Clubworld zero WR bonus???

[LondonDJ]

Hi gang,

Received an interesting bonus offer from Clubworld:

Hello,

Whilst most people are working hard to stick to their New Years Resolutions we are working on New Years No Restrictions.

No Restriction Bonus
Use this fantastic code (XXXXXX) to get a bonus with no game restrictions or playthrough.

30% No Restriction Bonus Up To $250

TCS are as follows

The deposit and the bonus must be wagered zero (0) times before a cashout is permitted.
There are no excluded games with this code.
This coupon code will allow you to claim up to a maximum of $250 in bonus cash.
This code can be used one (1) time during the promotion time frame.

Anyone else received this? Is there any sort of catch? Is the bonus itself non-withdrawable?

thanks.

 

[weesie]

Yes, I got it too. They use to be at least 40%...............

 

[LondonDJ]

Just checked with Clubworld and the bonus and the bonus is non-withdrawable. Still a pretty good offer though...

...Will give it a go and report back if I win!

 

[Tirilej]

Yes, I got it too. They use to be at least 40%...............

Oh no weesie...that sounded almost as a complaint

I've never used a bonus at Club World but if I could I would use that one directly.

I hope I get the offer again later.

 

[dunover]

Taken at face value it's quite an attractive offer. It's almost a 'second chance' scenario - if you win with your initial cash deposit, you can w/d at any time and forfeit the bonus, if you lose you can then use the bonus to try and make up the ground, and once you exceed the bonus amount that amount becomes cash that can be withdrawn at any time. Almost too good to be true. Are there any w/d limits on multiples of the bonus that can be cashed out if you go into the bonus amount??

 

[LondonDJ]

well that was quick!

deposited 300 so had 425 odd to play with. Burned through it all on Raindance at $5 and 2$ bets with no sniff of a feature. Never mind - that's gambling eh!

No max withdrawal as far as I know.

 

[weesie]

No, there is no max withdrawal. The bonus is not cashable and will be subtracted from any withdrawal.

 

[KasinoKing]

No, there is no max withdrawal. The bonus is not cashable and will be subtracted from any withdrawal.

This is what annoys me about most sticky, non-cash-out-able bonuses - NONE of them should have WR (or at least, not a stupidly high WR), because you need to get an RTP of more than 100% to withdraw even 1c more than you deposited.
That's why many (including me) call them "Phantom" - because they might just as well not be there in most cases.

OK, they DO give you more play-time - but more play-time = more bets exposed to the house edge = more chance for the CASINO to win.

KK

 

[chuchu59]

Should you believe their table games to be fair just lump the deposit and bonus on a single game and be done with it. With slots, well its not pretty much of an advantage if you don't hit big early. I recall having seen much bigger no-wagering bonuses at Virtual so if players find CW's 30% promo attractive then Virtual's offer is outta the world. Still, you have to worry about the pending/processing periods and whether you will get paid.

 

[weesie]

Oh no weesie...that sounded almost as a complaint

LMAO! Of course it is!