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You looking at them in the wrong way - they are extremely generous and +ev for everyone who takes part.These promos are getting far too expensive with the min bet size for me, the volatility is huge for every game now. Good luck to the other entrants.
You looking at them in the wrong way - they are extremely generous and +ev for everyone who takes part.
Take this promo for example - this thread has 29 replies - some replies will be multiple by the same person so they are even more generous and higher +ev then my explanation will demonstrate.
Lets round it up to 30 entries.
Remove the top 5 entries and you are left with 25 entries in the draw for the €50 raffle. 10 of these entries will win the €50
The €50 raffle is massive +ev on its own.
You have a 40% chance of winning €50 - all you need to do is submit a screenshot. Every 5 promos you should, on average, win twice and receive a total of €100 which is an average of €20 per promo.
To lose €20 on a game with 95% rtp you would need to wager, talking averages here, €400.
This means that if you wagered €400 on each promo then, with the average raffle return, you would be break even from the random raffle alone - you would still be +ev overall as you would win one of top 5 placement prizes now and then.
It is up to you how much you wager though - if you were to attempt to just realise the random raffle +ev then all you would need to do is a couple of spins and post any winning screenshot and some feedback. This would result in each promo granting you an average of near to €20 profit.
They are massively generous prizepools and I think we should be grateful they are available to us. They are so generous that I don’t see how they are of any real benefit to the casino hosting them. A €2500 prize pool on a 95% game would require €50 000 to be wagered to recoup the cost of the prize pool - I don’t see the 30 entrants spinning at min bet wagering €50 000 during the promos duration. Might be the odd exception, on average though, I doubt it.
The outlay is probably justified in that the streamers give the game promoted some extra exposure via the livestreams, occasional new signups, people depositing to play the promo and losing their money on other games.
In short - you can’t moan about the cost of promo participation because the actual promo, even the raffle alone, is +ev. If you don’t take part then you are actually costing yourself money.
Fair enough.For me it's reached the point where it is too expensive to continue, I wasn't demanding changes and I wished everyone luck.
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