BELLEROCK Does is again.

[me_and_ed]

I received the below email:




Wager, play & cash in today!

Deposit 50 bucks and we will give you 10,000 loyalty points.

This offer expires on Tues 31 March 2009 and your account will be credited by 17h00 GMT+2 on Wed 01 April 2009.

Earning points does not stop here. Well reward you with Cash Back Points for every wager you place on any game you choose to play!

So make your choice, place your bet and watch your Loyalty Points roll in!
More cash, more credits and more winnings could be coming your way at Lucky Nugget Online Casino.



So I log into my account today, no loyalty points but $50 in my bonus account???

[winbig]

I received the below email:




Wager, play & cash in today!

Deposit 50 bucks and we will give you 10,000 loyalty points.

This offer expires on Tues 31 March 2009 and your account will be credited by 17h00 GMT+2 on Wed 01 April 2009.

Earning points does not stop here. Well reward you with Cash Back Points for every wager you place on any game you choose to play!

So make your choice, place your bet and watch your Loyalty Points roll in!
More cash, more credits and more winnings could be coming your way at Lucky Nugget Online Casino.



So I log into my account today, no loyalty points but $50 in my bonus account???

Their form of an preemptive April Fool's joke on players?

Just curious, how much $ are 10,000 loyalty points worth?

[me_and_ed]

Their form of an preemptive April Fool's joke on players?

Just curious, how much $ are 10,000 loyalty points worth?

$50, so it is equal, but just different.

[vinylweatherman]

I received the below email:




Wager, play & cash in today!

Deposit 50 bucks and we will give you 10,000 loyalty points.

This offer expires on Tues 31 March 2009 and your account will be credited by 17h00 GMT+2 on Wed 01 April 2009.
Earning points does not stop here. Well reward you with Cash Back Points for every wager you place on any game you choose to play!

So make your choice, place your bet and watch your Loyalty Points roll in!
More cash, more credits and more winnings could be coming your way at Lucky Nugget Online Casino.



So I log into my account today, no loyalty points but $50 in my bonus account???

They have credited it early too!

Quite a few MGS casinos have sneaked something unpleasant in "under the radar", and that is that cashed in LOYALTY points are now BONUS, and NO LONGER CASH. They have promoted this as an IMPROVEMENT in benefits, but I do not take this INSULT to my intelligence lying down. MATHEMATICALLY, this is a VERY significant REDUCTION in benefits, since although you might earn points at a greater rate, their VALUE is that of their gross value LESS their EV after the 30x base playthrough has been made. Mathematically, ALL loyalty points now have a long term mean value of.............


ZERO


Proof (teacher always said "show me the working out")

$50 in cash - former position. Well, worth $50, easy


$50 BONUS @ 30x slots playthrough.

$1500 to wager, expected return is 0.95*$1500 or $1425

Worth of $50 loyalty points is -$25 (if placed with a deposit), or ZERO if placed and played in empty account.


In order to raise the worth above zero, then certain methods of "advantage play" are necessary, thus casinos have produced a new weapon in the ever escalating "arms race", making loyalty points next to worthless for ordinary players, and of less worth to advantage players, who now have to develop new strategies for dealing with, and valuing, loyalty points, which are already a miserable percentage of gross wagering in many casinos.

The Palace Group have introduced this new loyalty policy, and have indeed sought to convince players it is an IMPROVEMENT. They should have introduced it tomorrow, not last month

In the long term, it looks like MGS casinos will begin to use the loyalty point system to create a new method of granting bonuses, adding to the current deposit related, free chip, and free games methods.

BelleRock, if you remember, were responsible for that infamous "Gift Crap" promo when MGS first introduced this feature.

Deposit $50 and get free spins on Gift Rap - Merry Xmas they said. SCROOGE as it turned out, free games were ONE line at ONE CENT

[me_and_ed]

They have credited it early too!

Quite a few MGS casinos have sneaked something unpleasant in "under the radar", and that is that cashed in LOYALTY points are now BONUS, and NO LONGER CASH. They have promoted this as an IMPROVEMENT in benefits, but I do not take this INSULT to my intelligence lying down. MATHEMATICALLY, this is a VERY significant REDUCTION in benefits, since although you might earn points at a greater rate, their VALUE is that of their gross value LESS their EV after the 30x base playthrough has been made. Mathematically, ALL loyalty points now have a long term mean value of.............


ZERO


Proof (teacher always said "show me the working out")

$50 in cash - former position. Well, worth $50, easy


$50 BONUS @ 30x slots playthrough.

$1500 to wager, expected return is 0.95*$1500 or $1425

Worth of $50 loyalty points is -$25 (if placed with a deposit), or ZERO if placed and played in empty account.


In order to raise the worth above zero, then certain methods of "advantage play" are necessary, thus casinos have produced a new weapon in the ever escalating "arms race", making loyalty points next to worthless for ordinary players, and of less worth to advantage players, who now have to develop new strategies for dealing with, and valuing, loyalty points, which are already a miserable percentage of gross wagering in many casinos.

The Palace Group have introduced this new loyalty policy, and have indeed sought to convince players it is an IMPROVEMENT. They should have introduced it tomorrow, not last month

In the long term, it looks like MGS casinos will begin to use the loyalty point system to create a new method of granting bonuses, adding to the current deposit related, free chip, and free games methods.

BelleRock, if you remember, were responsible for that infamous "Gift Crap" promo when MGS first introduced this feature.

Deposit $50 and get free spins on Gift Rap - Merry Xmas they said. SCROOGE as it turned out, free games were ONE line at ONE CENT

If I am to get loyalty points that is what I want, not a bonus, nowhere does it say bonus. I am uninstalling and closing my BR accounts.

[vinylweatherman]

If I am to get loyalty points that is what I want, not a bonus, nowhere does it say bonus. I am uninstalling and closing my BR accounts.

I am not sure if BelleRock have implemented this yet, but by crediting a $50 bonus in lieu of the loyalty points, they are perhaps indicating their intentions.