EZ Street's "Bailout" of BetIslands: Doing the Math : Nominated Post

[HedgeHog]

Originally <a href='/showthread.php?p=17284048'>posted</a> on 12/28/2012:

The bonus is cash. This is equivalent to a 200% cash bonus. HH said, "if you were going to get paid". Obviously playing with a 200% cash bonus is better than playing with nothing. Don't get me wrong I'm not arguing that this doesn't all look like a giant scam, but saying "assuming you get paid" and then saying that a 200% cash bonus worse than nothing is incorrect. It's worse than nothing because this seems like a scam

You are correct about it being a cash bonus, that's how I read the offer too. However, you're wrong about a 200% bonus being better than nothing at all. The bonus is -EV. Assuming the BI money is gone, which it is, you're basically doing a 45x RO on anything you deposit.

For a new client, this would be an inexpensive way to try out a new Book. As far as bailouts go, this is horseshiit.