Jump to content

This is where all the magic happened


WVU
 Share

Recommended Posts

My former neighbor Tim (he rents the place out now) set that board up for you right, WVU ?

Tim of Fatwallet was your neighbor?

 

Fatbonus started out as a section of FatWallet. We went private and then moved to TrueGangsta. We were true online gambling sharps who profited 10s of millions through bonus whoring.

Link to comment
Share on other sites

Here is a post I made on the Wiz's site detailing the promo:

 

 

 

The Wiz was close. Here was the promo in a nutshell. It was called the 007 promotion.

 

 

For 2 hours Casino on Net ran a roulette promo where they were doubling the payout (70-1) when you hit on either a zero or a 7. The bonus 35x was not paid out until the next day so you had to work with the bankroll you had.

 

Word got around the forums about this upcoming promo about 2-3 weeks before. The "It must be too good to be true" was a common thought. I got a group of about a dozen other advantage gamblers together to discuss the best way to attack this promotion. We decided to team play. The plan was to load up our accounts to reduce the chance of going bust. We arranged for a conference call during the promotion so we could all talk and keep track of progress. We decided that we would share the risk and split everything according to the amount wagered.

 

I loaded up my account with $25,000. Most of this was through credit cards as I felt safer doing that so I had some recourse if they screwed us. Others loaded up their accounts with anywhere from 5k-25k. Our plan was to bet on both "0" and "7" for every spin of the wheel. Those of us with larger bankrolls were playing $100 on "0" and $100 on "7". The smaller bankrolls were betting in $25 and $50 increments. Keep in mind we were all playing on different virtual roulette wheels so some of us were going to do better than others. Either way, all profits (or losses) would be split according to the percent of total wagers.

 

While playing everytime one of us hit on a zero or 7 we marked it down. We wanted to make sure the wheel wasn't rigged for the promo so with 13-14 people playing at once it wouldn't take long to figure out something was wrong. Interestingly enough my first spin was a zero on a $100 bet so my bankroll immediately started out $3500 ahead. (remember the extra $3500 bonus wasn't going to be added until the next day). After several hundred spins between us all we quickly realized the game seemed to be playing fair. We continued to press thoughout the 2 hour promotion. About half of my team member busted out before the promotion was over, but our numbers were telling us that we were fine. In the end we were right at our expectation of 1 hit for every 18.5 spins. (it was a single zero wheel). I personally had 42 hits out of 567 spins. My bankroll was down to about $15,000 by the end of the 2 hours. (-10k). The next day our bonuses were added to our accounts just as promised.

 

My team cleared 1.65 million in profits during that 2 hour promotion. Another team that I knew about cleared almost a million. The casino splashed headlines all over their adverts that they gave away 4 million dollars in the promotion which was touted a huge success (LOL, yeah right). My own personal account made 72,000 in profit, but I had interest in a few other accounts so in total I cleared just under 200k.

 

If everyone knew about the promotion and chased it like we did then there would have been zero chance that we would have been paid. I actually found out that the casino's advertising budget was 2 million per month at the time. Knowing this we figured that they could withstand a good hit of a few million, but if word got out about the promotion then they would have likely given away 10 x that and they would have come up with a reason not to pay. It was because of this fact that we tried to quell the interest in this promotion across all the boards. Politics and rumors were part of our plan to keep the promo semi-private. It took even more politics to actually get paid. We paved the way for them to show the gambling world that they were solid and would pay out at all costs. It worked like a dream.

 

By the way, the promotions manager of Casino On Net was very helpful in getting us paid. We had him convinced that we were whales willing to spend our money at their casino. We proved this by wagering millions on their blackjack in an attempt to get to "gold vip" status. The house advantage on their blackjack game was .22%. They gave comps back to gold vip members at the rate of .4%. So once we got to gold vip status (2 million in wagers I think) we were actually playing at a .18% player advantage. Couple that with their other lucrative promotions and we continued to make a killing off these guys long past the roulette promotion. 2 months after the promo, the manager that we had been in contact with was let go. We continued to play at an advantage for a while but after about a year they began sending out the dreaded "no more bonuses" emails. It is safe to say they were very slow to catch on.

 

This one single event was the main catalyst in the demise of lucrative casino bonuses. What it did was created huge bankrolls for ruthless bonus hunters to use to scrape up a bigger chunk of bonus dollars. Myself, along with several others parlayed our roulette wins into much much more. We systematically attacked the bigger bonuses until we were either cut off or the terms changed against us. It was a cat and mouse game for a while with us bonus hunters winning out. The casinos were not very quick to catch on and we put a good hurting on several of them. The mastering of multiple accounts and the spreading of the word about the abililty to make decent money on these promotions put the final nail in the coffin. You can still pick up some dollars chasing bonus money, but nothing like you used to.

Link to comment
Share on other sites

Michael shakleford aka the wizard of odds was kicking himself for not doing the 007 promo. How could one of the greatests minds in gambling pass on the offer? Here was his response to my post:

 

 

 

I forgot about that one. Not only did I know about it, but I was an active Casino on Net player at the time, and didn't play it! The reason? As I recall I was skimming a bunch of casino junk mail, saw that one, and thought to myself "too good to be true, there must be a catch." After it was over a friend of mine, who made thousands off of it, chided me for missing it. To be honest, I was a little angry at him for not reminding me about it.

 

The lesson to be learned is never overestimate the intelligence of casino management. You just never know what they'll decide to do.

Link to comment
Share on other sites

Ehh odd timing for this...arent u denying having entire generations of your family signed up for the nba promo bonus? Kind of like Jameis admitting to drugging girls in HS while being investigated for that rape last yr lol.

I'm not denying some friends and family play at 1vice. I'm denying running the accounts, because I didn't. Nothing wrong with telling people about a great promo. Normally books pay you to do that. No terms were breached. I will get paid as will every one I sent there to play

Link to comment
Share on other sites

Lol u loaded up 25k for a two hour promo...would love to know how many "friends and family" you had going for the nba promo. Put it in the book when the fiasco wraps up.

Turns out I didn't need 25k, but other guys on the team busted with 25k. Roulette is very volatile. I lost 10k of that 25k. The bonuses werent added until the following day so I wanted to be sure I wasn't going to bust. Depositing was cake back then. I used credit cards for nearly all of it. (PayPal for the rest)

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...