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View Full Version : What am I missing (casino bonus question)


Jim Morgan
11-09-2005, 09:19 PM
On the Aztec Riches casino, they are offering a 100% match up to $100. They put the bonus in a separate account. That account has a $6000 playthrough requirement. After that, you can withdraw any winnings (but not the $100 bonus itself),

At no time do I see any wagering requirements in REAL money.

I have built my bonus account up to $200, so I expect to cash out a $100 with no risk

Have I missed something in the fine print. This offer seems as if it specifically tries to get you to take a no risk shot at making money.

How can the casino possibly make a dime this way?

Anyone out there done this one to completion?

Jim

11-09-2005, 09:28 PM
Read the T&C:
"Wagering on Bonus
Your Play on most Games require a minimum wagered amount of 20 times the bonus received. The only exceptions are:

1. Your Play on Craps, Baccarat and Vegas Strip Blackjack is not counted towards the Minimum Level of Play requirement.
2. If you play any of the Blackjack (except Vegas Strip Blackjack), Roulette, and all Poker games you are required to play 60 times the bonus amount credited to your Bonus Account."

So if you're playing blackjack or video poker, you have to wager $6,000 before cashing any winnings out. I'm about 99.99% sure that you cannot cash out anything before wagering $6,000. As for your question on "REAL money":

"Minimum Level of Play
Any Players who registers a real account is deemed to have accepted the Bonus terms and conditions by the Casino. A Player is required to complete the following wagering requirements on both the deposit and the bonus awarded before a Cash In is allowed from their Real Account."

This refers to the first piece that I pasted.

Hope that helps.


- thing85 /images/graemlins/diamond.gif

rusty JEDI
11-09-2005, 10:31 PM
In the future you really must be 100% sure about WR before you deposit.

I did this one a while ago so it may have changed. Do not take what i say as the way it is, but it might be so find out.

It was a sticky 2. This has some <u>MAJOR</u> EV considerations.
Basically once you make the WR in the bonus account you can cash out a minimimum of $50 over the bonus into your real account. So if you have $200 now then cash out $100 to your real account. Now in the bonus account do whatever you can to get it up to $150 again, then cash out $50. Rinse and Repeat until you finally bust the bonus money.

I dont have the time to see if its still a sticky 2 or not. It is very likely it is now a sticky 1. If it is then avoid what ive told you above.


In regards to WR in your real account

[ QUOTE ]

Wagering on Deposit
Your Play on most Games require a minimum wagered amount of 20 times your initial deposit. The only exceptions are:

Your Play on Craps, Baccarat and Vegas Strip Blackjack is not counted towards the Minimum Level of Play requirement.
If you play any of the Blackjack (except Vegas Strip Blackjack), Roulette, and all Poker games you are required to play 60 times the deposit amount in your Real Account.

[/ QUOTE ]


So to answer your question you must also wager 20x your deposit (4000) or (12000) if you play some of the more restrictive games. Now you must take your real account and meet the WR in there too before cashing out.

rJ

Jim Morgan
11-10-2005, 08:41 AM
Thanks. I missed that part of the T&amp;C. On the other hand, I knew there had to be some kind of catch.

Their T&amp;C do say that once I take any money out of the bonus account, I will lose their $100, so I believe it is a sticky type 1.

All in all, this bonus kinda sucks. The 6000 WR will cost me somewhere between 20 and 30 dollars on my deposit.

If we set a target at 400 (win 300) on the bonus, we have a ROR of 0.75. Assuming we do this with large bets, our EV is going to be 300/4 = 75 But, we still have the 6K WR on the bonus, which will give up aonther 20-30 dollars to the house.

So now it looks like this promotion is not even very good to start. Using a target of 400 only give an EV of 75 minus the HA on 12K of BJ.

Not good.

Jim

11-10-2005, 09:22 AM
It would've worked out much better if you set your target higher. I always aim for at least $500-600, depending on the conditions of the bonus.

11-10-2005, 06:59 PM
The bonus account is now a sticky 1. They remove the extra bonus after you cash out the first time. Not very high EV here. There is autoplay, though, so it won't take much of your time.