What is a “casino whore”?
The cheesy but not so inappropriate term Casino Whoring is used to refer to the “technique” of embezzling free bonuses offered by online casinos. The theory is that by using “scientific” – some arithmetic and probability calculations – it is possible to identify a casino bonus that offers a certain approximate guaranteed profit.
With this theory, practitioners play at an online casino that offers a promising bonus, get a win that is roughly the calculated value, and then move to another casino that offers a similar promise without incurring a loss in the process. They play one casino until they are convinced that a potential win was squeezed out, then jump to another casino, repeating the process there, and then another, and so on. Hence the term.
Casino bonuses:
Although there are many types of casino bonuses, Casino Whoring’s focus is mainly on deposit bonuses – first deposit, second deposit, etc. for new players. This type of bonus is given to first time members for joining the sites. It usually comes in the form of a certain percentage of the amount of deposits up to a certain limit. Eg 200% of first deposit up to $200.
Deposit bonuses are subject to a requirement called Wagering Requirements (WR). This requirement restricts the withdrawal of winnings from the bonus until a certain bonus amount has been wagered or played. For example: WR 20xB means that at least 20 times the gross bet of the bonus amount must be wagered. In this example, if the bonus given is $200, the WR is $4,000.
Casino Whoring technology:
The most important factor when evaluating the probability of winning a casino game is the “payout percentages”. These are the odds given by the machines (gambling software in online casinos) throughout the game cycle. Let’s say the slots win rate is 96.5%, which means that in that game a total of 96.5% of all bets are won again, while the casino keeps 3.5% over the period. Payout percentages vary depending on the online casino, the game software used and also the specific game type.
The choice of games greatly affects the chances of winning in online casinos. In general, the winning percentage of table games such as blackjack, roulette, poker is better than slot games. That’s why the first thing that Casino Whoring’s researcher examines is whether the bonus terms allow better odds games. Although many small and medium-sized online casinos do not allow bonus play on games other than slots, some larger ones do.
Magic Scientific Formula:
The casino offers a 200% bonus from the first deposit up to 200%. WR is 20xB. Blackjack game is allowed with a winning percentage (PP) of 97%. Make a deposit of $100 to get the maximum bonus.
Calculation:
Amount Spent: $100
Amount received in game account: $100 + $200 = $300.
Total Wager Required (WR) = 200 x 20 = $4000
House edge: 100% – 97% PP = 3%.
Expected loss: 3% of $4000 = $120.
Cash balance after completing WR: 300 – 120 = $180.
Net profit: 180 – 100 = $80.
Is Casino Whoring foolproof?
The calculations are based on the exact payment percentage and the complete payment period. In practice, this will not always be the case. When it comes to the payout percentage, looking at information from independent online gaming rules such as eCogra etc., it not only differs between different casinos and games, but also varies over a period of time. The end of the winning period depends on the number of players playing a particular game during the same period. In short, there are several factors that can affect the odds one way or another. Therefore, the technology cannot be considered foolproof.
Nevertheless, the risk of losing money is greatly minimized. A careful player can always withdraw, if allowed, before losing too much of the deposited money. And for the lucky player, combined with a thorough calculation of the odds, the chance of making a profit by cheating the casino is great, at least in theory. And there are people who claim to have profited by using this technique.