
24th May 2006, 12:18 AM
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Meister Member
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Join Date: Feb 2004
Location: North Carolina
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Quote:
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Originally Posted by GrandMaster
Let's say you deposit $100 and get 100% cashable match bonus with 10x(D+B)=$2000 wagering requirement on slots with 5% house edge. Your expected loss is $100, your expected profit is 0. (OK, not quite, the possibility of busting out works in your favour, once you bust out you stop losing money, so there would be a small expected profit.)
Instead, put everything on a single number on roulette. If you win, you have $7200, you play the required amount on slots, the expected value of your final bankroll is $7100. If you lose, you just walk away. Your expectation is $7100/37=$191.89. This strategy turned a bonus with minimal profit into one with more than $90 profit. If the wagering requirement were 20x(D+B) then I am pretty sure that playing on slots would have a negative expectation, whereas this strategy combining it with roulette would still show almost $90 expected profit.
This player does not appear to have used such a strategy, but playing in £££ when you are not from the UK is likely to set of a warning flag. (Was it Trident Lounge that invented the "International Foreign Exchange Laws"?)
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Almost exactly what I said earlier ... nice to see someone like Grandmaster using it, too.
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I don't abuse bonuses, I just shake the sh!t out of 'em!
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