Casino Talks

Posted by: Freddy at November 9, 2000, 12:45 am

Topic: Chargeback article on front page... Forum: Winner Online

You've got to be kidding me! They're claiming they pay back an average of $35,000 on $36,000 in deposits?? Lessee ... that comes to LESS THAN A 3% HOLD!?!?

Gimme a break. The hold on land based casinos is known to average around 40%. There's good reason to believe it's higher - maybe MUCH higher - in cyberspace.

This is the only way I could twist any sense into the numbers they lay out ($10,150 in the hole). The 25% bonus is accounted for up front - you can't debit that twice.

I agree that many e-casinos are probably losing money (scrambling to get market share), and that charge backs are unfair to the industry. But don't believe the 3% hold, man. BOGUS! BOGUS! BOGUS! BOGUS! BOGUS!

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