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Old 10-26-2005, 09:18 AM
jman220 jman220 is offline
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Join Date: May 2005
Location: No Poker Sept-May
Posts: 822
Default Re: Sticky Bonus Question (BJ)

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So why even bother with them then? They trap you into playing their stuff and the $300 is completely meaningless, since they take it back anyway.

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Caveat: What I am about to describe is not the best EV way to play a sticky bonus, check Bwhores for a better explanation.

The reason why a non-cashable bonus is still +EV is because, for example, you deposit $100, you get a $300 Bonus. You wager it all on one hand of, lets say blackjack. (don't actually do it this way). If you win that hand of blackjack, You win $400. If you lose that hand of blackjack, you lose $100. Just to keep the numbers simple, lets assume without being able to double down or split, the HA in blackjack is 2 percent. So after you complete a 4x WR, you would have $368. So You're getting paid almost 4:1 on an almost 50:50 shot. +EV.
The actual way you should play a sticky is more complicated, becausee by betting it all on the first hand, you eliminate the ability to double down or split, which increases the HA, so you do a go bust or hit a target approach, the proper way which is outlined on bwhores.
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