so Bovada has a $3,000 sign up bonus. They also charge a 4.9% credit card fee if I'm not mistaken (I haven't deposited yet).
"The chip purchase plus bonus amount is subject to a 40X rollover requirement in the casino before the chip purchase, bonus amount and any winnings can be withdrawn."
"Any play in Single Deck Blackjack, Double Deck Blackjack, Baccarat, Sic Bo, Craps, Roulette and Mini Blackjack and Mini Roulette in our Sportsbook and Racebook does not count towards meeting rollover requirements for withdrawal."
Bovada has a .56% house edge 6 deck game, so if you put on 1000 dollars and paid 49 bucks in credit card fees, played 40k through the game you would expect to lose 212 dollars, plus the 49 in fees for an expected loss of 261 to get the 1000 bucks. Is there some fine print somewhere where they would stop this from working?
You could also do 9/6 JoB for an expected loss 233, but your risk of ruin would be higher. Does anyone know of a better way to play it, or know of anyone who has done this?
I'm not 100% sure the exact rules for the New players bonus. But be careful because many promotions exclude Single and Double deck
This promotion is over, however heres an example.
Blackjack Sundays ("Promotion") runs every Sunday between 00:00:01 AM ET and 11:59:59 PM ET ("Promotional Day"). This promotion will end on October 6, 2013 at 11:59:59 PM ET.
$21 Cash Bonus
To qualify for the $21 Cash Bonus Blackjack players need to hit at least one Blackjack hand with a minimum bet of $5 per hand during the promotional day.
Blackjack is defined as a combination of any ace card plus one face card (ten, jack, queen, king) dealt in the player’s first two cards. Single Deck and Double Deck Blackjack are excluded from the Promotion.]
Maximum total amount of Cash Bonus credited per player per Sunday is $21.
Players' $21 Cash Bonus will be credited directly to the qualifying players' account as e-Cash within 48 hours after the end of each Sunday within the promotional period. The Cash Bonus has a 20X rollover requirement on casino games and any play in Single Deck and Double Deck Blackjack, Baccarat, Sic Bo, Craps, and Roulette does not count toward meeting rollover requirements for withdrawal.]
$2,100 Weekly Prize
To qualify to receive an entry to the weekly prize draw you must hit a Blackjack with a minimum bet of $5 per hand during the promotional day.
There is no limit of entries a player can receive.
The winner of the draw will be notified by phone within 48 hours of the time the promotional day has ended.
The winner of the weekly prize will be offered $2,100 in Cash with no rollover restrictions attached.
The weekly prize is non-transferable.
By accepting the weekly prize, the winner agrees to have their name published on www.bovada.lv, and to carry out any reasonable publicity requests of www.bovada.lv, in connection with the winning of the weekly prize.
General Terms and Conditions
The general rules and policies of www.bovada.lv found here shall also apply to this Promotion.
www.bovada.lv has the right to cancel or withdraw the Promotion or change any of its terms at any time and without cause or notice.
If you have any questions regarding the Promotion, please contact email@example.com.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪