Whats My Play?

DarkForceRising · #1 10-19-2005, 02:47 PM

Signed up for a 100%/$100 bonus at Lucky Emperor. I deposited $200 not realizing that this would increase my wagering reqirement. To make matters worse it turns out that the Blackjack bonus is achived at 30x deposit and bonus- not the 15% I thought it was (read those T&C's, noobs).

Anyway, after about $2000 wagered I am up $66. Should I take the money and run?

DarkForceRising · #2 10-19-2005, 03:31 PM

I'm confused. The CSR told me 30x but the T&C says 60x. Screw it. I'm cashing out.

CLC · #3 10-19-2005, 03:44 PM

I think you still have a lot of wagering to do. 300 x 30 = 9000. If the WR are 60x then you need 18,000. It appears that you are stuck if you have completed 2,000 so far. don't get mad and do anything you will regret later. Hang in there GRIND it out.

Freakin · #4 10-19-2005, 04:05 PM

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I'm confused. The CSR told me 30x but the T&C says 60x. Screw it. I'm cashing out.

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They won't let you cash out before meeting the WR. It's possible they'll let you remove your bonus+winnings and cash out, but it would be a favor from them if they did.

Why'd you deposit 200?

DarkForceRising · #5 10-19-2005, 05:58 PM

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I'm confused. The CSR told me 30x but the T&C says 60x. Screw it. I'm cashing out.

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They won't let you cash out before meeting the WR. It's possible they'll let you remove your bonus+winnings and cash out, but it would be a favor from them if they did.

Why'd you deposit 200?

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I deposited $200 just as a buffer against variance. Why can't I cash out my winnings+deposit?

DarkForceRising · #6 10-19-2005, 06:14 PM

I just called customer service. No problem cashing out deposit and winnings. Once again to those who happen to read this- avoid noobishness and learn from my mistake. Read those tems and conditions. This is the second time I screwed myself by over-depositing which resulted in having to hit a larger wagering requirement. [img]/images/graemlins/mad.gif[/img]

I think the reason I was able to cashout was that I had not bothered to transfer the pending bonus chips into my stack. I guess depositing too much might have saved me.

Pyromaniac · #7 10-19-2005, 08:50 PM

Although busting out sucks, wouldn't you do better to bust than to put extra $$$ as a buffer? Start fresh at another casino with a new bonus?

DarkForceRising · #8 10-19-2005, 10:43 PM

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Although busting out sucks, wouldn't you do better to bust than to put extra $$$ as a buffer? Start fresh at another casino with a new bonus?

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Yeah, I see what your saying. When I initially did this I had no clue it was going to make my betting requirement higher. Still, if I am running bad, but close to clearing the bonus, can I re-deposit without increasing my wagering requirement? I'm talking regular bonus here- not stickies.

tomdemaine · #9 10-20-2005, 01:10 AM

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I just called customer service. No problem cashing out deposit and winnings.

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That's crazy. Why not just deposit bet the full bonus amount once and then cash out win or lose. Sounds lke free money to me, has the money hit your neteller yet?

DarkForceRising · #10 10-20-2005, 02:08 AM

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I just called customer service. No problem cashing out deposit and winnings.

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That's crazy. Why not just deposit bet the full bonus amount once and then cash out win or lose. Sounds lke free money to me, has the money hit your neteller yet?

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Maybe I missed something. If so, let me know. In the meantime, here is a recap.

Lucky Emperor offers a 100%/$100 sign up bonus. OBG said it was a 15x bonus. I deposited $200 as a "psychological" variance buffer (hey- I like being over rolled) not realizing that this would increase my wagering requirement. Not only did it increase the WR but, to add insult to injury, it turns out the WR is 30x deposit+bonus. After 1100 or so hands on auto-play I decide to get off my ass and find out what exactly the terms and conditions are. It turns out that to clear the bonus I must hit $9000 wagered- an expected value of roughly $55. I am already up $66 and I have not transfered the bonus chips into my deposit money that I have been playing with (leaving me free to cashout deposit and winnings).

So, I can cash out a guaranteed $66 or take a chance on clearing the bonus with an overall EV of approximately $55. I am open to correction but I think I made the right play given my initial errors.