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Old 7th July 2005, 10:04 PM
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Quote:
Originally Posted by bradleyt
I did the $80 + $80 in December and was up to over $290 after meeting the wager requirements. Well to cash out you have to wait for your pin via snail mail which in my case took about 2 weeks.

So I figured I was invincible and started betting $25 - $50 a hand and I'm pretty sure you can guess what happened.

This month I also did the $80 + $80. You'd think I would have learned my lesson from earlier but in a hurry to meet the wager requirements I did $20-50 a hand and I'm pretty sure you can guess what happened again lol.

My thoughts:
I COULD HAVE cashed out $290 if I'd waited another week. Did they know I was going to continue playing and weren't concerned about me winning? No because once I did get up to $290 I stopped for a few days while waiting for my PIN number. I could have just as easily stopped playing until I did get my PIN and cashout a modest score but I'm a gooberhead.
Why do you have to wait for your pin to arrive via snail mail?? Because they know how huge the temptation is to play through your winnings while waiting. I have did one worse, way worse than that on 3 seperate occasions while waiting for a pin.

$3800 win at intercasino lost while waiting
$2500 at oriental casino while waiting
$4200 at Aces High

And thousands more, those are just the ones I remember. These were usually for buy ins of about $500 or so, so thats about $12,000 worth of wins that turned into a $1500 loss.

this was when I was way more compulsive than I am now, now days I maybe buy in for $40. When you play $100 a hand, it goes by quick, and you expect that winning streak to come back but it never does/

Willpower was always my biggest downfall, but then again if I didn't engage in such risky behavior I would never have racked up those wins either. I would be great all week, then come the weekend I would probably go out partying and then come back buzzin and feeling invincible and try to win more. And of course, as murphys law would state, the next day the pin would usually show up.
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Old 8th July 2005, 04:54 AM
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Think about it:

Most of these gave have a theoretical 1-5% house edge. If a casino gives liberal bonuses, they are giving their edge away. How could they stay in business without cheating and raising the house edge?

Also, have you ever noticed how the free practice games at online casinos almost always play looser than the real games?
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Old 8th July 2005, 05:51 AM
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[QUOTE=toofast4u]Why do you have to wait for your pin to arrive via snail mail?? Because they know how huge the temptation is to play through your winnings while waiting. I have did one worse, way worse than that on 3 seperate occasions while waiting for a pin.

$3800 win at intercasino lost while waiting
$2500 at oriental casino while waiting
$4200 at Aces High

And thousands more, those are just the ones I remember. These were usually for buy ins of about $500 or so, so thats about $12,000 worth of wins that turned into a $1500 loss.

QUOTE]

But once you receive the PIN, the withdrawal is instantaneous, and is not subject to "reversal" (like in MG casinos).
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