100X Odds - Gimmick or Benefit?

[London Shooter]

Also complicated by comparison with buy bets depending on which market you are in.

You’d probably have to do a new set of press moves too

[heavy]

Another thing to consider...the casino does not rate your free odds bet.

[London Shooter]

Are you playing to win or playing for comps?

Yes, of course I am being facetious, but that is another point to add into the put bet mix.

[mainframe]

Some people do play for comps. I don’t know who or where, but some people just have disposable income that they want to play around with and gamble, enjoy the experience, and maybe get some free rooms and meals in the process. These people I am referring to are the true “recreational gamblers”

if anything is a gimmick, it is the idea of comps. not that I don’t enjoy comps… I do enjoy them when I get them. if 100 X free odds were just a “gimmick” to increase the casinos take, then you would see it offered more commonly. it’s offered so rarely, because technically it is better for the player

[mainframe]

One more thing I wanted to add: technically, zero EV bets are not harmful to the casinos bottom line. If anything, zero EV bets like the free odds and lay odds bets are just a waste of the casinos time. The casino couldn’t offer lots and lots of zero expectation games because they would be breaking even (over time) and they have so much operational expenses: paying employees, upkeep, licenses, utilities, etc. etc. to be profitable, they have to offer mostly negative EV games we are they are guaranteed to lock in a profit on all bets, over time. The free odds bet is basically an enticement that you pay for with your pass line bet. you can think of the passline bet as the vigorish for the free odds bet

[wild child]

A relative involved with some other REALLY O L D T i m e r friends are making plans for an upcoming
visit to Las Vegas for a reunion of their dwindling number of viable survivors ....( Korean / V Nam era )...

My mention of the 100 X ODDS currently offered at Cromwell.....

He badgered a younger relative to confirm the deal via telephone contact.{ (702) 777-3777 }

They confirmed it with a nice spoken T G S over the speaker phone monitored by those within earshot...

The answer came as a welcome surprise.....
The plan is to offer the 100 x ODDS 24Hrs -7 Days A Week

until directed ...FROM THE TOP...

to drop the S T O P and return DIRECTIVE to other Minimum - Maximum Table Limits..
.
So until and only until so DIRECTED :

During some very obscure not specified s l o w moment(s) Table Min $5 - Max $5,000 ( up to 100x odds )
Reality of MOST OF THE Time .....................Table Min $ 10-Max $5,000 (up to 100X Odds etc,etc-era )
More perceived "BUSY Times "......
.......
( It is a business ....
...Minimums can and do increase / decrease to customer TOLERANCE
...as the crowd numbers swell the TABLE Minimums may rise $5,$10,!5,$25,$50,$100 ,or as high as THE HOUSE SETS THE LEVEL of the minimum and possibly the Maximum .............
... O N L Y play at money at risk you can afford within YOUR COMFORT ZONE / LEVEL ))

.....Table Min $ as tolerated by supply & demand of CROWD Size to Table Max $5,000 *
(Craps Table Min and Table Max subject to greater $ for " SPECIAL OCCASIONS " )

The up to 100 X ODDS are available for Do Side and DARK Side aka: DoN't Side WAGERS
Were Patricia Demauro of the World Record longest Recorded dice Roll Hand
to pop up at the Cromwell
.
A N D
.
toss a hand that breaks her current record establishing a new even larger one
and
you were jammed up to the table,you could Wager up to the table limit all the way up to THE 100 X Odds.

The Crom would honor your action up to the terminal toss
and
PAY OFF at the Cashier's Cage like normal business...
.
After your transaction was complete , the cashier would bellow : "Next Customer !!! "

Is this a beautiful country or what ?

w c

[Knick111]

WC,good job. you forgot the part where they say if YOU can not repeat WORD for WORD what WC. wrote on this post tonight YOU will be shot at high noon tomorrow.

Jaime.

[wild child]

WC,good job. you forgot the part where they say if YOU can not repeat WORD for WORD what WC. wrote on this post tonight YOU will be shot at high noon tomorrow.

Jaime.

jaime1943

Was pleasantly surprised that the 100x ODDS are available at greater than the Minimal $ Level..
.
Craps Table Minimum--Maximum wager limits are subject to change
as are the $ limits of feature /Prop bets ( hard-way,HORN,HOP BETS etc )

The switchboard telephone number included to enable anyone to easily confirm the ground rules and guideline.
Since the 100 x Odds ARE SUBJECT TO change ,those planning a visit to Cromwell
may wish to verify the 100 X ODDS deal .....................

just me saying
w c
.

[memo]

Some people do play for comps. I don’t know who or where, but some people just have disposable income that they want to play around with and gamble, enjoy the experience, and maybe get some free rooms and meals in the process. These people I am referring to are the true “recreational gamblers”

if anything is a gimmick, it is the idea of comps. not that I don’t enjoy comps… I do enjoy them when I get them. if 100 X free odds were just a “gimmick” to increase the casinos take, then you would see it offered more commonly. it’s offered so rarely, because technically it is better for the player

I have to respond to this...
I play for comps..So I am one of the 'some' that you refer to above.
What you say after that quite frankly is incorrect.
Comps are part of the total return for your play. If you do not take comps into consideration whenever you step into a casino or begin any game, you are missing out similar to not learning the dark side of craps.

Any venue I visit, I have a pretty good handle on what my play will return in comps, wether it be a meal, free room, tier credits, RC credits, even front of the line privileges. To neglect this is like leaving a significant portion of your bankroll at the cashier.

I will at times use one casino over another when all other things being equal...I will receive better comp benefits..This is not dissimilar to using one airline over another to gain future free air travel. In this respect, I am a recreational air traveler, and it is a 'gimmick' that I will always use to my advantage.

I understand what you were trying to state....It cast too wide a net and kinda catches everyone on this board to some degree or another..

Memo

[heavy]

While 100X odds is, in theory, better for the player - the difference in the odds at 20X versus 100X is .00099 versus .00021. We're talking the proverbial hair's difference of .00078, or 78 cents per hundred dollars wagered. The problem in all of this is that few of us have the bankroll to successfully play 100X odds. About the closest I ever come is 20X odds on a very hot run. I played $200 odds on a $10 line bet on the eight recently and also had the eight placed for $420 because I wanted more on it. I COULD have bumped my line bet up to $30 and gone with $600 in odds, but frankly my mind couldn't process that in the moment. $750 total on the $30 PL with $600 odds versus $250 on the 10 PL with $200 odds plus $490 on the $420 Place Bet, or $740 total. So, it cost me $10 to Place it instead of "putting" it for the extra $$. Not a session breaker but it does add up over time. Of course, had this been a 100X odds I could have gone all the way to $1000 odds on my $10 bet. Would I have done so? Unlikely, but I would have taken $500 without a moment's thought.

On the comp thing - I'll just say that I'm a whopping 7 points away from hitting the first tier Diamond at Caesars for next year. I'm heading over to Shreveport/Bossier to catch my flight to Vegas tonight, and I'm going to roll in a few hours early just so I can run a hundred through my favorite slot and get it behind me. It's good for a $100 free congratulatory dinner when I get to Vegas. I can also tell you that I'm staying a total of seven nights in Caesars top properties (right across the street from each other) this trip and it's all comped. I'm with Memo on this. I don't necessarily play for comps but I play primarily at the big three - Caesars, MGM, and Boyd when in Vegas. Caesars and Boyd both have properties in Shreveport/Bossier, where I normally play. MGM has properties in Tunica and Biloxi. A distant fourth is Golden Nugget, which has a property in Biloxi, one in Lake Charles, and the Vegas property I visit from time to time. Hey, comps are a big deal - particularly if you know the tricks of the trade to maximize them.

[220Inside]

I'm with you on the comps thing. I don't go out of my way to chase them, but it's great that I'm being comped my entire stay in Vegas this weekend. I had a choice of every TR property, including weekend days. The "free" diamond status that I'm getting from my Founders Card membership is paying for itself with just a trip or two. I need to pay more attention to other chains like MGM and Boyd, especially MGM where I don't seem to play at a lot of their properties anymore. I'll probably earn Diamond status based on my play alone this year for the first time, but at this point of where I'm at and the amount I play the guarantee of it is a huge benefit.

Your summary on the 100x odds thing is also spot on and best summary of it I've seen so far. For me, at my betting levels and bankroll size, it offers zero benefit, although if I ever get around to changing my handle name that Heavy keeps joking about, I may be at a level where it makes sense.

[mainframe]

Some people do play for comps. I don’t know who or where, but some people just have disposable income that they want to play around with and gamble, enjoy the experience, and maybe get some free rooms and meals in the process. These people I am referring to are the true “recreational gamblers” if anything is a gimmick, it is the idea of comps. not that I don’t enjoy comps… I do enjoy them when I get them. if 100 X free odds were just a “gimmick” to increase the casinos take, then you would see it offered more commonly. it’s offered so rarely, because technically it is better for the player

I have to respond to this...
I play for comps..So I am one of the 'some' that you refer to above.
What you say after that quite frankly is incorrect.
Comps are part of the total return for your play. If you do not take comps into consideration whenever you step into a casino or begin any game, you are missing out similar to not learning the dark side of craps.
Any venue I visit, I have a pretty good handle on what my play will return in comps, wether it be a meal, free room, tier credits, RC credits, even front of the line privileges. To neglect this is like leaving a significant portion of your bankroll at the cashier.
I will at times use one casino over another when all other things being equal...I will receive better comp benefits..This is not dissimilar to using one airline over another to gain future free air travel. In this respect, I am a recreational air traveler, and it is a 'gimmick' that I will always use to my advantage.
I understand what you were trying to state....It cast too wide a net and kinda catches everyone on this board to some degree or another..
Memo

Memo: I definitely did not intend disrespect to anyone who gambles with the goal of accumulating comps (whether "comp-accumulation" is a primary, secondary, or tertiary objective). I too enjoy being comped: it makes me feel appreciated/valued, and it sweetens the pot a bit from a financial perspective. When you travel to a casino resort, your spending lots of money on services and amenities..they are making money on your lodging, resort fees, food spend, entertainment, spend, as well as on your gambling losses. Very few people stay at a Vegas Strip resort without buying some of these other services. The fact that you can receive some of these services for free based on the amount of money you put at risk is a big perk/benefit, as are the free drinks served to gamblers considering the mark-up on alcohol at most bars and restaurants.
I call comps a "gimmick" for a few reasons:
- I personally am bitter/resentful because my level of play (mostly low buy-in and low average bet size) affords me very little comps. I am lucky if I get an occasional meal comp. I also get weeknight rooms or off-season rooms at various Atlantic city properties. I have a feeling if I were in Vegas more often and played at downtown or off-strip properties, I'd get more comps at my play-level
- I believe in the maxim "there is no such thing as a free lunch". Comps are an enticement, the free odds bet is an enticement, airline frequent flyer miles are an enticement, hotel group or grocery rewards cards are an enticement, etc.
An airline awards you points based on how much money you spent with them over time, and you earn occasional free trips. Its good for the airline because it generates a certain amount of customer loyalty, you are "enticed" to keep using the same air carrier by a promise of a "comped flight".

Some comp programs are a better deal than others. As a solid example, American airlines may have pricer flights overall than southwest. If you take 10 trips on AA and earn a free flight, you will ultimately have spent alot more money than you spent on 10 flights from southwest, with NO free flight.
One negative way to view comps is this: You will have spent a lot more money gambling your way to a free hotel room or meal credit than you would have spent had you just paid the regular cost of a room. Now granted, you can win a session or win overall for an entire trip and STILL get a room or meal comp...in which case you really won out that particular time. But overall, most people who have accumulated a lot of comps have lossed a lot of bankrooll/buy-in over time, probably more than the retail cost of the comped services they earn (definitely more than the wholesale cost of the comped services). The comps are skewed favor of the casinos bottom line.
I dont know about Vegas casinos, but AC comp room offers have a disclaimer regarding minimum play required. If you are comped a room in AC and dont proceed to gamble a bit over the course of the trip, they reserve the right to charge you regular price for your comped room.