New Bonus Type

[tencardcharlie]

I honestly don't believe we want to trick any player with this bonus, the whole idea was to create exactly the opposite, an appealing, simple bonus with no restrictions.

Just for clarity: I don't believe that the purpose is to trick anyone, I just feel that having this unnecessarry 50% rule might have the unwanted effect that some players will deposit on false premises.

[XXLClubCasino]

For those interested in the performance achieved from this promotion 0.2% in favor of the casino (payouts % to player participating in the promotion 99.8%)

The sample data is small but shows clearly that the players wanting to risk all of their deposits (max 400) in a couple of hands were successful doing so, when busted decided mostly to play and try to breakeven. This contrast to the prediction that players would prefer to directly cashout the kickback.

I understand from this that gambling is also a source of entertainment for certain players, so surely not the majority of the meister members.

Based on this result I think this offer was a great one for players but not for the casino, despite what some poster assumed.

[XXLClubCasino]

Just for clarity: I don't believe that the purpose is to trick anyone, I just feel that having this unnecessarry 50% rule might have the unwanted effect that some players will deposit on false premises.

I believed that to give the choice to players to either cashout 25% or play with 50% was a better offer.

[tencardcharlie]

I believed that to give the choice to players to either cashout 25% or play with 50% was a better offer.

It is a slightly better offer, as one will gain more comp points and also players who always bet the minimum will get more gameplay (by effectively betting half the usual minimum). Other than that, the offers are identical.

[happygobrokey]

well, there are tons of ways to play it, and since it seems to be limited to once daily or less frequently, it is not as susceptible to abuse as it may look. but it also isn't really cheating the player because it is very clear about everything that is to take place. the only cheat is if the player uses the offer in a way that is not optimal, and they (the players) are only cheating themselves.

[vinylweatherman]

I have thought of a variation on my earlier strategy, instead of cashing in the 25%, play one further hand of Blackjack or Roulette with the full 50% rebate, in effect using it as a sticky bonus with no playthrough. This would further enhance the +EV, and minimise the effect of the 51% or so of losing hands, or 55% losing roulette spins.
It would entail playing Blackjack or Roulette at one or two hands per week to be guaranteed a long term profit, but the wafer thin 0.2% edge the casino experienced while most players had not cottoned on to this shows this offer will not last long in the proposed form, especially when the Dutch find out about it

[Publo]

I've received this promo offer and lost $400 but I have one question.

Promo e-mail says:

From this FREE kick back money you can play any game you want or decide to directly cash it out. At cashout time we will take away 50% of your winnings generated from the FREE bonus, please also note that the maximum cashout from the FREE bonus is equal to the amount you have previously deposited.

IMHO winnings generated from FREE bonus is everything I win on top of that kickback, right? In that case I should receive 100% of my withdrawal which is $200.

[happygobrokey]

I've received this promo offer and lost $400 but I have one question.

Promo e-mail says:



IMHO winnings generated from FREE bonus is everything I win on top of that kickback, right? In that case I should receive 100% of my withdrawal which is $200.

the wording states it that way, but on an earlier page of this thread it is clarified that they only allow you to withdraw 50% of the balance whether you play with it or not.

looks like you only come here (or at least only bother to contribute) when you have a problem yourself, so i wouldn't expect you to have read this. at least you came on to post the positive resolution of your issue wrt casino 770. this is a sweet resource and a vibrant community. i hope you invest more time reading and posting here in future. it's mutually beneficial. and a hoot to boot!

[Publo]

Yes, I saw that but do I need to read Casinomeister to find promotion rules? :/

I'm sure that 90% of players that received this kickback won't realize that in fact that's only 25% cashback. I myself made a withdrawal for $200 but I cancelled it after reading that post.

Another misleading e-mail I received after receiving the cashback:

You have just received your "Best Bonus Ever" kickback for an amount of $200.00!

There is no wagering requirements nor any game restriction associated with this bonus!

Please note that when you initiate a withdrawal 50% of your winnings from this free money will be subtracted and that your maximum withdrawal amount will be 2x $200.00.

That's the sting in this "no string attached" offer.




And I know, I know I'll post some nice winnings screenshots soon. Gambling isn't all about problems

[MPB]

I have thought of a variation on my earlier strategy, instead of cashing in the 25%, play one further hand of Blackjack or Roulette with the full 50% rebate, in effect using it as a sticky bonus with no playthrough. This would further enhance the +EV

That does NOT enhance the EV.
Just do the math:
You bet 50$, win half of the time you win 50$ of which you can cashout 25$ and you lose your cashable 25$ the other half of the time. Overall this makes an EV of 25$, at least if you neglect the HA.
Or put in other words, you cannot win anything with your non-withdrawabkle half of the cashback, since you will never be allowed to cashout that half of your winnings.