Quote
Originally posted by: MoneyLAThe advertising on my forum is not controlled by me. I provide the Forum which is serviced by an independent forum company. The traffic means nothing to me and has no impact on my website's traffic.
However, you did neglect to mention that much of your sites advertising is through the Google Ad-Sense program, for which you (or perhaps your "webmaster") IS receiving some revenue.
Quote
fedomalley's numbers were wrong. His information taken from VPfree are not correct. He excluded the extra comps available at high limits which could have been converted to anything including gas charge cards (Shell or Arco), store charge cards (Macys for example), or even to more additional free play.
Using his numbers he estimates a monthly loss of about $4,000 and suggests one would have to hit at least one of the $50,000 monthly drawings to score a profit. Really, is that all? Do you think a high roller is going to hit only one of those monthly drawings?
It only takes ONE entry to win a drawing. So your hypothetical high roller, even with a monstrous amount of entries, is not guaranteed to win any drawings, much less the one of 12 that MAY allow that high roller to break even.
Quote
To further increase the chances of scoring big in this promotion, a player would concentrate all play on Tuesdays for triple entries, and show up for the drawing dates.
Teams from Reno and Vegas have come to Rincon for less.
So travel to Rincon for Tuesdays, than again for Saturday night drawings?
Quote
I brought this here because Bob Dancer has written about various promotions where he has paid in multiples of the cost of a car to win a car, and recently played a slot promotion where he thought the house edge was 4%. (At Rincon the edge is less than one-half percent and could be even smaller based on additional comps, free play and incentives that a high roller would get.) Here is a quote from Dancer's column about that slot promotion:
"At 4%, I was expecting to lose about $4,500. Instead I lost at a 14.28% rate."
I would think Dancer would be salivating at what Rincon is presenting. And I was hoping he would comment.
One thing about Dancer, he does not "advertise" opportunities. He knows the value of keeping quiet about good plays until after they are done. So IF he were to comment, it would be negative.
Quote
fed... the comment about certain high limit slot machines needing $50 coin-in per point is ridiculous. I don't know where that ever came from, but it goes against the published rules of Total Rewards as well as the rules at Rincon.
In 2012 my personal tier score was in excess of 501,000 points. (By the way, I hit eleven royals in 2012.) I just received my free play for January which is $1,560 and actually reflects the cashback/freeplay figures I used in my post. I played a combination of $5 and $2 video poker and I am suggesting to you that a player at the $100 level would get a higher percentage of freeplay than I would get. Over and above the free play I used my additional comps to buy Shell gas cards plus a few gift items. I picked up $1200 in gas cards which also could have been converted to $1200 of free play (same exchange rate). I also picked up about $300 in merchandise, which could have been additional free play.
The way I see it, a high roller would probably break even on the math, and give himself an excellent shot at the $50,000 monthly drawings, the additional monthly free play drawings, plus the million dollar year end drawing ESPECIALLY if they played on Tuesdays when entries are tripled. Tuesdays were picked, of course, because it is the "slowest" day of the week at that casino.
Now, I'm not trying to sell anything here. I'm not trying to sell my forum (heck, it costs me about a hundred bucks a month to license it, with no revenue from it) and I'm not trying to put together a syndicate to finance this play. And if someone can shoot this particular promotion down, well, so be it. It's not my casino, and it's not my money.
Happy new year to everyone. Best of luck in the new year!
P.S. My forum has 514 members, about 415 viewed the thread about the Rincon promotion. Participation rate on my forum is very low, in part because of the continuing ridiculousness between you know who and you know who. LOL
With about 500K tier points, you are most likely considered a "high roller" (but not a whale) by marketing. And if you continue through 2013 at those same numbers, playing Tuesdays for 3x entries, you will also have a large number of entries. And there are many other regulars that will have similar numbers. Absolutely no way to predict that the person with the "most" entries will win.
I once had 88 entries in a barrel drawing. There were a total of 220-240 for the first few drawings, as more people trickled in. Entries had to be dropped day of drawing. Ten names were to be drawn. $1K per winner. At 10 PM, for 10K. It was a stormy, wet, miserable and nasty morning. Hurricane warnings. Hourly drawing for one winner, beginning at 10 am. I had saved my entries for a few weeks for such a day. I also accumulated many from other poker players. I stuffed the barrel. Thought I would be a lock to win at least once. I watched the barrel for a couple hours, actually counting the number of entries going in. I calculated I had a minimum of 30+ percent of the entries. My name was never picked.
I also once had 2 entries in a barrel, against hundreds, perhaps a thousand or more, and won a car.
There's a lesson to be learned from those experiences. ::: shrug :::
IMHO, the "Rincon" promotion Risk vs Reward is much to negligible for one "big" prize, and 11-12 smaller ones.
