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New Bonus Type

Discussion in 'Online Casinos' started by XXLClubCasino, Jul 9, 2007.

    Jul 9, 2007
  1. XXLClubCasino

    XXLClubCasino Dormant account

    Occupation:
    Casino Manager
    Location:
    Curacao
    We discussed a lot about introducing a new type of bonus with no game restriction and no wagering requirements in other threads.

    Many players do not like having game restrictions or having to first meet any WR before being able to cash out. well with this in mind we tried to go a new way and setup a new reward system with no restrictions at all.

    Here the details:

    Deposit any amount up to 400$, should you loose your deposit in total we will give you 50% of it back. From this FREE kick back money you can play any game you want or decide to directly cash it out. At cashout time we will take away 50% of your winnings generated from the FREE bonus. The maximum cashout from the FREE bonus is equal to the amount that was previously deposited.

    --------------------------------------------------------------------------------
    For example:

    Deposit 100$, play any games the way you want, win and cashout at any time all of your winnings

    Or

    Deposit 100$, play any games the way you want, loose your 100$, get 50$ FREE money back, play any games, win 200$ from the free bonus, cashout 100$ (200$-50%).
    --------------------------------------------------------------------------------

    I believe this bonus match exactly what players have asked, generous bonuses, simple rules, no game restrictions, no wagering requirements, no hidden terms & conditions.

    Please be so kind to analyze, review and comment on this new casino bonus. Based on your feedback we could surely make it even better!
     
    8 people like this.
  2. Jul 9, 2007
  3. Kaynos72

    Kaynos72 Dormant account

    Occupation:
    My job sucks
    Location:
    Quebec, Canada
    That's the problem here. If i make a deposit of 100$, loose it all, get your 50$ back and win a 5000$ jackpot, i can only withdraw a maximum of 100$....

    Basicly in that offer, the casino has everything to win, the player only it's original deposit up to 400$.

    So in resume, best way to play with this bonus, is NOT to play and just cash out cause any big win goes back to the Casino.
     
    1 person likes this.
  4. Jul 9, 2007
  5. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    The word is lose people, not loose!

    Sounds like a great idea to me! :thumbsup:
    Definitely the sort of bonus I would be interested in.

    Only you need to make the wording of the terms a little clearer where you say 'winnings from your bonus'.

    In your example, do you mean if you get your bank up to $200 and can then cash out $100;
    or you win $200 from the bonus $50, taking your bank to $250 and can then cash out $100 (50% of your profit).

    KK
     
    1 person likes this.
  6. Jul 9, 2007
  7. Slotster!

    Slotster! I predict a riot. CAG

    Occupation:
    al Hazard
    Location:
    Location, Location!
    Thanks for the post/update!

    Just one tip - when calculating bonuses to attract players/maintain loyalty - never never never ever EVER have a "max cashout" rule. This goes against the whole point, negating the 'might just hit the big one' feeling and making it all a bit rubbish.

    I understand it will have been calculated to make the odds/chances work etc, it's kind of counter productive though. If the casino 'hedge their bets' and don't really take any risks - why should the player?
     
    1 person likes this.
  8. Jul 9, 2007
  9. Slotster!

    Slotster! I predict a riot. CAG

    Occupation:
    al Hazard
    Location:
    Location, Location!
    Heh hee... XXL Club, if you needed any further proof to back up my point - see the glowing approval from the only guy in the world who regularly takes the casino's to the cleaners :D

    You don't want careful, calculated players... Watching their wagering and cashing out at the first opportunity... You want mental "bet max" Bandits like me whom might just do you in, but are far more likely to fill you full of cash. Sure it's a gamble, but that's the business you're in after all.
     
    2 people like this.
  10. Jul 9, 2007
  11. Zoozie

    Zoozie Ueber Meister CAG PABnonaccred

    Occupation:
    Software Developer
    Location:
    Denmark
    I agree. Any smart player will just cash out and then maybe redeposit the same amount of money again. The he will have same starting balance and no cash-out restrictions.

    Zoozie
     
    2 people like this.
  12. Jul 9, 2007
  13. kimss

    kimss Senior Member

    Occupation:
    Software developer
    Location:
    Norway
    Spot on! I would never forgive myself if hitting a great win, say you do the last spins on $9-$45 just for the hell of it, hit a fresspin and some lucky winds. You could easily win $100 -> $5.000 (notice the irnony there). That would really blow if you cant withdraw!

    That bonus sounds worthless to me, but nice effort.
     
  14. Jul 9, 2007
  15. BubbleG

    BubbleG Experienced Member

    Occupation:
    spark
    Location:
    Earth, man!
    KK i'm some what bemused at why you would think this a good idea. Maybe i'm wrong but I always thought you were one of the most consistent breakeven/winning players on the forum. In effect you would never recieve a bonus of this casino :what:

    LOOOOOOOOL at "Generous" Doesn't generous imply you may actually give something away?

    I consider MG and Wagerlogic bonuses generours not due to there cash or play value but the fact there is no limit on cashouts, this for me is the most important fact. If at best you can only break even then I feel the bonus is a worthless offer to the player.

    Also how do you propose to look after your winning and breakeven players. This doesn't sound like a bonus that rewards loyalty, to me it sounds like a bonus designed to keep the loosing player online and chasing. Just IMHO :eek2:
     
  16. Jul 9, 2007
  17. Amigo

    Amigo Dormant account

    Occupation:
    Student
    Location:
    Sheffield
    Agree with the general concensus here, all players who understand the terms will simply withdraw their 50% refund as soon as it is awarded and then redeposit, if they choose to do so, so they they can play without restrictions
     
  18. Jul 9, 2007
  19. soflat

    soflat Senior Member

    Occupation:
    Scientist
    Location:
    Florida
    One of the best bonuses I've heard of. It really should appeal to everyone. People who like playing with a max cashout should be pleased (god forbid they win too much), and those who don't should be quite happy as well.
     
  20. Jul 9, 2007
  21. lojo

    lojo Banned User - repetitive violations of <a href="ht

    Occupation:
    Tradesman
    Location:
    USA
    How refreshing! XXlclub and 3Dice are at the top of their games in devising excellent bonuses and compensation programs.

    What is not to like about this concept? I like it because:
    I can play against a 'known commodity' the house edge. If I get lucky I rake in the dough. If I blow it all I've got insurance! If I'm lucky enough to take this insurance to the cashier I simply do it when I have hit the maximum gain and then redeposit here or elsewhere with no bonus and no terms.

    If I hit a jackpot playing with free money, what the heck? It was their money! I still get my original deposit back and can give it another go here or elsewhere.

    This is a bonus I would play with, the best of both worlds.

    (now if yanks could only play :)

    My vote is YES! If properly explained and presented this is a win/win concept.

    Not to complicate, but it may be good to allow the bonus on every other equal deposit or else the EV will be manipulated via:

    Dep $100
    lose
    bonus $50
    win $100
    cashout

    deposit $100
    ad infinitum
     
    1 person likes this.
  22. Jul 9, 2007
  23. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    I think its a nice bonus because its simple. I agree cashing out the bonus and the playing with it later is the best option, but most probably won't want to wait, only the bonus hunters. I like the concept, even though I don't "do" signup bonuses :thumbsup:
     
  24. Jul 9, 2007
  25. XXLClubCasino

    XXLClubCasino Dormant account

    Occupation:
    Casino Manager
    Location:
    Curacao
    I'm not sure I explained it all right. When you loose your deposit, you will get 50% of your deposit back to play with and get a “second” chance to break even from the 50% kickback. If you decide to cashout instead 50% of the kickback bonus will be removed, which leave you with 25% of your deposit. So there is a real incentive to play with the kickback $ instead of directly cashing it out.

    For example:

    1. deposit 100
    2. loose 100
    3. get 50 back
    4.1 cashout directly 25 (50% from 50)
    4.2 play
    5.1 win -> to a balance of 200 and cashout 100
    5.2 win -> to a balance over 200 and cashout 100

    Point 5.2 is where most of you have a problem and I can understand why but this is the only way we can offer no wagering and no game restriction without loosing mio.

    The "real" gambling happens in phase 1 where players play with their own $, in phase 2 after receiving the kickback the "kick" should comes from playing it smart at low house edge games and trying to break even.

    The 400 max deposit is only a start and will be increased based on the player VIP level.

    Thanks to all of you for your constructive critics. It help us a lot in our quest to get better rewards systems for our players.
     
    3 people like this.
  26. Jul 9, 2007
  27. XXLClubCasino

    XXLClubCasino Dormant account

    Occupation:
    Casino Manager
    Location:
    Curacao
    It's not a signup bonus, we offered this to all our players!
     
  28. Jul 9, 2007
  29. lojo

    lojo Banned User - repetitive violations of <a href="ht

    Occupation:
    Tradesman
    Location:
    USA
    It makes perfect sense:)

    The 'savvy' player would cashout @200 to recieve his 100 deposit back and have another go or deposit elsewhere.
     
    1 person likes this.
  30. Jul 9, 2007
  31. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    I wouldn't mind WR's on the kickback if it meant that there's no max cashout. I think others would agree as well. 15-20xB sounds fair ;)

    There's nothing like hitting big and only being able to cashout a small % of what's you've rightfully won.

    And am I the only one that noticed the fact that the most you're going to get back is your original deposit? :confused:

    That takes all the fun out of it, if you're "fighting" just to get your deposit back.....and knowing full well you won't win a penny over it.
     
    1 person likes this.
  32. Jul 9, 2007
  33. XXLClubCasino

    XXLClubCasino Dormant account

    Occupation:
    Casino Manager
    Location:
    Curacao
    Hmm, but you really get a first chance to win big with your deposit like in any landbase casino plus get the second chance to breakeven.
     
  34. Jul 9, 2007
  35. SlotsWizard

    SlotsWizard Dormant account webmeister

    Occupation:
    I currently work for the Wizard of Odds
    Location:
    North of Antarctica
    Right, but the only time that restriction would apply is after you had already lost your original deposit.

    Say you deposit $100 and blow it all quickly. You get back $50 to try to work it up to $200 so that you could cash out your original $100. Then take the $100 elsewhere to try your luck there. Or, redeposit it and have another go without the restrictions (unless you lose it all again).

    I would totally go for this if, you know, I could. :mad: If only US-facing casinos could offer something like this.
     
  36. Jul 9, 2007
  37. winbig

    winbig Keep winning this amount.

    Occupation:
    Bum
    Location:
    Pennsylvania
    Fair enough, but you're comparing apples to oranges when you compare online casinos to B&M casinos ;)

    But what it all boils down to is that there needs to be "exceptions"....

    I think the max cashout shouldn't be written in stone.....

    What's wrong with applying WR's to an account if they do hit big? You could treat any amount over their original deposit as bonus money.


    It would definitely go over well for customer retention. I know I would have a bad taste in my mouth if I hit big while trying to break even, and do just that...break even. If that happened, I wouldn't deposit another penny there, no matter which casino it was at.
     
    4 people like this.
  38. Jul 9, 2007
  39. MPB

    MPB Dormant account

    Occupation:
    .
    Location:
    Germany
    I like theo verall idea of this bonus, but I don't get how a max cashout can help to save you from "losing millions"?
    With the rule that only 50% of the cashback can ever be cashed out, the EV of this cashback is always 25% of the deposit(minus the HA), no matter what the player does or how much he wins, isn't it?
    So the only way I can see that this max cashout rule can shift the EV in favour of the casino would be that it severly punishes players who play the wrong strategy with this bonus.
    E.g. if a player gambles big or plays any game with a possible big win, then he will minimize the EV of their bonus by risking funds without the chance to win big.
     

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