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are cosmo promo chips 1 play or play till you lose?

Discussion in 'Comps' started by jaybert, Oct 12, 2013.

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  1. jaybert

    jaybert Low-Roller

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    got an offer for 2 nights + $375 in comp chips. Trying to figure out if its 1 play or play until you lose. I called up and the person told me it was play until you lose (he didnt seem very sure of the answer), but my googling generally said chips labeled as promo chips were for 1 play only. I don't have a host or anything, so figured I would ask here.

    On a side note, Im surprised I got an offer from them. I gambled a bit there around when they opened (did the $100 slot rebate, + some blackjack), and i doubt I played more than an hr total.

    Thanks!
     
  2. dankyone

    dankyone VIP Whale

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    Cosmo promo chips are one play only.
     
  3. jaybert

    jaybert Low-Roller

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    bummer thanks. Not what I had hoped, but free chips are free chips I guess.
     
  4. paperposter

    paperposter VIP Whale

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    they have 2 types play to u lose and one time use ,.it will say it on the chip when u get them what you have
     
  5. jaybert

    jaybert Low-Roller

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    Interesting. Any way to tell based on the offer? They are labeled as promo chips. Guessing I may need to just call up again and have them contact someone more in the know to confirm? The email didnt really have any fine print as I would have expected.
     
  6. paperposter

    paperposter VIP Whale

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    no im local and i never know,its in there computer at the cage.

    ill take a pic of the one times and post later

    they actualy say one bet only on them just looked
     
  7. dankyone

    dankyone VIP Whale

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    Good luck getting someone on the phone who even understands what you are asking. All of my promo chips at Cosmo have been one play only.
     
  8. jaybert

    jaybert Low-Roller

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    thanks. yea i called twice and got 2 completely different answers. 1st one told me they were play until you lose, the second one gave me some explanation which sounded like one play.

    i'll just assume its one play and consider it a win if it is somehow multiple play until you lose.
     
  9. shifter

    shifter Degenerate Gambler

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    One play are nearly worthless.
     
  10. jaybert

    jaybert Low-Roller

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    aren't they pretty much worth 50% of their value?
     
  11. Kickin

    Kickin Flea

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    Yes, on even money type bets. The EV of these is extremely simple to calculate since it's just a single bet with no corresponding loss. They're worth more on something like a single number on roulette. Where your EV is just (1/38)*35 = .921. For those chips the low edge even money bets are the safest, but the least valuable in terms of EV unlike play until you lose chips would be.
     
  12. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    Its incredibly inaccurate to say they are worthless. That doesn't even make sense.

    And I am not familiar with the Cosmo promo chips, but make sure you find out what kinds of bets you are allowed to make before you make a plan for them. Some promo chips may only be used on even money wagers, which would exclude things like a single number on roulette
     
  13. jaybert

    jaybert Low-Roller

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    interesting, didn't think about how using them on long shots as being the best option, but that makes sense. I'll def. try using them on single #'s @ roulette if its allowed.

    anyone who has gotten cosmo promo one time play chips know whether it is allowed ornot?
     
  14. Kickin

    Kickin Flea

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    Good luck! But just keep in mind that may be the best bet in terms of expected value, but in practice you need to decide if you want to take that very high ~97.5% chance of winning nothing. If you'd really rather just get "something" back then stick with a safer bet instead of maximizing EV.

    Personally I'd go with the straight up roulette bets. Especially since it's not something I normally play with real chips and at least this way I could justify it to myself as the best play mathematically.

    It's up to you though, and whether it's even allowed.
     
  15. sindustry

    sindustry VIP Whale

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    If you want an absolute 50% return and if the casino will allow it, you can put half the chips on Banker and the other half on Player, at a mini-bac table.
     
  16. Kickin

    Kickin Flea

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    That's no absolute. You would lose both promo chips on a tie since they're one bet only. The chances of a tie are almost 10%. Plus on a banker win you still pay 5% commission. Only a player win would net you 50%.

    In theory could guarantee yourself a little less than 50% on games like bacc or single zero roulette by doing something like 49c on each red and black and remaining 2c on 0. But practically speaking your chip denominations and table mins probably wouldn't allow that even if the casino didn't care.
     
  17. firstkill

    firstkill High-Roller

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    ive only used them for black jack at cosmo.

    If you win, the bet stays.
    If you push, it stays
    If you lose they take it.

    example. I had a 25 promo chip, 25 dollar normal chip for a bet.

    I push, the bet stays.
    I win, I get paid 2 green chips and the original bet does not get changed.
    I lose, they collect both.

    Its not like a match play where if you win, they take the promo chip.

    this was 6-8 months ago.
    fk
     
  18. sindustry

    sindustry VIP Whale

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    I haven't played much, but I have yet to pay a commission on a minibac (is EZ bac considered mini?). I also did not know tie will make banker or player bets lose...always thought it was one of those "bonus-type" bets. Again, I have not played it often to know all the rules. Obe should know all the rules prior to playing, but sometimes that takes the fun out of "beginner's luck"...lol.
     
  19. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    EZ does not have a commission. No idea if Cosmo even has those tables. I know they have standard mini-bac
     
  20. sindustry

    sindustry VIP Whale

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    Actually, thinking back, I am certain a tie on an EZ bac table does not result in banker or player losing. I did a single hit and run bet a few weeks ago at a local casino for $1000. Bet banker...player hand get a natural 9 and then miraculously, the banker hand also squeezed out a natural 9. My bet pushed, but I promptly lost it on the next hand when the player hand won. This my be moot if Cosmo does not even have EZ tables. Personally, I'd much rather play the chips and have fun with them over getting a possible guaranteed 50%.
     
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