In Real World Gambling you get comps if you bet heavy enough...rooms meals shows etc. Because the casinos on the net can't provide those things they pass out bonus money based on the amount of money you deposit. You can easily find 100% matches to a deposit you might make. Be very careful of these bonuses. They can be quite tricky and have more ground rules associated with than the federal income tax rules.
In the responseable establishments the bonuses works like this.... Bonuses are recorded in a separate box on the web site (separate from your real deposit). As you bet the bonus money is used up first. If you win it goes into your real money account and if you lose it of course disappears. Each casino has their own version of how much money you have to play through to get it transferred to your real money account. I have seen some as high as 60x the deposit.
Does anyone have any experience with the NFL-betting bonus at BetUs? It goes something like this: bet >$100 on any favorite on the spread and if they cover you get a $25 chip bonus for each touchdown they score. While I like to pick underdogs and have done well this year picking them (google my handle for details) this seems like a great incentive for picking he favorite. Say the Colts are playing the Browns and are -14, take the Colts and if they cover you get $90 + at least $50 for those two TDs, maybe more. If you took the Patriots over the Titans you would have made almost an extra $200 in just the 2nd quarter!
There is *alsways* a catch, and in this case it seems to be a 20xs playthru in the casino. But still, lets take BJ and assume a ultra-high 3% house advantage for round numbers. We'll assume you win $100 in bonus to play off at 20x to cash. That's $2,000 in play, losing 3% would be $60. So you would have $40, more than offsetting the vig.
Is my math right? Does anyone know anything about the bonus that I have wrong?Tolerance is the virtue of believing in nothing