32Red has just launched a new sign up bonus - I got this from them yesterday:
We have launched a brand new welcome bonus at 32Red Casino. New players can now receive up to £320 when they join. For every multiple of £10 made on their first deposit, your referrals will get a £32 bonus. This also applies to USD, AUD, CAD and EUR deposits.
So if you deposit £100, you get £320.
You can view all details, plus terms and conditions, on the
welcome bonus page. Here are the terms:
• Only cash players are eligible for the New Player Welcome Bonus. Guest players do not qualify for this promotion.
• A 32 chip bonus will be awarded for every full 10 chips deposited on your first purchase. For example, a deposit of 25 units of currency would generate a 64 chip bonus, additional deposits do not qualify.
• The bonus awarded will be credited to a player's bonus balance and is subject to our
bonus terms and play through requirements before being withdrawn.
• Each new player is eligible for one welcome bonus, players claiming any other welcome bonus are not eligible for this promotion.
• This offer is valid for a player's initial deposit only. Bonuses must be claimed before playing with your initial deposit.
• 32Red welcomes players from all countries around the world (
prohibited). However, there are some players who wish to take advantage of this free chip welcome bonus offer. In the interests of fair gaming, players may not place individual bets equal to or in excess of 25% or more of the value of the bonus credited to their account until such time as the playthrough requirements for that bonus have been met. Any winnings derived from bets placed to the value of 25% or more of the bonus before playthrough requirements for that bonus have been met will initiate a further playthrough requirement of 100 times the amount won.
• This promotion is strictly limited to one new player per household even if there is more than one computer retained at the address. The identity of a user will be determined on the basis of all or any combination of the following: name, mailing address, e-mail address, IP address, credit/charge card number, computer, and any other form of identification which may be required.
• The casino may, at their sole discretion, limit the eligibility of new players to participate in this promotion, for any reason whatsoever without notice to the end users.
• The casino may, at their sole discretion, change the terms and conditions for any reason whatsoever without notice to the end users. No correspondence will be entered into. 32Red's decision will be considered final in the event of a dispute.
Take careful note of this clause:
...players may not place individual bets equal to or in excess of 25% or more of the value of the bonus credited to their account until such time as the playthrough requirements for that bonus have been met.
Any winnings derived from bets placed to the value of 25% or more of the bonus before playthrough requirements for that bonus have been met will initiate a further playthrough requirement of 100 times the amount won.
If you take a £32 bonus, the largest bet you can legally make is £8. However, the casino will not confiscate any derived winnings - they will simply subject them to an additional 100 times wagering requirement.
The terms page includes an example of basic wagering terms for a handful of bonus examples...
...and the game weightings graphic shows how much additional wagering is required for certain games:
Single deck blackjack counts at just 2%, so on a £320 bonus you'd have to wager a grand total of (320 X 30) X (100 ÷ 2) = £480,000.
With perfect classic blackjack play, I estimate an average loss of about £120 once the bonus is added, which gives an average house edge of just 0.025%.
Not too bad a deal.
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