At higher stakes, how much EV are bonuses?

[adamstewart]

I can't remember the last time I received a bonus, much less went chasing after one.


Someone correct me if I'm wrong here:

Let's say a person plays $10/$20 SH, and has a rakeback deal about 30%. From my calculations this works out to an average of roughly 8.8 cents per hand.


Now let's say Party offers a "$100 bonus for playing 7x in raked hands."

Now at $10/$20 SH, I've calculated that roughly 83% of the hands played are raked. Therefore, one would have to play around 850 hands in order to have 700 "raked" hands.

850 hands x $0.088 in rakeback would have equaled just under $75.

Therefore the $100 bonus has given us an edge of $25 over 850 hands. (Remember that rakeback is not earned for those hands that count towards bonuses, at least that's my understanding).

For me, 3-tabling would take me just under 3.5 hours to play those 850 hands.

Therefore the bonus has given me an additional $7.14 per hour over the course of those 3.5 hours.

Of course we also have to figure in the time and energy spent chasing such bonuses, and theorectically deduct this from the extra income rate.


All in all, I wonder how much EV actually comes from these bonuses? At the even higher stakes, the EV would be even less....



Adam