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Your Input Please A new bonus option?

Discussion in 'Online Casinos' started by brianmon, Jun 14, 2016.

    Jun 14, 2016
  1. brianmon

    brianmon Meister Member webby mm4

    Occupation:
    self-employed
    Location:
    uk
    How many times, while playing with a bonus, have you won a decent amount at the beginning of the session and been stuck with wagering?

    What if Casino's could offer an option of an early surrender value?

    Obviously It wouldn't be the full value of your balance. But surely someone could write an algorithm to work out a surrender value, taking into account how much was left to wager, the chances of completing wagering, the chances of increasing the balance by placing with higher stakes (now your bankroll is bigger), previous playing patterns and stake to balance ratios

    Last week i took a 50% bonus on £60 at 32Red, and while playing IR my balance increased to £550 with about 80% of wagering to go, I'd have been quite happy to 'cut a deal' and take, say £250 and walk away (it's still a decent profit on a £60 deposit). As it is, I completed the wagering with a balance of about £375. So 32Red could have potentially saved £125 and I'd have been just as happy with £250 as £375.

    another example. In April I took a 50% bonus on £60 at Energy casino, again, bumped my balance up to £500, then hit a £500+ bonus round on IR giving me a balance of over £1000, still with a huge wagering to go. So, having to carry on because of the wagering, I upped my stakes a little and eventually hit an £1100 bonus round on JP, my balance then stood at around £1500. Now my balance was high enough to start playing at £3 a spin on TSII and IR. Unfortunately I didn't hit any more huge wins, but the potential was always there. I did however complete the wagering and withdrew £1800.

    Once my balance had hit £1000, I'd have been quite happy to have surrendered the bonus for £500-£600 settlement, but as it is I was forced to carry on because of the wagering, and the casino would have saved £1300.

    I know about the sites who offer early withdrawals, if you haven't touched the bonus money.
    But these work more like a second chance / cash-back, since in order to avoid going into the bonus you really need to forget about the bonus money and play with stakes appropriate to the cash balance only.


    Obviously bonus experiences aren't all as positive, and the idea is just off the top of my head. I haven't done any kind of calculations or any deep thinking into it. It's just an idea and a topic of possible discussion
     
  2. Jun 14, 2016
  3. goatwack

    goatwack enthused hangman CAG

    Occupation:
    Turns Tricks
    Location:
    Londonia
    Good idea but far too heavily weighted in favour of the player. Casinos are reliant on the player not clearing the bonus and would much prefer it play out naturally.

    The 'free' funds allocated by the casino are just there to implement what is ultimately the winning house edge. The only good bonus systems have been mentioned whereby an early withdrawal can be made, but as much as I'd love to see a compensatory option available there is no reason why any casino should entertain that idea.
     
    2 people like this.
  4. Jun 14, 2016
  5. Harry_BKK

    Harry_BKK Senior Member CAG mm1

    Occupation:
    job is OK
    Location:
    Balcony
    Can see where you are coming from but will repeat myself.

    Bonuses are for the benefit of the casino, not the player and one of the most common player retention tools available to them. You pointed out 2 sessions where you successfully completed the WR but how many did you not?

    My ratio for straight deposits vs. deposit with bonus has changed to 10:2 from 10:7 just a year ago. I just can't be bothered anymore with ever increasing WR, ever more complex T&C's, ever longer list of excluded games etc etc.

    Giving then half your winnings to the casino as a concession to withdraw early is like handing over cash to them. If i take these days a bonus i see it as an extra challenge to make it through the WR or i use the depo+bonus as warm-up for the session.
     
    2 people like this.
  6. Jun 14, 2016
  7. hedgehok

    hedgehok Senior Member mm3

    Occupation:
    self-employed
    Location:
    Germany
    Good idea Brianmon.

    It's very much comparable to a betting slip where 4 out of 7 are won and the bookie offers you to buy back the slip for reduced odds. Something similar was the offer to "Leicester to win the league" bettors during the PL season.

    In your example 32red would gladly offer you £250 when you are at £550 including 80% WR of a £60 bonus. Even if they offer you £450 it would be a good deal for them if they know you are somebody who often withdraws when you meet WR (compared to another player who tends to continue playing significantly when a bonus was played through; they could offer these players a reduced compensation). Of course you could also bust or lose more when you are forced to continue playing by WR but on average they would strike a good bargain and also flatten their Cashflows.

    But yes casinos could do offer compensations during WR and it's an innovative idea for sure.
     
  8. Jun 14, 2016
  9. bowki

    bowki Senior Member

    Occupation:
    -
    Location:
    Germany
    I might be wrong here, but i think casumo offers exactly what you are looking for. Im new there and never tried it, but i saw this buy-out option when i was playing with a bonus.

    There is always the option to take a part of your bankroll out.

    Feel free to correct me if i got this wrong. :)
     
    1 person likes this.
  10. Jun 14, 2016
  11. goatwack

    goatwack enthused hangman CAG

    Occupation:
    Turns Tricks
    Location:
    Londonia
    If this option were to ever be commonplace, expect to take a 50-75% hit on your bankroll as a prerequisite when cashing out early on, and maybe 10-25% with half of wagering done, I expect. Taking the bonus is in effect a binding contract so expect to be penalized.

    Although 'live in-play' betting does cater for early cashouts, I don't feel this format is compatible with slot play as more often than not it is the punter's own money and not a casino's free funds.
     
  12. Jun 14, 2016
  13. curremon

    curremon Senior Member PABnononaccred MM

    Occupation:
    Working
    Location:
    finland
    Casumo, folkeautomaten, casinostugan, comeon, suomikasino...

    These offer bonuses just like that:

    You take 100% bonus with 20e deposit and get 40e to play with, win 600 on first spins so you have now 639,40e (60cent spin)
    forfeit bonus and you are left with 319,20e what can be withdrawn
     
  14. Jun 14, 2016
  15. brianmon

    brianmon Meister Member webby mm4

    Occupation:
    self-employed
    Location:
    uk
    Agreed.

    But the surrender amount is a fixed ratio of the deposit/bonus, rather than taking any other factors into account.
    Plus they have pretty high WR or 25x D+B (at casumo), meaning it's usually always best to withdraw early rather than attempt the WR
     
  16. Jun 14, 2016
  17. nikantw

    nikantw Ueber Meister MM PABaccred

    Occupation:
    A bit of this and that
    Location:
    EU
    Gaming Club and sisters have that thing where 95% (or something like that) from every win goes to your bonus balance. That doesn’t change the wagering left. It is there to show how much you can withdraw right now, that is your cash balance, no matter what wagering you have left. That is how live chat told me it works. Of course WR is 50x starting bonus and they don’t have jackpot games.
     
  18. Jun 14, 2016
  19. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    For once St*rb*rst could actually be useful:
    (Opens chat)

    "I have just won £1000 with my £50+50 deposit plus bonus. I have 70% of wagering left. If you don't let me cash-out NOW for £750 I'll put St*rb*rst on £1 a spin for 1000 spins and you'll be sorry!" :D
     
    1 person likes this.

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