Beyond Luck: Your Guide To Making Money With Casino Bonuses

When it comes to online casinos, one of the key marketing tools is offering a casino bonus to players. Online casinos use bonus money to attract new customers, as well as to retain existing ones. This is why you will often see attractive offers being advertised daily.

Keep reading to learn how casino bonuses work and, more specifically, how to make money from casino promotions.

What is a Casino Bonus?

First up, it is important to note what the different types of casino bonuses are.  Some of the most popular online casino bonuses that you are likely to encounter include:

Free spins

Online slots are the most popular casino games played at online casinos. Due to their popularity, you will find hundreds, if not thousands, of unique slots being offered at online casinos. As part of a casino’s bonus, you will commonly find free spins being advertised. The free spins are either as part of a welcome bonus from an initial deposit or as a regular bonus for existing players.

A free spin bonus is awarded for slot games where you will be able to spin the reels without having to wager your own money. Any winnings derived from your free spin bonus are yours to keep and can be withdrawn into your bank account if you satisfy the wagering requirements.

Deposit bonus

A deposit bonus is awarded to players upon making a real money deposit into your casino account. If you are a new player, the awarded deposit bonus is also known as a welcome bonus. Typically, the welcome bonus is the most lucrative bonus given to players, as every casino tries to lure a player into their doors with the best offer.

A deposit bonus is calculated to match a percentage of the amount of real money that you have deposited. For example, a 100% deposit bonus will mean that if you deposit $300, you will receive $600 in your account to play ($300 real money and $300 bonus money). The deposit bonus percentage can be anything, even 200%, meaning you get more bonus money than you deposited as real money. A deposit bonus may also include some free spins as part of a package deal. Be mindful of bonus offers and read the terms and conditions fully; there might be minimum deposits or other rules you must meet before you are given the bonus.

It is also important to take note of any wagering requirements applicable to the deposit bonus. A 30x wagering requirement on a $300 casino bonus means that you must play through $9000 before you can withdraw the bonus money as real money. Different casinos have different wagering requirements, be sure to establish what it is before signing up.

No deposit bonus

A no deposit bonus, as opposed to a deposit bonus, is awarded immediately upon signing up or as a reward to valuable players and can include either an instant cash bonus, a regular bonus with wagering requirements, and/ or some free spins. All that you must consider is the terms and conditions which may apply to the bonus, such as the wagering requirement mentioned above, before using the bonus.

How to Earn Casino Bonuses?

Casino bonuses are earned in a variety of ways, from a welcome bonus to new customers, reload bonus offers to existing customers, and loyalty program or playing reward bonuses.

Welcome bonuses are awarded to players in exchange for signing up. All that you need to do to earn a welcome bonus is to look for casinos that advertise a welcome bonus when signing up. Once you sign up, you can then proceed to make your initial deposit or enter in your welcome bonus code. After this, you will receive your casino bonus! A welcome bonus is not only for casino slot games; you can also find a bonus for sports betting sites, bingo operators, table games, and live casino games.

Some casino bonuses are earned by players through a reload bonus offer. These bonuses work much like the welcome bonus, where you make a deposit and are given the bonus and/ or free spins. Many casinos will have set weekly bonus offers and others on special occasions. This helps keep the player base engaged and makes them come back.

Loyalty programs are huge in the casino industry and are a great way to earn casino bonuses regularly. There may be game-specific loyalty bonuses, such as poker bonuses, which are awarded to players who play those games often. Other types of loyalty programs will increase in value for the player the longer they play and deposit at the casino. High rollers will look for these VIP loyalty packages as they appreciate being looked after for bringing in a lot of money.

What’s the Point of Casino Bonuses?

Earn more casino chips, and sweeten your bankroll with casino promos.

A casino bonus’ purpose is twofold. Firstly, a casino bonus is used by online casinos to attract new customers and retain existing ones. This important aspect is what ensures that new players continue to sign up and play, as well as ensures that the casino remains profitable in the long term.

Secondly, casino bonuses give players more to play with, and therefore players see more value out of their deposits. When you receive deposit bonuses and free spins, online casinos give you extra cash and spins to play with during your session. This gives you ample opportunity to get into the groove of things, especially if you are just starting out.

How to Make Money From Your Casino Bonus

When looking at a casino bonus, one should always read the terms and conditions to get a realistic picture of the casino offer. With that information, you can calculate the true value of the casino bonus in our helpful guide. This will tell you how much money you can expect to make from your bonus.

When you receive a deposit bonus from the casino, you will not be able to withdraw the money immediately. It is not financially feasible for the casino to give away real money, therefore, wagering requirements are put in place. If you want to make real money from your casino bonus, you must first satisfy the wagering requirements. Ideally, you would want to opt for a casino bonus with low wagering requirements, as this will make it easier to withdraw winnings.

Check out these four tricks to turn bonus money into real money wins! Remember that while these tricks can help you win, there is no guarantee. Play responsibly at all times.

1. High RTP Games

   The first trick to turn a bonus into real money is to play games with high RTP. Here you will be able to satisfy the wagering requirement quickly and with a lower risk of losing your balance. Be sure to look at the terms and conditions, as it will usually include a list of games that are excluded from contributing to the wagering requirement. These games are the ones with the highest RTP and can flip the house edge to a house disadvantage. Make small, consistent bets on high RTP slots until you reach the wagering requirement, then pull out your winnings!

2. High & Low Variance Games

   Our second trick for converting bonus money into cash uses high variance and low variance games. First, play on high variance games until you get a massive win, then switch to low variance with high RTP to meet the wagering requirement. Caution! This trick is known to many casinos, and many will ban this practice in their terms and conditions. If you break their rule, they will remove your winnings.

3. Play With Large Bets

   Our third trick is similar to the one above, make very large bets with your bonus money and hope for a quick big win. If you get lucky with a large win, switch to high RTP slots or a low variance game and play until you meet the wagering requirement. Another caution here, many casinos know this trick and will put in a maximum bet amount when you play with an active bonus. If you bet over the maximum allowed, they will take your winnings away.

4. Claim Welcome Bonuses

   Our fourth and final trick is to hunt for great welcome bonus offers and sign up to casinos with the sole purpose of receiving the maximum value of the welcome bonus. A welcome bonus is often the best bonus offer a casino gives out, which gives the player a better advantage for turning the bonus into real money. This method is tedious, a lot of work researching and signing up, but if you don’t mind the process, then this might be a good trick for you.