Casino Talks

Posted by: bpb at September 24, 2006, 5:07 pm

Topic: Shark Casino Owes Me $29,500 Forum: Casino Meister

Someone help me here

Player X deposits $1000, gets a $1000 sticky match, 10x max cashout
Player X runs his $1000 up to $15,000
Player X withdraws
Casino Removes $5000, leaving a $10,000, as per the terms
Casino initiates $2500 withdrawal, leaving $7,500 in the account, as they only pay $2,500 a week
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Everything is kosher up to this point.
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Now, the player can either

A) Wait a month for the remaining $7,500 to be withdrawn, and stop playing at the casino alltogether until that withdrawal is processed. Instead, the player will get his gambling fix from one of this casino's competitors.

B) Continue wagering with the $7,500. This money is "his", though it will take a month to get it. The player is using "his" money to make negative expectation wagers in the casino, resulting in a positive expectation for the casino. No bonuses are involved here, the player is just wagering straight up with "his" money. (Note that the excess balance above 10x the deposit amount has already been removed)

Here' s the question I need help with.

From what I understand in this thread, Shark would rather have the player do A (wait), rather than B (gamble). This doesn't seem to be right if the casino is in the business of making money.

Unless of course what Shark hopes will happen is

C) The player gambles with his remaining money, assuming that since his excess balance was removed and the first cashout processed, the remaining money is "his" and the 10x max cashout no longer applies, since there is no bonus money associated with his current balance. If the player loses money, shark doesn't say a word. If the player wins money, shark invokes the 10x cashout clause and denies winnings.

Obviously, C is by far the best choice for Shark if their sole goal is revenue. But I'm not sure I'd want to gamble somewhere that was angling for C.

phynqster, I like your posts. I thought Virtual was A-OK while you were there (and went to hell shortly after you left) So please convince me that Shark wasn't angling for scenario C all along. Explain to me why scenario B is bad for your casino.

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