How the casino takes money from you with a deposit bonus - page 6.

n0ne

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Quote from: AmoreJaz on June 16, 2023, 06:53:25 PM

Quote from: Magoo8 on June 16, 2023, 06:21:28 PM

You guys have been gambling for years are going to go way over the rollover amounts. Why in the world would you pass up a bonus unless you are going to hit and run and not gamble for the rest of your life. If you get a 100% bonus then you double your ROI. You will stay in the game much longer with a bonus.

that is, if you know also how you can prolong your game without busting your bankroll. most of the time you will also the deposit bonus because you need to meet your wagering requirements.

The person having good backup can prolong his wagering activities. Just with little amount it is really hard, but I don't say it isn't possible. Myself have got into these kind of wagering just with few dollars as bet and rolls above 2. Here the percentage of losing is small, yet the luck decides whether our expectations can be fulfilled or not.

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Quote from: Magoo8 on June 16, 2023, 06:21:28 PM

You guys have been gambling for years are going to go way over the rollover amounts. Why in the world would you pass up a bonus unless you are going to hit and run and not gamble for the rest of your life. If you get a 100% bonus then you double your ROI. You will stay in the game much longer with a bonus.

that is, if you know also how you can prolong your game without busting your bankroll. most of the time you will also bust the deposit bonus because you need to meet your wagering requirements. thus, check their wagering reqmts if it is also reasonable because such reqmt can easily kill your bankroll.

Magoo8

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Quote from: markk1 on June 16, 2023, 06:30:03 PM

Quote from: Magoo8 on June 16, 2023, 06:21:28 PM

You guys have been gambling for years are going to go way over the rollover amounts. Why in the world would you pass up a bonus unless you are going to hit and run and not gamble for the rest of your life. If you get a 100% bonus then you double your ROI. You will stay in the game much longer with a bonus.

The fact of the matter is that you stay longer in the game. In any case, casino RTP leads to a loss, this is not poker. You can further increase the time spent in the casino, play house games, such as Dice (in the best crypto casinos house edge is usually about 1%).

In slots you can hit a life changing jackpot. A bonus gives you more time to hit that jackpot.

markk1

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Quote from: Magoo8 on June 16, 2023, 06:21:28 PM

You guys have been gambling for years are going to go way over the rollover amounts. Why in the world would you pass up a bonus unless you are going to hit and run and not gamble for the rest of your life. If you get a 100% bonus then you double your ROI. You will stay in the game much longer with a bonus.

The fact of the matter is that you stay longer in the game. In any case, casino RTP leads to a loss, this is not poker. You can further increase the time spent in the casino, play house games, such as Dice (in the best crypto casinos house edge is usually about 1%).

Magoo8

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You guys have been gambling for years are going to go way over the rollover amounts. Why in the world would you pass up a bonus unless you are going to hit and run and not gamble for the rest of your life. If you get a 100% bonus then you double your ROI. You will stay in the game much longer with a bonus.

Wiwo

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Quote from: khaled0111 on June 16, 2023, 05:21:53 PM

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

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.

This is exactly why casinos have this requirement coupled with almost all the bonuses they offer. They set high wagering requirement to be sure you will be at lost before meeting the requirement and being able to withdraw. You can't blame them, though. They run a business and we all know they don't give free money.
The only benifit for users is that bonuses money allow them to play more and extend a bit their gambling seessio.

Playing more games with the bonuses are the only benefits players get from those bonuses and aside from that, the player also gets to increase in rank on the casino from the amount of wagering trying to chase the limit to withdraw and from the multiple wagers your referral if any will generate income from your wagering but at the end of the day, the casino still end up with the highest percentage gains and that becomes a win-win for the casino.

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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.

The best bonus is not to take the bonus if it has a big wager, because it will be -EV (-Expected value). Any casino game is -EV, if you play by the rules of the casino. I will give an example of why you should not take deposit bonuses with a high wager. The casino gives a 100% bonus on the first deposit and wager x40 (D+B) = 200 x40 = 8k, we make a deposit of $100 and they give us another $100 = $200 (wager 200*40=8k). The casino has an average RTP of 96% (percent is different everywhere, depends on slots or house games and so on). For every $100 wagered we get back $96 according to the mathematical expectation (100-96=4), $960 for 1k wager (1000-960=40), $7680 for 8k wager (8000-7680=320). And after the full wagering, we will lose $320 (D+B and also we need more $120), which gives a very large -EV. Who thinks about this and the casinos began to raise the wager.

This is a better example of calculations on being specific on how bonuses +wagering requirements needed on a certain condition specially when you do get that deposit bonus.Yes, it would really be looking so

appealing since 100% or doubling your deposit do really looks nice and we do have that kind of impression that we would really be having advantage against with the house considering that we do have bigger
capital (NEWBIE MINDSET) on which it is really that totally opposite on what you do have in mind. Sooner or later on the time that you are already on your gambling sessions, then you would really be able to find out that it is really that hard to get that wagering requirement which is most playing on 35-45x or depending on some casinos but the difference isnt that much.

On the time that you would really be able to realize that those multipliers are really that pain in the ass then this is where those common thoughts would kick in.
Even when wagering on 10x is not that simple and you would be finding yourself been busting up along the way.

QueenVera

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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.

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

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.

This is exactly why casinos have this requirement coupled with almost all the bonuses they offer. They set high wagering requirement to be sure you will be at lost before meeting the requirement and being able to withdraw. You can't blame them, though. They run a business and we all know they don't give free money.
The only benifit for users is that bonuses money allow them to play more and extend a bit their gambling seessio.

markk1

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Quote from: Saint-loup on June 16, 2023, 04:57:37 PM

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

Hi all! 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.

The best bonus is not to take the bonus if it has a big wager, because it will be -EV (-Expected value). Any casino game is -EV, if you play by the rules of the casino. I will give an example of why you should not take deposit bonuses with a high wager. The casino gives a 100% bonus on the first deposit and wager x25 (D+B) = x50, we make a deposit of $100 and they give us another $100 = $200 (wager 200*50=10k). The casino has an average RTP of 96% (percent is different everywhere, depends on slots or house games and so on). For every 100 dollars wagered we get back 96 dollars according to the mathematical expectation (100-96=4), 960 dollars for 1k wager (1000-960=40), 9600 dollars for 10k wager (10000-9600=400). And after the full wagering, we will lose 400 dollars, which gives a very large -EV. I do not advise you to take any bonuses more than x10 wager (depending on RTP). These bonuses are rare. Who thinks about this and the casinos began to raise the wager.

I don't understand why you say first we need to wager 50x times the deposit "x25 (D+B) = x50" and then you say we need to wager 50x times the deposit+the bonus "(wager 200*50=10k)" You've made a mistake I think. If the customer deposits $100 he will need to wager 50 x 100 = 5000$ or (100 + 100) x 25 = 200 x 25 = 5000$

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

Nwada001

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Nothing actually comes free. You don't expect anything to come that free, you know, in as much as I still really don't understand your calculation very well, but in a normal sense, it all shows that the casino is trying to give you a harder time trying to use their bonus to win huge.

If the casino wants to make things really easy for bonus players, they will quickly run out of business. Everyone will use their bonus to win big and kick them out of business.

I don't think the bonus is a must, as the user can still use their normal deposited amount to wager as usual and win or lose their game without having to apply the bonus amount to their game.

If we don't like the bonus, we just have to ignore it. Why are we doing that? Because other people are also using it and meeting the casino's requirements on those bonuses, and at the end of the day, they still have some winnings to take back home.

Wiwo

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Quote from: DoublerHunter on June 16, 2023, 04:59:30 PM

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

~snip~

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.

^What we expect from this, the casino is not a charity that gives free money away by giving bonuses, it is expected that there is a high wager always for the bonus that we get. But from what I have seen here different games may have different RTPs, so it is important to consider the specific rules and payout percentages for the games you play.

I agree with you because casinos are businesses and they are profits oriented and at that it is very important to adhere to the strict operational conditions that helped both the gamblers and the casino but most importantly the casino is favoured when it comes to giving out free money in form of bonuses and since the casino doesn't want to give out free money the accompanied their bonuses with high wager requirements.

So also we have to be smart enough to know how to apply ourselves to all the conditions that the casino may put up when we are chasing bonuses.

markk1

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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.

That's why this topic should be on the forum. I have been familiar with the casino for many years, more than 15 years, online and offline. The casinos are very tricky, the money does not smell and they are ready to do anything so that you leave them your money. The deposit bonus is the most important trick for newbies or those who do not want to count EV.

DoublerHunter

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

~snip~

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.

^What we expect from this, the casino is not a charity that gives free money away by giving bonuses, it is expected that there is a high wager always for the bonus that we get. But from what I have seen here different games may have different RTPs, so it is important to consider the specific rules and payout percentages for the games you play not the bonus.
It would be good for anyone to carefully review the terms and conditions associated with the bonus offer. Look for factors such as game restrictions, maximum bet limits, and withdrawal limitations because these details can significantly impact your overall experience and whether the bonus is beneficial for you. Because every casino bonus is unique, and not all bonuses have high wagering requirements. So it is important to shop around, compare different offers, and consider your personal goals and playing style before making a decision.

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

Hi all! 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.

The best bonus is not to take the bonus if it has a big wager, because it will be -EV (-Expected value). Any casino game is -EV, if you play by the rules of the casino. I will give an example of why you should not take deposit bonuses with a high wager. The casino gives a 100% bonus on the first deposit and wager x25 (D+B) = x50, we make a deposit of $100 and they give us another $100 = $200 (wager 200*50=10k). The casino has an average RTP of 96% (percent is different everywhere, depends on slots or house games and so on). For every 100 dollars wagered we get back 96 dollars according to the mathematical expectation (100-96=4), 960 dollars for 1k wager (1000-960=40), 9600 dollars for 10k wager (10000-9600=400). And after the full wagering, we will lose 400 dollars, which gives a very large -EV. I do not advise you to take any bonuses more than x10 wager (depending on RTP). These bonuses are rare. Who thinks about this and the casinos began to raise the wager.

I don't understand why you say first we need to wager 50x times the deposit "x25 (D+B) = x50" and then you say we need to wager 50x times the deposit+the bonus "(wager 200*50=10k)" You've made a mistake I think. If the customer deposits $100 he will need to wager 50 x 100 = 5000$ or (100 + 100) x 25 = 200 x 25 = 5000$

Wiwo

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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.

markk1

member

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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.

The best bonus is not to take the bonus if it has a big wager, because it will be -EV (-Expected value). Any casino game is -EV, if you play by the rules of the casino. I will give an example of why you should not take deposit bonuses with a high wager. The casino gives a 100% bonus on the first deposit and wager x40 (D+B) = 200 x40 = 8k, we make a deposit of $100 and they give us another $100 = $200 (wager 200*40=8k). The casino has an average RTP of 96% (percent is different everywhere, depends on slots or house games and so on). For every $100 wagered we get back $96 according to the mathematical expectation (100-96=4), $960 for 1k wager (1000-960=40), $7680 for 8k wager (8000-7680=320). And after the full wagering, we will lose $320 (D+B and also we need more $120), which gives a very large -EV. Who thinks about this and the casinos began to raise the wager.

Topic: How the casino takes money from you with a deposit bonus - page 6. (Read 814 times)