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Question about Jackpot Factory's VIP casino as well as cashout option.

Discussion in 'Online Casinos' started by JlSpitFirelC, Apr 7, 2008.

    Apr 7, 2008
  1. JlSpitFirelC

    JlSpitFirelC Experienced Member

    Occupation:
    Student
    Location:
    Pennsylvania
    I'm not quite sure how hard it is to get an invite, but if you win like $10,000 do you think they may send an invite? I just was curious because I think it would be fun.

    Also anyone have any prior experience with the bank wire option to a U.S. bank account from Jackpot Factory? I just cashed out and was curious if it was fast or faster than they say on their site. I ask this because I cashed out using "USEMYWALLET" and it was in my account within 2-3 days. Faster than they say it would be.

    Thanks


    Edit:

    May not even need to worry about that because my withdrawal from April 4th that I chose bank transfer on showed up just now in my USEMYWALLET account. So either way.. I'm really excited about my wins that are coming :)
     
  2. Apr 7, 2008
  3. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    I wondered that, but after I really laid into a couple of their promos by depositing THOUSANDS I got my invite after only two months of membership.

    From this, I expect it is down to participation, not whether you win or lose.

    There are a few decent perks, but not as good as before UIGEA, unsurprising since US players were some 90% of their market then.

    Regular perks are double comp points only in the VIP lounge casino, and extra VIP only promos approx every couple of weekends, depending on level of play.

    Currently, their promo, open to all, is the road race, with a top prize of 5000 credits, a new record for this kind of JF event, and one I have my eyes on, and calculator to hand.

    Sadly, I lack the availability of the kind of bankroll needed, but I expect to have it once Club World have paid the remaining pair of instalments totalling $5200 from my winning spree just after Easter:D
    I will probably have a crack at one of the later stages, 5000 is not a small prize;)
     
    1 person likes this.
  4. Apr 8, 2008
  5. Jufo

    Jufo Three-toed sloth

    Occupation:
    Teacher
    Location:
    Finland
    Well last month I cashed out 5000 EUR (7500$) win from there and wagered around 80 000 credits but didn't get any invite...

    I participated in similar promo they had in March. However the terms are confusing because they state that

    "Players will earn points on the scoreboard as follows:
    1 point per 1,000 credits wagered
    1 point per 100 credits won
    1 point per 100 credits lost"

    Only after wagering I realized that those points were accumulated only based on NET loss/winnings and I thought I would get one point each time I lose 100, then win 100. So I risked my money unnecessarily and I cannot understand how someone can generate 560 points with those rules (like the winner in March did). I only got 25 credits win (as bonus funds with 30x/300x wagering requirement!) for that 80000 wagering so it was way worse than even comps cashback.
     
  6. Apr 9, 2008
  7. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    The answer is Blackjack;)

    It is possible to autoplay Vegas Strip, and generate quite a bit of wagering with little effort. I managed to get as far as 200 points with this strategy, and I only did it for a few days. The current promo has a much bigger top prize of 5000 credits, and I was expecting to see some very big scores over the 11 day stage. Playing on slots would be a bad move, with the 95% return.

    I have my thinking cap on though, and am trying to work out a "method" for this new format that makes it worth while.
    I believe a very large bankroll is needed, with the aim of hitting first place or second. The risk is high too, fail, and you don't get the prize.

    Bear in mind that winning the 5000 credits then gives you a starting bankroll of 5000 for the following stage, and all that is needed is to make the qualifying deposit on top to get play to count.

    Getting a big win can also boost the scores somewhat, and if someone takes down a big progressive during the promo, they are going to get first place as well because of the 100 win/lost rule.

    I had thought of it being per 100 won or lost, simply because of the high scores, but you have confirmed this not to be the case (damn! - one "method" idea gone).

    To get 500 points, you would have to win or lose 50,000 credits, and this is why progressives are so dangerous (unless you are the one to win it:D).
    You could be playing and doing well, and then someone hits a big progressive and ends up hundreds of points ahead, and turns a +EV strategy into a costly exercise.
     
  8. Apr 9, 2008
  9. Jufo

    Jufo Three-toed sloth

    Occupation:
    Teacher
    Location:
    Finland
    Yep, I just can't see how this can be +EV thing. Suppose you would need 600 points to win. Either you will have to lose 60 000 credits (easy) or win 60 000 credits (hard) or wager 600 000 (quite hard). Vegas Strip has 0.4% house edge so you would on average lose 2400 credits for that wager amount. Of course winning 5000 credits would compensate that but the problem is that you are not quaranteed to win even with 600 points.

    Do you get comps for wagers on Classic blackjack? If so, then you could cover the house edge of Classic blackjack with comps (comps ratio 1:1000 = 0.1%) and generate those points for free. This might work maybe.

    If it had been win/lose 100 rule, it would have been very easy to generate points by making 106 credit bets on Baccarat and every bet on Banker (win or lose) would have meant either losing 106 credits or winning 100.7 credits. I actually generated 600 points this way, only to see they don't count :(
     
  10. Apr 16, 2008
  11. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    I have looked into the first stage, and the winner (Vella G) came in with 2913 points!!!!!!

    This seems to be a very high roller, as they have a $20,000 win on the winners page. Steven B, second, hit $13239 on Rainbows end, and came in with 1500 points.

    Third place went to Christine H, only 641 points and no entry for wins of $5000 or more.

    This looks like the high rollers are dominating this event, probably not for the 5000 credit prize, but because they are on a good run.

    Classic Blackjack could indeed make this pretty neutral to +EV, due to the rate of comps beating the house edge, BUT this presumes PERFECT strategy, and there is NO AUTOPLAY on the game. To beat this with Classic Blackjack would require manual play with a strategy table, and would need fairly big bets and luck (that MG isn't in "suck mode"). To get 3000 points, which would have just beat the winner, some 3 MILLION would need to be wagered, but on any game. For Vegas Strip, house edge 0.36%, the loss could be $10,800 - more than DOUBLE the prize, BUT, there would also be 2 comp points per $10 wagered, a total of 600,000, and this would give $6000 in cash.
    This would give a +EV of around $200 for autoplaying Vegas Strip provided you played enough hands. Clearly, you would NEVER make it at low betting, and would have to bet higher, maybe around $20 per hand, possibly $10 with a fast PC and 24/7 operation. You would need a bankroll big enough to handle the variance, and the ability to stand 11 days of gambling boredom for a mere $200 potential profit, which may not be so great considering that the $5000 prize comes with 15x WR (VIP players), and may only turn out to be neutral or -EV overall.

    I may not bother with this after all, as the scores for the current round seem to be getting higher still at this stage, and my experimentation with the AWP games requires some further funding (No laughing KK:mad: ).
     

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