Free Money
Posted by: matthewr on 16 November 2004
Gentlemen,
Welcome to the world of Bonus Whoring -- the art of taking legitimate advantage of sign-up and reload offers from online casinos to accrue as much bonus money as possible with virtually no risk to yourself.
As an ideal first bonus opportunity, I would recommend the Reef Club $200 100% Signup Bonus. Here’s how it works:
-- Go to http://www.reefclubcasino.com/ and download and install their casino software.
-- Deposit $200 (US) via one of the various methods.
-- Under the terms of the signup bonus you will get a bonus of 100% of your deposit. i.e. $200.
-- In order to withdraw this bonus you need to meet the “wagering requirement” (WR) which in this case is to bet 10x the amount of the bonus or $2000.
-- The safest way to meet this requirement is to play Blackjack which with appropriate strategy has a house edge of about 1.5% (IIRC).
-- Therefore if you play Blackjack at $5 per hand you need to play at most 200 hands (actually less because you will double down and split a few times). This will take about 1.5 to 2 hours depending on how quickly you play.
-- Your Expected Value (EV) is about $194. That is once you have wagered a total of $2000 via this method you will, on average, have $394 you can withdraw for a profit of $194 (or about £104 GBP).
-- That’s 100 quid profit for no more than a couple of hours of playing cards. Woo! Yay!
Those of you who subscribe to my Intelligent Wagering Bulletin (currently on special discount offer at a mere $10,000 a month) will no doubt be excitedly squirming in your seats shouting “Me Sir! Me Sir!” just dying to ask “Ok so that’s +$194 EV but what’s my Standard Deviation?”.
Or, in plain English, the sharp-eyed amongst you have spotted that the $194 is “on average” and will want to know how likely it is that you will win rather less than this. In a nutshell, provided you pay optimal strategy (see below) and stick to low value bets, you would have to suffer an extraordinary run of terrible luck not to make at least some money. I.e. the “risk of ruin” of losing more than $200 before you get the bonus is very small (I don’t have an exact figure). The single most likely outcome is that you will profit by $194. If 10 people did this most of them would make a small profit or loss on the wagering (and therefore an overall profit with the bonus). A small number will make a larger profit or loss on the wagering.
For the statistically minded the SD on $5 per hand is $81.32. That is 2/3rds of all results will show a final balance of between $115.08 and $277.72 (+ the $200 bonus).
For optimal strategy for the house rules at Reef Club, refer to the following chart:
Basically you find your hand on the left hand column and cross reference this with the dealers exposed card across the top row and that tells you want to do. S = Stay (“Stick” for UK readers), H=Hit me (“Twist”), D = Double Down (i.e. double the bet and get one more card), P = Split (i.e. split pairs into two hands and play both against the dealer for an extra bet).
The leftmost chart is for “hard” hands which are those without an Ace. E.g. 10,7 = H17; 9,6 = H15, etc. The second chart is for hands with Aces, the third for pairs.
For complete BlackJack newbs, note that you should never take "insurance". In a 4 deck hand it has a house edge of about 7.26%.
A few more notes:
You can count bets with a pen and paper so you know how far you are towards clearing the bonus. However, you can also check your “comp points” in the cashier section of the software. $10 wagering = 1pt so you need 200 pts to meet the £2000 requirement. Therefore it’s easier to play for an hour or so then check the total and count from there.
You can lower your variance by betting for less than $5 a time but obviously it takes a lot longer. i.e. at $1 per hand it’s going to take about 10 hours. You will lower your variance accordingly, but your hourly rate is about £10 EV rather than £50 EV.
Note that Bacarat and Roulette are specifically excluded from WR to prevent you placing bets with miniscule risk. Blackjack with the strategy described above is the most profitable way to do this.
UK customers can deposit via Switch (and possibly other debit cards) which gets you another $40 in bonus. I think this bonus has a wagering requirement of x5 so you need to bet another $200 or 40 more hands. (That is my understanding – I did this bonus from a VISA card which doesn’t offer this extra bonus).
On some Tuesday’s (inc. today) they do a “Treasure Hunt Bonus” which gives you another $25 if you play at least 200 hands at >$3. So you could in theory clear the original bonus only across two Tuesdays for another $100.
Cashouts are via wire transfer or bank draft and take “several working days”. This is pure huckster behaviour on their part but they will pay up eventually. And remember you just took them for $194 EV.
If you deposit via a credit card you are meant to cash out back to the same card for at least the original amount and the remainder via draft/wire.
If you deposit, play the minimum requirement and withdraw all in one day they may mark you as a “Bonus Abuser” which is likely to prevent you from further play at the casino or entitlement to other bonuses. As further play in –EV this is not really a problem. You will still get your cash though.
After meeting the WR I had to exit the casino software and log in again to get the bonus to register as cleared (a little pop-up should appear and your total increase). Make sure you do this once your cashier is showing 200 comp pts an then if it doesn't appear send them an e-mail.
Some people (mainly those who signed up via affiliates) only got a $40 deposit bonus. If this happens an e-mail will get you the rest of it -- do this before you starting playing though. You should see the $200 bonus in your cashier statement.
Originally this bonus had a WR of 5x bonus amount although it now appears to have changed to 10x as described above (Obviously 5x is much better as it takes less time and the SD is lower). There is some confusion on this point though so it might be worth exiting and restarting the casino software when you hit 100 comp points just in case they changed it again.
There are lots of places you can do this sort of thing -- including Reef’s sister site http://www.casino-on-net.com/ which has an identical offer with a 10x WR – although it has to be said that Blackjack is a *very* dull game and most people’s personal boredom threshold is reached well inside the single 2 hour session required for this bonus.
Beyond that committed whores need to learn to play Poker. It’s a great game and there is enough whoring opportunity out there that break even Hold Em players can earn at least £200 a month in bonuses. For a fee of ONE MILLION POUNDS I can teach you to play break even poker.
Finally the usual *** IMPORTANT HEALTH WARNING *** whilst the above is to the best of my knowledge correct, like all gambling you can lose your money so you do this at your own risk and do not do this with money you cannot afford to lose. Your maximum loss is of course $200.
Good luck.
Matthew
Welcome to the world of Bonus Whoring -- the art of taking legitimate advantage of sign-up and reload offers from online casinos to accrue as much bonus money as possible with virtually no risk to yourself.
As an ideal first bonus opportunity, I would recommend the Reef Club $200 100% Signup Bonus. Here’s how it works:
-- Go to http://www.reefclubcasino.com/ and download and install their casino software.
-- Deposit $200 (US) via one of the various methods.
-- Under the terms of the signup bonus you will get a bonus of 100% of your deposit. i.e. $200.
-- In order to withdraw this bonus you need to meet the “wagering requirement” (WR) which in this case is to bet 10x the amount of the bonus or $2000.
-- The safest way to meet this requirement is to play Blackjack which with appropriate strategy has a house edge of about 1.5% (IIRC).
-- Therefore if you play Blackjack at $5 per hand you need to play at most 200 hands (actually less because you will double down and split a few times). This will take about 1.5 to 2 hours depending on how quickly you play.
-- Your Expected Value (EV) is about $194. That is once you have wagered a total of $2000 via this method you will, on average, have $394 you can withdraw for a profit of $194 (or about £104 GBP).
-- That’s 100 quid profit for no more than a couple of hours of playing cards. Woo! Yay!
Those of you who subscribe to my Intelligent Wagering Bulletin (currently on special discount offer at a mere $10,000 a month) will no doubt be excitedly squirming in your seats shouting “Me Sir! Me Sir!” just dying to ask “Ok so that’s +$194 EV but what’s my Standard Deviation?”.
Or, in plain English, the sharp-eyed amongst you have spotted that the $194 is “on average” and will want to know how likely it is that you will win rather less than this. In a nutshell, provided you pay optimal strategy (see below) and stick to low value bets, you would have to suffer an extraordinary run of terrible luck not to make at least some money. I.e. the “risk of ruin” of losing more than $200 before you get the bonus is very small (I don’t have an exact figure). The single most likely outcome is that you will profit by $194. If 10 people did this most of them would make a small profit or loss on the wagering (and therefore an overall profit with the bonus). A small number will make a larger profit or loss on the wagering.
For the statistically minded the SD on $5 per hand is $81.32. That is 2/3rds of all results will show a final balance of between $115.08 and $277.72 (+ the $200 bonus).
For optimal strategy for the house rules at Reef Club, refer to the following chart:
Basically you find your hand on the left hand column and cross reference this with the dealers exposed card across the top row and that tells you want to do. S = Stay (“Stick” for UK readers), H=Hit me (“Twist”), D = Double Down (i.e. double the bet and get one more card), P = Split (i.e. split pairs into two hands and play both against the dealer for an extra bet).
The leftmost chart is for “hard” hands which are those without an Ace. E.g. 10,7 = H17; 9,6 = H15, etc. The second chart is for hands with Aces, the third for pairs.
For complete BlackJack newbs, note that you should never take "insurance". In a 4 deck hand it has a house edge of about 7.26%.
A few more notes:
You can count bets with a pen and paper so you know how far you are towards clearing the bonus. However, you can also check your “comp points” in the cashier section of the software. $10 wagering = 1pt so you need 200 pts to meet the £2000 requirement. Therefore it’s easier to play for an hour or so then check the total and count from there.
You can lower your variance by betting for less than $5 a time but obviously it takes a lot longer. i.e. at $1 per hand it’s going to take about 10 hours. You will lower your variance accordingly, but your hourly rate is about £10 EV rather than £50 EV.
Note that Bacarat and Roulette are specifically excluded from WR to prevent you placing bets with miniscule risk. Blackjack with the strategy described above is the most profitable way to do this.
UK customers can deposit via Switch (and possibly other debit cards) which gets you another $40 in bonus. I think this bonus has a wagering requirement of x5 so you need to bet another $200 or 40 more hands. (That is my understanding – I did this bonus from a VISA card which doesn’t offer this extra bonus).
On some Tuesday’s (inc. today) they do a “Treasure Hunt Bonus” which gives you another $25 if you play at least 200 hands at >$3. So you could in theory clear the original bonus only across two Tuesdays for another $100.
Cashouts are via wire transfer or bank draft and take “several working days”. This is pure huckster behaviour on their part but they will pay up eventually. And remember you just took them for $194 EV.
If you deposit via a credit card you are meant to cash out back to the same card for at least the original amount and the remainder via draft/wire.
If you deposit, play the minimum requirement and withdraw all in one day they may mark you as a “Bonus Abuser” which is likely to prevent you from further play at the casino or entitlement to other bonuses. As further play in –EV this is not really a problem. You will still get your cash though.
After meeting the WR I had to exit the casino software and log in again to get the bonus to register as cleared (a little pop-up should appear and your total increase). Make sure you do this once your cashier is showing 200 comp pts an then if it doesn't appear send them an e-mail.
Some people (mainly those who signed up via affiliates) only got a $40 deposit bonus. If this happens an e-mail will get you the rest of it -- do this before you starting playing though. You should see the $200 bonus in your cashier statement.
Originally this bonus had a WR of 5x bonus amount although it now appears to have changed to 10x as described above (Obviously 5x is much better as it takes less time and the SD is lower). There is some confusion on this point though so it might be worth exiting and restarting the casino software when you hit 100 comp points just in case they changed it again.
There are lots of places you can do this sort of thing -- including Reef’s sister site http://www.casino-on-net.com/ which has an identical offer with a 10x WR – although it has to be said that Blackjack is a *very* dull game and most people’s personal boredom threshold is reached well inside the single 2 hour session required for this bonus.
Beyond that committed whores need to learn to play Poker. It’s a great game and there is enough whoring opportunity out there that break even Hold Em players can earn at least £200 a month in bonuses. For a fee of ONE MILLION POUNDS I can teach you to play break even poker.
Finally the usual *** IMPORTANT HEALTH WARNING *** whilst the above is to the best of my knowledge correct, like all gambling you can lose your money so you do this at your own risk and do not do this with money you cannot afford to lose. Your maximum loss is of course $200.
Good luck.
Matthew
Gary -- The theory is that most people sign up then probably lose as most people are terrible at gambling games. Some people then stick around and play more, and lose more. It's basically a loss leader.
Poker sites are even more exploitable and I now basically get paid about £15 an hour to play (for about the 10 to 15 hours I play a month).
Omer -- There is a large community of casino whores out there. Just google on "filthy whores who want it bad" and you'll get lots of hits
Matthew
Poker sites are even more exploitable and I now basically get paid about £15 an hour to play (for about the 10 to 15 hours I play a month).
Omer -- There is a large community of casino whores out there. Just google on "filthy whores who want it bad" and you'll get lots of hits
Matthew