Does Rebatewager round all bets down?

**tltaylor89** · 10-13-10, 06:40 PM

Fishhead would you fuk a video poker machine if it gave you lifetime comps?

**Fishhead** · 10-13-10, 06:41 PM

Originally posted by tltaylor89

Fishhead would you fuk a video poker machine if it gave you lifetime comps?

No

Comps are not a problem for me when I live in Vegas....which I will be doing again very shortly.

**tltaylor89** · 10-13-10, 06:42 PM

I will be moving soon a well.

**Dad** · 10-13-10, 06:43 PM

Originally posted by tltaylor89

Fishhead would you fuk a video poker machine if it gave you lifetime comps?

Maybe this one.

**yisman** · 10-13-10, 06:45 PM

Originally posted by Fishhead

Yisman, I was a contest/bonus whore before your were out of the 3rd grade........get a clue pal.

I said nothing about bonus whoring. That was taylor. Get your posters straight.

**wrongturn** · 10-13-10, 06:46 PM

They are very generous on rounding up contest winnings so I will give them the benefit of doubt and hope they fix the software very soon.

**jjgold** · 10-13-10, 06:47 PM

Originally posted by Fishhead

RW is slipping a tad JJ...........admit this.

You don't have to, but this will show in the upcoming addition of the FH USA RANKINGS.........by how much?.........stay tuned.

They are still a very good book to have for many here..........

Fishler they have always had software the rounds, this is nothing knew and every player knows it

I will personally call Blackie and see if they can upgrade software so there is no more rounding

**Extra Innings** · 10-13-10, 06:49 PM

bubble gum operation

**Fishhead** · 10-13-10, 06:50 PM

Originally posted by jjgold

Fishler they have always had software the rounds, this is nothing knew and every player knows it

I will personally call Blackie and see if they can upgrade software so there is no more rounding

This is but one SMALL negative that may force them down a notch in the rankings for this coming week.

Again, RW is still a shop that should spark some positive interest with most U.S. punters.

**hhsilver** · 10-13-10, 07:23 PM

Originally posted by Fishhead

RW has cut my limits in half............(as if they were a lot anyways at $500).

They also been late putting up numbers.

The freeplays won in the BLACKIE contest cannot be used on underdog moneylines.

Cents rounded down???....geesh.

RW will in all liklihood be dropping in the next addition of the FH USA RANKINGS.

FH,

Are you saying they have a rule for the free play from the Blackie contest that differs from the free play rules posted on the site?
This is on the site - I saw no special case from the Blackie contest.

"Free play bonus is limited to Straight Wagers, 2 Team Parlays and 2 Team Teasers only. Moneyline wagers are limited to +200. No Futures or Prop bets. "

Are you sure about no moneyline underdogs at all. The site says up to +200.
If what you say is true, SBR needs to look into this as well as the rounding thing.

Back to the original topic of the thread : not being able to handle cents certainly makes them look bush league and always rounding down amounts to theft.

**minet123** · 10-13-10, 07:26 PM

OMG
A thread about Change
Change
Yes I know it all adds up
RW give 50% back on losses and although I agree with uncle Richie "If your worried about rebates you should not be gambling"
Still
Change
Fishy,sponsey,Rich,Brock
Remember when they rounded all $25 to $30
Come on Freaking change

**Slim** · 10-13-10, 07:28 PM

Blackie is a crook. If you watched that movie Office Space you know all that change adds up.

**pokernut9999** · 10-13-10, 07:36 PM

My only experience with this is when I bet horses .

If the payout was 87.80 I was credited $87 , if the next race paid 64.30 I was credited $65.

I have never been shorted in over 2 1/2 years playing with them.

**pokernut9999** · 10-13-10, 07:40 PM

Originally posted by minet123

OMG
A thread about Change
Change
Yes I know it all adds up
RW give 50% back on losses and although I agree with uncle Richie "If your worried about rebates you should not be gambling"
Still
Change
Fishy,sponsey,Rich,Brock
Remember when they rounded all $25 to $30
Come on Freaking change

You have to remember this is SBR where kids cry about points and even stiff points.

Most only have points and contest winnings to play with anyway.

A bunch of attenion whores on this site.

**WvGambler** · 10-13-10, 07:46 PM

Originally posted by tltaylor89

Fishhead would you fuk a video poker machine if it gave you lifetime comps?

Where's this poker machine?

**Doug** · 10-13-10, 08:57 PM

I don't see RBW aiming to screw their clients, they just might have some old software, or only want clients that will bet a -117 for multiples of 117/100 instead of fractions of it. Still, it should pay properly, IMO.

Change will still be kept in parlays, though !

It is 2010, not 1969....pay the cents.

**big joe 1212** · 10-13-10, 09:00 PM

Originally posted by Doug

I don't see RBW aiming to screw their clients, they just might have some old software, or only want clients that will bet a -117 for multiples of 117/100 instead of fractions of it. Still, it should pay properly, IMO.

Change will still be kept in parlays, though !

It is 2010, not 1969....pay the cents.

Almost impossible because my limits are only $100, I'd have to bet the max on every game to never get ripped with the rounding.

**Doug** · 10-13-10, 09:15 PM

You could bet so as the rounding has minimal effect, like $94 or whatever results in a payout just over an even amount ( I left ny calculator upstairs).

If Blackie is limiting you to $100....I guess you're too sharp for him ? Take it as a compliment, I guess ?

I don't know what to make of your $100 limit ?

**jjgold** · 10-13-10, 09:22 PM

Old school books do not like really stuff like this

11.23 to win 10.29

**Sam Odom** · 10-13-10, 09:25 PM

Someone at RW closed my acct shortly after a semi-heated SBR Forum discussion I had w/Blackie over 3 leg baseball parlays

Remember?

**Doug** · 10-13-10, 09:28 PM

Originally posted by jjgold

Old school books do not like really stuff like this

11.23 to win 10.29

Why does this gut get a $100 limit, JJ ? That is not Cool .

**Sam Odom** · 10-13-10, 09:28 PM

Originally posted by Sam Odom

Someone at RW closed my acct shortly after a semi-heated SBR Forum discussion I had w/Blackie over 3 leg baseball parlays

Remember?

Search found it:

SBR Forum - Sports Betting Talk - Sportsbook Review Forum

http://forum.sbrforum.com/players-talk/477685-rebatewager-blackie-smart-afraid.html

Sports betting and handicapping forum: discuss picks, odds, and predictions for upcoming games and results on latest bets.

5 months ago this week

**70kgman** · 10-13-10, 09:30 PM

This sounds familiar...

**rm18** · 10-13-10, 09:37 PM

they round up feeplays even when over $10, I had 14 something and they gave me 15

**forsberg21** · 10-13-10, 09:44 PM

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.

**Sam Odom** · 10-13-10, 10:16 PM

Originally posted by forsberg21

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.

OMG

**LVHerbie** · 10-13-10, 10:49 PM

Originally posted by Fishhead

RW has cut my limits in half............(as if they were a lot anyways at $500).

They also been late putting up numbers.

The freeplays won in the BLACKIE contest cannot be used on underdog moneylines.

Cents rounded down???....geesh.

RW will in all liklihood be dropping in the next addition of the FH USA RANKINGS.

I deposited there last week and got a freeplay and didn't check anything but the rollover but have since found out these are their rules...

<< Free play bonus is limited to Straight Wagers, 2 Team Parlays and 2 Team Teasers only. Moneyline wagers are limited to +200. No Futures or Prop bets. >>

Has to be the worse rules for freeplays I've ever seen and you would have to work pretty hard to get more then 2/3rds return on these... Between this and their vanilla lines, late lines, low limits and limited offering I can't see much value in playing there...

As for the rounding I noticed this when I first started playing there and quickly started making bets that insured whole numbers on both sides... Anyone betting small amounts is going to killed unless they do this...

The reason (I'm guessing) that they don't round up or down is that you could make juice free bets by betting small enough (you could do this for awhile at SBR's book before they started calculating fractions of a point... Obviously the fact that it was points made it not worth the effort)...

**kmarinouofm** · 10-13-10, 10:50 PM

lol.. i want to see you guys take 3.71 over to a window in vegas and lay it on the yankees at -136

**LVHerbie** · 10-13-10, 10:54 PM

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

**LVHerbie** · 10-13-10, 10:57 PM

Originally posted by kmarinouofm

lol.. i want to see you guys take 3.71 over to a window in vegas and lay it on the yankees at -136

If you have large enough minimums it shouldn't be a problem... If you are willing to take small bets (like most offshores do online) I can't see it as much more then taken advantage of small recreational bettors...

**EmpireMaker** · 10-13-10, 11:06 PM

JJ shill for RebateWager

Fishhead Shill for Matchbook

**22dsnyd22** · 10-13-10, 11:09 PM

Nice Explanation JJ. Didnt know all old school books used to not account for cents. It is 2010 though now. Why not make everything as user friendly as possible so ppl know exactly what they are wagering and what they are eligible to win. Seems like the thing to do when competing with a bunch of other sportsbooks. Why be old school in a new school era. .........Personally I probably what I have never even realized this was happening.

**Kaabee** · 10-13-10, 11:11 PM

once i logged into my betjam account and the balance for some reason showed all the decimal places that they keep, it was like .666666666667 for the cents

**THEGREAT30** · 10-13-10, 11:11 PM

Wow, I don't know if it's even worth complaining anymore. I like the DC concept but that may be it. Still willing to give them a shot

**bookie** · 10-13-10, 11:22 PM

Originally posted by BigDaddy

so maybe we need to word these contests better that players that don't deposit need not enter.

I have argued for this for a long time. The marketing people say you have to seem to offer something for nothing or players will go somewhere else that seems too. But there's a big class of bettors who deposit $200 someplace and lose it on $20 bets and then spend the rest of the year trying to run up free plays. They're pretty sophisticated in their own way, and in 2010 they outnumber the guys who will take a free play, like the action, and decide to make a deposit.