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

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  • HedgeHog
    SBR Posting Legend
    • 09-11-07
    • 10128

    #1
    EZ Street's "Bailout" of BetIslands: Doing the Math
    Originally <a href='/showthread.php?p=17283148'>posted</a> on 12/28/2012:

    If you're one of the "lucky" ones that gets a "bailout" email offer from EZ, do yourself a favor and just delete it. Even if you could be assured that EZ will pay upon completion of your rollover, a likely stretch, you still stand to lose more money.

    The offer: You get 100% of the BI balance stolen from you by their buddies in return for a 50% matching deposit and a 15x rollover on ALL of it.

    So say the Average Joe lost $1000 when BI fukked him over. He would now have to send $500 to EZ to get the $1000 back, in return for a 15x RO on everything, or $22,500 in action. Assuming Average Joe is a 50% player, he 'll have $11,250 in winners as well as losers, so the juice on losses costs him $1125. Now his $1500 starting balance is down to $375. And since he sent $500 new money, the "bailout" has cost him an additional $125.

    So the Average Joe can expect to lose roughly 25% on any new money sent in. Thanks, but no thanks.
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