Check my Math

Hi guys,

There is a site offering 100% match play up to $250.
If i deposit 250 i would play with 500. 40x wagering = 20K
20K multiply lets say 0.5% house edge in JOB = 100 dollar loss
Would leave me with 400$- 250 original money i started for $150 profit

Does this sound like a good deal if my math is right.

Thanks

Quote: timchuk

Hi guys,

There is a site offering 100% match play up to $250.
If i deposit 250 i would play with 500. 40x wagering = 20K
20K multiply lets say 0.05 house edge in JOB = 100 dollar loss
Would leave me with 400$- 250 original money i started for $150 profit

Does this sound like a good deal if my math is right.

Thanks

I hope you mean 0.5% HE, then yes, you'd expect to lose $100 of the $500 starting money, ending with $400, for a profit of $150. $150/20,000 = 0.0075 = 0.75% advantage. So in that sense, it is a good deal (not something awesome, though). Unfortunately, it's going to be difficult to cycle through $20,000 of coin-in on only $500 of playing money.

Hi Tim,
If it's 40x(Deposit+Bonus) = 40x(250+250)=20,000
Expected loss=20,000x0.005=100 : But as RS pointed out, there's a good (bad) chance that you will be wiped out before being able to do that.

$150 is not a huge amount of money for having to spend the time to wager $20k. If I were you, I'd bet a percentage each time (say 5% of rolling bankroll) That would give you the opportunity of losing quickly or multiplying your bankroll significantly. It would be a pity to bet small and bobble about $400 and then to lose it all over the last few minutes of play.

Check out all the small print: It's often pretty evil with betting requirements. Look to see whether there is a multiplier for your game of choice. Also look to see if they cap the amount of any potential winnings from the bonus. You'll probably find that you cannot withdraw one cent until wagering requirements have been met (maybe even if you lose it all!!!)

Thanks guys. If they add a loyalty program of 1 point per 10 dollars 100 points = 1 dollar does that help it seems not very much. Their VIP would double to 2 dollars if i play lots

Quote: timchuk

Thanks guys. If they add a loyalty program of 1 point per 10 dollars 100 points = 1 dollar does that help it seems not very much. Their VIP would double to 2 dollars if i play lots

that is equivalent to a 0.1% reduction in house edge. Sounds like 888 casino?

bodog