Online casino bonuses are everywhere, with most casinos offering multiple bonuses to both new and existing players. They do so to attract players to their sites and encourage them to stay, and to protect their business, they do a lot to stop players from winning money using bonus funds or free spins.
But is it impossible to win money when using a bonus, or is it just tough? The answer is the latter, and on this page, we’re going to explain how you can indeed make money from an online casino bonus, providing you have a little luck along the way. So, keep reading to find out more!
Don’t Mistake Bonuses for Free Money
Firstly, it’s important to realise that bonus money is not free money. In fact, bonus money is more like free credits, which can be used to play casino games, but which can’t be withdrawn immediately to your bank account. This is a fair move from casinos, as if you were able to withdraw bonus money straight away, casinos would go out of business in a matter of hours.
Money won from bonuses also shouldn’t be treated as free money, as this won’t usually be withdrawable straight away either. Instead, you’ll have to meet the wagering requirements first. Therefore, it takes a lot of time and effort to transform bonus money into something that you can withdraw and spend.
Money Can Be Made – If You Play Smart
Despite the roadblocks put up by casinos, it is still possible to win money from online casino bonuses. The key to doing so is playing smart. Most importantly, you must learn how to play the games properly. If you know how to play properly, you’ll have more chance of winning initially when using bonus funds and more chance of getting through the wagering requirements with your winnings intact.
You also need to be smart enough to choose the best bonuses, as not all bonuses are created equal. The most important thing you’re looking for is the wagering requirements, as these tell you how many times you’ll need to wager your bonus money before you can withdraw it. For example, if you got a £10 bonus with 35x wagering requirements, you’d have to bet £350 before being able to withdraw. So, to boost your chances of winning real money, pick the bonus with the lowest wagering requirements.
The other thing to look at in the small print is whether there’s a cap on winnings from a bonus. It’s not tough to work out that the lower the cap, the worse the bonus is. To give yourself the chance to win the most money possible, pick a bonus that has no winnings cap at all.
Don’t Be Tempted to Deposit Too Much
In the quest to make money from casinos, some people, unfortunately, spend more than they can afford to win. They think that by spending money, they’ll receive bigger and better bonuses, which will then translate into better chances of winning. However, this is not normally the case. Instead, most of those claiming a bonus will lose money, and only a lucky few will walk away with more money than they started with.
So, don’t be tempted into depositing money you can’t afford to lose simply because there’s a seemingly great bonus on offer. Instead, identify how much you can afford to lose and then stick to that figure, regardless of the bonuses you see.