maydna
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July 26, 2020, 01:16:17 AM |
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~snip~ If 1000$ is a lot to an online Bitcoin casino, I would have serious reservations about using them as a platform because I question what the house's bankroll is. Seriously, a 5 USD welcome bonus is about the least you could do to get your new casino off the ground. The rollovers are insane at most other places which make them worthless. Depositing bonuses are the biggest con I've ever seen. They force you to lose your balance before having a shot at making any positive return. Depending on that $1k, the bitcoin casino revenue will be bigger than that, so that still a small amount for them. From that 200 members, if the casino has 50 players who play three games, and each of them spends more than $50-$100, many of them lose that amount, which will be big money for the casino. A $5 welcome bonus is something that we can use to try their casino, whether we lose or win, that still gives us a chance to play with the free coin. We can prevent the loss of our balance by always limiting the money we used, so we don't lose all of the money in a short time.
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bct_ail
Legendary
Offline
Activity: 2660
Merit: 2229
https://t1p.de/6ghrf
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July 26, 2020, 09:14:47 PM |
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The casino is always looking for ways to get a profit, if this factor is not there, something suspicious is in front of you.
We always have to worry about this and make sure that we are not cheated. Unfortunately, FOMO happens everywhere, not only when trading.
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FontSeli
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 26, 2020, 10:04:04 PM |
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A cashback program is definitely attractive for those that have played for a long time on a casino or for those gamblers that know that they have the funds to do so, but for the rest of the gamblers that are the majority this is not an attractive offer, maybe a casino could offer something like free spins to those users as in my opinion it is a better option than welcome bonuses that you need to bet time and time again before you have a chance to make a withdrawal.
Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully.
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Celebrate Julian's freedom!
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StephenJH
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July 26, 2020, 10:11:10 PM Last edit: July 30, 2020, 07:30:31 PM by StephenJH |
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A cashback program is definitely attractive for those that have played for a long time on a casino or for those gamblers that know that they have the funds to do so, but for the rest of the gamblers that are the majority this is not an attractive offer, maybe a casino could offer something like free spins to those users as in my opinion it is a better option than welcome bonuses that you need to bet time and time again before you have a chance to make a withdrawal.
Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully. Cashback amounts are not added as the real money to the account, these free money can be used in some pre-determined game types. Usually, the free slot chips are equal to the cashback amount but from my experience, this amount is tied to a loss in general. Cashback is not my cup of team if the theme is about covering the loss. The next deposit bonus is unbeatable if the player has a good edge in the mentioend casino games. The casino is always looking for ways to get a profit, if this factor is not there, something suspicious is in front of you.
We always have to worry about this and make sure that we are not cheated. Unfortunately, FOMO happens everywhere, not only when trading. FOMO? Can you please explain a bit more? The casino has the house edge, they don't need FOMO, AFAIK. Maybe you mislead the ROI in trading/investing with gain/loss ratio in gambling/betting.
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Debonaire217
Sr. Member
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Offline
Activity: 644
Merit: 364
In Code We Trust
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July 27, 2020, 05:06:20 AM |
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Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully.
It depends, on what percentage will be the cashback return. If the cashback returns a promising percentage that will be of course, a good welcome offer, but for me, it is not a welcome offer anymore, it is a feature of the platform already, a promo, or something more appropriately called, promotion or loyalty program for their gamblers/players which I find good, to make sure that gamblers will stick to the platform for a long time. Going back, a good welcome offer for me would be, some tips and instruction to lessen losses and increase win rate, if not, maybe a tips for gambling discipline would do.
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iv4n
Legendary
Online
Activity: 3262
Merit: 1180
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July 27, 2020, 05:40:02 AM |
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Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully.
It depends, on what percentage will be the cashback return. If the cashback returns a promising percentage that will be of course, a good welcome offer, but for me, it is not a welcome offer anymore, it is a feature of the platform already, a promo, or something more appropriately called, promotion or loyalty program for their gamblers/players which I find good, to make sure that gamblers will stick to the platform for a long time. Going back, a good welcome offer for me would be, some tips and instruction to lessen losses and increase win rate, if not, maybe a tips for gambling discipline would do. Cashback is nice feature, and I think it's more appropriate name for that, than promotion. Cashback is higher as you wager more money. For example wolf.bet, you need to wager $10k to open that feature. In some other casinos you have levels, the more you wager you unlock higher levels and you have higher cashback, and beside cashback you can have some other benefits, all that depends on casino. And it's good when casino have more features, it makes gambling experience better and more interesting.
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bct_ail
Legendary
Offline
Activity: 2660
Merit: 2229
https://t1p.de/6ghrf
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July 27, 2020, 09:28:50 AM |
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FOMO? Can you please explain a bit more? The casino has the house edge, they don't need FOMO, AFAIK.
FOMO from the User. For example: A new casino offers a welcome bonus like "Deposit 1 BTC and get 2 BTC back" (the classic one). If a casino have a offer like this, I can tell you 100% that there will be user who gets FOMO and will fall for it.
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imstillthebest
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July 27, 2020, 10:14:37 AM |
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FOMO? Can you please explain a bit more? The casino has the house edge, they don't need FOMO, AFAIK.
FOMO from the User. For example: A new casino offers a welcome bonus like "Deposit 1 BTC and get 2 BTC back" (the classic one). If a casino have a offer like this, I can tell you 100% that there will be user who gets FOMO and will fall for it. its not true that you get a double amount compare to your depo money right ? what i usually see is you only get some cash lower that your depo when you accomplish thier wagger requirement . this is hard for others to complete and i dont fomo for this kind of offer . id be more fomo if they offer registration bonus without depo required , i think i joined a site where they have it but nowadays sites like this good dont really exist now .
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bct_ail
Legendary
Offline
Activity: 2660
Merit: 2229
https://t1p.de/6ghrf
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 27, 2020, 07:28:37 PM |
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FOMO? Can you please explain a bit more? The casino has the house edge, they don't need FOMO, AFAIK.
FOMO from the User. For example: A new casino offers a welcome bonus like "Deposit 1 BTC and get 2 BTC back" (the classic one). If a casino have a offer like this, I can tell you 100% that there will be user who gets FOMO and will fall for it. its not true that you get a double amount compare to your depo money right ? Of course not. It is just an example. Based on the Twitter story about two weeks ago. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But when a casino will come with such an offer you will be sure, that user smashing the priciples over board. Of course it will not be a full Bitcoin. Let it be only 10 mBTC or similar.
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BuNga_cute
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July 27, 2020, 08:24:11 PM |
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I am very interested in free money, but I must admit that gambling sites are not charity institutions. So there must be benefits obtained by the gambling sites from giving a welcome bonus. So wagering requirements should apply to win win solutions, The $ 25 welcome bonus amount is quite interesting to me.
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FontSeli
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2020, 09:30:41 AM |
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A cashback program is definitely attractive for those that have played for a long time on a casino or for those gamblers that know that they have the funds to do so, but for the rest of the gamblers that are the majority this is not an attractive offer, maybe a casino could offer something like free spins to those users as in my opinion it is a better option than welcome bonuses that you need to bet time and time again before you have a chance to make a withdrawal.
Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully. Cashback amounts are not added as the real money to the account, these free money can be used in some pre-determined game types. Usually, the free slot chips are equal to the cashback amount but from my experience, this amount is tied to a loss in general. Cashback can be arranged in different ways. Here the main thing is that in General there is such an opportunity to play, spend money and then get some of it back. It depends, on what percentage will be the cashback return. If the cashback returns a promising percentage that will be of course, a good welcome offer, but for me, it is not a welcome offer anymore, it is a feature of the platform already, a promo, or something more appropriately called, promotion or loyalty program for their gamblers/players which I find good, to make sure that gamblers will stick to the platform for a long time.
For me, cashback is better because it works constantly while you play and spend money. Welcome bonus is given only at the beginning and no matter how much you play you will not be given it again.
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Celebrate Julian's freedom!
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boyptc
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2020, 10:34:47 AM |
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I am very interested in free money, but I must admit that gambling sites are not charity institutions. So there must be benefits obtained by the gambling sites from giving a welcome bonus. So wagering requirements should apply to win win solutions, The $ 25 welcome bonus amount is quite interesting to me.
Some? all of them are not charity. They are there to make money from their gamblers and at the same time, give a portion of what gamblers deserve, to give wins and enjoyment. If $25 welcome bonus interests you, see to it that you are reading the qualifications and requirements.
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South Park
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July 29, 2020, 05:31:29 PM |
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First of all, I will make sure the site is old and legit.
$50 welcome bonus is good for me. But there are some that gives 100% bonus of up to 1 btc. That is good enough as well, I can deposit 0.002 btc to receive 0.004 btc.
I wish if the bonus is given without any wagering requirement or any other conditions. I know this can be misused but i will still prefer gambling sites give us some free money initially to play at the sites. Some sites allows you to test the games with play money, obviously you cannot get money out of this but you can test the games for free, on the other hand even if we do not like the restrictions imposed by the casinos when it comes to their bonuses we must simply accept them as they are a business and they need those restrictions to remain profitable. A cashback program is definitely attractive for those that have played for a long time on a casino or for those gamblers that know that they have the funds to do so, but for the rest of the gamblers that are the majority this is not an attractive offer, maybe a casino could offer something like free spins to those users as in my opinion it is a better option than welcome bonuses that you need to bet time and time again before you have a chance to make a withdrawal.
Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully. Well, you have answered your own question, cashback is not really that useful for me because I am not a whale and I do not gamble with a lot of money so whatever I get as a cashback is not really significant for me, but I can understand why some gamblers may find it as the most desirable offer they can get.
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bitbunnny
Legendary
Offline
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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July 29, 2020, 08:26:23 PM |
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First of all, I will make sure the site is old and legit.
$50 welcome bonus is good for me. But there are some that gives 100% bonus of up to 1 btc. That is good enough as well, I can deposit 0.002 btc to receive 0.004 btc.
I wish if the bonus is given without any wagering requirement or any other conditions. I know this can be misused but i will still prefer gambling sites give us some free money initially to play at the sites. If you need free money to play at sites, you can make use of the faucets which are available within the sites. If gambling sites start giving money only on signups and no wagering requirement, then people will make the accounts and withdraw the bonus money without even playing at the sites. This is the main reason why no gambling site take this risk. Yes, but gambling site can make certain conditions for bonuses, like no bonuses given if you don't play or even to define the minimum games played or minimum amount gambled. That could be one of the solutions. Faucets will not help you very much to collect the funds for gambling.
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dunfida
Legendary
Offline
Activity: 3206
Merit: 1154
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July 29, 2020, 09:37:12 PM |
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First of all, I will make sure the site is old and legit.
$50 welcome bonus is good for me. But there are some that gives 100% bonus of up to 1 btc. That is good enough as well, I can deposit 0.002 btc to receive 0.004 btc.
I wish if the bonus is given without any wagering requirement or any other conditions. I know this can be misused but i will still prefer gambling sites give us some free money initially to play at the sites. If you need free money to play at sites, you can make use of the faucets which are available within the sites. If gambling sites start giving money only on signups and no wagering requirement, then people will make the accounts and withdraw the bonus money without even playing at the sites. This is the main reason why no gambling site take this risk. Yes, but gambling site can make certain conditions for bonuses, like no bonuses given if you don't play or even to define the minimum games played or minimum amount gambled. That could be one of the solutions. Faucets will not help you very much to collect the funds for gambling. No business would give out free money if there are no certain conditions that had been set this is why i dont really mind that much when it comes to bonuses because there would be definitely a corresponding requirement before you do able to make a withdraw but somehow there are people who are really tied up into these promotions even they know that they are on disadvantage in the first place.These are set for gamblers to lose in the long run due to almost impossible to reach those wager req.
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FontSeli
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 29, 2020, 09:55:56 PM |
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A cashback program is definitely attractive for those that have played for a long time on a casino or for those gamblers that know that they have the funds to do so, but for the rest of the gamblers that are the majority this is not an attractive offer, maybe a casino could offer something like free spins to those users as in my opinion it is a better option than welcome bonuses that you need to bet time and time again before you have a chance to make a withdrawal.
Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully. Well, you have answered your own question, cashback is not really that useful for me because I am not a whale and I do not gamble with a lot of money so whatever I get as a cashback is not really significant for me, but I can understand why some gamblers may find it as the most desirable offer they can get. I understand that you are not a whale and do not play for large amounts of money. However, you do not play every time on a new site where you can get new bonuses.
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Celebrate Julian's freedom!
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Mahanton
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 29, 2020, 09:59:24 PM |
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A cashback program is definitely attractive for those that have played for a long time on a casino or for those gamblers that know that they have the funds to do so, but for the rest of the gamblers that are the majority this is not an attractive offer, maybe a casino could offer something like free spins to those users as in my opinion it is a better option than welcome bonuses that you need to bet time and time again before you have a chance to make a withdrawal.
Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully. Well, you have answered your own question, cashback is not really that useful for me because I am not a whale and I do not gamble with a lot of money so whatever I get as a cashback is not really significant for me, but I can understand why some gamblers may find it as the most desirable offer they can get. I understand that you are not a whale and do not play for large amounts of money. However, you do not play every time on a new site where you can get new bonuses. Bonuses are just for luring in people or gambler where they do thought that they can make big money since they do have much better or big bankroll.Some are aware on the rules or requirement but majority wont really be expecting that there would be terms that should really be followed but well it isnt really that much a matter because most of them would lose along the way without having the chance on reaching out the required roll over.Its part of the marketing stuff and these offers would continue to be given out yet the house knows that they are on advantage.
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FontSeli
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July 29, 2020, 10:11:51 PM |
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Bonuses are just for luring in people or gambler where they do thought that they can make big money since they do have much better or big bankroll.Some are aware on the rules or requirement but majority wont really be expecting that there would be terms that should really be followed but well it isnt really that much a matter because most of them would lose along the way without having the chance on reaching out the required roll over.Its part of the marketing stuff and these offers would continue to be given out yet the house knows that they are on advantage.
Gambling is played by adults who can account for their actions and understand what their passion for the game is fraught with. If someone does not understand something, it is better for them to avoid the casino altogether and not play gambling games. Bonuses are needed primarily to attract players from other sites, not to attract people who do not gamble at all.
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Celebrate Julian's freedom!
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bct_ail
Legendary
Offline
Activity: 2660
Merit: 2229
https://t1p.de/6ghrf
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July 30, 2020, 07:26:47 AM |
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Gambling is played by adults who can account for their actions and understand what their passion for the game is fraught with.
Don't be so sure. Without verification, it is also possible for young people to register at online casinos. I remember a thread where a father said that his son had registered there and he asked for recommendations.
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Eureka_07
Sr. Member
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Activity: 1764
Merit: 260
Binance #SWGT and CERTIK Audited
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July 30, 2020, 09:07:39 AM |
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First of all, I will make sure the site is old and legit.
$50 welcome bonus is good for me. But there are some that gives 100% bonus of up to 1 btc. That is good enough as well, I can deposit 0.002 btc to receive 0.004 btc.
Nobody will even believe you about that hundred percent up to 1 BTC welcome bonus. That's hilarious dude. No one, or no casinos will ever give that huge amount just for welcome bonus. Maybe that was just a bait? Correct me if I am wrong, but I believe that "casino" is a scam.
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