You may have heard of a guy named Don Johnson. Not the one of Miami Vice fame; rather the Don Johnson who fleeced a bunch of Atlantic City casinos to the tune of $15 million playing blackjack back in 2011.
Johnson’s now legendary smashing of Caesars, Borgata and the Tropicana was made possible because he was able to negotiate some key terms of play with the casinos. Key among these was a healthy loss rebate. As an example, he managed to convince the Borgata to rebate him 20% of all losses, with no upper limit.
Unlimited loss rebate deals are rare – particularly at online casinos. That’s why I was surprised to read about a new offer from William Hill, with headline terms as follows:
- 25% rebate on weekly live game net losses (in addition to other select games).
- Unlimited – there is no upper limit on the value of your rebate.
- Paid into your casino account as cash with no wager terms attached.
What’s more, the offer is running until the end of the year.
If you win one week then the full net win is yours of course. If you lose the next week, 25% of your loss is back in your account by 5pm Monday.
Prior weekly wins do not in anyway diminish your loss rebate calculation in other weeks. So if you were to play high returning games (eg blackjack applying basic strategy, or even easier – live baccarat sticking to Banker bets) then an already skinny house edge is turned anorexic after some of your weekly losses are rebated.
What’s the catch?
There are some restrictions on who can take advantage of this offer. For one, it is invitation only. Per the terms…
This Promotion is a private promotion and is only available to customers who received this Promotion offer via email from William Hill or via inbox message to their Account.
So, you’ll need to open an account and see if you make the invitation list. Online casinos are usually a pretty inclusive lot when it comes to getting their players involved in the action, so I would suspect your chances are pretty good in this regard!
You will can make the list if your casino account currency is either GBP (£), EUR (€), USD ($) or CAD ($). So make sure you choose one of these currency options on sign-up.
You will also need to stake €/£/$ 500 or more each week to qualify for the rebate.
There are of course other offer terms, the main ones you can read here. But none of them constitute ‘the catch’ so to speak. This is an unusually generous offer.