How the casino takes money from you with a deposit bonus - page 4.

yahoo62278

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Quote from: dezoel on June 18, 2023, 11:22:49 AM

Quote from: yahoo62278 on June 17, 2023, 03:57:34 PM

I've taken a few deposit bonuses from betchain.com over the years and beat their wager requirement a few times. I'm not sure what % of the time I beat the wager, but it's not impossible.

In general, I agree with you that taking bonuses on a deposit is in favor of the casinos. I do however think taking a bonus on a small amount to test a casino isn't a bad idea. Not trying to think you're going to win bit or anything, but just tossing $50 in the trash and getting their deposit match to let you test more games. If you decide you like a platform, then you can make a normal deposit and reject a bonus.

That isn't a bad idea only to test a casino but most people don't take it that way, they don't make small deposits to get the bonus only to try out the platform but they make bigger deposits only so that they can get higher deposit bonus without thinking about the consequences of that and the wagering requirement they will need to complete before they can request a withdraw even if they manage to win something significant.

That is the reason why most people later start complaining that they are not being able to withdraw their winnings because they initially don't pay attention to the details of the bonuses the casino is providing and they simply just make deposits and start gambling and later on they get in trouble.

You're probably right about the people not paying attention to the details of a deposit bonus. Honestly, there are probably 1% of gamblers who actually read the ToS prior to getting into an issue on a site. Most sign up, look for free money, then proceed to try and hit big. Casinos aren't stupid, they know these deposit bonuses are going to come out in their favor heavily and they also know that most people do not read the fine print.

Webetcoins

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What's the best is not to gamble with casinos that has such high wagering requirements for the bonuses they give out, because someone will surely lose his deposit before he manages to complete the wagering requirement which makes the bonus totally useless, people get excited when they see the percentage of the bonuses they can get for their deposits without understanding that they will get absolutely nothing out of that bonus.

So it is much better if you only gamble at casinos that requires you to complete a lower wagering requirement for both the deposit and the bonus, or one should simply gamble only with their deposited amount so that they don't have to go through the hassle.

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Quote from: markk1 on June 16, 2023, 05:13:45 PM

Thank you friend! Before reading your message, I realized that I messed up a little with D+B, already fixed it.

You're welcome bro, no problem but the case where the wagering requirement applies to both the deposit and the bonus is the worst case scenario, usually the wagering requirement only applies to the bonus when you want to withdraw it or for a certain period of time before being forfeited. So to be fair, a 40x requirement for the sum of the deposit and the bonus is pretty uncommon.

dezoel

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Quote from: yahoo62278 on June 17, 2023, 03:57:34 PM

I've taken a few deposit bonuses from betchain.com over the years and beat their wager requirement a few times. I'm not sure what % of the time I beat the wager, but it's not impossible.

In general, I agree with you that taking bonuses on a deposit is in favor of the casinos. I do however think taking a bonus on a small amount to test a casino isn't a bad idea. Not trying to think you're going to win bit or anything, but just tossing $50 in the trash and getting their deposit match to let you test more games. If you decide you like a platform, then you can make a normal deposit and reject a bonus.

That isn't a bad idea only to test a casino but most people don't take it that way, they don't make small deposits to get the bonus only to try out the platform but they make bigger deposits only so that they can get higher deposit bonus without thinking about the consequences of that and the wagering requirement they will need to complete before they can request a withdraw even if they manage to win something significant.

That is the reason why most people later start complaining that they are not being able to withdraw their winnings because they initially don't pay attention to the details of the bonuses the casino is providing and they simply just make deposits and start gambling and later on they get in trouble.

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Quote from: markk1 on June 16, 2023, 04:44:03 PM

Hello! Seeing here a topic about bonuses and rewards. Decided to create a topic. It seems to me very important for players who do not understand how RTP works in a casino and why they give deposit bonuses with a large wager (x10+). Also, those who did not understand how it works before will be able to calculate EV (Expected value) by themselves. And yes, you can still find bonuses with +EV, I personally know one such casino.

~snip~

This is very important information that you brought us.

Many casinos use the bonus strategy to attract new, inexperienced players who think that the bonus only increases the player's chances of winning (which is still true) but the details of how this bonus is awarded and can be redeemed many times they are only clear to the gambler when he tries to redeem it and realizes that he needs to meet the requirements for this, at which point he is emotionally shaken, becomes destabilized in the game and often ends up losing all the amount earned and also what he deposited.

I love receiving bonuses, I believe that no casino game would be as attractive without them, but unfortunately many inexperienced players do not consider their risks or even understand the mechanics of how it works.

Thanks for your contribution!

panjul07

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Frankly speaking deposit bonus is not my thing as I'm not interested with it at all after I knew how it works.
At the beginning when I was still new in online gambling, I thought that deposit bonus is an attractive offer to be missed but after I changed my mind after I did some research.
However I'm experienced with No Deposit Bonus few times in the past where it was he most popular promotion offered by new casinos.
I have once completed the wagering requirement of No Deposit Bonus in Betchain and managed to withdraw the profit.
It was a lucky moment, but it does not make me interested to take any deposit bonus.

ethereumhunter

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Quote from: markk1 on June 17, 2023, 01:30:48 PM

Quote from: seoincorporation on June 17, 2023, 11:11:50 AM

The deposit bonus is a bait, i mean, they are made to be hard for the users, and most of the users will not complete the wager, but some lucky user will complete it, you only need a good run for it.

But the main thing that I dislike about that kind of bonus is the fact that they limit the possible win, so, if you make a $100 depo, and get $200, and you are only allowed to withdraw $300, it would really suck if we are in a good run up to $1500 in balance and we can't take it all.

Yes, now it is not uncommon to see bonus conditions in the form of withdrawal restrictions. Most often I see a x10 maximum withdrawal limit from a deposit bonus. Also, for beginners casinos now give tricky free spins without a deposit, which can only be wagered for a real deposit.

So we should be careful and wise in choosing a bonus promo like that so we don't feel trapped in a promo. And we also have to check the rules of each promo and only choose the promo we think we can get. Apart from that, we must also remember that we have to bet with the money we can afford not to exceed our set limits.

Thus, we can gamble comfortably and without any burden at all. And we also don't need to try to follow the promo if we feel it is burdensome for us because we are the ones who have to choose the promo and not the casino that decides. The casino only gives a list of promos that we can follow, which will be up to us.

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: Wiwo on June 17, 2023, 05:28:40 PM

Quote from: qwertyup23 on June 17, 2023, 05:19:20 PM

Quote from: Wiwo on June 16, 2023, 04:52:39 PM

Personally, I try as much as possible to avoid deposit bonuses this is because of it accompanying conditions because as a gambler the hardest and most painful experience is when you see that you lost all that you have won trying to meet the conditions of the casino, because of the usage of bonus code and the requirements that comes with it.

Deposit and any other type of bonuses always come with these conditions and if a gambler is not careful enough to read and properly understand these conditions it may become the failing pits because they may be confronted with high wager conditions to meet up with which may become difficult to do.

I do think that these casino bonuses that are being offered are somehow misleading in nature- there are lots of conditions that must be met in order to receive it. In addition, sometimes, I often experience difficulty in withdrawing my cash due to some internal issues that the gambling company must first determine.

As much as I appreciate the bonuses being offered by these gambling websites, nothing beats a reliable gambling website that offers superior security and reliability when it comes to disposing of payments and cash in the process.

Sure, these casinos may offer higher rewards/bonuses but reliability is what makes me stay consistent and loyal at a certain casino even if they offer lower bonuses as rewards.

My friend once said that the casino is the boss and any offer their make must come with conditions and in this case they made the rules and the most appealing condition for the casino is wagering, since this condition brings in more money for the casino.

So every bonus is always attached with a wager condition and this condition always leads to more losses for the player and not the casino as the case may be.

Bonuses are only a marketing strategy carried out by gambling to double their profits and attract more new users so that new users will make a deposit with a certain amount that is stated in the rules for receiving bonuses.
Terms and conditions are really a must read, as every online casino has their own rules. You really have to be careful not to be disappointed, don't just be tempted by Bonus Ads for new users, it's even the same as bait that will attract big fish to enter.

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Quote from: decodx on June 17, 2023, 10:40:47 AM

Quote from: harizen on June 17, 2023, 04:27:58 AM

The bottom line though is, regardless of the RTP or anything, or what the required turnover is, it ends up to the user's luck.

For example, some casinos offer deposit bonuses that can only be used on slots games. If you like table games and video poker more than slots, this is not good for you. You will be required to play only slots games and lose your money before you can use the bonus.

I don't think that was unusual and unfair by all means. It just make sense that deposit bonuses and promotions varies per gambling variations and type because of different playing style, types of algorithm, EV related stuffs, RTP''s etc.

That's why at most cases, there's a separate bonus terms just exclusively, for example, sports betting etc.

I'm sure there are no gambling sites that have the same deposit bonus terms between luck-based and strategy-based.

uneng

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Quote from: qwertyup23 on June 17, 2023, 05:19:20 PM

Quote from: Wiwo on June 16, 2023, 04:52:39 PM

Personally, I try as much as possible to avoid deposit bonuses this is because of it accompanying conditions because as a gambler the hardest and most painful experience is when you see that you lost all that you have won trying to meet the conditions of the casino, because of the usage of bonus code and the requirements that comes with it.

Deposit and any other type of bonuses always come with these conditions and if a gambler is not careful enough to read and properly understand these conditions it may become the failing pits because they may be confronted with high wager conditions to meet up with which may become difficult to do.

I do think that these casino bonuses that are being offered are somehow misleading in nature- there are lots of conditions that must be met in order to receive it. In addition, sometimes, I often experience difficulty in withdrawing my cash due to some internal issues that the gambling company must first determine.

As much as I appreciate the bonuses being offered by these gambling websites, nothing beats a reliable gambling website that offers superior security and reliability when it comes to disposing payments and cash in the process.

Sure, these casinos may offer higher rewards/bonuses but reliability is what makes me stay consistent and loyal at a certain casino even if they offer lower bonuses as rewards.

That is why we have to read the bonus' terms before going for it. Maybe it's a hard thing to do for newbies, because they get excited when they see the promotion and want to take part of it as faster as possible, however, as we get more experienced on this industry we learn that nothing comes for free and that a 100% bonus on deposit must come with harsh requirements, otherwise casinos would be going bankrupt frequently.

The catchy point is that only few gamblers will be able to claim the final reward, since most will fail when trying to wager their deposits x40 or even more times. So casinos use the profit made with the gamblers in loss to pay the winner ones, exactly like it works with jackpot prizes. If we think carefully, deposit bonus works more like a bonus for the casino, not for the players...

Wiwo

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Quote from: qwertyup23 on June 17, 2023, 05:19:20 PM

Quote from: Wiwo on June 16, 2023, 04:52:39 PM

Personally, I try as much as possible to avoid deposit bonuses this is because of it accompanying conditions because as a gambler the hardest and most painful experience is when you see that you lost all that you have won trying to meet the conditions of the casino, because of the usage of bonus code and the requirements that comes with it.

Deposit and any other type of bonuses always come with these conditions and if a gambler is not careful enough to read and properly understand these conditions it may become the failing pits because they may be confronted with high wager conditions to meet up with which may become difficult to do.

I do think that these casino bonuses that are being offered are somehow misleading in nature- there are lots of conditions that must be met in order to receive it. In addition, sometimes, I often experience difficulty in withdrawing my cash due to some internal issues that the gambling company must first determine.

As much as I appreciate the bonuses being offered by these gambling websites, nothing beats a reliable gambling website that offers superior security and reliability when it comes to disposing of payments and cash in the process.

Sure, these casinos may offer higher rewards/bonuses but reliability is what makes me stay consistent and loyal at a certain casino even if they offer lower bonuses as rewards.

My friend once said that the casino is the boss and any offer their make must come with conditions and in this case they made the rules and the most appealing condition for the casino is wagering, since this condition brings in more money for the casino.

So every bonus is always attached with a wager condition and this condition always leads to more losses for the player and not the casino as the case may be.

qwertyup23

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Quote from: Wiwo on June 16, 2023, 04:52:39 PM

Personally, I try as much as possible to avoid deposit bonuses this is because of it accompanying conditions because as a gambler the hardest and most painful experience is when you see that you lost all that you have won trying to meet the conditions of the casino, because of the usage of bonus code and the requirements that comes with it.

Deposit and any other type of bonuses always come with these conditions and if a gambler is not careful enough to read and properly understand these conditions it may become the failing pits because they may be confronted with high wager conditions to meet up with which may become difficult to do.

I do think that these casino bonuses that are being offered are somehow misleading in nature- there are lots of conditions that must be met in order to receive it. In addition, sometimes, I often experience difficulty in withdrawing my cash due to some internal issues that the gambling company must first determine.

As much as I appreciate the bonuses being offered by these gambling websites, nothing beats a reliable gambling website that offers superior security and reliability when it comes to disposing payments and cash in the process.

Sure, these casinos may offer higher rewards/bonuses but reliability is what makes me stay consistent and loyal at a certain casino even if they offer lower bonuses as rewards.

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Quote from: yahoo62278 on June 17, 2023, 03:57:34 PM

I've taken a few deposit bonuses from betchain.com over the years and beat their wager requirement a few times. I'm not sure what % of the time I beat the wager, but it's not impossible.

In general, I agree with you that taking bonuses on a deposit is in favor of the casinos. I do however think taking a bonus on a small amount to test a casino isn't a bad idea. Not trying to think you're going to win bit or anything, but just tossing $50 in the trash and getting their deposit match to let you test more games. If you decide you like a platform, then you can make a normal deposit and reject a bonus.

Thats if you do have that kind of thinking and budget allocation or funding your gambling account just for the sake of income making and seeing those bonuses to be that a huge advantage then

you would 100% f*cking up yourself in the end and would be banging up your head into the wall on which you would really be having regrets on what have you done. Throwing out some $50 bucks or less or more then it would really be just that a good amount on testing out the site. You wouldn't really be stressing out yourself on trying to get that wagering requirement.

it would really be removing the real essence of entertainment on the time that you are already get stressed just because you are minding about on withdrawing
which it is really not that something that would be good when you do play.This is why its always important that you should know about those deposit terms,
they wont really be putting those things without having such rules.

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Quote from: goaldigger on June 17, 2023, 04:47:14 PM

Quote from: seleme on June 17, 2023, 04:38:48 PM

I personally don't like deposit bonuses for obvious reasons that have been mentioned here. There are various deposit bonus offers at different casinos but the hidden conditions make it hard to reach the mentioned level. The scenario is totally different for casino streamers who get a commission from wagering such bonuses btw.

Deposit bonus is not just to attract new gamblers but also to force them to gamble more and that’s the reality. So don’t get fooled about the 100% bonus when you deposit first because you’ll need to accomplish a task before you actually receive it, and that means you can lose more before you actually earn that bonus. Many casinos uses this kind of hype just to promote their site, again read everything before you believe on it.

Ofc, I don't deposit on a website that has no concrete T&S about deposit bonuses or promotions, there are several websites that offer such bonuses without clear terms and conditions. Promoting the website is just one side of the job, there are various cases that have been used against users to make marketing moves. Some users don't look closely and jump into such offers, unfortunately. Promoting the website can be done in alternate ways as well but such lucrative ways can turn to be a trap for uneducated gamblers. Actually, it is still the way for casinos to make marketing moves to bring gamblers from alternative casinos.

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Quote from: seleme on June 17, 2023, 04:38:48 PM

I personally don't like deposit bonuses for obvious reasons that have been mentioned here. There are various deposit bonus offers at different casinos but the hidden conditions make it hard to reach the mentioned level. The scenario is totally different for casino streamers who get a commission from wagering such bonuses btw.

Deposit bonus is not just to attract new gamblers but also to force them to gamble more and that’s the reality. So don’t get fooled about the 100% bonus when you deposit first because you’ll need to accomplish a task before you actually receive it, and that means you can lose more before you actually earn that bonus. Many casinos uses this kind of hype just to promote their site, again read everything before you believe on it.

seleme

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I personally don't like deposit bonuses for obvious reasons that have been mentioned here. There are various deposit bonus offers at different casinos but the hidden conditions make it hard to reach the mentioned level. The scenario is totally different for casino streamers who get a commission from wagering such bonuses btw. Imagine turning $1000 into $100k but you are only allowed to withdraw $10k of the total winnings due to the rules stated by the casino affiliate team. It is what it is, if you don't like this way of making some money, there is nothing left to do except refuse to take such conditional bonuses.

yahoo62278

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I've taken a few deposit bonuses from betchain.com over the years and beat their wager requirement a few times. I'm not sure what % of the time I beat the wager, but it's not impossible.

In general, I agree with you that taking bonuses on a deposit is in favor of the casinos. I do however think taking a bonus on a small amount to test a casino isn't a bad idea. Not trying to think you're going to win bit or anything, but just tossing $50 in the trash and getting their deposit match to let you test more games. If you decide you like a platform, then you can make a normal deposit and reject a bonus.

markk1

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Quote from: seoincorporation on June 17, 2023, 11:11:50 AM

The deposit bonus is a bait, i mean, they are made to be hard for the users, and most of the users will not complete the wager, but some lucky user will complete it, you only need a good run for it.

But the main thing that I dislike about that kind of bonus is the fact that they limit the possible win, so, if you make a $100 depo, and get $200, and you are only allowed to withdraw $300, it would really suck if we are in a good run up to $1500 in balance and we can't take it all.

Yes, now it is not uncommon to see bonus conditions in the form of withdrawal restrictions. Most often I see a x10 maximum withdrawal limit from a deposit bonus. Also, for beginners casinos now give tricky free spins without a deposit, which can only be wagered for a real deposit.

molsewid

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Quote from: QueenVera on June 16, 2023, 05:40:30 PM

Well you did a very great job and if this is true, then I now see reasons why a casino isn't expected to just easily go bankrupt if they play their cards well.
In sure every every businesses has the primary goal as to make profit and casinos aren't exempted and I have no issues with all these calculations and the gambler because the casino never forced anyone to use the welcome bonus but rather a personal decisions.
I personally don't make attempt or enjoy making attempts to use the welcome bonuses because of the hello of terms and contains that will be associated and I just simply prefer to skip.

Me too, I know that it will be a hassle in the long run using that bonus. It will only trigger you to deposit more to get or to comply to the requirements of the casino. We should play without welcome bonus if you want, maybe I should try referral bonus instead. I know that there is a scheme behind this welcome bonus of course they will make it so that they can get more gambler.

markk1

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Quote from: tusandii on June 17, 2023, 09:48:05 AM

Quote from: markk1 on June 17, 2023, 09:35:01 AM

I personally know one casino where the wager for x1 bonuses. For example, they give a 100% bonus up to $1000 with x1 wagering. The casino withdraws money, but verification is required through the bot in the service. The perfect casino for a bonus hunters. I'm ready to give a link for a small remuneration, PM.

Which casino do you know with 1x wagering requirements but has a 100% or $1000 bonus, tell us the name I'm also curious about the casino you mean.
Many casinos already use bots in their services, so it's not a difficult thing, but at least if there is a problem they want to deal with it right away, not a bot that actually gives a response.

Regarding bonuses, I have never felt getting a bonus with a decent and easy amount with just 1x bet.

Only in one hand I am ready to give a link to the casino, if I post it here, an influx of people will go and the wager will be raised.

Topic: How the casino takes money from you with a deposit bonus - page 4. (Read 814 times)