Casino Whoring -- King Solomon's

[Homer]

King Solomon's is currently offering a $100 for $100 bonus to new players who sign up through the Wizard of Odds website. It is a very low risk whore, as it has a low wagering requirement and the best non-restricted game has a low house advantage (lower than blackjack) and low standard deviation (slightly higher than blackjack).

The wagering requirement is $3000 and should be cleared using Pontoon, which has a very low house edge of 0.17% (and is a fun game as well). King Solomon's gives 0.10% cashback (you must cash your points in after you finish playing, through the cashier), so the total house edge is a ridiculously low 0.07%.

The expected value of the bonus is $97.90 ($100 - .0007*$3000), and the standard deviation with $2 bets is $111.54, which makes the probability of breaking even or better 81% (this is N(97.90/111.54)). With this bet size, you can clear the bonus in 2-2.5 hours, so your hourly rate will be approximately $43.50.

If you choose a higher bet size, your hourly rate will be higher, but so will your standard deviation. For example, for a $5 bet size, the hourly rate increases to $108.75, but the standard deviation also increases, to $176.36, reducing the probability of breaking even or better to 71%.

-- Homer

[fluff]

The wagering requirement for blackjack based games (which includes Pontoon) is double that (30 x D+B), so $6000.

Still profitable, but changes (reduces) the chances of breaking even.

[Homer]

[ QUOTE ]
The wagering requirement for blackjack based games (which includes Pontoon) is double that (30 x D+B), so $6000.

Still profitable, but changes (reduces) the chances of breaking even.

[/ QUOTE ]

I only had to play 15X with Pontoon.

[Thythe]

[ QUOTE ]
[ QUOTE ]
The wagering requirement for blackjack based games (which includes Pontoon) is double that (30 x D+B), so $6000.

Still profitable, but changes (reduces) the chances of breaking even.

[/ QUOTE ]

I only had to play 15X with Pontoon.

[/ QUOTE ]

Does this type of software tell you when you have completed, or do you know you only had to play 15X because they allowed the cash out?

[Phishy McFish]

Welcome Bonus

New players, make your first deposit of up to $100 on the all new King Solomon’s Casino and we’ll match it!





How to claim your bonus:
1. Open your new account.
2. Visit the cashier in the casino and input code MBB100 before purchasing.
3. Your account will be credited automatically
Please note, you must wager 15 times the value of your purchase and deposit before cashing out.

[Chah Ngo]

Thanks once again Homer.
Any cash-out hassles? I am guessing the place is OK if it is on the wizard of odds site.

[bwana devil]

Terms and Conditions

[ QUOTE ]
5. In claiming any bonus offer from the Casino, the player agrees to wager a minimum of fifteen times the value of the purchase during the promotional period in order to qualify for the bonus, as well as fifteen times the value of the bonus credited prior to making any cash-in. The bonus itself may not be cashed in. For example: If you wish to partake in a $200 free for $200 purchase, you must wager $3,000 before being credited with the bonus and a further $3000 before cashin in. Risk free wagers and the games War and Craps will not count towards meeting the minimum wagering requirements. Blackjack (all Blackjack games) count only half. Additional wagering requirements may be imposed by the casino without prior notice in relation to any specific promotional offer.

[/ QUOTE ]

Just want others to see so they know what they're buying.

[Phishy McFish]

[img]/images/graemlins/confused.gif[/img]

[Thythe]

Come back with more info Homer! I want to jump on this one as fast as possible if it's good.

[Thythe]

In other news, I'm now a veteran, woohoo!