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Old 09-08-2005, 11:42 PM
Hawklet Hawklet is offline
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Join Date: Jun 2005
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Default Bodog\'s Casino Bonus

Okay so Bodog offers a 20% deposit bonus on every deposit. But to clear it at the casino you need to wager 20x the deposit and the bonus.

Their craps game has a .606% house advantage with optimal strategy.

So if you deposit 100 dollars, you get a 20 dollar bonus and must wager 2400 to clear it. So 2400 * .99394 return ~ 2385. So you keep 5% of your bonus.

The bonuses are infinite. Is my math wrong? How can they offer this without being exploited?
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Old 09-08-2005, 11:58 PM
AcmeSalesRep AcmeSalesRep is offline
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Join Date: Aug 2004
Posts: 25
Default Re: Bodog\'s Casino Bonus

[ QUOTE ]
Okay so Bodog offers a 20% deposit bonus on every deposit. But to clear it at the casino you need to wager 20x the deposit and the bonus.

Their craps game has a .606% house advantage with optimal strategy.

So if you deposit 100 dollars, you get a 20 dollar bonus and must wager 2400 to clear it. So 2400 * .99394 return ~ 2385. So you keep 5% of your bonus.

The bonuses are infinite. Is my math wrong? How can they offer this without being exploited?

[/ QUOTE ]


You keep 25% of your bonus (assuming your Deposit, Bonus, WR and HA numbers are correct)...so it is better than you first posted. I suspect they will pretty quickly ban you if you "abuse" the bonus by depositing, playing the minimum, and withdrawing...then repeating over and over.

Acme
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  #3  
Old 09-08-2005, 11:58 PM
ctv1116 ctv1116 is offline
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Join Date: Dec 2003
Location: Princeton, NJ
Posts: 124
Default Re: Bodog\'s Casino Bonus

They don't let you withdraw and redeposit. Also, usually if you are a net winner, they won't let you redeposit. Basically, you can make a few dollars, but don't expect to hit it up for thousands upon thousands.
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