Casino bonuses are one of the most effective means of fighting for customers, which is why they cannot be missing from the offer of any online casino. It’s gotten to the point where a casino without a bonus would have no chance at all in a competitive battle. Casinos are therefore literally racing to offer sign-up and welcome bonuses just to lure someone into their ranks. Some customers are smart enough to take advantage of this offer. And some try to take advantage of it to the fullest extent.
In the early days of the bonus craze, casinos didn’t put any conditions on bonuses, but that’s changing over time. Nowadays, virtually every bonus offered by an online casino is subject to some sort of condition, whether it’s the number of spins or a time limit. And the conditions for earning bonuses are constantly tightening. Therefore, collecting bonuses in their full amount is becoming more and more difficult every day. And so the aim of this article is to answer the question, is it possible to make money on casino bonuses these days?
Tip: When hunting for bonuses, you should remember that it is strictly forbidden to open multiple accounts at the same time in online casinos.
Bonus hunters – an introduction to the issue
Since an online casino can be run by practically anyone with a little effort and determination, there is a huge glut in this field at the moment. Casinos must therefore try to fight for their customers by all means. Casino bonuses are the most effective means of competition.
There are plenty of casino bonuses, many of which you can get just for signing up or depositing money for the first time. Therefore, some players try to be a little more creative and sign up to a larger number of online casinos, collecting the bonuses on offer at each of these venues. And they then try to cash out and make a profit as quickly as possible. These players are called “bonus hunters”.
How do bonus hunters work?
A bonus hunter signs up to an online casino in order to collect the bonuses offered. He then tries to meet all the conditions to earn the bonuses, that is, for example, to deposit the bonus money into the game. Once all the conditions for earning the bonus have been met, he withdraws the money and repeats the process at another online casino.
What bonuses are best for bonus hunters?
In this case, the fewer conditions for earning a bonus the casino has, the better for us. Let’s take a look at what bonuses are the most advantageous for earning and withdrawing money instantly.
Instant bonuses (sign-up bonuses)
From the bonus hunters’ point of view, the best bonuses ever are the so-called “instant bonuses”, which are usually given out with the registration to an online casino. As part of this bonus, you will usually get free money in the form of bonus money. This money then just needs to be deposited into the game once. All the money you earn while playing for the bonus money is yours.
Of course, not all instant bonuses are completely without conditions. Sometimes you may find that you have to re-deposit the money won in a bonus money game up to five times. In this case, your situation becomes significantly more complicated. In order to avoid unpleasant surprises, we recommend that you always read all the terms and conditions carefully before registering at an online casino.
Another advantageous type of bonuses are free spins. Free spins offer you free spins on your chosen slot machine, and the money you spin is yours. However, there may also be additional conditions attached to free spins, most notably the need to spin the money you win. Again, we urge you to read carefully what you need to do to get the bonus before you register at the online casino. Free spins are awarded both in the form of registration bonuses and in the form of so-called reload bonuses.
The least profitable type of bonus from the point of view of bonus hunters are deposit bonuses. This is because for this type of bonuses you have to deposit and risk your own money already in the casino. However, the higher the value of the bonus and the lower the wagering requirement, the more useful the bonus is from the player’s point of view.
This means that a bonus worth 200% up to $100 will be more profitable than a bonus worth 100% up to $100. Theoretically speaking, a bonus worth 200% up to $100 would also be more profitable than a bonus worth 100% up to $200, for the reason that you have to risk a little less of your own money to get such a bonus.
Furthermore, a bonus that you have to spin 10 times would obviously be more profitable than a bonus that you have to spin 30 times. However, from this point of view, again, it also depends on the bonus value mentioned above and the total amount of the payout.
Can you make money on casino bonuses – Final Summary
While online casinos often offer fat bonuses, one must first familiarize oneself with their terms and conditions, as these can only turn a given bonus into a treasure or, on the contrary, into something completely worthless. The truth is that the terms and conditions for earning bonuses at online casinos are increasing year after year, along with the way online casinos are fighting back against bonus hunters in particular.
In order for bonus hunters to be profitable nowadays, they have to sign up to a bunch of online casinos. Meanwhile, the earnings from signing up to online casinos are nowhere near as high as they used to be years ago when bonuses were not subject to such strict conditions. So bonus hunters have an increasingly difficult job and increasingly smaller earnings. It is not possible to make a living from this activity, but it can still be a very good way to earn a living.