Lucky Red 400% Bonus Terms Are Terrible

[Vegasbum]

Well I heard about this place after reading some prior threads and decided to download. Read the terms for the 400% bonus and it is probably the WORST I have ever seen.

Playthrough is now 50X
Max cashout is now 3000 dollars
400% Bonus is removed before cashout

What the hell??
That means if I deposited 1000 dollars and took the 400% bonus my starting total would be 5000. Before I could cashout I would have to play through 250,000. Then take off the 4000 dollars from the bonus and keep what is left under 3000 dollars...IMPOSSIBLE

That is the worse new player bonus I have ever come across. Think about it...deposit 1000 to make 3000...and 1000 of that would be my deposit.

Ya you can deposit less than 1000 by still the terms are crazy, especially the 3000 total max cashout and 50X playthrough

This is a no win casino

 

[kmay87]

I agree. Saw the banner for there on this site and had a look.

It's frustrating for those of us who don't often get the chance to high roll. Such high bonuses are few and far between, and when they do come along it's like you are being penalised for taking it. People are going to be almost duped into taking this bonus, but they may as well put their hard earned cash in the bin because the chances of seeing it after depositing into this are minimal. You can just picture winning s from a bonus round and not see a penny of it because of a quarter of a million WR.

When I read it though, the max cashout was 5k. Has it been changed already?

 

[Vegasbum]

I agree. Saw the banner for there on this site and had a look.


When I read it though, the max cashout was 5k. Has it been changed already?

Yes the 5k cashout is now 3k. Can you imagine hitting a big one and then only being able to keep 3k of it?

 

[winbig]

The way I see it, you have two options:

1. Don't take the SUB*
2. Play blackjack or VP with large bets and clear the SUB (somewhat) easily.
Surprisingly enough, this is NOT a slots-only bonus.

*If you don't take the SUB, your maximum cashout for your first 3 withdrawals are limited to $2K, unless you're playing on a different coupon that says different.

Wagers on Baccarat, Craps, Roulette, War and Sic Bo, do not count towards this requirement

 

[kmay87]

Yes the 5k cashout is now 3k. Can you imagine hitting a big one and then only being able to keep 3k of it?

I just checked and I still see 5k. Not that the 2k difference is much...but where are you reading this?

 

[winbig]

I just checked and I still see 5k. Not that the 2k difference is much...but where are you reading this?

It's 5K....

The 100% bonus up to $1,000 has a $3K max cashout term. This bonus is listed under the 400% bonus listed on the same page at: Old / Expired Link

I think the 100% up to $1,000 is MUCH better, even though it has a $3K max cashout. The WR for this bonus are only 25x, compared to 50x, and they both allow BJ, VP, and other table games. The only restricted games are the ones I mentioned above.

 

[Vegasbum]

Yes my mistake it is 5k and not 3k. Like Winbig said I was reading the 100% bonus at 3k max cashout.


You can't play VP on the 400% bonus. Just slots, keno and scratch cards

 

[winbig]

Yes my mistake it is 5k and not 3k. Like Winbig said I was reading the 100% bonus at 3k max cashout.


You can't play VP on the 400% bonus. Just slots, keno and scratch cards

Where do you see that? I read through the T&C very thoroughly and didn't see that mentioned at all....or maybe I'm going blind again?

 

[Vegasbum]

I just checked and I still see 5k. Not that the 2k difference is much...but where are you reading this?

It is 5k but here is where I read the 3k and you can see it is a bit hard to understand


The deposit and bonus must be wagered fifty (50) times before a cashout is permitted.
* Deposits of a minimum $20 and up qualify for this bonus.
* Players can only redeem either LUCKYRED400 or LUCKYRED100 on the first deposit, if they use both coupons all bonuses and winnings will be considered void
* Each coupon can only be redeemed by the player one (1) time. The same coupon code cannot be used a second time.
* Offer limited to one player per household/computer.
* Maximum cashout for this bonus is $3000
* Wagers on Baccarat, Craps, Roulette, War and Sic Bo, do not count towards this requirement
* The bonus chips are unredeemable and will be removed from the associated cashout
* Please redeem the coupon in the cashier before you make a deposit
* Lucky Red Casino reserves the right to change the terms and conditions of this offer at any time and it is your responsibility to periodically check here for changes and updates.
* In the event of a dispute, all decisions made by the casino will be final

 

[winbig]

WOW It's as if they are reading this thread and updating these T&C REAL TIME.

The T&C have MAGICALLY CHANGED to 25x WR for the 400% SUB.


This SS was taken at 5:15pm EST.

 

[Vegasbum]

Where do you see that? I read through the T&C very thoroughly and didn't see that mentioned at all....or maybe I'm going blind again?

* This offer is valid for first time depositors at the casino
* The deposit and bonus must be wagered twenty-five (25) times before a cashout is permitted. Only the following games will count towards the playthrough of the bonus: Slots, Real Video Slots, Keno and Scratch Cards.
* Deposits of a minimum $20 and up qualify for this bonus.
* Players can only redeem either LUCKYRED400 or LUCKYRED100 on the first deposit, if they use both coupons all bonuses and winnings will be considered void

 

[Vegasbum]

*L..yes I now see the playthrough is 25X..down from 50X

 

[winbig]

* This offer is valid for first time depositors at the casino
* The deposit and bonus must be wagered twenty-five (25) times before a cashout is permitted. Only the following games will count towards the playthrough of the bonus: Slots, Real Video Slots, Keno and Scratch Cards.
* Deposits of a minimum $20 and up qualify for this bonus.
* Players can only redeem either LUCKYRED400 or LUCKYRED100 on the first deposit, if they use both coupons all bonuses and winnings will be considered void

read my reply just above yours......they updated their T&C...it's as if they're following this thread as new posts come in, and if you'll notice they dropped the WR from 50x to 25x and included that line item about only being for slots, keno and scratch cards. That line wasn't in there, before.

 

[Vegasbum]

Now they just need to change the 5k max cashout and maybe they will peak my interest

 

[winbig]

Now they just need to change the 5k max cashout and maybe they will peak my interest

TBH, I think $5k is a fair amount...maybe not for the high rollers, but for the low rollers.

Even though the bonus is phantom, it's not like they're going to remove any excess funds from your account after your withdrawal, correct?

Or am I wrong?

Say I deposited $100, received a $400 bonus, and started with $500. I get lucky, get my balance up to $8,000, and cash out.

After they take the $400 bonus from my account, I'm left with a cashout of $7,600, but since the max is $5K, I should be left with a balance of $2,600 in my account.

Or is this not so? Do I forfeit this extra $2,600?

Maybe the casino manager can pipe in here and clear things up...

 

[winbig]

And $5K covers most RJ's, so I don't think that would be an issue....

 

[puppydog07]

No Joy here

Hi Everyone for those of you who havnt won dont be upset you may have saved yourself heaps of grief...I also have been caught with the playthrough amunts, I would have cashed out a whole lot more it I had had the correct numbers.
I do have a withdrawl pending , customer service is shocking I wasnt able to read the attachment on the initial email with the fax back form, I asked Jay for another form to be sent about ten hours ago which she said was sending...still waiting here...
Still waiting for a response over the fact that they advertise wire transfer for withdrawl but now will not honour this...SHOCKING...if you are looking to deposit here think long and hard b4 u do!!!! Puppy

 

[winbig]

Ok, here's the run-down, straight from the horses mouth.

Any excess money is removed from your account at the time you request a withdrawal, NOT during the middle of play once you meet the WR like certain other RTG's *cough*inetbet*cough*

SO, if you go over the $5K max cashout, you CAN still play and accumulate comps to use later WITHOUT a max cashout amount.

This is not the whole chat, only the pertinent parts:

Natasha: Ok for the LuckyRed400 it is * Maximum cashout for this bonus is $5000 and on the Luckyred100 it is $3000

Natasha: Link Removed ( Old/Invalid)

Natasha: It is explained on there

Natasha:

Brian: correct....but in regards to anything over that amount, it's null and void once a cashout is requested?

Brian:

Natasha: When the cash out is approved by the cashier the rest of the money will be void unfortunately.

Brian: ok

Brian: one last thing...

Brian: also, it was recently brought up that once a player meets the wagering requirements of a bonus, and has hit the maximum cashout limit, any excess money is automatically removed from the account

Brian: is this true with lucky red, or is the money only removed once a cashout is requested?

Brian: the excess money*

Natasha: Once the withdrawal has been approved via the cashier this is when the rest of the money will be taken away.

Brian: ok, so it's not taken out in the middle of play....that's good to know

Brian: there's one RTG where they took the excess out in the middle of play once wagering requirements were met....

Natasha: No of course not. only when you make a withdrawal and its been approved this is when its been taken out

Brian: just wanted to make sure that it wasn't the case with lucky red

Brian: have a good one

Natasha: Thats fine we are here 24/7 Brian, so if you need any help we are here

 

[oldtrvlagt]

I'm really glad this got resolved...I knew when I took the 400% with a $100 deposit I'd be playing for awhile...that 3K max cashout scared me because yesterday when I started playing it was 5K...but, I'm cashing out 4k feel REALLY, REALLY lucky to have gotten that far

 

[EasyRhino]

Okay, the bonus promo page is not well laid out, there are two different T&C's for their two different promotions.

LUCKYRED400, slots, 400%, 25x (D+B) playthrough, $5k max cashout

LUCKYRED100, tables, 100%, 50x (D+B) playthrough, $3k max cashout

Both are fairly bad bonuses, but it's the same as it was on the day they opened, no changes.

If you are playin on either, I recommend throroughly ensuring that playthrough is being correctly counted in the cashier.