4 ms·
Online gambling is recently legal in Indiana I guess? So much advertising. Offers of matching $500 credit if I open an account and make one bet. Almost worth ju
by brianwawok 7y ago
Online gambling is recently legal in Indiana I guess? So much advertising. Offers of matching $500 credit if I open an account and make one bet. Almost worth just making a few silly bets and then taking out my money, relieving the VCs of a little money?
- CosmicShadow 7y agoMost, if not all, gambling sites have restrictions such as rollovers that prevent you from doing this. An example explanation from https://www.sportsbettingdime.com/guides/bonuses/explained/ https://www.sportsbettingdime.com/guides/bonuses/explained/ "Understanding rollover with an example might help. Let’s say that you deposit $250 to a sportsbook that is offering a 50% bonus with a 5x rollover. This means that you’ll have $375 to bet with, but can’t withdraw the bonus money until you’ve placed $1,875 ((250+125)x5) in bets."
- brianwawok 7y agoOn pure coin flips, a 5x rollover of a double my initial fund still has a positive EV right? Though it won’t be as good as someone without a rollover.
- deleted 7y ago[deleted]
- jbc1 7y agoThat's why you lay your bets. 5 x turnover is really high as well. Most I encounter here in Australia just require one turnover.