Casino bonus that let you lose your balance first

[Findingnemo]

We need to lose the balance first before availing the bonus is such a weird criterion. I wouldn't be interested in any bonus that doesn't have the terms mentioned or presented to me when someone offer me the bonus. You should really mention the casino name that might save others from doing the same mistake and I doubt any reputable casino will have such rule.

Casinos are businesses too so they thrive for profit but it should be done in the right way.

[ralle14]

If you need o lose your entire balance, it is a crazy offer. All casinos should have their terms in black and white before players sign up for bonuses.

The hidden catch was for him to lose it all since the deposit bonus was disguised as a lossback or cashback.

Blackjack.fun also give me a lifetime 20% cashback and other exclusive promotion but with fair ToS. Most of my VIP manager offer a no strings attached attached bonus so I’m surprised to see a tricky bonus like this that still exists.

Same with me, when I used to have a VIP manager they'd always put down all the details on the bonuses they're offering and even give you the option to choose from a few of them.

[Gozie51]

I will not disclose casino name but be vigilant always.

what? You really should tell which casino it is so people can avoid it or at least be wary of that caisno, I mean, you are basically saying that you got tempted into availing that bonus without them saying what the ToS on that specific bonus(which I would think is illegal) because they know that if you read the full terms of that bonus you will most likely not avail it.

This is kind of shady, I mean concealing requirements of bonus and just expecting a player to accept it. I think bonus when it is stated in TOS as without condition is cool but if they don't get you to understand about it then it isn't nice. I don't really like signing up because of bonus because it is usually going to be a trap and some has high wagering requirements which could be a reason not to disclose it.

[yahoo62278]

By not mentioning the casino you are condoning their practices and basically allowing the community to be scammed IMO. Casinos need to be outed for shady practices and the community needs to be warned not to play on a site if they are going to treat their customers in a shady way. It's already hard enough to win without being swindled out of your money.

[Su-asa]

I understand that feeling's when you have to lose before you can use the vip bonus that is given to you. However I haven't gotten this kind of bonus before. A bonus that wants me to lose before I can be able to use it? That's ridiculous.
Actually the casino that I normally use to gamble doesn't give me those kind of bonuses (don't know if because I'm not a vip yet). IMO some bonuses are trap, and not all casino will give their vip members those kind of terms before they can use the bonus.
@Cointxz is the bonus bigger than the amount you lose or smaller than the amount you lose?

[uneng]

The casino and VIP manager must think they are clever for luring their customers with such fake bonus promotions, but it's a very damaging marketing strategy for the company, because once deceived, the gambler will start avoiding this platform in the future, besides not taking any promotions from them in consideration anymore.

After all, it's detrimental for the casino to take advantage of gamblers. It's much more interesting for casinos to launch generous bonus promotions from times to times, so gamblers feel genuinely rewarded, coming back to the platform more often futurely.

Bonusses are normally hard enough to be achieved, and if once achieved the gambler finds out it wasn't even a bonus, but a cashback feature, the frustration will be more intense, possibly leading the gambler to develop an aversion for that platform in particular.

[justdimin]

We need to lose the balance first before availing the bonus is such a weird criterion. I wouldn't be interested in any bonus that doesn't have the terms mentioned or presented to me when someone offer me the bonus. You should really mention the casino name that might save others from doing the same mistake and I doubt any reputable casino will have such rule.

Casinos are businesses too so they thrive for profit but it should be done in the right way.

Yeah right, I think I haven't came across a casino like this before but I always read the terms and conditions of the bonus first if ever I build an interest towards it, so I won't still be a victim of it. If there is no TaC, I think that is a red flag but we can still try to ask the admins or the customer support of the casino about it.

Let see if they can provide one. So far I only saw casinos that let's you merge your real balance to the bonus, or will let you consume your own deposits first. Either way, I still find this very annoying. For now, I'm only sticking to those match bonus (100%) with a very low wager requirement, or better if the bonus given without any strings attached.

[Saint-loup]

Yes some casinos have very weird requirements for their bonuses, but this one looks very close to be a scam actually. Not wanting to disclose such essential informations about conditions before the customer accepts it, is not acceptable. And you're very likely to lose money at the end unfortunately. This kind of things gives bad reputation to the whole crypto ecosystem in addition, and regulators use it to hypocritely introduce new revaluations against cryptocurrencies in the name of consumer protection.

[bitgolden]

That's bad, and that's definitely not how a bonus should work. If you are depositing $100 and getting a 100% bonus with a 10x wagering requirement, you should be allowed to complete a total wager of $1,000 with both your balance and the bonus balance, and then you should be allowed to withdraw if you manage to do that. It might have something to do with the wagering requirement because usually, casinos would ask you to at least wager the amount 30x or more before you can withdraw, but the one you mentioned required only 10x, but still, your deposited funds should also count towards the wagering requirement.

I'm not a fan of bonuses because I believe they are a trap for you to lose your money. A simple deposit without any bonus would require you to wager the amount once or maybe twice, and that's achievable without any problems, so if you manage to win some money on top of your balance, you can easily complete the wagering requirement and get a withdrawal, but with a bonus, you will lose everything back by the time you complete the requirements, it s*cks.

[JunaidAzizi]

I will not disclose casino name but be vigilant always.

what? You really should tell which casino it is so people can avoid it or at least be wary of that caisno, I mean, you are basically saying that you got tempted into availing that bonus without them saying what the ToS on that specific bonus(which I would think is illegal) because they know that if you read the full terms of that bonus you will most likely not avail it.

I think it would be best to share the name of Casimo to make it clear to others that they shouldn't fall into this bonus trap, you will get nothing but a loss of your investment. I will mark it as a scam because they intentionally hide the bonus terms, and they know that people will not engage with it after reading the bonus rules. I do not understand how they can force a person to lose by their own choice and then expect you to avail yourself of the bonus. What are the benefits of that bonus? When you unlock it, you will still have to wager, and if it is not in your favor, you will lose your whole funds. My advice is to not be quiet after such a scam, raise your voice and tell your story so that it is more likely to keep people safe from scams again.

[Nwada001]

never mind bonuses with low requirements, I don't like advertised bonuses, but if it's really free I'll take it, if the bonus has certain conditions I continue to ignore them, to hell with bonuses instead they indirectly drain our money

Free bonus You can risk anything to complete the wager requirement and make sure you qualify to make a withdrawal, but this one that they say one needs to lose all their deposit first doesn't seem right. The bonus appears as if it's a compensation for losing your balance as a VIP in the casino, which anyone who is not a VIP is not qualified for, and such a bonus is mainly driven to make someone lose money.

[TelolettOm]

And one of the lessons is:
Don't trust anyone, especially in the online world, especially those related to business, with money that is so sweet, and also with various sweet promises to get bonuses or rewards that are so promising quite easily. From the beginning I read, it seemed a bit less convincing why there was no clear and complete explanation before the tips for using the bonus. It's like fishing with bait, if there is no bait, how can you get the fish, except for luck. hahaha

yes, everyone has their own story and experience, various things we can learn from, as you said here

[AmoreJaz]

And one of the lessons is:
Don't trust anyone, especially in the online world, especially those related to business, with money that is so sweet, and also with various sweet promises to get bonuses or rewards that are so promising quite easily. From the beginning I read, it seemed a bit less convincing why there was no clear and complete explanation before the tips for using the bonus. It's like fishing with bait, if there is no bait, how can you get the fish, except for luck. hahaha

yes, everyone has their own story and experience, various things we can learn from, as you said here

Better check the terms of the bonus offering before you take the bait of depositing money. Because if they won't disclose, it means they are deceiving their players. Because a legit site would disclose the terms or conditions to their players. If not, better not deposit any penny to their site.
Usually the ad is written in big letters, however, the terms are written small, you need a magnifying glass to know what the wagering requirements is or other conditions attached to it.

[alegotardo]

Of course I avail this bonus since it has a low wagering requirements until I realized that my wager is not counted because I needed to lose first my balance before I can use the bonus balance and wager it.

I completely agree with you... a bonus that requires you to lose your balance first before you can use the bonus is unacceptable.

For me, this is not even a bonus, I would easily describe it as "A SCAM!".

I would certainly be very wary right from the start if they prevented me from having access to all the conditions, because the lack of transparency in the bonus terms and conditions always brings unpleasant surprises at some point.

This is a lesson for everyone... if a bonus has terms and conditions that are not clearly disclosed, it is better to avoid that bonus and look for fairer and more transparent options.

In addition, it is important to remember that VIP managers are not always trustworthy, regardless of the casino they represent, because they may have their own interests and try to convince players to accept bonuses that are not beneficial to them just to make more profit or simply to meet certain engagement metrics. You need to be very skeptical and question the terms and conditions of a bonus before accepting it.

Anyway... frustrating story, but thanks for sharing it, it serves as a learning experience and warning for everyone.

[Dailyscript]

I had a similar experience in a regular local casino liverscorebet where you have to lose all your deposit before you can wager the bonus. This time without any message from any casino manager and it was my first time singing up in the casino. Thank you for the reminder OP i almost forget about my previous experience not until this day.

[lovesmayfamilis]

It is precisely on the fact that users may not read the ToS or be tempted by a bonus, as the OP writes, which at first seems very easy to win back, that they are counting. It is difficult to blame anyone, since the offer works, and consent always depends on the player. The casino will always be on the side of its benefit, but I think you should always expect that if something seems too profitable, then it looks like "free cheese, which only happens in a mousetrap."

[Strongkored]

Always caution with the bonus rules, read carefully and if you're not sure ask the support agent.

Lesson learned: Never take any bonus that doesn’t have any disclose ToS even if it’s from a VIP manager. My manager trick me for not mentioning this important info since he is giving me a regular bonus that doesn’t have this requirements.

It should be when you are offered but there are still hidden things it is better to ignore, although I can understand that with only 10x wager requirement it is very tempting and it is very possible that I would be tempted too.

What players must understand is that bonuses are not to make players make a profit, because bonuses are just a way for casinos to attract many players to play there because casino competition is very tight, and I am no longer interested in activating bonuses because I know it is difficult to pass the wager requirement, because the average is above 30x wag req.

[bettercrypto]

Recently, A VIP manager contacted me about special bonus which is a deposit bonus with x10 wagering requirements only. The full terms is not disclosed unless you avail the bonus already.

Of course I avail this bonus since it has a low wagering requirements until I realized that my wager is not counted because I needed to lose first my balance before I can use the bonus balance and wager it.

This is a total ridiculous bonus not only because it needs to bust my bankroll but also it will forfeit all my profit that I earn when the bonus is active.

Lesson learned: Never take any bonus that doesn’t have any disclose ToS even if it’s from a VIP manager. My manager trick me for not mentioning this important info since he is giving me a regular bonus that doesn’t have this requirements.

I will not disclose casino name but be vigilant always.

There is some truth to what you are saying, op, because I have entered a casino where I was attracted to sign up to create an account on their gambling platform here at the crypto casino where they have a welcome bonus of 300% bonus and I won't even mention its name.

Of course I am very happy to see that there is an additional 300% on the amount of money deposited on their platform. But there is no chance that you will be able to withdraw even if we say that you have won a decent winning on their casino platform because you have to lose all your balance in your wallet while playing on their casino platform so the welcome bonus they are giving is also worthless.

[peter0425]

We need to lose the balance first before availing the bonus is such a weird criterion. I wouldn't be interested in any bonus that doesn't have the terms mentioned or presented to me when someone offer me the bonus. You should really mention the casino name that might save others from doing the same mistake and I doubt any reputable casino will have such rule.

It is a very unusual requirement but I do not know if it is completely illegal. The casino has the right to make their own terms before they give out bonuses as long as it follows the consumer protection laws of the country and most importantly it should be transparent.

If they misguided you in any way, you should speak up and say the casino name but if not they can always say that it is legal even if it can be quite suspicious.

[Wexnident]

~

So it's not really a deposit bonus lol. Kinda sad how it's not only contracts that you have to read the fine print anymore. Possibly anything that involves a transaction, should be read and scrutinized. Well, I guess that's marketing for you. As long as it's in the borders of being legal they're going to 100% keep playing dirty to literally anyone and everyone they can possibly reach out to. Though tbf OP should've probably done their due diligence even with the manager possibly "reading" all about it. God knows when they'll fuck you up. Most, if not all, can easily be persuaded by money after all.