some things to consider are is the 20% reup going to be around for "the long run". and also, what is being done with the post up money while the book is holding it. they may be making money off of that money. just putting it into cd's would be added profit to make something like this work.
i dont have the insight to offer in regards of what books do with post up money while they are holding it, but it does seem to me that the big shops out there must be doing something with that money to add to their profits.
i dont have the insight to offer in regards of what books do with post up money while they are holding it, but it does seem to me that the big shops out there must be doing something with that money to add to their profits.
"RPM, I realize they are a sponsor..."
has nothing to do with it. whether or not that bonus plan will work is not really within my realm of knowelege. i am not claiming that it will work.
i will say that i believe there ARE possible ways to make it work.
i think a lot of things would have to be factored in to see if this would possibly work or not.
a couple that come to mind are the ones i already mentioned,
the max bonus...
number of players that arent even getting the bonus...
the amount of money the book is holding, and how much they are making off of that money.
has nothing to do with it. whether or not that bonus plan will work is not really within my realm of knowelege. i am not claiming that it will work.
i will say that i believe there ARE possible ways to make it work.
i think a lot of things would have to be factored in to see if this would possibly work or not.
a couple that come to mind are the ones i already mentioned,
the max bonus...
number of players that arent even getting the bonus...
the amount of money the book is holding, and how much they are making off of that money.
"and also, what is being done with the post up money while the book is holding it. they may be making money off of that money. just putting it into cd's would be added profit to make something like this work."
"the "math boys" dont know what is being done with the money while it is being held.
if the book is making say.... 10% on all money they are holding somehow, than this bonus deal would work fine. FOREVER."
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RPM:
When you have to speculate on some investment that a book may / may not be making with the post-up funds, in order to justify the numbers, then it's time to bail.
[This message was edited by Halifax on July 04, 2003 at 12:12 PM.]
"the "math boys" dont know what is being done with the money while it is being held.
if the book is making say.... 10% on all money they are holding somehow, than this bonus deal would work fine. FOREVER."
-----------------------------------
RPM:
When you have to speculate on some investment that a book may / may not be making with the post-up funds, in order to justify the numbers, then it's time to bail.
[This message was edited by Halifax on July 04, 2003 at 12:12 PM.]
With a dime line, their 20% re-up, 5X rollover is generally a money loser.
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On a dime line (-105/-105), or in decimal form (1.952/1.952), there is a 2.40% theoretical hold on each bet. Example: bet 50 on each of the two teams - one bet loses $50, while the other bet wins $47.60 - the house keeps $2.40 vig on $100 of risk money
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Deposit 1,000 + 200 Bonus = 1200 Cash
1200 x 5 = 6000 Rollover Required
Theoretically, how much of The $1200 will be left after 5X rollover (given the 2.4% vig):
$6,000 x 2.4% = $144 vig lost on $6,000 of action
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Deposit $1,000
Collect Bonus
Rollover 5X
Withdraw $1,200 - 144 = $1,056
$56 Loss to BoDog (5.6%)
This does not include any overhead / marketing costs
----------------
Obviously, a lot of people will leave their money in long after the rollover is satisfied, but a lot won't.
[This message was edited by Halifax on July 04, 2003 at 01:48 AM.]
--------------------------------
On a dime line (-105/-105), or in decimal form (1.952/1.952), there is a 2.40% theoretical hold on each bet. Example: bet 50 on each of the two teams - one bet loses $50, while the other bet wins $47.60 - the house keeps $2.40 vig on $100 of risk money
-------------------------------
Deposit 1,000 + 200 Bonus = 1200 Cash
1200 x 5 = 6000 Rollover Required
Theoretically, how much of The $1200 will be left after 5X rollover (given the 2.4% vig):
$6,000 x 2.4% = $144 vig lost on $6,000 of action
---------------------------
Deposit $1,000
Collect Bonus
Rollover 5X
Withdraw $1,200 - 144 = $1,056
$56 Loss to BoDog (5.6%)
This does not include any overhead / marketing costs
----------------
Obviously, a lot of people will leave their money in long after the rollover is satisfied, but a lot won't.
[This message was edited by Halifax on July 04, 2003 at 01:48 AM.]
