How the casino takes money from you with a deposit bonus

[Blitzboy]

These deposit bonuses are only done to attract more customers to the site. There are often many limitations and conditions attached to these bonuses which you need to fulfil before withdrawing the money. More is the bonus amount, more will the be conditions attached to it. And in order to fulfil the necessary conditions, the gambler have to bet big with the balance. When you bet big, there is huge chance that you will make losses, hence the casino makes money and takes away the money through deposit bonuses.

Absolutely, deposit bonuses, attractive as they appear, primarily lure more clientele to virtual casinos. However, these come with a flurry of conditions, often correlating with the bonus size. It's a subtle snare pushing gamblers to riskier stakes.

To fulfill these prerequisites, numerous bettors incur significant losses, and invariably, the house triumphs. This tactic confirms 'The house always wins'. Let's enlighten our gambling brethren and foster responsible wagering. It's wiser to play safe than regret!

[panjul07]

I agree it's deceptive and yet it's still the popular way to invite gamblers to try their games, I seldom participate in deposit bonuses, because of the requirements, I prefer to deposit with no attachment of unusually high wagering requirements.
Only good if you want to try the platform without thinking of any profit and just want to play be entertained and let whatever happens,  happen, I am more comfortable with that.

Maybe many gamblers have come to the conclusion that this is deceptive, but it's strange, why are there still so many gamblers chasing this bonus?
In my opinion, if we don't like one of the existing bonuses, it's better not to chase it without having to say that the bonus is unfair because after all, casinos are set up to do business, so it's only natural that there are a few things that make gamblers lose because of bonuses or promotions.
As in your last sentence, I agree with that and it is indeed better to choose a site that we can rely on for us to have fun without aiming to make a profit from a promotional bonus.

How do you know there are still many gamblers who are chasing for deposit bonus? Is there any valid source to see the statistic on how many players who take deposit bonus?
Maybe there were many gamblers took deposit bonus especially newbies but I dont think experienced gamblers are attracted to deposit bonus these days.
Even if there are still some gamblers who take deposit bonus, I'm sure most of them are newbies because they are not experienced enough and they are not fully aware about the consequences of taking deposit bonus.

[hyudien]

As long as I was at the casino regarding the first deposit bonus there was nothing that I complied with because as you said that in the end we will all lose more than we gain more than what we bet on. So personally if I want to play make a deposit without activating the bonus. Apart from avoiding greater requirements, it will certainly require us to make more deposits. In this case I prefer to play clean by making a deposit that I can afford and play with what I want without any burden of other requirements to be met.

[Wapfika]

As long as I was at the casino regarding the first deposit bonus there was nothing that I complied with because as you said that in the end we will all lose more than we gain more than what we bet on. So personally if I want to play make a deposit without activating the bonus. Apart from avoiding greater requirements, it will certainly require us to make more deposits. In this case I prefer to play clean by making a deposit that I can afford and play with what I want without any burden of other requirements to be met.

Availing deposit is not bad because it can be forfeit anytime without affecting your total bankroll. This is the reason why many users abuse deposit promotion, they keep Availing deposit bonus then play on low house edge games to maintain a positive EV and slowly meet the requirements.

There's no difference on game play with or without bonuses since those extra requirements can be forfeit if the players doesn't want it anymore. The only downside of doing what OP suggest was the casino might freeze your account for taking advantage of their bonuses since you are playing just for the bonus sake and not as a regular customer.

[danherbias07]

I agree it's deceptive and yet it's still the popular way to invite gamblers to try their games, I seldom participate in deposit bonuses, because of the requirements, I prefer to deposit with no attachment of unusually high wagering requirements.
Only good if you want to try the platform without thinking of any profit and just want to play be entertained and let whatever happens,  happen, I am more comfortable with that.

Maybe many gamblers have come to the conclusion that this is deceptive, but it's strange, why are there still so many gamblers chasing this bonus?
In my opinion, if we don't like one of the existing bonuses, it's better not to chase it without having to say that the bonus is unfair because after all, casinos are set up to do business, so it's only natural that there are a few things that make gamblers lose because of bonuses or promotions.
As in your last sentence, I agree with that and it is indeed better to choose a site that we can rely on for us to have fun without aiming to make a profit from a promotional bonus.

How do you know there are still many gamblers who are chasing for deposit bonus? Is there any valid source to see the statistic on how many players who take deposit bonus?
Maybe there were many gamblers took deposit bonus especially newbies but I dont think experienced gamblers are attracted to deposit bonus these days.
Even if there are still some gamblers who take deposit bonus, I'm sure most of them are newbies because they are not experienced enough and they are not fully aware about the consequences of taking deposit bonus.

I don't have the statistics too, but I think gamblers are always aiming for something extra.
Like in Stake.com, if you check the chatbox before the monthly bonus is given (a day or two), there are many gamblers who cannot wait for it to be given because they want to play more.
I don't also care about deposit bonuses, but if it is given as you start then why not. I would take it, I don't believe that it will just be taken back by the online casino just like that. There are games where it will rely on you on how you can win.
Let's say Crash Originals, if you ain't too greedy playing the game then profits can be made. I've done it, twice. But it's a game of patience and I don't think many gamblers are patient enough to play a game where you wait for the numbers rolling and then crash.
I believe desperation may also be the problem or we don't care too much about the money given because it's a bonus, so we squander it without thinking until we are using the real deposit amount. That's when we are careful.

[darewaller]

Actually players know exactly how the wager requirements are set by the casino to prevent players from easily taking the bonuses provided because casinos are a business and business is always profit-oriented, and if there are players who continue to chase bonuses it's not because they will be able to pass the wager requirements. but thinking luck will help them get through it, and without looking at the calculations provided by the OP all gamblers almost know for sure that it is difficult to pass the requirements but seeing the promised bonus is still more tempting than the possibility of losing the entire deposit.
But I would prefer to play normally without claiming the bonus because it's almost impossible to pass even though I've done it but it's no more than 30x the wager requirement.

For the old-time players, yes but for those newbies, I don't think they know a lot when it comes to those things. They are the main target of the casinos. It was like when they see the term bonus, they will get excited and try it immediately and it will be too late already before knowing that there is a catch to it and it was hard to fulfill it. Some can still get lucky and successfully snatch the bonus but I won't always hope for it.

Maybe if there is no deposit involved, I will do it. Passing the wagering requirement which are less than 30x, is already hard but how much more the usual 30x right? It will be better if we just play the normal way, just to cut the stress.

[Unbunplease]

The deposit bonus is an additional incentive. However, it is not easy to withdraw this bonus, as there are always certain conditions. Essentially, a person has to pay a certain amount of money one way or another. And one must have good nerves not to lose everything in pursuit of fulfilling the conditions that allow the withdrawal of the bonus

[ethereumhunter]

These deposit bonuses are only done to attract more customers to the site. There are often many limitations and conditions attached to these bonuses which you need to fulfil before withdrawing the money. More is the bonus amount, more will the be conditions attached to it. And in order to fulfil the necessary conditions, the gambler have to bet big with the balance. When you bet big, there is huge chance that you will make losses, hence the casino makes money and takes away the money through deposit bonuses.

Wagering requirements are a problem for many gamblers, especially small gamblers. And small gamblers who only use small money as a deposit will not be able to get any bonuses and do not have a big chance to win some money. And even though there is a deposit bonus and many gamblers can get it, it does not guarantee gamblers can win big money. Most of them have suffered many losses and lost the money they deposited. And that's the money the casinos make while the gamblers lose. But that also doesn't stop gamblers from taking a break after a loss; they even deposit more money to continue gambling.

[piebeyb]

The deposit bonus is an additional incentive. However, it is not easy to withdraw this bonus, as there are always certain conditions. Essentially, a person has to pay a certain amount of money one way or another. And one must have good nerves not to lose everything in pursuit of fulfilling the conditions that allow the withdrawal of the bonus

The high bonus value sometimes makes people feel tempted to claim the bonus, but unfortunately they never read all the bonuses provided by the casino are not free of course there must be requirements, anyone can withdraw them by meeting the required requirements but sometimes it is not easy to benefit from bonuses it or pull it.

In the end, when making a deposit and getting a bonus, think of it as an incentive for us to play, it will only give us additional duration to play gambling, even though the end result is to lose all deposit money including bonuses because of losing, just try to play it with a mindset only to looking for fun so that you are not too disappointed when you fail, but if you win, just think of it as a bonus. 

[dezoel]

Giving deposit bonuses is a strategy of gambling sites that helps them attract gamblers. but when one accepts the bonus he must comply with the wagering requirements and as soon as he makes the deposit he will get the bonus but his balance will be frozen. So it is better to avoid bonus and gamble with break instead of panic is the best strategy to succeed in gambling. however, many people do not understand this issue and face many problems and lose a lot of money in gambling.

Yes, I didn't understand much about gambling at first. At first, a new gambling site gives you an unspecified bonus when you deposit. But now I'm a big fan of gambling.I lost a lot of money while playing gambling without understanding anything about gambling in the first stage. Now I don't have to face such problems. But I think gambling is a deadly addiction. We should stay away from gambling.

Whether you stay away from gambling or not, try to have some limits if you want to avoid getting addicted to it, have a specific amount of time that you will spend on your gambling activities per week, and also decide on a budget that you will spend and if you have lost it, you won't gamble anymore for the whole week, this way, you won't get addicted because you will know your limits and you will gamble accordingly, only if you can follow it.

What I would suggest you stay away from are bonuses that are offered by all the casinos, some of them might be good if they don't have very high wagering requirements, but most of them do have high wagering requirements and you will lose your deposit along with the bonus before you complete the requirement.

[ryzaadit]

Final note for these-case

Avoid bonus with x40-x50 turn-over, because is being designed 99% they want the player losing. Just accept or joint the promotion at least with x10-x15 waggering rules, these rules still can be reached.

But x40-x50. They design for us 99% losing.

[coinerer]

Snip

Giving deposit bonuses is a strategy of gambling sites that helps them attract gamblers. but when one accepts the bonus he must comply with the wagering requirements and as soon as he makes the deposit he will get the bonus but his balance will be frozen. So it is better to avoid bonus and gamble with break instead of panic is the best strategy to succeed in gambling. however, many people do not understand this issue and face many problems and lose a lot of money in gambling.

Yes, I didn't understand much about gambling at first. At first, a new gambling site gives you an unspecified bonus when you deposit. But now I'm a big fan of gambling.I lost a lot of money while playing gambling without understanding anything about gambling in the first stage. Now I don't have to face such problems. But I think gambling is a deadly addiction. We should stay away from gambling.

Many casino sites have the option to take deposit bonus or not and the user can choose it as per his wish. so note this while making a deposit and then skip the bonus option to avoid encountering the wagering requirement. Because the wagering requirement creates extra stress for a gambler. So you should always avoid bonuses whether you understand it or not

[Huppercase]

I also avoid claiming deposit bonus because I feel that the bonus is a trap.  I agree on the calculation of @OP and claiming the bonus is like giving the bonus back with our fund.  We all know that in a casino, the longer we stay in a single game the greater the chance to lose.  Aside from that claiming bonus had another set of requirement and often time the wagering requirement triggers when we lost our deposited bankroll.  And deposit bonus  got consume after we lost all our bankroll.

I am part of the positive move that bonus should be scrap by casinos, it's a good marketing strategy but at the end, it's like a slavery money you can not utilize the way you want, what is the use of it then. Instead of giving this huge bonus in 300% or 500% as we do see in casinos, they better give in small amount so that gamblers don't have to struggle for ways to rollover bonus and still end up what they have won already and casinos always win and who knows may be the amount are just virtual, not real u till a request of withdrawals are been initiated.

However, I think free things is not everywhere, it's just a strategy to keep players revolving around there casino and no matter how people see the bonus as a trap by casinos, there are some players that do make money from the bonuses they offer and that's why we see cases of account abuse in casinos, it favors some and it doesn't favor some players.

[Yatsan]

The deposit bonus is an additional incentive. However, it is not easy to withdraw this bonus, as there are always certain conditions. Essentially, a person has to pay a certain amount of money one way or another. And one must have good nerves not to lose everything in pursuit of fulfilling the conditions that allow the withdrawal of the bonus

I do think of the same thing. As per my experience, everytime I make a deposit, the amount in usd is the same as with how much I have deposited. Deposit bonus I guess is to give players a bigger exposure of gambling games which could give them an idea to again deposit once they have lost the first one, 'coz their first deposit will give them the idea that they got more than wwhat they have paid for because of deposit bonus. I do get the point of other users using mathematical representations but I just believe that it is more of a psychological idea behind this, as part of their marketing strategy. Somewhat likewise with welcome bonuses, but a prolonged one.

[len01]

-snip
 
Maybe there were many gamblers took deposit bonus especially newbies but I dont think experienced gamblers are attracted to deposit bonus these days.
Even if there are still some gamblers who take deposit bonus, I'm sure most of them are newbies because they are not experienced enough and they are not fully aware about the consequences of taking deposit bonus.

exactly right. beginner gamblers are more interested in big bonuses, they don't even see the risks that have to be taken to be able to take this bonus with a very large total bet and it is difficult to achieve it.
It's natural that old gamblers are no longer interested in deposit bonuses because they don't want to be complicated chasing a high total bet and for me it's not the same as the results you get, except the deposit bonus terms are very easy. but it seems impossible.

IMO, novice gamblers only think about the amount of bonuses given by the casino without thinking about the risks that must be taken.

[Doan9269]

As long as I was at the casino regarding the first deposit bonus there was nothing that I complied with because as you said that in the end we will all lose more than we gain more than what we bet on. So personally if I want to play make a deposit without activating the bonus.

There's no doubt that we have to give in much on gambling than we receives from it, this is one of the common fact except for the lucky ones that will unexpectedly win a jackpot at the course, but some have to also put themselves in their shoe if they will allow for such withdrawal of bonus without making a deposit first

Apart from avoiding greater requirements, it will certainly require us to make more deposits. In this case I prefer to play clean by making a deposit that I can afford and play with what I want without any burden of other requirements to be met.

Many gamblers will expect to gain and make profits even where they perform less or nothing and if everyone keep making such attempt, how will the casinos survived, they are also out to make business and earn from what they do being a gambling casino, it's not all about the gamblers having the pursuit of winning always, the casinos also needs to maintain their security system and casinos through the earnings realized from gamblers using their platform.

[dezoel]

As long as I was at the casino regarding the first deposit bonus there was nothing that I complied with because as you said that in the end we will all lose more than we gain more than what we bet on. So personally if I want to play make a deposit without activating the bonus. Apart from avoiding greater requirements, it will certainly require us to make more deposits. In this case I prefer to play clean by making a deposit that I can afford and play with what I want without any burden of other requirements to be met.

That is obviously the best option only to make a deposit without taking any deposit bonus so that you are free from the wagering requirement because a wagering requirement won't let you withdraw the money if you manage to win something very quickly after starting to play a game which happens sometimes when you are playing in a slot machine if you are playing only with the deposit, you can withdraw any time when the deposit wagering requirement is met which isn't too much in most cases.

If a casino has a high wagering requirement only for the deposit without any bonus, one should avoid that and look for a platform that doesn't have a very high wagering requirement for only the deposit so that they don't face issues withdrawing the money once they get a big win.

[CarnagexD]

Hi all! Seeing here a topic about bonuses and rewards. Decided to create a topic. It seems to me very important for players who do not understand how RTP works in a casino and why they give deposit bonuses with a large wager (x10+). Also, those who did not understand how it works before will be able to calculate EV (Expected value) by themselves. And yes, you can still find bonuses with +EV, I personally know one such casino.

The best bonus is not to take the bonus if it has a big wager, because it will be -EV (-Expected value). Any casino game is -EV, if you play by the rules of the casino. I will give an example of why you should not take deposit bonuses with a high wager. The casino gives a 100% bonus on the first deposit and wager x25 (D+B) = x50, we make a deposit of $100 and they give us another $100 = $200 (wager 200*50=10k). The casino has an average RTP of 96% (percent is different everywhere, depends on slots or house games and so on). For every 100 dollars wagered we get back 96 dollars according to the mathematical expectation (100-96=4), 960 dollars for 1k wager (1000-960=40), 9600 dollars for 10k wager (10000-9600=400). And after the full wagering, we will lose 400 dollars, which gives a very large -EV. I do not advise you to take any bonuses more than x10 wager (depending on RTP). These bonuses are rare. Who thinks about this and the casinos began to raise the wager.

I don't understand why you say first we need to wager 50x times the deposit "x25 (D+B) = x50" and then you say we need to wager 50x times the deposit+the bonus "(wager 200*50=10k)" You've made a mistake I think. If the customer deposits $100 he will need to wager 50 x 100 = 5000$ or  (100 + 100) x 25 = 200 x 25 = 5000$

it is on his own expected value and own preference for example. But yes I get your point. But for me, that just means that bonus dollar would truly invite gambler to play with their own money by depositing it along with their rewards. Who cares about the math right? I have the $100 bonus eh. I will turn this $100 + my deposit into a $100K in 4 days. Then boom. I lost all my money. That's how casinos work. That easy. To attract gamblers and take the money of those gamblers. Through probabilities, in a long series of bet plus transaction cost to be paid. The house always wins.

[dunfida]

-snip
 
Maybe there were many gamblers took deposit bonus especially newbies but I dont think experienced gamblers are attracted to deposit bonus these days.
Even if there are still some gamblers who take deposit bonus, I'm sure most of them are newbies because they are not experienced enough and they are not fully aware about the consequences of taking deposit bonus.

exactly right. beginner gamblers are more interested in big bonuses, they don't even see the risks that have to be taken to be able to take this bonus with a very large total bet and it is difficult to achieve it.
It's natural that old gamblers are no longer interested in deposit bonuses because they don't want to be complicated chasing a high total bet and for me it's not the same as the results you get, except the deposit bonus terms are very easy. but it seems impossible.

IMO, novice gamblers only think about the amount of bonuses given by the casino without thinking about the risks that must be taken.

Indeed! They are the ones who would really be that attracted with these type or kind of bonuses on which they would really be having that kind of impression that this is something that would really be giving out that kind of advantage on which they do believe that they could really be having more which having the chance on having those winnings which it isnt really that right to have that kind of mindset. This would really be pushing you to be that desperate because of those wrong impressions but on the time that you do realize about those terms and conditions then you would find that these bonuses are shit.
These are just things that lures out people to play and casinos are making it look as interesting as possible.

[Bananington]

I agree it's deceptive and yet it's still the popular way to invite gamblers to try their games, I seldom participate in deposit bonuses, because of the requirements, I prefer to deposit with no attachment of unusually high wagering requirements.
Only good if you want to try the platform without thinking of any profit and just want to play be entertained and let whatever happens,  happen, I am more comfortable with that.

It's just business, and no one should get angry at their own strategy. That's why there are more than one Casinos with better service and reward system.
Am sure regulators would knock on the door of anyone going astray from the doings of a casino with a lawsuit to prohibit or sanction such acts. Until this happens, we can patronize other better casinos, that's if this isn't a norm among them all.