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Unibet claims to have the Norwegian market's best bonus

Discussion in 'Online Casinos' started by spoton, Sep 16, 2015.

    Sep 16, 2015
  1. spoton

    spoton Senior Member webmeister

    Occupation:
    Student
    Location:
    Right behind you
    Thought I would tell you guys about Unibet's newest stunt on their Norwegian page (Couldn't find it on .se or .com site, but It might just be me I guess)

    Unibet has done a nice little stunt here on the Norwegian casino market, where they have collected the welcome bonus terms of pretty much all other casinos on the Norwegian market, and then calculated the expected value from a deposit of 1000 NOK which is a bit over 100 Euro.

    The top 5 of the "competition" is Unibet(of course) with a EV of + 340 NOK, Maria with EV on +10 NOK, 7Red with EV on -33 NOK, Mr Green and Nordicbet both with EV of -155NOK.

    It will be interesting to see how the rest of the casinos responds to this thing. Will they change their WR or other bonus terms? Or will they come up with any excuses? I guess other terms like banned games etc, could influence the result a little bit. Unibet calculated the EV with a average RTP of 97% I believe.

    They say their motives are to make it easier for the customers to decide, and I kind of agree with them there. There are some casinos with huge and "flashy" bonuses today that can be pretty bad when you read the terms, and it doesen't make the casino business look very good in the end.
     
    7 people like this.
  2. Sep 16, 2015
  3. hedgehok

    hedgehok Senior Member mm3

    Occupation:
    self-employed
    Location:
    Germany
    I question if it is the right approach to attract players with the better bonus-EV. Let aside many don't even understand what that means. What are they trying to achieve with that?

    It would be interesting to know more about the calculation process though. Do you have some more information about that?
     
  4. Sep 16, 2015
  5. spoton

    spoton Senior Member webmeister

    Occupation:
    Student
    Location:
    Right behind you
    Well if you explain it properly, like Unibet did I think most players will understand it. But it might not attract players in the same way that ammounts or percentages do.

    They calculated it like this : where funds left = (X+Y) - Y*Z*E, where X and Y is deposit and bonus , Z=WR and E is house egde= 1 - (average RTP)/100 that they calculated to be 3.3%= 0.033 for all the casinos.

    Its on the Norwegian Unibet page, so if you want to read more go there and use google translate or something :)
     
    1 person likes this.
  6. Sep 16, 2015
  7. Matti

    Matti Senior Member MM

    Occupation:
    Business Development Tech
    Location:
    Sweden
    Hi spoton,

    Can you please post a link to the actual page? I can't find it on unibet.no :oops:
     
  8. Sep 16, 2015
  9. hedgehok

    hedgehok Senior Member mm3

    Occupation:
    self-employed
    Location:
    Germany
    xhttps://no.unibet.com/promotions/casino-promotions/markedets-beste-bonus
     
    1 person likes this.
  10. Sep 16, 2015
  11. spoton

    spoton Senior Member webmeister

    Occupation:
    Student
    Location:
    Right behind you
    You must register/login in order to see the link.
     
    1 person likes this.
  12. Sep 16, 2015
  13. onkel

    onkel Experienced Member PABnonaccred

    Occupation:
    webmaster
    Location:
    Larnaca, Cyprus, Cyprus
    The calculation is somewhat correct, but I'd say that the EV from bonuses where you can withdraw at any time as long as you haven't touched the bonus funds, far exceeds bonuses where your funds are locked in.
     
  14. Sep 16, 2015
  15. MightyDuck

    MightyDuck Experienced Member

    Occupation:
    electrical engineer
    Location:
    €urope
    The formula would be only applicable for games without variance. Otherwise you have to add variance to the calculation.

    The formula would be more accurate:

    (X+Y) - Y*Z*E*σ , σ=chance meeting WR, 0 < σ < 1 if Y>Z

    σ is dependent on betsize and game-variance. The higher the risk the lower σ (chance meeting WR) would be.
     
    1 person likes this.
  16. Sep 16, 2015
  17. spintee

    spintee Meister Member webby mm2

    Occupation:
    gambler :)
    Location:
    Northants
    Any one interested



    Unibet claims to have the Norwegian market's best bonus: Cae.JPG,Sep 16, 2015
     
    1 person likes this.
  18. Sep 16, 2015
  19. crazydice

    crazydice Dormant account

    Occupation:
    Slots
    Location:
    Vegas
    It's obviously all very theoretical but it's a nice start :)

    Hope others follow suit :notworthy
     
  20. Sep 16, 2015
  21. spoton

    spoton Senior Member webmeister

    Occupation:
    Student
    Location:
    Right behind you
    Variance won't change the expected value, as variance is a function of the expected value.

    But obviously the variance will play a bit role for what you actually get in the end. But that goes both ways.
     
  22. Sep 16, 2015
  23. MightyDuck

    MightyDuck Experienced Member

    Occupation:
    electrical engineer
    Location:
    €urope
    That would be correct if you carry-over WR.
     
  24. Sep 16, 2015
  25. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    The thing is I play at Unibet and once you've had a SUB getting further bonuses from them is like pulling a Zeppelin out of a cat's arse.
     
    3 people like this.
  26. Sep 16, 2015
  27. sofasurfer

    sofasurfer Just a guy

    Occupation:
    Head of Casino
    Location:
    United Kingdom
    Hi All,

    This campaign is being run by our Norwegian team, they have wanted to come on and post directly, but are having a bit of trouble creating an account. They have asked me to post the below message on their behalf.


    "We want to thank you for noticing and taking interest in our campaign. We should perhaps explain why we are doing this, since there were questions: The goal of the campaign is to create visibility regarding actual bonus value to everyone, and perhaps especially to customers who do not have the mathematical aptitude to calculate these values themselves. Hopefully this will lead to other casino providers following suit, so that we end up with bonuses which actually have some real-money value to not just our customers (who, after all, already have it), but to other companies’ customers as well.

    To also address the two other issues represented here:

    1. Regarding withdrawable funds: At Unibet you can remove the bonus and withdraw your funds, without having met the bonus requirements, if you have not touched the bonus. This means that the real value lies with the bonus money itself, which again means that the customer doesn’t take a risk by accepting the bonus. One can always choose to remove the bonus if one so chooses. If you win with your own money, this remains your own money – but you can’t make a withdrawal and keep your bonus until the turnover requirements are met.
    2. At the moment this is only happening in Norway – but everything has to be tested before it goes live globally. We do of course want to run this across all countries (so keep your eyes peeled J), but for now the concept is only being run in Norway. We do, however, all agree that this is the way the company – even the gaming business as a whole – should be moving.
    3. While it is of course true that for each customer you’d have to add the variance (σ), we aren’t claiming that this will be the value for each customer, merely that this will be the average value. We could go into mean values, for instance, and look at that, or the mean σ-value and put that into the calculation, but that might be too complicated for most (since you would also have to explain variance; after all, we are trying to explain everything as detailed as possible) – and in addition, the σ-value doesn’t affect our cost or the average value for our customer base.

    We did, however, inform on the page that there is variance and that this is strictly an average value, to provide as accurate information as possible.

    We hope that this is something our customers will appreciate, and that it will lead to more transparency and honest advertising in the business. At least one casino has changed their terms and conditions (although still not under the ‘breach value’ of 30x) as a result, and hopefully more of them will follow suit."
     
    5 people like this.
  28. Sep 16, 2015
  29. lnspin

    lnspin Senior Member webmeister

    Occupation:
    Webmaster - Mygamblinglife.com
    Location:
    WorldWide
    Will they cite bonus abuse and spirit of the bonus terms if people start winning and cash out after playthru?
     
  30. Sep 18, 2015
  31. UnibetSteffen

    UnibetSteffen Official Rep for <a href="http://www.casinomeister

    Occupation:
    Pr Manager and marketing coordinator
    Location:
    Oslo
    Answer:

    Hi guys, the account has been created and I will follow up on this case.

    The short answer: No.

    The long answer: If you play as normal, meet the requirements and then make a withdrawal, you will NOT be seen as a bonus abuser. The bonus has been created to be profitable, so that would be quite problematic.

    However, as I am sure you all know, there are those who discover loopholes (slot machines which somehow contribute more than 100% towards turnover requirement, for instance). Although we don't know of any at this point, if we discover that someone abuses the bonus in that regard, it will of course be treated as bonus abuse.

    But just meeting the bonus requirements in a regular manner, and then immediately making a withdrawal, will not count as bonus abuse. And we don't just give 20x TO req on the welcome bonus, either; all deposit bonuses given to our customers will have no more than 20x casino TO requirements.

    If you have any other questions, feel free to ask.

    Best regards, Steffen, Unibet
     
  32. Sep 18, 2015
  33. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall
    I have to laugh - "ALL deposit bonuses..." Well I've been with you 2 years and never seen one aside from the SUB. I suppose you could call them the 'Halley's Comet Bonuses' then.......

    P.S. If anybody finds out which slot(s) contributes >100% to WR let me know - there's a beer in it for you and I will get that beer back by playing a game which must have an RTP in excess of 100%.:lolup:
     
    3 people like this.
  34. Sep 18, 2015
  35. Jono777

    Jono777 Meister Member CAG mm4 mm1

    Occupation:
    Self- Employeed
    Location:
    Wolverhampton
    I too joined Unibet, main reason being all my favourite software providers all under one roof.

    Only deposited once (took SUB) and as mentioned ^^ nowt since.

    I do get at least one e-mail per week tho, offering me Tennis type betting promos, risk free 5'ers on football, none of which I'm interested in.

    Buck up your offers and you'll see more of my bucks! :rolleyes:

    The game with the 100%+ contribution and 200% TRTP is a new game from WMS. It is called 'Raging Rhino' and gives the bonus feature at least once every 10 spins and always pays in excess of 100x...blah...blah...blah

    Mines a Carling please!
     
    1 person likes this.
  36. Sep 18, 2015
  37. UnibetSteffen

    UnibetSteffen Official Rep for <a href="http://www.casinomeister

    Occupation:
    Pr Manager and marketing coordinator
    Location:
    Oslo
    Hehe well I can only speak for the Norwegian market, but we give out bonuses very often - almost weekly, in fact - to our casino customers :) And quite a few of them are marketwide; for a while we had marketwide bonuses every Monday. But it will of course depend from country to country; I can only speak for the Norwegian market specifically.
     
  38. Sep 28, 2015
  39. maxd

    maxd Complaints (PAB) Manager Staff Member

    Occupation:
    The PAB Guy
    Location:
    Saltirelandia
    Do you have another forum account? Please contact us ASAP with details.
     

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