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Someone once claimed a 0.6\u202f% chance of turning a \u00a310 no\u2011deposit bonus into a \u00a3500 win. That probability, when multiplied by the average churn rate of 33\u202f% among new registrants, yields a near\u2011zero expectation. In other words, the casino\u2019s profit from the bonus equals the expected loss of the player, plus a tidy margin.<\/p>\n
But the marketing departments keep shouting \u201cfree money\u201d like it\u2019s a charity drive. They forget that the word \u201cfree\u201d in this context is a synonym for \u201cconditionally unavailable\u201d.<\/p>\n
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