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  #1  
Old 08-04-2005, 10:09 AM
cwes cwes is offline
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Join Date: Mar 2005
Location: Kiel, GER
Posts: 20
Default Gamesgrid 1000% +EV for them?

I am used to rejecting offers that sound too good.

That 1000% bonus sounds a little too good to just reject it, so I thought twice about it.

You need 5 FPPs to earn $1. Let's have a look at the worst case scenario for them:

10-player table, minimum rake generated for each of the following fractions of an FPP:
0.25 FPP ~ $0.5 rake: They have to pay 10 * (0.25 FPP) * ($1/5FPP) = $0.50, hence they break even
0.50 FPP ~ $1.0 rake: They have to pay 10 * (0.50 FPP) * ($1/5FPP) = $1.00, hence they break even
0.75 FPP ~ $2.0 rake: They have to pay 10 * (0.75 FPP) * ($1/5FPP) = $1.50, hence they earn $0.50
1.00 FPP ~ $3.0 rake: They have to pay 10 * (1.00 FPP) * ($1/5FPP) = $2, hence they earn $1.00

Now considering that pots will be raked higher than the minimum needed for an FPP fraction on average and that they will have interest on the deposits, this offer sounds legitimate to me.

Am I missing some point? I wouldn't like to put $500 into some pyramid scheme.

Thanks for your input.
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  #2  
Old 08-04-2005, 10:38 AM
playersare playersare is offline
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Join Date: Nov 2004
Posts: 708
Default Re: Gamesgrid 1000% +EV for them?

the gamesgrid tables are 9-max, so they're guaranteed to make money on the bonus.
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  #3  
Old 08-04-2005, 12:20 PM
fnord_too fnord_too is offline
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Join Date: May 2004
Location: Norfolk, VA
Posts: 672
Default Re: Gamesgrid 1000% +EV for them?

Game selection is poor (not from a toughness standpoint, there just are not many tables going). The bonus clears, IIRC, at about $5/table hour at 3/6 and up limit tables, but it seems like the rock garden is loosening up some (maybe) so that may be increasing. (I occasionally still sit there when there is a game at the limits I like open, and when I look in the lobby average pots are up to 5-7BB rather than the 2-3 they were a couple of months ago).

I don't know if they make money or not with their bonuses and VFP program in place, but they are trying to build a clientele, and it is a tough market to penetrate. I seriously doubt I will clear my bonus, but I have had no problem seeing it show up in my account and no problem cashing out.

(When you could make $12/hour from the VFP program playing the 5/10 DC games, and they had 3+ 5/10 DC games going a night, and were picking up ~$5/hour from bonus clearing, that was way worth it.)
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  #4  
Old 08-04-2005, 01:28 PM
theblitz theblitz is offline
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Join Date: Sep 2004
Posts: 51
Default Re: Gamesgrid 1000% +EV for them?

I tried www.gamesgrid.com but the site doesn't seem to exist.

So, either I have the wrong URL (which I don't think I have because it appears on other sites) or the bonus really WAS too good to be true.
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  #5  
Old 08-04-2005, 01:31 PM
Photoc Photoc is offline
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Join Date: Sep 2004
Location: Sin City
Posts: 283
Default Re: Gamesgrid 1000% +EV for them?

Your link works fine.
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  #6  
Old 08-04-2005, 01:40 PM
theblitz theblitz is offline
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Posts: 51
Default Re: Gamesgrid 1000% +EV for them?

Not for me.
I tried it in both Firefox and IE.

Can't even ping it.

Weird.
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  #7  
Old 08-04-2005, 01:55 PM
playersare playersare is offline
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Posts: 708
Default Re: Gamesgrid 1000% +EV for them?

[ QUOTE ]
Your link works fine.

[/ QUOTE ]
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  #8  
Old 08-04-2005, 02:45 PM
threeonefour threeonefour is offline
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Join Date: Jul 2004
Posts: 82
Default Re: Gamesgrid 1000% +EV for them?

Its no pyrimid scheme... I've made thousands off the site and YOU CAN TOO!
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  #9  
Old 08-04-2005, 06:11 PM
wmspringer wmspringer is offline
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Posts: 254
Default Re: Gamesgrid 1000% +EV for them?

Works fine for me in Mozilla
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  #10  
Old 08-04-2005, 06:19 PM
theblitz theblitz is offline
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Posts: 51
Default Re: Gamesgrid 1000% +EV for them?

Just managed to get it to work for me too.

Sort of comes and goes.
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