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Question If deposit bonuses are so EV- and 'in favor of the casino'.....

Discussion in 'Online Casinos' started by brianmon, Jan 22, 2017.

    Jan 22, 2017
  1. brianmon

    brianmon Meister Member webby mm4

    Occupation:
    self-employed
    Location:
    uk
    ..... Are there so few on offer these days?

    I'm not talking about SUB's, but the offers for regular players?

    32Red have cut their offerings down to 10-25%.
    There are still the occasional 50% offerings from some other casinos (usually once or twice a month)
    And there are even some who still offer the occasional 100%, but even those are sometimes silly offers, as in Thrills.com - 100% bonus, upto £10 !!!!

    So, If deposit bonuses of 50-100% are (apparently) SO EV- and in favor of the casino, are they not offered more often????
     
  2. Jan 22, 2017
  3. petro

    petro Dormant account, per user request PABnoaccred2 PABaccred

    Occupation:
    N/A
    Location:
    Narnia
    I wouldn't know much about it anymore ;)
    I've basically quit online casinos and moved on to "greener pastures" :D

    Have fun at internet casinos in 2017 (evil laughter echoing.)
     
  4. Jan 22, 2017
  5. goatwack

    goatwack enthused hangman CAG

    Occupation:
    Turns Tricks
    Location:
    Londonia
    They may favour the casino but are probably not as profitable for them as we all believe.

    Perhaps many are keen on phasing them out altogether and we are seeing the results of this. Coupled with the assortment of prohibited games available to players it seems fewer players are taking these bonuses.

    Chances are casinos might squeeze a couple of percent profit out of bonus offerings, but given that many will opt to find the highest variance game they can in view to making a killing, the risks just don't seem worth it to them.

    Also consider that loyalty points, cashback and the like will also tally up even when using a bonus, further minimizing their margins. Bonuses will be gone within the next five years the way I see it.
     
  6. Jan 22, 2017
  7. SlotGrinder

    SlotGrinder Senior Member

    Occupation:
    Poker Player
    Location:
    England
    Because generally bonuses don't favour the casino . They give you free money and set wagering high enough that you are expected to lose that free money but ultimately they can never win more than the amount you deposit so it's still an extra financial risk. Yes the enforced wagering makes it still +ev for the casino but a lot of your play time can be spent wagering the casino's own money which isn't ideal for them . But they need to entice you to deposit at their casino somehow
     
  8. Jan 23, 2017
  9. geordiecolin

    geordiecolin Senior Member CAG PABnononaccred mm4

    Occupation:
    Manager
    Location:
    West Sussex
    What is EV please?
    I like your reasoning in this post. :thumbsup:

    But talking about deposit offers. I was sent an email from Netbet offering me a 100% deposit deal so I deposited at 1030 this evening. No match was given. The CS that was meant to be open until 11 was closed at 1030. Their phone helpline kept me waiting in a line for 15 minutes before I gave up and the email I sent at 10.35 has had no reply. It was my only deposit all weekend because I've been too busy. :(
     
  10. Jan 23, 2017
  11. petro

    petro Dormant account, per user request PABnoaccred2 PABaccred

    Occupation:
    N/A
    Location:
    Narnia
    EV is an acronym for "expected value."
    It's the actual dollar value of bonuses.

    Here's a basic example of EV:
    Suppose someone offers to play a coin flipping game with you.
    The rules are: if the coin lands on heads you lose $1 and if the coin lands on tails you win $1.50.
    Assuming the coin is fair, the game has an EV of $0.25
     

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