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Roulette with odds in your favour!
Posted: Wed Feb 27, 2008 11:56 am
by Mr Bubbles
Got a email from Betfred along with all the normal gubbin's there was this on roulette.
29th Feb 2008 . For one day only all straight up Roulette bets on number 29 will payout 39:1.
Now would this be a viable idea? play all day backing only no 29 and odds/percentage wise you are on a winner.
But after seeing a roulette machine in a bookmakers say something like 600+ spins since the last zero I think anyone who tried it would be a brave indivdual!
Posted: Wed Feb 27, 2008 1:07 pm
by megastreaker
Not a wise move me thinks
How often can it come in?
Posted: Wed Feb 27, 2008 1:37 pm
by Mr Bubbles
megastreaker wrote:Not a wise move me thinks
How often can it come in?
??????
it is a roulette wheel.
Posted: Wed Feb 27, 2008 1:38 pm
by Mr Bubbles
megastreaker wrote:Not a wise move me thinks
How often can it come in?
??????
it is a roulette wheel.
Posted: Wed Feb 27, 2008 8:32 pm
by harry 3
£5 straight up, two spins per minute should , on average, give you £14400 staked and 77.83 (2 x 60 x 24/37) wins@ £200 = £15,567 return. You would need a bank of at least £2000 to compensate for a long losing streak.
Posted: Wed Feb 27, 2008 11:42 pm
by JG
£1167 profit expected over the day.
I wonder what the maximum bet is?
£50 => £11670 expected profit
£500 => a nice chunk of the mortgage paid off.
£5000 and never mind this time next year, it'll be this time tomorrow.
Posted: Wed Feb 27, 2008 11:49 pm
by Mattb
Basically they've somehow altered the RNG to miss 29 out. Rigged!
Posted: Thu Feb 28, 2008 1:14 am
by ob
Mattb wrote:Basically they've somehow altered the RNG to miss 29 out. Rigged!
doubt it, but would take some serious balls to go for this one nonetheless!
Posted: Thu Feb 28, 2008 7:39 am
by harry 3
£29 maximum.
*£29 maximum or currency equivalent.
Leap Year Promotion
Special Bonus Offer:
29% Bonus up to £29* with special low wagering restrictions.
Bronze Players – 15 times Bonus Amount**
Silver Players – 10 Times Bonus Amount**
Gold Players – 4 Times Bonus Amount
Platinum Players – No Roll Over Requirements, Just Make a Deposit
*£29 maximum or currency equivalent.
** House Rules Apply
Lucky Number 29:
Straight up bets on number 29 payout 4 times more this Friday the 29 th of February making number 29’s payout 39:1 on any of the Betfred Roulette games. Simply place a straight up bet on 29 and when it hits contact player support to verify the win and 4 times you’re straight up bet amount will be added to your account immediately.
Posted: Thu Feb 28, 2008 12:30 pm
by JG
Ah, so if I'm reading that correctly, it's a maximum of a £29 bonus. I see, that's a clever promotion. Yes, ok, so I'm better off not doing that on Friday in all honesty. The mortgage will have to wait a bit longer.
Posted: Thu Feb 28, 2008 1:35 pm
by Mr Bubbles
The 29% bonus is a seperate promo.
From Betfred:
It doesn’t come around too often and to mark the leap year this time round, Betfred Casino have two fantastic promotions! Why not use your bonus money to try out some new and different games, experience everything that Betfred Casino has to offer…
Lucky Number 29
Straight up bets on number 29 will pay out an amazing 39 – 1, an amazing offer that puts the house edge on this number firmly in your favour! Simply place a straight up bet on 29 and when it hits contact our support team who will verify your claim and add your extra winnings!
This offer applies to all roulette games within the casino and will apply on only single, straight up bets. Splits and corners will not receive extra payment. Offer applicable from 00:01 Friday 29th February – 23:59 Friday 29th February.
Extra funds will be added as cash.
Extra winnings must be claimed within 24 hours of the result. Claims after this period will be void.
Claims can be made via live help or telephone for instant verification. Email claims should include the game code, which can be found in the game history.
*Special Leap Year Reload
Make a deposit into the casino on Friday 29th February and we will give you an extra 29% up to a maximum of *£29.
Wagering conditions are as follows:
Bronze 15 x bonus (restricted games as per reload)
Silver 10 x bonus (restricted games as per reload)
Gold 4 x bonus (no restricted games)
Platinum 1 x bonus (no restricted games)
Posted: Thu Feb 28, 2008 2:04 pm
by JG
I got you, but I've got to phone the bleeders up everytime 29 comes in?
Bloomin' 'eck!
Anyway knowing my luck I'd end up losing with the odds in my favour. Unless of course they put you on hold for 23hrs, 59mins, 59secs on a premium rate phone line. Or it's just rigged. AHA! I'm so glad I just ironed my tin foil hat. Poker Pete's in the lounge playing Poker, so he can't hear me saying this.
Anyway I better go and sort this charger out rather than sitting here playing Streets of Fire, shatting chit and tasting whyme.
Posted: Sat Mar 01, 2008 6:48 pm
by davidpom
There are much better casino promotions out there than this one...
You could have a large expected loss with that promotion. If 29 doesn't come in for a while (which is of course highly possible) then you're sunk. And even when it does come in, it's only paying very slight ahead of normal odds (39:1 instead of 35:1 - so about 10% more).
The kelly criterion for bankroll management would suggest you'd need a bankroll of at least 250 times your bet to ride the storm. Be careful!