Re: What am I missing (casino bonus question)
Thanks. I missed that part of the T&C. On the other hand, I knew there had to be some kind of catch.
Their T&C do say that once I take any money out of the bonus account, I will lose their $100, so I believe it is a sticky type 1.
All in all, this bonus kinda sucks. The 6000 WR will cost me somewhere between 20 and 30 dollars on my deposit.
If we set a target at 400 (win 300) on the bonus, we have a ROR of 0.75. Assuming we do this with large bets, our EV is going to be 300/4 = 75 But, we still have the 6K WR on the bonus, which will give up aonther 20-30 dollars to the house.
So now it looks like this promotion is not even very good to start. Using a target of 400 only give an EV of 75 minus the HA on 12K of BJ.
Not good.
Jim
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