How to Find Profitable Casino Bonus Opportunities
August 23, 2013
The online casino industry is full of chances to get bonuses. There are welcome bonuses, reload bonuses, static bonuses, and all kinds of other promotions out there promising to give you a chance to pad your bankroll. However, not all bonus offers are as good as others. It could take forever to read all of the fine print and terms and conditions for all of the bonuses out there, so we're going to show you everything that you need to know about bonuses in general so that you can find profitable opportunities to take advantage of and really pad your bankroll.
First off, you need to pay attention to whether or not your bonus is cashable. When a bonus isn't cashable, you can't ever make a withdrawal for your bonus amount. You can wager with it as much as you want, but it's taken out of your next cash out. Cashable bonuses, on the other hand, become just like normal cash in your account once it's cleared. You should target cashable bonuses in the vast majority of cases and stay away from non-cashable offers since they're much more difficult to profit from. While having a non-cashable bonus is better than having no bonus at all, it's nothing compared to having a fully-cashable offer turn into cash in your account.
Once you know you're dealing with a cashable offer, you should take a look at the games that you're allowed to play for the bonus. You'll want to go after bonuses that allow games that either have a small house advantage or that are your favorite games to play. In short, the bonus restrictions should be favorable to you in terms of profitability or in terms of enjoying your time at the online casino.
Finally, you need to compare the wagering requirements to the amount that you expect to lose, on average, while you clear them. For example, suppose you have a 100 percent match bonus for $50, and the play-through requirement are 20 times the sum of the bonus and the deposit. You will be playing through a total of $2,000 to clear the requirement. If the game you play has a house advantage of 2.5 percent, then you'll lose $50 on average from your play. This means you will break even on your bonus, and you can see how a higher house advantage would mean that the offer was not profitable.