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Thread: Lose rebate and indeces

  1. #14
    Random number herder Norm's Avatar
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    There was a good sounding rebate in Australia a dozen years ago. Folks I know that went didn't have good results.

    I do not believe you should change your indices based on the rebates that I've studied.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse

  2. #15


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    Quote Originally Posted by Gramazeka View Post
    Don ?
    This is not an area that I've studied carefully. However, while I think that loss rebates can surely figure into your bankroll requirements, Kelly betting, and ROR calculations, I don't see offhand why they would cause you to play your hands differently from what is traditionally "correct."

    I would be happy to learn more about that and would not be shocked to find out that I could be wrong, but that is my opinion at the moment.

    Don

  3. #16
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    I think the only indices that would make sense to alter are risk averse indices. Higher variance and risk can be your friend depending on the rebate structure, but I never studied it to say anything more than a course of action to research. Like a positive but slightly less EV that has twice the magnitude for individual results might be favorable given the rebate. If you are trying to hit a target win or lose the amount to get the rebate that variance may increase how often you make that target amount with little reduction in EV. I am actually getting a loss rebate at some casinos. I would be interested in any research you do.

  4. #17
    Senior Member Gramazeka's Avatar
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    To begin, let's remember-
    Insurance and bet it is a correlated event or not ? Where are these old topics ?
    "Don't Cast Your Pearls Before Swine" (Jesus)

  5. #18
    Random number herder Norm's Avatar
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    I ran a large number of sims on this for Arnold many years back. Basically, you can dramatically raise bets when substantially behind. But, I don't remember the nuances. Frankly, I don't think there is much you can do to substantially improve results over that provided by the rebate and normal play with a huge spread.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse

  6. #19
    Senior Member Gramazeka's Avatar
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    Tactics used in the normal game and game with the lose rebate- they are completely different.
    Last edited by Gramazeka; 03-05-2019 at 08:04 AM.
    "Don't Cast Your Pearls Before Swine" (Jesus)

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