> It seems inconsistent for gamblers to be happy to risk money gambling
> and care about getting cash instead of free play. That so many
> casinos offer a huge discount for free play, sometimes offering twice
> as much in free play than in cash, tells me there must be many of
> them. I've won drawings and been given the choice between free play
> and a much lower amount of cash.
this is almost universal among non-advantage gamblers. for a while
stations/fiesta was offering drawing winners the choice between $1000
cash or $1200 freeplay. i don't remember ever seeing someone who was
not known to me as an AP choose the $1200 freeplay.
many of these people had platinum cards or higher, meaning they had
earned 75000 points in a three-month period. in other words, they had
voluntarily exchanged $75000 in cash, or credits that could have been
redeemed for cash, for $75000 in slot play. it's totally unremarkable
for any of them to earn 1000 points in a day, exchanging $1000 cash
for $1000 slot play, $1 or $5 or $10 at a time. yet they would not
exchange $1000 in cash for $1200 in slot play. completely irrational.
they now offer the choice between $1000 cash and $1000 freeplay, and
no one ever takes the freeplay, despite the fact that they're of equal
value to someone who gambles on a regular basis, and the cash award
generates a 1099 and the freeplay award doesn't.
but then, if most gamblers were rational, this town wouldn't exist...
cheers,
five
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