Does Rebatewager round all bets down?

[Fishhead]

Have any of you won free play in the beat Blackie contest? if so, have you used it to play a money line underdog? did you win the bet? fish said you weren't allowed to use it on moneyline dogs. can this be true????

Yesterday I attemted to do so and could not

One could only do so with MLB moneylines........ not with football.

I would try now, my RW has no moneylines up currently.

[geebert74]

Have any of you won free play in the beat Blackie contest? if so, have you used it to play a money line underdog? did you win the bet? fish said you weren't allowed to use it on moneyline dogs. can this be true????

I have but I do not think I put it on a dog... I think I took the winnings of it and put it on Texas the other night... But again, this was just money I won from it.

[Fishhead]

Yesterday I attemted to do so and could not

One could only do so with MLB moneylines........ not with football.

I would try now, my RW has no moneylines up currently.

Just tested the freeplay with hockey........

One can use it for the moneylines, but not the TOTALS or PUCKLINES.........

[hhsilver]

so you think it might not be ok for football money line dogs ------ the site says "up to +200" for straight bets without specifying any differences among sports . this is important because many like to use free plays on underdogs.


fh, thanks for testing the hockey -- that will be good enough if we can't do it for football

[Fishhead]

so you think it might not be ok for football money line dogs ------ the site says "up to +200" for straight bets without specifying any differences among sports . this is important because many like to use free plays on underdogs.

Attempted yesterday and could not, no sir.

Let's see if they change this policy today..........will check and get back to you.

[yisman]

just bet 11 to win 10 for -110 bets and keep it simple instead of trying to do tricky stuff where you are techincally getting better odds because you want the computer to round up. Angle shooting over pennies probably not worth it.

That takes out the concept of bankroll management if you can only bet in certain increments.


RE: underdogs

They allow it for hockey and baseball because that's the main way of betting those sports.

Pretty sure they don't allow it for sports with real spreads, like football and basketball.

[Fishhead]

LOOK....

If I'm opening a book offshore, not screwing my customers by rounding down.............but also not screwing my operation by rounding up.

Simply get software the likes of BETJAM and many others and pay the EXACT AMOUNT.


SIMPLE, CASE CLOSED.

[polskboy]

LOOK.... If I'm opening a book offshore, not screwing my customers by rounding down.............but also not screwing my operation by rounding up. Simply get software the likes of BETJAM and many others and pay the EXACT AMOUNT. SIMPLE, CASE CLOSED.

[geebert74]

LOOK.... If I'm opening a book offshore, not screwing my customers by rounding down.............but also not screwing my operation by rounding up. Simply get software the likes of BETJAM and many others and pay the EXACT AMOUNT. SIMPLE, CASE CLOSED.

Fishy, you are not screwing the customer... They are agreeing to that price... They confirm that is what they are willing to put and and what the payout will be... No one is getting screwed!

[Fishhead]

Fishy, you are not screwing the customer... They are agreeing to that price... They confirm that is what they are willing to put and and what the payout will be... No one is getting screwed!

STOP, tell this to others and see what they say..............I'm not going to argue this with you.


Hundreds on this site will disagree with you and battle you on this subject.




GET ADAQUATE SOFTWARE!!


You're thinking is absolutely absurd, and quite frankly, scary.

[geebert74]

STOP, tell this to others and see what they say..............I'm not going to argue this with you. Hundreds on this site will disagree with you and battle you on this subject. GET ADAQUATE SOFTWARE!! You're thinking is absolutely absurd, and quite frankly, scary.

But people have the choice to play where they want to play... If they don't like it they can leave... That's all I'm saying brother!

[tltaylor89]

ROFL when did +115 become +100 I placed a $5 wager to see what the buzz about $5 @+115 Yields $5.75 last time I checked not $5

[Fishhead]

But people have the choice to play where they want to play... If they don't like it they can leave... That's all I'm saying brother!

.....that's exactly what might happen.

However, is it worth it to lose customers over pennies and nickels?? Perhaps it is for RW, because as was stated by posters earlier, these pennies and nickels add up over time, especially with hundreds of clients losing these pennies and nickels.

Having said that, the majority that play with RW on this forum could care less and will continue to play there.........but there are still numerous posters that will fly the coop because of it.

[prop]

That argument is silly. If Walmart has something priced $1.70 and you get the the check out and they say $2 and you point out their flyer (same as odds before signing in) and the price tag (the price listed when you bet) and it says $1.70 and they say yeah but we don't deal with cents everything is rounded up, would the argument yeah but at least you confirm at the check out counter be valid. What if you bough 60 items at the grocery store and every single one was rounded up, 2 for a dollar sale rings up $2, three for a dollar sale rings up $3, etc.

Yes you can look at the bet and confirm, but it still takes advantage of people who don't realize and the fact it favors them 100% of the time leans to shady business practices and false advertisements then it does some sort of honest mistake. At this point I think anyone reasonable would have to conclude:

REBATE WAGER IS A SHADY COMPANY

That's my take anyways.

[Fishhead]

That argument is silly. If Walmart has something priced $1.70 and you get the the check out and they say $2 and you point out their flyer (same as odds before signing in) and the price tag (the price listed when you bet) and it says $1.70 and they say yeah but we don't deal with cents everything is rounded up, would the argument yeah but at least you confirm at the check out counter be valid. What if you bough 60 items at the grocery store and every single one was rounded up, 2 for a dollar sale rings up $2, three for a dollar sale rings up $3, etc.

Yes you can look at the bet and confirm, but it still takes advantage of people who don't realize and the fact it favors them 100% of the time leans to shady business practices and false advertisements then it does some sort of honest mistake. At this point I think anyone reasonable would have to conclude:

REBATE WAGER IS A SHADY COMPANY

That's my take anyways.

As mentioned, this practice will upset many punters on this site.

[Fishhead]

so you think it might not be ok for football money line dogs ------ the site says "up to +200" for straight bets without specifying any differences among sports . this is important because many like to use free plays on underdogs.


fh, thanks for testing the hockey -- that will be good enough if we can't do it for football

FREEPLAYS cannot be placed on CFB underdog moneylines.........just attempted to do such with Kansas at +130 and not available.

[mtneer1212]

If you bet $100 a game, none of this rounding comes into play........

[Robber]

too bad, hope you can get it reopened

[vitalyo]

Honestly if you are making small bets I don't how you could have this missed this...

DID ANY OF YOU GUYS LOOKED AT THIS PICTURE ???

The numbers scam behind rounding down:

Rounding down can occur when the cents range anywhere from .01 to .99, which makes 99 scenarios out of 100 where the book rounds down (no rounding down on $5.00, $500.00, $5000.00). So, rounding down occurs in 99% of graded wagers.

Now, the next part is the amount that is rounded down. A fair assumption is that the cents from .01 to .99 are evenly distributed, meaning that your payout has an equal chance of ending with .35 as it does with ending with .85, .92, and so on. The median, or middle, of our range of amounts that can get rounded down (.01 to .99) is exactly 49, or .49. This means that on average, 49 cents is rounded down on each payout.

Now, since we know that 99% of payouts are rounded down and that the average amount rounded down is 49 cents, we can expect that the book rounds down, on average, $0.4851 for each payout they make (0.49 x 99%).

Now, how many winning wagers does Rebate Wager experience each day. I have no idea. 100, 500, 1000, 5000, I have no clue. But here are the numbers:

100 - $48.51
500 - $242.55
1000 - $485.10
5000 - $2425.50

This is each day. If we multiply this by a year, we get:

100 - $17,706.15
500 - $88,530.75
1000 - $177,061.50
5000 - $885,307.50

Again, I have no idea how many winning bets Rebate Wager gets a day, but let's be conservative and say it's 500. That means that over the course of the year, Rebate Wager is rounding down/stealing $88,530.75 from legitimate winning bets that should have been paid out to players.

One thing I love about numbers, they don't lie.

Well this 2 posts are hard to argue with !

LOL on top of all this bull shit RW closed his account
Like what the f\*\*k you are talking about . Is this real ?

Gee sorry i can not stop laughing .

[triqy]

Never have a problem with 5dimes rounding down, it might be a software issue here

[HedgeHog]

Now you know how Blackie can brag about all his nice cars and homes. Apparently running a 20-cent shop does net enough profit--he has to shave the change off winning bets, too.

[durito]

cris did this for years

[tltaylor89]

Fuking crooks since when does a $5 wager bring $5 back @+115 odds where's my 75 cent

[Doug]

ROFL when did +115 become +100 I placed a $5 wager to see what the buzz about $5 @+115 Yields $5.75 last time I checked not $5

well you can bet 7 to win 8.05 instead.

I see no reason to not have cents, though !

Parlays will always get screwed. You cant parlay a +165, +151, +102 and make it come out even. You could fiddle with the amount so it ens in .25 or less instead of .75 or more, but that's a PIA.

I could see a credit place or local only paying whole dollars as the desired customer would always play multiples of $100.

RBW's software is just antiquated.

[sharpcat]

JUSTBET does this also

Any player with a brain should not be playing at these $500 max wager shops that round down even on .99 cents, the lower the bet size of the player the more effect it has on the true odds.

Whether you care about the change or not it is an example of a book falsely advertising their lines and any gambler with an ounce of common sense should understand that getting a line of -109 over -110 is the most important thing a gambler can do.

Do not give your money to these crap books if anything just bonus whore them till you get banned, but be conscious and adjust your bets so that you are not the victim.

[forsberg21]

If you bet $100 a game, none of this rounding comes into play........

It does, it comes into play whether you're betting $1, $100, or $1000, a winning payout will always get rounded down. Go to my calculation earlier in this thread where you'll see how much money Rebate Wager is making off this.

[22dsnyd22]

well this is interesting. Guess i can cross out signing up for rebate wager. Only thing i like about Blackies book is the REbate wager whores who cant speak english.

[Mikail]

thanks for sharing this vital info. Pertinant to players considering opening an account or depositing with RW

[Bob Loblaw]

Have any of you won free play in the beat Blackie contest? if so, have you used it to play a money line underdog? did you win the bet? fish said you weren't allowed to use it on moneyline dogs. can this be true????

I tried to do Rangers +120ish in game 1 of the Rays series parlayed with the under and it wouldn't let me. However, I went on live help and they put it in for me.

[hhsilver]

FREEPLAYS cannot be placed on CFB underdog moneylines.........just attempted to do such with Kansas at +130 and not available.

Thanks for checking this. Too bad the site doesn't display rules that make this clear. At least the software stopped you. I was concerned that they let you make the play and then don't pay if it wins.
At phoenix there is a max of +200, but it lets you play a larger one, say +300, but will only pay you for +200 - at least that's what I was told. ( but that's a topic for another thread)

Never have a problem with 5dimes rounding down, it might be a software issue here

of course there is no problem at 5dimes - they, like any other decent book operating with 21st century software, round to the nearest cent - not DOWN to the next dollar.

[Mikail]

nickel and diming the small timer. Reminds me of the government.

[Doug]

so they are old school, not a huge problem. It's their business to run as they desire. I just suspect they don't really want small players. As long as they pay ** free ( for depositers) they have something rare there. They aren't quite Betjamaica....doesn't mean they are crooks.

[Cookie Monster]

JUSTBET does this also

I am absolutely sure that Justbet keeps count on the cents. Looks like it always is rounded down, but when you have $10.51 balance, it shows $11. It does not let you bet $11 ("your bet of $11 exceeds your current balance of $11" LOL).

[tltaylor89]

Rounding down has become as unpopular as the Bush Presidency.

[michael777]

Rounding down has become as unpopular as the Bush Presidency.

rounding down has become as unpopular as obamas presidency