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Anecdotally, I have heard that rebates up to 1. I have one report of a rebate of 2. In the example above, if this player was given a 2.
With a 2. This is clearly an untenable relationship for the casino. Another way to measure the cost of NN chip programs is by the reduction in the house edge per hand incurred by the cash rebates.
The following table gives the effective house edges for the Banker, Player and Tie wagers per hand, for a variety of rebate percentages:. These reductions in house edge occur without a corresponding change in the standard deviation.
For this reason, there is considerable risk involved in giving NN rebates, as I will demonstrate in a subsequent blog post. What makes NN chip cash rebates so valuable from the casino side is that they give back a fixed percentage of T-Win back to the player.
This value can be accurately accounted with the theoretical models given above. There is no need for the casino to record the time played or average bet of the player.
These rebates are the beginning and end of what most high-rolling Asian players get back for their play. And they like it. By contrast, the U.
Abuse of non T-win based incentives is common. Players keep expecting more and the casinos comply in order to keep up with their competitors.
The concept of tying the incentive to a percentage T-Win breaks down in the U. Many casinos do an extraordinarily poor job of evaluating the T-Win for their high-rollers.
They have no idea about the true worth of their premium customers or the percentage of that worth being returned to the player in cash or other incentives.
Getting upside down with players is a frequent occurrence.Combo Set Offered. Spielbank Baden WГјrttemberg 10 YRS. The early Baccarat games played at the Vegas strip in the s were not exactly the Punto Banco variation Renzoni had brought from South America.