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Author Topic: Cashback with wagering requirements and same bonus make sense?  (Read 1053 times)
bering
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October 23, 2024, 08:06:03 AM
 #21

I have been plenty to received the promotion just like 30% deposit bonus or even 50% deposit bonus and why i received the email like this because i know this is only the promotion from the particular casinos to attract new players to playing at their casinos but those offers didn't tempting me because i know usually those promotion has wagering requirements which the requirements usually very high approximatelly 25x-35x even sometimes there was a particular casino required 40x requirements so what i want to says is nothing is free and if people want to gets the bonus then read carefully the ToS from the casinos and also make sure you playing the games which has 100% wagering for the bonus just like slot because playing this game can increase your wagering progress rapidly
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October 23, 2024, 08:27:35 AM
 #22

Those deposit bonuses are one of the reasons why i'm always strict about the kind of bonuses I should take. They make it sound too good on paper then hit you with the bonus requirements once you're on the site.

If you fall for it again, you should be able to cancel the cashback bonus and keep playing with your deposit.

I also made a similar mistake years ago. One of the new casinos I used automatically activated the deposit bonus after registration and it got me confused once my balance went up higher than what I put in.
Exactly, if it's too good to be true, then probably is. I also had the same experience with the OP years ago about a certain casino and I did fall for it. But now I'm also very careful on those cashbacks and other promotions. A wagering requirements is understandable, but it seems that there is big misunderstand from the OP and he has to learn it the hard way. And I guess for new gamblers here, yeah, read the ToS first and if you have doubts, then ask support before depositing and activating the deposit bonus. Of course this is promotion from casinos, but it's better to clear everything first so that you have your expectation fulfilled.

 
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October 23, 2024, 08:30:40 AM
 #23

So this bonus categorized as cashback not a deposit bonus and worst it has wagering requirements. It’s my fault to not read the bonus ToS first but the email is clearly a deposit bonus.
On the email, the casino meant that it is deposit bonus or cash back bonus? I do not like when a gambling site will not boldly indicate that it is cashback. But if you are given a bonus, you also need to read the terms and conditions. I have noticed that the terms and conditions are not long at all and you can read and understand it within less than 2 minutes. The reason I do take my time to read the terms and conditions is because gambling sites give you bonus in a way you will have high probability of losing it.

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October 23, 2024, 11:07:05 AM
 #24

Recently, I avail a special promotion sent to my email by a casino that I will not mention the name.

They offer me a 30% bonus on my deposit and the only requirements is just x10 wager so I become interested to deposit. As the game progress I notice that my wager doesn’t count towards my bonus so I ask for the support about the error. They point out to me that the bonus will just take effect if my main balance will lose first.

So this bonus categorized as cashback not a deposit bonus and worst it has wagering requirements. It’s my fault to not read the bonus ToS first but the email is clearly a deposit bonus.

Just be aware and always read the ToS, casino nowadays are using this method to encourage user to deposit thinking that it will be just a regular deposit bonus. Always read the fine print.

Perhaps that could be another way most platforms has discovered to get people into making a deposit on their betting site even when a gambler may not have a plans of depositing any money, actually is funny to see how they would only explain the part that will get the attention of the gambler on the email so that the gambler will not bother himself reading through their ToS but at the end if there is any complaint about the bonus they would ask the gambler to read their ToS, however I also made a similar mistake one certain time when I got the mail to make a deposit and received %15 bonus of my deposit amount and I was moved into it and make a deposit but nothing was given to me and when I complained their support told me the offer has expired when it was not up to two days I got the mail, so actually is very important to verify things before being moved by any offers.

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October 23, 2024, 11:52:14 AM
 #25

I try to avoid any bonuses while gambling, it just add extra pressure in my opinion with the wagering requirement and other mathematical terms to claim a little, I will just take a pass and do it as I wish. I am not expecting everyone to be same as mentioned but if you want to enjoy the extra perks then make sure the strings attached to it, cause no one really gives away free money.

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October 23, 2024, 01:23:16 PM
 #26

Those deposit bonuses are one of the reasons why i'm always strict about the kind of bonuses I should take. They make it sound too good on paper then hit you with the bonus requirements once you're on the site.

If you fall for it again, you should be able to cancel the cashback bonus and keep playing with your deposit.

I also made a similar mistake years ago. One of the new casinos I used automatically activated the deposit bonus after registration and it got me confused once my balance went up higher than what I put in.
One of the most misconceptions or newbie gamblers would definitely be able to go pass on or something that we will really be experiencing on which we do really thought that the casino
is really that giving some free money on which to add up into your balance on which it would really be giving out that kind of boost up with your emotion that you do have that bigger
bankroll on which you could be able to play even longer but as time goes by on which on the moment that you would really be gonna tending to make some withdrawal then it would
make you scratch your head on what the hell is wrong with your withdrawal on why its locked or not available. You would really be able to realize that you are already that
needing to reach up some wagering threshold for you to be able to make yourself that having that withdrawal on which most likely gamblers do really end up on blowing up their
account balance first before they could be able to do it. hahaha

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October 23, 2024, 02:01:52 PM
 #27

So it can be concluded that this is an indirect fraud, if it does not match what they write and practice, maybe this can be used as a reference if someone says that cashback deposits must be a little careful and avoid casinos like this.

Not exactly however casino that doing this tactics is relying on gamblers laziness on reading the ToS to trapped money inside while completing the mandatory x1 wagering of the deposit in case player decided to back out on clearing the bonus.

But only mediocre casino do this while most reputable casino always emphasize everything on the ToS and requirements is not shitty like this which even a deposit bonus can only be wager to clear if the deposit is already loss which means it requires the player to lose first before the6 can use the bonus and wager using bonus amount itself only.

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October 23, 2024, 02:41:13 PM
 #28

I always choose to not accept these cashback pure because of their wagering requirements. As someone described it, it is giving the player money with the right hand and collecting it with the left hand. But do I blame the casino? No. It is business and it is optional. The casinos has to be in business and stay in business that's one way to remain profitable. Secondly since they don't mandate players to accept it, then any player who does must stick with the rules.

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October 24, 2024, 03:57:57 PM
 #29

I always choose to not accept these cashback pure because of their wagering requirements. As someone described it, it is giving the player money with the right hand and collecting it with the left hand. But do I blame the casino? No. It is business and it is optional. The casinos has to be in business and stay in business that's one way to remain profitable. Secondly since they don't mandate players to accept it, then any player who does must stick with the rules.
Why not collect it. It is just a bonus and it will not take anything from you. But if you do not want to gamble or have time to gamble, you can just overlook it. If I am gambling on a site and I am given such a bonus, I will only be expecting that if I lose my money, I will be given some percentage of the amount lost back. But what the OP is complaining about is that the gambling site did not specify that it is cashback and he thought it was deposit bonus. I think such site is shady if they do not specify and let gamblers think it is a deposit bonus.

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October 24, 2024, 04:44:37 PM
 #30

I always choose to not accept these cashback pure because of their wagering requirements. As someone described it, it is giving the player money with the right hand and collecting it with the left hand. But do I blame the casino? No. It is business and it is optional. The casinos has to be in business and stay in business that's one way to remain profitable. Secondly since they don't mandate players to accept it, then any player who does must stick with the rules.
Exactly, such cashback offers, promotion, whatever it is you get from my casino's, is to get you excited, get interested in depositing and playing more games. One thing we need to understand, always and always remember, is that these casinos were built first for their profit, before they think of you. So when you see a promotion, you should check where they are profiting from, and then check if it will actually profit you, before you make a move.

Just like you said, it's giving you with one hand and collecting with the other hand, nothing goes for nothing, it's not free. So if you want to try out the cashback or the bonuses, when you see it, maybe you do a minimal deposit. Unfortunately, some of the requirements need you to deposit a certain amount or play a certain number of games. That's where the issue is.
But if you are willing to try, go ahead, if not, then don't accept.

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October 24, 2024, 05:14:54 PM
 #31

If this is true, it's actually funny to me because they don't expect you to lose first before giving you the cash back bonus. So, do they mean you have to lose x10 wagering before they can give you the bonus?

If you actually read the ToS correctly and they didn't mention that a specific amount must be wagered and losed, the  you can just stake with little amount in a game that you will experience loses.

The casino that am using doesn't require you to lose first before you get a cash back, they just need you to wager at least a certain amount and you will be credited the cash back.

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October 24, 2024, 05:48:50 PM
 #32

I always choose to not accept these cashback pure because of their wagering requirements. As someone described it, it is giving the player money with the right hand and collecting it with the left hand. But do I blame the casino? No. It is business and it is optional. The casinos has to be in business and stay in business that's one way to remain profitable. Secondly since they don't mandate players to accept it, then any player who does must stick with the rules.
That's a poor way of doing business. You don't have to make it obvious that you are indirectly taking back the money from the gamblers. I know they ought to make money but isn't the money gamblers lose enough for them? When we calculate how much has been lost in a bet it's enough for the casino to tap into those funds and pay the tax for each to their government. It's unfair because gamblers keep losing and winning, paying taxes whether they win or lose.

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October 24, 2024, 05:56:54 PM
 #33

Just be aware and always read the ToS, casino nowadays are using this method to encourage user to deposit thinking that it will be just a regular deposit bonus. Always read the fine print.

What a nice advise, i always made mention that it is very important that we look well into the conditions attached on every offer they are giving us before we apply, most especially on their ToS, we shouldn't be enticed alone, but we must know what's in there for us as well as the conditions attached before we give on for submission, as part of paying negligence to things like this, we have seen a number of gamblers complaining scam on casinos without knowing they are the one actually at fault.

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October 24, 2024, 06:07:33 PM
 #34

You are not alone by not reading ToS because I am sure many people experienced that matter. Many times we forget that every promotions from casino have its requirements such as wagering requirements or else.
I am not chase the promotion anymore because I know there are many requirements that I can not meet. So I just deposit some money to gambling and whatever the result, I will go out from the casino.
That will not make us regret because we only gambling when we want and with limit money. But for those who want to chase the promotions, you need to make sure to read the ToS.
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October 24, 2024, 06:24:23 PM
 #35

It is normal practice where most bonuses comes with some requirements because there is no bonuses which is 100% free.
This is why it is always important to read the whole terms when we are interested to take any bonus offered by the casino.
For more specific bonus as what you mentioned "cashback", some casinos may have different terms because there are casinos that give cashback without wagering requirement as well.
We need to be more selective, at least reading the terms is must thing to do so we can choose which casinos that offer bonuses as what we like.

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October 24, 2024, 07:27:22 PM
 #36

This is similar to when Binance's tasks were introduced, offering a $50 reward if you deposited or traded a X amount of money, although it was specified with tiny letters that it was a trading rebate fee reward and not $50 in your balance. The misleading bonuses are a common practice of many casinos to attract new players and deposits; it has been mentioned quite a few times here that it's extremely rare they come with no strings attached. This is the main reason I'm rarely paying attention to them.

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October 24, 2024, 07:38:01 PM
 #37

Recently, I avail a special promotion sent to my email by a casino that I will not mention the name.

They offer me a 30% bonus on my deposit and the only requirements is just x10 wager so I become interested to deposit. As the game progress I notice that my wager doesn’t count towards my bonus so I ask for the support about the error. They point out to me that the bonus will just take effect if my main balance will lose first.

So this bonus categorized as cashback not a deposit bonus and worst it has wagering requirements. It’s my fault to not read the bonus ToS first but the email is clearly a deposit bonus.

Just be aware and always read the ToS, casino nowadays are using this method to encourage user to deposit thinking that it will be just a regular deposit bonus. Always read the fine print.

That is a strange casino to say the least, most casinos who offer you the deposit bonus and wagering requirements are starting as soon as you start gambling, it is easy to get the bonus in most casinos and just x10 wager is easily achievable with dice 98% chance to win strategy, usually it gives you for the amount you deposit much more than x10 if done with the right currency and the right amount as bet in autobet, this is how most people become high level VIP-s in no time in most well known casino and this can be a good way as I said to be profiting from such bonuses, of course it needs a high balance to achieve that, like 100 dollars and to be played in IDR currency for example as it means almost 1.6 million IDR-s to increase your rank and profit from the bonus with a 1000-2500 IDR base bet for the strategy mentioned.

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October 24, 2024, 08:00:16 PM
 #38

Those deposit bonuses are one of the reasons why i'm always strict about the kind of bonuses I should take. They make it sound too good on paper then hit you with the bonus requirements once you're on the site.


Exactly this is why it's very necessary to read the terms and conditions given by the casino, so as to know when to tackle such issues like this on time. Alot of casino sites don't really care about your thoughts but they are majorly concern about their benefits which includes some Cashback and bonuses. But for me while using Casinos I think one should deposit an amount of money be it a small or big to carry on their process because having an available Cashback is just like a bait they set up to lure gamblers.

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Troytech
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October 24, 2024, 10:02:35 PM
 #39

I always choose to not accept these cashback pure because of their wagering requirements. As someone described it, it is giving the player money with the right hand and collecting it with the left hand. But do I blame the casino? No. It is business and it is optional. The casinos has to be in business and stay in business that's one way to remain profitable. Secondly since they don't mandate players to accept it, then any player who does must stick with the rules.
Exactly, such cashback offers, promotion, whatever it is you get from my casino's, is to get you excited, get interested in depositing and playing more games. One thing we need to understand, always and always remember, is that these casinos were built first for their profit, before they think of you. So when you see a promotion, you should check where they are profiting from, and then check if it will actually profit you, before you make a move.

Just like you said, it's giving you with one hand and collecting with the other hand, nothing goes for nothing, it's not free. So if you want to try out the cashback or the bonuses, when you see it, maybe you do a minimal deposit. Unfortunately, some of the requirements need you to deposit a certain amount or play a certain number of games. That's where the issue is.
But if you are willing to try, go ahead, if not, then don't accept.
The requirements casinos use to place this advert is quite a unique one. It contains several compulsory things to do that must benefit the casino more compared to the user. My friend fell for a casino advert, I dont want to mention the name. But he was given free $10 to bet in the casino. After betting in the casino with the $10 he won $16 but was only allowed to withdraw $6 leaving the $10 in the casino. 

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Davidvictorson
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October 24, 2024, 10:11:17 PM
 #40

Why not collect it. It is just a bonus and it will not take anything from you. But if you do not want to gamble or have time to gamble, you can just overlook it. If I am gambling on a site and I am given such a bonus, I will only be expecting that if I lose my money, I will be given some percentage of the amount lost back. But what the OP is complaining about is that the gambling site did not specify that it is cashback and he thought it was deposit bonus. I think such site is shady if they do not specify and let gamblers think it is a deposit bonus.
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I see what you mean. The fault was purely that of the casino. I think there was a miscommunication between whoever sent the email to the OP that he had a deposit bonus and the person who was responsible for awarding the bonus on the account of the OP. To your first question, like I already wrote, cashback is like giving money from the right hand and collecting back from the left. Even if it is a bonus, it is too stringent and unfair. It is even a bigger trigger for those who are addicted to fuel their addiction and continue for a long time trying to get their cash back from a hopeful win.

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