Strategies for Bonus Hunting: What is bonus hunting?
The internet is full of betting providers, who offer their range of bets to the customers. To bring casino players onto their particular website, these companies also provide them with some bonus, that the customers can use to generate higher earnings with their bets.
These bonus offerings can vary in the amount of money that they are worth to the customer, as well as in the type of reward; there are several kinds of bonus offerings that the betting companies provide.
It is for this very reason that today we shall be discussing the art of Bonus Hunting. Bonus hunting is a term that describes the activity of players who try to make a profit from claiming a variety of casino bonuses in Canada. In the not so far distant past, this was done with ease. However, bonus hunting has become increasingly challenging.
If you have landed on this page, you must be wondering what bonus hunting is and if there exists a bonus hunting strategy to be able to make money at casinos these days.
Keep on reading to learn more about bonus hunting.
The history of bonus hunting
Bonus hunting was a popular form of activity for many online casino players in the past. It was easily achievable since wagering requirements were lower, the bonuses a lot bigger and there were no restrictions whatsoever on the games chosen. It was therefore effortless to make money from casino bonuses in the past.
Let’s paint you a picture. Let’s suppose you have claimed a $100 deposit bonus with a wagering requirement of 5x. You then pick an online slot game that has a high RTP of 98%. In theory, the casino has a house advantage of 2%, which means you will lose 2% for each bet wagered. The value of your bonus stands as follows: $100 Bonus * (100% -5* 2%) = $10.
Of course, these days wagering requirements are a lot higher though there are still tips and tricks on how to beat wagering requirements.
Bonus hunting in the present day
Since casinos were losing big bucks, they have had to change a few things to ensure that players don’t make too big a profit from them. They did this by enhancing their calculations and ensured that bonuses could not be cleared quite as quickly. You can still claim casino bonuses and meet the wagering requirements to cash out winnings these days. It all depends on the casino you are signing up to, the bonus and the wagering requirements at play.
If you are after turning your online gambling experience into profit, keep on reading to learn more. We have the ideal bonus hunting strategy that should boost your chances.
The one way you can make bonus hunting successful is by having a big bankroll and playing games with high volatility. If you have time to spare and don’t mind a few losing streaks, then keep on reading.
To start with, sign up for an account with a reputable casino and claim their bonus. Make sure it doesn’t have higher than average wagering requirements. Proceed to pick an online slot that has high volatility and place big bets per spin. Keep in mind that you could lose your bankroll quickly, but you could also double it or triple it by the end of your session.
Of course, if you lose your bankroll, don’t go chasing after your losses. Instead, sign up to a new Canadian casino and repeat the entire process. If you do strike it big, you should be able to meet the playthroughs with ease.
Keep on repeating this process until you start gathering a neat profit. When it comes to picking the ideal online slot, have a look at the paytable and its RTP. You can read our list of online slot games with the highest RTP here.
No deposit bonuses & free spins
Who doesn’t like free casino bonuses? Of course, no deposit bonuses and free spins have a pivotal role in your online gambling experience, albeit a small one. We never fail to recommend snapping up no deposit bonuses and free spins. They tend to be on the lower side, but you can still make a small profit from it.
It depends on the offers you are claiming. If you are claiming a $20 free no deposit bonus, then you can quickly turn it into cash.
So how do you take advantage of no deposit bonuses? First, you need to find a new casino that is offering them. Luckily for you, the folks at GambleGenie, have doge all the research so you can head to the No Deposit Bonus page to claim a $10 free no deposit offer or more. Once you have selected the casino, sign up for an account and provide your details to get started.
Some casinos ask you to send in a picture of your ID/Passport or a utility bill as some form of verification. This is done to stop people from signing up multiple times to claim the bonus.
Once your account has been verified, your bonus will either be credited straight away to your account, or you will be provided with a casino bonus code to claim it.
If you claim a free spins no deposit offer, head to the designated slot to spin the reels. Once your free spins have been used up, winnings will be converted into bonus cash. You can then proceed to beat the wagering requirements so that you can cash out at withdrawal.
At this stage, we recommend that you play and bet aggressively by betting big. We understand that this will half your gameplay time, but this is the best way at trying to beat the playthroughs. If you want to play it safe and play with fewer pay lines to extend your gameplay, you are free to do so, but you are unlikely to cash out.
Bonus hunting: The strategy
Having a good plan in place is what will boost your chances to win it big. Many casino players tend to wing it, in the hope they strike it lucky, but there are always tips and tricks to tilt the odds in your favour. As we have already mentioned, wagering requirements are a lot higher than what they used to be, so you need to play aggressively to turn your gameplay into a success story.
Let’s imagine you are depositing $50 and obtain a 100% deposit bonus. You have $100 to play with. There is also a wagering requirement of 35x. Play the most significant bet size and all the pay lines. If you win round after round, chances are you are going to meet the wagering requirements with ease. This is still a risky strategy, so if you can’t afford a bigger bankroll or you enjoy playing casino games, you don’t have to follow this strategy.
This isn’t a foolproof strategy either. You need to recognise a slot game with a high RTP, have luck on your side and to win round after round. Additionally, this takes a lot of your time, so you need to save some time to play the best online slots. Generous bonuses don’t come round that often, but when you are ready to claim one, make sure to read the fine print to see what the wagering requirements are. Always opt for bonuses with a wagering requirement of 35x or lower.
Claim the best Canadian casino bonuses
Now’s the time to claim the best casino bonuses in Canada. Check out the below offers to get started, or browse through the various categories in the menu to claim free spins or no deposit offers.