Many casinos offer incentives as a way to lure in and retain customers. Bonuses are one of the most sought-after features of gambling as they offer players an additional chance to win with perks like free spins and deposit matching in bonus cash.
While most people use these bonuses in the way that they were meant to be used, others have taken advantage of these extras to make a larger profit. Bonus hunting is a term that coincides with advantage players. Advantage players are gamblers who strategically target and exploit casino promotions to gain an edge on the house.
In the past, this popular casino streaming concept meant big bucks for players who knew how to work the system. Today, it’s not as easy to pull off.
The History of Bonus Hunting
When casinos first started offering bonuses to their customers, there were a lot fewer rules and regulations then there are today. While casinos still offer players the chance to win high bonus amounts, it has become much more difficult to meet the required terms and conditions. Restrictions were put in place in within the last decade to make it more difficult for advantage players to turn a profit.
Up until 2005, casinos were liberal in the way bonuses were rewarded. It wasn’t just slot players who could gain access to these rewards. Table players too could reap the benefits of casino bonuses. When playing a table game with a low house edge such as blackjack, it would be fairly easy to meet wagering requirements while still having extra funds leftover thanks to bonuses like 100% deposit match bonuses with ten times wagering requirements.
While bonus hunting is not as lucrative as it used to be, there are still some great bonus opportunities out there. Of course, you’re not going to make risk-free profits but you can certainly get some value from bonuses if you are willing to get more chips to play with.
How Bonus Hunting Works Today
To prevent players from taking advantage of bonuses, operators have significantly improved their calculations to make these rewards more difficult to get. However, this doesn’t mean that bonus hunting is obsolete. Today, bonus hunting is based on high volatility and having a big bankroll. In other words, if you have money to burn, you can make bonus hunting worthwhile.
The first step involves signing up for an online casino that offers generous bonuses. Start with a slot machine that has a high volatility and go for a big bet. While there is a chance that you could lose big, there’s also a chance that you could win a substantial sum. Be sure to have a threshold in place that allows you to meet your wagering requirement for withdrawal. If you get lucky, you’ll be able to cash out. Remember that it may some time before this process makes a profit. You can increase your odds of making a profit by finding slots with the highest return to play (RTP).
While you won’t be able to make a consistent profit, be sure to make use of free spins and no deposit offers. These types of promotions cost you nothing but give you the chance to win. These freebies are easy to use. Simply use up your free spins and any winnings you get will be converted into free bonus cash. You can then choose to use your free cash to play a highly volatile strategy on the slots. Play aggressively by placing large bets on fewer spins. While there’s a chance you could lose it all, you could also win big.
One major distinction to make is that most online casino bonuses are not actually “cashable.” These types of casinos are known as “sticky” or “phantom” and work slightly differently from one another. A sticky bonus will stay in your account until you cash out. A phantom bonus is subtracted from your balance when you make your withdrawal.
Therefore, if you’re going bonus hunting solely to make cash, it’s not going to work. The work around to this rule is to use your bonus winnings as wagers. You can only cash out your own money and any winnings that you may have accrued.
Get Started Bonus Hunting
Most casinos have gotten strict about their policies and wagering requirements that when it comes to bonuses, they are not really a profit-making endeavor. However, that doesn’t mean you should avoid them.
On the contrary, there’s a possibility you could make some money and with options like free spins and no deposit offers, there’s no reason not to try. To make the most of bonus hunting, stick with casinos that you know you can trust, play on slots that pay smaller amounts frequently so you can meet the bonus requirements, and make a withdrawal once you have cleared the bonus.