#1
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neteller cash giveaway
neteller give away cash every month. to sign up you need an account and neteller points which im not sure how to get.
anyway today i signed up for the weekly draw for 500$ cash. it cost 1k in points and there were 13005 entrants and i think this gave the biggest payout/odds. anyone know how to calculate this or if i was right? monthly prize buyin- 5000pts payout- 3000$ players- 116034 bimonthly buyin- 2500pts players- 41000 payout- 1000 weekly buyin- 1000pts players 13005 payout- 500$ |
#2
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Re: neteller cash giveaway
Ok,
let's assume there are no more entries and all 3 draws are done today - Assuming you'd be spending 5000 points (5 weeklys, 2 bi-weeklys or 1 monthly) approximate EV of each of the draws is: monthly: 1/116k * $3000 approx 25cents biweekly: 2/41k * $1000 approx 5cents weekly: 5/13k * $500 approx 19cents I recall doing this calculation a while back and it was roughly a toss-up between monthly and weekly - i always buy the weeklys though - because i really really want to win, even if it's just $500. |
#3
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Re: neteller cash giveaway
I agree with your calculation except I think you missed a zero on the Monthly, it should be 2.5 cents, not 25 cents.
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