gamerfreak
gamerfreak
Joined: Dec 28, 2014
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May 3rd, 2017 at 9:38:13 PM permalink
It seems like online casino deposit bonuses are purposefully confusing/misleading. I gave up trying to figure out Bovada's system after reading all of their literature, running a couple hundred through some games trying to make sense of it, and ultimately coming out more confused.

Even for the simpler systems I feel like there is something I must be missing.....

Example: Online Casino X offers 50% bonus play that is unlocked after your buy-in/bonus is wagered 30 times (for table games/VP). So a $100 deposit would net a $150 bankroll that can be cashed out after $4,500 coin-in. Say I'm playing BJ or 9/6 JOB poorly at a 99% return. Wouldn't that put the EV for a $100 deposit at $105+comps?

Sorry if I am not understanding something obvious, but a quick explanation of the popular bonus systems would be very helpful.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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May 4th, 2017 at 12:22:57 AM permalink
Quote: gamerfreak

It seems like online casino deposit bonuses are purposefully confusing/misleading. I gave up trying to figure out Bovada's system after reading all of their literature, running a couple hundred through some games trying to make sense of it, and ultimately coming out more confused.

Even for the simpler systems I feel like there is something I must be missing.....

Example: Online Casino X offers 50% bonus play that is unlocked after your buy-in/bonus is wagered 30 times (for table games/VP). So a $100 deposit would net a $150 bankroll that can be cashed out after $4,500 coin-in. Say I'm playing BJ or 9/6 JOB poorly at a 99% return. Wouldn't that put the EV for a $100 deposit at $105+comps?

Sorry if I am not understanding something obvious, but a quick explanation of the popular bonus systems would be very helpful.

Sounds good, but don't forget to add in any processing fees.

BV was a good place to play until they added in makeup on the wagering requirements even if you lost.
Last edited by: AxelWolf on May 4, 2017
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
GWAE
GWAE
Joined: Sep 20, 2013
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May 4th, 2017 at 6:49:52 AM permalink
Quote: gamerfreak

It seems like online casino deposit bonuses are purposefully confusing/misleading. I gave up trying to figure out Bovada's system after reading all of their literature, running a couple hundred through some games trying to make sense of it, and ultimately coming out more confused.

Even for the simpler systems I feel like there is something I must be missing.....

Example: Online Casino X offers 50% bonus play that is unlocked after your buy-in/bonus is wagered 30 times (for table games/VP). So a $100 deposit would net a $150 bankroll that can be cashed out after $4,500 coin-in. Say I'm playing BJ or 9/6 JOB poorly at a 99% return. Wouldn't that put the EV for a $100 deposit at $105+comps?

Sorry if I am not understanding something obvious, but a quick explanation of the popular bonus systems would be very helpful.



A few problems with some bonuses.
1. Getting paid is sometimes nearly impossible
2. Some bonuses are not cashable. I had a casino years ago where I put in 200 for a 200 bonus on slots only. I hit a mini jackpot of $800 or so. I tried cashing out and forfeiting the bonus. They would not allow me to and I ended up losing almost all of it getting to the min wagering.
3. Variance can kill your bankroll and your bonus. If you put in 100 pfor 50 bonus. There is a decent chance that you bust before getting the bonus.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
vegas
vegas
Joined: Apr 27, 2012
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May 4th, 2017 at 9:34:17 AM permalink
Many casinos don't allow VP or table games on deposit bonuses. Those that do allow increase the play through needed before you can cash out. If you can find an honest casino that allows vp or table games at 30 times wagering you should jump at the offer.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
vegas
vegas
Joined: Apr 27, 2012
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May 4th, 2017 at 2:59:34 PM permalink
The 30% play through is on both the deposit and bonus so it would be 9000 play through not 4500
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
gamerfreak
gamerfreak
Joined: Dec 28, 2014
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May 4th, 2017 at 3:34:37 PM permalink
Quote: vegas

The 30% play through is on both the deposit and bonus so it would be 9000 play through not 4500


I took that into account, and also adjusted the numbers for how the casino credits VP and BJ play.

30 x $150 = $4500

I used different (but equivalent) numbers from the actual offer that I PM'd you so it would be easier to explain.
gamerfreak
gamerfreak
Joined: Dec 28, 2014
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May 4th, 2017 at 3:36:43 PM permalink
Quote: GWAE

3. Variance can kill your bankroll and your bonus. If you put in 100 pfor 50 bonus. There is a decent chance that you bust before getting the bonus.


Right, I understand the ROR doing this offer with only $100 is very high. I just picked and easy number to explain the math.

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