Quote:
Originally Posted by sensei24  So in order to win that $300 bonus i must be up to the $8000 requirement.
So what happens to the rest $7600. It's given to you also??? |
Sensei, I'll answer you since no one else has. I've whored a few casino bonuses.
What he's saying is that the bonuses are:
bettable (meaning you can play with the bonus while you're clearing it).
cashable (meaning when you've cleared it, you can cash it out)
In casino play, bonuses are usually not bettable if they're cashable (until you've cleared it). The opposite is "sticky" bonuses which you can always bet but are never cashable (you can bet it and your wins from those bets are cashable).
and require a 20x D+B WR. In plain gobbledygook, that means that the wagering requirement (WR) is 20 times the amount of the deposit plus the bonus. 20x(deposit+bonus)=20x(100+300)=$8000
Here's how this would work:
you deposit $100. Instantly your account is $400, but you cannot cash out yet. You can cash your deposit, but if you do it early, you forfeit the bonus. Some places won't even allow you to cash the initial deposit until you've met requirements (and it's in the terms, so if you don't like it, don't go there).
Now you have $400 to wager. You go to blackjack (some sites do not allow blackjack to be used to clear a bonus, check carefully). You bet $2 per hand. After 100 hands, you've wagered $200. This is 1/40th of your wagering requirement. It would take you 4000 hands to clear at $2 per hand. Blackjack, if played correctly, is only a slight favorite for the house, so the theory is that you will either a) win a small amount plus clear your bonus, or b) lose a small amount playing but come out ahead because of the bonus.
I usually play 5 hands of blackjack at $4 per when clearing a casino. At fifty hands per hour X 5 spots at table X $4, I'm wagering $1000 per hour. I would clear this bonus in 8 hours, so $300/8 = $37 per hour. I may look this up!
Five hands reduces variance, but $4 per hand increases variance, so it's about the same as playing 2 or 3 hands at $2. I take a slightly higher risk at $4 per hand of a bad downswing, but it increases my hourly rate by so much that it's worth the risk.