Lake Palace - Anyone understand the T & C?

[Gregory]

Lord, I have looked at these terms and conditions ten different times and still they are confusing, and I have no intention of dropping $200.00 in there until I do fully understand them. The only reason I keep going back and looking again is because they have a recommendation from here:
http://www.blackjackforumonline.com/...sino_blackjack
Note that they describe Lake Palace as "New! Lake Palace - 150% to $300 - cashable - No excluded games, withdraw whenever you want!"

However, the actual terms and conditions from Lake Palace aren't so straightforward:
http://www.lakepalace.com/terms-and-conditions.asp#

The actual part of their T & C that concerns me is the following which is located under "First Time Sign-Up Bonus(es)"
10. Prior to cashin a balance equal to, or greater than, the bonus amount must be in your account. This means that if you receive a $300 bonus, you cannot cashin before you've met the wagering requirements, and will have a balance of $300 left in your account after you cashin.

That certainly doesn't sound as though anyone can "withdraw whenever you want". Anybody else have a different take on this than me?

[E-town-guy]

sounds like a sticky bonus.

[aussiecounter]

Read VERY carefully. I think it was Lake Palace that has a clause in about the thrid linked to page of Ts and Cs that says Blackjack only counts as %2 towards WR.

I will check that now for you, and anyone else who wants to play there.

[aussiecounter]

As I said:

(a) Slots, American Roulette and Parlor Games count 100% towards wagering requirements
(b) Table Poker, all Roulettes excluding American Roulette, Casino War and Sicbo count 50% towards wagering requirements
(c) Video Poker, all Blackjacks except Classic Blackjack, Craps and Baccarat count 10% towards wagering requirements
(d) Classic Blackjack counts 2% towards wagering requirements


So, a 30x WR on $300 is $9,000 to start. If BJ only counts 10% that means a $90,000 WR for BJ. $450,000 for Classic BJ.

Not sure on the house edge there, but a general 0.5% edge applied to that $90,000 would mean $450, so its not viable.

[Gregory]

Originally Posted by aussiecounter

As I said:

(a) Slots, American Roulette and Parlor Games count 100% towards wagering requirements
(b) Table Poker, all Roulettes excluding American Roulette, Casino War and Sicbo count 50% towards wagering requirements
(c) Video Poker, all Blackjacks except Classic Blackjack, Craps and Baccarat count 10% towards wagering requirements
(d) Classic Blackjack counts 2% towards wagering requirements


So, a 30x WR on $300 is $9,000 to start. If BJ only counts 10% that means a $90,000 WR for BJ. $450,000 for Classic BJ.

Not sure on the house edge there, but a general 0.5% edge applied to that $90,000 would mean $450, so its not viable.

Heh, I noticed the horrendous WR on blackjack when I dug through them once a while back, but just let it go by since I saw other problems that were even more pressing. A $450,000 dollar WR on classic blackjack? Now that's humor.
Then they go on in great length about how you have two accounts a real money and a bonus money account and how money is moved from one to the other but if you win using bonus money then the bonus money is credited to the bonus money account unless it is equal to or greater your starting bonus money amount in which case the money is credited to your real money account but all monies are ... blah ... blah ... blah