I wondered the other day what would happen if you won a progreesive jackpot on a free chip or bonus with a max cashout? Say you won $1,000,000 on a progressive and you had a max cashout of $500 on your chip/bonus. I know that when a player is playing that a percentage of each bet is added to an overall pool of money for the progressive prize.
Out of curiosity I asked a CS at an RTG casino what would happen if you won a progressive while on a max cashout bonus and was told that you would only be allowed to withdraw the max cashout that has been imposed on your account. I then asked what happens to the rest of the money from the Progressive? I got the answer that the rest of the progressive would be forfeited. I asked where the money goes then, seeing as the money has been added to a pool of players bets to create a large jackpot for a lucky player to win? The CS told me that money would be forfeited to the casino! I asked the CS how this could be fair as the money wouldn't belong to them as it is a pool of money that has been accumulated from players bets and how they could justify taking the excess $999,500 and pocketing it? The CS told me that they were not sure after all if that was the process and told me that that is why they advise players with a max cashout to not play progressives(Note that they do not ban it or lock the progressives out in any way!) The CS Then abruptly said bye and ended the chat!
(Had chat log for this but can't seem to find it. If I do I will post it.)
My question is this....
Does anyone know what would happen in that circumstance?
(I would love a Reps Opinion/View/Protocol on this as this would be interesting to know)
I don't see it as fair that a casino should score $999,500 from a player pool due to a player having a max cashout on a free chip or bonus. The money should be returned to the jackpot for a 'real' player to win and not pocketed by the casino.
This is purely hypothetical and I am unsure as to whether this has happened in reality or not? I do tend to wonder about things like this though!
Cheers
Gremmy
Out of curiosity I asked a CS at an RTG casino what would happen if you won a progressive while on a max cashout bonus and was told that you would only be allowed to withdraw the max cashout that has been imposed on your account. I then asked what happens to the rest of the money from the Progressive? I got the answer that the rest of the progressive would be forfeited. I asked where the money goes then, seeing as the money has been added to a pool of players bets to create a large jackpot for a lucky player to win? The CS told me that money would be forfeited to the casino! I asked the CS how this could be fair as the money wouldn't belong to them as it is a pool of money that has been accumulated from players bets and how they could justify taking the excess $999,500 and pocketing it? The CS told me that they were not sure after all if that was the process and told me that that is why they advise players with a max cashout to not play progressives(Note that they do not ban it or lock the progressives out in any way!) The CS Then abruptly said bye and ended the chat!
(Had chat log for this but can't seem to find it. If I do I will post it.)
My question is this....
Does anyone know what would happen in that circumstance?
(I would love a Reps Opinion/View/Protocol on this as this would be interesting to know)
I don't see it as fair that a casino should score $999,500 from a player pool due to a player having a max cashout on a free chip or bonus. The money should be returned to the jackpot for a 'real' player to win and not pocketed by the casino.
This is purely hypothetical and I am unsure as to whether this has happened in reality or not? I do tend to wonder about things like this though!
Cheers
Gremmy
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