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Five Hundred Dollars isn’t the same as Five Hundred Dollars

When Shirley and I finished a cruise recently, we scheduled separate flights back home from Orlando because she was planning on visiting a girlfriend there for a few days. Those plans got cancelled for some reason and Shirley was able to get on a flight a couple of hours after mine. Continue reading Five Hundred Dollars isn’t the same as Five Hundred Dollars

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Paying for Drawing Entries

Listeners to Gambling with an Edge may remember a guest named Sammy Katz, who is an advantage video poker from the Midwest. I got an interesting email from him, reading in part: “A local casino I play at in the Midwest is doing their drawing promotions in a new way. You earn 1 entry for every 250 points earned ($4=1 point). However, at certain times, you can BUY entries for all of the drawings that month at a rate of 100 points per entry (including points you have saved up). 200 points are worth $1 in free slot play otherwise. Is this somewhat common now for drawings? I am tempted to figure out whether it would be worth it for me to buy additional entries, but philosophically I am opposed to it, as if everyone did it, it would just be an arms race that only benefited the casino. It seems unfair that the casino is letting one person sell their points for something that costs the casino nothing, but essentially gets its value from devaluating my entries. Any thoughts on what you would do?” Continue reading Paying for Drawing Entries

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Two Advantage Plays on Norwegian Cruise Lines — And an end of a play

Shirley and I just returned from a week-long Caribbean cruise on the Norwegian Sun. The cruise was “free” from the Palms, meaning that we “only” had to pay $521 in port fees and taxes — per person. We’ve taken a large number of cruises to many destinations, and this particular one was the only one that came up on NCL when we Googled “2011 Square Dance Cruise.” It’s a minority priority, to be sure, but it’s ours. Continue reading Two Advantage Plays on Norwegian Cruise Lines — And an end of a play

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Time-Stamping Your Money

Assume you have more than $500 in your wallet. If it’s not true when you’re reading this, it has been true sometime before and you can do a “thought experiment” rather than a physical one. Reach into your wallet and pull out a $100 bill. Can you tell me when and where you got that particular bill? In most cases, the answer will be “no.” Yes we can imagine a scenario where one of the bills we got from the South Point had a ripped corner, and it just so happens that that was the bill you pulled out so you know where you got it, but that’s a pretty rare case. Continue reading Time-Stamping Your Money

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Good Judgment Affected by Losing Streak

Sam’s Town offered a nice low-roller promotion in September that they are extending through October. On Sundays, earning 1,750 points entitles you to $20 in Rebel gas cards. This is a 1.1% add-on to whatever multiplier you are normally entitled to if you play less-than-100% games. It’s a 0.55% add-on if you play their 100% games. One nice plus is that Sunday is one of the days when you can pick up free play — should you be entitled to it for past play. You can play lesser amounts to earn lesser amounts of gas cards, but why would you? Once you’re there, this is a good promotion worth playing to the max. Continue reading Good Judgment Affected by Losing Streak

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A Look at Busting Vega$ by Ben Mezrich

In Munchkin’s and my September 1, 2011 Gambling with an Edge radio shows, guest Andy Bloch (poker player and former MIT Blackjack Team member) mentioned that he was involved in the Monte Carlo arrest described in Ben Mezrich’s book, Busting Vega$. Bloch claimed some of the details in the book were different than what actually happened. Continue reading A Look at Busting Vega$ by Ben Mezrich