What is ‘Casino Whoring’?
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 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.