Sunday, January 15, 2006

888.com Casino Bonus

I normally don't play casino games for profit because the house always has an edge. At least with poker, you play against other people, and if you are a better player then you will have the edge. The only way to show a profit at a casino game is if they give you a bonus which exceeds your expected loss due to the house edge. However, you still need to deposit your own money and put that at risk.

I have been following a thread on the PSO forums with interest. With the 888.com casino offer, they will match your $200 deposit with $200 in bonus money. You are then allowed to withdraw your original $200, and then play with just the bonus money risk-free. Any winnings you make above the $200, you are allowed to withdraw. To withdraw the $200 bonus money, you need to wager it 50 times over.

A few weeks ago, I decided to try this offer, since it is absolutely risk-free. As recommended by others in the thread, I played blackjack using a basic strategy chart to minimize the house edge. I also used a Martingale betting system where I doubled up my bet every time I lost (although to be honest, betting systems are all pretty worthless).

In my first session of blackjack, I ended up making $55. I withdrew this immediately, and after waiting about a week for this to clear, I started a second session of blackjack. This time, I made $360 in profit, which I withdrew. In my third session, I finally bust out, giving me a net profit of $415 for this promo.

If anyone wants to try this promo, just email me and I'll send you an invitation which will give you an additional $30 bonus for the referral.

Earnings-to-date: $890

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