Bonus' is a losing proposition

GREENHEAD · Sep 10, 2005

Everyone has there opinion on bonus'.Most if not all on this sight look,thrive,beg ,ask for them.I on the other hand dont ever want them.Here is an example:
I opened up an account with one of the advertisers on top.Awesome CS,layout,everything.Played for 2 weeks won a couple dimes asked for a withdrawl.They said I needed to play alot more for the bonus they gave me.I told them to keep the bonus and go ahead with the withdrawl.They did as told, and I got my withdrawl.No problems.
Now if I wanted that 500 bonus I would of had to give them like 15 dimes of more action.Thats where the trap is.The action will get you.The rollover catches up to you.
People the name of the game is COLLECTING AND WINNING.When you win collect, dont try to complete your rollover to get your bonus.When you win for the week call them up and ask for a withdrawl or else your winings and bonus will be down to zero.Just my opinion-good luck this weekend.PS if you win this weekend make a withdrawl

Fishhead · Sep 10, 2005

GREENHEAD-- The facts are this, bonuses are a pure GIFT for those individuals that know how to handle them.

SportSavant · Sep 10, 2005

Fishhead said:
GREENHEAD-- The facts are this, bonuses are a pure GIFT for those individuals that know how to handle them.

gotta agree with fishy here, rollovers come to me fast & easy, (if you know what u r doing)

kermit16 · Sep 10, 2005

GREENHEAD said:
Everyone has there opinion on bonus'.Most if not all on this sight look,thrive,beg ,ask for them.I on the other hand dont ever want them.Here is an example:
I opened up an account with one of the advertisers on top.Awesome CS,layout,everything.Played for 2 weeks won a couple dimes asked for a withdrawl.They said I needed to play alot more for the bonus they gave me.I told them to keep the bonus and go ahead with the withdrawl.They did as told, and I got my withdrawl.No problems.
Now if I wanted that 500 bonus I would of had to give them like 15 dimes of more action.Thats where the trap is.The action will get you.The rollover catches up to you.
People the name of the game is COLLECTING AND WINNING.When you win collect, dont try to complete your rollover to get your bonus.When you win for the week call them up and ask for a withdrawl or else your winings and bonus will be down to zero.Just my opinion-good luck this weekend.PS if you win this weekend make a withdrawl

Your balance will never go down to zero if you can pick over 54 % of games correctly. What you are just saying is that over the long haul.... you are a person the Sportsbooks love to deal with... You lose ! If you can pick over 54 % .... the bonus just adds to your already rising pot ! Simple... isn't it ! :103631605

TANG · Sep 10, 2005

For Players Who Are In This For Extended Periods These Bonuses Are Absolutely Free Money.

PO69 · Sep 10, 2005

I havent received bonuses in quite a while, so I sort of agree with you.

But realize that only about 20% of gamblers EVER will receive the payout anyway, so those people need all of the extra action that they can get

Journeyman · Sep 10, 2005

:think2: just win baby...

Unless you plan on losing long term this shouldn't even matter...although I agree books put these bonuses and stipulations out there for most to eventually trip up by trying to complete a long rollover...veteran players shouldn't have a problem with this though.

kermit16 · Sep 10, 2005

Journeyman said:
:think2: just win baby...

Unless you plan on losing long term this shouldn't even matter...although I agree books put these bonuses and stipulations out there for most to eventually trip up by trying to complete a long rollover...veteran players shouldn't have a problem with this though.

Agree 100 % ! If you are a winning player the bonus just adds to your profit. If you are a losing player, well it certainly extends the period before you go broke ! Either way.. bonus is a plus ! :103631605

ronaldn · Sep 10, 2005

GREENHEAD said:
Everyone has there opinion on bonus'.Most if not all on this sight look,thrive,beg ,ask for them.I on the other hand dont ever want them.Here is an example:
I opened up an account with one of the advertisers on top.Awesome CS,layout,everything.Played for 2 weeks won a couple dimes asked for a withdrawl.They said I needed to play alot more for the bonus they gave me.I told them to keep the bonus and go ahead with the withdrawl.They did as told, and I got my withdrawl.No problems.
Now if I wanted that 500 bonus I would of had to give them like 15 dimes of more action.Thats where the trap is.The action will get you.The rollover catches up to you.
People the name of the game is COLLECTING AND WINNING.When you win collect, dont try to complete your rollover to get your bonus.When you win for the week call them up and ask for a withdrawl or else your winings and bonus will be down to zero.Just my opinion-good luck this weekend.PS if you win this weekend make a withdrawl

I have often had that same thought but on balance I would rather take the bonus. The books have it figured out to the nth degree, they know how many times to make you roll it over to eventually lose it all. But if you win it will just add to your winnings.

lostitall · Sep 10, 2005

ronaldn said:
The books have it figured out to the nth degree, they know how many times to make you roll it over to eventually lose it all.

They've figured out that degenerates and dumb people will lose bonus or no bonus. Bonuses can help turn a coin flipper +EV, assuming self control and patience.

6nout · Sep 10, 2005

It is possible to win from bonuses even if you are giving up ev to the house. It all depends and the wagering requirements.

For example, you deposit $1000 and get a $200 bonus. You are required to wager 3 x bonus + depost before a cash-out. So you have to bet $3300 in total before you cash out. If you're betting into -110 you're theoretically giving up about 4.5% wagered to the house. So 4.5% of $3300 is $148.5. The ev. of the bonus is therefore $51.50. If you're betting into a baseball dime line it's about 2% so you can expect to lose just $66 so the ev on the bonus is now $134. And of course, if you already bet with +ev then this money truly is a bonus.

So you can actually bet a lot of small bets for low variance to more or less lock in the bonus money (I think they call this bonus whoring) or you can just make your plays and always be working on a bonus and you have +ev. It is actually more advantageous in the long run to bet more and bust out sometimes before you have cleared a bonus because you end up giving less to the house this way.

The same principle applies to casino bonuses if they have the right wagering requirements. If you're allowed to play blackjack the house edge is about 0.5% so there are definatley some +ev bonuses out there.

There is no reason to be a loser these days even if you can't pick winners yourself.

GREENHEAD · Sep 10, 2005

kermit16 said:
Your balance will never go down to zero if you can pick over 54 % of games correctly. What you are just saying is that over the long haul.... you are a person the Sportsbooks love to deal with... You lose ! If you can pick over 54 % .... the bonus just adds to your already rising pot ! Simple... isn't it !

Kermit your post to me is comical.You use the word IF alot.Gambling isnt about If this or if that.Its about winning and collecting.I want to bet,win and collect.I dont want to think about "How can I bet 15 more dimes of action to collect my little nickel."
Your middle sentence is 100% wrong,but to each there own.In the mean time I'm gonna make another withdrawl and you can see "IF" you can hit 54%.

kermit16 · Sep 10, 2005

GREENHEAD said:
Kermit your post to me is comical.You use the word IF alot.Gambling isnt about If this or if that.Its about winning and collecting.I want to bet,win and collect.I dont want to think about "How can I bet 15 more dimes of action to collect my little nickel."
Your middle sentence is 100% wrong,but to each there own.In the mean time I'm gonna make another withdrawl and you can see "IF" you can hit 54%.

If you want to see comical... look in the mirror. What are you telling us ? Apparently you are trying to convince somebody that you can win, win, win. So " If " that is the case... why do you care about how many times you have to turn over your Deposit and bonus $$ ? At the end of the turnover period you will just be stuck collecting your winnings .... and of course the free bonus $$. The very fact that you are so wary of the turnover requirement tells all of us that you are very very concerned about your ability to keep on winning at an above 54 % rate.

GREENHEAD · Sep 10, 2005

Kermit very good post.Good luck to you the rest of the year.We have completly different attitudes towards "the bonus".I know what works for me and you know what works for you.

I dont want to convince anybody that I can win.I want to convince people that the rollover will get you most of the time.Remember 97% of the gamblers out there lose.They cant hit 54%for the year.But they can go 3/3 this weekend and collect there winnings.Other wise the #'s game will get you.*IMO*

Dante · Sep 10, 2005

kermit16 said:
Agree 100 % ! If you are a winning player the bonus just adds to your profit. If you are a losing player, well it certainly extends the period before you go broke ! Either way.. bonus is a plus !

well said frogman :suomi:

SportSavant · Sep 10, 2005

kermit16 said:
If you want to see comical... look in the mirror. What are you telling us ? Apparently you are trying to convince somebody that you can win, win, win. So " If " that is the case... why do you care about how many times you have to turn over your Deposit and bonus $$ ? At the end of the turnover period you will just be stuck collecting your winnings .... and of course the free bonus $$. The very fact that you are so wary of the turnover requirement tells all of us that you are very very concerned about your ability to keep on winning at an above 54 % rate.

either that, or is very selective in Bets, perhaps placing only 1 or 2 bets a week

kermit16 · Sep 10, 2005

GREENHEAD said:
Kermit very good post.Good luck to you the rest of the year.We have completly different attitudes towards "the bonus".I know what works for me and you know what works for you.

I dont want to convince anybody that I can win.I want to convince people that the rollover will get you most of the time.Remember 97% of the gamblers out there lose.They cant hit 54%for the year.But they can go 3/3 this weekend and collect there winnings.Other wise the #'s game will get you.*IMO*

I agree with almost everything you say here. However not trying to just be argumentive but hopefully open up another way of looking at something. Let's just say that you make a deposit of $ 550 and are given a 20 % bonus for extra $ 110. If you are very lucky and hit all of your first 5 $ 110 wagers, you can always withdraw your $ 1050 and tell the Book to keep their stinken bonus $$... Right ? However, let's say the opposite happens and you should lose your first 5 wagers for $ 110 ! You are broke ... right ? Wait a minute.. You still have $ 110 in your account in the form of bonus $$. Who knows for sure ? You just might go on a winning streak and get it all back. It's a free chance at least. Anyway, good luck in your future wagers and I hope you do win at a far greater percentage than 54 %. " If you can do that, your only concern will be not getting " 86 ".
:lolBIG: :103631605

D2bets · Sep 10, 2005

I've collected so much $$$ in bonuses over the years it's almost obscene. :103631605

It's also just a great excuse to contunally joing new books, which is usually a lot of fun in itself.

sherman · Sep 10, 2005

I Love bonuses!

cincy_ · Sep 11, 2005

GREENHEAD said:
Now if I wanted that 500 bonus I would of had to give them like 15 dimes of more action.Thats where the trap is.The action will get you.The rollover catches up to you.

The "rollover catches up with you"?

What does that mean? Makes no sense. If you make 15 dimes worth of plays somewhere else, how does that help matters. So your advice is, "Don't take the 20% that WSEX offers, take the money out and play it at Skybook". How does that help?

Also, if you needed 15 dimes more in action for a 500 bonus AFTER winning a couple of dimes that means they wanted 20 dimes in action? Is that it?

If you deposited $2500 and got a 20% bonus for $500, then anything more than a 5x rollover is too much - and 5x is $12,500 so how could you still have to play 15 dimes? Did you have a 18x rollover or something? Geez.

I have concluded that you're just making up those numbers to make it sound good and make you look like a big shot. Your figure makes no sense and your argument makes no sense.

TRY AGAIN.