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MG -- bonus offer - is it good?

Discussion in 'Online Casinos' started by XOXOXOXOXOX, Feb 8, 2009.

    Feb 8, 2009
  1. XOXOXOXOXOX

    XOXOXOXOXOX Let em spin... PABaccred

    Occupation:
    Software developer
    Location:
    O Canada!
    I got this offer from MG casino after I requested a withdrawal.
    This is not the first time i got it but I never accepted any. Since I am not very experienced :oops: , i'd like to ask for opinions if this offer is good?
    Does it sounds like I can reverse, play with 75 $ and if i lose 75, i still can withdraws 300? Or there is a catch??
    thx

    here is the details:

     
  2. Feb 8, 2009
  3. kmay87

    kmay87 Meister Member PABnononaccred PABaccred2

    Occupation:
    Barrister
    Location:
    England
    Sounds like the early release, or E-Z, whatever it's called now. The only catch as such would be if you reversed the $300, and thus had $375, any wagers would come from your cash balance before the bonus, so if you lost $75 and wanted to withdraw, you'd have $300 left but subtract the bonus and you'd have $225.

    If it was me, I'd say stuff them and go ahead with the withdrawal. They want you to reverse it, in the hope you're going to lose it all. Don't let them!
     
    2 people like this.
  4. Feb 8, 2009
  5. lauram

    lauram Dormant account

    Occupation:
    self employed
    Location:
    toronto
    I have never got that bonus offer before. Just look at it this way say if you take out 25 to play back. Keep it simple will use 100% match so now you will have 50 dollars to play. no playthrough but if you get that up to say another 75 and you withdrawal you will only get 50 of that back the 25 is theirs and not kept in play or allowed to withdraw with. Tried to make this easy to understand
    sorry.
     
    1 person likes this.
  6. Feb 8, 2009
  7. slotplayer

    slotplayer Senior Member webmeister

    Occupation:
    webmaster
    Location:
    USA
    won't you be able to withdraw $225 since you reversed $75 assuming you lose it?
    plus that's only an $18.75 bonus off a $75 reverse not a great deal in my book but if you were to win they're saying they'd deduct only the remainder of the $18.75 if I interpret it correctly assuming you win off it, as I think MG uses the bonus money first before cash money but I'm not 100% sure.
     
    1 person likes this.
  8. Feb 8, 2009
  9. me_and_ed

    me_and_ed Ueber Meister CAG MM

    Occupation:
    Selling out
    Location:
    Vancouver
    I think this is a very bad practice, reminds me of the vultures at some Playtech's, a withdrawl should be processed wihout intereference of any kind, this is nothin more than predatory behavior, lets face it, most gamblers dont have the greatest will power, especially after a winning session. This shocks me coming from M/G....well not really.:eek2:
     
    1 person likes this.
  10. Feb 8, 2009
  11. XOXOXOXOXOX

    XOXOXOXOXOX Let em spin... PABaccred

    Occupation:
    Software developer
    Location:
    O Canada!
    No, if i reverse all 300 then i will get 75 in bonus. So i will have 375 in total.
    If i am up later and request a withdrawal, its obvious they will deduct 75 or whatever the bonus amount remaining. I am concerned however, what would happened if i lose 75 right away?
     
  12. Feb 8, 2009
  13. slafs

    slafs Dormant account

    Occupation:
    Professional computer geek
    Location:
    ˈnɔrweɪ
    You would then only be able to cash in 225. Your balance would be 300, but as you say, 75 is bonus and will be removed from an early withdrawal.
     
    1 person likes this.
  14. Feb 8, 2009
  15. kmay87

    kmay87 Meister Member PABnononaccred PABaccred2

    Occupation:
    Barrister
    Location:
    England
    If you do take it, I'd treat it like a normal sticky. There's not really a lot of point in grinding it out to meet the WR, because you don't need to, so choose an amount you are 'happy' to lose. stick it all on one hand of blackjack, and if you double, withdraw and walk away.

    But I'd stress that whatever you do, don't reverse it all. It might seem like it's worth it to get the whole bonus, but you'd be at risk of losing the whole lot. By only choosing a set amount, if it goes it goes, but reversing everything means the likelihood of losing it all is also greatly increased.

    When I read about casinos doing this, it really annoys me. When you made that withdrawal, your mind was telling you that was the right thing to do at the time. You were probably quite happy with what you had made. So 24 hours later, or whenever, the casino contacts you and attempts to persuade you to give it all back to them, with false hope in a cleverly disguised quite frankly crap bonus. The email is quite an irony. They are congratulating you on winning, but basically saying they want it back.

    If a bonus is what you want, there are plenty of others that offer the same bonus release system and will give you a much better deal than the 25% on offer here.

    KEEP IT :thumbsup:
     
    1 person likes this.
  16. Feb 8, 2009
  17. slotplayer

    slotplayer Senior Member webmeister

    Occupation:
    webmaster
    Location:
    USA
    oh yeah, sorry, I read it to fast. withdraw the money.
     
    1 person likes this.
  18. Feb 9, 2009
  19. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    This is rather odd behaviour, and doing this at a Rival casino gets you bonus banned:confused:

    One casino group says claiming a bonus with a reversed withdrawal is "abuse", yet another sends out an offer to do this.

    The catch is that they keep hold of the money, and a mere 25% means the player does not stand to gain all that much extra playing time. Further, having just won, how can we be 100% confident that the next session will also be a winner - better to receive the withdrawal and try a different casino.
    The casino saves processing fees this way, as they never process the withdrawal. In theory, they could continue to keep a player hooked by repeatedly offering this kind of incentive to reverse all withdrawals till their luck finally runs out and they lose it all.

    The MG casino group that springs to mind here is Fortune Lounge, because they were always making me offers to reverse a withdrawal, but these were merely chances in a draw, not a definite bonus.

    If they offered 100%, or even more, then this offer would make more sense, especially since you do not have to reverse it all.
     
    1 person likes this.
  20. Feb 9, 2009
  21. EasyRhino

    EasyRhino Dormant account

    Occupation:
    Analyst
    Location:
    San Diego
    Which casino was this? I'm not used to MG casinos bonus'ing reversed withdrawals.

    Anyway, it's only a 25% bonus, and, as mentioned you'd only recoup any value from it if you played super-aggressively, willing to lose everything you withdrew.

    So unless you have a large gambling bankroll and a huge tolerance from risk, tell the csr to pound sand, and give you your original withdrawal.
     
    2 people like this.
  22. Feb 9, 2009
  23. XOXOXOXOXOX

    XOXOXOXOXOX Let em spin... PABaccred

    Occupation:
    Software developer
    Location:
    O Canada!
    Actually i received something similar from Slots of Fortune (Rival ) a couple of weeks ago, that was quite a surprise :eek2:

    Why do they all want their money back??? :icon_twis
     
  24. Feb 9, 2009
  25. XOXOXOXOXOX

    XOXOXOXOXOX Let em spin... PABaccred

    Occupation:
    Software developer
    Location:
    O Canada!
    Thanks for your input everyone. Based on your advice, I decided not to touch it and made a deposit to another casino from the same group and was able to win some too. :)

    I never was too keen on MG bonuses but i guess i had a good run and was wondering if i can continue without risking my winnings. :eek:
     
  26. Feb 10, 2009
  27. sublime9

    sublime9 Dormant account

    Occupation:
    sales
    Location:
    California
    yeah that totally reminds me of playtech back in the day. ive never heard of MG doing that. dont do it!! youll lose it all
     
    1 person likes this.

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