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ilalandas19
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27 January 2011 - 4:23pm

big bonus or low wagering?

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Hi,
My name is Alan and as i am new in this business i have an important question.
I have noticed that many casinos tend to offer allot of bonuses but the wagering keeps changing from one another.
My question is this:
what do you think is better:

getting a big bonus on your money or a small one but with a low wagering and why?
Thanks,
Alan.

usUsne
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27 January 2011 - 4:27pm
#1

I would definitely say a small one with low wagering. Reason would be you can make the playthrough quicker without ridiculous wage requirements. Nothing is worse then hitting a couple of big wins only to find out you lost due to not meeting the WR.

ilalandas19
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27 January 2011 - 6:28pm
#2

well, i guess you are right in some reasons. in others i think that you can increase you cash and mybe play certain game with less risks and by that can win more money.
isnt it so?

rsCatFace
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27 January 2011 - 8:20pm
#3

Absolutely low wagering! What's worth if you have a $200 bonus when your wagering requirements are $10,000 or more? With low wagering reqs, you can reach them quicker and have more fun being sure that the money you're playing with is actually yours. Smile

auCL-Ed
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28 January 2011 - 12:10am
#4

Hi Alan, that is a good question. I'd like a huge bonus with low wagering requirements lol

But that doesn't happen very often!

I also agree that low wagering requirements are more favourable than a huge bonus. Mathematically I can show you why a smaller wagering requirement is better. In order to rank bonuses on this site we use a formula which includes lots of different factors in ranking the bonuses. One of the things we do is work out how much you could be expected to win or lose with a bonus on average. This is called the expected value (or EV).

As long as we know the wagering requirements as a multiple of the bonus (eg 100xB or 20xB), then the actual bonus percentage or amount is irrelevant, and the EV as a multiple of the bonus can be calculated with this formula:

EV = 1 - (WR - (WR * PR))

where WR = wagering requirement and PR = payout rate of the game

Here are a couple of examples:

1. a bonus with 100xB wagering on slots with average 95% payout rate:
1 - (100 - (100 * 0.95)) = -4

This means on average you would expect to lose 4x the bonus by completing the wagering.

2. a bonus with 20xB wagering on slots with average 95% payout rate:
1 - (20 - (20 * 0.95)) = 0

This means on average you would expect to break even by completing the wagering.

3. a bonus with 40xB wagering on blackjack with average 99.5% payout rate:
1 - (40 - (40 * 0.995)) = 0.8

This means on average you would expect to keep 80% of the bonus by completing the wagering.

Of course averages calculated using this formula are only theoretical and your results will inevitably vary depending on which games you play, your luck on the day etc, but they give a good indication of the relative value of a bonus. And there are lots of other things we take into account when ranking them as well - the quality of the casino (no use getting a super bonus at a casino that won't pay you), whether the bonus is cashable or used for wagering only, which games are allowed plus a few other things.

alandas19 wrote:

well, i guess you are right in some reasons. in others i think that you can increase you cash and mybe play certain game with less risks and by that can win more money.
isnt it so?

You can increase the EV for example on a silly high 3000% non-cashable bonus by changing your betting strategy. Strangely enough, the larger your bet size the higher the EV. So the idea is to bet as big as possible from the start and when you hit a big win then you change your bet size to a small amount to reduce variance and "grind" out the rest of the wagering. However be careful as many casinos limit the bet sizes when you claim such bonuses, and doing this can get you banned and/or winnings confiscated at many less reputable casinos - which are generally the only ones offering those deals.

1 member gave thanks for this useful post: CatFace

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ilalandas19
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29 January 2011 - 10:44am
#5

Thanks guy, i have learned a lot from this!

auCL-Ed
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29 January 2011 - 12:54pm
#6

You're welcome!

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ushope777
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29 January 2011 - 8:18pm
#7

I, too, learned a lot. But I am still confused about the bonus thing, the chip thing, and the smartest way to actually make some money from these bonuses. I don';t have the TIME I would love to have to come here and "play" (not just machines but interacting in the forums is what I mean here, lol) more often. Sad

Probably just need a little more time to read and study...and to be able to do so slowly enough for this all to sink in. I know it is not rocket science, but I still feel like such a newbie when it comes to actually making a few bucks. lol

Hope777

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auCL-Ed
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30 January 2011 - 12:32am
#8

The best thing you can do is look for bonuses with a low wagering requirement - personally I won't waste my time with anything bigger than 30x the bonus amount.

As you can see from the example above 20xB on slots is a rough average break-even point - if you can find a bonus around that mark or lower at a good casino then snap it up!

The bonuses menu at the top of the page has links to lists for various different games that can help you. eg:
Best online slots bonuses

One thing to remember is that casinos will often express their wagering requirements like "20x (bonus + deposit)". That is not the same as 20x the bonus. For example on a 100% bonus it is equivalent to 40xB. But on a 200% bonus it is the same as 30xB. So that is why we convert everything into just one set of units (multiple of the bonus), to make everything easily comparable.

If its all too confusing consider playing without a bonus. At least then if you have a big win on your 10th spin you can withdraw it any time you like and there is no chance of running afoul of some obscure clause in the bonus terms and conditions.

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

ushope777
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30 January 2011 - 4:33am
#9

More great info, and thanks, again!
I always wondered if you can ever claim the bonus or the type of bonus where you get the amount to try to increase it then cash out WITHOUT making a deposit? Do you just have to sign up for a real money account, but not necessarily put any money in it yet if you just want to play with the chip or whatever? I am going to check out the link when I get a little more time. So, do people make money like this: just going around and collecting bonuses or do you have to pay money to make the money? Sorry if that doesn't make sense. Not much sleep lately, lol. Miss posting more here, but a really busy time at work. When I meet all my deadlines, I think I will have to dream up a reward....hmmmmm....possibly a night of gambling on the couch! lol! Wink

Hope777

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auCL-Ed
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30 January 2011 - 9:41pm
#10

There are different types of bonuses.

A "no deposit bonus" (aka "free chip") does not require any money to be deposited. However most of these bonuses have the winnings capped - eg you might get $50 free but the most you can withdraw is $100. They also usually have fairly high wagering requirements.

Then you have deposit bonuses - eg 100% up to $100. This is where the casino gives you some extra money to play with based on the amount you deposit.

I recommend you have a read through this articles for beginners. It explains the different types of bonuses.
Beginner's Guide to Casino Bonuses

You can make money by playing at lots of different casinos and claiming their bonuses (its actually how I ended up trying half the casinos on this site). It is hard to win a lot on free chips, but selecting good deposit bonuses with low wagering requirements is the way to go. The bonus can actually counter the casino's house edge and put the odds in your favour if you select one with the right wagering requirements. However to be fair, such bonuses are getting more and more rare these days as casinos try to protect themselves from smart players.

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ushope777
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30 January 2011 - 11:14pm
#11

Thank you for giving me something to come back and study. So helpful, as always! I have tons of work deadlines to meet right now, but you can bet I will be back to study and learn. Smile
Thanks, again!

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

ilalandas19
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7 February 2011 - 9:25am
#12

Guys, thanks for all the info. i have learned allot!!!

ushighroller
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21 February 2011 - 6:27pm
#13

alandas19 - It depends. are you a gambler or just looking for bonuses?....I myself don't give a hoot about a welcome bonus...I prefer that the casino has the ability to comp me appropriately...If I feel like I'm being looked after like I would be at a land based casino and they understand what I like to play and gear their offers to my likings I'm super happy....hope this helps

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auCL-Ed
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21 February 2011 - 11:08pm
#14

That is an excellent point highroller, especially for regular players. Different casinos pay different comp rates, and they almost always vary depending on what game you play too. So finding the best comp point rates for your preferred game is also a good way of getting that little bit of extra value out of your deposits.

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Every comment you make in our forum earns you CLchips which can be used to buy real prizes in our CLchips shop!

gbtamiafoster
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29 April 2011 - 6:43am
#15

I am not a professional gambler yet, and I'm starting to learn lots of casino games available today. When I gamble, I choose low wagering rather than big bonuses. It's better to start from small than to lose huge amount of money in playing casino.

usUsne
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29 April 2011 - 3:24pm
#16

What is your game tamia? Since you have interest in being a professional player i'm assuming poker? I agree with you on the smaller and lower wagering deposits

mrSophia
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5 August 2011 - 7:28pm
#17
Usne wrote:

I would definitely say a small one with low wagering. Reason would be you can make the playthrough quicker without ridiculous wage requirements. Nothing is worse then hitting a couple of big wins only to find out you lost due to not meeting the WR.

I agreee Usne, there is nothing worse indeed.

I too prefer a small one with low wagering, more convenient. good question indeed.

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