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caEric Luo
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20 February 2016 - 8:04pm

Good casinos with cancellation bonuses?

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Hi CL-friends, I am looking for a casino where there are cancellation bonuses. What that means is they give you a % match bonus if you reverse your withdrawal. Has anyone heard of these types of mystical bonuses?

krcoolsongss
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22 February 2016 - 10:07am
#1

Hi, Eric Luo,

I am a little confused about "reverse your withdrawal" above.

As I understand the Bonus Cancellation, it means that you firstly deposit with Match Bonus and then, if you win some good money at the early stage, you can withdraw the winnings just by cancelling bonus...

This type of Bonus Cancellation is the same with what you mean ??

caEric Luo
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23 February 2016 - 12:53am
#2

no, it's like when I win money and withdraw, Iwaited for a day and want to play again without using my credit/debit card, so i reverse the withdrawal, then the casino gives you a bonus with x amount of WR you have to complete.

krcoolsongss
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23 February 2016 - 3:35am
#3

I see. I don't know about that kind of bonuses for reverse.

auCL-Ed
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23 February 2016 - 4:45am
#4

These sorts of reversal bonuses are a little controversial and I don't like them myself. The reason is they are used as incentives to tempt players not to withdraw and hopefully (from the casino's POV) lose their winnings. So most casinos in regulated jurisdictions can't or don't offer them.

You are more likely to find them at RTG or other casinos operating in basically unlicensed places. We don't have a list as we have never bothered recording them in our database. That is because most players don't like them and the casinos that do have them don't advertise the fact (because they are used for not so honourable reasons). I think you might be the first person I have seen actually asking for one of these bonuses!

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krcoolsongss
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24 February 2016 - 1:25pm
#5

Hi, I thought that getting another bonus for reversed withdrawal was not a good idea.

But, on second thought, you might make multiple withdrawals in smaller amount. So, if you are winning good with the games, you want to reverse one or two small withdrawal to play it again...

Is my guess correct ?? Smile

caEric Luo
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24 February 2016 - 5:20pm
#6

Yes coolsongs, especially if you hit a big win and can't resist to keep winning Money

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inStanRogers
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24 February 2016 - 8:39pm
#7

Hey, thanks for putting before the question Even I was having a confusion regarding the cancellation bonuses. If anybody could make me understand the entire criteria as it is still not clear to me!!!

rubetty
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26 February 2016 - 9:19pm
#8

I did a few google searches but I wasn't able to scout any casinos that advertise "cancellation bonuses"
Is it a myth or a well-hidden secret?

rubetty
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26 February 2016 - 9:21pm
#9

Upon further search, I found this information:

Quote:

The online casinos of the Rushmore group offer this bonus. These online casinos are Rushmore Casino, Cherry Red Casino and Slots Oasis Casino. The bonus is called Winner's Bonus at these online casinos and is 40% of the reverse withdrawal amount. The bonus has certain terms and conditions, which are described below. The Winner's Bonus must be redeemed immediately after canceling a pending withdrawal request and before wagering on any games or making any new deposits. The Winner's Bonus is a play bonus. This means that after the wagering requirements are complete only the winnings can be cashed and not the bonus itself. Until the wagering requirements are complete the player cannot request a new withdrawal or make a new deposit. At the Rushmore group online casinos the wagering requirements are 20 times the bonus and the amount of the reverse withdrawal. Wagers on Blackjack, Video Poker, or Multi Hand Poker will contribute one third of their original value towards wagering requirements. Wagers on Roulette, Craps, Baccarat, and Pai Gow Poker not only do not count towards wagering requirements but will also void all winnings generated from this promotion.

Reverse withdrawals is not something players must request casually. The only time players should really be making a reverse withdrawal is when they have made the withdrawal request in error. Merely the availability of this bonus does not justify a reverse withdrawal request. However if a reverse withdrawal request has to be made and the bonus is available then it can be redeemed.

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auCL-Ed
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1 March 2016 - 12:06am
#10

Watch out for those ones. Rushmore and its sister casinos are run by a very dodgy operator that simply stopped paying players when it ran out of money but kept the casinos open in an effort to suck new players in and defraud them of their money too. They are on our blacklist.

In fact, I thought they had gone bankrupt and shut down.

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caEric Luo
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1 March 2016 - 5:51pm
#11

dang, mb this topic is contradictory

inStanRogers
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5 March 2016 - 7:40pm
#12

Hey. Thanks for updating. Quite useful information!

rubetty
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26 March 2016 - 11:05am
#13
CL-Ed wrote:

Watch out for those ones. Rushmore and its sister casinos are run by a very dodgy operator that simply stopped paying players when it ran out of money but kept the casinos open in an effort to suck new players in and defraud them of their money too. They are on our blacklist.

In fact, I thought they had gone bankrupt and shut down.

I think that's because they have shady policies like reverse withdraw bonuses.... In general not a good idea

ushope777
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26 March 2016 - 3:49pm
#14

Cash O Lot Casino has the withdrawal reverse bonuses, although that is what irritates me (and actually makes me angry - Like CL-Ed, I do not agree with these types of bonuses, either) about Cash O Lot, along with their ridiculous math bonuses that may look tempting to players who do not know any better, but then they have impossible play through requirements. I do trust them as far as paying when you win, and their customer service has been positive. However, I would never take more than a 200% match bonus there.

You can basically obtain match bonuses without reversing your withdrawal, though, so why not "take the money and run," then redeposit with a match bonus and win again? That is what I would do, but that is just my opinion.

I am playing at Cash O'Lot right now, because they offered me a "free" 10 dollars with a 100 dollars max cash out, and I did have fun playing and lasted quite a long time, hovering around the 70 to 80 dollar amount for my balance, but I am now down to my original 10 bucks. lol I am not sure of the play through on this offer.

Anyway, if that is what you are looking for, Cash O Lot is a reliable casino. If this casino was already mentioned above, I apologize. I did not have time read all the response.

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