Some Additional Fun Facts One interesting tidbit from their webpage is the discussion of Prize-Linked Savings and a little bit of its history.
It would be a shame if I spent all this time calculating probabilities and effective values without actually playing the games, so I decided to put the math into practice and see what my big win online actual result was.
Once you reach 10, you can cash-out or you can keep earning!Is Long Game Free?This is where the real value of the app should come in for those that are struggling to save any money, but still want to dream about the potential good life that might be purchased with a large windfall like 1,000,000.Note: The odds might actually be better in Long Game than something like Powerball because there are only 56 numbers and 7 bonus balls instead of the current 69 numbers and 26 bonus balls in Powerball! For example, an account with 40 would earn 20 Coins per week for the first 20, then an additional 15 Coins per week from the next 20 (20.75 for a total of 35 coins per week. These coins can then be used to play various instant win games and enter a weekly lottery-style drawing to win up to a million dollars, ideally converting the coins into cash to further increase your savings. Also, each of the cash prizes has a Daily Cap which limits the number of people that can win it each day.
To create a Long Game account you must be a resident of the US, have a social security number, have checking or savings account at a supported US bank, and be at least 18 years old.
The rate.1 is not as high as you can get with various free high-interest savings account, but does come in a step above the majority of banks which often offer a tenth of that if they offer anything at all.
Long Game currently offers 6 different options for using your Coins to play these games: Flip It Instant Win Game (Paper version) Cost to Play: 5 Coins Win up to 1000 Coins (no cash prizes in this one) Flip It Instant Win Game (Bronze version).
I must admit, I just recently learned about Long Game but I'm now an avid user of the clever app.
Well explore how to earn them, the different ways you can use them, and the optimal way to go about turning them into cash.
I decided to dedicate the bulk of my coins to playing the Bronze instant win Flip It game.
The extra money you earn from these cash back apps can easily be secured in an emergency fund for rainy days or used on the Long Game app.And, it's for good reason as the reviews are in, this app really helps you save more money. Of course you could get lucky and win thousands of dollars, or get extremely unlucky and get nothing, but theres no risk in trying if you have some time to kill.What's not to love?Standard Coin Earning In addition to the bonus coins you can get initially, the account will earn coins periodically depending on how much money you have deposited into the account.The Wall Street Journal, Forbes, and, techCrunch already.