Terrible's: Not so terrible opportunity, or not?

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Originally posted by: MoneyLA
.... OR are you telling me that you are starting with a $2,000 bankroll?

If you start with a 2,000 bankroll this is what happens:

Day 1. You start with a 2,000 bankroll. Bet 1,000 lose 900 after the 100 rebate.

Day 2. You start with a 1,100 bankroll. If you win 1,000 you would have 2,100 but you would only have a net profit of $100 because you started with 2,000.

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Originally posted by: MoneyLA
Why would they yank this? they are only giving the 10% rebate on losses -- not on wins. the casino has nothing to lose and 90% to gain. all they are doing is cutting their profit margin by 10%.

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Originally posted by: MoneyLA

a rebate of 100 dollars on a thousand dollar loss does not increase any player's edge. what kind of creative finance is this?

a rebate of 100 dollars on a thousand dollar loss decreases the house's profit margin.

yikes. are we talking about "silly math" here guys? are you trying to tell me that losing makes you a bigger winner?

edited to add: if a casino were to give a "bonus" on top of a win (such as what happens in a progressive jackpot in video poker) THAT would increase the player's edge. but no amount of rebate, unless it is more than 100% of the loss, would increase a player's edge or advantage.

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