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 Originally Posted by Chopper
check the requirements. AP did the same thing a year or so ago. if you had the bankroll there, you would likely be better off using other instruments to earn interest.
watch the "withdrawal" requirements. if you make a w/d, it could nullify your interest earnings for quite some time....and that gets them off the hook to owe you squat. (i seem to remember that was AP's 'catch.')
Ah, good point. I did a quick check and you don't get the interest if you've withdraw for that month - as well as the fact that you have to stay at that level. I guess in retrospect it's a good idea if someone plans on using their UB as an actual 9% investment vehicle but with the added bonus of being able to add to it by playing poker.
Rule of 72:
72/9% = 8 years doubling period.
Say you put in 15K as a balance for playing 200NL and come away with a positive amount of ~2k every month (is this a good calculation?)
In a 10 year period of time (assuming the bonus lasts that long) you'll end up with $330K. Still not too shabby.
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