If you are looking for a way to make money fast, hunting for casino bonuses can be an excellent option. The key to the low risk bonus is managing your bet size so that it is appropriate for your bankroll. Simply put, bet small 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 your money for free. As long as the free money is greater than the amount you return to the casino during the wagering requirement, you will profit. Casinos really want you to take their money – these bonuses are designed as loss leaders and hope to recover your losses from future games.
The key is to avoid the mistakes that ordinary players make.
– Do not play slot machines, as they have a high advantage in the house. Play a low house edge game like blackjack.
– Stop playing when the bonus is available. Every extra bet you make is returning money to the casino. The money is yours now.
How does this work in practice? Let’s take the example of the current Gamebookers casino bonus: deposit EUR100, receive EUR50 in bonus and bet EUR1000 before withdrawing. The expected profit in blackjack is 45 euros, but that says nothing about the risk. Using a blackjack bonus simulator, we can determine that the probability of loss with 1 euro bets is about 9%.
Gamebookers have tables as low as EUR0.1. Playing so low could raise suspicions with casino managers best betting sites, but a bet of 0.5 euros would be reasonable. So, what is the probability of loss now? Using the simulator, we can see that the probability of loss is less than 3%. This is a very low risk offering.
The problem is, if you bet so low, it will take forever to clear the bonus. Even at EUR1 / hand, you can wait three hours to clear the wagering requirement. In other casinos with higher wagering requirements, you can watch over 30 hours of monotonous clicks to clear the bonus for £ 1 / hand.
The first solution is to increase your risks. Let’s say you’re bored spending 1 pound / hand for hours (who wouldn’t?) And want to end the Gamebookers bonus in the next half hour to increase your bets to EUR5 / hand. The bonus simulator now tells us that we have a 28% chance of losing and a 5% chance of losing the entire EUR100 deposit. Risking 100 euros for an expected profit of 45 euros does not seem like such a good offer.
The second, more popular solution is to get an autoplayer or blackjack robot to do this for you. Some casinos have automatic play at their blackjack tables (Intercasino, 32Red, Ladbrokes, for example). It is generally not available in the lower edge games in the house, but it will do the job. If the casino does not have an integrated autoplay, you will need to use an external robot. This works like a human being, with the benefit that you don’t have to be on the PC while clearing the bonuses. The downside is that it will cost you money upfront, but in the long run, you will recover it many times over.
After mastering blackjack bonuses and increasing your bankroll, you may want to move on to Video Poker bonuses, where much higher returns are possible. This carries a greater risk and is not suitable for beginners.
It is important to remember that bonus hunting is the game. Even with very heavy odds in your favor, it is still possible to lose money and you should not bet with money that you cannot lose. However, if you follow the tips here, you can greatly reduce your risk of losing money.