I joined 'a' bingo site and made a fair amount, I then noticed that there was correlation between certain names that would also win.
So I think it's fair to say, look at the owners of bingo sites, as there are maybe 4 that are all connected. Once you have made your profit just stop, as from first hand experience I've seen, till a certain threshold you'll do well. I trebled what I put in. Whilst they have these offers, with some offering VIP membership out of the blue, an example I can give, two offers ran, one was a week long offer and one was a weekend offer. They do use underhand tactics to make sure that you have to wager a fortune to get anything back.
There's a competition starting on 1st June, I put a deposit limit on so I can't deposit till a few days later, you only have to wager £1 a day to be eligible for this competition, neither 'offer' I opted into paid out. After a long conversation checking what I'd be paid from 2 previous offers (one sneakily said play out slots and you'll make 10% or 20%, bingo winnings were offset against the slots wagers, so I got no payback at all, even as a VIP they wouldn't credit £5 in so I could take part in the new competition.
So it's fair to say, those with bottomless purses will win this weekend away, just like the same names seem to win.
Also the companies for this one group have their head office off shore too!
The threshold for withdrawals triggering more losses than wins must be around £1200!
Another offer, which they've since enhanced the T&C on, read, you would get 10% back up to £200 on net losses or wins.It might be because I'm new, but I read even the T&C as saying if your losses were £500 but your gains were £600 we would pay 10% of the higher sum. When in fact they deduct losses from gains, it always pays out that I dread to think how much you'd have to wager to get the max bonus of £200.
So I'm pretty sure once you hit a certain withdrawal amount, you start losing so you put deposit limits on that are pretty fair, as unless you can afford it you don't want to be depositing say even £20 a day if you're never going to see a return. Once you increase your deposit limits they don't want to know.
Considering how much I wagered in order to get the 10% & 20% bonus, a couple of bingo wins and my wagers were blown out of the water. My bingo wins weren't substantial, literally just enough, they knew you'd rewager it, thinking you'd get a bonus when you don't. I struggle to comprehend how bingo wins are relevant when the offer was specifically on slots played.
I also read that if you're a true gambler, playing their game, they're essentially just giving you money back they know you'll wager to try and win more. I can believe this now. I didn't want to but I can totally see how it works in their favour. You start off on say slots turning £10 in £300 or £400. You will get that mentality it's got to pay out big again at some point, it never does.
So whether there's a correlation between deposits & winnings or wagers and winnings I'm not sure. But there is a correlation with them not being the least bit bothered if you set a low deposit limit or your wagering drops! To be viable for this offer, what is £5 in credit to ensure you can enter.
I hope this makes sense.