How to make money from online casino bonuses is now a common practice in the gaming world. It is one of the popular activities that betting enthusiasts have embraced. Some are in for the entertainment bit, but most players are interested in chasing some cash rewards.
Thus, before you select a casino, ensure that it has the best set of bonuses that you desire. The advantage of amassing some significant bonuses is that you will enrich your deposit with enough money to place as wagers. Definitely, you will enjoy the best online casino games to win money.
- 1Is matched betting a sure way to make money from online casinos?
- 2Top online casinos with the most profitable bonuses in 2023
- 3How do online casinos profit?
- 4Popular types of casino bonuses and how they work
- 5How to profit from casino bonuses with online slots
- 6Important tips to help you make money from online casino bonuses
- 7Pros and cons of claiming and using online casino bonuses
- 8Answers to some of the frequently asked questions about online casino bonuses
- 9Are online casino bonuses as profitable as they are advertised to be?
Is matched betting a sure way to make money from online casinos?
The ultimate goal of every player is to learn how to successfully get paid from online casino bonuses. There is no other better method other than going for casinos that offer the best bonuses in the market. This means that you avoid subpar casinos. It is quite logical that you select a casino that matches your deposit by 500% (also called deposit 10 play with 60) instead of a 100% matched deposit.
The point is that players have to study the terms and conditions of various casinos to establish the ones with the most competitive promotions, featuring lucrative rollover terms as well as the highest cashback for player points. If you want to earn good rewards out of the promotions, you must be alert to the fact that awesome bonuses only last for a limited time. It is upon you to step up the bonus hunting game as soon as you set an eye on a money-spinning deal.
🥇 Top online casinos with the most profitable bonuses in 2023
MyStake➤Welcome bonus: Up to €1000
➤2nd deposit bonus: 100% up to €500 ➤Bitcoin deposit bonus: 170% up to €600
➤Welcome bonus: 1 Euro = 1 Free Spin
Boomerang Casino➤Welcome bonus: 100% up to €500 + 200 FS
➤Weekly reload bonus: Deposit 10 and get 50 Free Spins
➤Weekly reload bonus: up to €700 + 50 FS
➤Weekly cashback bonus: 15% up to €700
➤Live cashback bonus: 10% up to €150
BetterDice➤Welcome package: Up to €3500 + 100 Free Spins
➤Up to 250% Crypto Bonus
BitKingz➤Exclusive welcome package: Up to €350 + 50 Free Spins
➤High rollers welcome package: Up to €350 / 0.21 BTC
➤Wednesday reload bonus: 30% up to €100 / 0.008 BTC
➤Wednesday reload bonus for high rollers: 50% up to €1,000 / 0.08 BTC
Megaslot➤Welcome bonus: Up to €200 + 200 Free Spins
➤Friday 55% up to € 300 on every deposit
➤150 Free Spins Pack on every Sunday deposit
Skol➤Welcome package: Up To €1300 + 250 Free Spins
➤Up to 10% Cash Back bonus
➤20 bonus spins on Gonzo's Quest on Mondays
➤20% match bonus up to € 25 per deposit on Tuesdays
➤20% match bonus up to € 25 and 20 bonus spins on Wednesdays
➤Win up to 75 bonus spins on Thursdays
Premier Casino➤Welcome bonus: Up to €600 + 100 Free Spins
➤High roller 1st deposit bonus: 50% up to 1000 EUR
➤Birthday bonus: 100% up to €150
➤50 free spins (Bgaming: Deep Sea) on Sundays
Winota Casino➤Welcome bonus #1: 100% up to €500 + 100 FS
➤Weekly 15% Cash Back of up to €3,000
➤Weekly Reload Bonus of up to €700 + 50 Bonus Spins
➤Weekly Reload Bonus of 50 Free Spins
➤Live Show Cashback of 10% up to €150
Cobra Casino➤Welcome bonus: 100% up to €500 + 250 FS
➤Up to 100 Free Spins on Tuesdays
➤Highroller Bonus of 30% up to €500
➤Birthday Bonus of 100% bonus up to €150
Powbet➤Welcome bonus: 100% up to €500 + 200 Free Spins
➤Weekly Reload Bonus of 50 FS
➤Weekend Reload Bonus of 50% up to €700 + 50 FS
➤Weekly cashback of 15% up to €3000
➤Live cashback of 10% up to €150
How do online casinos profit?
This means that the casino does not respect the break-even rule to allow players to earn their full amount. Instead, it will reduce the payout by a little percentage, say 5%. In the long run, all players will lose 5% of their money to the casino which pays winners 95% as cashback. Although this house edge appears to be small, the cumulative amount is massive, considering the hefty wagers that individual players exchange in the high stakes casinos.
▶ A specific example is a player who places a wager with a 2:1 winning chance. This player is likely to win back $2 if the bet amount was $1. Therefore they break even, no matter the side which he has chosen. For a casino that has placed a house edge at 5%, it means that the house will collect $0.10 for every round of play. The player will earn $1.90 for each turn of play.
The expected value (EV) is the average amount that a player expects to win. The eventual figure could be more or less. The difference in the expected value is what the casino gains. An example is while tossing a coin, a player can expect to make correct guesses for 50% of the total time. Some 10 guesses may be wrong but in the long run, the result will average to 50%. You may also wonder: “Can a casino ask for winning back if mispaid?” – find out here.
Popular types of casino bonuses and how they work
The most common types of casino bonuses include:
Cashable vs. non-cashable casino bonus, which one is better?
Cashable bonuses are the most common bonuses where you can win real money from online casino bonuses. As long as the player fulfills the betting requirements, they are allowed to cash the bonus and the initial deposit. Among the cashable bonuses you can find the best casino bonus low wagering one.
A specific example to demonstrate the workability of this bonus is that of a player who signs up for a casino that offers a 100% bonus up to $200. If the player deposits $200, the casino will reward him $200, making the total of $400 to play with. After the wagering requirements are met he can withdraw the whole amount left in his account, $150 for example.
On the contrary, the non-cashable “sticky” bonus cannot be withdrawn with the winnings, as it “sticks” with the casino. But it has the advantage of being higher than a cashable bonus (hence a bigger playing bankroll) although also the wagering requirements will be higher.
For example if you deposit $50 and get a $50 non-cashable bonus you can play with $100. After you meet the wagering requirements and you have left $150 in your account, when you request a withdrawal the bonus amount will be deducted, leaving you with $100.
If you can stick with the wagering requirements and respect all the other bonus terms and conditions the cashable bonus is preferable. But be aware also if there is a maximum limit for withdrawing funds.
Be careful to always read the terms and conditions to understand which kind of bonus are you dealing with, because most of the times you cannot tell the difference so easily.
How to profit from casino bonuses with online slots
➤ If you make a deposit of $500 you will get a matched $500 meaning you will have to make bets of at least $40,000 ($500+$500=$1,000/ $1,000 x 40=$40,000) to clear the bonus.
➤ Also from the terms and conditions you find that different games contribute differently to the wagering requirements: 100% for slots, all table games, roulette– 10%, Video poker – 20% and Craps 5%. Note there is a maximum limit of $5 per bet during wagering.
➤ With this in mind if you play slots at $1 per spin you will need to play 40,000 spins but if you play with the maximum bet of $5 per spin you will need to play 8,000 spins.
➤ But if you would want to play only blackjack online (which contributes only with 10%) you would have to wager $400,000 to clear the bonus. Even if you would play the maximum bet of $5 you would still have to play 80,000 hands.
Apply the above tips on how to profit from casino bonuses. Choose from the hundreds of best bonus slots from more than 20 software providers at Cobra Casino and get the highest winnings!
Important tips to help you make money from online casino bonuses
Pros and cons of claiming and using online casino bonuses
- Availability of cash to place more bets
- Increased numbers of gameplay through free spins
- Better rewards in addition to bet winnings
- Massive opportunities to explore more slots
- Reduced risks of losing money
- Wagering requirements prevent direct withdrawal of bonuses
- Many of the bonuses are specific to particular games
- Some bonuses are time-limited, meaning the offer expires quickly
Answers to some of the frequently asked questions about online casino bonuses
Are online casino bonuses as profitable as they are advertised to be?
How to make money from online casino bonuses is the biggest motivation for bettors today. Before you sign up to any casino, ensure that you have done enough research to establish the bonuses that are offered. Ideally, as long as you settle for an online casino low playthrough requirements, you can make the most out of the bonuses and earn real money. Thus, online casino bonuses can be profitable, as long as you meet the bonuses’ policies and wagering requirements. But wait, is your birthday around? register before the celebration at a casino and claim a casino birthday bonus and make real money.