One of the greatest advantages of playing at online casinos and essentially spinning the reels is the ability to hop from one casino to another and snatching their generous casino bonuses as you go along.
Among most slot players, this system is known as bonus hunting. While some players believe that bonus hunting is somewhat unfair, there is no truth to this. In fact, online casinos offer bonuses with the aim of luring new players.
Casinos don’t have a problem whatsoever with getting new players who want to take advantage of their casino bonus offers, as long as they adhere to the terms and regulations that come with the offers.
Today, we will be looking into what makes a casino bonus and how to best maximize your returns.
Can you cash an online casino bonus?
This should be your deciding factor when it comes to whether you should accept the bonus or not. Most casinos have terms and conditions that state that “the cash deposit shall be played before the bonus amount, winnings from the bonus are cashable, but the bonus itself is not and will be removed upon a withdrawal request.”
There two types of bonuses that cannot be cashed out, namely the Sticky Bonus and the Phantom Bonus. There is a massive difference between the two.
A Phantom bonus is a bonus that disappears once a player requests a withdrawal. Since the player’s cash deposit is played first, it means that anything that is lost after the bonus is added will be lost when the player asks for a withdrawal.
Let’s put this into an example. Let’s imagine that a player is making a deposit of £100 and receives a 100% match bonus of £100 with a 20x wagering requirement. This would mean that the player must wager a total of £4,000 before the bonus is completed.
The player must, therefore, bet that sum and cannot make a withdrawal. Now let’s imagine that the same player is playing a casino game with a 1% house edge and needs to win £4,000. This would mean that he is expected to make a loss of £40 and will, in the end, have a bonus and a cash sum of £160.
Of course, once the player asks for a withdrawal, the bonus will disappear. Since the cash must be played first, the player might or might not have used any part of the bonus. The £100 bonus is removed and the player can withdraw a total of £60.
Sticky bonuses, on the other hand, are quite valuable when you need to make a withdrawal as the bonus is not lost and stays in your account. The player can win with bonus money many times and may continue to request cash withdrawals each time the player gets ahead of the amount remaining on the bonus. These cash withdrawal requests can then be cancelled and combined into a big withdrawal.
In the rare case that the bonus itself is cashable, you can apply the following strategy. Pick a casino game with the lowest house edge and determine the expected loss. If the expected loss would result in the bonus remaining and it can be cashed out, then this would be profitable for you.
You can spin the reels at the following online casinos:
Bonus hunting tricks: The basics
When it comes to a good online slots strategy system, most players quickly realise that there isn’t much you can do to influence the results since slot games employ the services of a Random Number Generator.
The Random Number Generators ensure that every player stands a fair chance of winning. Ultimately, your fate relies heavily on luck and there is not much you can do.
It is because of this very reason, that many strategies recommend looking for an outside source to give you a better chance of winning and bonus hunting is one of them. There are no tips or tricks that we can provide you in a bid to fool the slot machine, but if you can play with maybe twice or three times the amount you deposited, that’s your next best bet.
If you are not familiar with bonus hunting, there are a number of things that you need to know in order to get you started. Almost all online casino offer some sort of incentive, namely in the form of deposit bonuses and the difference between one incentive and the other could be quite staggering.
There are times you will come across a 500% match bonus which is great on paper but if you go through its terms and conditions, you will notice that the wagering requirements are so high that the bonus itself is not worth your time.
The best casino bonus offers tend to be the ones that give you a reasonable bonus with reasonable wagering requirements. Usually, these bonuses tend to be in the range between 100% and 200% with wagering requirements in the region of 25x or 30x.
This does not mean that you should not shop around but once you’ve gone through multiple offers, settle for the one that offers you the best value.
Luckily for our readers, we have done all the work for you so you don’t have to search high and low for the best casino bonuses. You can check out our list of trusted online casinos as well as their bonuses right here.
If you feel like browsing through a bigger selection, click on the below button to see more great offers.