Casino Bonus Hunting: Is It a Viable Strategy?
Nowadays, there is a plethora of online casinos and bookmakers from which to choose.
Being such a competitive landscape, we are surrounded and at times bombarded by an abundance of casino bonus offers such as GGBet’s Casino Bonus.
- “Deposit $50, get 50 free spins”
- “100% bonus up to $100”
- “Risk-free no deposit bonus when you register a payment method”
You get the picture! One logical question therefore is whether it’s a viable strategy to hunt for casino bonuses.
Wagering Requirements
The first thing that you need to do when looking at casino bonuses is the wagering requirements. This is a condition that many operators impose on bonuses that specify the number of times that you need to turn over your bonus.
For example, a $50 bonus with a wagering requirement of x3 means that you need to wager $150 on casino games before you can withdraw your winnings.
The casino games that you can use will determine whether such terms are worth it and a look at a game’s Return to Player percentage (RTP%) will inform if this is a viable strategy.
Maximum Win
Sometimes, a maximum win condition will be buried in casino bonus/free spins terms and conditions.
If there are high wagering requirements but the maximum win is relatively low, this might not be a legitimate use of your time.
Verification Procedures
The more casinos that you sign up to, the more player verification procedures you need to undertake. Such verification processes require you to upload copies of your identification documents and proof of address.
This can be an arduous process and if you are hunting for casino bonuses and free spins, we recommend that you keep such documents digitally to hand to negate the need to be continuously scanning documents.
Casino Games
If you are going to undertake a strategy whereby you are hunting for casino bonuses and free spins, you must familiarize yourself with the RTP% of casino games that you are permitted to use for the bonus or free spins.
Generally, the best game that you can use is blackjack, especially if a perfect blackjack strategy is applied. Perfect blackjack strategy charts can be found across the internet and will reduce the house edge to just 0.5%.
Is It Worth It?
Sometimes! This depends on the terms of the bonus and the time it takes to undertake arduous wagering requirements.
Players can reduce the time taken to turn over a bonus by increasing the stake but this also increases the variance (the swings between hitting a big win and losing your bonus).
Moreover, casino bonuses are often more generous for new player sign-ups meaning that bonus hunting becomes less sustainable once a player has signed up to the majority of available online casinos. There continues to be a wide range of value on offer concerning casino game bonuses and free spins.
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