Best Theo Return on Promo Chips

Your understanding sounds correct to my ears Dan.

I applaud your restraint in Asking this ? before playing.

Don't think I'd count on QofDay either. At least not in a timely fashion.

Anxious to hear HOW you end up playing this.

You and a friend could play some BJ at tables near to each other and the friend could signal you when the count gets good at his table and then you could join his/her table and start firing away as you woud have the edge in the game. If the count drops down, then you could take a break and repeat this again at some other time ...

I will volunteer to take this chips off your hands and use my Rizzo "sure fire" craps strategy. I am a pretty good craps player.

So I am guessing that there is no breaking down of these chips huh? You have to play the 500 or nothing right?

Really though.,....If these chips were in my hands, I would find the nearest PAI GOW table and play them all off.

This game features a ton of pushes, and a lot of winners...the game is really low house edge, and its fun.

If you don't know how to play the game...come see me...I can show you how to play right.

--Rizzo

I know that this will sound funny but I don't want to gamble with these chips. If they were smaller denom of $100/ea. I would just flat bet BJ playing basic strategy. At $500 a copy, it's too volatile for me.

yoteflonlva, I was thinking along a similar line if I was forced to play these without covering the other side of the bet. I was going to sit on a quiet $5 min game and flat bet until the count got positive and then flat bet the $500 promo chips until it turned. Repeat until all the promo chips washed. It's a 100:1 bet spread. Wonder if you can get 86'ed for counting when playing promo chips? LOL I don't think it's going to play out this way.

Rizzo, I appreciate the offer but on this one, I'm going super conservative....highest mathematical return with ZERO risk.

Gotta start thinking about this again and get these turned into cash.

Dan

I don't know of any way to turn these promo chips into cash without at least some "gamble" being involved. I don't think that you are going to be able to pull off covering the other side of any bet when you're betting $500 per hand.

I don't think that the casino would like you betting a 100:1 spread and that is why I was saying if you had a friend already playing and counting down a nearby game it would look like you just showed up and then you could flat bet the $500 per hand and not raise any suspicion because you are only flat betting ... yet you would be betting with an advantage as the deck would already be into a plus range when you started. I don't know which casino you're doing this at, but I would think that you could find tables with some decent BJ rules at this place where you and a friend could pull this off.

You also might want to send Anthony a pm and see if he has any other ideas for you.

Ok, now I am really interested in this so "please" let us know what you do, and the outcome. A trip report if you will.

Thanks weggie

One thing you could do is try to sell the chips. The casino might make some kind of silly offer, like $7500, which should be immediately rejected. On the open market, assuming the buyer can use them in the same ways you can, someone might pay $14k for them. On the right game, they're worth at least $14,500, so it would be advantageous for both sides - you'd get a guaranteed return, and they'd get a few hundred in EV. My guess is they won't allow you to sell them (unless it's to themselves, at a bad price), but it's something to ask about.

Highest return with ZERO risk!?? On a casino table game!?

Keep dreaming pal. That doesn't exist.

Like I said before...if I had them in MY hand...I would be on the nearest pai Gow table!

The only other suggestion I have is to jump on a bacarat table with a buddy...(assuming these chips are partially transferrable) and one bets on BANKER, while the other bets on PLAYER.

The only draw back is the 10% juice for winning bets on BANKER, and the possibility of a tie coming up

If you cannot transfer some of them to a friend, spouse or relative, then you're pretty much screwed.

The way I see it....You just won 15K in chips that you have to play once...the BJ tourney was probably free, cause I really can't see you paying to get into a BJ tourney...so whatever you make, from these chips, should be icing on the cake.

If you're gonna hold off, from using them until you can find a game with zero risk,..you might as well flush them down the toilet.

Good luck either way.

--Rizzo

Hey Dan,

The nature of the beast is that when a person uses money or a form of money to bet on something, there will be some risk involved if whatever the person is betting on has some kind of attached casino advantage to it.

So in your case, I really don't think that there is any way that you can get around that aspect.

But if you absolutely have to use them (and if they can not be transferred to someone else to use -- either in concert with you or if you are able to somehow sell them -- if the casino allows that), then it's likely that you won't be getting all of its money worth back to you.

And so to better help to figure out what it would be best to play them on, you probably would have to find out (if you end up using them for Blackjack) the answer to the questions that I posed above. I say that because if for example they are only good for even-money bets, if you don't end up getting paid 3 To 2 for a Player Blackjack, or if you are not able to use them to Double Down and/or Split Pairs, then that will definitely increase the casino's advantage over you and therefore give you a reduced chance of ending up with as much of the real money as possible.

And so I encourage you to check out each possible game that you might play and then find out what (if any) kinds of restrictions there might be on the use of these promo chips!

And then after that, check to see what the casino advantage is on each kind of possible bet that you can make on each of the different games that you have the option of playing!

RecVPPlayer

Dan, quit agonizing and go have fun with these chips. Pick a game with a low house edge and go for it. You won these promo chips, remember? What did it cost you to enter this BJ tournament that you won?

You have 30 betting units. In a session that short, it's very possible to go on a roll and make a killing. You are looking for a conservative approach with zero risk. That's not possible. There's always risk.

I agree with Chilcoots idea. One chip at a time on dont pass until the promo chips are gone. If the table is cool or cold, you can easily walk with 20k or more. Take some risk and go have fun.