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speaking of netteller, most +ev giveaway?


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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

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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

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man, such a crap shoot,i've invested weekly's bi-weekly;s 50k points on 1 session, and still never won jack.rigged
Yeah, 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
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man, such a crap shoot,i've invested weekly's bi-weekly;s 50k points on 1 session, and still never won jack.rigged
Yeah, 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
I'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
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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
say 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.
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