Our guest this week is Eric Rosenthal. We talk to Eric about combining advantage gambling with advantageous use of travel options.
podcast
Click to listen – Alt-click to download
Show Notes
[00:00] Introduction of Eric Rosenthal, @erosenthal1029, [email protected]
[00:45] TravelZork.com, casino loyalty and travel loyalty education company
[02:45] Eric’s experience with Revel’s $100k loss rebate promotion, mailers, and the benefits of verifiable play
[13:36] Finding partners, managing taxes, and dividing comps from the Revel $100k promotion
[18:25] Parlaying play at Revel into offers from competing properties in Atlantic City
[32:56] Travel hacking, manufactured spending, credit card discussion
[40:40] Tracking loyalty and credit card points, Award Wallet app
[43:54] Nothing lasts forever in AP or churning
[45:34] Creating extra video poker “theoretical.”
[49:48] What has happened to Eric’s team since the Revel promotion?
[52:42] How is Las Vegas for comps?
[54:05] Creating extra table games “theoretical.”
Max Rubin’s Comp City https://amzn.to/2PJt2mC
Award Wallet https://awardwallet.com/blog/
Urcomped https://urcomped.com/
Travelzork https://travelzork.com/
Twitter @erosenthal1029
Email [email protected]
podcast Vegas Confessions https://www.vegasconfessionspod.com/
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The greatest unchallenged math mistake in the history of the show was when the guest said they had five people for the loss rebate so they knew it was best to put all the action on one card.
Hi Jason-Explain please
[…] Gambling With an Edge is a podcast about Advantage Play(ers) generally restricted to casino settings. The co-hosts Bob Dancer and Richard Munchkin have dominated this niche market for years, providing education and entertainment to professional gamblers, and aspiring players alike. Neither “Comp Harvesting” or “Advantage Travel” might have been enough to pique the interest of these gentlemen but the combination of the two created interest and the actual conversation created enough demand for a follow up, second interview. These discussions are the quintessential example of our goals at TravelZork. We combine the best of casino loyalty and comp maximization with the best practices of and use of travel loyalty programs. Even the most respected professionals on one side of the equation can learn about and benefit from the other. GWAE with Eric Rosenthal, Have a listen! GWAE, September 6th. […]
I thought that too at first. Five 100% loss rebates on $20K is certainly better mathematically than one 100% loss rebate on $100K BUT collecting the rebate involved 20 trips to the casino, which wasn’t convenient for everyone in his group.
That was a crazy promotion.. I was told my business wasn’t welcome while playing $100 slots (the only machine I played the entire time – no vp). I’m not sure how his group avoided that with such obvious team play.
Overall, great episode.
Hi. This is a Question for Anthony Curtis or someone in the know at Huntington Press. Any new sports betting books coming out in the future?
We have 10 sports betting books in development. The first release will be Then One Day — a memoir by South Point sports book director Chris Andrews — in about two months. It’s a memoir with lots of stories that provide a good look at sports betting from the bookie’s side. It will also impart an understanding of the language of sports betting. After that, the books will come out quickly beginning in 2019. Most will cover different facets of betting strategy.
Thanks Anthony. Chris’s book sounds really interesting
Something off about this guy. A rookie when Revel closed but an expert now? Saying a bunch of terms you read dont make you pro.
Combining all play onto one card is an excusable rookie move but now he still thinks it was correct? Sounds like a fine person speaking outside his experience.
Sulli,
Consider that for any loss rebate strategy for one person, you can replicate that strategy with five people but with possibly better results.
Say for example the best strategy is to play 100 dollar slots until the one person is either +100k or goes bust. With five people playing the rebate, you could constrict yourself to the same strategy. The first person could go and either lose his 20k or run up a 100k profit. The second person goes and either loses 20k or runs up a 120k profit to be up 100k total. In the case where the team just loses 100k straight, this has the same result as a one person loss rebate.
But wait, what happens if the first two people lose and the third person runs it up for 100k total profit. The team makes 100k up front, gets 40k back from the first two people, and still has two people left to complete the rebate. This shows that even constricitng yourself to the same game plan as the one person strategy, the multi person strategy always does at least as good and sometimes dramatically better.
But wait, with the multi-person strategy it may be optimal to set a win target for the individual at 20k or 30k per person, giving dramatically higher ev. You will frequently have some people in the group win and others lose, still getting a substantial refund back.
But more than just the loss rebate, the extra discretionary freeplay would have been just as good but now multiplied by five. To lose 20k the average amount of coin in would be something like 200-400k coin in which would cap out the mail. So if losing 100k for one person got 20k total extra mail, five people would have likely got 20k x 5 for 100k in extra freeplay.
This guy, Eric Rosenthal, is talking out of his ass. He does the same on his podcast, where he claims he’s an “expert” but has never been employed by any casino or asked to consult for one. He’s just a guy that likes to gamble a ton.