Is this Online Casino Bonus Fraud?

[BedWetterBettor]

So I received a deposit match bonus from my online betting app. I won’t post ALL the terms but it basically states they match your deposit up to $2000 and then there is a 15 times rollover requirement before you can cash out.

You can opt out at any time and you have 7 days to hit the rollover requirement.

They don’t allow sports bets to contribute and the way they count casino play towards the goal is slot play counts 100% towards the requirement, Blackjack & Roulette (live or automated) is 20% of your bet counts towards rollover and Baccarat counts 10% of your bet towards rollover.

So after running up $400 profit on table games, I started chunking it off on slots to get the most rollover credit. However, even playing $5 a spin, it would take 15 hours a day for 7 days to hit the 15 times rollover requirement!

Needles to say I’m not about to that! So I found a hack in automated Baccarat. By placing large $200-$400 bets on both banker and player, I can’t lose the hand no matter what and I only pay the commission of $10-$20 per banker win. This allowed me to complete the rollover in less than 6 hours over the course of two days!

But did I cheat the system or use it to my advantage. The rules Do Not specify you must wager each play on a win or lose scenario and their own system allows for bets to be placed on both sides. They also allow this on Roulette, but even with Euro roulette there is a still a risk of ruin if it lands on Green Zero just once!

So will the casino go back and view the betting history before letting me keep the deposit bonus or have I beat the system?

[nunbeater]

you beat the system

congrats!

[PositiveVariance]

If you don’t mind me asking how much did you profit?

Off the top, if Im understanding correctly, if 10% of your bet counts (90% doesn’t) the promotion playing Baccarat would be -EV


With a quick calculation, I find the promotion will cost over 2k in EV.

If you came out ahead, Congrats!



Edit: Messed up on the guess, see below.

[PositiveVariance]

$4,000 x 15x rollover = $60,000

For every $100 bet on Banker is costing $1.06
For every $100 bet on Player is costing $1.24
Average of the 2 bets is 1.16% or $1.16 per $100

For every $100 wagered you get credit for $10 wagered

60,000 / $10 = 6000 x $1.16 = $6,960

$6,960 - $4000 (Starting bankroll) = -$2,960

If I did it correct, it looks like -$2,960.
Can someone confirm?




EDIT: Shit, I just realized the rollover is on the 2k (30k instead of 60k) So yeah, it would be a slightly positive promotion

30k / $10 = 3,000 x $1.16 = $3,480

$4,000 - $3,480 = +$520

Worth $520 in EV

[Dan Druff]

Unfortunately, unless this online casino is licensed and regulated by the US, they make their own rules. If they say it's bonus fraud, then they will treat it as bonus fraud, and there's not much you can do.

In a US-regulated environment, you can go to that state's gaming commission and compel them to pay you.

If you can cash out, I would do it now, and don't continue playing there.

[dwai]

Unfortunately, unless this online casino is licensed and regulated by the US, they make their own rules. If they say it's bonus fraud, then they will treat it as bonus fraud, and there's not much you can do.

In a US-regulated environment, you can go to that state's gaming commission and compel them to pay you.

If you can cash out, I would do it now, and don't continue playing there.

CONSERVATIVE DRUFF HAS SPOKEN

[BedWetterBettor]

Sorry if this is old hat but I thought I’d update this!

So I was able to withdraw the winnings and it did hit my account in 2 days. However…

The betting app put a “review” on my account a week later for 3 full days and restricted my access the whole time. So I could not withdraw or deposit any money nor could I place bets. I had to send about 5 emails to which they surprisingly replied quickly to say “still under review”.

I inquired as to why, feigning ignorance on the real reason. They did not give a clarification, just the usual assurance that it should be available within 24 hours and is still under review! The 24 became 72 hours and even then they were dodgy when I asked it was reviewed for so long!

Sure enough, they offered another deposit match this weekend and I cleaned up on that one too! I would assume if they review the account again, the jig is up. But if they didn’t change it the first time, why would they bother now?

[TheXFactor]

Online casinos suck and are rigged against you.

Take out a second mortgage, move to New York and place some risk-free bets on sports.

The Can’t-Lose Betting Strategy That’s Taking the Gamble Out of Sports Gambling

Caesars, DraftKings, FanDuel, and others have been handing out untold millions in sign-up bonuses. Couponclipping types are playing them against each other to make risk-free bets.

https://www.bloomberg.com/news/featu...k-for-new-edge