Hello, I play Spin & Gold tournaments in GG POKER ROOM. I did some calculations, and some things doesn't add up for me.
For those who don't know, there's "Spin & Gold Challenge" which let's u earn additional cashback. Basically first u choose how many hours u want to play (1,2,3,5 or 8 hours), and then based on the stakes u play, u choose points(gold) u have to generate in order to complete the challenge (u get cash at the end).
For some reason i can't upload the screenshots (i get 404-image not found error when i preview my thread, so i will post links directly.)
https://imgur.com/zdULu7f - here u see the hours u choose
https://imgur.com/imxB9F7 - here are the gold points u win for each placement (1st, 2nd, 3rd.)
https://imgur.com/DSbSxpH - and here is the points u need to mine in order to receive the prizes listed below each challenge.
For those who won't check the images i will post the exact numbers below:
My example here will be: 8 hours - Challenge 3 - Mine 16,000 gold - to get UP TO 45% CASHBACK - u receive 31.50$ every time after u complete [8 hours challenge 3] .
At 3$ u get : 36 gold for 1st - 24 gold for 2nd - 12 gold for 3rd place. Rake is 7% = 0.21$
Let's look at the ''perfect case scenario'' - i ONLY get 1ST PLACES.
16000(gold):36(gold per 1st place) = 576 first places.
576(games)x0.21$ = 120.96$ rake paid.
So i paid 120.96$ rake and i get 31.50$ back = 26% Rakeback
Now let's look at the "worst case scenario" - i only get 3rd places
16000(gold):12(gold per 3rd place) = 1333 3rd places
1333(games)x0.21$=279$ rake paid.
So i paid 279$ rake and i get 31.50$ back = 11.2% Rake back
Let's look at the same challenge with the highest stake available - 200$.
1st place-2400gold 2nd place-1600gold 3rd place-800gold.
I need 7first places x 2400gold = 16800 gold
Rake is 14$ (7%)
7games x 14 = 98$ rake paid
I get 31.50$ back = 32.1% rake back
So with the highest stakes (best case scenario) i still can't get even close to that UP TO 45% CASHBACK promised. I did these calculations with a lot of challenges/stakes combinations, and it's still kind of the same story. I would highly appreciate any help, since i have absolutely no idea on how can some1 reach these numbers.