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Why use 50% deposit bonus?

Discussion in 'Online Casinos' started by Stovetopp, Dec 30, 2009.

    Dec 30, 2009
  1. Stovetopp

    Stovetopp Senior Member MM

    Occupation:
    Retired
    Location:
    On the Beach
    I see quite a few of my favorite RTG casinos are offering this "wonderful" 50% deposit bonus.

    I am not condemning those who take it but can you give a good reason?

    Lets say I deposit $100 and get the 50%bonus So now I have a whopping $150 to start In order to collect I have to make a $3000 or 44500 WR depending where one plays,

    Wouldn,t it be better to just deposit and take a chance that you can get it up to $150 and then do your thing to get the big kill? In doing so you have the option of quitting at anytime and hit the withdraw button

    Enlighten me please
     
  2. Dec 30, 2009
  3. same_old

    same_old Dormant account PABaccred webmeister

    Occupation:
    12th man
    Location:
    Australia
    One reason is someone only has a spare $100 to spend and they want some decent play time, so they go for the 50% bonus, nine times out of ten they will always usually play about $3000-$4k worth of playing anyway so they figure why not.

    I do see what your saying though it does sound a little silly on one side of the coin but on the other they see a lot more play time.
     
  4. Dec 30, 2009
  5. zippedup

    zippedup Dormant account

    Occupation:
    retired
    Location:
    Atlanta suburb of alpharetta
    I agree 100% Stove! Good post!
     
  6. Dec 30, 2009
  7. oldtrvlagt

    oldtrvlagt Dormant account

    Occupation:
    Self Employed Travel Agent
    Location:
    Iowa
    I agree 100%..the 50% bonuses and lower are worthless IMO. I've had it happen more than once where I've had a good balance after 50-60 spins but am forced to continue because of the WR, where if I had not claimed a bonus I could have cashed out and started over!
     
  8. Dec 30, 2009
  9. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Occupation:
    EXECUTIVE
    Location:
    SOMEWHERE IN ASIA
    As long as the bonus is cashable, same_old's views are valid.
     
  10. Dec 30, 2009
  11. De Beuker

    De Beuker Senior Member

    Occupation:
    Production
    Location:
    Netherlands
    At most of the RTG's these bonuses are non-cashable, and they still carry the standard 20-30x D+B WR, and thats what makes them so completely worthless.
    I like to play with a bonus, but never with such a bonus.
    One nice hit on your first slot and you'll have the same balance...with no WR at all..
     
    1 person likes this.
  12. Dec 30, 2009
  13. Wildfire7

    Wildfire7 Dormant account

    Occupation:
    Engineering
    Location:
    UK
    I agree bonuses of less than 100% represent poor value. If the deposit exceeds the bonus then the WR should be weighted. If WR is D+Bx30 on a 100% match then WR for a 100 deposit would be 6000 and on a 50% bonus WR would be 4500 and on a 25% bonus 3750.

    The bonus WR is a fixed value which is not in Equilibrium with the deposit. An extreme example of this for a 1% bonus would be a WR of 3030. Where the 1 credit needs to be wagered 30 times as does the 100 deposit. A value 100 times greater, yet still subjected to the same WR. (Obviously this is just a hypothetical example to highlight the poor value in taking on below 100% bonuses tied to a deposit).

    A fairer formula for bonuses of 50% would be BX30 + D/2x30 or for a 25% bonus BX30 + D/4x30
    So the original example of D+Bx30 on a 50% bonus on a 100 deposit would be a WR of 4500
    Using the formula BX30 + D/2x30 = 3000

    Mike
     
  14. Dec 30, 2009
  15. Stovetopp

    Stovetopp Senior Member MM

    Occupation:
    Retired
    Location:
    On the Beach
    Well, I must be doing something wrong!!! Tell me how I can "usually" wage $1500 on 100 dollarars.If it was usual OR NORMAL to play 3000-4000 WR on even 200 dollars I think I would break the casino LOL
     

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