NotesWhat is notes.io?

Notes brand slogan

Notes - notes.io

Online Casinos: The Mathematics of Bonuses
Online casino players are aware that the latter ones provide a variety of bonuses. "Free-load" appears attractive, however, do they actually provide these bonuses? Are they profitable for gamblers? Answering this question is contingent on many factors. Mathematics will aid us in answering this question.

Let's begin with an ordinary bonus when you deposit $100 and obtain $100 more and it's possible to get having put up $3000. It is a typical example of a bonus earned on the first deposit. The sizes of a deposit and bonus can differ, as well as the required stake rates, but one thing remains in place - the amount of the bonus is accessible for withdrawal after the wager is completed. At present, it's impossible to withdraw funds generally.

It is considered free money when you gamble online for a long period of time and are persistent. If you play slots with 95% pay-outs, a bonus will allow you to make on average extra 2000 $ of stakes ($100/(1-0,95)=$2000), after that the amount of bonus will be over. However, there are some issues to be aware of, for example, if you want to simply take a look at a casino, without having to play for long or if you like roulette or any other game, forbidden by casinos' rules for winning back bonuses. If you aren't betting on any of the allowed games, the majority of casinos will not allow you to withdraw money. Bonuses can be won by playing blackjack or roulette however, only if meet the minimum stakes of 3000. If find here enough to win 95% payouts the odds are of $3000* (1-0,95) which is $150. You will lose $50, and lose the bonus. In this case, it is better not to accept the bonus. If blackjack and poker are allowed to claim back the bonus and the casino's profits of just 0,5%, so you can expect that after reclaiming the bonus, you'll have $100-$3000 plus 0,005 = $85 from the casino's profit.
"Sticky" and "phantombonus

Casinos are becoming increasingly popular for "sticky" and "phantom bonuses. These bonuses are equivalent to the lucky chips found in a real casino. It is not possible to withdraw the bonus amount. The bonus amount must be kept on the account, like it "has stuck". It may appear that such a bonus is not worth the effort. You won't be able to take any money out, but it's not the case. If you are a winner, there's really no use in the bonus, however if you have lost, it may be useful to you. Already, you've lost $100 with no bonus. However, with a bonus even if it is an "sticky" one, the $100 are still on your account. This can aid you in escaping the situation. The odds of winning the amount you received is less than half (for this you will only need to stake the full amount in roulette). In order to maximize profits from "sticky" bonuses one needs to use the strategy "play-an-all-or-nothing game". You will lose slowly and certainly if you play with small amounts. The negative math expectation of games implies that you'll never win any bonus. Clever gamblers usually try to realize their bonuses quickly - somebody stakes the entire amount on chances, in the hope to double it (just imagine, you stake all $200 on chances, with a probability of 49% you'll win neat $200, with a probability of 51% you'll lose your $100 and $100 of the bonus, that is to say, a stake has positive math expectancy for you $200*0,49-$100*0,51=$47), some people use progressive strategies of Martingale type. It is advised to determine the desired amount you wish to gain, for example $200, and then try to win it, taking chances. If you have contributed a deposit in the amount of $100, obtained "sticky" $150 and plan to enlarge the sum on your account up to $500 (that is to win $250), then a probability to achieve your aim is (100+150)/500=50%, at this the desired real value of the bonus for you is (100+150)/500*(500-150)-100=$75 (you can substitute it for your own figures, but, please, take into account that the formulas are given for games with zero math expectancy, in real games the results will be lower).


Cash back Bonus:

There is a seldom encountered variation of a bonus which is the return of lost. It is possible to distinguish two options - either the complete refund of the deposit lost, at this the returned cash is typically returned as normal bonuses or a portion (10-25 percentage) of the loss for a fixed time period (a week or a month). The first scenario is almost similar to a "sticky bonus" which is not worth it in the event of winning however, it is beneficial when you lose. The "sticky bonus" math calculation will also be comparable. The principle of the game is the same - we gamble, win as often as is possible. We can still bet with the money that we've won, even if we do not take home the prize. Casinos with games offer a partial return on losing to gamblers who have a high level of activity. You will lose $50 on average if you play blackjack with an average math expectation of 0.5 percent. You'll get back $10 even if you make a loss of $20. This is equal to an increase in math expectancy of 0.4%. There is still a chance to benefit from the bonus, but you will need to play less. With the same stakes in roulette, we play one, however it's an enormous stake. The majority of the cases we again win $100, and 51% - we lose $100, however at the time the month is over, we get back our 20% that is $20. As a result the effect is $100*0,49-($100-$20)*0,51=$8,2. The stake has a positive math expectation. But, the dispersion is large and we will only be able play this way once per week or once per month.

Allow me to make a brief remark. This is a bit off topic. On a casino forum one gambler began to argue that tournaments are unfair, and argued it as follows: "No normal person will ever make a single stake in the final 10 minutes of a tournament that is 3,5 times greater than the amount of prize ($100) as a result of a maximal losing, so as to take home a prize. What's the purpose?

It is logical. It's like the one that has return on losing. If a stake is successful - we are already in the black. If it has lost - we'll be awarded a prize in a tournament of $100. So, the math expectancy of the above-mentioned stake amounting to $350 is: $350*0,49-($350-$100)*0,51=$44. We could lose $250 today but earn $350 next day. If we continue daily play, our total earnings are quite impressive at 365*$44=$16 000. Having solved a simple equation, we'll find out that stakes up to $1900 are profitable for us! We'll need several thousand dollars on our accounts for this game, however we don't have to blame casinos for being shady or naive.

Let's look back at our bonuses, to the most "free-load" ones- with no requirement for any deposit. Of late one has been able to notice more and more advertisements promising as much as $500 for free, and without any deposit. The basic idea is as follows you actually get $500 on a special account with a time limit for play (usually one hour). After an hour, you receive only the amount you winnings, but no greater than $500. The cash is transferred to an actual account and you must win it back, like any bonus, usually having played it at least 20 times in slots. This sounds fantastic however, what is the real price of the bonus? First, let's look at the first step - you need to be able to win $500. Using a simplified formula, we can determine that probability of winning is 50 percent (in the real world, it's likely to be even lower). In order to get the bonus back, you need to stake at least $10 000 on slots. The payout rates of slot machines aren't known. They average around 95%, and can range from 90-98% for different types. If we play an average slot, till the end of the bet, we'll have $500-10 000*0.05=$0 in our account. Not an excellent game... We can expect $500-10 000*0.02=$300 if we're lucky enough to land a lucrative slot. The chance of selecting a slot with the highest payout is 50 percent. You've read the opinions of other gamblers , as this probability will not exceed 10-20%. In this case, the generous deposit bonus of $300*0.5*0.5=$75. A lot less than $500 however, it's still not bad, even though we see that even with the most ideal suppositions, the value of the bonus decreased seven-fold.

I hope, this excursion into the mathematics of bonus will prove useful to gamblers . If you want to win, you just need to think a little and make calculations.

Homepage: http://www.spritesandjets.com/vierailee-suomessa-nettikasinot-jannittavia-ja-seikkailuja-pelit/
     
 
what is notes.io
 

Notes.io is a web-based application for taking notes. You can take your notes and share with others people. If you like taking long notes, notes.io is designed for you. To date, over 8,000,000,000 notes created and continuing...

With notes.io;

  • * You can take a note from anywhere and any device with internet connection.
  • * You can share the notes in social platforms (YouTube, Facebook, Twitter, instagram etc.).
  • * You can quickly share your contents without website, blog and e-mail.
  • * You don't need to create any Account to share a note. As you wish you can use quick, easy and best shortened notes with sms, websites, e-mail, or messaging services (WhatsApp, iMessage, Telegram, Signal).
  • * Notes.io has fabulous infrastructure design for a short link and allows you to share the note as an easy and understandable link.

Fast: Notes.io is built for speed and performance. You can take a notes quickly and browse your archive.

Easy: Notes.io doesn’t require installation. Just write and share note!

Short: Notes.io’s url just 8 character. You’ll get shorten link of your note when you want to share. (Ex: notes.io/q )

Free: Notes.io works for 12 years and has been free since the day it was started.


You immediately create your first note and start sharing with the ones you wish. If you want to contact us, you can use the following communication channels;


Email: [email protected]

Twitter: http://twitter.com/notesio

Instagram: http://instagram.com/notes.io

Facebook: http://facebook.com/notesio



Regards;
Notes.io Team

     
 
Shortened Note Link
 
 
Looding Image
 
     
 
Long File
 
 

For written notes was greater than 18KB Unable to shorten.

To be smaller than 18KB, please organize your notes, or sign in.