What is “Casino Whoring”?
Casino Whoring is a term that refers to an online casino’s ‘technique’ for obtaining a free bonus. It is believed that a bonus from an online casino can be identified using some scientific methods, such as probability calculations and arithmetic.
This theory states that the players will play an online casino with a promised bonus and make a profit equal to the calculated value. Then they’ll move on to another casino with the same promise, without losing any money. Finally, after making a profit, they will move to another casino and continue the game until satisfied. The term is thus.
The Casino Bonuses
There are many types of casino bonuses. However, Casino Whoring is focused on Deposit Bonuses. First deposit, second deposit, etc. For new players. This bonus is offered to new members upon their first registration. This bonus is usually in the form of a percentage of your deposits up to a limit. Ex. 200% of your first deposit up to $200
Deposit bonuses come with wagering requirements (WR). This restriction prevents you from withdrawing winnings from your bonus until the bonus amount has been wagered or used through. A WR of 20xB is a requirement that the total wager must exceed 20 times the bonus amount. If the bonus is $200, the WR would be $4,000.
Casino Whoring is a technique:
Payout percentages are the most important aspect of assessing the winning chance in a casino game. These are the payout percentages that machines (or online casino gambling software) offer in an entire play cycle. For example, if the payout percentage for slot machines is 96.5%, it means that 96.5% will be re-won for this particular game and the casino will keep 3.5%. Of course, the payout percentages vary depending on the casino and the game type.
Online casinos have a variety of games that can affect your chances of winning. The payout percentage for table games such as poker, blackjack, and roulette is generally higher than the other types. Slots are more profitable than table games. A Casino Whoring pundit will first check to see if the bonus terms allow for better odds games. While many online casinos of small or medium size do not allow bonus play on other games than slots, some larger ones do.
The secret scientific formula
The casino offers a 200% bonus on your first deposit, up to a maximum of $2,000 The WR is 20xB. Blackjack play is allowed with a payout percentage (PP) of 97%. Maximum bonus: Make a $100 deposit
Amount spent: $100
Playable amount: $100 + $200 = $300
Total bet required (WR), = 200 x 20 = $4000
House Edge: 100% – 97%PP = 3
Expected Loss = 3% of $4000 = $120
Cash Balance after fulfilling WR: 300 – 120 = $180.
Net Profit: 180-100 = $80
Casino Whoring is it foolproof?
These calculations are based upon accurate Payout Percentage, complete payout cycle and exact payout percentage. In practice, this will not be true all the time. Payout percentage can be viewed from data provided by independent online gaming regulators such as eCogra. It can vary between different games and casinos, as well as over time. It depends on how many players played the game during the same time period for a payout cycle. Many factors can affect the odds of a payout. The technique is not foolproof.
Despite this, there is very little chance of losing your money. If allowed, a prudent player can withdraw before losing too much money. The possibility of making a profit from casino whoring is possible if you combine luck with careful calculation of the odds. There are many people who claim to have made profits from this method.