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ushope777
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23 June 2012 - 7:07pm

Which is a Better Deal?

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Raffle 92% 27x playthrough no max cashout Chance to win a raffle. Drawings for five prizes from 50 dollars up to 200 dollars for first place.
92TOWINRAFFLE

130% Coupon Code Weekly
130BEE
25X D plus B no max cashout

Slot O'Cash.

Which one would YOU choose IF you decided to take the bonus?

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
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auCL-Ed
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25 June 2012 - 8:06am
#1

Interesting question. We have a small formula that we use as part of our bonus ranking algorithm. It works out how much you can expect to profit (or lose) as a multiple of the bonus if you complete the wagering requirements on a game with a specific payout percentage.

I plugged both bonuses into the formula and got the following results:

The raffle at 92% payout, 27xB required:
On average you would expect to LOSE 1.16xB.

On to the 2nd one, I will assume its a slots bonus. First we need to work out the actual wagering requirements as a multiple of the bonus instead of the 25x(D+B) that they quote. Casinos love doing that because it sounds like less wagering than it actually is. At 130% it works out to be:

(25 + (25 * 1.3)) / 1.3 = 44xB (approximately)

So slots at 95% payout, 44xB required:
On average you would expect to LOSE 1.2xB.

I'll explain a bit about where we say you would expect to lose 1.2XB.

Say you deposited $100 and were given a $130 bonus. We are saying that you would lose ($130 x 1.2) = $156. Obviously $156 is more than your original deposit of $100 so chances better than average that you will bust out.

The bottom line: mathematically speaking they are almost identical and neither is a good offer!

For me the raffle would be mind numbingly boring and the top prize is only $200 so you're not going to become rich by playing it. So the slots bonus would be more attractive to me if I HAD to pick one. But you don't, so don't claim either of them!

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ushope777
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25 June 2012 - 10:25pm
#2

I didn't use either one, because I have no "gambling bank roll," lol, right now, but I was curious about those offers.

Lol! Wow, what a detailed answer, and I love that the stats can actually show the chances of LOSING up front! I always seem to be tempted by the bonuses, because I never have a lot to deposit on my own.

Also, I have noticed something strange, and maybe it is JUST ME, but when I take the bonuses (in the past) I always seem to play a lot longer than when I deposit without a bonus, even if I am playing with equal amounts. When I make a straight deposit, it seems I lose it all faster and when I take a bonus I am able to play a lot longer. Does that make sense? I know it probably doesn't make a difference, but it sure seems to me as if it does, lol.

I will have to SAVE UP so I can make FEWER, but larger, deposits and let those bonuses go unless they are offers I cannot refuse. However, I will check here first! lol!

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

auCL-Ed
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26 June 2012 - 6:22am
#3

I think that is likely to be just perception rather than any real effect.

A couple of rules for bonuses that I generally follow:

- If it is 20xB or less (very rare) its almost always good value, whether the bonus is cashable or not.
- up to 30xB is decent, especially if the bonus is cashable (i.e. you can withdraw the bonus money).
- up to 40xB maybe, but only if low house edge games are allowed - eg blackjack or baccarat.
- Higher than that: It's a trap!

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usbarbadosslim93
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26 June 2012 - 4:26pm
#4

I think this is appropriate for Ed's last comment.

trap.jpg

2 members gave thanks for this useful post: CL-Ed, Ubetcha

usUbetcha
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26 June 2012 - 5:03pm
#5

LMAO Slim.. I like your idea and the alien photo! When there's a trap there's money involved.. "show me the money" right now!! Vicious Wink

Y'all take care.. =^. .^=

ushope777
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26 June 2012 - 9:41pm
#6
barbadosslim93 wrote:

I think this is appropriate for Ed's last comment.

Perfect! Smile

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

auCL-Ed
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27 June 2012 - 11:23am
#7

LOL. I was actually thinking of the old Admiral Ackbar when I wrote that! Have you seen this one?

itsatarp.jpg

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usbarbadosslim93
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27 June 2012 - 2:26pm
#8

Yes! Actually I was looking for that one. I figured you would appreciate it. Good to see I am in similar company here.

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