Gamesgrid 1000% +EV for them?

[cwes]

I am used to rejecting offers that sound too good.

That 1000% bonus sounds a little too good to just reject it, so I thought twice about it.

You need 5 FPPs to earn $1. Let's have a look at the worst case scenario for them:

10-player table, minimum rake generated for each of the following fractions of an FPP:
0.25 FPP ~ $0.5 rake: They have to pay 10 * (0.25 FPP) * ($1/5FPP) = $0.50, hence they break even
0.50 FPP ~ $1.0 rake: They have to pay 10 * (0.50 FPP) * ($1/5FPP) = $1.00, hence they break even
0.75 FPP ~ $2.0 rake: They have to pay 10 * (0.75 FPP) * ($1/5FPP) = $1.50, hence they earn $0.50
1.00 FPP ~ $3.0 rake: They have to pay 10 * (1.00 FPP) * ($1/5FPP) = $2, hence they earn $1.00

Now considering that pots will be raked higher than the minimum needed for an FPP fraction on average and that they will have interest on the deposits, this offer sounds legitimate to me.

Am I missing some point? I wouldn't like to put $500 into some pyramid scheme.

Thanks for your input.

[playersare]

the gamesgrid tables are 9-max, so they're guaranteed to make money on the bonus.

[fnord_too]

Game selection is poor (not from a toughness standpoint, there just are not many tables going). The bonus clears, IIRC, at about $5/table hour at 3/6 and up limit tables, but it seems like the rock garden is loosening up some (maybe) so that may be increasing. (I occasionally still sit there when there is a game at the limits I like open, and when I look in the lobby average pots are up to 5-7BB rather than the 2-3 they were a couple of months ago).

I don't know if they make money or not with their bonuses and VFP program in place, but they are trying to build a clientele, and it is a tough market to penetrate. I seriously doubt I will clear my bonus, but I have had no problem seeing it show up in my account and no problem cashing out.

(When you could make $12/hour from the VFP program playing the 5/10 DC games, and they had 3+ 5/10 DC games going a night, and were picking up ~$5/hour from bonus clearing, that was way worth it.)

[theblitz]

I tried www.gamesgrid.com but the site doesn't seem to exist.

So, either I have the wrong URL (which I don't think I have because it appears on other sites) or the bonus really WAS too good to be true.

[Photoc]

Your link works fine.

[theblitz]

Not for me.
I tried it in both Firefox and IE.

Can't even ping it.

Weird.

[playersare]

[ QUOTE ]
Your link works fine.

[/ QUOTE ]

[threeonefour]

Its no pyrimid scheme... I've made thousands off the site and YOU CAN TOO!

[wmspringer]

Works fine for me in Mozilla

[theblitz]

Just managed to get it to work for me too.

Sort of comes and goes.