Sticky Bonuses
The benefit of a sticky bonus can be explained as financial leverage: if the player deposits $100, receives a $100 (100%) match, and then earns 50% gambling (so they now have $300), then cashes out, they have earned $100 on their initial deposit of $100, for a 100% gain: the sticky bonus has doubled or "levered up" their gain.
The average return of a sticky bonus is sometimes expressed in terms of a target gain. Average return = (chance of reaching target) * (target - bonus - deposit - wagering requirement * house edge) - (chance of not reaching target * deposit). With a target of 2x(bonus+deposit) and 50% chance of reaching the target, the equation reduces to 50% * (bonus - wagering requirement * house edge). Expressing in terms of chance of bust and "element of risk", the formula for return becomes bonus * chance of bust - average wagering * element of risk.[2]
The sticky bonus described above that is removed after wagering is sometimes known as a "phantom bonus." There are other variations of a sticky bonus in which you do not need to exceed your original balance to make a withdrawal. Instead any win is immediately cashable.[3]
Compare cashable bonuses/non-cashable bonuses to stake returned/stake not returned free bets.
Notes
- ^ Wizard of Odds.com glossary See "sticky bonus"
- ^ Sticky Bonuses Formula
- ^ Wizardof Odds.com glossary See "sticky chip"
This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.