If you are looking for a way to make quick money, casino bonus hunting can be a great option. The key to low-risk bonus bagging is to manage your bet size to match your cash. Simply put, make small bets when you start.
If you’re not familiar with the concept – casino bonus hunting takes advantage of lucrative free cash offers from casinos. These offers require you to place a certain number of bets before you can withdraw the free money. You will make a profit as long as the free money is more than the amount you give back at the casino melbet during the wagering requirement. Casinos actually want you to take their money – these bonuses are designed as loss leaders and they hope to make up for their losses from future games.
The key is to avoid the mistakes that regular gamblers make.
– Do not play slots as they have a high house advantage. Play a low house edge game like blackjack.
– Stop playing when the bonus can be withdrawn. Every extra bet you place gives the casino money back. The cash is yours now.
How does this work in practice? Take the current Gamebookers casino bonus as an example: deposit 100 EUR, receive a 50 EUR bonus and place a bet before withdrawing. The expected profit in Blackjack is 45 Euros but that doesn’t tell you anything about the risk. Using a blackjack bonus simulator, we can determine that the probability of losing with bets of 1 EUR is about 9%.
Gamebookers’ tables are as low as 0.1 EUR. Playing this low may arouse suspicion among casino managers, but a 0.5 EUR bet would be reasonable. So what is the probability of making a loss now? Using the simulator, we can see that the probability of making a loss is less than 3%. This is a very low risk offer.
The problem is that if you bet that low, it will take forever to clear the bonus. Even at EUR1/hand you may be looking at 3 hours to complete the wagering requirement. At other casinos with larger wagering requirements, you may be spending over 30 hours of monotonous clicking to clear the bonus from Β£1 per hand.
The first solution is to increase your risk. Let’s say you are tired of dealing with Β£1/hand for hours (who wouldn’t?) and you want to finish the Gamebookers bonus within the next half hour and increase your bet to β¬5/hand. The bonus simulator now tells us that we have a 28% chance of losing and a 5% chance of losing our entire 100 EUR deposit. Risking 100 euros for an expected profit of 45 euros does not sound like such a good offer.
The second and more popular solution is to get an autoplayer or blackjack robot that will do this for you. A few casinos have autoplay at blackjack tables (eg Intercasino, 32Red, Ladbrokes). It’s not usually available in lowest case edge games, but it will get the job done. If the casino does not have built-in autoplay, you will need to use an external robot. This plays just like a human with the advantage that you don’t have to be on the PC while clearing the jackpots. The downside is that it will cost you money upfront, but in the long run you will make up for it many times over.
Once you have mastered the blackjack bonuses and built up your bankroll, you may want to move on to Video Poker bonuses where much larger payoffs are possible. This carries a greater risk and is not suitable for beginners.