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What's the deal with bonuses?

Discussion in 'Online Casinos' started by XMaNIaC, Jun 8, 2008.

    Jun 8, 2008
  1. XMaNIaC

    XMaNIaC Dormant account

    Occupation:
    Engineer
    Location:
    Madrid
    So I've opened an account at betfair. They match my deposit of 75 with a bonus. I play at the BJ table with 140 chips. Loose 75 (over 100 hands). I transfer back the remaining chips and it says that the max amount I can trasnfer is 0. So basically I've lost the whole deposit.

    Can someone explain the usefulness of them?

    Regards
     
  2. Jun 8, 2008
  3. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Occupation:
    EXECUTIVE
    Location:
    SOMEWHERE IN ASIA
    Are you saying you are withdrawing the chips and not transferring them. If that's the case, they are right in not allowing you to withdraw otherwise you are not taking any risk and you will certainly not be able to lose as it's their money you are playing with. Maybe you should make it clearer what you are talking about.
     
  4. Jun 8, 2008
  5. XMaNIaC

    XMaNIaC Dormant account

    Occupation:
    Engineer
    Location:
    Madrid
    I'll try to be more clear this time. I deposited 75. I got a bonus of 75 in chips. I played about 150 hands and lose 75 chips (borderline incredible).

    So, at this point, I'm not sure I want to continue playing at this casino and try to withdraw to my bank as much as I can. This number is 0. The report engine shows bets that always involved my deposited money and the bonus amount is constant at 75 as it was never touched.

    What is it for then?

    Regards,
     
  6. Jun 8, 2008
  7. james01

    james01 Dormant account

    Occupation:
    Webmaster
    Location:
    Germany
    Bonuses are for playing with. They aren't money as such. Rather they are money which you can use to wager with. Additionally, each casino has wagering requirements. What you should do now is examine the wagering requirements. You probably cannot meet the requirements by playing blackjack. You'll need to play slots or another game. If you come out ahead after meeting those requirements, then you'll be able to cash out. You can't use the bonus as cash. It wouldn't make sense for casinos to give away that kind of money, would it?
     
  8. Jun 8, 2008
  9. zuga

    zuga Dormant account webmeister

    Occupation:
    Webmaster
    Location:
    Belgrade, Serbia
    Actually the given bonus at betfair is both cashable and BJ allowed. The WR(wagering requirement) is 30xb.
    The games that are excluded from this promotion are Craps, Single Deck Blackjack, Baccarat, Roulette and all Zero Lounge games.So XMaNIaC can play for example multihand BJ..
     
  10. Jun 8, 2008
  11. XMaNIaC

    XMaNIaC Dormant account

    Occupation:
    Engineer
    Location:
    Madrid
    If I've understood correctly once I've wagered 2250 I could cash out the 75 of the bonus. Is this correct? So, basically I would have to deposit again and play around 2000 hands, not loose a dime and then I would be on par...:eek2:

    Do you consider a bonus like this interesting at all? 2250 hands seems quite a number for 75

    Regards
     
  12. Jun 8, 2008
  13. zuga

    zuga Dormant account webmeister

    Occupation:
    Webmaster
    Location:
    Belgrade, Serbia
    Actually 30xb is pretty much low for BJ allowed bonus.Of course there are better BJ bonuses out there( bet365,888.com,ect)., but decent number of casinos dont allow BJ, or if they do the WR is huge,or bonus is sticky...And yes 75x30= 2250 to wager to be able to withdraw any bonus and possible winnings.. You can try to meet the WR with the money left..
     
  14. Jun 8, 2008
  15. Jufo

    Jufo Three-toed sloth

    Occupation:
    Teacher
    Location:
    Finland
    You don't have to re-deposit, you can continue to play with the bonus funds until you have wagered 75*30 = 2250 total. You can check how much you have wagered at Casino -> My Account -> Player Profile. 30x Blackjack bonuses are rare and very good, but of course it is always possible to lose.
     
  16. Jun 9, 2008
  17. paul02085

    paul02085 Senior Member

    Occupation:
    Fishing :)
    Location:
    USA
    Obviously the OP is new to bonuses. All he needs to know is that this is one of the best bonuses he is going to see so if dont like this one i would say dont play with any bonuses. Good luck!
     
  18. Jun 9, 2008
  19. aka23

    aka23 Dormant account

    Occupation:
    Technical
    Location:
    Planet Earth
    If you play without bonuses, the casino has an edge. You are expected to lose over time. If you play with bonuses, you may have an edge over the casino during the bonus play, or the casino may have a smaller edge. You have a much better chance of coming out ahead over time.

    Is it losing 75 over 100 hands, or losing 75 over 150 hands? You can check the chance of results occurring in the calc on my signature. It says the chance of losing 75 in 150 hands (with a 1 chip initial bet) is >5 SDs below normal, which is the rarest result I have ever heard of with a large, well known software. I suspect that you either weren't using optimal BJ strategy or your bet size was higher than 1 chip.
     
  20. Jun 9, 2008
  21. GaryWatson

    GaryWatson Dormant account

    Occupation:
    Marketing Consultant
    Location:
    Europe
    :lolup::lolup::lolup::lolup::lolup::lolup:

    Without trying to sound technical.
    You are saying something is better than nothing?
    Transparency springs to mind.
    AK is a blackjack now.
     
  22. Jun 9, 2008
  23. james01

    james01 Dormant account

    Occupation:
    Webmaster
    Location:
    Germany
    Yes, something is WAY better than nothing. It's true that with the wagering requirements, the casino still has an edge on you, but that edge is greatly reduced, and you certainly get a lot more play for your buck.
     
  24. Jun 9, 2008
  25. GaryWatson

    GaryWatson Dormant account

    Occupation:
    Marketing Consultant
    Location:
    Europe
    James, its the same answer.

    Without trying to sound technical.
    You are saying something is better than nothing?
    Transparency springs to mind.
    AK is a blackjack now.


    I know aka23 doesnt have a gamblers knowledge but I hate seeing people fudge it.

    Transparency springs to mind.
     
  26. Jun 11, 2008
  27. XMaNIaC

    XMaNIaC Dormant account

    Occupation:
    Engineer
    Location:
    Madrid
    Thank you for the calculator. I must apologize. The other day I was really pissed off and I clearly exaggerated. The actual results where 30 lost in 170 hands.. :oops::oops::oops::oops::oops::oops::oops:
     

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