To beat online casinos and milk out some extra cash, online casino players have to learn how to take an advantage accepting the juicy casino bonuses offered by the casinos. Following a few simple techniques would enable the players to wager online with profit.
If it is easy to calculate the house edge in the classic casino games and the same than applies to the calculation of the value of the casino bonuses offered.
Basically there is a lot of money in a form of casino bonus promotions waiting for the players to grab. However it is quite a hard job to make money on beating the online casinos, otherwise the casinos would not exist.
Online casino bonuses – the basics.
Casino bonuses, casino bonus promotions offered by the casinos to entice more and more casino players to invest their money into the games are not new to the gambling industry. These online casino bonus promotions have been inherited from the brick and mortar casinos temptation such as free drinks, meals, airfares etc. But online casinos do not need to serve drinks, they have only one but the most convincing offer – money.
So the basics of online casino bonuses are simple: if you decide to wager online, depositing your money into a casino – let’s say $100, new player would be rewarded with $100 free casino bonus money matching the deposit. However the casino would require to make a certain amount of bets before the player would be allowed to withdraw the deposit and the winning. This is the online casinos wagering requirements, which could vary significantly from casino to casino.
Casino bonuses profit.
Now it is easy to decide if the casino bonus is worth to wager by calculating your potential profit after fulfilling the casino bonus wagering requirements:
Casino deposit is $100
Casino bonus is $100
Casino bonus wagering requirements are 20 times combined amount of the deposit and casino bonus.
This means a player must place a total of $4000 in casino bets before the withdrawal is allowed. Casino player may place 40 bets of $100 each, or 500 bets of $8, or 4000 bets of $1.
Online casinoDepending on the games permitted for the casino bonus wagering now it is possible to calculate the profit. If for example, the casino allows to wager the bonus playing six-deck blackjack where the house edge over the basic blackjack strategy player is only 0.5%, the player can expect $180 remaining of the starting balance of $200. That is a $80 profit on the $100 investment.
Now it is the player decision if the casino bonus profit looks reasonable to wager estimating the amount of time it would take to meet the casino bonus play-through requirements and it is quite easy to do. Let’s say if the player must wager $50000 of $5 bets expecting to extract casino bonus profit of $25, it is not worth the time even if you even know by heart the casino games basic strategies and play faster than other players.
Either the online casino bonus is too small or the casino bonus play-through requirement is too big, the time of the player is worth more than that.
On the other hand, if the player has to meet $4000 of the casino bonus wagering requirement expecting $80 profit on $100 deposit, it looks much more better. Keep in mind that with the broadband high speed internet connection the casino games are pretty fast to play and lots of casino players can play up to 700 hands per hour.
Unfortunately this is just a theory of milking the casino bonus money. Online casinos have quickly realized that the players can just jump from one casino to another grabbing the casino bonuses and getting the profit. They call the phenomenon “casino bonus hunters”, and the situation had forced them to be creative. That is why online casinos have been forced to put certain restrictions to prevent this from happening:
- Online casinos increased play-through requirements;
- Restrictions on some casino games where players have advantage over the house thanks to the casino bonus offered;
- Created new types of casino bonuses – sticky casino bonuses, semi-sticky casino bonuses etc.
On the other hand this increase of the casino bonus wagering requirements does not make the casino bonus offered valueless. That’s why a player looking for a decent and profitable casino bonus has to calculate the real money value of the casino bonuses offered.