"The Welcome Bonus Gimmick" - STOP GETTING BLINDLY ROBBED

[Aengus]

Primedice will be lowering its minimum withdrawal due to the feedback from this thread. Thank you all.

[lrdeoliveira]

Aengus can you reply to my PM in regards to helping the CGF

[Nerman]

The whole online casino market is scammy af.

Minimum deposits, minimum withdraws.  The minimum deposits are too high, it's a good thing it stops me from gambling and losing money 

I don't think so if you are playing in provably fair casino and don't take deposit bonuses or other bonuses with high wagering requirement than you can't get scammed.

Also minimum deposits is considerably low in most of the casino and fee they take on withdrawals are actually network fees not commission that will be taken by casino. Most of the fiat casino can banned you without any reasons or can ask for verification when trying to withdraw out. Also all of fiat based casino are monitored by governments or other authorities.

I always try to not take any of such bonuses with hidden and confusing terms and conditions.

Yes there are many online casino that are scam, we can see some post here in the forum advertising their fake online casino but do not generalize all online casino a scam as there are many legit ones that are paying and fair.

It will also great if you carefully read the terms and conditions of what you are signing up for. If you do not like it then do not sign up.

[Seeker#9]

Some dubious online casino copies some effective advertising promo of some real online casinos like the welcome bonus gimmick to attracts many unsuspecting players into their games then later scam them. Terms and conditions should be read carefully before any online casino.

[michkima]

It is still a bonus though, but do you really expect a gambling site to give you free money? Why would anyone give anyone free money right? The bonus are really just that, "bonuses". They are not free money. There are terms and conditions to them to get them. That is why it is also part of the gamble. You are gambling whether you will get the bonus or not, plain and simple. If you don't want the bonus, there is always the option to opt-out anyway.

[TheUltraElite]

Some dubious online casino copies some effective advertising promo of some real online casinos like the welcome bonus gimmick to attracts many unsuspecting players into their games then later scam them.

Lol that is too much of an obvious scam mate. If you do find any site doing so and they have an account here dont forget to mention it in scam accusations to get their account negtagged. But if they are smart enough they wont venture into this forum because most scammers know about this forum and dont want to get more fed-flags to their "obvious" scam

Terms and conditions should be read carefully before any online casino.

Not just any online casino but to all other services as well. But often T&C are so huge and technical that people skim the first few lines and then overlook the rest.

[kryptqnick]

Good article. Welcome bonuses may sound appealing at first, but in most times it's more or less selling a daylight robbery dream.

Keep in mind this article isn't just about the welcome bonus, but reading T&C. A lot of traditional websites have websites which "allow" them to hold your funds due to some unethical terms they tend to add in.

Be cautious people.

I think a good strategy to deal with new casinos is not to deposit any money there until there're confirmations from other members that the money can be withdrawn. As for bonuses, I suppose if a casino is just giving you a welcoming bonus which you can spend on their website (and this one is usually to small to withdraw anyway) then it's fine to use it. And it is quite fair as well that one cannot withdraw it from the website, since it is meant to be used to gambling testing purposes.

[wattson]

Primedice will be lowering its minimum withdrawal due to the feedback from this thread. Thank you all.

This is the power of this forum.

[panjul07]

It is still a bonus though, but do you really expect a gambling site to give you free money? Why would anyone give anyone free money right? The bonus are really just that, "bonuses". They are not free money. There are terms and conditions to them to get them. That is why it is also part of the gamble. You are gambling whether you will get the bonus or not, plain and simple. If you don't want the bonus, there is always the option to opt-out anyway.

Agree it is still a bonus but these kind of bonuses are designed to make player lose all their deposit plus bonus because there are some requirements behind the bonus. I also agree there is no free money on gambling, but this is not the main idea here IMO.
As I can see the main purpose of this thread is to warn people about deposit/welcome bonus which sounds so good but in fact it is not good for players. So yeah, it is better to avoid such bonuses unless players ready with all the terms.

[iluvbitcoins]

It's math

Imagine a 1% House edge dice
x100 rollover

With each rollover you 1% on average (over a million or so bets, let's say), which is a 100% loss on a x100 rollover
You succesfully lost everything  

That's with betting small increments, imagine doing this with Martingale..

There are some good deposit bonuses, such a FJ, where you can use your bonus once you lose your initial deposit, if you win, you can just withdraw the winnings, since the bonus is only used once you spend all your deposited funds

Rollover doesn't count on dice there though  
But since you get it once you lose your whole deposit, it's freebies, literally.

Locking your entire balance instead of just the bonus is well.. often negative EV.

[adaseb]

Most people already know about this deposit bonus and pretty much most of the main sites offer this. Also clearly written in the terms on how it works. Sometimes its common sense. If it was like getting 5% bonus then one can assume its without strings attached but getting these 50-100% deposit bonuses its common sense some type of conditions will be required.

My issue is more with the sites that all of a sudden ask for KYC/AML right after someone hits the jackpot. Those are not fair in my opionion and those casinos are clearly scammy.

[Hillthy]

Primedice will be lowering its minimum withdrawal due to the feedback from this thread. Thank you all.

This is the power of this forum.

All information related to crypto is updated here, it's the best thing about it.

[iluvbitcoins]

Primedice will be lowering its minimum withdrawal due to the feedback from this thread. Thank you all.

This is the power of this forum.

All information related to crypto is updated here, it's the best thing about it.

Isn't PrimeDice the main factor in the Crypto Gambling Foundation 
+ they don't have a deposit bonus 

[jimmy55]

I have only won at casinos when I don't take a bonus. The terms are always bad and have a huge rollover like 10x or something that makes it basically impossible to win.

[DARKANGEL6415]

I personally can't sit here in good consciousness and say welcome bonuses are scams. I personally use bonuses often not only for online crypto casinos but for normal betting sites as well. Now i always read the terms and conditions of any bonus offer before i accepted. Now if any site makes it mandatory where you have to accept bonus then i simply go to a different website until that bonus is over. I personally suggest never take a bonus that requires anything over a 40x  play requirements.

[oracleongoodbye]

I personally can't sit here in good consciousness and say welcome bonuses are scams. I personally use bonuses often not only for online crypto casinos but for normal betting sites as well. Now i always read the terms and conditions of any bonus offer before i accepted. Now if any site makes it mandatory where you have to accept bonus then i simply go to a different website until that bonus is over. I personally suggest never take a bonus that requires anything over a 40x  play requirements.

Sad thing is most people aren't aware of these T&C's. The roll over should be in BOLD BIG writing when you accept, like any ethical service.

[sparveenat]

Unless until we not stop all the welcome bonus gimmick network wont stop getting blindly robbed. This the only Unique  selling point all gambling sites and it the formula / tactics so its not fault of the gambling site its fault / mistake of gambler only and it is logical what I told is Which I believe with full of confidence. Better all gamblers should stop entering / playing on those sites is the only solution.

[Pursuer]

...
a casino can not just give money away. and the deposit bonus is exactly that. they are giving money away and when you do that, there will be a lot of people who will rush to abuse this free giveaway and bankrupt the casino. so you need to set some rules to prevent people just making a deposit, playing a game or two and going away with their money and reward for good as much as you can.

Yes, or without playing any game. Bonuses have wagering requirements so when you free x amount of bonus it's because you have paid y amount of commissions, being y usually x multiplied n times. The thing is, when you don't have a bonus, you just pay commissions and don't get anything back.

that is somewhat my point though.
we are talking about a Casino. and that is a business made to make money not to give money to the users. people go to gambling sites, the casinos, ... to "spend" money even if they think they go there to earn money. and in the end even if you win the jackpot you have been losing a lot of times which will negate that one win in total. either due to commissions or sheer total of losses.
that is why they make you make more and more bets because they always have the 'edge"...

[Mike Mayor]

The welcome balance is like a gamblers fallacy trick. You see it really does increase your winnings amount vastly. The problem is it reduced your chances if winning by much more so in the be you rduce your chances if profiting. If 10000 gamble with the welcome balance and the same amount without it I bet all my Bitcoin the ones that didn't use the welcome bonus will leave with more then those who did.

[BTCevo]

...
a casino can not just give money away. and the deposit bonus is exactly that. they are giving money away and when you do that, there will be a lot of people who will rush to abuse this free giveaway and bankrupt the casino. so you need to set some rules to prevent people just making a deposit, playing a game or two and going away with their money and reward for good as much as you can.

Yes, or without playing any game. Bonuses have wagering requirements so when you free x amount of bonus it's because you have paid y amount of commissions, being y usually x multiplied n times. The thing is, when you don't have a bonus, you just pay commissions and don't get anything back.

that is somewhat my point though.
we are talking about a Casino. and that is a business made to make money not to give money to the users. people go to gambling sites, the casinos, ... to "spend" money even if they think they go there to earn money. and in the end even if you win the jackpot you have been losing a lot of times which will negate that one win in total. either due to commissions or sheer total of losses.
that is why they make you make more and more bets because they always have the 'edge"...

Yes, may be you lose a lot from those bets before you hit the jackpot but people tend to hit jackpot and win big money instead of slowly get the profit. I do not know how are they thinking but this is the true thing. Jackpot sure is really huge but they wont let you hit until you spend more money, unless you are very lucky to hit the jackpot within no time. But this kind of players never show up a lot on casino, this is what I believe