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Little bit advice needed: to withdraw or not to withdraw

Discussion in 'Online Casinos' started by gokkie, Oct 9, 2014.

    Oct 9, 2014
  1. gokkie

    gokkie Senior Member PABnononaccred

    Occupation:
    Manager finance
    Location:
    Netherlands
    Hi all,

    Little bit of advice needed, I am curious what you would do.

    I deposited 70€ and took a bonus of 35€
    I got lucky quickly and am now at a balance of 550€

    I now have two options:

    Option 1: withdraw now

    Via de terms and conditions of the bonus I can now withdraws 2/3 of this amount: about 365€
    When I do that I lose the bonus money amounting to 1/3 of the amount: about 180€

    Option 2: Keep playing

    I keep the balance of 550€ but I still have 2400€ wagering to do.
    Any winnings are divided evenly according to the relation between real money and bonus money in the bet. I have now 365 Euro real money and 180 Euro bonus money in my account. A bet of 3 Euro will contain 2 Euro real money and 1 Euro bonus money and any winnings are divided into the same ratio.

    Which option would you choose?

    I am inclined to go for option 1 because of the high wagering requirements but not sure.
     
  2. Oct 9, 2014
  3. Vegasbum

    Vegasbum Senior Member

    Occupation:
    Teacher
    Location:
    Ontario
    In gambling you always take a sure bet...so withdraw what you can now. If you keep playing and lose it all (and that will "probably" happen) you will feel like crap knowing you could have made a withdrawal earlier.

    You are getting 5x your deposit...grab it.
     
    4 people like this.
  4. Oct 9, 2014
  5. gagamel

    gagamel Professional smurf hunter MM

    Occupation:
    Care Manager
    Location:
    Switzerland
    You have won 5x your deposit.

    I would withdraw.:)
     
    1 person likes this.
  6. Oct 9, 2014
  7. 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
    Do the math - you (at 95% RTP) would expect wagering that 2400 to cost you 120, so you'd be better-off carrying on. Your bonus/cash ratio shouldn't make any difference as most casinos don't calculate the bonus WR on partial cash/bonus per spin, but on the whole value of the spin which comes off of the WR.
    If that's the case, find a low-variance slot and carry on and you should be circa 60 better-off than now when WR is met.

    IF the bonus is only coming off on WR at 1/3 of the value of each spin (which doesn't seem likely) then you'd effectively be wagering 7200 so would lose 360 and be 180 worse-off at 95% RTP.
     
    2 people like this.
  8. Oct 9, 2014
  9. gokkie

    gokkie Senior Member PABnononaccred

    Occupation:
    Manager finance
    Location:
    Netherlands
    3€ is deducted from the wagering requirement per spin not 1/3 of 3€.
     
  10. Oct 9, 2014
  11. gagamel

    gagamel Professional smurf hunter MM

    Occupation:
    Care Manager
    Location:
    Switzerland
    Or not, who knows.

    He has this money now and all spins in the future are unforeseeable.

    With or without maths:)
     
  12. Oct 9, 2014
  13. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    Location:
    Edmonton Canada
    If it was me I'd play more - of course that's why I rarely get a withdrawal. :rolleyes:
     
    7 people like this.
  14. Oct 9, 2014
  15. incrediblestuff

    incrediblestuff SearchingForTheHolyGrail! CAG webmeister

    Occupation:
    Currently: Self employed, Previously: Manager
    Location:
    Mostly the Netherlands
    :lolup:

    Sounds like me!
     
    4 people like this.
  16. Oct 9, 2014
  17. gagamel

    gagamel Professional smurf hunter MM

    Occupation:
    Care Manager
    Location:
    Switzerland
    5x your deposit is great.

    Go to your bank and ask when your deposit has 500% return.

    He will piss in his trousers:D
     
    1 person likes this.
  18. Oct 9, 2014
  19. Wild Reels

    Wild Reels Meister Member webmeister

    Occupation:
    IT
    Location:
    United Kingdom
    i would take the money, and if i felt like playing more find a new deposit bonus and get even more value from it, 100% bonus of 100 euros at 3-4 casinos
     
    1 person likes this.
  20. Oct 9, 2014
  21. Valhalla

    Valhalla The Professional MM

    Occupation:
    Poker Player
    Location:
    Northern Ireland
    WITHDRAW! WITHDRAW! WITHDRAW! :eek:

    Without a shadow of a doubt, I would always withdraw 5x my deposit if and where applicable :D
     
    1 person likes this.
  22. Oct 9, 2014
  23. gokkie

    gokkie Senior Member PABnononaccred

    Occupation:
    Manager finance
    Location:
    Netherlands
    I decided to go for the withdrawal. Show me the money! :lolup::lolup:
    Thanks for all advice given :)
     
    7 people like this.
  24. Oct 9, 2014
  25. 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
    In that case you are EV+ to cash out more than you are doing now. I'd play on, on the bonus/cash ratio you are quoting you can still cash out later anyway before meeting WR if things don't go your way..:)
     
    1 person likes this.
  26. Oct 9, 2014
  27. AlmostFamous

    AlmostFamous Experienced Member

    Occupation:
    Writer
    Location:
    NYC
    $$$$ Congrats on the win!! $$$$

    :lolup::lolup::lolup::lolup:Congratulations on the win!! :lolup::lolup::lolup::lolup:

    Take the money and run!!
     
    2 people like this.
  28. Oct 10, 2014
  29. gokkie

    gokkie Senior Member PABnononaccred

    Occupation:
    Manager finance
    Location:
    Netherlands
    Well what do you know?
    I cashed out, made a few small deposits without a bonus and cashed out 900€ more! :lolup::thumbsup:
    I posted a nice screenshot in the winners screenshot session. A huge base game hit on the turd (Creature from the black lagoon)

    So I guess it was the right decision ;):p
     
    7 people like this.
  30. Oct 10, 2014
  31. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    Location:
    Edmonton Canada
    lol I am SO glad that you're smarter than me! :thumbsup: Good going, keep up the good work!
     
    1 person likes this.
  32. Oct 10, 2014
  33. Tirilej

    Tirilej On a Break

    Occupation:
    Breathing
    Location:
    Sweden
    So now we have all learned one important thing from this thread:

    Don't follow any advices from dunover :p
     
  34. Oct 10, 2014
  35. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    Location:
    Edmonton Canada
    or chayton. :(
     
  36. Oct 10, 2014
  37. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    Excellent advice.

    Right from the Nifty Playbook :D

    One of the biggest issues with us gamblers is lack of bankroll management. Remember, if you cash out 5x your deposit, that's 5 more sessions you can have later!!
     
    8 people like this.
  38. Oct 10, 2014
  39. Tirilej

    Tirilej On a Break

    Occupation:
    Breathing
    Location:
    Sweden
    True in a way, but at least you know what you're doing wrong.
    Still you'll do it again and I'm sure of it ;)...and so will the rest of us too :)
     
    Last edited: Oct 10, 2014
    1 person likes this.

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