the area but probably not worth risking the full rebate or to be taken at face value.

[mcallister3200]

Grouping up also does nothing to change the advantage on a percentage or dollar per player basis. It would only serve to decrease your volatility while bringing in the additional risk of individual members of the group being dishonest about their results.

[21forme]

What are people doing to get tossed from the promo? Using multiple cards?

[seriousplayer]

What are people doing to get tossed from the promo? Using multiple cards?

Why will they tossed people off the promo using multiple cards? The casino is offering the promotion knowing that those people will lose all their money in the long run. By using multiple cards the casino could put more of their money on hold making it good for the casino.

[RS]

Using multiple cards would be advantageous for the player. I'm not a huge number expert, especially when it comes to slots, but think of this scenario. You have $100,000 and you have 10 players cards. You play through card #1 and lose $10K. Play through card #2 and lose another $10K. Same for #3, 4...etc up to #9. On card #10, you hit a jackpot for $15,000. Had you played on a single card, you would currently have a $75,000 loss. So, what's better? A $90,000 loss that is rebatable plus $25,000 cash (with 10 cards)? Or a $75,000 that is rebatable and $25,000 cash (with 1 card)? By using multiple cards you can get more of your losses rebated, while being able to "quit while ahead" after hitting even small jackpots.

[mcallister3200]

If and only if they lose is the money on hold. If dancer is conceding the bet within four days of the promotion starting, there has to be more than players violating rules I.e. using multiple cards being tossed since that was not a part of the wager.

[mcallister3200]

Using multiple cards would be advantageous for the player. I'm not a huge number expert, especially when it comes to slots, but think of this scenario. You have $100,000 and you have 10 players cards. You play through card #1 and lose $10K. Play through card #2 and lose another $10K. Same for #3, 4...etc up to #9. On card #10, you hit a jackpot for $15,000. Had you played on a single card, you would currently have a $75,000 loss. So, what's better? A $90,000 loss that is rebatable plus $25,000 cash (with 10 cards)? Or a $75,000 that is rebatable and $25,000 cash (with 1 card)? By using multiple cards you can get more of your losses rebated, while being able to "quit while ahead" after hitting even small jackpots.

How is a 15000 dollar jackpot turn into 25000. Your example also just stated that your decreasing volatility and nothing more. Regardless of that the point is you would be violating the rules of the promo, and if your talking about 10 different legitimate players pooling together, pretty good chance someone will under report a win significantly above whatever threshold you have set to be just above the threshold, or if they lose under reporting the amount they got back running through their free play. To all play machines close to each other to avoid that would increase your chance of getting busted abusing the promo.