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Purple Lounge Owns Me
I'm afraid of posting in BBV, and I'm looking for a little information in addition to venting a bit, so that's why I'm posting this here.
I have played the monthly at Purple Lounge Casino the last two months. Deposit $300, get $300 bonus after completing $7500 of wagering. If you bust, they dont credit the bonus until you've met the wager requirement, so you have to redeposit and keep playing in order to get the bonus. No BJ allowed. They allow VP, but I've been playing 3CP instead because I thought I could play it and clear it faster and was willing to give up a little EV to get through it quicker. I play $10 a hand on the ante only and only play Q64 or better (except for the occassional misclick). In July, I had to make $1,000 of deposits to get to $7500 (three $300 deposits and one $100 deposit). I ended up withdrawing $408, for a net loss of $892 gambling (on $7500 in wagers) and a $300 bonus. In August, I deposited $1,500 (five $300 deposits), and withdrew $560, for a net loss of $1,240 gambling (on $7500 in wagers) and a $300 bonus. Given that the HA is about 3.5% or so, I should likely end up down nearly $260. In the first month, I lost 3.5 times the expected loss, and the second month I lost nearly 5 times the expected loss. For the math/statistics folks out there, how likely is this? I've had bad runs before, but it just seems unreal to me that I could have a run like this two months in a row. Needless to say, I dont think I will be going back to Purple Lounge. |
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