RayPowers 0 Posted December 13, 2005 Share Posted December 13, 2005 So, neteller does these free cash giveaways, details below:Weekly Draw Prize: $500.00 USDTotal Entries: 31233Cost to enter: 1000 NETpointsBi-Weekly DrawPrize: $1000.00 USDTotal Entries: 13069Cost to enter: 2500 NETpointsMonthly DrawPrize: $3000.00 USDTotal Entries: 71662Cost to enter: 5000 NETpointsSo, from a pure points to money conversion, the Weekly draw is the most +ev. But notice that there are a lot less people in the bi-weekly drawing than in the others. Can anyone help me figure out which is the most +ev to bury my NETpoints into assuming those are average entry numbers for each drawing..Ray Link to post Share on other sites
econ_tim 0 Posted December 13, 2005 Share Posted December 13, 2005 to get EV first divide the prize pool by the number of entrant -- this gives your expected winthen divide that by the number of netpoints you have to pay -- that tells you the price of expected dollars in terms of netpoints Link to post Share on other sites
RayPowers 0 Posted December 13, 2005 Author Share Posted December 13, 2005 Taking Tim's post and putting it into Excel:Prize Cost Entrants EV Expected $500 100 31000 0.016129 0.0001611000 2500 13000 0.076923 0.0000313000 5000 72000 0.041667 0.000008This no lookie right to me......Ray Link to post Share on other sites
Royal_Tour 0 Posted December 13, 2005 Share Posted December 13, 2005 man, such a crap shoot,i've invested weekly's bi-weekly;s 50k points on 1 session, and still never won jack.rigged Link to post Share on other sites
RayPowers 0 Posted December 13, 2005 Author Share Posted December 13, 2005 man, such a crap shoot,i've invested weekly's bi-weekly;s 50k points on 1 session, and still never won jack.riggedYeah, but what else ya gonna do with the points? Maybe one day they'll open a Neteller store and I can get a neteller bobble head....Ray Link to post Share on other sites
Royal_Tour 0 Posted December 13, 2005 Share Posted December 13, 2005 man, such a crap shoot,i've invested weekly's bi-weekly;s 50k points on 1 session, and still never won jack.riggedYeah, but what else ya gonna do with the points? Maybe one day they'll open a Neteller store and I can get a neteller bobble head....RayI'm hoping to cash them in for a neteller hat, and i'l sport it to the casino with my own autograph as a sign for a job well done Link to post Share on other sites
RhinestoneCowboy 2 Posted December 13, 2005 Share Posted December 13, 2005 Ive got like 750k neteller points, if they ever open a store, I'm hoping that gets me a nice neteller bumper sticker... Link to post Share on other sites
justblaze 0 Posted December 13, 2005 Share Posted December 13, 2005 has anyone ever won anything from these draws? i have like a brazillian points but im not gonna waste my time entering the draw until i get confirmation that a real person has won this thing. Link to post Share on other sites
mrdannyg 274 Posted December 13, 2005 Share Posted December 13, 2005 So, neteller does these free cash giveaways, details below:Weekly Draw Prize: $500.00 USDTotal Entries: 31233Cost to enter: 1000 NETpointsBi-Weekly DrawPrize: $1000.00 USDTotal Entries: 13069Cost to enter: 2500 NETpointsMonthly DrawPrize: $3000.00 USDTotal Entries: 71662Cost to enter: 5000 NETpointsSo, from a pure points to money conversion, the Weekly draw is the most +ev. But notice that there are a lot less people in the bi-weekly drawing than in the others. Can anyone help me figure out which is the most +ev to bury my NETpoints into assuming those are average entry numbers for each drawing..Raysay you have 5000 points. you can buy one monthly ticket, which has EV of 1/71662*3000 = .04186or two 2500 tickets:2/13069*1000 = .1530 or 5 1000 point tickets:5/31233*500 = .0800since people tend to either go for big money or lots of tickets, i've found every time i checked (this makes....twice) that the bi-weekly draw has by far the highest EV. Link to post Share on other sites
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