What is 'Casino Whoring'?

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A cheesy yet not so inappropriate term, Casino Whoring, is used to refer to a 'technique' of usurping free bonus offered by online casinos. The theory is that using a 'scientific' - some arithmetic and probability calculations, it is possible to identify a casino bonus that will provide an assured profit of Piabet a certain approximate amount.

Using this theory, the practitioners will play an online casino offering a promising bonus, get a profit of an amount approximate to the calculated value, and then move on to another casino offering the same kind of promise without incurring any loss in the process. They will play one casino till they are satisfied that possible profit had been squeeze out, then hop onto another casino repeating the process there and then another one and so on. Hence the term.

The Casino Bonuses:

Although there are many kinds of casino bonuses, the target for Casino Whoring activity is mainly the Deposit Bonuses - First Deposit, second deposit etc. for new players. This type of bonus is given to first time members for joining the sites. It usually comes in the form of a certain percentage of the amount of the deposits up to a certain limit. Eg. 200% of first deposit up to $200.

Deposit Bonuses comes with a requirement called Wagering Requirements (WR). This requirement restricts withdrawal of the winnings from the bonus till a certain times of the bonus amount is wagered or played through. For example: WR of 20xB means that a gross total bet of at least 20 times the bonus amount must be wagered. In this example if the bonus given is $200, then the WR will be $4,000.

The technique of Casino Whoring:

The most important factor in assessing the winning probability of a casino game is the 'payout percentages'. These are the odds that the machines(gambling software in case of online casinos) give out in a complete play cycle. Say the payout percentage for slots is 96.5%, that means that for that particular game, a total of 96.5% of all bets will be re-won, while the casino will keep 3.5% in a cycle. Payout percentages differ according to the online casino, the gaming software used, and also the particular kind of game.

The odds of winning in online casinos are greatly affected by the choice of games. Generally, payout percentage of table games like blackjack, roulette, poker etc. are better than slots. Therefore the first thing that a Casino Whoring pundit will look for is whether the better odds games are permitted by the terms for the bonus. Although many small and medium size online casinos do not permit bonus play on games other than slots, some of the bigger ones do.

The magic scientific formula:

The Casino offers a 200% bonus of first deposit upto a maximum of %200. WR is 20xB. Blackjack play is permitted which has a payout percentage(PP) of 97%. Make a deposit of $100 for maximum bonus.

The calculation:

Amount spent: $100

Amount received in account available for play: $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.

Is Casino Whoring foolproof?

The calculations are based on accurate Payout Percentage and complete payout cycle. This in practice will not always be the case. In case of payout percentage, looking at data from independent online gaming regulations such as eCogra etc. it not only differs on different casinos and games, but also varies over a period of time. For a payout cycle to complete, it depends on the number of players playing the particular game over the same period. In short there are a number of factors that can influence the odds one way or another. Therefore the technique cannot be considered foolproof.

Yet that said, the risk of losing money is greatly minimized. A careful player can always withdraw, if permitted, before losing too much of the deposited money. And for a lucky player combined with a thorough calculation of odds, the prospect of making profit using casino whoring is great, at the least in theory. And there are people who do claim they got profits using this technique.

At the end of this summer a stir of surprise spread along the gambling forums - several dozens of new casinos with Microgaming software suddenly appeared. This software is one of the most expensive (along with Cryptologic), it is used by only about 80 casinos, and the new one usually appears not more often than once in a quarter. That is why gamblers' surprise is quite natural...

It has turned out that all this is white label casinos by Casino Share (relatively new casino with Microgaming software). So what is white label? White label is a kind of a small branch of an existing casino, which can be developed under its own name.

The system is as follows: software producer, RTG, Microgaming, or Casino Village on Net type company, producing software for casino and selling it to the clients, is on top. A supplier's software is generally similar, the game set is almost the same, the financial central processing unit is often common. Here the question about competition appears concerning not only casinos from the different producers (here the differences and, therefore, grounds for competition exist), but also the same producer's casinos, where there are not so many ways to be marked out. Methods of attracting the clients are various: some advertise themselves online and offline, some organize great actions, almost all use partnership programs.

Some of the casinos make contracts with a software supplier and get a permit for further multiplication of the software. Such casinos open white label programs, where any person interested may get "his own" casino. The scheme is usually as follows - a partner pays a relatively small amount (several thousand, maximum several tens of thousand dollars) and for this money gets a standard site, software for clients' downloads, where the name and logo chosen by a partner, not those of a parent casino, stand. Financial transactions are made through the parent casino cashier, support services are provided the same way. Customization and design, customer service, player hosts, fraud control, web design and maintenance as well as internal marketing. White label casino software producers provide cheaper, fully serviced and managed gambling websites that leave the owner or affiliate free to concentrate on marketing. Online bingo, sportsbook, poker room or casino operators enjoy all the benefits of marketing online bingo or casino sites without having to manage technical, business, licensing and operational infrastructure.The initial instalment goes for casino customization, after that a partner gives about 50% of the profit to the parent casino.

A question occurs: for whom is this scheme convenient and profitable? It is rather profitable for a software supplier, as it sells the right to create white label and casino customization services, increasing the popularity of the software (although the risk of negative responses is increased in case of problems), royalty is increased (software supplier gets its interest in casino profits). A parent casino organizing white label program also benefits. Although the right of creating white label casino costs money, its considerable part is returned out of the partner's initial payment, and then the casino opened begins to get profits without marketing expenses (support service and processing expenses remain, but they are much lower than 50% of the profit).