Question about max cashout RTG

[chayton]

Say you get a $50 freebie with 20x WR and 10x max cashout and the "bonus is non cashable and will be removed."

So you hit a RJ (yeah right) and wager $1000 and make WR - at that point all excess funds are removed and your balance goes to $500 which is the max cashout. So you go to withdraw and at that point the original $50 bonus is removed.

So the max cashout should realistically say 9x the bonus, right? Since once you make WR you can't get your balance over $500...? Or can you?

This hasn't happened to me, I'm just curious.

 

[silcnlayc]

chayton:So the max cashout should realistically say 9x the bonus, right? Since once you make WR you can't get your balance over $500...? Or can you?

I had a free chip with a 10x max cashout and was allowed to cashout the full amount plus the $50 non cashable bonus. Total withdrawal appoved was $550.00 and balance left after the bonus removal was $500 deposited into my account. This was at Clubworld.

So I guess the answer is yes, you can withdraw up to the max plus bonus. I got the ok through live chat before I withdrew also and kept the chat session just in case, but all went well and I got the max $500 .

.

 

[maphesto]

Whatever you have when you want to make a withdrawal, is first 50$ removed from.

If you have 500$, you will get 450.

If you have 800, they will remove the 50, and you will get 500..

If you have 40000, when WR is met, they will remove 50, and you will get 500.

So don`t hit a jackpot during free chips, it will get you a headache!

The ultimate thing is to have exactly 550, then you know that you didn`t "lose" anything to use a free chip.

EDIT: I see that silcnlayc had a perfect answer before me!

 

[chayton]

ok cool, like I said I was just curious - I've never been able to make WR and withdraw the max so I wasn't sure how it worked.

 

[takethemoney]

Say you get a $50 freebie with 20x WR and 10x max cashout and the "bonus is non cashable and will be removed."

So you hit a RJ (yeah right) and wager $1000 and make WR - at that point all excess funds are removed and your balance goes to $500 which is the max cashout. So you go to withdraw and at that point the original $50 bonus is removed.

So the max cashout should realistically say 9x the bonus, right? Since once you make WR you can't get your balance over $500...? Or can you?

This hasn't happened to me, I'm just curious.

You are correct. It's shady disclosure. Also, if we want to really pick it apart, you won't even get $450 by the time your bank charges you the incoming wire transfer fee.

 

[anniemac]

I have cashed out on several free chips at various casinos. I have always cashed out the max plus the chip, $550 for a $50 chip, 10x, and have never been given any flack about it. Some at Club World and some at some pretty shady places. What can I say, I like free chips.

But I always figure that if I ever am going to hit a RJ it will be on a free chip with a max cashout.

 

[Peter-Jan]

As there is a 10x max cashout and bonus money is not cashable (so either sticky or play bonus), it seems to me that players in such a situation are entitled to cashing out $500 in your example. In other words, if they cash out when the balance is $500 instead of $550, they'd leave money on the table.

 

[chayton]

Ok someone tell me this. You're playing using the same example - $50 non-cashable freebie 20x WR 10x Max Cashout. You win a Random Jackpot and your balance is at $5000 when you reach WR. Doesn't the extra money (everything OVER your max allowable cashout) disappear from your balance right then? Most RTG casinos now remove excess funds as soon as WR are met so you can't rack up comps or whatever. So does it leave you with a $500 balance? Or does it leave you with a $550 balance so you can still cash out the max and give the bonus back? Or do they include the $50 bonus as part of the $4500 they took back when you met WR and still let you cash out $500?

And if you continue to play, can you ever get your balance over the $500 again or is it just capped at that amount?

 

[chayton]

What can I say, I like free chips.

But I always figure that if I ever am going to hit a RJ it will be on a free chip with a max cashout.

I have nightmares about that! One of those iNetBet $3 chips....ack

 

[Balky]

That nightmare happened to me last summer, when I hit a RJ on Paydirt. 3700 with a max cashout of 250. Ouch, ouch ouch. Last december the gambling god however made up for that and I hit another one of 1,5K on Aztek Treasure which I received in full.

Cheers Balky

 

[takethemoney]

I'm really curious what happens if you hit a network progressive when on a bonus with a max cashout. Supposedly several casinos contribute to the network jackpots, such as Jackpot Cleopatras and Aztec's Millions. Where does the money go when they are hit?

 

[KasinoKing]

I'm really curious what happens if you hit a network progressive when on a bonus with a max cashout. Supposedly several casinos contribute to the network jackpots, such as Jackpot Cleopatras and Aztec's Millions. Where does the money go when they are hit?

a) I believe you are not allowed to play network progressives on a free chip.
b) If you did and you hit the jackpot, reputable casinos would put the money back in the prize pool. The "Other Casinos" would use it to build themselves a swimming pool!

KK