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Best way (low variance) to cash out free play and points.

Discussion in 'Casino Gaming' started by sheket, Sep 29, 2019.

  1. sheket

    sheket Tourist

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    I gain a sizable amount of free play and points every month from regular table games (in a non LV casino - Canada to be specific). However they recently removed the ability to cash/play them at any even money game.
    I don't play slots nor do I particularly like them. I've seen Video Poker games that accept them but don't know if the payouts are any good or even what to look for.

    My objective is to try and recoup as much of each $100 as potentially possible. I considered putting an ad for someone to purchase them, but that would require giving them my card and pin and trusting that they would not raid my account the following trip - so not the greatest of ideas.

    Any help would be appreciated.
     
  2. nostresshere

    nostresshere Mr. Anti Debit Card

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    I would go with VP.

    I would not try to sell or do anything like that. The risk is just not worth it.

    When you say a sizeable amount - what are speaking of.
     
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  3. Guy_

    Guy_ High-Roller

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    VP is the way to go.
    If you are just trying to convert as mush as possible to real cash then you should play Jacks or Better. very unlikly you will have any big hits (unless you get a royal) but also has the lowest variance and is the most likely to get you back about $75-$80 from each $100 in FP.. (Much more if you hit a Royal Flush)
     
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  4. Grant1982

    Grant1982 High-Roller

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    Yup, Jack's or Better is the way to go.
     
  5. sheket

    sheket Tourist

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    Around $1500-$2000 month
     
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  6. sheket

    sheket Tourist

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    Thanks,
    will read up on strategy for that. So you think I can only get 75-80% on average.
     
  7. flyguyfl

    flyguyfl VIP Whale

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    l always use my free play on dollar VP (DW) as there is the chance of 4 deuces for a grand.
     
  8. VegasSchemer

    VegasSchemer VIP Whale

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    Jacks or Better is generally best if you can only do VP, but Video Blackjack would be my play to eliminate variance. Should walk out with at least $90 if you can bet $1 hands or less.
     
  9. tringlomane

    tringlomane STP Addicted Beer Snob

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    No he meant you'll probably get $75-80 minimum back each time. For a quarter machine, that's probably close to right. You could run awful and maybe get 50-60% back on $100, but it's not likely.

    It depends on the games you select and how much you wager per round. If you have say a multiline penny machine and play 5 hands at 5 cents each, you'll likely get $90 or more back a lot of the time. Of course that would take upwards of an hour to play through $100 as well. In the long term you'd hope to get about 95% or more of your money back depending on the paytable. But luck obviously might give you more or less.
     
  10. pressitagain

    pressitagain High-Roller

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    If you don’t mind me asking. Which casino in Ontario and which table game.?
     
  11. notfromconcentrate

    notfromconcentrate High-rolling diner. Low-rolling gambler.

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    Can almost guarantee that trying to sell the FP would be a violation of the player's club terms.
    I think OP said the free play can’t be used on even-money bets, and blackjack certainly would fall into this category.

    If virtual tables were an option, combinations of red/black/zeroes on roulette or pass/don’t/twelve on craps would be the most surefire way to cash out.
     
  12. VegasSchemer

    VegasSchemer VIP Whale

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    Whoops, you’re right.
     
  13. eksantirik

    eksantirik High-Roller

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    Well, you can easily end up with a profit with a bunch of Full Houses or 4-of-a-Kinds. You don't have to have a Royal Flush on JoB in order to get ahead. In fact I finished the game ahead several times due to getting more than average Flushes or Full Houses. Make sure you play 9/6 though (i.e. Cromwell). That makes a huge difference.

    Btw, I also use VP for almost all my freeplays.
     
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  14. phantomfj

    phantomfj High-Roller

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    If you go the VP route, be sure to compare the payout numbers on each bet level.......here in BC at my local, the payout numbers are much better at the $1 level vs $0.25 level
     
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  15. DaiLun

    DaiLun R.C., L.C., and A.A.N.G.

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    What I would have to ask is whether or not OP's ongoing table play is covering the "no play" Free Play, or whether he expects it to decrease over time.. Casinos expect a "churn" from Free Play, and because you (typically) don't earn points with Free Play you're showing "no play" (that you took the Free Play and left with whatever you converted it to . . . .)

    I have a friend that doesn't understand this, and is wondering why he has to up his play to maintain the Free Play that he gives to his wife, who "cash converts" with no subsequent play.
     
    Last edited: Sep 30, 2019
  16. sheket

    sheket Tourist

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    No doubt, but they removed that option about 2 months ago. Hopefully they won't catch on to VP too.
     
  17. sheket

    sheket Tourist

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    The problem is I really don't know what the payouts should be at JoB VP. Even worse, I don't really have any other option of cashing it out other than dumb luck at slots and that has never worked out well.
     
  18. tringlomane

    tringlomane STP Addicted Beer Snob

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    Look at the one coin payouts for the full house and flush, but bet 5 for the Royal Bonus. The higher the better payout.

    Full House/Flush... optimal payback
    6/5...95.00%
    7/5...96.15%
    8/5...97.30%
    8/6...98.39%
    9/5...98.45%
    9/6...99.54%
     
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  19. Emerson

    Emerson High-Roller

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    OLG mandates that all slots have an 85% return, obviously you are asking about variance. The mechanical reel Red Hot Jackpots pit (2nd floor near escalator) have the lowest variance of the machines I have found at Caesars Windsor.
     
    Why do I do this to myself.
  20. sheket

    sheket Tourist

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    Ok, I found a machine that is 9/5. Now where can I find reading material about basic strategy (I heard basic strategy yields 98.0 vs 98.45 optimal).