adjusted odds

**chunk** · 05-05-15, 01:34 AM

Originally posted by Buffalo Nickle

Here's a question for the math and spreadsheet proficient. Assuming a 50% coinflipper deposits $1,000 and gets a 100% free play, what are his adjusted odds if he bets 1.1% per bet at -110 odds to meet a 20x rollover on the deposit amount?

Similar scenario. What are the adjusted odds betting at -107 odds and depositing $1,000 and getting a $100% cash bonus if he bets 1.1% to meet a 36x rollover of the deposit amount?

Thanks for any help.

Nice math questions....what is your definition of spread sheet proficient?

**u21c3f6** · 05-11-15, 05:52 AM

I am not sure how to answer your specific questions but here is how I would look at it.

In the first scenario you have to wager $20,000. $20,000/$11 wagers = approx 1,818.182 wagers of which you would win approx 909.0909 and lose 909.0909. Therefore you would win 9,090.91 on your winning wagers (10 x 909.0909) and lose 10,000 on your losers (11 x 909.0909) for a net loss of 909.09 to win a $1,000 free play.

In scenario 2 I will change it slightly to wager $10.70 instead of 1.1%. In this scenario you have to wager $36,000. $36,000/$10.70 wagers = approx 3,364.486 wagers of which you would win approx 1,682.243 and lose 1,682.243. Therefore you would win 16,822.43 on your winning wagers (10 x 1,682.243) and lose 18,000 on your losers (10.70 x 1,682.243) for a net loss of 1,177.57 to win a $1,000 cash bonus.

Hope that helps. Joe.

**Buffalo Nickle** · 05-11-15, 08:52 AM

Originally posted by u21c3f6

I am not sure how to answer your specific questions but here is how I would look at it.

In the first scenario you have to wager $20,000. $20,000/$11 wagers = approx 1,818.182 wagers of which you would win approx 909.0909 and lose 909.0909. Therefore you would win 9,090.91 on your winning wagers (10 x 909.0909) and lose 10,000 on your losers (11 x 909.0909) for a net loss of 909.09 to win a $1,000 free play.

In scenario 2 I will change it slightly to wager $10.70 instead of 1.1%. In this scenario you have to wager $36,000. $36,000/$10.70 wagers = approx 3,364.486 wagers of which you would win approx 1,682.243 and lose 1,682.243. Therefore you would win 16,822.43 on your winning wagers (10 x 1,682.243) and lose 18,000 on your losers (10.70 x 1,682.243) for a net loss of 1,177.57 to win a $1,000 cash bonus.

Hope that helps. Joe.

Thanks for the info. I had done similar calculation to determine the value of the bonuses I have taken so at least I know I didn't get cross-eyed. I just wanted to try to get the odds pinned down for the sake of comparison which would make it easy to determine the value of other bonuses as well.