dominique
Dormant account
- Joined
- Jul 5, 2003
- Location
- The Boonies
The irony here is that the majority of us who are discussing this bonus, can't use it because we live in the US.
Hehe, keeps the discussion honest!
The irony here is that the majority of us who are discussing this bonus, can't use it because we live in the US.
XXL Club, any chance you will switch software providers to one that accepts US players?
XXL Club answered for me:-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
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.
This is the bit I liked;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.
XXL Club answered for me:-
This is the bit I liked;
You deposit & can 'go large' chasing a big win.
If you get it, you cash out - no restrictions as there's no bonus involved.
If you blow out, you get the chance to try to win your deposit back.
Sounds cool to me!
PS: XXL - it's bloody LOSE not LOOSE!!!
The proper way to play this insurance bonus would be:
Phase 1 (you just deposited, no playthrough, no max cashout) - make your large bets here and/or play the progressive jackpot games.
If you lose, you enter Phase 2 (where you can only cash out half of the balance, up to the amount of your original deposit) - here, you would play small, sensible bets in blackjack, etc. in an effort to work back up to twice your deposit amount. Don't make foolishly large bets here because you know what will happen if you win big. Also, don't play games with large progressive jackpots. If you get up to 2x your deposit then cash out and call it a day - you broke even.
Remove the maximum cashout and i'll be happy to split 50/50 any winning that happens from the get back deposit.
Like i said in my first message, with your offer, i loose 100, you give me 50 back and win jackpot of 5000, i get 100$, you get 4900.
Without that restriction we get 2500 each, casino still makes TONS of cash and players are more inclined to play.
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.
Agreed - mostly. The trade-off is the higher risk of ruin vs. no max cashout. Where I disagree is that, if you are going to cash out and redeposit anyway, you are probably better off quadrupling it before you withdraw by playing smallish bets on blackjack, etc. (you will be starting with twice the amount that you would if you immediately withdrew and redeposited - lower risk of ruin, better chance of quadrupling).I disagree. Consider two scenarios:
1. Play with $50 bonus.
2. Cash out 50% of $50 bonus, and then redeposit the $25.
In both case 1 & 2, if you quadruple your bankroll, you get to cash out $100. With case 1, 50%*200 = $100. With case 2, 100%*$100 = $100. If you cash out at 2x instead of 4x, you get to cash out $50. If you lose it all, your net loss is only the initial $100. The one situation where results are different is if you get a big win and reach more than 4x your balance. You can cash out the full winnings with play #2, but you only get $100 with play #1. So redepositing the $25 (case #2) is like getting the bonus and having no max cash out.
How can we make a ton of cash if we payout 2500 from a 100 deposit?
The risk of ruin is the same, assuming bet size is the same proportion to bankroll in both cases. If bet size not in proportion to bankroll and is instead a fixed value, then there is greater variance in the $25 case.Agreed - mostly. The trade-off is the higher risk of ruin vs. no max cashout.
If you quadruple before you cash out with low risk bets, you have about a 1 in 4 chance of reaching $200 and cashing out 50% * $200 = $100. If you instead cashout and redposit, then make bets in an equal proportion to your bankroll, then you have the same chance of reaching 4x bankroll and the same chance of cashing out $100.Where I disagree is that, if you are going to cash out and redeposit anyway, you are probably better off quadrupling it before you withdraw by playing smallish bets on blackjack, etc. (you will be starting with twice the amount that you would if you immediately withdrew and redeposited - lower risk of ruin, better chance of quadrupling).
What a nasty way of saying what you just did!
If you quadruple before you cash out with low risk bets, you have about a 1 in 4 chance of reaching $200 and cashing out 50% * $200 = $100. If you instead cashout and redposit, then make bets in an equal proportion to your bankroll, then you have the same chance of reaching 4x bankroll and the same chance of cashing out $100.
Not to mention, if you hit an insane win - you can accually cash it out,
If someone is foolish enough to play a progressive or something with the kickback then they deserve what they get.
Good point...There is a nice strategy here for the bonus hustler, and one which is probably already happening.
1) Deposit $100
2)Make one bet of $100 on a near 50/50 outcome on a game such as Blackjack.
3)if successful, withdraw the $200
if not, withdraw the insurance (or the 50% of it that can be, $25)
4) When paid, go to 1)
Repeat until banned
This will, in effect, be a Blackjack session over time with a fixed $100 bet, where winning bets are paid in full, and all losing bets are refunded at 25% - this is +EV over the long term, and a disciplined hustler WILL do this!
I agree with kimss here - that was an "unfortunate" thing for XXL to say.How can we make a ton of cash if we payout 2500 from a 100 deposit?
What a nasty way of saying what you just did!
well, you cracked it v-dub. dang, you're clever. xxl will not be pleased.
if this reaches 2+2 (or forum.fok.nl if dutch are allowed to play there), the casino will go out of business, unless they cut this promo in time.
has anyone played it yet? or was xxl just running it past us here first to surmise the foreseeable effects?