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Need help with cashback offers, how to play them 'optimal'?

Discussion in 'Online Casinos' started by Zoozie, Oct 23, 2006.

    Oct 23, 2006
  1. Zoozie

    Zoozie Ueber Meister CAG PABnonaccred

    Occupation:
    Software Developer
    Location:
    Denmark
    I know that for sticky/phantom bonuses the following document shows how to play them optimal for different games:
    You must register/login in order to see the link..

    What is interesting is that the optimal strategy, most often, is not just betting the max.

    However in the case of cashback bonuses what strategy should you use? Is there a similar 'optimal' strategy?

    I am asking this because I have heard several players claim that even a 10% cashback is a very good deal. I am not talking about the 'slot loss only' cashback offers, but cashback offers where all games are allowed.

    The best strategy I can come up with is simply just to bet the whole deposit in one hand in blackjack etc, in case of a push then just repeat. (This also sets the limitation that you can not deposit more than the maximum bet each hand.) Using this strategy adds about 10%/2=5% to the payout% which then is +EV for blackjack. If you win, withdraw all. If you lose, then withdrawal the cashback amount when you get it. But for the phantom bonuses, the optimal strategy was not betting the max, so is something like that also the case here?

    So is this the best way to play a cashback bonus? I do not like the very high variance from this play. (double or 'almost bust') And I am not that impressed with the EV. I would prefer a strategy with much lower variance also. Besides using this strategy also makes it too obvious that you are 'taking advantage' of a bonus.
    Zoozie
     
    Last edited: Oct 23, 2006
  2. Oct 23, 2006
  3. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    Have a look at You must register/login in order to see the link..
     
    2 people like this.
  4. Oct 23, 2006
  5. Zoozie

    Zoozie Ueber Meister CAG PABnonaccred

    Occupation:
    Software Developer
    Location:
    Denmark
    Thanks, excactly what I have had it mind. I was not aware wizardofodds also had an article for this. Where on his site did you find an index for articles?

    I am looking forward to read it.

    Zoozie
     

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