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Author Topic: "UP TO X BTC" bonus policy  (Read 189 times)
ihimas
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January 16, 2017, 07:07:07 PM
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Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
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January 16, 2017, 08:06:24 PM
 #2

Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
Even if the gambling site has a 100% welcome bonus there would be a limit in allocating the bonus as they have to accommodate everyone and these bonuses are meant to promote the site and are eligible for one time bonus per user and since most bitcoin gambling sites does not verify users the possibility to create multiple accounts to claim the bonus are pretty high which is against the terms and conditions to every site,if you look at major fiat online gambling sites too they do have an max limit to claim the bonus ,so if you like the site be happy with what they offer rather than cry about the bonus limit.














 

 

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ihimas
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January 16, 2017, 08:19:23 PM
 #3

Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
Even if the gambling site has a 100% welcome bonus there would be a limit in allocating the bonus as they have to accommodate everyone and these bonuses are meant to promote the site and are eligible for one time bonus per user and since most bitcoin gambling sites does not verify users the possibility to create multiple accounts to claim the bonus are pretty high which is against the terms and conditions to every site,if you look at major fiat online gambling sites too they do have an max limit to claim the bonus ,so if you like the site be happy with what they offer rather than cry about the bonus limit.

All these sites have wagering requirements. Even if someone creates multiple accounts, makes a deposit and gets a bonus, she still needs to complete a requirement before she can withdraw any funds. So a casino *does not present* this bonus money, it gets a deposit and should give bonuses for it. So I still don't understand, why they all put this "max limit".
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January 16, 2017, 08:19:28 PM
 #4

Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
Even if the gambling site has a 100% welcome bonus there would be a limit in allocating the bonus as they have to accommodate everyone and these bonuses are meant to promote the site and are eligible for one time bonus per user and since most bitcoin gambling sites does not verify users the possibility to create multiple accounts to claim the bonus are pretty high which is against the terms and conditions to every site,if you look at major fiat online gambling sites too they do have an max limit to claim the bonus ,so if you like the site be happy with what they offer rather than cry about the bonus limit.

This is some kind of safety net, aside from being exploited, the site wanted to make sure that they can give the bonuses to all their customer.  Removing the cap may exhaust them of their BTC if some Big whales deposits around hundred of thousand of BTC that the owner cannot match with 100% deposit bonus.



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ihimas
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January 16, 2017, 08:46:16 PM
 #5

Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
Even if the gambling site has a 100% welcome bonus there would be a limit in allocating the bonus as they have to accommodate everyone and these bonuses are meant to promote the site and are eligible for one time bonus per user and since most bitcoin gambling sites does not verify users the possibility to create multiple accounts to claim the bonus are pretty high which is against the terms and conditions to every site,if you look at major fiat online gambling sites too they do have an max limit to claim the bonus ,so if you like the site be happy with what they offer rather than cry about the bonus limit.

This is some kind of safety net, aside from being exploited, the site wanted to make sure that they can give the bonuses to all their customer.  Removing the cap may exhaust them of their BTC if some Big whales deposits around hundred of thousand of BTC that the owner cannot match with 100% deposit bonus.

But all these sites have wagering requirements. So even if someone deposits such an amount, then she'll still need to make enough bets to complete a requirement. Only then she'll be able to withdraw.
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January 16, 2017, 09:23:54 PM
 #6

Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
Even if the gambling site has a 100% welcome bonus there would be a limit in allocating the bonus as they have to accommodate everyone and these bonuses are meant to promote the site and are eligible for one time bonus per user and since most bitcoin gambling sites does not verify users the possibility to create multiple accounts to claim the bonus are pretty high which is against the terms and conditions to every site,if you look at major fiat online gambling sites too they do have an max limit to claim the bonus ,so if you like the site be happy with what they offer rather than cry about the bonus limit.

This is some kind of safety net, aside from being exploited, the site wanted to make sure that they can give the bonuses to all their customer.  Removing the cap may exhaust them of their BTC if some Big whales deposits around hundred of thousand of BTC that the owner cannot match with 100% deposit bonus.

But all these sites have wagering requirements. So even if someone deposits such an amount, then she'll still need to make enough bets to complete a requirement. Only then she'll be able to withdraw.

If you  analyze it, the Casino Site always assume that player won and meet all the requirements to be able to withdraw the funds with the bonuses, if they do not set a limit amount for bonuses, they might end up empty handed and might cause problem to other players that the site do not want to experience.  So to avoid such scenario, they need to put a limit to the amount they can give bonus.

Example : some whales deposited 100k BTC to have a 100% none limit bonus.  The player then get 100k BTC as bonus.
The player wagered the bonus and win 2x (200% of the deposit wagered enough for the requirement to withdraw), So the player now have 398k BTC.  The player then wanted to withdraw, what do you think will happen to the Casino?  <<  This is what the Casino do not want to happen.

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ihimas
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January 16, 2017, 10:59:51 PM
 #7

Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
Even if the gambling site has a 100% welcome bonus there would be a limit in allocating the bonus as they have to accommodate everyone and these bonuses are meant to promote the site and are eligible for one time bonus per user and since most bitcoin gambling sites does not verify users the possibility to create multiple accounts to claim the bonus are pretty high which is against the terms and conditions to every site,if you look at major fiat online gambling sites too they do have an max limit to claim the bonus ,so if you like the site be happy with what they offer rather than cry about the bonus limit.

This is some kind of safety net, aside from being exploited, the site wanted to make sure that they can give the bonuses to all their customer.  Removing the cap may exhaust them of their BTC if some Big whales deposits around hundred of thousand of BTC that the owner cannot match with 100% deposit bonus.

But all these sites have wagering requirements. So even if someone deposits such an amount, then she'll still need to make enough bets to complete a requirement. Only then she'll be able to withdraw.

If you  analyze it, the Casino Site always assume that player won and meet all the requirements to be able to withdraw the funds with the bonuses, if they do not set a limit amount for bonuses, they might end up empty handed and might cause problem to other players that the site do not want to experience.  So to avoid such scenario, they need to put a limit to the amount they can give bonus.

Example : some whales deposited 100k BTC to have a 100% none limit bonus.  The player then get 100k BTC as bonus.
The player wagered the bonus and win 2x (200% of the deposit wagered enough for the requirement to withdraw), So the player now have 398k BTC.  The player then wanted to withdraw, what do you think will happen to the Casino?  <<  This is what the Casino do not want to happen.

A "whale" makes a deposit say 100k BTC and receives "max bonus amount" of 5 BTC, ok. But then she wins 4x and wants to withdraw 400k BTC. So this "up to 5 BTC bonus" changes absolutely nothing.
 
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January 17, 2017, 10:07:06 AM
 #8

Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
Even if the gambling site has a 100% welcome bonus there would be a limit in allocating the bonus as they have to accommodate everyone and these bonuses are meant to promote the site and are eligible for one time bonus per user and since most bitcoin gambling sites does not verify users the possibility to create multiple accounts to claim the bonus are pretty high which is against the terms and conditions to every site,if you look at major fiat online gambling sites too they do have an max limit to claim the bonus ,so if you like the site be happy with what they offer rather than cry about the bonus limit.

This is some kind of safety net, aside from being exploited, the site wanted to make sure that they can give the bonuses to all their customer.  Removing the cap may exhaust them of their BTC if some Big whales deposits around hundred of thousand of BTC that the owner cannot match with 100% deposit bonus.

But all these sites have wagering requirements. So even if someone deposits such an amount, then she'll still need to make enough bets to complete a requirement. Only then she'll be able to withdraw.
Yeah, they have wagering requirements but it only takes one spin to get a huge win from slots then unlock the bonus with it. Deposit bonus have a limit because having no limit could destroy the casino's bankroll imo.

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Caladonian
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January 17, 2017, 11:00:36 AM
 #9

Could someone explain to me: why do all bitcoin online casinos have exactly the same bonus policy "welcome bonus, up to 5 BTC" for example  Huh ? What for is this "up to" clause Huh ?  If I want to deposit more than 10 BTC, why can't I just get say a 100% welcome bonus on this deposit amount?
Even if the gambling site has a 100% welcome bonus there would be a limit in allocating the bonus as they have to accommodate everyone and these bonuses are meant to promote the site and are eligible for one time bonus per user and since most bitcoin gambling sites does not verify users the possibility to create multiple accounts to claim the bonus are pretty high which is against the terms and conditions to every site,if you look at major fiat online gambling sites too they do have an max limit to claim the bonus ,so if you like the site be happy with what they offer rather than cry about the bonus limit.

This is some kind of safety net, aside from being exploited, the site wanted to make sure that they can give the bonuses to all their customer.  Removing the cap may exhaust them of their BTC if some Big whales deposits around hundred of thousand of BTC that the owner cannot match with 100% deposit bonus.

But all these sites have wagering requirements. So even if someone deposits such an amount, then she'll still need to make enough bets to complete a requirement. Only then she'll be able to withdraw.
Yeah, they have wagering requirements but it only takes one spin to get a huge win from slots then unlock the bonus with it. Deposit bonus have a limit because having no limit could destroy the casino's bankroll imo.
Thats right theres no business that will open or a casino that will open to give a charity for the gamblers they are limiting it to make sure that they still have enough funds for every players and for OP its just another scheme by the house to attract more players to try playing to thier house and try to achieve the wagering in order to gain that welcome bonus rewards.

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