Assuming an efficient market at 1.90 how would you exploit a 10% sticky bonus with a 1x using lessor amount of risk/reward?
Anonibet - I apologize for getting off topic. If you would like me to delete my posts, I will do so.
You don't even need to exploit it, it is +EV betting it straight.
This is not a traditional sticky bonus. All bets use bonus cash first. You are getting better than even money effective odds on 1.90 odds two-way markets.
Let me explain: deposit 100 get 110. Bet 110 on 1.90 it returns 209. You are now up 109 more than the 100 deposited and have met the full rollover.
Of your 209, 10 is a bonus that must be lost before it is cashed out. Now bet just that 10 over and over again in the smallest increment possible until it has all been lost (remember bonus cash is used first). on a 1.90/1.90 2-way efficient market you will average a loss of the 5% advantage the bookmaker has built into the line, the rest will have converted to bonus winnings. Thus all said and done you lose 0.5 of that 10 that was bonus.
So on an efficient market you deposited 100, and get 209 if win. Half the time you win so your expectation is +4.5 profit. In converting all the sticky bonus to cash just straight betting you lose 0.5 of that, bringing the expectation to 4. Therefore just betting an efficient market priced 1.90 per side, under their terms you expect for every 100 starting deposit amount to have 4 in profit (that's the EV of using it at 1.90/1.90 no matter how bets are broken down, you change variance but not EV, which is 4 per 100 deposited).
The above requires no exploitation, or anything else. It is purely free money they are handing out. Obviously that stuck out as a major red flag because it is offered on all deposits. Seeing it has no rules, and a what appeared to be a rogue term, I decided to inquire to make sure I had this correct.
As far as exploiting it, there are better uses. But as is this is a big risk. I can't help but feel this was a gotcha situation. Since I've become aware of real life complaints about this. In my private group, this was discussed. Smart players there mentioned anyone sharp that got caught by this is foolish and how they cashed out and stop betting when they seen this promo because figured either site was disappearing soon or would be using it in the way I suggested they could use it.