Neteller NETpoints EV sweepstakes EV Question

[daryljobe777]

I currently have 170077 Netpoints on Neteller.

The following offers are availible:
Weekly draw for $500, which costs 1000 to enter, with 39302 currently entered (drawing on 12-12).
Bi-Weekly draw for $1000, which costs 2500 to enter, with 34869 currently entered (drawing on 12-12).
or the monthly draw for $3000, which costs 5000 to enter, and has 25260 currently entered (drawing isn't until 12-31).

You can enter each multiple times.

So tell me, where should I "invest" these netpoints to increase my maximum expectation to win?

[meow_meow]

Here is how it shapes up, were the draws held with the current number of entrants:

EV will by quoted in milli-cents/netpoint

weekly: 1.27 mc/np
bi-weekly: 1.14 mc/np
monthly: 2.38 mc/np

Of course all these values will decrease as more people enter the draw, the monthly draw is farthest away so....

[playersare]

we can simplify the formula a little by assuming that there will be roughly the same number of entries for each drawing. then it's just a matter of dividing the prize amount by the number of netpoints required to enter.

weekly $500 divided by 1000 netpoints = 0.5 each
bi-weekly $1000 divided by 2500 = 0.4 each
monthly $3000 divided by 5000 = 0.6 each

so unless there is a significantly greater number of entries for the monthly $3000 over the weekly $500, then your highest theoretical "EV" per netpoint is with the monthly draw.

but considering there is only one prize per drawing out of 40000 or so entries each time, this really isn't something you need to put a lot of thought into to begin with.

[Ponks]

Ahh sweet, looks like they started the giveaways up again. These were down for a few months right? I think it would be wise to save your points for now as many people might be spending all they saved up the past few months. If the giveaways have been going on for this past few months then ignore that, but I remember trying to enter a few weeks ago and not being able to. I've got over a million netpoints to burn, I think I'll save them for a little bit.

Ponks

[LLXC]

Yea the giveaway dates were wrong and they were stuck in August.

[Ponks]

So have they still been going on since August?

Ponks