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A bonus to RIVAL all others...

Discussion in 'Online Casinos' started by KasinoKing, Mar 14, 2012.

    Mar 14, 2012
  1. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    A long standing group of idiots operating several Rival casinos, who have a history of having INSANE bonuses, just opened a new casino...

    ... well they wouldn't want to surprise us by offering something vaguely sensible, now would they?

    A bonus to RIVAL all others...: InsaneBonus_Mar12.JPG,Mar 14, 2012

    Let me just summarise that for you:
    You have to wager FORTY-FIVE times the amount of your Deposit AND the Bonus on slots with an average RTP of 96%.
    Assuming by some miracle, that you survive the WR - at the end they TAKE AWAY the amount of the bonus.
    But that is not the end...
    In order to cash-out you need to win 3 times the bonus...
    BUT, if you get really lucky you can't keep more than 10 x the bonus.

    Let me give you an example of what that means in $ terms:
    You deposit $100 and get a $300 bonus - so you start with $400.
    To cash-out you have to wager $18,000.
    To cash-out you have to take your balance to at least $900.
    That means you have to wager $18,000 and make $500 profit = an RTP of 102.78%.
    Now 102.78% over say $500 of wagering is not that special - but over $18,000 of wagering....! :eek2:

    This has to be one of the WORST bonuses I have EVER seen - and believe me, I have seen a LOT of CRAP in my time!

    KK
     
    13 people like this.
  2. Mar 14, 2012
  3. ksech

    ksech Dormant account

    Occupation:
    yes
    Location:
    Here
    The sad part is an inexperienced newbie is going to see that offer and think it is great. :(
     
  4. Mar 14, 2012
  5. zap987

    zap987 Meister Member PABnononaccred2

    Occupation:
    .
    Location:
    Sweden
    $18000 wagerging is only 1800 spins at $10, all it takes is one good free spin round on Scary Rich or a similar high variance slot early on. 102.78% RTP over 1800 spins happens all the time. Biggest issue is the max cashout but a max of $3000 isn't that bad to call the bonus crap even if it does cut into the value a lot.
     
  6. Mar 14, 2012
  7. Seventh777

    Seventh777 RIP Roy

    Occupation:
    Builder, mainly renovations.
    Location:
    Planet Tharg, dark side, where nothing grows.
    And this is assessed on a starting balance of $18000 KK`s example was based on a starting balance of just $400 and gives only 40 spins on your deductions.
     
  8. Mar 14, 2012
  9. zap987

    zap987 Meister Member PABnononaccred2

    Occupation:
    .
    Location:
    Sweden
    How do you see me assume a $18000 starting balance? Yes of course you will have quite a few times you bust out in 50 or so spins and you have lost $100 but it will also happen that you don't and end up with a reasonably big cashout. Will it happen once every 30 times you take the bonus? I have no idea, possibly not, and the max cashout is what makes the bonus weak, but wagering requirement barely matters as long as you adapt your bet size. Remember when you bust out early you avoid a lot of wagering requirements which is good for the player and bad for the casino.

    I'm not saying everyone should rush ahead and do that, but from the casinos side, they have to assume a large number of people taking the bonus and that these people figure out how to play it to get the best value.
     
  10. Mar 14, 2012
  11. PNEFOREVER2

    PNEFOREVER2 Senior Member MM

    Occupation:
    Parcel Sorter.
    Location:
    Preston,lancs
    I think the most problematic part of this is most newbie gamblers will see this as a good deal as what noobs;

    A) Work out the numbers

    B) know such a place like casinomeister exists so they can i) Check if this is a legit offer ii) complain when they undoubtedly throw their money away (in other words they're just going to accept the inevitable)

    You can defend a 1000x playthrough bonus of 50 quid by saying "just up your bet".Doesn't make it any more legit or attractive.

    Sorry,but if it happened all the time they certainly wouldn't be offering this ludicrous bonus.

    I have been online gaming just short of 1 year and it has never happened to me,as I have never been so stupid to entertain such a "bonus".
     
  12. Mar 14, 2012
  13. zap987

    zap987 Meister Member PABnononaccred2

    Occupation:
    .
    Location:
    Sweden
    So you think I'm stupid for actually looking at the numbers instead of calling the bonus crap only based on the WR. If math makes me stupid I don't mind I guess. Just because you don't want use your brain to look at all the factors doesn't mean the casino can ignore it, there are a lot of people out there waiting for a casino to make a mistake in a promotion and clean them out. Why wouldn't a 1000x playthrough bonus be legit or attractive if the bonus % was high enough?
     
  14. Mar 14, 2012
  15. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    Important point here is that rival casinos often limit your bet size via the software to $3-5 per spin....and they don't tell you what the limits are beforehand either, just that your betsize may be decreased.

    Could make a difference to zaps calculations and assessment, which seem pretty sound to me BTW.
     
    Last edited: Mar 14, 2012
  16. Mar 14, 2012
  17. The Viking

    The Viking Ueber Meister MM

    Occupation:
    chef
    Location:
    Faroe Islands
    Here is a good one this is a bonus offer at Always Vegas, if you max your bonus here you have to have your balance at 100.000 bux:eek: before you can withdraw, this offer has been in my account for a year now i have mailed support about it, actully mailed them about 3-4 times about some issuie but never got a reply so havent played there in ages
    and finally a fun old offer from Dendara look at the playthrough lol that was changed shortly after
     

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    1 person likes this.
  18. Mar 14, 2012
  19. Seventh777

    Seventh777 RIP Roy

    Occupation:
    Builder, mainly renovations.
    Location:
    Planet Tharg, dark side, where nothing grows.
    That Dendera bonus is so Fubar it`s laughable, 8000000x w/r Bonus and deposit pmsl.
     
  20. Mar 18, 2012
  21. takethemoney

    takethemoney Banned User - Chargebacks at Slotastic

    Location:
    Washington
    Not to be a butt, but.......

    This is not the greatest topic for someone who has quit gambling to view.......just saying. ;)

    This thread also serves as good reminder for those who feel like they get suckered into these types of bonuses. I'm happy to be free of all this shit for about a month now.
     
  22. Mar 18, 2012
  23. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    You aren't being forced to read it ttm.

    Honestly, you should stay away from here altogether. Even watching other people talk about gambling can be a bad thing.
     
    2 people like this.
  24. Mar 18, 2012
  25. P.V.

    P.V. Senior Member webmeister

    Occupation:
    Make money!
    Location:
    Turn around...
    Shouldn't TTM be restricted to the Quit Gambling thread only?
     
  26. Mar 18, 2012
  27. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    He's segregated to the non-gambling sections. And this thread really should be in the Online casinos section (or similar).
     
    1 person likes this.

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