Gambling | No-Risk Wagers - What's the Gamble?
by Jake Soroka for Winner Online.com
No-Risk Wagers - What's the Gamble?
You've probably seen a sentence like this in most casinos bonus terms and conditions :: "Roulette, Craps, and Baccarat do not qualify for wagering requirements."
You may ask yourself why a casino would disqualify certain games from playthrough requirements, and why they wouldn't also include Blackjack since it can have the lowest house edge in the casino.
The primary reason casinos disqualify those games is because they contain opportunities for what casinos consider "no risk" wagers, and the casinos don't have either the capability or the time to monitor your play to detect these types of bets.
Betting on Red and Black in Roulette. Banker and Player in Baccarat. Pass and Don't Pass in Craps. Those are some examples of wagers that casinos dislike, since they feel a player can artificially inflate their wagering volume without risking their deposit, and then withdraw the bonus without ever really risking their own money.
While those types of bets can affect a player's wagering variance or volatility, they are definitely not "no risk" to the player. In fact, some casinos may want to encourage players to place those three types of bets, since it might attract players who think they're taking advantage of the casino, but are in fact just duping themselves.
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Gamblog comment :: A must read for all online casino gamblers and well worth the time to put an excerpt of it here. Just make sure you visit Winner Online.com to take in the rest of this article by Jake Soroka who has worked in i-gaming marketing and product development since 1999. He is currently the President of Exigency Group, an online gaming consulting firm.
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