Bonus hunting explained: What is bonus hunting?
Bonus hunting is a term pertaining to the activity of players who try to make money by snapping up various casino bonuses provided by online casinos in New Zealand. In the past, it was a very successful practice, but these days, it is getting more challenging to pull it off.
You might be wondering how casino bonus hunting works, and if you could potentially make money at online casinos in the present day.
Keep on reading to learn more about bonus hunting.
Bonus hunting in the good old days
In the not so distant past, taking advantage of a casino bonus was all the rage, and it was easy to be achieved. Casino bonuses used to be a lot bigger in the past with lower wagering requirements and absolutely no restriction on casino games whatsoever. That means that players were able to utilise their casino bonus as they played and expected to make a profit with ease.
Let’s give you an example. Imagine you have received a $100 bonus with a wagering requirement of 10x. Additionally, you are playing a slot game that has a high RTP of 97%. The casino, in this case, only has a house edge of 3%, which means that you would in theory, lose 3% for each bet you place. In this case, the value of your bonus is $100 Bonus * (100% - 10* 3%) = $30
Things have changed and no longer work this way.
How to benefit from bonus hunting nowadays
Since players were taking advantage of casino bonuses, operators have shaken things up to boost their profits. They did this by improving their calculations significantly and ensuring that bonuses cannot be cleared that easily. This does not, in any way mean, that you cannot take advantage of casino bonuses to convert them into hard-cold cash. It has become increasingly more challenging to do so, though.
If you are wondering how to become rich from online gambling, we will help you out, but it’s a method that’s not for the faint-hearted.
The way bonus hunting works these days is significantly limited to high volatility and having a bigger than average bankroll. If you are willing to invest in your online casino adventure, have time to spare and can stay cool as you roll with losing streaks, then keep on reading.
You would first have to sign up to a reputable casino that has a generous bonus and lower wagering requirements. You would then have to pick an online pokie that has a high volatility and bet big. It could mean that you will lose big as well, but you could also win stupendous sums.
If you lose your entire bankroll, call it quits and move on to the next new casino. If, on the other hand, you strike it lucky, have a threshold in place that allows you to meet your wagering requirements to cash out.
You need to keep on repeating this process a few times before you start reaping the rewards. If you succeed the first time, all is well and good. You need to be smart and do your research well, especially when it comes to picking the right slot game. You can read our list of online slot games with the highest RTP here.
Taking advantage of casino freebies
You might be wondering how great casino bonuses such as no deposit offers and free spins come into play in the online gambling market. We always recommend that you take advantage of any available no deposit bonuses NZ and free spins. However, you won’t be able to make a neat profit from these offers. They cost you absolutely nothing, and they are free to take advantage of. You can still make money, but not very much.
Bonus hunting and no deposit bonuses
First and foremost, you need to find a new casino that offers no deposit bonuses. This is easily achievable. Just head to our No Deposit Bonus page to find the best no deposit offers in New Zealand. Sign up to these casinos and submit your details such as your age, address and phone number. You might be asked to send in your ID or a bill as some verification. This is how casinos protect themselves from people signing up multiple times.
Once you have registered and your account has been verified, your bonus might be credited right away to your account, or else you’ll be asked to input a casino bonus code to get started.
If you get free spins no deposit NZ, then proceed to spin the reels with the designated bet size. Once you have used all of your free spins up, any winnings will be converted into free bonus cash. With this free cash, you need to meet the wagering requirements, to turn them into cash.
At this point, you can use this money to play as aggressively as possible by applying a highly volatile strategy. This means you need to place big bets on fewer spins. You could either win big or lose it all in one go. The problem with this strategy is, that it quickly depletes your bankroll. On the other hand, if you are too cautious and play more spins with smaller bets, you are highly unlikely ever to meet the rollover.
Bonus hunting: The ideal strategy
Having a good bonus hunting strategy in place should help your chances. Since wagering requirements are a lot higher than they were in the past, you have to apply a more aggressive approach to turn bonus hunting into success.
Let’s imagine you are depositing $100 and receive a 100% deposit bonus. You have $200 to play with. On top, there are wagering requirements of 35x. You start playing online pokies with big bets and all paylines until you lose it all or else, multiply it. You should keep on doing this until you have comfortably met the playthroughs.
Keep in mind that this is a risky strategy and in no way, does it guarantee success. To succeed, you need a big bankroll to start with and to snap up as many casino bonuses as possible. There are a few problems with this bonus hunting strategy. Luck needs to be on your side, to begin with. Even if you opt for an online pokie with a high RTP, you still need luck on your side. Additionally, even if you do win big, you won’t be able to achieve this at most casinos, so the risk is considerable here.
Furthermore, you need plenty of time and the ability to distinguish the best online pokies. Great bonuses don’t come by often, but whenever you spot a few, make sure you sign up and to read the terms and conditions. Remember that the lower the wagering requirements, the better it is for you.
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