Question Promo advice please

[Darcus]

Hello all,

it's been a while since I've taken advantage of casino promos, so I wanted to get some advice from the great hive mind that is Casinomeister.

I've found a 100% match bonus and wanted to know how best to approach the matter and also get any feedback from experienced players.

The promo is 100% deposit bonus up to $500, 25x play through on ANY game, max cashout $500. And that's it! No other T&Cs! And it is from a legitimate site, so there's no security issues etc and the casino has all the regular games.

So what would be the optimal way to play this and do people think this is too good to be true and a mistake by the site?

Cheers for any feedback.

 

[ThePOGG]

Really depends what your goals are; to make money, have fun, extend the length of time you have to play or increase the chances of more of these offers.

Optimally - in the senses of making a profit - choose a low edge and complete the WR. Alternatively you could bet very aggressively to a target and then reduce your bet.

If you're looking to increase the chances of getting bonuses like this, you could look at playing slots or another high house edge game and play.

 

[mn001]

500 max cash out on a 250 deposit??? there's better deals out there

grind it with 10cent bet on blackjack... what casino is this?

25*d or 25*db?

 

[Nate]

Umm that's A BAD deal if I ever saw one.

Like the previous poster - What Casino is it? There are FAR better promotions out there if you look around. Lots of them do not have maximum Cashouts and have lower wagering than 25x

Nate

 

[ThePOGG]

lol - i missed the max cashout. That would make playing aggressively pointless. Infact the best thing you could do with this is low bets on a low house edge/low variance game.

 

[Darcus]

I'm only going for a profit hit, there is no expectation to get further bonuses. But really, are there better offers than 25x WR on any game? Most of the legit casinos I've looked at state BJ etc only count as 20% towards the WR (some even go as low as 2% for single deck), making WR of 125x for best edge games. Oh and I've just checked again and it say the bonus has a 'maximum redemption' amount of $500, not cash out amount.

 

[ThePOGG]

As long as you keep your betsize low ($5 on blackjack) it still has a sizable value even with the low max cashout.

 

[Seventh777]

To be blatantly honest give me the good old fashioned MGS x30 w/r no max cashout over this any day of the week, there`s no way i`d take any deposit bonus with a capped cashout. I take bonuses to increase my chance of a payout and not restrict them, but we`re all different I suppose, and what ever floats your boat, but please oh please do not take this and start a new thread in the very near future "I hit a <RJ, PJP, Huge feature return>, whilst playing with a maxed cashout bonus" .

 

[anniemac]

I would take a maxcashout bonus period.

Just got really burned on a free spin max cashout.

There are plenty of 100% deposit bonuses given with no max cashout at accredited casinos to waste time on a max cashout bonus.

 

[KasinoKing]

I'm only going for a profit hit, there is no expectation to get further bonuses. But really, are there better offers than 25x WR on any game? Most of the legit casinos I've looked at state BJ etc only count as 20% towards the WR (some even go as low as 2% for single deck), making WR of 125x for best edge games.
Oh and I've just checked again and it say the bonus has a 'maximum redemption' amount of $500, not cash out amount.

I think you need to tell us which casino it is you're talking about, because that offer DOES almost sound too good to be true - and you know what they usually say about that!

Three other things you need to clarify:
Is the WR just Bonus x25, or Deposit+Bonus x25?
Is the bonus a Phantom one (removed when you cash-out)?
Is there in fact any sort of Minimum or Maximum cash-out rule?
These factors will have a HUGE influence on whether the bonus is really any good or not.

KK

 

[Seventh777]

it say the bonus has a 'maximum redemption' amount of $500, not cash out amount.

My apologies I missed this bit, so the most it can be redeemed for is $500, all games count towards the w/r and that is x25, i`m with KK on this one I smell a rat, what casino is giving this?, are they accredited?.

Do not deposit and use this bonus until the casino is revealed who is offering it.

 

[Darcus]

As I said, that is the full T&Cs, 100% deposit bonus up to $500, mininum deposit $25, 25x WR on any game you want, with a maximum redemption of $500, cash out before WR met forfeits bonus and winnings issued as payment. Also please note, I said it was a respectable operation and I have no doubts about it, so I'm not asking for advice on that. As you can see I've been a member for a long time and have a reasonable amount of experience in these things, so like other old timers I remember these types of promos before the casinos got wise.

The reason I'm asking is because I remember the good old days of 25x on any game, so I don't see the cap as being restrictive if you are going for easy payout. I'm not sure I agree with those who think it is not good value, since I don't see any decent casino offering 25x on any game on a 100% match bonus.

 

[KasinoKing]

As I said, that is the full T&Cs, 100% deposit bonus up to $500, mininum deposit $25, 25x WR on any game you want, with a maximum redemption of $500, cash out before WR met forfeits bonus and winnings issued as payment. Also please note, I said it was a respectable operation and I have no doubts about it, so I'm not asking for advice on that. As you can see I've been a member for a long time and have a reasonable amount of experience in these things.

The reason I'm asking is because I remember the good old days of 25x on any game, so I don't see the cap as being restrictive if you are going for easy payout. I'm not sure I agree with those who think it is not good value, since I don't see any decent casino offering 25x on any game on a 100% match bonus.

Well, we'll tell you if it's good value or not if you just answer the 3 simple questions I asked in my post above.
In case you missed it:

Three other things you need to clarify:
Is the WR just Bonus x25, or Deposit+Bonus x25?
Is the bonus a Phantom one (removed when you cash-out)?
Is there in fact any sort of Minimum or Maximum cash-out rule?
These factors will have a HUGE influence on whether the bonus is really any good or not.

KK

 

[LondonDJ]

Not wishing to derail the thread or anything, but I'd like to get opinions on the Mr Green 100% sign-up bonus. I'm thinking about taking the full amount and having a good long session.

Basic terms are 100% match up to £250 with WR of 35x the bonus only. Some table games seem to be excluded but that doesn't bother me as I'll only be playing slots.

Any thoughts guys? Has anyone taken it? Cashed out smoothly etc?

Also, just out of interest to the original poster, is there any reason why you don't want to name the casino? Just curious.

Thanks.

 

[Jasminebed]

It is very important to establish whether games are weighted for the purposes of wagering. Slots may count 100% (but please double check, I've heard of places weighting slots at 50% for bonuses), but other games may contribute far less, sometimes as little as 2%. You may also find that certain kinds of wagers (eg betting both red and black on roulette in the same spin) are prohibited, and probably restrictions on double-up in Video Poker and the double feature on slots.

Also important to check if there are any bet size restrictions. Sometimes bonus rules are found in promotional terms, sometimes under the general terms. Use email or live chat and save your responses to query anything you do not understand.

If you don't want to name the casino, perhaps you could tell us the platform?

Also, is this a SUB or some kind of welcome back for somewhere you play already?

 

[dionysus]

note to self: coffee THEN forum. I thought it said porno advice.

 

[Darcus]

Yes LondonDj,

the casino is a new addition to a site, which is a reputable and fairly long standing poker site with a good community and I don't want them to get bonus whored if they have made a grave judgement error, as it would only result in problems for both them and players taking up the offer. I think the T&Cs are very badly written (what I have put up is pretty much the entire T&Cs for the promo, the only other detail is that if you attempt to cash out before completing the WR you forfeit the bonus but can still get paid your winnings) and it would only result in loads of player complaints and a possible blacklisting, which wouldn't serve anyone very much. As a ex bonus whore myself I think it is better to avoid mistakes in this case because I know they are decent and honest and if too many people exploited their error it might cause them to discontinue the casino and stop good promotions in the future.

 

[Nifty29]

Yes LondonDj,

the casino is a new addition to a site, which is a reputable and fairly long standing poker site with a good community and I don't want them to get bonus whored if they have made a grave judgement error, as it would only result in problems for both them and players taking up the offer. I think the T&Cs are very badly written (what I have put up is pretty much the entire T&Cs for the promo, the only other detail is that if you attempt to cash out before completing the WR you forfeit the bonus but can still get paid your winnings) and it would only result in loads of player complaints and a possible blacklisting, which wouldn't serve anyone very much. As a ex bonus whore myself I think it is better to avoid mistakes in this case because I know they are decent and honest and if too many people exploited their error it might cause them to discontinue the casino and stop good promotions in the future.

Since your main focus seems to be your genuine concern for the reputation and financial integrity of the casino in question, I assume you have contacted the rep and/or the casino directly to assist them in correcting their error?

I haven't seen a logical argument from you as to why you won't name the casino, nor answer KK's simple questions.

It would appear that it is more about keeping the promo to yourself for fear of them withdrawing the offer before you've used it yourself. I could be wrong, and I apologize if I'm getting the wrong impression. You could prove me wrong by naming the casino.

 

[Darcus]

Sorry yes, I've put forward the situation as if I wanted to take it, but I wanted to hear what people thought about it. I've recently had a go at a few free promos after quite a few years off with a little success and got back into checking tricky T&Cs, so it's interesting to hear different opinions too. Yes I know the operator and my friend does customer care for them and I have told them my concerns, so until they get the site updated I don't want to be responsible for any problems if people try to use it.

There are no answers to KKs questions which is what makes the offer so bad, it doesn't say if it's sticky or non-sticky, nothing else is specified. I've literally given every detail of the rules for the promotion. There's no long one page list of T&Cs. I saw the promotion 3 days ago, but have been waiting two days to have my account unlocked from dormancy, ample time for me to have snapped up a sitter like this. I wouldn't hold back on a geniune good promotion and I'll post up the full details as soon as they get around to changing them if anyone is still interested.

I'm still interested to hear what people think about the promotion terms especially why anyone would think 100% mb 25x WR on any game with a cap was not worth their time?

Btw anniemac, how do you get burned on a free spin max cashout??

 

[mattsgame]

I'm still interested to hear what people think about the promotion terms especially why anyone would think 100% mb 25x WR on any game with a cap was not worth their time?

Btw anniemac, how do you get burned on a free spin max cashout??

It highly depends on if its phantom or not, is it 25x d+b or bonus only. And the bonus may say all games but how much does each game contribute to the wr, does the casino have a term about max bets while in a bonus, does the casino have a term about hedge betting or a FU clause.

Lots of things will factor into whether a bonus is worth anyone's time and around here if its to good to be true it normally is.

What do you mean with a cap? is that a cap on how much you can win from the bonus?

 

[Darcus]

Well this is the point. That is all the information that is supplied, so it goes without saying you would normally avoid a promo like this anyways because the T&Cs are too vague and could cause complications later when attempting to cash out, for both sides. There aren't any hidden clauses and there are definitely no game restrictions or terms attached to any games or bets. So even if you assume the worst case scenerio of Bonus + Deposit 25x, non-sticky (Phantom?) max profit cashout $500 (or any 100% of deposit value), surely the all games counting equally to WR still makes it a good promo. That's also why I asked what the optimal way of approaching it would be because it doesn't state any bet restrictions either. Basically what is the best EV on it? If it has a +EV then it makes it suspeptible to scammers as well? From what I hear there are a lot of multiple account attempts being made by people from various countries so there's clearly still a threat to casinos that make mistakes on their promotions.

 

[ThePOGG]

There absolutely are still many multi-accounters out there. That danger's still alive and kicking.

Here's your different situations;

1) 25xb with max cash-out, non-sticky - best approach is blackjack (or similar low variance games), small bets (single hand/$5) and has a value of approx $450
2) 25x(d+b) with max cash-out, non-sticky - best approach is blackjack (or similar low variance games), small bets (single hand/$5) and has a value of approx $380
3) Non-sticky, no max cash-out - variable depending on what game you choose, but regardless of wagering offers substantial profit op.
4) Sticky with max cash-out - you'd need to run the balance upto around $1500 then drop your bet substantially and you'd still only have a value of around $100
5) Sticky without max cash-out - all depends how much risk you're willing to take, between $100 and $400 approx.

 

[KasinoKing]

There are no answers to KKs questions which is what makes the offer so bad, it doesn't say if it's sticky or non-sticky, nothing else is specified. I've literally given every detail of the rules for the promotion.

If that is the case - then this is an awful bonus and I wouldn't touch it with a barge pole.
Players MUST know ALL the T&Cs of any promo before committing to it - otherwise you have no idea at all what you are letting yourself in for.
If the casino wont even tell you the full terms - what will they do when you try to cash-out?

KK

 

[KasinoKing]

Double post - sorry!