K8 - Deposit For Free Spins With Wagering Existing Customer Offer

K8.com provide lots of free spin offers for existing members, some are available via their promotions page and some are available for only specific users that are sent via email. This offer was found via email, but was available to all.

Risk

Low / medium risk offer - please do not attempt unless you are happy with putting your deposit at risk.

Check Terms & Create Strategy

Let´s take a look at the full terms of the offer, key offer terms have been highlighted:

1. Deposit a minimum of £25 and receive 50 free spins on Halloween Jack.
2. This offer is available 31st October 2018.
3. Any winnings from the free spins will be transferred to the bonus wallet as a bonus once all the spins have been played and winnings must be wagered 30x (thirty times) before the funds are released to real funds (real money and bonus money bets count towards wagering). Maximum winnings from free spins: £250.
4. Each free spin has a value of 20p
5. Once free spins have been played through, players have 7 days to complete wagering requirements, at which point any remaining bonus and pending winnings will expire.
6. In the interest of fair gaming, the maximum stake allowed per game round when you are betting with bonus funds, is £5 or currency equivalent.
7. K8 casino reserves the right to remove the offer to anyone found to be abusing the promotion.
8. Bonus funds can be wagered on all casino games except; all Video Poker Games;live table games, non-live Table Games and the following slots games: All Tom Horn / Thunderkick / Elk games, Scrooge, Devil’s Delight, The Wish Master, Pearls of India, Tower Quest, Loaded, Thunderstruck, Egyptian Heroes™, Wild Turkey, Lights, South Park™, Jack and the Beanstalk, Flowers, Tomb Raider 2, Castle Builder, Castle Builder II, Dragon’s Myth, Forsaken Kingdom, Untamed Wolf Pack, Untamed Giant Panda, Untamed Bengal Tiger, Untamed Crowned Eagle, Peek-a-Boo, Stardust, Cool Buck, Beautiful Bones, Crown and Anchor.
9.The majority of games contribute 100% towards the wagering requirement, but please note that some games contribute less. Click here for a complete list of games and their wagering contribution.
10. In the rare event that the bonus is not automatically granted after making a qualifying deposit, please login to your account again to activate your Spins.
11. In the event of a dispute, our complaints procedure can be found here

Now to put together our yesbets offer strategy

Qualifier: Deposit £25
Trigger: Automatic
Reward: 50 free spins, £0.20 each on “Halloween Jack” (x30 wagering)
Notes: £5 max spin while using bonus. Check excluded slots list.

Need help on checking terms & strategy creation?

Assessing Value

Before jumping into completing an offer it´s important to step back and check to see if it offers value (i.e. provides a +EV value), in order to do this we use the quick cruncher software that is available to all premium members.

Wager deposit EV: -£0.12
Wager free spin winnings EV: £5.87
Total EV: +£5.75

Now we have our strategy and value calculated, lets take you through a full K8 example of a deposit and receive free spins with wagering offer.

Step By Step

1. Deposit

Make sure to select the correct bonus when depositing otherwise you will not receive the free spin bonus.

2. Check Free Spins Credited

Before starting on the offer, always check to make sure you have received the free spins. Open “Halloween Jack”, there will be a popup showing the free spins

3. Wager Deposit

Wtih K8 you can´t withdraw after wagering your deposit. In order to remove our cash balance before playing our free spins, we are going to place a £25 qualifying bet.

This has been tried and tested, however this is a loophole and could be closed at any time. We are going to use the OddsMatcher to find a match for our £25 cash balance. Enter all required criteria into the refinements (k8, normal, £25 stake). Look at selecting a bet that provides enough time for us to finish the bonus (and wagering) before the sports bet settles.

4. Play Free Spins

Now we have a £0 cash balance, it´s time to play our free spins. Auto spin 50.

5. Wager Winnings

We now have a a bonus balance (all winnings from the free spins). We now need to wager x30 before the bonus converts to cash balance and is available to withdraw.

Can we check wagering?

K8 provides us with an easy way of checking the wagering progression. Please see “active bonus” page.

I’m opting for Twin Spin (RTP: 96.61%. Variance: MED, using £0.25 spin value (max lines) using the auto clicker. Quick crunch provides us a the following stats:
Percentage chance of completing: 13%
EV: +£6.46

Need help on wagering a casino bonus please see:

6. Complete

Two scenarios:

Wagering complete (profit) - we have completed wagering, all bonus funds have now moved to our cash balance and are available to withdraw
Bust out (no profit) - we have used all bonus funds and have not completed wagering. The offer is over and unfortunately we don’t have any profit to show for it.

With this offer I didn´t manage to complete wagering, and as I only had a few pence remaining a opted to “forfeit” the bonus. Instead of needing to find a 1p slot, this will remove the remaining bonus from the account