Tagged: Casino Promotions
February 13, 2017 at 9:44 am #221
Happy Valentine’s Day!
This is a follow up to my last post describing no less than half a dozen Valentine’s Day online casino promotions. Here are three more from TropicanaCasino.com and VirginCasino.com that start today, together with my assessment of each.
SWEETHEART SAVINGS: February 13-16
This promotion gets underway at 12:01 a.m. Monday, February 13 and wraps up at 11:59 p.m. on Thursday, February 16. Make a deposit of at least $50 anytime during the promotional period and wager it at least 1x on any game, and you will qualify for at least a $2.50 bonus. However, if you deposit more than $200, you will receive a bigger bonus.
All bonuses will be determined Friday, February 17, based on the total amount of your net deposit (total deposits minus total withdrawals) during the promotional period, as follows:
Net Deposit Bonus
$50-$200 5% up to a maximum of $10
$201-$300 10% up to a maximum of $30
$301+ 15% up to a maximum of $75
All bonus money must be played 1x online (on any game) within 30 days in order to be able to withdraw any associated winnings. The bonus itself is not withdrawable.
The only good feature I see in this bonus is that you can play any game you want, and all games count equally towards clearing the bonus. Note that on a minimum deposit of $50, your bonus is a measly $2.50 (as compared to $10-$250 from Caesars). Also, if you do the math, you will see that in order to get the maximum bonus of $75, you will have to deposit $500. Obviously, if you are planning to deposit either $200 or $300, you should add on another dollar so you will qualify for the next bonus bracket.
Aside from the low percentage value of these bonuses, what really detracts from their value is that they are not withdrawable.
WE GOT THE LOVE: February 13-20
How does winning a share of $7,000 in bonus money prizes sound? This promotion also starts on Monday, February 13 at 12:01 a.m., but continues all the way until 11:59 p.m. Monday, February 20. Payments will take place on Tuesday, February 21.
Simply play your favorite games as usual. Each time you wager at least $50 on any game, you earn one entry into the sweepstakes, up to a maximum of five entries per day (if your wagers for the day total $250 or more).
Then, on Tuesday, February 21, 200 players will be randomly selected to win one of the following prizes:
1 winner: $500 Bonus Money
4 winners: $250 Bonus Money
5 winners: $100 Bonus Money
20 winners: $75 Bonus Money
20 winners: $50 Bonus Money
50 winners: $30 Bonus Money
100 winners: $10 Bonus Money
All bonus money must be played online within 30 days in order to be able to withdraw any associated winnings. The bonus itself is not withdrawable.
This promotion properly awards bigger players by giving them a greater number of entries. But the huge number of prizes gives smaller players a shot to win as well. Also, the promotion lasts a full week, so you can spread out your play rather than play excessively any one day. Note that once a player’s wagers hit $250 on any one day, there is no further benefit in number of entries based on additional play. Money wagered on one day cannot be counted towards the next day’s play.
The not so good features of this promotion are the small percentage values of the bonus and the added stipulation that you don’t get to keep the bonus.
V POINT KISS: February 13-16
This promotion starts at 12:01 on Monday, February 13 and ends at 11:59 p.m. on Thursday, February 16. Payouts are the following day, Friday, February 17.
In order to be eligible, the minimum wager is $15 on 90 Ball Bingo, $40 on slots, or $100 on any other casino game. Then, whatever V points you would earn normally for your play, you receive 10x that amount, up to 5,000 extra points!
But before you become ecstatic about what a great promotion you think this is, let’s take a more in depth look. Ordinarily, every $15 wager on 90 Ball Bingo, $40 on slots, or $100 on other games is only worth 1 V Point. So if you just wager the minimum, the promotion will put 10 V Points into your account instead. But the only thing you can do with V Points is convert them to bonus dollars, and in order to do that, you need a minimum of 20 V Points. In other words, assuming your current V point blanace is 0, in order to get any immediate benefit from the promotion, multiply your minimum wager by 2: to $30 on 90 Ball Bingo, $80 on Slots, or $200 on any other game.
But wait. All bonus money must be played online 1x (any game) within 30 days in order to be able to withdraw any associated winnings. The bonus money itself is not withdrawable.
The next question that comes to mind, or at least it should, is how much bonus money can you get in exchange for your V points. It took a lot of digging and opening up multiple tabs to get the answer. However, I can see why the casino would not want to state this information in big bold letters.
V Points are converted into bonus money at a rate of .01 (one cent) for every V point. In other words, if you convert the minimum number of 20 V Points, your bonus is 20 cents!
Even given the 10x multiplier, you will need to bet a huge amount of money to get a decent size bonus. A big player who somehow manages to earn the maximum of 5,000 extra V points will have to had wagered at least the following: $7,500 on bingo, $20,000 on slots, or $50,000 on any other game. Even if you could afford that level of play over the course of a couple of days, is it worth it if all you get at the end of the day is a $50 non-withdrawable bonus?
As Robert DellaFave said in his recent post, even the 10x point multiplier can’t add enough value to this promotion to make it worth your time.
How do you feel about bonuses that the casino doesn’t let you keep? Apparently, enough people accept such promotions anyway, or the casino would get the message that most of them aren’t worth the paper they are printed on. What do you think?February 13, 2017 at 11:00 am #226
Hard to get too excited about these promotions. I wonder why NJ online casino sites offer such low cashback rates?
That being said, you don’t get sizable match bonuses at a land-based casino, so I guess it’s something of a trade off. And generally speaking, it’s easier to find games with higher returns on online.
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