Online Casino Bonus Hunting: Tips and tricks for mastering
promotions at internet gambling sites.
websites are known for providing a lot of things their land-based
cousins cannot, or will not. The most famous of all is their
incentives. Internet casinos must compete against thousands of
operators, not just other local establishments, and the most
important thing is to get players in the virtual door. To that end,
every online casino presents new players with a bonus, either for
signing up, depositing, or both.
In years past,
these bonus offers were so favorable that the best bonus hunters
could virtually guarantee a profit – or at least guarantee no cash
loss – just by going from one operator to the next and redeeming
their promotions. The casinos have wizened up a bit since then, but
there are still some fantastic opportunities to make the most of your
bankroll by seeking out the most valuable new player incentives.
Online Casino Bonus Hunting
Bonus hunting is
a term that identifies the act of comparing all the important aspects
of online casino promotions to find the ones most likely to benefit
your bankroll. It’s not as easy as it sounds, because online
casinos don’t lay all this information out in one place. Then
again, it’s not so difficult either, so long as you know what to
look for, and where to find it.
There are four
major elements to decipher. First is the size and matching percentage
rate of the bonus. Next is the wagering requirements attached to it.
Then, you need to determine which games are eligible for meeting WR.
Last, you must identify how much of your winnings, if any, can be
withdrawn upon WR completion.
enough, right? Let’s take a closer look.
Step 1: Size of Casino Bonus
This is the
easiest part, and the one most players are attracted to by nature.
The size of the bonus is generally displayed in large, bold, shining
letters. It might say something like “100% up to $1,000”,
or “200% up to $400”. This means that your first deposit
will be matched at the corresponding percentage rate, up to a maximum
of that much money.
Some casinos will
not display a percentage rate, instead showing a max bonus cash
amount, such as “$1,200 for New Players”. These bonus are
more likely to pay smaller amounts over the course of multiple
deposits. For example, you may be offered an appealing 100% up to
$500 on the first deposit, followed by a lesser 25% up to $250 on the
second, 50% up to $250 on the third, and another 75% up to $200 on
the fourth. Be sure to click on the bonus to read more about it.
Step 2: Bonus Wagering Requirements
This can be the
most confusing section of all if you’re not familiar with it, but
it’s actually quite simple. Wagering requirements (aka play
through) are found in the bonus terms and condition (yes, you must
read the fine print!). They tell you how much money you have to wager
in order to keep any winnings from the bonus.
A typical set of
WR will be “40x the deposit + bonus”. Let’s say
you deposit $100 and receive a 100% match of $100; a total
deposit+bonus of $200. We multiply that by the 40x WR to get this…
$200 * 40 =
This means you’ll
need to place $8,000 in qualifying wagers to clear the bonus. If you
attempt to request a cash out before completing WR, all bonus money
will be stripped from your account.
You can rest assured that, somewhere in the bonus terms, there’s a line that states your cash balance will be wagered before your bonus balance. Long story short, don’t request a withdrawal before completing WR, or you’ll probably lose everything.
In order to
complete WR, you must only play games that qualify towards play
through. Unfortunately, not all eligible games count the same amount
towards WR. Slot machines will contribute 100%. They always do. Every
$1 bet on the slots will count as $1 towards WR. Other games may
contribute less, or not at all.
roulette and blackjack usually contribute just 10% towards play
through. At that rate, it would take $10 in bets to accumulate $1 in
WR. All of this information will be found in the bonus terms, as
are deemed “slots bonuses” only. For these, you’ll have to play
online slot machines to clear the bonus. Nothing else will count.
Step 4: Cashable Winnings
Last but not
least, you need to know how much of your winnings, if any, can be
cashed out upon WR completion. Most online casinos will limit the
cashable bonus to $200. Others drop it to $100. In rare cases, you’ll
find bonuses that are not cashable at all. These are the worst of
all. What’s the point of going through all that trouble to redeem
and clear a bonus if you can’t keep any of the winnings? Read the
terms carefully to make sure you’re not getting duped!
The first few tries, it may take you some time to determine the true value of a promotion, but once you get the hand of online casino bonus hunting, you’ll find it’s a breeze. Actually clearing those wagering requirements – that’s the hard part! Then again, when you’re investment is low enough, a little luck can go a long way towards profiteering.
Royal Vegas is our editorial pick for safe Canadian gaming. Currently offering an entire suite of live dealer games, as well as a good range of Canadian deposit options in 2021. RV truly offers a world-class gaming experience, with countless table games. Shoot craps in real time and see the result through multiple camera angles. Or ask the beautiful live dealer to “hit me”. Why not join the fun ?