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Using Free-Play on Table Games

Discussion in 'Comps' started by Aces and Eights, Jul 23, 2016.

  1. Aces and Eights

    Aces and Eights VIP Whale

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    I always use my casino free-play on VP. If I use it for table games, do I have to use it on even money bets, or can I use it on bets which pay at higher odds like a single number on roulette? Do they take the free-play bet after you win, or do you get to keep them until you lose?
     
  2. meliphilus

    meliphilus Tourist

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    My experience with CET free play in the Vegas market is the vouchers play exactly as chips, play it til you lose, 3/2 blackjack odds are the same, etc.
     
  3. Chuck2009x

    Chuck2009x VIP Whale

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    Different casino chains have different rules.

    CET table vouchers are play until you lose, which is great. You can only use them on even money bets, though. A regular bet in BJ is considered an even money bet, although they do pay out 3:2 or 6:5 if you get a BJ. But on craps for example, you can't use them for place bets, or as odds, etc. Roulette would be red/black or odd/even.
     
  4. Aces and Eights

    Aces and Eights VIP Whale

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    The reason I was thinking about this is because I have gotten promotions a while ago which gave me chips I can only use on even money bets. But I thought free-play chips might be different. I wonder why they limit it to even money bets. Typically bets with higher odds have a higher house advantage. And if you choose machine or VP, they also have higher payback depending on what you get.
     
  5. Chuck2009x

    Chuck2009x VIP Whale

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    There's no house edge on freeplay; it's the casino's money you're betting.
     
  6. larryg

    larryg Low-Roller

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    "I wonder why they limit it to even money bets."

    As stated above, it depends on the casino, but one type of free-play chip is bet once, with no face value. For example, let's say you have a $10 free play chip in craps, and you bet it on the pass line. If you lose, that's it. If you win, you get $10, but you forfeit the free play chip. Ignoring the small house edge for this bet, this means that your expected return is 50% -- you lose half the time, and you get $10 half the time. In other words, that $10 free play chip is really worth only $5.

    If you were allowed to bet on the twelve, you'd either get nothing (if you lose) or get $29 (at those casinos offering 29-1 odds). The chance of rolling a 12 is 1 in 36, so your expected return would be 29 / 36 = almost 81%. In other words, that $10 free play chip would be worth about $8. If the casino allows this, go for it!

    Note: this does NOT apply to meliphilus' situation, where the casino is treating those bonus chips just like the real thing.
     
  7. Aces and Eights

    Aces and Eights VIP Whale

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    Even though they give you the chips, there's still a house edge. Just like if you won a $1000, and you keep playing; although it's the house's money that you won, any game that you play has a house edge regardless whether you use money that you won or money you received as a comp.