iNetBet´s Tournament max cashout

[maphesto]

I received an email from iNetBet and when I read about the tourney/offer I wonder how a player can win on it?

http://www.inetbet.com/birthday2.asp

Can you help me understand it? As I read it the player who wins the most with 11$ wins 100$ but all money he has on his account is being removed even if he has won a RJ.

Of course, if the winning player has 60$ on the account when the tournament is over he´s winning 40$.

Or am I totally wrong?

I hope you see something that can explain the whole thing.

[De Beuker]

As I read it, its a 10% bonus with 50x bonus playthrough and if you manage to win the tourney you can only get $100.- of your winnings.
ROTFL!!
Who invented this one?

And I'm bonusbanned, I cannot join!

[maphesto]

And I'm bonusbanned, I cannot join!

I´ll bet you are angry all weekend over this..

Seriously, are there any reading players who take this bonus/offer?

[lauram]

After you have finished your playthrough on this tourney, all your winnings are removed. Then it leaves you with your 10 dollars to play as normal.

[oldtrvlagt]

I had to read this twice...why would anyone do it? With my luck it would be the one time I'd win a RJ (at INET) and they would take it away

[maphesto]

Yes, and how clever is it to take part in that?

I can see the scenario:

1. Player with 3000$ bucks on the account "wins" 100$ and 2890$ is being removed from the account. (3000-100-10)

On fifth place I show up after hitting my first RJ on 1300$ and all my winnings are removed but I can keep those 10$ I deposit..

[oldtrvlagt]

Exactly! I can't remember the last time I cashed out from there...but if that happened I would have to shoot myself

[chuchu59]

If there are lots of players who take up this offer it is likely that there will be plenty of them with winnings in excess of $100. However, there is only one winner of $100 and there will also be 3 other players being prized with a total of $150. Therefore, the total prizemoney is $250 but God know how much in winnings they will be confiscating not to mention those who busted in the process.

[iNetBet Promos]

Hi Everyone,

This was just a quick tourney set up for for slots players as something different to do.

It is not a bonus it is a tournament.

As in any tourney you pay an entrance fee to take part. Then you wager for a given period and the winner is determined by certain criteria. In this case whoever, in the given wagering, turns their $11 into the most wins.

Once wagering is met your initial fee is returned to you.

As we do not have an tournament system in the RTG software so we thought this might be a novel way to run something like this.

Saying that winnings are being taken away is not true. You need to look apon these as bonus tournament funds and not real funds.

As you well know if any Random Jackpot is hit, that cannot be cashed out, we will add these back to the Jackpot. So nobody will be missing out on anything.

In fact should players take part in the tourney it will actually benefit the Jackpot amounts as all play will be adding to the Jackpots.

Again this is just something a bit different, if you do not want to take part then that is fine.

Have a good weekend.

iNetBet Promos

[oldtrvlagt]

The only problem with this is that players are depositing "Real Money". The casino is in a no lose situation because you only need a handful of players to cover the "prizes". The idea that someone could "trigger" a random jackpot under these conditions is IMHO a complete turnoff...much the same as it is with the "managers bonus".

My 2 cents worth...obviously I'm not playing.