Revel $100,000 loss rebate

[Vman96]

And how many of us stop as soon as the play money is gone?????? And you have to repeat this exercise in futility 20 more consecutive weeks!!!!! 


This is what Revel is exactly hoping for. Especially those who give up on the promo. But for disciplined locals that have significant money to gamble with, this is a wonderful opportunity, and it's worth much more than you think it is.

Since Bob is promoting it, I'm not totally sure it's worth it to him or long distance out of towners though....haha Flying/driving every week and missing out on Vegas promos will cost anyone a bundle.

[BOOPSAHOY]

[QUOTE=BOOPSAHOY]Bob how did you understand the match bonus dollars promo? The way I read it you can do it every day in July as long as the daily amount is not more than $500. Ill be in AC for 4 days and I would love to do it all 4 days as I have approx 200 bonus dollars each day from Taj that I would love for them to match.I didn't pay much attention to the match bonus dollars part of it because it didn't apply to me. The way it appears to work is it only applies to AC offers and I have none of those. Plus they confiscate the coupon. So if your offer was for $200 at the Taj, it would now become $200 at the Revel. You could try to talk the Taj into replacing your "lost" coupon. Good luck on that. You're going to need it. Whatever there tendency on doing that normally is will likely be reduced to zero during July. The Taj will be well aware of the Revel's promotion.If you were actively planning on playing enough so that you would win $150K or lose $100K (the intelligent way to play it if you have sufficient bankroll and getting back there is no problem), then the match play coupons offer would be useful because you wouldn't have to run all over town to cash them.If you are looking to "double your match play offers," it doesn't work that way. Plus, as bad as the pay schedules are at the Taj, the Revel pay schedules will likely be worse during this promotion. Therefore, this part of the promotion isn't particularly valuable ---- unless you were planning on hitting the rest of the promotion hard as well.Bob[/QUOTE]

I will be in AC for 4 days and have approx 200 per day from Taj. I do not need the flyer to get the money at Taj its automatically in my account. HOWEVER, the flyer has my bonus coin for more than one day on one flyer, if they take it I cant do the promotion the next day. Do they ALWAYS confiscate the flyer?

If I can kee p the flyer and get 200 per day for 4 days thats 800 "free" bucks. Why NOT do it?

[gregorio]

So please educate me Vman how is that a great opportunity for locals. I am local. Perhaps after I hear your argument I'll make a reservation at Revel for the whole month of July, if they still have rooms available.  

[Vman96]

So please educate me Vman how is that a great opportunity for locals. I am local. Perhaps after I hear your argument I'll make a reservation at Revel for the whole month of July, if they still have rooms available.  



Well, from what I have read on another forum, they may have got rid of their highest paying/highest denomination video poker machines, so that may put a wrench in things. But simply put, it's another chance being provided to you to win.

Here let's simplify things a bit. Lets say the house offers a game where you win $95 on a winning coin-flip, and lose $100 on a losing coinflip.

The player edge on this simplified game is:
[(0.5)*$95 - (0.5)($100)]/$100 = -0.025 = 2.5% house edge

The house is also offering a $100 loss rebate on this game. You decide that you are conservative, and will also quit on any win.

So there are 3 scenarios:
You win the first flip and automatically quit

You lose the first flip and win the 2nd flip on the "freeplay"

You lose the first flip and lose the 2nd flip on the free play.

Scenario 1: (0.5)*($95) = $47.50

Scenario 2: (0.25)*(-$100 + $95) = -$1.25

Scenario 3: (0.25)*(-$100 + $0) = -$25

Note in Scenario 3, you lost the freeplay on the second flip, so it didn't cost you any of YOUR money.

Sum of all scenarios: +$21.25

Player edge of 21.25%.

Of course the way Revel is doing it, they are splitting the free play up into 20 increments, so you have to be devoted to play through the free play every week, otherwise you will lose value in this promo.

[gregorio]

Thank you. I love the way you simplified things. If only it translated into real life..... like going to Revel for 20 consecutive weeks to play thru your refund!  Let's hear  in December how many people actually went to Revel every eligible week for 20 weeks! Then let's hear how many of those actually came out ahead. I bet u can count them on one hand! Meantime I checked room availability online at Revel and for the month of July there are no rooms available. Guess casino is holding practically every room for those foolish enough to take them up on their offer and go gamble their money away at horrible odds. Why am I surprised though? Resorts World Racino in New York, where odds are the same as scratching a lottery ticket,  just set a new record for monthly gaming revenue or "win". Yes, the new monthly record win for any casino in the United States is $72 mil established by World Resort NY in March of 2013. That's more then Revel took in for the entire year!!!  Revel's new marketing people understand what people want and they are giving it to them: PEOPLE JUST WANT TO PLAY! 

[BillyJoe]

[QUOTE=gregorio]

Of course the way Revel is doing it, they are splitting the free play up into 20 increments, so you have to be devoted to play through the free play every week, otherwise you will lose value in this promo.[/QUOTE]
Sounds about the same as getting a job - have to show up each week to get paid. Of course, in this case, you may NOT get paid each week.

[Tedlark]

[QUOTE=Vman96] [QUOTE=gregorio]

Of course the way Revel is doing it, they are splitting the free play up into 20 increments, so you have to be devoted to play through the free play every week, otherwise you will lose value in this promo.[/QUOTE]
Sounds about the same as getting a job - have to show up each week to get paid. Of course, in this case, you may NOT get paid each week. [/QUOTE]

  Billyjoe wouldn't it be more in line with giving Revel an interest free loan for 20 weeks? Good luck in Las Vegas by the way.

[DaBurglar]

The only thing new or different about what "REVILE" is offerring is the scale of this rebate program, $100,000 during an ENTIRE MONTH, and the fact that it includes Video Poker........I have never seen any casino in AC offer more than $10,000 in rebates for slot only losses in any given period longer than a 3 day weekend (Friday noon thru Sunday 6pm) or maybe a 4 day week, and the redemption period for the rebate amount is typically broken up into 3 or 4 equal parts spread out over 3 or 4 specific DATES in a 3 month period;   usually its like what the Tropicana-AC or the Atlantic Club put forth, they hold a special loss rebate day where they refund your SLOT losses (but usually NOT Video Poker) up to a maximum of $2500 , and then they dictate two or three specific dates (usually a month later for the first date to redeem the first 33-1/3% to 50%, and then the next date is 2 or 3 weeks later, etc.) But something(s) are really  FISHY about this "promotion".....let's be objective and realistic as we look at the situation: 1)  Revel is a 2.5 BILLION dollar casino resort that has been a DISMAL and total failure.  The only reason it has been given the extreme life support measures it has in order to keep it open is that SO MANY different people have staked a major portion of their careers, not to mention livelihoods, on the thing succeeding not the least of whom is Chris Christie, the man who would be president.   the key word here folks is DESPERATION..... 2)  If any of you have been to Rev(o)l(t) and played their VP, you know how AWFUL their paytables are.....in a city with dismal paytables to begin with, Revile's are at the bottom of the heap.   Furthermore, all their machines are brand spaking new which means they all have the new ultra modern chips in them, and by all accounts I have heard and read the newer machines/chips are (for whatever reason) tougher to win with than some of th older "classic" machines.   My point is DO NOT get too excited by the fact that Revile is offering Video Poker in the midst of this traditional "slots only" type promotion.   I will not even get into the fact that Revel is probably (like other AC casinos) juking some of their VP machines in accordance with New Jersey's gaming regs which allow casinos to treat VP as "slots", etc etc. 3)   The MAIN purpose of this promotion is NOT to secure a "interest free loan" for Revel from players who manage to MAX out the 100K promo limit.....nor is the primary goal to drastically increase gaming revenue for July (attaining MAXIMUM revenue is ALWAYS the objective.)    The MAIN goal of this promotion is to ENSURE that Revile has a steady stream of customers in the traditionally SLOW months following the inevitable post-labor day end-of-summer CRASH....the 20 week redemption period starting in August ensures that the customers investing in this Promotion will be returning each week thru the end of the year (December 31)!   This addresses the NUMBER 1 problem for Revel, the MAIN reason they have failed up to now....LACK of consistent and sufficient gamblers.      BUT...... Players Beware;  call it a GUT feeling, but also because of things I have heard and know from hanging around AC and getting to know people and listening to scuttlebut, I am certain Revel will undergo a serious evaluation based on how they , and if perform this summer and if certain financial targets are not achieved, the property may be shuttered for the coming "slow season"/winter months while ownership and creditors ponder alternatives.   This is actually a LIKELY scenario because one thing is certain, the property CANNOT afford to experience another "slow-season" period like the one it just went through last year (October 2012 thru March 2013), even with the new financing and credit deals it received 4 months ago.     Sooooooo......it is entirely possible that all the players who being heavily invest in this promo might wind up seeing Revel close shop after Labor day and be unable to play-redeem their loss bonuses....dont think it cannot happen because it can and it has in the past (anyone remember Reno and the Fitzgerald's fiasco from November 2008?  Or was I the only one who lost his "lucky leprechaun bucks" when that casino finally went belly up after struggling for 5 years just to stay afloat, much like Revel is now doing.....except The Fitz-Reno was NOT a 2.5 Billion dollar Boondoggle IN ADDITION to being a Political Hot potato!)

[Tedlark]

  Point number 3 made in the above post comes from where? This is all opinion.

[DaBurglar]

  Since Bob is promoting it, I'm not totally sure it's worth it to him or long distance out of towners though....haha Flying/driving every week and missing out on Vegas promos will cost anyone a bundle.
  I posted this also in Chit Chat -AC For Brb Dancer and other out of towners, they need to have someone local or nearby (say someone in NYC) take their players card and PIN and visit Rebel casino hotel each for the 20 week redemption period and play thru their free play loss bonus rebate.   Then work it out as to splitting up the remaining cash out amount. Anyone who is not local and who cannot visit all 20 weeks should look into this, provided the amounts are worth it.....I assume in someone like Bub dancer's case, who likely might play a high enough volume to accumulate something close to the 100,000 dollard limit, the weekly free slot play amount might be substantial so this makes it well worth someone's time.  Edited to add:   Now before  anyone gets in a twist with what I am suggesting, know that this kinda stuff goes on all the time.....AC casino patrons who live in NYC have "clubs"  comprised of numerous players whereby, each week, someone from the club takes everyones' players cards and whatever free play offers they have for that day/week at the various casinos in AC, and that person goes and plays them and returns with whatever money is left over from the cashout.   Now obviously it has to be worth it but in many cases it is especially if you have enough people in your "club".   Anyone else have similar stories or experiences in AC or Vegas or elsewhere?