flabberghaster wrote
My understanding is you don't get actually paid out until you wager a certain amount that's much much higher. Like you bet five dollars and get two hundred, but to be eligible you have to bet like a thousand dollars total.
That's what they said on a podcast, or what I took from what that podcast.
Not an expert.
rain wrote
I was figuring something like this would be the case. I wonder if I could find paired hedge bets that would let me get at least a hundred out of those bets.
If I try there are a few self imposed rules…
Rule 1) no extra money loaded - no matter what it looks like on paper if I can’t do it solely off of the initial deposit then the whole thing needs to be abandoned.
Rule 2) Just as soon as I can get the money out, pull it and never use their site again
What do y’all think, should I try? Fair disclosure: even if everyone says yes I may decide not to
flabberghaster wrote
I think you should not give these casinos one red cent, you're not gonna beat the house. Everyone who gambles thinks they might, and if they were right, there would be no casinos.
If you gamble, go in expecting to lose. If you're doing it for fun, then have fun. But you're giving money to some of the worst and most rapaciously exploitative businesses in America.
rain wrote
I upvoted you because in general I agree.
If I did do it, it would be with the intent of doing a write up on the experience. Probably won’t because I have more than enough on my plate right now, but if I had the extra free time it would make an interesting post.
twovests OP wrote
Yeah, that's another issue. I was looking at this as "their business model is to lose money to get people hooked, but if I don't get hooked, I'm just taking money from an evil business."
But that ~$200 loss is subsidized by the people who do get hooked. The fact that they offer $200 in bonus bets means they're expecting to extract at least $200 from every person who takes the bet to break even, which is a mind-boggling amount to spend to gamble.
rain wrote
$200 is peanuts to a gambling addict. I remember back in the 80s I had a relative who bought $100 in lotto tickets every week. It’s scary to think how much she would have spent in a casino.
twovests OP wrote (edited )
At least at the site I'm looking at, this doesn't seem to be the case. But yeah, "bet $1000 get $200 in bets" doesn't make it worth it to me. Especially with a sublinear cost function (i.e. $1000 is worth more than half of $2000 for me).
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