Comments on: How do online casinos allow you to use £300 free. Dont they lose a huge amount of money on this kind of promo http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/ The skinny on online poker rooms - blog Fri, 10 Feb 2012 04:50:07 +0000 http://wordpress.org/?v=2.7 hourly 1 By: choo_hoo http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-328 choo_hoo Sat, 10 May 2008 23:33:44 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-328 The free money they give you is just a lure to get you to use your credit card. and once you start playing, that credit card sure is heading to the collection agency..... Unless you get lucky and win the jackpot.... The free money they give you is just a lure to get you to use your credit card. and once you start playing, that credit card sure is heading to the collection agency….. Unless you get lucky and win the jackpot….

]]> By: roaringlion http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-327 roaringlion Sat, 10 May 2008 12:15:39 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-327 Chances are that if you use the £300 and start gambling, you're going to lose much more than that amount. The odds are always stacked against you. That's why casinos, online or otherwise always earn tons of money. No casino has ever gone bankrupt. What does that tell you ? Chances are that if you use the £300 and start gambling, you’re going to lose much more than that amount. The odds are always stacked against you. That’s why casinos, online or otherwise always earn tons of money. No casino has ever gone bankrupt. What does that tell you ?

]]> By: Paul http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-326 Paul Wed, 07 May 2008 14:32:11 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-326 The reason they do this isn't because they enjoy playing Santa Claus with their customers - it's simply so that you'll join their site, play their games, and then carry on playing. It's a competitive marketplace and the casinos will do everything they can to get you onboard and then keep you onboard. You can be assured that they know exactly how much the average player is worth to them. Here's a cool piece of software you might find interesting... You can use it play perfect blackjack and clear out those bonuses :-) The reason they do this isn’t because they enjoy playing Santa Claus with their customers - it’s simply so that you’ll join their site, play their games, and then carry on playing.

It’s a competitive marketplace and the casinos will do everything they can to get you onboard and then keep you onboard. You can be assured that they know exactly how much the average player is worth to them.

Here’s a cool piece of software you might find interesting…

You can use it play perfect blackjack and clear out those bonuses :-)

]]> By: samoan3d http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-325 samoan3d Tue, 06 May 2008 13:00:06 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-325 The way these bonuses work is that they offer you a bonus, but they have certain requirements to withdraw the bonus. For instance, they might offer a 100% bonus up to $300 with a 25X WR (wager requirement). This means if you deposit $300, then you will have $600 to play with. But you must wager a total of $15000 before you can withdraw. This seems like a lot, but it really isn't. You wouldn't wager the entire amount at once, but maybe in $10 increments. So, you need to place 1500 bets. Over this time, you will most likely lose money because of the house edge. The idea is that bad players will lose the bonus by the time they have completed the WR. The hope is that good players will enjoy the experience and keep playing. This is not a fail-proof plan for the casinos. It is an overall good promotion for them because it does bring in a lot of business. However, there are people they call "bonus abusers" or "bonus hunters" who seek out good bonuses, deposit and clear the bonus using perfect strategy BJ for example, and then withdraw the profits. The online casinos have to do this because of the amount of competition there is online. Land-based casinos have the advantage of geography to limit competition. Land-based casinos can also offer comps like rooms and meals. The only thing an online casino can offer is money. The way these bonuses work is that they offer you a bonus, but they have certain requirements to withdraw the bonus. For instance, they might offer a 100% bonus up to $300 with a 25X WR (wager requirement). This means if you deposit $300, then you will have $600 to play with. But you must wager a total of $15000 before you can withdraw. This seems like a lot, but it really isn’t. You wouldn’t wager the entire amount at once, but maybe in $10 increments. So, you need to place 1500 bets. Over this time, you will most likely lose money because of the house edge. The idea is that bad players will lose the bonus by the time they have completed the WR. The hope is that good players will enjoy the experience and keep playing.

This is not a fail-proof plan for the casinos. It is an overall good promotion for them because it does bring in a lot of business. However, there are people they call “bonus abusers” or “bonus hunters” who seek out good bonuses, deposit and clear the bonus using perfect strategy BJ for example, and then withdraw the profits.

The online casinos have to do this because of the amount of competition there is online. Land-based casinos have the advantage of geography to limit competition. Land-based casinos can also offer comps like rooms and meals. The only thing an online casino can offer is money.

]]> By: Madasia http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-324 Madasia Mon, 05 May 2008 12:53:17 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-324 On average, the casinos will make more money if they give you some money to play with. The theory is that if you try it with their money, you will enjoy it and continue to play with your own. Some people do not, but a majority end of playing for a while and earning the casinos money. It's a basic advertising strategy that works well. M. On average, the casinos will make more money if they give you some money to play with. The theory is that if you try it with their money, you will enjoy it and continue to play with your own. Some people do not, but a majority end of playing for a while and earning the casinos money. It’s a basic advertising strategy that works well.

M.

]]> By: gwhiz1052 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-323 gwhiz1052 Fri, 02 May 2008 14:27:40 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-323 There are many legit sites that offer even 500 free,but you can't cash out.If you win on the free money You must deposit 50.00 and they will add only 200. that is max to your account you then have to play through 30 times deposit and bonus before you can cash out.that is 7500.00 before you can cash even Your 50. they don't lose anything ever. There are many legit sites that offer even 500 free,but you can’t cash out.If you win on the free money You must deposit 50.00 and they will add only 200. that is max to your account you then have to play through 30 times deposit and bonus before you can cash out.that is 7500.00 before you can cash even Your 50. they don’t lose anything ever.

]]> By: bluezoneyaris http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-322 bluezoneyaris Thu, 01 May 2008 07:31:41 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-322 The site you mention has been banned by several banks, yahoo and google. They are full of viruses that crash your computer. The site you mention has been banned by several banks, yahoo and google. They are full of viruses that crash your computer.

]]> By: Sally S http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-321 Sally S Wed, 30 Apr 2008 14:49:56 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-321 It depends. If you do the best bonuses listed on a site like you can cost the casino a lot of money. But many casinos have very difficult to clear bonuses, so if you don't follow those reviews you won't really cause the casinos to lose money. Most people don't follow those guides, so the casinos don't lose much even from the good bonuses. The number of players who deposit, clear a bonus and leave is pretty small. It depends. If you do the best bonuses listed on a site like you can cost the casino a lot of money. But many casinos have very difficult to clear bonuses, so if you don’t follow those reviews you won’t really cause the casinos to lose money.

Most people don’t follow those guides, so the casinos don’t lose much even from the good bonuses. The number of players who deposit, clear a bonus and leave is pretty small.

]]> By: Rich Z http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/comment-page-1/#comment-320 Rich Z Wed, 30 Apr 2008 02:48:30 +0000 http://www.pokerroomskinny.com/gambling/how-do-online-casinos-allow-you-to-use-300-free-dont-they-lose-a-huge-amount-of-money-on-this-kind-of-promo/#comment-320 Casinos never lose money. Giving you that initial free cash is like a dope dealer giving a free sample to a druggie. They know that customer is coming back and paying the next time. Casinos never lose money. Giving you that initial free cash is like a dope dealer giving a free sample to a druggie. They know that customer is coming back and paying the next time.

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