Bookmakers are doing anything to attract more customers to their websites, and the bonus hunting system takes advantage of that fact. The ground concept of this strategy also known as bonus bagging is to make the maximum amount of profit from bonuses and promotions and has been a method used by punters from a long time.
The main idea is pretty simple, but you need to dedicate time and effort if you want favorable results. Many people think that the strategy isn’t as useful as it was a couple of years ago, and they may have a point because it’s harder in some cases, but on the upside, there are more bookmakers to from which you can choose.
To learn more about the bonus hunting system, continue reading this article because we’ve included information on how it can be used on different gambling forms such as sports betting, poker, and casino. In the end, you will be able to read our final verdict which represents our honest opinion on whether this strategy can be successful or not.
Bonus Hunting in Sports Gambling
It’s probably most difficult to use the bonus hunting system to make money from gambling on sports due to the bonuses being small and having strict rollover requirements.
There is a way you can make a profit, but it requires a lot of effort which may not be justified when looking at the amount you can win. First, create an account at a bookmaker and make some bets to meet the terms and requirements, but make sure to place the opposite bet at a different bookmaker. That way you won’t lose too much money, seeing as one of your bets will be a winner, and if you chose the right bookmakers, there is a strong possibility of you coming out of this with a profit.
However, we think that it’s not worth to put so much effort for such a small potential return because the bonuses at most bookmakers aren’t that big. It’s still a good idea to claim the bonus so that you can make more bets, but it’s nonsensical to do it as a way of making a quick profit.
Bonus Hunting in Gambling
Most gambling newcomers don’t know about bonus hunting or even that many gambling sites offer opening bonuses to new customers. That is an important part of each bookmaker’s marketing campaign.
The bonus hunting system became a thing soon after gambling sites started to offer opening bonuses, and its primary target is to profit from them. The main concept is this – you need to create accounts at many bookmakers and claim the opening bonuses that they offer. After that, you will need to make a profit before withdrawing and moving on to the next bookmaker.
In the beginning, the betting websites made it easier to fulfill the terms and requirements of different bonuses, so it was simple to profit quickly from them.
However, today the rules for withdrawing are very strict, and this makes it a lot tougher to profit from this. It’s not impossible, but there are no guarantees that you will win something.
Bonus Hunting System in Casino
One of the best ways to make money from gambling was to do bonus hunting at online casinos because the always offered generous welcome bonuses and the terms and requirements were always favorable towards the customer. Sometimes you would get a 100% deposit bonus, with an obligation to wager it ten times without any restrictions on games.
That way, if you decided to deposit 100$, you would have to bet at least 1000$ before withdrawing money. If you play a game where the stakes aren’t so high, like blackjack, fulfilling the rollover requirement and keeping a significant portion of the 100$ bonus won’t be too much of a task.
You could also bet on both black and red, which means that if you avoided zero, you could walk out with the full amount of your bonus. Even if sometimes the wheel landed on zero, it wouldn’t be too much of a disappointment because you still would make money.
Nowadays, the terms and requirement are very strict. The rollover requirements are harder to fulfill are harder to fulfill, and you can’t play on low house edge games, but even if you can, the casino would usually count only a certain percentage of your winnings towards the rollover requirements. Here is an example of the average rates for different casino games:
- Casino Game – Wagering Requirements Percentage
- Slots – 100%
- Roulette – 50%
- Other Table Games – 40%
- Blackjack or Baccarat – 10%
- Video Poker- 5%
That may seem discouraging at first, but you can still find some online casinos with more favorable bonus requirements. It’s tough to try and use your bonus to make sure winnings, so we would recommend just treating it as additional chips for you to use. Even if you manage to find a casino where making an instant profit would be possible, the actual amount you will win won’t be anything impressive.
Overall, we don’t see the point in using the bonus hunting system if all you’re after is a risk-free quick profit. However, you can still make more chips to play with and give yourself a better chance of actually winning something. There are so many online casinos to choose from, so you can have a lot of advantage.
It’s important to remember that the best bonuses aren’t always the ones that are bigger, but those who offer the best value and give you a chance actually to have some winnings after fulfilling the rollover requirements.
Bonus Hunting System in Poker
If you know the basics of poker, it won’t be too difficult to bonus hunt in it. There is a wide variety of betting websites which will give new customers very generous opening bonuses both in regards to the amount and rollover requirements.
To make a poker bonus available for withdrawal, you would need to pay rake by buying in to enter a tournament or making a contribution towards the cash pot. If you can do this and not lose too much at the tables, then it’s very likely that you will be able to come out with something from the initial bonus.
Poker bonuses aren’t usually given to you like real money, but as segments, when you fulfill the terms and requirements. If you see a website offering you an initial bonus of 100$, it’s very likely that you won’t receive it all at once, but in 10$ installments after you pay a rake or tournament fees.
Bonus hunting is a useful strategy for experienced poker players who don’t have a problem with changing their websites now and then. Even if you’re not that good, it’s still worth it to go after these bonuses because regular players won’t have a problem with meeting the requirements, plus, they can improve at the game when more funds are at their disposal.
Bonus Hunting in Bingo
Numerous bingo websites offer high bonuses without having too strict rules for withdrawing. The main problem here is with the game itself because you can only count on your luck to win. That’s why it’s hard to find a strategy which can bring you guaranteed winnings, but it won’t do you any harm to can claim the bonuses nonetheless.
As you can see, bingo isn’t the best game to choose when using the bonus hunting system. If you happen to like playing bingo, or would like to try it out, then claiming the welcome bonuses certainly won’t do you any harm. You will have a better chance of winning, even if it’s only by a small margin.