EV in slots

[Rev. Good Will]

I am gonna casinowhore in Starluck casino pretty soon, until I got an email from them...

[ QUOTE ]
Dear Player,

A never before offer for you! Use bonus code SL200* when you make your first deposit to get a 200% match bonus up to $100 . Feel free to contact me in case you have any queries or concerns about opening an account with us.

Have a great day!

William Carter
Casino Manager,
Starluck Casino Online.

*Players have to wager 15 times the deposit and bonus before requesting any cashouts. Wagering valid on Slots only. Standard terms & conditions apply.

[/ QUOTE ]

I was gonna go with the original 100% match bonus and clear it via BJ, but this caught my attention. They have a bunch of random 3 reel and 5 reel slot machines, so my questions are these:

1 - How much more of an edge does the house have here usually?

2 - being I am being matched %200 for playing only slots(clear that after wagering 15x deposit bonus), would I gain more of a profit than doing %100 via blackjack(I would have to clear this by doing 8x deposit bonus)?

thanks in advance

[tomdemaine]

slot HA 3-10% BJ HA 0.5% I'm pretty sure that BJ is the most profitable and that it's not even close /images/graemlins/smile.gif

[crazy canuck]

Even if slots would have better EV than BJ, you should still go with BJ becasue the variance in slots and video poker is huge.

[Iceman]

[ QUOTE ]
I am gonna casinowhore in Starluck casino pretty soon, until I got an email from them...

[ QUOTE ]
Dear Player,

A never before offer for you! Use bonus code SL200* when you make your first deposit to get a 200% match bonus up to $100 . Feel free to contact me in case you have any queries or concerns about opening an account with us.

Have a great day!

William Carter
Casino Manager,
Starluck Casino Online.

*Players have to wager 15 times the deposit and bonus before requesting any cashouts. Wagering valid on Slots only. Standard terms & conditions apply.

[/ QUOTE ]

I was gonna go with the original 100% match bonus and clear it via BJ, but this caught my attention. They have a bunch of random 3 reel and 5 reel slot machines, so my questions are these:

1 - How much more of an edge does the house have here usually?

2 - being I am being matched %200 for playing only slots(clear that after wagering 15x deposit bonus), would I gain more of a profit than doing %100 via blackjack(I would have to clear this by doing 8x deposit bonus)?

thanks in advance

[/ QUOTE ]

($100 deposit + $200 match)*15 = 4500. At 5% to 10% house advantage, you would only clear the $200 bonus at a cost of $225 to $450. If they have a slot with a 3% house advantage, you'd have an expected win of $200-$135=$65, but the variance may be so large that you could have a very small chance of actually winning anything (if much of the EV comes from a very rarely hit jackpot). An online casino should tell you what their return rate is on different games - in slots this would be fairly accurate since it doesn't depend on how well people play (the return rate on blackjack is often far below the theoretical house advantage).

($100 deposit + $100 match)*8 = 1600. At a .4% house advantage from basic strategy, you'd have an expected win of $100-$64=$36.

[fluff]

[ QUOTE ]
($100 deposit + $100 match)*8 = 1600. At a .4% house advantage from basic strategy, you'd have an expected win of $100-$64=$36.

[/ QUOTE ]

.4% * 1600 = 6.4.

EV = 100 - 6.4 = 93.6