Bodog's Casino Bonus

[Hawklet]

Okay so Bodog offers a 20% deposit bonus on every deposit. But to clear it at the casino you need to wager 20x the deposit and the bonus.

Their craps game has a .606% house advantage with optimal strategy.

So if you deposit 100 dollars, you get a 20 dollar bonus and must wager 2400 to clear it. So 2400 * .99394 return ~ 2385. So you keep 5% of your bonus.

The bonuses are infinite. Is my math wrong? How can they offer this without being exploited?

[AcmeSalesRep]

[ QUOTE ]
Okay so Bodog offers a 20% deposit bonus on every deposit. But to clear it at the casino you need to wager 20x the deposit and the bonus.

Their craps game has a .606% house advantage with optimal strategy.

So if you deposit 100 dollars, you get a 20 dollar bonus and must wager 2400 to clear it. So 2400 * .99394 return ~ 2385. So you keep 5% of your bonus.

The bonuses are infinite. Is my math wrong? How can they offer this without being exploited?

[/ QUOTE ]


You keep 25% of your bonus (assuming your Deposit, Bonus, WR and HA numbers are correct)...so it is better than you first posted. I suspect they will pretty quickly ban you if you "abuse" the bonus by depositing, playing the minimum, and withdrawing...then repeating over and over.

Acme

[ctv1116]

They don't let you withdraw and redeposit. Also, usually if you are a net winner, they won't let you redeposit. Basically, you can make a few dollars, but don't expect to hit it up for thousands upon thousands.