Casino Bonus Hunting Guide – 7 Key Tactics to Beat Online Casino with +EV

Casino Bonus Hunting General Guidance

Online casino bonus hunting is the way to make constant profits with limited risk based on the Expected Value calculation formula.

Please realize the harsh reality.  As long as we play casino games without an advantage such as a bonus, we can’t beat the casino in the long term due to the house edge.

Don’t get me wrong, I said long-term. In the short term, you may win because of the variance but theoretically, it’s impossible to win in long term.

Therefore, we don’t gamble, which means we don’t count on chance, we don’t count on variance but rely only on mathematical advantage derived from the bonus.

Enjoying the thrill of the casino game is not our scope. We never waste the juicy bonus opportunities by gambling on them but focus solely on how effectively we can extract cash via casino bonus-hunting activities & make a real profit.

Allow us to stress that the underlying rationale behind our strategy is EP (Expected Value). We take up only the bonus opportunities that have Positive EP.

By doing so, we can turn the casino’s house edge into our own edge. Therefore it’s Impossible for us Not To Win in the long term, which means we will be definitely profitable.

Anonymous casino bonus hunting may be ideal for you, then the List of the Best Anonymous Bitcoin Casinos & Bonuses is the information you must access, FYI. 

Casino Bonus Hunting is Not Bonus Abuse

Gambling is for Losers. We use Advantage Gambling (Play), which means we Don’t count on Luck but solely rely on Mathematical Advantage.

The 6 Advantage Plays we employ is probably the only surest method for ordinary people to beat bookmakers & casinos. For sports betting, we use Matched Betting / Sports Arbitrage / Value Bets On Proven Software, Tipsters & Systems to lock in a profit or consistently earn profits for the long term.

When it comes to casinos, we solely resort to EV – Expected Value betting to overcome the casino’s house edge. People often confuse Bonus Hunting with Bonus Abuse.

Remember, bonus abuse is something you don’t use bonus according to its T&C. For example, you use the same bonus in multiple accounts in the same household, etc. We don’t abuse bonuses but use mathematical edge and extract bonuses in cash.

In this guide, we share 3 Strategies & 4 Specific Tactics to extract cash from casino bonuses based on the risk level.

Let’s start with basic knowledge.

Casino Bonuses – Types & Requirements

We categorize the bonuses into New Players & Existing Players.

(BTW, if you play casino games with cryptocurrencies, you don’t want to miss the info contained in the “List of Best Bitcoin Casinos All Types of Bonuses“, which includes Crypto Casino No Deposit Bonuses, our GEM Exclusive BTC Bonuses, Crypto Reload Bonuses, & BTC Faucet, etc.)

For New Players

Welcome or Sign-Up Bonus is often the most generous bonus (but remember generosity always requires caution as explained later) and typical types are;

• No Deposit – offers Free trials like “Just sign-up and you get a £10 bonus without making any deposit”.
• Risk-Free Bonus – asks for your initial deposit, expressed like “Deposit £50 and play if you lose we refund all your loss”. So if you win you can keep it but any loss will be compensated by the casino.
• Matching or Percentage Deposit – also requires your initial deposit to get a bonus such as a “200% matching bonus” or “50% percentage bonus” which means if you deposit £200 you will get a £400 matching bonus or £100 as the percentage bonus etc. It is a very common welcome offer.

1) & 2) are usually small amounts but often Risk-Free. On the other hand, 3) attracts you with a very high bonus amount but requires a hefty Rollover (called WR see below). This exposes you to a substantial risk of losing even your own deposit.

WR (Wager Requirements)

Once you receive a welcome bonus, you are often required to bet a certain amount before you can withdraw.

It is a Rollover Requirement or a.k.a. WR – Wager Requirement.

It’s expressed like 20x, which means you need to bet 20 times of either (Deposit + Bonus) or (only Bonus) depending on the bonus. The casinos offer very generously high amounts of bonuses by expecting you to lose all your bonuses and deposit as well in the process of completing such a hefty amount of betting.

Unfortunately, most of the players meet the casino’s expectations. How efficiently we complete the WR is one of the key points for Casino Bonus Hunting.

For Existing Players

There are various incentives to increase your loyalty such as;

• Reload – works the same as the above Matching & Percentage Deposit Bonus. This means it demands WR before you can withdraw any related funds. You find those offers on a regular basis such as weekly or monthly. Regarding
• Loss Refund – the concept is the same as the New Customer Offer 2) but just for the existing players. The money is awarded back to you who lost during your gambling sessions. It works like you lose $200, and get $100 back as a 50% loss refund case – the range depends & usually 20 – 100%.
• Loyalty / High Roller etc. – many casinos have loyalty clubs / VIP or High Roller programs which reward the amount you bet. Since you can’t get a meaningful reward unless you make a sizable bet (most likely with a lot of loss), it is not our scope.

Crypto Casino Bonuses

We don’t need to remind you that our bonus hunting methods can perfectly apply to Cryptocurrencies Casino sites that have been booming particularly spurred by Bitcoin Provably Fair Games. The below guides will ensure your success in crypto casino bonus hunting;

•   For those who are not familiar with crypto betting, see How To Gamble with Cryptocurrencies
•   To check the latest Casino payment methods, see Best Hybrid Online Casinos
•   Any concerns about cheating, List of Best Blockchain Casinos – Provably Fair Bitcoin Games
•   If you think much of privacy, List of Best Anonymous Bitcoin Casinos & Bonuses 
•   To check the latest generous offers, see List of Best Bitcoin Casinos All Types of Bonuses
•   For sports betting lovers, List of 20 Best Bitcoin Sports Betting Bookmakers
•   For the matched bettors, Bitcoin Matched Betting
•   In case you’re from the USA, Best Crypto Sportsbooks for Americans

Three General Strategies 

We prepare the below 3 overall but very practical & useful strategic documents. Therefore, suggest you take a look at them before going into the specific tactics;

• Casino Bonus Strategy – How To Beat Online Casino with 3 Most Popular Games
• As a basic strategy guide, you will find detailed EV, and specific game strategies for Roulette, Blackjack & Slots, the Most Popular Casino Games. These are essentials to extract cash from bonuses efficiently.

• How To Use the Top 3 Lowest House Edge Games To Beat Casino Bonus
• In this guide, you will know the detailed game strategies of Video Poker, Craps & Baccarat as the Lowest House Edge Games. You will tactically use these games if the bonus condition allows you to use these games.

• 5 Most Profitable Casinos Sign-Up Methods – Stay Away From No Deposit Bonus
• This strategic paper will enable you to prioritize the various sign-up offers, and avoid missing potential opportunities. Actually, it will help you save a lot of money from wasting the bonus you could have had by mere gambling or lack of knowledge.

Four Specific Tactics of Casino Bonus Hunting

We share 4 tactics to rake bonuses to the maximum retention rate – the order is basically based on the degree of Risk Level, which are;

• 0 Risk + Guaranteed Clearing – Cashback Site Tactics
• 0 Risk Clearing – No Deposit Bonus Tactics
• Almost No Risk Clearing – Loss Refund with No or Very Few Rollover Requirement Tactics
• High-Risk Clearing – High WR Requirement Tactics

See the brief explanation for each tactic as follows;

A. Guaranteed Casino Bonus Hunting – via Cashback Site (No Risk & Guaranteed Profit)

Our approach to New Player Opportunities is attempting to explore the 3rd party, namely Cashback Sites. We suggest everyone should explore Cashback System first before taking up the Casino’s own welcome offer with the following 2 benefits;

• Cashback offer often doesn’t require any WR but just a deposit, or even if any, it’s quite low such as 1x
• It’s often the case that the cashback system is independent meaning even if you first register Casino via cashback & get cashback, you can still get Casino’s own welcome bonus separately.

For specific step-by-step instructions, go to How To Guarantee Real Cash from Casino Bonus Cashback Sites

B. 0 Risk Bonus Clearing – No Deposit Requirement (No Risk & Almost No Reward)

Zero Risk, what’s the difference from the B) Risk-Free? Essentially, both are at No Risk. However, the expected return here is much lower than C). This is known as NDB – No Deposit Bonus, which has been increasingly popular.

No Deposit Bonus

This tactic applies to the case of No Deposits Required, such as the above 888 Casino of 30 FREE SPINS / £10 Free No Deposit Bonus &, etc.

Because you don’t need to use your own money but can receive the bonuses, so it’s the safest among all the available bonuses. But surely they limit maximum winnings to £50.

The biggest issue is extremely high WR toward any winnings before you can withdraw (of course you can’t withdraw your free bonuses as you know). Usually 40X over, often 100X which gives you very slim chances to retain any winnings after you complete the full WR.

For specific step-by-step instructions with the list of the current offers, go to How To Make No Deposit Bonus Whoring Worth Your While

On top of 888Casino, LeoVegas also offer a No Deposit Bonus, so you may try these Most Trusted Best Online Casino in Europe.

C. Almost No Risk Bonus Clearing – No or Very Few WR (No Risk & Decent Reward)

The offer we discuss here applies to both New (Initial Deposit) & Existing (Reload Deposit) Players. It’s often given in the form of a Loss Refund, called Risk Free Bonus.

Loss Refund

There are many types of loss refund promotions and the refund % though, essentially you need to search the offers that are;

• 100% Refund
• No WR requirements or Up to x1 WR of bonus

Just a reminder that reading the T&C of each offer before depositing money & play is essential (it’s not only for this type of bonus but also for all bonuses). I know it’s boring, but don’t skip it to avoid any unpleasant surprises down the road.

For specific step-by-step instructions, you may find an example included in Betfair (you may want to use Betfair Alternatives) Promo Code – Sportsbook, Casino & Poker is useful. 

D. With High-Risk Bonus Clearing – High WR (High Risk & High Reward)

Deposit % Matching Bonus

This is by far the most popular or standard type of Casino Promotion. It offers a high % of bonus with high WR like below Mr Green (x 35);

There is No Risk-Free method or you can’t manage with very low risk, but need to prepare for substantial risk.

Having said that, it’s not for newbies (although the promotion itself targets new players as well) but for those who are familiar with Advantage Play.

People are required to possess High Emotional Tolerance as well as Strict Discipline in Money Management.

Let’s talk a bit of mathematical review (EV) if these are worth it.

Expected Value

The safest technique for attempting to achieve profit is playing the Low House Edge games represented by Blackjack (0.5 – 1%) & Slots (2 – 3%).

Theoretically, you will lose that % out of your total wagering amount based on the WR (for the comprehensive logic behind it, please go to Casino Bonus Strategy – How To Beat Online Casino With Expected Value Betting).

Let’s use the real Coral Offer.  That is a Deposit of £10, Get a £50 Bonus, and x24 WR on bonus, which means £1,200 wagering before you can withdraw. Let’s use European Roulette of which the house edge is 2.7%. For this case, we can use the below EV formula;

EV = Bonus – WR x Casino House Edge (%) EV = £50 – £1,200 x 2.7% = £17.6

So, still positive. However, the 2.7% house edge is based on many samples. In other words, the variance is your enemy to achieve that %.

So you need to reduce variance by playing as many as possible. If WR is $1,200, play $0.1 x 12,000 (don’t worry you can set automatic play) rather than $1,200 x 1.

This will ensure the final loss would be closer to the house edge based on The Law Of Large Numbers in mathematics. It is true of any form of gambling. So critical direction:

Low House Edge & Low Variance & Large Numbers of Bet

For specific step-by-step instructions with the list of the current offers, go to casino Casino High Roller Bonus List with High-Risk Management

Online Casino Ultimate Sign-Up Methods

5 Key Tactics

People should know the best casino sign-up strategy before taking up the popular No Deposit Bonus (NDB) lightly.

I would urge you to first take a look at the 5 Most Profitable Casino Sign-Up Methods, which cover;

The Best Casino List

You may want to explore the following 4 lists of the best gambling sites which can satisfy each player’s unique needs;

Online Casino Market

Lastly, let us share some information about Online Casino Market, just FYI;

• Huge Market – According to Casino City, there are supposed to be well over 2,000 online gaming (casino, bingo & lotto, etc.) sites. Its market size has grown rapidly driven by sports betting & casino, and is expected to grow further as the below Statista chart shows;
• Bonus Availability – Nearly all of those online sites offer Welcome and Loyalty bonuses. This casino’s business model should not be obsolete in the foreseeable future. Because unlike the land casino, this massive bonus offer is the most powerful marketing weapon to differentiate themselves in the fierce competition.
• Mathematics – We never do gambling but what we follow is simple mathematical logic expressed in Positive EV (Expected Value). It allows you to rake money from bonuses based on probability as an Advantage Play.
• Risk – Unlike Matched Betting or Arbitrage Betting, it’s not always 100% Risk-Free, depending on the type of bonus. We focus on No-Risk & Low-Risk bonus opportunities though we also cover High-Risk bonus extraction for experienced players only.

We cover more statistics & mathematical rationale with specific tactics on the 3 most popular casino games in the General Strategies Report.

Hope this info will help you make casino gambling into reliable trading.

Good Luck!!

Joshua Walker (bio)

Editor – Global Extra Money (GEM)