Most online gambling sites offer incentives to new players as a means of encouraging them to become their customers.
Bonus hunting is the way of using these incentives to your advantage. In most cases, this strategy requires a certain amount of cash, but in return, it allows gamblers to benefit from the available promotions.
The basic idea behind this concept is pretty easy, although it will take some time effort to master it.
Bonus hunting may be very profitable, although many gamblers claim that it’s not worth the time anymore. The fact is it has gotten harder, but with the number of online gambling sites rising over the years, there are certainly more opportunities.
In this article, we’ll focus on casino bonus hunting, see how it works, and try to give our opinion on whether or not this strategy can work for you.
What is Bonus Hunting?
If you’re making your first steps in the exciting world of online gambling, you may not be familiar with the bonuses available to new players.
In a competitive online market, these offers, also known as sign-up bonuses, have one goal: to draw the attention of new customers. They represent a crucial part of every site’s marketing plan.
Back in the day, when sign-up bonuses first appeared, they were more generous. That didn’t necessarily mean they gave away more money. In most cases, the required terms and conditions were a lot easier to meet.
Today, the terms and conditions are a lot stricter, which in turn means it’s much harder to make a profit. Don’t get us wrong, you can still do that, but it’s tough to find such opportunities.
Casino Bonus Hunting
Bonus hunting at online casinos was a great way to earn money, as almost all of them offered sign-up bonuses with player-friendly terms and conditions.
In some cases, these offers included a 100% deposit match bonus, with no game restrictions and wagering requirements of ten times. Such offers attracted a significant number of players who made deposits to claim the maximum amount available.
Players would choose a game with a low house edge, where meeting the wagering requirement was relatively easy. Take blackjack, for example. With an offer like this one, you could bet on both black and red to meet the wagering requirements. Do this for enough number of spins, and avoid the zero, and you could easily withdraw and keep your bonus intact. Even you hit a couple of zeros, you could still profit from the offer.
However, terms and conditions are much stricter today. Wagering requirements are much higher and limit the contribution of low house edge games to only a certain percentage.
Nevertheless, many online casino bonuses are still appealing, although it’s hard to make a profit. You can use a specific strategy, although it will be too hard to get the desired effect. Even if a casino bonus can be used to get a profit, the amount of money you’ll earn will most likely be low.