Bonus hunting is a term for when players search the internet for casino bonus offers and only plays when they get one.
The players doing this are called bonus hunters (or bonus abusers if you ask the casino managers).
So how does this work, and why do people do it?
This is what we’re covering in today’s article, but first, we need to back up a little.
What are so-called casino bonuses?
Casino bonuses are in reality fake money tied to wagering requirements. If you clear the wagering tied to the bonus money, it converts into real money you can withdraw to your bank.
For example, if you claim a 100% deposit bonus up to £30 when depositing £30, you have £60 to play with.
The bonus you got had 35x wagering requirements, so to make your bonus money into real money, you need to wager £1050 on any slot machines or games.
It’s definitely not easy, but it’s also not impossible.
For example, if you play on slot machines with 98% RTP, this means that every time you bet £100, you get £98 back (in average over a really long period of time).
This makes it pretty easy to just grind on low stakes slots with high RTP to clear wagering requirements.
Why do casinos offer these bonuses?
Casino offer bonuses so players choose their casino over any other gambling site. It’s as simple as that, it’s pure marketing.
A funny fact is that casinos are actually counting their “bonus spend” as a marketing cost.
Bonuses come in different shapes, but the most common are these:
- Free spins on deposit
- Bonus money
- No deposit free spins
- Gamification bonuses (such as lottery wheels and scratch cards)
The best way to use casino bonuses to your advantage
So, we finally arrived at the main topic of today; how you can use casino bonuses to your advantage. On a side note, if you want a great bonus on a casino not on Gamstop we got you covered.
To make it as easy as possible to understand, I will do an example of how I would use the casino bonus on LeoVegas.com.
- First, I go to www.leovegas.com and click on “open account”.
- Secondly, I create my account and make a deposit of £100.
- The bonus I receive is 100%, so in total now I have £200 to play for. The bonus has to be wagered 35 times to become real money.
- If I only want to “earn” the £100 bonus I would start grinding low stakes right away, but I’m always in for the big win, so I take my money and head to the slot machine Dead or Alive.
- I then set the coin value to 0.50 and the bet level to 4. This is the maximum bet level and each spin with these settings will cost me 18 quid. However, if I hit the right symbols I will be set.
- Now it’s time to play. With £200 in the bank, I can afford 11 spins, however, it’s very hard not to win at least one time, so in reality, it’s usually around 20 spins.
- If I lose, I just go do the same thing at another casino (with maximum 35x wagering requirement). I do this until I hit a big win, then I do step 8.
- Step 8 is for when you hit that big win. Because you’re using casino bonuses you have twice as many shots at hitting the big wins, so sooner or later you will. It’s just plain mathematics. So, when you win big, you immediately stop playing Dead or Alive slot and go to the NetEnt game Blood Suckers. Here, you set the coin value to 0.01 and the bet level to 1. With this setting one spin costs £0.25. Now click “autoplay” and choose 1000 spins.
- That’s it. You might have to reset the auto spin to 1000 spins a few times, but most likely you will wager your winnings from your bonus money without any problems. This means you can withdraw your winnings and use them for other purposes.
But does it work?
Yes, in fact, it does work. There is a reason why casinos are spending a lot of time and effort trying to block what the call “bonus abusers” – It’s really costly for them. Even though the gross gambling yield of the UK gambling industry is worth £14.5 billion in total many casinos struggle to make a profit, and they try to minimize their bonus cost.
I have done this at multiple casinos and I have friends who do this on a regular basis. It really just takes a big win at 1 casino out of 10 to make a profit, and usually, you win more than that. However, it’s of course not a bullet-proof strategy, and you are risking to lose your money when gambling.