I took advantage of a free slot machine $50$ spin bonus (no deposit required) on a casino site.
I won $£50$ and managed to turn that into $£600$ (so I have $£600$ in my bonus balance).
In order to turn the bonus into cash, you must wager at least $35*$(amount in your bonus balance).
This is the amount in your bonus balance at the time of your first deposit (I haven't deposited).
The wager requirement is to wager only on slot machines so I'm trying to figure out if it is even worth it to deposit money.
The slot payout is about $0.96$ of your wager, so even after an infinitely long playing session with $£600$, I'm expected to wager $£15,000$ (infinite geometric sum) which is not the requirement of $£21,000$.
Do you agree with me or can you see this differently? Thanks :)
Note: $0.96$ is the average payout rate, not constant.