Re: 10% refund question
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Yoshi,
When I play craps or blackjack in a Vegas Casino I get back 40% of my projected losses in comps. Yet that doesn't make the casino table games +EV. So to answer your question as to where the percentage lays I know it must be greater than 40%. Right? Keep in mind I get that whether I win or lose.
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Hi Jimbo, sure, if you play enough then 40% rebate will still be -EV. I'm just saying that how much rebate you need to make it a breakeven game depends on how many hands you plan to play there during each rebate period. If you play infinite hands per rebate period, the rebate you need approaches 100%. If you play one hand per rebate period, the % rebate you need should be pretty low, definitely lower than 10%, as some people have calculated above.
So for your situation, (I am guessing that) the casino will make sure you play too many hands for 40% rebate to make you +EV. A player that plays a couple hands a month is surely not going to get the same rebate a regular player like yourself would.
So to summarize, my only real point is that if you play below a certain number of hands per rebate period at 10% rebate, you will be a +EV player. I hope we can all agree on that.
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