Ask the Wizard #66
Edition Date: May 8, 2002
Most online casinos offer bonus offers but do not allow wagers on games like roulette, craps and baccarat to be part of the necessary wagering requirements. I am wondering about the exact reason for this. They usually state that no risk wagering is not allowed and a player’s account would be audited before any payout so it wouldn’t make sense to do this anyway. Are they trying to stop players playing games which offer close to even money options then? It seems to me unfair to stop new players to a casino playing such popular games such as these after offering a bonus.
Also you answered a previous question about player abuse by saying you should play 100% more than the minimum requirement to cash out the bonus. As I see it if the casino lays down the rules for minimum wagering then that is all that is required by the player and if he can wager 8x the bonus without losing it then he deserves to be able to cash it out without being labeled a player abuser! Thanks for your time Wizard.
The reason they do this is that before they implemented this rule some players would bet equal amounts on red and black in roulette, or the pass and don’t pass in craps. This would allow them to earn a bonus without putting much money at risk. So the online casinos added this rule in an effort to keep these bonus players out. Casino on Net does allow play on any game but reserves the right to refuse the bonus if the player bets on opposites, which I think is a more reasonable solution.
You are absolutely right that a casino should honor a bonus even if the player bets exactly the player requirement and not $1 more. Unfortunately many Internet casinos owners don’t think they have to abide by their own rules and make them and break them as they go. Two years ago the Golden Palace rounded up all the players they considered to be not be giving enough free play and locked them out of their accounts. I know this because I had one of the accounts. After a lengthy audit they reopened some accounts but seized the funds of others and donated them to charity. This was despite the fact that the players followed every rule. It just goes to show that there is no credible regulation of Internet gambling and that appearances are very important. That is why I advise players to not even look like they are only after a bonus and to provide plenty of extra play.
After reviewing your section on house edge in craps, I am very confused about two different calculations. The discrepancy lies with the Place 5 or 9 and Buy 5 or 9. I cannot understand how the house edge could be greater on the Buy 5 or 9 when it pays more than the Place 5 or 9. For example, $100 Place 5 or 9 pays $140. $100 Buy 5 or 9 pays $150 - $5 commission for a total of $145. The house edge on a Place 5 or 9 is 4.00% and a Buy 5 or 9 is 4.76%. How could the Buy 5 or 9 house edge be greater than the Place 5 or 9 when it pays more money and both bets have the same behavior? Thank you for your time.
Reason #4 why the Wizard likes Bovada:
Bovada offers the triple crown of gambling: casino, poker, and sports. Many other casinos have tacked on poker as an afterthought, and many poker rooms have tacked on a casino as an afterthought, and the lack of attention shows, sometimes painfully. And very few of these sites let you make sports wagers.
But Bovada doesn’t just offer all three, they do each one well, and everything’s integrated. It’s easy to play all three off one deposit, off just one account.
Another nice thing about Bovada is that you don’t need a separate account to play casino games with fake money. In fact you do not even need an account for that at all, you can just click over there and play. Finally, Bovada usernames are only six or seven characters long making them possible to remember. By contrast some competitors’ usernames are extremely long and cumbersome.