Most online casinos provide incentives to new players, to attract them to join. Bonus hunting is the demonstration of exploiting these motivating offers and to benefit from it in the long run. Also called bonus whoring and bonus bagging which is quite famous among online gamblers. The essential idea of bonus hunting is quite simple, yet it requires a reasonable time and exertion to be utilized effectively, in order to get to most out of it.
Casino Bonus Hunting
Online casino bonuses are not always what they appear to be, sometimes they appear unrealistic. On a superficial level these bonuses look extraordinary, however, if you see the bigger picture it is not always what it seems.
Almost all online casinos have additional bonus conditions to be met. In order to withdraw the bonus you need to play through the bonus amount multiple times.
Bonus hunting at the online casino was used to be a great method to bring in some cash. Every online casino on the web offers alluring sign-up reward that entices the gamblers. However it might be a bit more difficult these days to find really interesting bonus conditions.
For example when you see a 100% deposit bonus with easy wagering requirements like 15 times and no game limitations? With a deal like this, everyone will opt in for such a bonus. Suppose you deposit €100, you will have a sum of €200 to play with. Before you could make a withdrawal you need to play through at least €1.500 for the received bonus amount.
By playing a low house edge game, like blackjack, it would generally be simple to meet this wagering requirement of the casino bonus. After meeting the wagering requirements you could then pull out for an easy profit of €100. Another tactic would be to play video slots with a high RTP (Return to Player) value, for example 97%. In theory 97% of your bets will be payout again in won prizes. In the long run you will not make profit, but it might be enough for you to meet the wagering requirement of the online casino.
Things you need to know before bonus hunting
Bonus hunting is all about the player’s own qualities and mindset, that whether he wants to play professionally or just for time to pass. Factors like endurance, mathematical insight and high commitment are required for bonus hunting. We have discussed some important formulas for bonus hunting below.
- Firstly, the bonus hunter must be well aware of the online casinos. You must sign up at a trusted casino, as the rogue casinos might give you problems when you want to cash out.
- Sign up at online casinos, who offer generous bonuses and promotions
- Try to search for large bonuses with low wagering requirements.
- While determining your deposit value, you must always consider the wagering requirements. For example meeting the wagering requirements of 45x the bonus value will require a much higher deposit value, than a lower wagering requirement of for example 20x.
- Try to withdraw small amounts in stead of one large amount. When a larger withdrawal is requested the validation process is more extensive. This can get you into problems when you want to withdraw your winnings, especially when the online casino is under the impression you did not meet requirements.
Is casino bonus hunting worth it?
Is casino bonus hunting worth it? Yes and no, casino bonus hunting is not risk-free. There is always a chance that you will have bad luck. Casino games still remain games of chance, you can win or loose.
If it is worth to try to hunt for a casino bonus depends all on the wagering requirements, if these wagering requirements are not realistic to meet. Than it is better to search further for better bonus conditions. Wagering requirements of 45x and above are seen as high and not attractive. Wager requirements of 35x are very common and can be beneficial if you play the right games with a low house edge. Wagering requirements of 20x and lower are very attractive.
With many online casinos to join, there’s are a lot of opportunities worth to exploit. However, the risk factor of gambling is always involved, but again the reward can be worth taking the risk.
Types of casino bonuses
Probably the best motivation behind why individuals love to play in an online casino is the interesting selecting of bonuses. These promotions can truly spice up your bets and make your gambling experience even more interesting.
One of the main reasons why online casinos offer many bonuses for all casino players is that there is a lot of competition between the brands. When you are a valued customer even more interesting unique bonuses with better wagering requirements can come your way.
- Welcome bonuses or sign-up bonuses:
The deposit bonus is presented to all new casino players when they join.
- No deposit bonus:
This bonus money is awarded for free, there is no deposit needed.
- Free spins:
These free spins are awarded as part of the welcome package or as an additional bonus. Free spins are free game rounds on a specific slot machine.
- Monthly bonuses:
Monly promotions that are accessible to all casino players with an account.
- Selective offers:
Specific offers for valued casino players, sometimes with better wager requirements.
Four tips to clear the casino bonus
- Think about the deposit value:
To clear a casino bonus you need to deposit enough to be able to play through the bonus according to the wagering requirements. Calculate the amount that is necessary to meet these conditions. Also take into account the RTP value of the game your are going to play.
- Select the most effective game:
Search for the right game with an high RTP (Return Player Value). For example, the basic blackjack strategy or a slot game with an RTP of 97% or more. Make sure that you can play the game of your choice to meet these bonus conditions.
- Understand the bonus condition:
Ensure you read all the bonus conditions prior to setting aside an amount to bet. There are limits on some of the games or there can be high wagering requirements. Before going for a specific bonus, make sure you have read all the conditions and that you completely understand it.
- Look for payment methods with extra bonuses:
Sometimes it pays off to deposit with payment methodes like Neteller or Skrill. Sometimes online casinos are handing out extra bonuses for customers using these e-wallets. The extra bonuses are 5% to 25% of the deposit amount. Ensure these rewards can be combined with your first deposit bonus.