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Old 11-05-2004, 05:11 PM
moondogg moondogg is offline
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Join Date: Oct 2003
Posts: 145
Default Re: Free casino money

[ QUOTE ]
"Deposit - $200
Bonus - $200
Wagering Requirement - $1000 (5 times deposit!)
EV is almost the full $200, maybe $197 or so. Will take you an hour at most with $5 bets."

thanks for the info, Homer, but i'm afraid i don't understand this

are you saying you make 200 $5 bets and you are likely to still have $397 to withdraw?

[/ QUOTE ]

Likely ain't got nothing to do with it. $397 is just the least-unlikely.

On average, if the house edge was .5% (which is an simplistic over-estimate, it is definitely lower), you should expect to lose $5 over the course of wagering $1000. The fact that your wagering $5 per hand instead of $1 does not lower your EV, it just raises your variance.

When you draw to a flush, you're not likely to make it. The results in a single instance are irrelevant.
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