Nektan's new bonus will disadvantage some players

[ThePOGG]

And exhale.......

Firstly, apologies to those interested persons that this has taken so long. The simulation work took a lot longer than expected due to requiring multiple simulations for each bonus and the significantly increased wagering that results from this bonus structure.

Here's the report on the Nektan bonus system based on the information provided by posters in this thread regarding the win cap not applying while wagering with deposited funds -

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A brief summary of the conclusions that can be drawn:

- Only in situations where you use extremely high bets or very low withdrawal targets does this bonus (25%) cost less than completing the wagering requirement without a bonus.

- The system generates a significantly higher amount of play than the wagering requirement. This play costs less per hour than completing the wagering requirement.

This second point means that, depending on how you view the system, there is an advantage conveyed hence the statement that this system represents a tax has to be retracted.

I extended the study further to look at the first deposit bonuses at several operators that use a similar bonus structure (namely Nektan, Redbet, AllBritish and BETAT). The results were surprising. For the average player who bets around £0.50 per spin (this was estimated based on the previously referenced CM poll) the 200% bonus offered by Nektan operators is actually more favourable for the player than the other properties looked at. However, this does not hold true where the percentage match is reduced or where the player bets more than £0.50. Higher bet sizes result in a rapid deterioration of the system to the point that by an approximate bet of £5/spin the player only gains 1/10 of the benefit provided by the other operators reviewed.

I am happy to field questions on this, but please bear in mind I'm in the middle of preparing to leave for the London Affiliate Conference so my time is restricted at the moment.

TP

 

[ThePOGG]

Oh, and the knock on effect of all this work is I'm about to tare up the current bonus rating system we use and switch to one that simulates the bonus based on an low, mid and high rolling player. Goodbye to the next 6 months

 

[nutnut]

Just wanted to post my experience with this groups bonus. IMO they have the best bonus offers around

200%-500% match offer
Yes only x4 conversion, but after that can win as much as you want
Also ability to cancel bonus before you touch it allows you to withdraw more than x4 if get lucky early
Also if you cancel bonus you still get 50 free spins to use and doesnt affect real cash or withdrawing

Good system

 

[maxd]

Thread title changed because the previous title was somewhat unfair to the casino. The original title was "Nektan's new bonus will disadvantage most players".

 

[dunover]

Thread title changed because the previous title was somewhat unfair to the casino. The original title was "Nektan's new bonus will disadvantage most players".

Funnily enough I was thinking yesterday about this thread, was it ever resolved?

Yes, no need to go over it any further, it is what it is and I suppose horses for courses - some like it some don't.

 

[nutnut]

Funnily enough I was thinking yesterday about this thread, was it ever resolved?

Yes, no need to go over it any further, it is what it is and I suppose horses for courses - some like it some don't.

Having read the thread, aside from you and one or two other posters, they clearly didn't see the benefits to the bonus system with them. The ability to cancel it and withdraw before you touch it is massive and makes the bonus x4 conversion worthwhile.

Without yourself and others stating the actual facts of the bonus system, it would have put me off using them going by the false and misleading information others posted.