Monthlys Question

[syncmaster]

I have been wondering about these monthly casino bonuses. I sometimes hit up the cryptos, but rarely. I have also hit up those $100/$30 bonuses (cherry, euro) once or twice.
I was just wondering, how much money am I giving up by not doing all of these, every month?

I stayed clear because they all seemed small EV with a hi risk of losing money or going busto. However, over a years time, I wonder how much I could of made from hitting up all of these every month.

Also, what would be my chances of loseing money doing this? I would be betting $2 or $4 a hand, and I am talking about over the course of a year.

[WiSeIVIaN]

Better $4 a hand, over a year doing many casino bonuses with an unlimited bankroll, you chances of loosing mooney are damn close to 0%...

[wmspringer]

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Better $4 a hand, over a year doing many casino bonuses with an unlimited bankroll, you chances of loosing mooney are damn close to 0%...

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I wish I had an unlimited bankroll.

[136913691369]

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I was just wondering, how much money am I giving up by not doing all of these, every month?


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ummm just add up the EV of the monthlies you skip, that is how much money you are giving up.

[crovax4444]

well, for example, casino domain is 75x b $100 deposit $30 bonus. So that means your expected value is $18.75 * 12= $225 a year. However, cost of variance on $2250 worth of wagering is prob = around $5-$10 (estimated, I don't know the forumla offhand, and this is assuming a healthy bet size, I don't factor in $1 bet sizes because you obviously can do a poker bonus, making much more $ in the time it takes to do this in $1 bets), so your really missing around $105-165 a year for $27000k in WR. I'd much rather donk around at $25 NL and GRIND that [censored] BONUSLESS than do $27000 in WR (in an entire year) for that amount. This obviously differs per bonus, but cost of variance does account for a large reason on why these bonuses arn't fantastic.

Crovax

[Wilco666]

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well, for example, casino domain is 75x b $100 deposit $30 bonus. So that means your expected value is $18.75 * 12= $225 a year. However, cost of variance on $2250 worth of wagering is prob = around $5-$10 (estimated, I don't know the forumla offhand, and this is assuming a healthy bet size, I don't factor in $1 bet sizes because you obviously can do a poker bonus, making much more $ in the time it takes to do this in $1 bets), so your really missing around $105-165 a year for $27000k in WR. I'd much rather donk around at $25 NL and GRIND that [censored] BONUSLESS than do $27000 in WR (in an entire year) for that amount. This obviously differs per bonus, but cost of variance does account for a large reason on why these bonuses arn't fantastic.

Crovax

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What is "cost of variance"? Never heard of it.