Quote:
Originally Posted by browni3141
Yes, the bonus is profitable. It's not a great opportunity, though.
I'm not a math guy. Do you know if there are any sites on the 'net that could help actually determine the "Break even" point on a bonus rollover?
I.e. all games have house edge with a few exceptions (live blackjack and card counting where they don't reshuffle after you increase your bet; certain progressive jackpot games once jackpot has grown to a certain size; etc. etc.). The bonus helps make up for that, but not if the rollover is too long.
I.e. is 100x playthrough too much? What about 300x playthrough? The Ignition 25x playthrough for BlackJack is actually 83.3333x playthrough (Blackjack only goes 30% towards playthrough and excludes single deck). I have seen casinos with lower playthrough requirements.
Here's a real life example from Ignition. If you deposit $200 using their 200% welcome bitcoin deposit bonus, you will see a balance of $600 in your casino. If you were only to play blackjack, you would need to play 83.333x playthrough on the whole $600 balance. $600 * 83.3333 = $49,999.
So in other words you would have to wager $50,000 in order to clear the bonus. Also read the fine print, in the case of the 200% bitcoin bonus, your whole amount is locked up and if you forfeit the bonus you will effectively lose everything. (All wagers won using bonus money go into the locked up bonus amount, and if you are winning, the algorithm they use basically ends up working out that "your" money is never used for a wager).
So the real question is based on a $1-$500 game of randomly shuffled on-line single-hand blackjack, with a starting balance of $600, and if you play perfect strategy, could you wager $50,000 and have $200 or more remaining once you've completed wagering the $50,000?