If I were to receive a 100% bonus (fully withdrawable after meeting WR's) on a $100 deposit and had to play 10x(D+B) and was able to play a game with a 10% house advantage, I would estimate this bonus is worth $60.
Playthrough (10 x $400) = $4000
Expected losses ($4000 x .10) = $40
Expected withdrawal ($200 - $40) = $160
Do you think I'm looking at this the right way?
How would you calculate the worth of a sticky bonus (non-withdrawable but stays in your account until you loose it) or a phantom bonus (non-withdrawable bonus that disappears when you make your first withdrawal) based on the same WR's and house edge?
Any one have estimates on how much any of the less player-friendly terms effect the value of a bonus?
FTR, I like bonuses, but I haven't seen a new lately that makes it worth depositing at a casino I don't know. (Maybe I'm just getting conservative in my old age.)
Thanks for any thoughts on this.
Playthrough (10 x $400) = $4000
Expected losses ($4000 x .10) = $40
Expected withdrawal ($200 - $40) = $160
Do you think I'm looking at this the right way?
How would you calculate the worth of a sticky bonus (non-withdrawable but stays in your account until you loose it) or a phantom bonus (non-withdrawable bonus that disappears when you make your first withdrawal) based on the same WR's and house edge?
Any one have estimates on how much any of the less player-friendly terms effect the value of a bonus?
FTR, I like bonuses, but I haven't seen a new lately that makes it worth depositing at a casino I don't know. (Maybe I'm just getting conservative in my old age.)
Thanks for any thoughts on this.