Monday, December 20, 2010

Types of Casino Bonuses

There are many types of casino bonuses. The simplest is a cashable bonus with a wagering requirement. For example, a casino might offer a $200 sign-up bonus with a 25x bonus wagering requirement. The total wagering requirement is $200x25 = $5000. This $5000 wagering requirement can be done in 5000 $1 bets, 500 $10 bets, 50 $100 bets, or any other combination. A player is expected to lose an average of ~0.5% of their wager playing blackjack, so expected loss over the $5000 wagering is $5000x0.5% = $25. This leaves $175 of the $200 bonus as cashable profit.
A "sticky" bonus also has a wagering requirement. However, unlike cashable bonuses, a sticky bonus can never be withdrawn. It can only be used to place wagers. You generally play your cash balance first. If your cash balance drops to zero, you can continue playing using the sticky bonus.
Most Microgaming casinos use a variation of the "Clearplay" bonus system. Under traditional implementation, you can play all casino games and withdraw your winnings at any time, whether you have met the wagering requirements on the bonus or not. Wagering requirements are increased for blackjack, so there are different strategies and recommended games than with typical cashable bonuses.
Free Play & Free Spins bonuses are also unique to Microgaming. After signing up at the casino, you are given money to play the casino games without making a deposit. Your free play winnings are credited as a bonus with your first deposit.

 In a short time I will publish the first 3 casino's plus the strategy so we can make some money :)

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