Post
Topic
Board Gambling
Re: Calculating the EV of a Casino Bonus
by
dooglus
on 15/10/2016, 21:55:31 UTC
Does anyone know of an easy was to calculate the true EV of a bonus considering the house edge and playthrough requirement?

For example, lets say we receive a BTC1 bonus to play a game with a 10% HE and 10x playthrough.  

We can expect to lose BTC1 for every BTC10 wagered at this game, BTC10 is the amount we have to wager, but that doesn't make the EV of our bonus = 0

If I give you 1 BTC and tell you that you have to wager 10 BTC at a 10% house edge, the EV of that bonus is exactly 0, as you calculate above.

To say more than that we will need to know the terms of the bonus.

For example, with some bonuses I am allowed to "cancel" it at any time. But does cancelling a bonus remove the full 1 BTC from my balance, or just the amount I didn't already lose of the bonus?