1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

New bonus strategy - play blackjack instead

Discussion in 'Online Casinos' started by kirby, May 18, 2006.

    May 18, 2006
  1. kirby

    kirby Dormant account

    Occupation:
    Healthcare
    Location:
    USA
    Over the past six months I've come to the personal conclusion that most signup bonus are not worth the effort. That generalization applies to the standard 100% match with 15x wagering requirement and game restrictions. Bonuses over 100% - well maybe!

    That $25 deposit and a $25 bonus becomes a $750 gambling requirement. Assume for a moment a 10% house edge on slots (with a $50 bankroll the odds of major bonus win before busting are pretty small). You're theoretical loss is more than your bankroll. I call that a slow painful death as your credits go into a slow motion death spiral. For that torturous demise you have voluntarily restricted your choice of games. Attractive upfront but ultimately disappointing.

    Now consider another option. $25 deposit with no bonus. You can play anything you want. For me a $25 hand of blackjack is the best choice. Win that hand and I've achieved the 100% match in minute. In fact, if I get a blackjack, I've just gotten a $150% bonus. Lose that hand and it's like a death by guillotine, quick.

    Note that I'm saying ONE hand of blackjack, double or nothing. If I win, then I can play anthing I want and cash out whenever I want. Seems like a better deal than the signup bonus that comes with a chain boat anchor.

    Finally, I'll take the bonus if (1) the bonus is 200% or more simply because I fell less likely to bust before completing the 15x wagering requirement or (2) the casino lets me count blackjack or video poker towards the 15x. To me that's a fair contest.

    P.S. I only open one new account a month so that death by guillotine remains within my emotional comfort zone.
     
  2. May 18, 2006
  3. CasinoForumu

    CasinoForumu Dormant account

    Occupation:
    Manager
    Location:
    Bursa
    I dont think slots or blackjack is best option to olay with bonuses for wagering requirements.
    Casinowar is the best deal for wagering requirements IMO.
     
  4. May 18, 2006
  5. kirby

    kirby Dormant account

    Occupation:
    Healthcare
    Location:
    USA
    Since most terms and conditions attach penalties to playing blackjack with the bonus money, it's not usually an option. I was talking about declining the bonus and getting rid of the wagering requirement. Then I can bet my $25 and take my chances.

    You're right about slots being a bad idea but with autospin it takes a bit less concentration and betting penny slots may work out allright

    Casino war has a higher house edge than blackjack basic strategy but I can see where you're coming from.
     
  6. May 18, 2006
  7. PackerBacker

    PackerBacker America the Beautiful

    Occupation:
    Home Manager:)
    Location:
    TX
    Kirby, I agree with you regarding bonuses. I only claim them when I've reached my personal alloted gambling limit.

    If I'm still under my limit, and I claim a $200 bonus at one of my vip casinos, hit a jackpot and then have to gamble x times that, I am po'd because I know if I had not claimed the bonus, I still would have deposited my $200 into that casino, and I would have hit the jackpot with no restrictions.
     
    1 person likes this.
  8. May 19, 2006
  9. Vesuvio

    Vesuvio Dormant account

    Location:
    UK
    ...or you could assume the actual house edge of 4-5% on most slots.
    I take it you're joking? Your clever plan just loses you about 12 cents at every casino you play at - assuming you always withdraw immediately after achieving the "bonus".

    I wouldn't particularly try to encourage anyone to play with bonuses, but they're still the only chance you have of putting the odds in your favour.
     
  10. May 19, 2006
  11. kirby

    kirby Dormant account

    Occupation:
    Healthcare
    Location:
    USA
    I know that's what Price-Waterhouse certifies but I imagine it (1) includes video poker with a 98% payou, (2) averages higher payouts on $1 lines and lower payouts on penny lines and (3) assume successful bonus rounds which are not really too likely on a $50 bankroll. So for my penny slots I'll stick with Vegas average of 90%. Actual mileage may vary.

    Not really. I don't understand how single bets at each casino with a 0.5% edge transltes into a 12% edge overall. Seems to me I'lll win half the time and lose half the time. Factor in blackjacks at 3:2 payout an I'm marginally ahead.
     
  12. May 19, 2006
  13. tennis_balls

    tennis_balls Dormant account

    Occupation:
    fish n chips promoter
    Location:
    Albuquerque, NM
    i assume you plan on making another $25 deposit should you need to double-down?.......otherwise that's a bad strategy
     
  14. May 20, 2006
  15. kirby

    kirby Dormant account

    Occupation:
    Healthcare
    Location:
    USA
    I guess I'd have to play the hand straight without the double-down. Know it hurts in the long-termbut I'm only intereested in the one-time shot at doublingthe bankroll.
     
  16. May 20, 2006
  17. Geoff Hall

    Geoff Hall Dormant account

    Location:
    England
    The 12% is not the edge but the 'hold' that the casino gets on the game in an average month. For example, you cash in $500 and place 100 $25 bets in an hour's play. On average, at 0.5% house edge, (which is normally higher with bad players), you will have bet a total of $2,500 and will be down 0.5% of that i.e. $12.50. After, say, 4 hours of play, you get up losing $50, so the 'hold' that the casino keeps is $50 which equates to 10% of your buy-in.

    With Blackjack you do not win 1/2 the time and lose 1/2 the time - you lose more often than you win. The 3/2 payout on 'Blackjack' is already factored in with the house edge of 0.5%. If you got paid 'Blackjacks' at 'even money' then you would be a horrific 2.3% worse off i.e. house edge of 2.8% :eek:
     
    1 person likes this.
  18. May 20, 2006
  19. Slotster!

    Slotster! I predict a riot. CAG

    Occupation:
    al Hazard
    Location:
    Location, Location!
    It all depends why you claim bonuses really... For me, it's a bit of extra 'playing money' to mess about with and hopefully hit it big. I honestly don't ever think about wagering requirements and, touch wood, have never had an issue cashing out. Mind you, I've zero'd out far more often than I've cashed out!
     
  20. May 20, 2006
  21. Vesuvio

    Vesuvio Dormant account

    Location:
    UK
    If you're playing at a Microgaming casino the regular slots like Thunderstruck, Tally Ho etc. have been shown to have a 4-5% edge based on a huge amount of experience plus there's even a thread on here where Kasino King & Zoozie and others (I think) actually worked out the figure using all the possible reel positions. The amount you bet shouldn't matter, though I'd agree you can't really rely on slot payouts as casinos are more or less free to do what they want.
    I simply meant that if you "bonus" bet $25 of your own money to start with you'll lose about $25*0.5% (approx. house edge for BJ) =12.5 cents. You're not getting a real bonus, so overall if you stop immediately after the bet that's what you'll lose at each casino. Of course if you keep playing you'll lose more on average.
     

Share This Page