Is the following analysis correct?
Assume cashback % = 0.25
Free play offer = $1500
After playing through the $1500 free play once, credits = $1200.
It would take $480,000 coin-in to earn $1200 cashback.
So, after my free play "session," if I play 9/6 JOB 'til I have
$480,000 coin-in, isn't my EV for the paired sessions = 0.995 + 0.25
cashback = 0.25 "net" free play = 1.0?
Thanks in advance for any comments/critiques.
Pat Roach