Uber and Lyft are both running crummy promos this week, targeting drivers who are mathematically challenged and don't realize how poor the value is for their offers.
"[UBER] Complete 50 airport trips starting today and earn a $175 reward. For more info: "
Uber, are you serious?
Even if I complete two airport runs per an hour to MGM and wiz back after each trip, that's $175 divided by 50, or only $3.50 extra per trip.
That's $7/hour on top of the $3.75 normal fare, or $7.50/hour if I manage two airport runs per hour, for a maximum grand total of $14.50/hour. And then only if I can repeat that performance 25 times! If any attempts fail and it takes longer than 30 minutes roundtrip, this "promo" results in less than minimum wage.
No thanks, Uber.
As for Lyft:
"CES is here! Don't miss out: Give at least 50 Lyft rides by 11:59 PM Jan. 9, and you could win one of 5 $100 Visa gift cards. See terms: "
Lyft, are you serious?
For the many thousands of drivers in Vegas, you are offering a whopping prize pool of $500, split up five ways?
Suppose I bias my driving and turn down more rides from Uber than I usually do, to increase my number of entries in the Lyft contest and improve my odds of "winning" one of these amazing $100 Visa cards.
If my odds are one-in-5000 of winning, but I lose out on $100 from Uber rides, wouldn't I have had better odds by not changing my driving plan, taking all the rides that Uber sends me, and then betting that $100 on Deuces Wild and hoping to hit four deuces to walk away with $250?
Both of these promos are money losers, so thanks, but no thanks Uber and Lyft.