As it's a freeroll, rather than making a profit I assume that they will be making a loss. Zero income and $500 paid out makes a loss of roughly $500, according to my calculations scribbled on the back of a matchbook.Anyone know why the $1000 guaranteed game daily on bodog at 940pm changed last week into a $500 game? Could bodog really be making that much of a profit by doing that? What a cheap cheap poker site.
As it's a freeroll, rather than making a profit I assume that they will be making a loss. Zero income and $500 paid out makes a loss of roughly $500, according to my calculations scribbled on the back of a matchbook.
Now let's take a look at the freerolls on other sites, what do we see? A twenty euro freeroll, a fifty euro freeroll, a one hundred dollar freeroll, a one hundred and fifty dollar freeroll. What are Bodog giving for their freeroll, wow five hundred dollars! That's awesome! All praise to Bodog for being so generous with their money that they give away for free!
According to sportsgamblingreview, anyway.Following the passage of the Unlawful Internet Gambling and Enforcement Act in October 2006 Bodog.com suffered significant financial losses during 2007 and it is estimated that the net worth of founder and CEO Calvin Ayre’ will drop by $500 million in the first year.
No your math is awful. Instead of giving away 1k, they are giving away 500. Thats $500 extra in their bank account, none in your freeroll winners'....in the calculations on the back of the back of MY matchbook. (Sorry I used to front to miscalculate like you did.)
Back to issue at hand, I was simply asking for a reason, not grief. They only permit 3500 players in the 500, as opposed to 5000 in the 1k. As another poster mentioned, it was a huge draw to the site. Why, from a business or legal perspective, would bodog not want another 1500 players looking for a reason to deposit?