Casino Bonuses
Many online casinos offer signup bonuses to new players making their first deposit. These bonuses normally match a percentage of the player's deposit with a dollar maximum, and almost all online casino signup bonuses require a minimum amount of wagering before allowing a cash out. Gameplay at specific casino games might be excluded from the wagering requirement calculation.
For this particular example, this would mean that a player depositing $100 would start with $200 in his account. The player must make $5000 ($200 * 25) in wagers before being allowed to make a withdrawal.
Advantage play in casino signup bonus situations is mathematically possible. For example, the house edge in blackjack is roughly 0.5%. In the example above, $5000 in wagering with a house edge of 0.5% will result in an expected loss of $25. Since the player received a $100 signup bonus, the player has an expected profit of $75.
Advantage players who use bonus offers for an expected profit are often called "bonus hunters", "bonus abusers", "bonus baggers", "bonus whores" and "casino scalpers". Some online casinos have restrictions regarding "the spirit of the bonus offer" which they sometimes use as a deterrent to what they consider "bonus abuse".
A player who wishes to do this at a large number of online casinos must be careful. Some casinos are rogues (see below) and do not pay. Others have terms and conditions that are not favorable to the player, such as most bonuses that are restricted to slots.
SOURCE: http://en.wikipedia.org/wiki/Online_casino
|